THE FOOD BANK NETWORK OF SOMERSET

BOUND BROOK, NJ, 08805 (732) 560-1813 Est. 1982 EIN 22-2405550
K31Z - Food, Agriculture & Nutrition 990 - Public charity return 501(c)(3)
somersetfoodbank.org

Mission

THE ORGANIZATON OPERATES DAILY AND WEEKLY FOOD PANTRIES IN BRIDGEWATER, BOUND BROOK, SOMERVILLE, MANVILLE, NORTH PLAINFIELD AND THE VA IN LYONS(ALL IN SOMEREST COUNTY, NEW JERSEY). THE ORGANIZATION MEETS EMERGENCY FOOD NEEDS ON A DAILY BASIS FOR PEOPLE REFERRED BY SOCIAL AGENCIES AND RESPONDS TO FAMILY NEEDS DURING NATURAL EMERGENCIES, SUCH AS FLOODING, FIRE AND THE 2020 PANDEMIC. IN ADDITION, THE ORGANIZATION DISTRIBUTES USDA GOVERNMENT SURPLUS FOOD WHEN AVAILABLE, PURCHASES SPECIAL DIETARY FOOD FOR PEOPLE WITH HEALTH PROBLEMS WHO ARE WITHOUT FUNDS. THOSE WHO RECEIVE FOOD INCLUDE SINGLE-PARENT FAMILIES, LOW INCOME FAMILIES, LONG-TERM UNEMPLOYED OR UNDER EMPLOYED PERSONS, SENIOR CITIZENS WITH INADEQUATE FIXED INCOMES, AND PEOPLE WITH A GENUINE NEED THAT FALL BETWEEN THE CRACKS OF EXISTING PUBLIC PROGRAMS.

Giving Portfolio

Total Grants
3
Total Giving
$30K
Recipients
3
Years Active
2018 - 2020
Avg grant: $10,000 Median: $10,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20201$10K $10K10
20191$10K $10K01
20181$10K $10K10

Top States

New Jersey
3

Top Grantees

RARITAN VALLEY COMMUN COLLEGE FUND
NJ - 2 grants
$20K
RARITAN VALLEY COMMUNITY COLLEGE FUND
NJ
$10K

Grants Awarded · 3 grants

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Financials

Total Revenue
$5,239,262
Total Expenses
$4,865,434
Net Assets
$3,123,922
7 employees 100 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
7.7 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 15.7%
Expenses ↑ 11.7%
Revenue Sources
Contributions 97.2% Investment 2.8%
Expense Breakdown
Program 95.2% Management 4.8%

Officers & Trustees (8)

Individual compensation is available on Grow plans.

Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$5,239,262 $4,865,434$3,123,922
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$5,239,262 ↑$4,865,434$3,123,922
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$4,530,221 ↑$4,356,373$2,750,094
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$2,914,417 ↑$3,067,638$2,576,246
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$2,883,980 ↑$1,800,123$2,331,142
2019 990 - Public charity return
Jan 1, 2019 to Dec 31, 2019
$915,027 ↓$952,624$1,247,285
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$1,074,844 $1,001,010$1,280,541

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EIN: 22-2405550 · Source: IRS Form 990 e-file data