FOOD BANK OF SOUTH JERSEY INC

EIN: 222623089 501(c)(3)

PENNSAUKEN, NJ

Total Revenue
$50,520,817
Total Expenses
$48,984,989
Total Assets
$26,047,335
Net Assets
$22,207,628
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NJ
Principal Officer
FREDERICK C WASIAK
Phone
8566624884
Tax Period
2024-01-01 to 2024-12-31

FOOD BANK OF SOUTH JERSEY INC, founded in 1985, is a mid-sized nonprofit that reported $50.5M in total revenue in fiscal year 2024. Expenses of $49.0M left a modest 3% surplus.

Mission

THE FOOD BANK OF SOUTH JERSEY PROVIDES FOOD AND DELIVERS HEALTH AND WELLNESS PROGRAMS TO IMPROVE PEOPLES LIVES. THE FOOD BANK OF SOUTH JERSEY EXISTS TO PROVIDE AN IMMEDIATE SOLUTION TO THE URGENT PROBLEM OF HUNGER BY PROVIDING FOOD TO PEOPLE IN NEED, TEACHING THEM TO EAT NUTRITIOUSLY, AND HELPING THEM TO FIND SUSTAINABLE WAYS TO IMPROVE THEIR LIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $49,378,035
Program Service Revenue $493,502
Investment Income $371,674
Other Revenue $277,606
TOTAL REVENUE $50,520,817

Expense Breakdown

Grants Paid $407,871
Salaries & Benefits $7,540,281
Fundraising Expenses $2,192,505
Program Expenses $45,914,595
Other Expenses $41,036,837
TOTAL EXPENSES $48,984,989

Year-over-Year Comparison

2024 2023 Change
Revenue $50,520,817 $48,610,335 +0.0%
Expenses $48,984,989 $44,336,489 +0.1%
Net Income $1,535,828 $4,273,846 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
104
Volunteers
4167

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$802,836
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDSEY ENWRIGHT TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL MATHEIS SECRETARY 1.00
Officer Director
$0 $0 $0
SUZANNE GHEE CHAIR 1.00
Officer Director
$0 $0 $0
ALTHEIA LEDUC TRUSTEE 1.00
Director
$0 $0 $0
JEFF HAYMAN TRUSTEE 1.00
Director
$0 $0 $0
CAROL STROCK TRUSTEE 1.00
Director
$0 $0 $0
NEAL D WALTERS TRUSTEE 1.00
Director
$0 $0 $0
DOUGLAS A SCHAEFFER VICE CHAIR 1.00
Officer Director
$0 $0 $0
PHILIP J BARTHOLOMEW TREASURER 1.00
Officer Director
$0 $0 $0
FRANK C PLUM JR TRUSTEE 1.00
Director
$0 $0 $0
DARLENE TRAPPIER TRUSTEE 1.00
Director
$0 $0 $0
GEORGIA DENNIS TRUSTEE 1.00
Director
$0 $0 $0
MARIA SIEGEL TRUSTEE 1.00
Director
$0 $0 $0
KIM ANDREOLA TRUSTEE 1.00
Director
$0 $0 $0
DESIREE MARTINS TRUSTEE 1.00
Director
$0 $0 $0
JANET KOTSAKIS CPO 40.00
Officer
$101,722 $12,848 $114,570
FREDERICK C WASIAK CEO 40.00
Officer
$228,304 $7,259 $235,563
CHARLIE HOSIER COO 40.00
Officer
$145,308 $9,204 $154,512
LAVINIA AWOSANYA CDO 40.00
Officer
$148,317 $4,705 $153,022
KATHLEEN HORTON CFO 40.00
Officer
$131,367 $13,802 $145,169
GREGORY LODER DIRECTOR OF MARKETING & ADVOCACY 40.00
Highest
$102,000 $12,749 $114,749
KIMBERLY HILL SENIOR DIRECTOR OF HEALTH AND WELLNESS 40.00
Highest
$101,954 $10,542 $112,496
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $50,520,817 $48,984,989 $26,047,335 $1,535,828
2023 $48,610,335 $44,336,489 $23,941,411 $4,273,846
2022 $36,941,915 $35,990,976 $22,110,202 $950,939
2021 $35,639,314 $33,015,491 $19,506,805 $2,623,823
2020 $42,494,630 $35,328,296 $17,873,816 $7,166,334
2019 $24,479,782 $23,549,391 $8,806,045 $930,391
2018 $18,288,330 $17,805,555 $8,152,318 $482,775
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