The Food Bank Network of Somerset

BOUND BROOK, NJ EIN: 22-2405550 Website

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.2M

+13.0% YoY

Revenue

$5.2M

+15.7% YoY

Net Investment Income

$146K

-1.9% YoY

Expenses

$4.9M

+11.7% YoY

About The Food Bank Network of Somerset

Based on IRS filings

The Food Bank Network of Somerset is a nonprofit organization focused on Food, Agriculture & Nutrition, based in BOUND BROOK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. Net investment income was $146K.

Focus Areas

Food, Agriculture & Nutrition

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $10K (100%)

States

New Jersey

Cities

North Branch

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,160,726	$2,796,781	$2,587,947
Revenue	$5,239,262	$4,530,221	$2,914,417
Expenses	$4,865,434	$4,356,373	$3,067,638
Qualifying Distributions	—	—	—
Net Investment Income	$146,365	$149,137	$-132,859
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GORDON S WHITE III	PRESIDENT	5	—
SUMITA SAINI	TREASURER	5	—
CRESS DOMINIC	SECRETARY	2	—
BRYAN WATKINSON	MEMBER-AT-LARGE	2	—
CHRIS YEN	MEMBER-AT-LARGE	2	—
SHEILA LABREW	MEMBER-AT-LARGE	2	—
MIKE MAHONEY	MEMBER-AT-LARGE	2	—
STEVE KATZ	EXECUTIVE DIRECTOR	40	$110,240

Subject Areas

Focus areas based on grantmaking activity

Food, Agriculture & Nutrition

Frequently Asked Questions

What is The Food Bank Network of Somerset?

The Food Bank Network of Somerset is a nonprofit organization focused on Food, Agriculture & Nutrition, based in BOUND BROOK, NJ. It holds $3.2M in total assets as of 2024.

How large is The Food Bank Network of Somerset?

As of 2024, The Food Bank Network of Somerset holds $3.2M in total assets with $5.2M in annual revenue.

Where does The Food Bank Network of Somerset operate?

The Food Bank Network of Somerset has awarded grants in New Jersey.

What is The Food Bank Network of Somerset's EIN?

The Food Bank Network of Somerset's EIN (Employer Identification Number) is 22-2405550. IRS Form 990 filing data is available on this page for 2020–2024.