The Food Bank Network of Somerset logo

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

North Branch

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$3M$4M$6M20202021202220232024
Metric202420232022
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

$0$3K$5K$8K$10K1 grants20200 grants20210 grants20220 grants20230 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

1 grants across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

STEVE KATZEXECUTIVE DIRECTOR$110K

From 2024 filing

NameTitleHoursCompensation
GORDON S WHITE IIIPRESIDENT5
SUMITA SAINITREASURER5
CRESS DOMINICSECRETARY2
BRYAN WATKINSONMEMBER-AT-LARGE2
CHRIS YENMEMBER-AT-LARGE2
SHEILA LABREWMEMBER-AT-LARGE2
MIKE MAHONEYMEMBER-AT-LARGE2
STEVE KATZEXECUTIVE DIRECTOR40$110,240

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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