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Franklin Township Food Bank

Also Known As: FTFB

60 Millstone Rd. PO Box 333
Somerset, NJ 08875

www.franklinfoodbank.org

Mission and Programs

Mission

The FTFB, founded in 1975, was started by members of the Somerset Ministerium to meet the food needs of residents during the winter months. The agency has expanded its service to operate five days/week for 12 months of the year.

Programs

The main program provides free emergency food, including USDA Commodities, to eligible residents. A secondary program, Working Wardrobe, provides free job-appropriate clothing to area residents in search of employment. It also provides other kinds of clothing from donations it receives.

Additional Comments from the Organization

The Food Bank is an affiliated agency of the United Way of Somerset County. It is a popular charity and receives monetary and in-kind donations from many local residents, businesses, institutions, and houses of worship.

Who We Are

The FTFB provides emergency food and clothing, including USDA commodities, to residents of Franklin Township, Somerset County, NJ, and vicinity.

NTEE Code

Goals and Results


Accomplishments for Fiscal Year Ending December 31, 2006

  1. Provided over 4,300 packages of emergency food to more than 850 families in FY 2005-06.
  2. Provided job-appropriate clothing to nearly 100 clients to help them secure employment.
  3. Acquired new shelving and refrigeration & freezer units and computers to expand its service capacity with Community Development Block Grant funds.

Objectives for Fiscal Year Beginning January 1, 2007

  1. Considering participating in new NJ State Food Purchase Program with other area emergency food providers to expand its services to clients.
  2. Considering detailed analysis of client data to determine the possibility of broadening its services to clients either directly or through partnerships with other service providers.

Self Assessment

At present the Food Bank measures its effectiveness in terms of its ability to provide prompt service to its clients. It expects to explore the possibility of engaging its clients more actively in the process of personal and family self-development.

Chief Executive Profile

Mr. Dax has been working with community- and faith-based not-for-profit organizations in New Jersey and New York for more than ten years, before which he did housing and community development work for both the State and the City of New York for 18 years. He also worked in the field of regional planning for seven years in upstate New York. In addition Mr. Dax was a charter member and the first president of the board of directors of the Capital District Habitat for Humanity in Albany, NY, serving for over three years. He has been active in the Presbyterian Church (USA), serving in several capacities, and has certification as a lay pastor with the denomination.

Financial Data

Revenues and Expenses: Fiscal Year Ending August 31, 2008

Revenue
Contributions $1,042,923
Government Grants $53,299
Program Services $0
Investments $8,258
Special Events $21,887
Sales $0
Other $0
Total Revenue $1,126,367
Expenses
Program Services $1,088,227
Administration $37,010
Other $0
Total Expenditures $1,125,237
Net Gain/Loss $1,130

Balance Sheet: Fiscal Year Ending August 31, 2008

Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

  September 1, 2007 August 31, 2008 Change
Assets      
Cash & Equivalent $230,799 $217,712 ($13,087)
Accounts Receivable $0 $0 $0
Pledges & Grants Receivable $6,564 $11,130 $4,566
Receivables/Other $0 $0 $0
Inventories for Sale or Use $0 $0 $0
Investments/Securities $0 $0 $0
Investments/Other $0 $0 $0
Fixed Assets $704,691 $681,356 ($23,335)
Other $1,250 $6,978 $5,728
Total Assets $943,304 $917,176 ($26,128)
Liabilities      
Accounts Payable $6,030 $8,325 $2,295
Grants Payable $0 $0 $0
Deferred Revenue $0 $0 $0
Loans and Notes $0 $0 $0
Tax-Exempt Bond Liabilities $0 $0 $0
Other $281,438 $251,885 ($29,553)
Total Liabilities $287,468 $260,210 ($27,258)
Fund Balance $655,836 $656,966 $1,130

Basic Information