PLATINUM2024

Community Food Bank of Citrus County

End Hunger, Nourish Hope

aka Community Food Bank   |   Homosassa, FL   |  feed352.org
GuideStar Charity Check

Community Food Bank of Citrus County

EIN: 80-0459100


Mission

THE MISSION OF THE COMMUNITY FOOD BANK IS TO BE THE DRIVING FORCE TO PROMOTE AWARENESS, INSPIRE INVOLVEMENT, AND TO END HUNGER.

Ruling year info

2009

President

Steve Ponticos

CEO/Executive Director

Barbara Sprague

Main address

5259 W. Cardinal Street

Homosassa, FL 34446 USA

Show more contact info

EIN

80-0459100

Subject area info

Human services

Food aid

Food banks

Population served info

Economically disadvantaged people

Homeless people

Low-income people

NTEE code info

(Human Service Organizations) (P20)

Food Banks, Food Pantries (K31)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

We fight hunger in our community. over 70,000 residents in our county live at or below the poverty level. 72% of school age children are on free and reduced lunch programs, but go hungry after school and during the Summer. We supply food and supplies to over 60 pantries, shelters, soup kitchens, and social service agencies to increase the availability of resources.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Food Distribution

Our Food and supply distribution programming distributes over 4 million pounds of critical supplies to over 60 local agencies to fight hunger in our community.

Population(s) Served
Economically disadvantaged people
Homeless people

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total pounds of food rescued

This metric is no longer tracked.
Totals By Year
Population(s) Served

Economically disadvantaged people

Related Program

Food Distribution

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Pounds of produce distributed

This metric is no longer tracked.
Totals By Year
Population(s) Served

At-risk youth, Economically disadvantaged people

Related Program

Food Distribution

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our goal is to alleviate hunger and aid in the elevation of individuals and families from poverty. We work to strategically supply food to our entire area with a focus on the most at risk.
-We are working to cover our entire region with accessible resources.
-We hope to foster a collaborative environment for all of our partners to work in.
-We strive to elevate the nutritional content of diets of persons with food insecurity with fresh, low fat, low sodium options.

By organizing our agency approvals by areas of need and helping them to grow we are expanding the reach we have.

We are able to purchase, transport and organize food on a commercial level, thus ensuring free or very low cost availability to the agencies. We have commercial refrigerated trucks and warehousing as well as processors who are able to rescue salvage product for redistribution.

Since 2013 we have supplied 26million pounds of nutritious food to the community. Every year 3 million pounds of supplies are distributed to assist those people facing food insecurity. We currently serve 70,000 people through our partners, but are looking to be a resource for all 120,000 as determined by the ALICE Report.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback, Staff find it hard to prioritize feedback collection and review due to lack of time

Financials

Community Food Bank of Citrus County
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

2.16

Average of 6.46 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

6.8

Average of 6.7 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

7%

Average of 9% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Community Food Bank of Citrus County

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Community Food Bank of Citrus County

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

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 survive long, but the types of assets and liabilities must also 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.

Fiscal year ending: cloud_download Download Data

Community Food Bank of Citrus County

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Community Food Bank of Citrus County’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $120,355 $43,977 $340,332 $185,140 $152,187
As % of expenses 14.4% 5.2% 35.6% 16.2% 11.0%
Unrestricted surplus (deficit) after depreciation $86,813 $11,497 $306,072 $145,832 $95,394
As % of expenses 10.0% 1.3% 30.9% 12.3% 6.6%
Revenue composition info
Total revenue (unrestricted & restricted) $958,333 $884,750 $1,292,229 $1,316,457 $1,556,598
Total revenue, % change over prior year 3.0% -7.7% 46.1% 1.9% 18.2%
Program services revenue 58.5% 60.1% 44.0% 53.8% 70.9%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.2% 0.5% 0.3% 0.1% 0.1%
Government grants 0.0% 0.0% 0.0% 10.7% 0.0%
All other grants and contributions 41.7% 39.4% 58.5% 35.4% 29.0%
Other revenue -0.4% 0.0% -2.8% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $837,978 $840,773 $957,127 $1,141,596 $1,389,275
Total expenses, % change over prior year 4.2% 0.3% 13.8% 19.3% 21.7%
Personnel 29.3% 27.3% 30.1% 30.2% 26.5%
Professional fees 3.1% 3.8% 3.5% 2.1% 1.5%
Occupancy 3.0% 6.1% 2.6% 1.9% 1.8%
Interest 0.0% 0.0% 0.2% 0.1% 0.5%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 64.6% 62.8% 63.5% 65.7% 69.8%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $871,520 $873,253 $991,387 $1,180,904 $1,446,068
One month of savings $69,832 $70,064 $79,761 $95,133 $115,773
Debt principal payment $0 $0 $0 $97,157 $0
Fixed asset additions $0 $0 $67,939 $148,916 $478,917
Total full costs (estimated) $941,352 $943,317 $1,139,087 $1,522,110 $2,040,758

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 7.4 7.6 10.4 8.2 6.8
Months of cash and investments 7.4 7.6 11.5 8.8 6.8
Months of estimated liquid unrestricted net assets 7.2 7.8 11.5 9.0 4.6
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $520,093 $529,502 $832,899 $783,899 $783,871
Investments $0 $0 $82,006 $51,974 $0
Receivables $2,339 $16,139 $3,348 $19,555 $47,848
Gross land, buildings, equipment (LBE) $422,564 $422,564 $451,338 $600,254 $1,079,171
Accumulated depreciation (as a % of LBE) 31.4% 39.1% 35.5% 33.2% 23.6%
Liabilities (as a % of assets) 7.8% 4.8% 11.5% 5.7% 22.1%
Unrestricted net assets $794,154 $805,651 $1,111,723 $1,257,555 $1,354,137
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $794,154 $805,651 $1,111,723 $1,257,555 $1,354,137

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President

Steve Ponticos

CEO/Executive Director

Barbara Sprague

Barbara Sprague is the Executive Director of the Community Food Bank of Citrus County. Prior to taking this position in late August, Ms. Sprague served as Executive Director of the Florida State Massage Therapy Association and the Humane Society of the Nature Coast in Brooksville. She has regional retail management experience in Fine Jewelry, owned two restaurants in Chicago and operated her own consulting firm. Ms. Sprague has a long history of non- and for-profit management, with a focus on turnaround and startups, but is happy to be in a position that’s more long-ranged focused. Barbara has 4 rescue dogs including a sign language trained deaf American Bulldog and a 21 year young Basset Hound mix. She enjoys practicing yoga, kayaking and volunteering. Currently, the community food bank distributes three million pounds of free or low-cost food to 50 local agencies that in turn distribute it dire

Number of employees

Source: IRS Form 990

Community Food Bank of Citrus County

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Community Food Bank of Citrus County

Board of directors
as of 01/18/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Steve Ponticos

Sweetwater Homes

Term: 2011 - 2024


Board co-chair

Cynthia Lopell

CL22 Productions

Term: 2022 - 2025

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 8/18/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 05/27/2020

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.