Overview
What is Rhode Island Community Food Bank Association?
The Rhode Island Community Food Bank Association is a crucial nonprofit organization based in Providence, RI, with a workforce of 78 dedicated individuals. Their mission is to enhance the quality of life for all Rhode Islanders by addressing the issue of hunger. In the fiscal year ending June 30, 2023, they distributed approximately 16.2 million pounds of food to their member agencies. Donations of non-perishable foods from supermarkets and the food industry have become more limited due to improved efficiencies and supply chain issues. However, their Retail Rescue Program remains strong, with 1.78 million pounds of donated perishable food items from grocery stores and supermarkets. The Food Bank also receives donated fresh produce from growers and wholesalers. During the year, donated food accounted for around 31% of their food supply, while USDA commodities contributed approximately 26%. The Food Bank purchased nearly 43% of their food supply, with increased costs across all food categories, including meats, eggs, and rice. Despite higher purchasing costs, the Food Bank remains committed to procuring healthy staples, more fresh produce, and a variety of culturally relevant food products for their member agencies.
Official website here: www.rifoodbank.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99%, Four-Star out of Four Star rating.
The Rhode Island Community Food Bank Association has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization demonstrates a high program expense ratio of 89.08%, ensuring that the majority of funds are directed towards its mission. Additionally, the cost per meal is notably less than 75% of the local meal cost, showcasing effective resource management.
Strengths of the organization include a perfect score in impact and measurement, indicating that its programs are making a significant difference in the community. Furthermore, the board is composed entirely of independent members, which enhances governance and reduces potential conflicts of interest. The organization also has robust financial oversight practices, as evidenced by their audit committee scoring and absence of material diversion of assets.
However, there are areas for improvement, particularly in leadership and adaptability, where it scored lower compared to other metrics. This suggests potential challenges in strategic growth and outreach. Overall, the Rhode Island Community Food Bank Association is recognized for its effective management and positive community impact, though it may benefit from enhancing its leadership capabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Rhode Island Community Food Bank Association legitimate?
Rhode Island Community Food Bank Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rhode Island Community Food Bank Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $823,581
Professional Fundraising Fees: $53,750
Other Salaries and Wages: $3,718,269
For more financial information, click here
Official website here: www.rifoodbank.org
What is the mission statement of Rhode Island Community Food Bank Association?
The Rhode Island Community Food Bank Association strives to enhance the lives of all Rhode Islanders by addressing the issue of hunger and discovering effective solutions. Through their actions, they aim to improve the quality of life for the community. In the previous year, they distributed approximately 16.2 million pounds of food to their member agencies. Donations of non-perishable items from supermarkets and the food industry have become less frequent due to efficiency improvements and supply chain challenges. However, their Retail Rescue Program remains robust, with agencies receiving around 1.8 million pounds of donated perishable food items from grocers and supermarkets. The Food Bank also acquires donated fresh produce from growers and wholesalers. Donated food accounted for approximately 31% of their food supply during the year ended June 30, 2023. USDA commodity food receipts declined due to pandemic-era emergency funds ending. The Food Bank purchased approximately 43% of their food supply during the same period. The cost of food purchasing increased substantially across all categories, including meats, eggs, and rice. Despite the higher costs, the Food Bank remains dedicated to procuring healthy staples, more fresh produce, and a variety of culturally relevant food products for their member agencies.
Official website here: www.rifoodbank.org
Who is the CEO of Rhode Island Community Food Bank Association?
Andrew Schiff is the President of Rhode Island Community Food Bank Association. The CEO's salary of Rhode Island Community Food Bank Association is $235,326 and their total compensation is $260,062.
Official website here: www.rifoodbank.org
What is the revenue of Rhode Island Community Food Bank Association?
Rhode Island Community Food Bank Association's revenue in 2023 was $27,554,209.
Official website here: www.rifoodbank.org
Who are the executives of Rhode Island Community Food Bank Association and what are their salaries?
The average compensation at Rhode Island Community Food Bank Association during 2023 was $58,229. There are 78 employees and 1731 volunteers at Rhode Island Community Food Bank Association.
Here are 33 key members and their salaries (Rhode Island Community Food Bank Association's CEO's salary is $235,326 and their total compensation is $260,062):
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Official website here: www.rifoodbank.org
Where can I find the form 990 for Rhode Island Community Food Bank Association?
Rhode Island Community Food Bank Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rifoodbank.org
Learn more at the official website: www.rifoodbank.org
Mission Statement of Rhode Island Community Food Bank Association
The Rhode Island Community Food Bank Association, a renowned nonprofit organization, strives to enhance the quality of life for all Rhode Islanders by proposing and implementing solutions to the issue of hunger. Through its mission, the Food Bank advances these efforts and addresses the underlying problem head-on.
Approximately 16.2 million pounds of food were distributed by the Food Bank to its member agencies during the year ended June 30, 2023. Donations of non-perishable foods from supermarkets and the food industry have become more limited due to improved efficiencies and supply chain challenges. However, the Food Bank's Retail Rescue Program remains strong, with agencies receiving approximately 1,780,000 pounds of donated perishable food items from grocery stores and supermarkets. In addition, the Food Bank receives donated fresh produce from growers and wholesalers. Collectively, donated food accounted for approximately 31% of the Food Bank's food supply during this period.
USDA commodity food received through TEFAP (The Emergency Food Assistance Program) declined during the same time frame. Pandemic-era emergency funds to support farmers and the food industry have ended, and the Food Bank is already seeing TEFAP pounds return to much lower pre-pandemic levels. USDA commodities, including TEFAP and CSFP (Commodity Supplemental Food Program), made up approximately 26% of the Food Bank's food supply during the year ended June 30, 2023. The Food Bank purchased approximately 43% of its food supply during this period. Food acquisition costs for nearly all categories of food were more expensive compared to the prior year, with increases seen in meats, eggs, and rice. Despite the higher purchasing costs, the Food Bank remains dedicated to acquiring healthy staples, more fresh produce, and a variety of culturally relevant food products for its member agencies.
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Impact
October, 2024
The Rhode Island Community Food Bank Association plays a crucial role in addressing hunger and improving the quality of life for all Rhode Islanders. In the year ending June 30, 2023, it distributed approximately 16.2 million pounds of food to member agencies, significantly impacting food accessibility in the community. This distribution comprises a mix of donated non-perishable items, perishables from the Retail Rescue Program, and food purchased to ensure a diverse supply.
Despite facing challenges such as limited non-perishable food donations from supermarkets and declining USDA commodity food supplies, the Food Bank has adapted by leveraging strong partnerships with grocery stores and wholesalers to secure fresh produce and perishable items. Approximately 31% of its food supply came from donations, while 26% was sourced through USDA programs, reflecting a commitment to resilience and resourcefulness in the face of fluctuating availability.
The increasing cost of food acquisition has posed additional challenges, with prices rising for key items like meat and eggs. Nonetheless, the Food Bank remains dedicated to providing healthy staples and culturally relevant food products, purchasing about 43% of its supply to meet the community's needs effectively. Through these efforts, the Rhode Island Community Food Bank Association continues to make a significant and positive impact on hunger relief in the state, ensuring that vulnerable populations have access to nutritious food.
This information is meant to be a general summary of Rhode Island Community Food Bank Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: -$274,153
- Program Service Revenue: $182,682
- Gross Receipts: $34,575,386
Assets and Liabilities:
- Total Assets: $23,206,171
- Total Liabilities: $982,750
- Net Assets: $22,223,421
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COOPERATIVE BUYING
Revenue
$182,682
Organization Details
Founding Year
1981
Phone
(401) 942-6325Principal Officer
Andrew Schiff
Main Address
200 NIANTIC AVENUE, PROVIDENCE, RI, 02907
Website
www.rifoodbank.orgNTEE Category
Code: K31Z - Food
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