Overview
What is Tri-State Food Bank?
Tri-State Food Bank is a nonprofit organization headquartered at 2504 Lynch Road, Evansville, IN, 47711. Their primary mission is to collect and efficiently distribute surplus food items to non-profit agencies in Indiana, Illinois, and Kentucky, ensuring the food reaches those in need. The organization acts as a reliable conduit between donors and recipient organizations, upholding good storage practices, fair distribution, and accountability. Tri-State Food Bank monitors member agencies, provides them with assistance, and advocates for public awareness of hunger issues. They encourage responsible handling of donations, avoiding waste, and work to educate the public on the nature of hunger and potential solutions. With a team of 41 employees, they aim to bridge the gap between food surpluses and those in need.
Official website here: www.tristatefoodbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 99% - Four-Star out of Four Star Rating
Tri-State Food Bank has achieved an impressive Four-Star rating from Charity Navigator, with an overall score of 99%. This rating indicates a high level of trust and transparency, showcasing the nonprofit's strong accountability and financial management practices. The charity has demonstrated excellent governance with 100% of its board members being independent, ensuring unbiased decision-making.
In terms of financial health, Tri-State Food Bank scored exceptionally well on various metrics, particularly with a program expense ratio of 97.66%, reflecting that a significant majority of its funding is allocated directly to its mission. The organization's liabilities to assets ratio stands at a healthy 17.87%, reinforcing its financial stability. However, its fundraising efficiency is noted to be low, with a ratio of $0.01, which may suggest challenges in attracting donations relative to expenses.
Tri-State Food Bank excels in measuring its impact, receiving a perfect score for impact evaluation. Notably, the cost per meal provided is less than 75% of the local meal cost, highlighting its effectiveness in addressing food insecurity in the community. Overall, the charity exhibits robust operational practices and a commitment to maximizing the impact of its programs.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Tri-State Food Bank?
86% of 21 reviewers on Facebook recommend Tri-State Food Bank. Here is a summary of their reviews:
Many individuals express appreciation for the organization's commitment to supporting those in need. They highlight the great people involved and commend the work being done to assist the less fortunate in the Tri-State area. The positive endorsements reflect a strong sentiment towards the nonprofit's mission and effectiveness in making a difference in the community.
Overall, it's clear that Tri-State Food Bank is valued for its altruistic efforts, as many reviewers recognize the impact the organization has on the lives of those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Tri-State Food Bank legitimate?
Tri-State Food Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tri-State Food Bank 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: $98,920
Professional Fundraising Fees: $0
Other Salaries and Wages: $910,687
For more financial information, click here
Official website here: www.tristatefoodbank.org
What is the mission statement of Tri-State Food Bank?
The Tri-State Food Bank, Inc. collects, stores, and distributes donated and purchased food products to various not-for-profit organizations in Indiana, Illinois, and Kentucky. Their mission is to alleviate hunger by efficiently distributing marketable surplus food to agencies serving the needy in a 33-county area. They aim to ensure good warehousing practices, equitable distribution, and accountability to both the recipient organizations and those in need. Additionally, they monitor the member agencies and offer assistance in their programs. The Tri-State Food Bank also educates the public on the issue of hunger and encourages donors to responsibly manage their donations instead of discarding usable surplus food.
Official website here: www.tristatefoodbank.org
Who is the CEO of Tri-State Food Bank?
Glenn Roberts is the President of Tri-State Food Bank.
Official website here: www.tristatefoodbank.org
What is the revenue of Tri-State Food Bank?
Tri-State Food Bank's revenue in 2022 was $23,604,678.
Official website here: www.tristatefoodbank.org
Who are the executives of Tri-State Food Bank and what are their salaries?
The average compensation at Tri-State Food Bank during 2022 was $24,625. There are 41 employees and 1080 volunteers at Tri-State Food Bank.
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- Compensation: $98,920
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Official website here: www.tristatefoodbank.org
Where can I find the form 990 for Tri-State Food Bank?
Tri-State Food Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tristatefoodbank.org
Learn more at the official website: www.tristatefoodbank.org
Mission Statement of Tri-State Food Bank
Tri-State Food Bank, a prominent not-for-profit organization, works towards alleviating hunger in Indiana, Illinois, and Kentucky by collecting, storing, and distributing donated and purchased food products to other non-profit entities. The food bank serves as a trustworthy channel for donors to ensure their surplus food donations reach those in need through good warehousing practices, equitable distribution, and accountability.
Tri-State Food Bank's mission is to feed the hungry by acquiring and judiciously distributing marketable surplus food to non-profit agencies serving the needs of the underprivileged in a 33-county area. The organization takes pride in its role as a bridge connecting donors with member agencies, ensuring efficient and responsible handling of donations. The food bank's commitment extends beyond mere distribution, as it also monitors member agencies and offers assistance in various programs they sponsor. Additionally, Tri-State Food Bank endeavors to raise public awareness about the issues of hunger and the potential solutions. The organization encourages donors to practice good stewardship of donations by avoiding the dumping of usable surplus food and instead channeling it towards deserving recipients.
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Impact
October, 2024
Tri-State Food Bank significantly alleviates hunger in the tri-state area, serving a 33-county region across Indiana, Illinois, and Kentucky. By soliciting, warehousing, and distributing donated and purchased food, it effectively channels surplus food to various nonprofit agencies. This organized redistribution ensures that marketable surplus food reaches those in need, fostering a sense of community support and stewardship among donors.
The food bank not only provides essential resources but also plays a critical role in educating the public about hunger's realities and solutions. Through monitoring and assisting member agencies, Tri-State Food Bank helps strengthen community efforts to combat food insecurity. Their commitment to good warehousing practices and equitable distribution promotes accountability, ensuring that both donors and recipient agencies can trust the process.
In summary, Tri-State Food Bank acts as a vital lifeline for many in the region, creating a framework that addresses hunger while encouraging responsible food donation practices, ultimately enhancing the well-being of countless individuals and families.
This information is meant to be a general summary of Tri-State Food Bank. 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 2022.
- Investment Income: $47,560
- Program Service Revenue: $497,628
- Gross Receipts: $23,613,785
Assets and Liabilities:
- Total Assets: $11,766,941
- Total Liabilities: $2,011,546
- Net Assets: $9,755,395
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SMF PURCHASED PRODUCT
Revenue
$332,997
SHARED MAINTENANCE
Revenue
$71,874
BACK PACK PURCHASE PROGRAM
Revenue
$70,917
DELIVERY
Revenue
$21,840
Organization Details
Founding Year
1982
Phone
(812) 425-0775Principal Officer
Glenn Roberts
Main Address
2504 LYNCH ROAD, EVANSVILLE, IN, 47711
Website
www.tristatefoodbank.orgNTEE Category
Code: K31 - Food
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