Overview
What is Virginia Peninsula Foodbank?
The Virginia Peninsula Foodbank, established in 1986, is a nonprofit organization based in Hampton, Virginia. With a team of 46 dedicated individuals, they have distributed approximately 236 million pounds of food, benefiting the needy and food insecure across the Greater Virginia Peninsula. This equates to over $361 million worth of food at a wholesale value. During the 2021-2022 fiscal year, they distributed nearly 8.8 million pounds of food throughout their nine-jurisdiction service area, which includes Hampton, Newport News, Poquoson, and Williamsburg, as well as the counties of Gloucester, James City, Mathews, Surry, and York. The Virginia Peninsula Foodbank functions as a regional clearinghouse for donated and purchased food and related items. They acquire surpluses and potentially recoverable discards from local retailers, wholesalers, distributors, food industry manufacturers, brokers, grocery stores, gleaning projects, and individual donors. Additionally, they receive food from national donors through Feeding America. First-quality food items are obtained from the USDA through the TEFAP and CSFP programs, collected in food drives, and purchased with FEMA and private grant funding. The Foodbank then distributes these goods to emergency food pantries, soup kitchens, shelters, and other nonprofit agencies, providing food to over 140 nonprofit member agencies. Their mission is to distribute food effectively through collaborative efforts that minimize hunger, promote nutrition, and encourage self-reliance through education. They provide almost 8.8 million meals to children, families, seniors, and veterans in their community.
Official website here: www.hrfoodbank.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 99% (Four-Star out of Four Star rating)
The Virginia Peninsula Foodbank has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance, impact and measurement, and leadership. With a perfect score in several key areas, including a program expense ratio of 95.36% and a fundraising efficiency ratio of $0.03, the organization demonstrates its commitment to effectively utilizing resources to combat food insecurity in its community.
The Foodbank's operational effectiveness is further highlighted by its capability to distribute nearly 10.9 million pounds of food, translating to around 9.1 million meals for those in need. An independent board of 17 members ensures diverse perspectives and oversight, contributing to the organization’s sound governance practices. Additionally, the strategic implementation of policies for conflict of interest, whistleblower protections, and document retention signifies a robust infrastructure.
While the organization showcases exceptional fiscal health with a liabilities to assets ratio of just 6.01%, it maintains a working capital ratio of 1.11 years, indicating financial stability. Overall, the Virginia Peninsula Foodbank stands out as a well-managed nonprofit that effectively addresses food scarcity while maintaining transparency and accountability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Peninsula Foodbank legitimate?
Virginia Peninsula Foodbank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Peninsula Foodbank 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: $225,655
Professional Fundraising Fees: $187,237
Other Salaries and Wages: $1,372,000
For more financial information, click here
Official website here: www.hrfoodbank.org
What is the mission statement of Virginia Peninsula Foodbank?
The Virginia Peninsula Foodbank plays a crucial role in addressing food insecurity within its community. Through various programs, it distributes nearly 8.8 million pounds of food to children, families, seniors, and veterans, providing them with essential meals. The mission of the foodbank is to distribute food effectively and minimize hunger, promoting nutrition and encouraging self-reliance through education. It achieves this by serving as a regional clearinghouse for donated and purchased food, as well as related items. These goods are distributed to qualified nonprofit organizations, providing food to those in need. The foodbank sources its supplies from local and national donors, including surpluses and potentially recoverable discards from retailers, wholesalers, distributors, food industry manufacturers, brokers, grocery stores, gleaning projects, and individual donors. In FY 2021-2022, the foodbank provided food to over 140 nonprofit member agencies.
Official website here: www.hrfoodbank.org
Who is the CEO of Virginia Peninsula Foodbank?
Karen Joyner is the President of Virginia Peninsula Foodbank. The CEO's salary of Virginia Peninsula Foodbank is $130,460 and their total compensation is $145,150.
Official website here: www.hrfoodbank.org
What is the revenue of Virginia Peninsula Foodbank?
Virginia Peninsula Foodbank's revenue in 2022 was $19,403,587.
Official website here: www.hrfoodbank.org
Who are the executives of Virginia Peninsula Foodbank and what are their salaries?
The average compensation at Virginia Peninsula Foodbank during 2022 was $34,732. There are 46 employees and 6500 volunteers at Virginia Peninsula Foodbank.
Here are 18 key members and their salaries (Virginia Peninsula Foodbank's CEO's salary is $130,460 and their total compensation is $145,150):
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- Other: $9,598
Official website here: www.hrfoodbank.org
Where can I find the form 990 for Virginia Peninsula Foodbank?
Virginia Peninsula Foodbank's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hrfoodbank.org
Learn more at the official website: www.hrfoodbank.org
Mission Statement of Virginia Peninsula Foodbank
Virginia Peninsula Foodbank, a vital nonprofit organization, strives to minimize hunger and promote nutrition in its community by effectively distributing food. Over the past 36 years, this mission has resulted in almost 236 million pounds of food distributed, providing over $361 million worth of nourishment to those in need.
The Foodbank's role as a regional clearinghouse is crucial in its efforts to fight hunger. It acquires surplus and potentially recoverable discards from various sources, including local retailers, wholesalers, manufacturers, and individual donors. Food is also procured through programs such as the USDA's Emergency Food Assistance Program (TEFAP) and the Commodity Supplemental Food Program (CSFP), as well as food drives and private grants.
Once acquired, the Foodbank distributes these goods to qualified nonprofit organizations throughout its service area. These organizations include emergency food pantries, soup kitchens, shelters, and other agencies that assist residents in need each day. In the 2021-2022 fiscal year alone, the Foodbank provided food to over 140 such agencies. Through these collaborative efforts, the Foodbank successfully minimizes hunger and encourages self-reliance among the less fortunate members of its community.
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Impact
October, 2024
Virginia Peninsula Foodbank addresses food insecurity in its community by providing nearly 8.8 million meals annually to children, families, seniors, and veterans. Over its 36 years of operation, it has distributed almost 236 million pounds of food—equivalent to approximately $361 million in value—utilizing a network that includes local retailers, wholesalers, and individual donors.
The foodbank serves as a regional hub, acquiring surplus and potentially recoverable food from various sources and redistributing it to over 140 member agencies, including emergency food pantries, soup kitchens, and shelters. This collaborative distribution network ensures that vulnerable residents across the Greater Virginia Peninsula, encompassing cities like Hampton and Newport News and several surrounding counties, have access to essential food resources. In addition to alleviating hunger, the foodbank promotes nutrition and self-reliance through education and support for those in need.
This information is meant to be a general summary of Virginia Peninsula Foodbank. 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: $308,643
- Program Service Revenue: $677,012
- Gross Receipts: $20,455,755
Assets and Liabilities:
- Total Assets: $23,871,273
- Total Liabilities: $1,888,169
- Net Assets: $21,983,104
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARED MAINTENANCE FEE
Revenue
$677,012
Organization Details
Founding Year
1987
Phone
(757) 596-7188Principal Officer
Karen Joyner
Main Address
2401 ALUMINUM AVENUE, HAMPTON, VA, 23661
Website
www.hrfoodbank.orgNTEE Category
Code: K31Z - Food
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