Overview
What is Banco De Alimentos Puerto Rico Inc?
Banco de Alimentos Puerto Rico Inc is a Puerto Rican nonprofit organization dedicated to reducing hunger through food distribution and related programs. Their primary focus is on providing food and essential goods to families in need. With a team of 27 employees, they work tirelessly to eradicate food scarcity and ensure that no one goes hungry. Their mission encompasses not only offering food but also implementing educational programs to address the root causes of hunger. Throughout the year, the organization's resources are entirely allocated to these efforts, with no significant other programs mentioned.
Official website here: www.alimentospr.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Banco De Alimentos Puerto Rico Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong focus on accountability and financial management. The organization excels in various metrics, particularly with a perfect score in areas such as board independence and financial oversight. Their program expense ratio is notably high, indicating that a significant portion of their resources is directed toward their charitable programs.
The organization benefits from a fully independent board and has robust policies in place, including conflict of interest and whistleblower policies. These factors contribute to a transparent operational structure. Furthermore, there have been no reported issues regarding material diversion of assets, showcasing the integrity of their financial practices.
However, the organization does face challenges in fundraising efficiency, receiving a lower score in this category. This could suggest that while the charity is effective in program delivery, it may need to enhance its fundraising strategies to ensure long-term sustainability and growth. Overall, Banco De Alimentos Puerto Rico Inc demonstrates a strong commitment to its mission with solid governance and financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Banco De Alimentos Puerto Rico Inc legitimate?
Banco De Alimentos Puerto Rico Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Banco De Alimentos Puerto Rico Inc 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: $291,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.alimentospr.com
What is the mission statement of Banco De Alimentos Puerto Rico Inc?
Banco De Alimentos Puerto Rico Inc is dedicated to reducing hunger through food distribution and related programs and education. Their primary focus is on providing essential supplies to families in need and working towards the elimination of hunger. The organization's efforts are entirely committed to this cause, with 100% of resources directed towards food distribution throughout the year. No other significant programs were mentioned in the given data, as the organization's main strength lies in addressing food insecurity.
Official website here: www.alimentospr.com
What is the revenue of Banco De Alimentos Puerto Rico Inc?
Banco De Alimentos Puerto Rico Inc's revenue in 2024 was $46,729,851.
Official website here: www.alimentospr.com
Who are the executives of Banco De Alimentos Puerto Rico Inc and what are their salaries?
The average compensation at Banco De Alimentos Puerto Rico Inc during 2024 was $10,406. There are 28 employees and 3539 volunteers at Banco De Alimentos Puerto Rico Inc.
Here are 17 key members and their salaries:
- Compensation: $95,077
- Related: $0
- Other: $0
- Compensation: $55,035
- Related: $0
- Other: $0
- Compensation: $53,715
- Related: $0
- Other: $0
- Compensation: $45,563
- Related: $0
- Other: $0
- Compensation: $41,976
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.alimentospr.com
Where can I find the form 990 for Banco De Alimentos Puerto Rico Inc?
Banco De Alimentos Puerto Rico Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.alimentospr.com
Learn more at the official website: www.alimentospr.com
Mission Statement of Banco De Alimentos Puerto Rico Inc
Banco De Alimentos Puerto Rico Inc, a dedicated organization, strives to alleviate hunger through the distribution of food and the implementation of food programs and education. The mission of this nonprofit is clear: to reduce hunger in communities.
The heart of Banco De Alimentos Puerto Rico Inc's work lies in its relentless efforts to provide food and essential goods to families in need. Throughout the year, the organization pours all its energy into this cause, ensuring a constant supply of provisions to those who lack access to adequate nutrition. The organization's unwavering commitment to eradicating hunger sets it apart, as 100% of its efforts are geared towards this vital goal.
Banco De Alimentos Puerto Rico Inc's mission extends beyond simple food distribution. The organization recognizes the importance of education in addressing the root causes of hunger and poverty. By incorporating food programs and educational initiatives into its work, the nonprofit aims to promote long-term sustainability and improve the lives of those it serves.
In essence, Banco De Alimentos Puerto Rico Inc is a beacon of hope for individuals and families facing food insecurity. Through its unwavering dedication to reducing hunger and its innovative approach to addressing the issue, the organization has become a vital resource in its community. Its mission remains steadfast, as it continues to provide essential resources and support to those in need, working towards a future where hunger is a thing of the past.
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Impact
October, 2024
Banco De Alimentos Puerto Rico Inc plays a crucial role in combating hunger in the region by providing consistent food distribution and support to families in need. By focusing its efforts entirely on reducing hunger, the organization ensures that food and other essential goods reach those facing food insecurity. Through its dedicated programs, it not only delivers vital resources but also engages in educational initiatives aimed at raising awareness about hunger and effective food usage. The relentless commitment to eradicating hunger means that all operations are centered around meeting the immediate needs of the community, thereby making a significant impact on the lives of many individuals and families throughout Puerto Rico.
This information is meant to be a general summary of Banco De Alimentos Puerto Rico Inc. 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 2024.
- Investment Income: $41,704
- Gross Receipts: $46,729,851
Assets and Liabilities:
- Total Assets: $18,563,996
- Total Liabilities: $7,086,530
- Net Assets: $11,477,466
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Organization Details
Founding Year
1988
Principal Officer
Maria J Laborde Carlo
Website
www.alimentospr.comNTEE Category
Code: K30Z - Food
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