Overview
What is Regional Food Bank Of Oklahoma Inc?
The Regional Food Bank of Oklahoma Inc, located in Oklahoma City, Oklahoma, is a prominent nonprofit organization dedicated to addressing hunger in central and western Oklahoma. With a team of 206 employees, they solicit and receive food items from local, regional, and national food companies, and distribute these resources to charitable food programs in their service area. Their mission extends beyond mere food distribution; they also strive to establish and grow relationships within communities to tackle the root causes of hunger in the region. The organization has distributed over 48 million pounds of food to partner agencies in 53 counties, providing vital nourishment to chronically hungry children, seniors, and hardworking families.
Official website here: www.regionalfoodbank.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99%, Four-Star out of Four Star rating.
The Regional Food Bank of Oklahoma Inc has achieved an impressive score of 99%, reflecting its strong performance in accountability and finance, impact measurement, and leadership adaptability. With a program expense ratio of 96.23%, the organization demonstrates a commitment to efficiently using funds for its mission of alleviating hunger across 53 counties in central and western Oklahoma. The low cost per meal, significantly lower than the local meal cost, highlights its effectiveness in addressing food insecurity.
User feedback indicates that the organization has robust policies in place, including conflict of interest and whistleblower protections, which enhance transparency and trust. Furthermore, the Regional Food Bank actively gathers feedback from those it serves, allowing for continuous improvement in its programs and services. This responsiveness contributes positively to its community engagement and overall mission.
Despite its strengths, the working capital ratio of 0.27 years suggests potential liquidity concerns, which could impact its operational flexibility in the long term. However, the organization's strong financial ratios and community focus position it as a vital resource for those in need within its service area.
This AI summary has been generated from information found on Charity Navigator.
Is Regional Food Bank Of Oklahoma Inc legitimate?
Regional Food Bank Of Oklahoma Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regional Food Bank Of Oklahoma 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: $861,117
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,518,900
For more financial information, click here
Official website here: www.regionalfoodbank.org
What is the mission statement of Regional Food Bank Of Oklahoma Inc?
The Regional Food Bank of Oklahoma plays a crucial role in combating hunger in Central and Western Oklahoma. Its mission is to spearhead a network that supplies nutritious food and offers pathways to self-sufficiency for individuals experiencing hunger. Last year, the food bank distributed approximately 48 million pounds of food to partner agencies in 53 counties. With Oklahoma being one of the hungriest states in the nation, the majority of those served are children, seniors on limited incomes, and hardworking families. The organization establishes and strengthens relationships within communities and organizations to address the root causes of hunger in the region.
Official website here: www.regionalfoodbank.org
Who is the CEO of Regional Food Bank Of Oklahoma Inc?
Stacy Dykstra is the Chair/Director of Regional Food Bank Of Oklahoma Inc. The CEO's salary of Regional Food Bank Of Oklahoma Inc is $189,279 and their total compensation is $204,223.
Official website here: www.regionalfoodbank.org
What is the revenue of Regional Food Bank Of Oklahoma Inc?
Regional Food Bank Of Oklahoma Inc's revenue in 2022 was $85,662,461.
Official website here: www.regionalfoodbank.org
Who are the executives of Regional Food Bank Of Oklahoma Inc and what are their salaries?
The average compensation at Regional Food Bank Of Oklahoma Inc during 2022 was $35,825. There are 206 employees and 18700 volunteers at Regional Food Bank Of Oklahoma Inc.
Here are 38 key members and their salaries (Regional Food Bank Of Oklahoma Inc's CEO's salary is $189,279 and their total compensation is $204,223):
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Official website here: www.regionalfoodbank.org
Where can I find the form 990 for Regional Food Bank Of Oklahoma Inc?
Regional Food Bank Of Oklahoma Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.regionalfoodbank.org
Learn more at the official website: www.regionalfoodbank.org
Mission Statement of Regional Food Bank Of Oklahoma Inc
The Regional Food Bank of Oklahoma, a leading organization in the fight against hunger, works tirelessly to collect and distribute nutritious food to those in need across central and western Oklahoma. With a mission to establish and nurture relationships within communities, the Food Bank addresses the root causes of hunger and strives to provide pathways to self-sufficiency for those facing food insecurity.
In operation for over 48 million pounds of food distribution to partner agencies in 53 counties, the Regional Food Bank of Oklahoma plays a crucial role in addressing hunger in the fifth hungriest state in the nation. The organization reaches out to chronically hungry children, seniors living on limited incomes, and hardworking families who are struggling to make ends meet. By collecting food donations from local, regional, and national food companies, the Food Bank ensures that these essential resources reach those who need them most.
The Regional Food Bank of Oklahoma is more than just a food distributor; it is a network that empowers individuals and families to take steps towards self-sufficiency. Through its efforts, the organization not only provides nutritious food but also works to address the underlying causes of hunger in Oklahoma. The Food Bank's commitment to nurturing relationships with communities and organizations is paving the way for a brighter future for those facing food insecurity in the region.
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Impact
October, 2024
The Regional Food Bank of Oklahoma Inc addresses hunger by distributing over 48 million pounds of food to partner agencies in 53 counties across central and western Oklahoma. This effort is essential in a state where food insecurity is prevalent, ranking as the fifth hungriest state in the nation. The organization plays a critical role in providing support to chronically hungry populations, including children, seniors on fixed incomes, and hardworking families struggling to make ends meet.
By soliciting and receiving food items from local, regional, and national food companies, the Regional Food Bank effectively channels these resources to those in need. Their commitment extends beyond immediate food distribution; they actively establish and grow relationships with communities and organizations to tackle the root causes of hunger. Through these collaborative efforts, they not only provide nutritious food but also work towards creating pathways to self-sufficiency, empowering individuals and families to overcome the challenges of food insecurity.
This information is meant to be a general summary of Regional Food Bank Of Oklahoma 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 2022.
- Investment Income: $24,291
- Program Service Revenue: $3,827,076
- Gross Receipts: $85,707,577
Assets and Liabilities:
- Total Assets: $30,763,959
- Total Liabilities: $2,347,869
- Net Assets: $28,416,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARE CONTRIBUTIONS
Revenue
$2,957,938
HANDLING FEES
Revenue
$625,098
DELIVERY FEES
Revenue
$244,040
Organization Details
Founding Year
1980
Phone
(405) 972-1111Principal Officer
Stacy Dykstra
Main Address
PO BOX 270968, OKLAHOMA CITY, OK, 731370968
Website
www.regionalfoodbank.orgNTEE Category
Code: K310 - Food
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