Overview
What is Central Texas Food Bank Inc?
Central Texas Food Bank Inc, located at Metropolis Drive in Austin, Texas, is a nonprofit organization dedicated to addressing food insecurity within the community. With 218 employees, the Food Bank distributes a substantial amount of food, having provided over 48 million pounds in FY22. Their mission is to provide essential nourishment to those in need, including infants, the elderly, low-income individuals, and the ill. Through partnerships with human services agencies, they distribute food free of charge to assist food-insecure individuals and families. Central Texas Food Bank's commitment extends beyond food distribution, as they lead the community in the fight against hunger.
Official website here: www.centraltexasfoodbank.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%
Central Texas Food Bank Inc has received an exemplary rating of 100% from Charity Navigator, indicating exceptional performance in accountability and financial health. The organization boasts a strong program expense ratio and independent governance, with a fully independent board and robust financial oversight measures. These factors underline its commitment to transparency and effective resource management.
However, user reviews present mixed sentiments. Some individuals have expressed concerns regarding the distribution practices, noting instances where individuals with seemingly ample resources were observed receiving food assistance. Such observations have raised questions about the efficacy of the organization's outreach and distribution methods, suggesting a need for improved regulation to ensure aid reaches those in genuine need.
Additionally, while many acknowledge the valuable services the food bank provides to the community, concerns have been raised about the compensation of leadership, specifically the executive salaries. Feedback suggests that aligning executive compensation with the charitable philosophy could enhance public trust and donor confidence. Overall, while the Central Texas Food Bank demonstrates strong operational metrics, community perceptions highlight areas for potential improvement in equity and governance practices.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Central Texas Food Bank Inc legitimate?
Central Texas Food Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Texas Food Bank 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: $1,207,245
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,203,534
For more financial information, click here
Official website here: www.centraltexasfoodbank.org
What is the mission statement of Central Texas Food Bank Inc?
The Central Texas Food Bank Inc is dedicated to addressing food insecurity in the community by distributing food to human services agencies. These agencies assist individuals in need, including infants, the elderly, and the ill. The food bank's mission is to nourish hungry people and spearhead the community's efforts in combating hunger. In the previous fiscal year (FY 22), they distributed over 48 million pounds of food to those in need.
Official website here: www.centraltexasfoodbank.org
Who is the CEO of Central Texas Food Bank Inc?
Sari Vatske is the Treasurer of Central Texas Food Bank Inc. The CEO's salary of Central Texas Food Bank Inc is $0 and their total compensation is $0.
Official website here: www.centraltexasfoodbank.org
What is the revenue of Central Texas Food Bank Inc?
Central Texas Food Bank Inc's revenue in 2022 was $114,393,673.
Official website here: www.centraltexasfoodbank.org
Who are the executives of Central Texas Food Bank Inc and what are their salaries?
The average compensation at Central Texas Food Bank Inc during 2022 was $43,169. There are 218 employees and 10950 volunteers at Central Texas Food Bank Inc.
Here are 25 key members and their salaries (Central Texas Food Bank Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $263,082
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- Compensation: $133,099
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- Compensation: $153,153
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- Compensation: $127,202
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- Compensation: $134,179
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- Other: $16,493
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Official website here: www.centraltexasfoodbank.org
Where can I find the form 990 for Central Texas Food Bank Inc?
Central Texas Food Bank Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centraltexasfoodbank.org
Learn more at the official website: www.centraltexasfoodbank.org
Mission Statement of Central Texas Food Bank Inc
Central Texas Food Bank Inc, a key player in the community, is dedicated to combating hunger by supplying food to human services agencies. These organizations, in turn, assist individuals and families grappling with food insecurity, including infants, the elderly, and the ill. Central Texas Food Bank's overarching mission is to nourish hungry people and spearhead the community's efforts against hunger.
In the fight against hunger, Central Texas Food Bank plays a crucial role by distributing a substantial amount of food. In fact, during the fiscal year 2022, the organization managed to distribute an impressive 48 million pounds of food. This food is distributed to partner agencies and made available for free to low-income individuals and families in need. The food bank's contributions are essential in ensuring that those who struggle with food insecurity have access to the nourishment they require to maintain their health and wellbeing.
Central Texas Food Bank's mission extends beyond mere food distribution. Its commitment to the community goes deeper, as it strives to create a hunger-free Central Texas. Through this mission, the organization aims to provide essential resources and support to those in need while inspiring others to join the fight against hunger.
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Impact
October, 2024
Central Texas Food Bank Inc plays a crucial role in combating hunger and food insecurity in the community. By distributing food to human services agencies that assist vulnerable populations—including infants, the needy, the elderly, and the ill—the organization ensures that low-income individuals and families receive essential nourishment at no cost. In fiscal year 2022 alone, over 48 million pounds of food were distributed, reflecting a significant impact on the well-being of countless community members. Their mission to nourish hungry people and lead the community in the fight against hunger fosters resilience and support for those in need, promoting health and stability across Central Texas.
This information is meant to be a general summary of Central Texas Food Bank 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: $671,163
- Program Service Revenue: $2,154,528
- Gross Receipts: $115,778,350
Assets and Liabilities:
- Total Assets: $95,128,221
- Total Liabilities: $1,915,830
- Net Assets: $93,212,391
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOOD HANDLING FEES
Revenue
$1,875,760
OTHER PROGRAM REVENUE
Revenue
$278,768
Organization Details
Founding Year
1982
Phone
(512) 282-2111Principal Officer
Sari Vatske
Main Address
6500 METROPOLIS DRIVE, AUSTIN, TX, 78744
Website
www.centraltexasfoodbank.orgNTEE Category
Code: K31Z - Food
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