Overview
What is Food Bank Of The Rgv Inc?
The Food Bank of the RGV is a dedicated nonprofit organization situated in the lower Rio Grande Valley. With a profound commitment to bettering lives, they focus on food assistance, nutrition education, and access to essential community services within Hidalgo, Willacy, and Cameron counties. Their primary mission involves collecting and storing salvageable food and commodities, distributing these resources to local social agencies to help support those in need. The organization also covers employee wages and benefits and fuel expenses to carry out its humanitarian work effectively.
Official website here: www.foodbankrgv.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
Food Bank of the RGV Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and impact measurement. The organization excels particularly in its financial management, with a program expense ratio of 96.54%, indicating that a significant portion of its funds directly support its mission. The charity also demonstrates high accountability with all board members being independent, which enhances its governance structure.
The nonprofit has received a perfect score for its impact evaluation and feedback collection practices, showcasing its commitment to measuring its effectiveness and adapting based on community needs. Its financial health is robust, with a low liabilities-to-assets ratio and excellent fundraising efficiency, indicating that it operates effectively while minimizing costs associated with fundraising.
However, while the organization shows strengths in financial and impact metrics, its equity strategies score could be improved, suggesting there may be areas for growth in addressing equity within its operations. Overall, Food Bank of the RGV Inc is well-positioned as a trustworthy and effective nonprofit that significantly impacts its community.
This AI summary has been generated from information found on Charity Navigator.
Is Food Bank Of The Rgv Inc legitimate?
Food Bank Of The Rgv Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Food Bank Of The Rgv 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: $233,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,276,875
For more financial information, click here
Official website here: www.foodbankrgv.com
What is the mission statement of Food Bank Of The Rgv Inc?
The Food Bank of the Rio Grande Valley is dedicated to enhancing lives by providing food assistance, nutrition education, and access to essential community services throughout the tri-county region. Their primary objective is to gather and store salvageable food and commodities, which are later distributed to local social agencies supporting individuals in need within Hidalgo, Willacy, and Cameron counties. The Food Bank's mission extends beyond food distribution, as they also contribute towards employee salaries, benefits, and fuel expenses required to carry out their noble cause.
Official website here: www.foodbankrgv.com
Who is the CEO of Food Bank Of The Rgv Inc?
Connie Ramos is the Ceo of Food Bank Of The Rgv Inc. The CEO's salary of Food Bank Of The Rgv Inc is $116,850 and their total compensation is $116,850.
Official website here: www.foodbankrgv.com
What is the revenue of Food Bank Of The Rgv Inc?
Food Bank Of The Rgv Inc's revenue in 2022 was $38,110,165.
Official website here: www.foodbankrgv.com
Who are the executives of Food Bank Of The Rgv Inc and what are their salaries?
The average compensation at Food Bank Of The Rgv Inc during 2022 was $31,067. There are 113 employees at Food Bank Of The Rgv Inc.
Here are 11 key members and their salaries (Food Bank Of The Rgv Inc's CEO's salary is $116,850 and their total compensation is $116,850):
- Compensation: $116,850
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- Other: $0
- Compensation: $116,850
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- Other: $0
Official website here: www.foodbankrgv.com
Where can I find the form 990 for Food Bank Of The Rgv Inc?
Food Bank Of The Rgv Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foodbankrgv.com
Learn more at the official website: www.foodbankrgv.com
Mission Statement of Food Bank Of The Rgv Inc
The Food Bank of the RGV, a dedicated nonprofit organization, is deeply engaged in the community, working to enhance lives through essential food assistance, nutrition education, and access to critical services. In the tri-county area of the lower Rio Grande Valley, this charitable institution collects and stores salvageable food and commodities. With great passion, they distribute these items to numerous social agencies, reaching out to those in need across Hidalgo, Willacy, and Cameron counties.
The Food Bank of the RGV's primary commitment revolves around improving the lives of the less fortunate through food assistance. They collect and warehouse perishable and non-perishable items that would otherwise go to waste, ensuring these resources reach their intended recipients. In addition, they support their mission with essential expenses such as employee salaries and benefits, as well as fuel costs for transporting food.
By prioritizing the distribution of these vital resources to social agencies, the Food Bank of the RGV plays a crucial role in helping to alleviate food insecurity and nourish those who need assistance the most. Moreover, their dedication extends beyond food, as they offer nutrition education and access to community services. This well-rounded approach empowers individuals to lead healthier lives and break free from the cycle of poverty.
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Impact
October, 2024
Food Bank of the RGV Inc plays a critical role in addressing food insecurity and improving the quality of life for residents in Hidalgo, Willacy, and Cameron counties. By collecting and warehousing salvageable food and commodities, the organization ensures that nutritious food reaches those in need. Through partnerships with local social agencies, it effectively distributes food to vulnerable populations, significantly alleviating hunger in the tri-county area.
In addition to direct food assistance, the Food Bank emphasizes nutrition education, empowering individuals and families with knowledge about healthy eating and food preparation. This holistic approach not only addresses immediate hunger but also fosters long-term wellness and self-sufficiency within the community.
Furthermore, the organization facilitates access to community services, acting as a vital resource hub for those seeking additional support. By providing these essential services, Food Bank of the RGV Inc enhances the overall well-being of the community and makes a lasting impact on the lives of countless individuals and families facing hardship.
This information is meant to be a general summary of Food Bank Of The Rgv 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: $22,423
- Program Service Revenue: $727,697
- Gross Receipts: $38,110,165
Assets and Liabilities:
- Total Assets: $20,412,117
- Total Liabilities: $696,346
- Net Assets: $19,715,771
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Shared Maintenance Agreements
Revenue
$707,916
Other
Revenue
$19,781
Organization Details
Founding Year
1986
Phone
(956) 682-8101Principal Officer
Connie Ramos
Main Address
PO Box 6251, McAllen, TX, 785026251
Website
www.foodbankrgv.comNTEE Category
Code: K31 - Food
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