Overview
What is Tarrant Area Food Bank?
The Tarrant Area Food Bank, established in 1982, is a vital source of donated food for approximately 350 hunger relief agencies and programs in Fort Worth, Texas, and surrounding counties. In the fiscal year 2022, they delivered access to around 56 million meals through their network of partner agencies, mobile solutions, nutrition education, and social service programs. This nonprofit organization empowers communities by alleviating hunger and improving health. Tarrant Area Food Bank (TAFB) is committed to embracing diversity, fairness, and inclusion, believing that access to healthy food is a fundamental human right. They work to eliminate hunger in Tarrant and 12 other North Texas counties by providing food, education, and resources to their network of partners. With a team of 125 employees, TAFB strives to make a difference in the lives of those in need.
Official website here: www.tafb.org
What are the reviews and ratings of this charity?
Charity Navigator has awarded Tarrant Area Food Bank a Four-Star out of Four Star rating with an overall score of 100%. This rating reflects the nonprofit's exceptional performance in accountability, finance, impact, and leadership adaptability. With a strong program expense ratio of 95.11% and a minimal fundraising efficiency ratio of $0.02, the organization demonstrates effective management of its resources to maximize impact.
The Tarrant Area Food Bank shows outstanding transparency and governance, evident from its fully independent board of 20 members and comprehensive policies, including conflict of interest and whistleblower protections. The organization maintains rigorous oversight with a perfect score in audit and financial oversight, which enhances trust among donors and stakeholders. The cost per meal provided is notably less than 75% of the local meal cost, further highlighting its efficiency in addressing food insecurity.
While the organization displays several strengths, the working capital ratio of 0.49 years indicates a potential area for improvement regarding liquidity. However, overall, Tarrant Area Food Bank is recognized for its strong commitment to serving the community and maintaining high standards of financial accountability and impact measurement.
This AI summary has been generated from information found on Charity Navigator.
Is Tarrant Area Food Bank legitimate?
Tarrant Area Food Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tarrant Area Food Bank 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: $1,348,419
Professional Fundraising Fees: $825,641
Other Salaries and Wages: $5,636,708
For more financial information, click here
Official website here: www.tafb.org
What is the mission statement of Tarrant Area Food Bank?
The Tarrant Area Food Bank is dedicated to empowering communities and addressing hunger, ultimately improving overall health. They strongly believe that access to nutritious food is a fundamental human right, not a privilege, and they strive to provide regular meals for all people. Embracing diversity, fairness, and inclusion, Tarrant Area Food Bank works to alleviate hunger in 13 North Texas counties by distributing food and resources to approximately 350 partner agencies. This organization's mission is to ensure that everyone in the community has access to the nourishment they need.
Official website here: www.tafb.org
Who is the CEO of Tarrant Area Food Bank?
Julie Butner is the President & Ceo of Tarrant Area Food Bank. The CEO's salary of Tarrant Area Food Bank is $290,192 and their total compensation is $319,507.
Official website here: www.tafb.org
What is the revenue of Tarrant Area Food Bank?
Tarrant Area Food Bank's revenue in 2022 was $136,852,589.
Official website here: www.tafb.org
Who are the executives of Tarrant Area Food Bank and what are their salaries?
The average compensation at Tarrant Area Food Bank during 2022 was $55,881. There are 125 employees and 12158 volunteers at Tarrant Area Food Bank.
Here are 28 key members and their salaries (Tarrant Area Food Bank's CEO's salary is $290,192 and their total compensation is $319,507):
- Compensation: $290,192
- Related: $0
- Other: $29,315
- Compensation: $155,650
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- Other: $18,493
- Compensation: $148,895
- Related: $0
- Other: $21,104
- Compensation: $141,066
- Related: $0
- Other: $17,713
- Compensation: $132,727
- Related: $0
- Other: $9,610
- Compensation: $114,630
- Related: $0
- Other: $17,785
- Compensation: $106,224
- Related: $0
- Other: $22,262
- Compensation: $94,058
- Related: $0
- Other: $28,696
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Official website here: www.tafb.org
Where can I find the form 990 for Tarrant Area Food Bank?
Tarrant Area Food Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tafb.org
Learn more at the official website: www.tafb.org
Mission Statement of Tarrant Area Food Bank
Tarrant Area Food Bank, or TAFB, is a non-profit organization that strives to empower communities by alleviating hunger and improving health. The organization believes that every person has the right to regular, nutritious meals and values diversity, fairness, and inclusion as fundamental to achieving this vision. TAFB operates in 13 North Texas counties, working to provide food, education, and other resources to approximately 350 partner agencies. The mission of Tarrant Area Food Bank is rooted in the belief that access to healthy food is essential for basic human needs. The organization goes beyond simply providing food; it aims to create communities where everyone can access the nourishment they need. TAFB's work is guided by a vision of a world where no one goes hungry, and it is dedicated to making a difference in the lives of those in need.
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Impact
October, 2024
Tarrant Area Food Bank plays a crucial role in alleviating hunger and improving health in Fort Worth, Texas, and the surrounding regions. Founded in 1982, it serves as a primary source of donated food for approximately 350 hunger relief agencies and feeding programs. In fiscal year 2022 alone, it provided access to an impressive 56 million meals through its extensive network of partner agencies, mobile solutions, nutrition education, and social service programs.
The impact of Tarrant Area Food Bank is evident in its commitment to ensuring that all community members have access to nutritious food. They distribute meals in various forms, including bags of groceries for clients to take home, hot meals served on-site, and healthy snacks during group activities. This multifaceted approach not only addresses immediate hunger but also promotes overall health and well-being.
By valuing diversity, fairness, and inclusion, Tarrant Area Food Bank envisions a community where everyone has the food they need. It advocates for the belief that access to healthy food is a fundamental human right, ensuring that nutritious meals are available to all, regardless of their circumstances. Through its comprehensive efforts, the organization empowers communities, making significant strides toward a hunger-free future in North Texas.
This information is meant to be a general summary of Tarrant Area Food Bank. 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: $259,953
- Program Service Revenue: $1,354,624
- Gross Receipts: $152,141,478
Assets and Liabilities:
- Total Assets: $60,601,560
- Total Liabilities: $2,541,665
- Net Assets: $58,059,895
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$1,354,624
Organization Details
Founding Year
1981
Phone
(817) 857-7100Principal Officer
Julie Butner
Main Address
2525 Cullen Street, Fort Worth, TX, 76107
Website
www.tafb.orgNTEE Category
Code: K31 - Food
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