Overview
What is Concho Valley Regional Food Bank Of Texas Inc?
Concho Valley Regional Food Bank of Texas Inc, located in San Angelo, Texas, serves as a vital resource for the community. Operating with approximately 19 employees, their primary mission is to act as a clearinghouse for salvaged and surplus food, preventing waste while ensuring these resources reach those in need. In 2022, they successfully served an estimated 736,300 service units, which encompass families, meals, and snacks. Their work plays an essential role in addressing food insecurity within the region, offering a lifeline for families who may otherwise struggle to meet their basic nutritional needs.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95%, Four-Star out of Four Star rating.
The Concho Valley Regional Food Bank of Texas Inc holds a strong position with a 95% rating from Charity Navigator, reflecting its commitment to accountability and finance. This impressive score indicates that the organization operates with a high level of transparency and efficiency in managing its resources. The rating is based entirely on accountability and finance metrics, showcasing a robust financial health and governance framework.
Key strengths of the organization include a fully independent board of directors and a comprehensive set of policies to ensure ethical operations. They achieved perfect scores in areas such as conflict of interest policies and financial oversight, indicating a strong commitment to integrity and responsible stewardship of funds. Additionally, the food bank demonstrates exceptional program expense efficiency, allocating nearly 97% of its expenses towards its programs.
However, while the financial metrics are highly favorable, there are no noted limitations in the available data. Overall, the Concho Valley Regional Food Bank stands out as a well-managed nonprofit dedicated to addressing food insecurity in its community, reflecting its commitment to high standards of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Concho Valley Regional Food Bank Of Texas Inc legitimate?
Concho Valley Regional Food Bank Of Texas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concho Valley Regional Food Bank Of Texas 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: $80,200
Professional Fundraising Fees: $78,283
Other Salaries and Wages: $433,547
For more financial information, click here
What is the mission statement of Concho Valley Regional Food Bank Of Texas Inc?
The Concho Valley Regional Food Bank of Texas Inc serves as a central hub for redistributing salvage and surplus food that would otherwise be wasted. Its primary mission is to ensure that this food resource does not go to waste, thereby providing much-needed nourishment to families and individuals in need. In 2022, the food bank served approximately 736,300 service units, which equates to families, meals, or snacks. By acting as a clearinghouse, the Concho Valley Regional Food Bank of Texas Inc plays a crucial role in alleviating food insecurity and reducing food waste in the community.
Who is the CEO of Concho Valley Regional Food Bank Of Texas Inc?
Lee Pipkin is the President of Concho Valley Regional Food Bank Of Texas Inc.
What is the revenue of Concho Valley Regional Food Bank Of Texas Inc?
Concho Valley Regional Food Bank Of Texas Inc's revenue in 2022 was $5,892,829.
Who are the executives of Concho Valley Regional Food Bank Of Texas Inc and what are their salaries?
The average compensation at Concho Valley Regional Food Bank Of Texas Inc during 2022 was $27,039. There are 19 employees and 350 volunteers at Concho Valley Regional Food Bank Of Texas Inc.
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Where can I find the form 990 for Concho Valley Regional Food Bank Of Texas Inc?
Concho Valley Regional Food Bank Of Texas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Concho Valley Regional Food Bank Of Texas Inc
Concho Valley Regional Food Bank of Texas Inc plays a crucial role as a clearinghouse for salvage and surplus food that would otherwise be wasted. This mission is aimed at ensuring that these resources are redistributed and utilized effectively, preventing food waste and addressing food insecurity. In 2022 alone, the organization served approximately 736,300 service units, which can be interpreted as families, meals, or snacks. By performing this function, Concho Valley Regional Food Bank of Texas Inc contributes to reducing food waste and providing much-needed nourishment to those in need.
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Impact
July, 2024
The Concho Valley Regional Food Bank Of Texas Inc has made a significant impact by serving approximately 736,300 service units in 2022. Through their efforts to serve as a clearinghouse for salvage and surplus food that might otherwise be wasted, they have provided vital support to families in need in San Angelo, TX. This organization's work in ensuring that valuable food resources reach those who require assistance has made a tangible difference in the community.
This information is meant to be a general summary of Concho Valley Regional Food Bank Of Texas 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: -$62,466
- Program Service Revenue: $262,548
- Gross Receipts: $5,991,304
Assets and Liabilities:
- Total Assets: $3,245,024
- Total Liabilities: $98,963
- Net Assets: $3,146,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARED MAINTENANCE
Revenue
$262,548
Organization Details
Founding Year
1983
Phone
(325) 655-3231Principal Officer
Lee Pipkin
Main Address
P O BOX 1207, SAN ANGELO, TX, 76902
NTEE Category
Code: K31 - Food
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