Overview
What is Southeast Texas Food Bank Inc?
Southeast Texas Food Bank Inc, located at 3845 Martin Luther King Parkway in Beaumont, Texas (77705), is a nonprofit organization dedicated to addressing hunger in an eight-county service territory. They distribute food to nearly 86 partnering social service agencies, enabling these organizations to provide essential nourishment to thousands of community members. Their mission primarily revolves around the distribution of food, which reaches low-income residents through various channels like pantries, meal sites, and residential centers. The Food Bank's employee count is 52 individuals, all committed to alleviating hunger in their region.
Official website here: www.setxfoodbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Southeast Texas Food Bank Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong overall performance in accountability and financial health. With a high score of 97 in Accountability & Finance and a perfect score of 100 in Impact & Measurement, the organization demonstrates its commitment to transparency and effective use of resources. The high percentage of independent board members and robust audit oversight suggests a well-governed entity.
The organization excels in financial management, with a program expense ratio of 95.10%, indicating that a significant portion of its funding directly supports its mission. Its fundraising efficiency is notable, costing only $0.01 to raise a dollar, which shows effective donor engagement and resource allocation. Additionally, the cost per meal is well below the local meal cost, further emphasizing the food bank's efficiency in addressing hunger in the community.
While the charity's Culture & Community score is comparatively lower at 83, indicating potential areas for improvement in community engagement or staff morale, the overall data reflects a strong and responsible organization committed to its mission of alleviating food insecurity.
This AI summary has been generated from information found on Charity Navigator.
Is Southeast Texas Food Bank Inc legitimate?
Southeast Texas Food Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeast 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: $120,898
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.setxfoodbank.org
What is the mission statement of Southeast Texas Food Bank Inc?
The Southeast Texas Food Bank Inc plays a crucial role in addressing hunger within an eight-county territory. Their primary objective is to distribute food to those in need. They collaborate with around 86 social service agencies, who subsequently distribute the food to numerous low-income community members. Through this network, they reach thousands of individuals by supplying food to pantries, meal sites, and residential centers. Their mission is centered on alleviating hunger and ensuring access to nutritious meals for the less fortunate.
Official website here: www.setxfoodbank.org
Who is the CEO of Southeast Texas Food Bank Inc?
Harvey Zernial is the President And Ceo of Southeast Texas Food Bank Inc. The CEO's salary of Southeast Texas Food Bank Inc is $42,599 and their total compensation is $42,599.
Official website here: www.setxfoodbank.org
What is the revenue of Southeast Texas Food Bank Inc?
Southeast Texas Food Bank Inc's revenue in 2022 was $23,825,823.
Official website here: www.setxfoodbank.org
Who are the executives of Southeast Texas Food Bank Inc and what are their salaries?
The average compensation at Southeast Texas Food Bank Inc during 2022 was $2,325. There are 52 employees and 1633 volunteers at Southeast Texas Food Bank Inc.
Here are 22 key members and their salaries (Southeast Texas Food Bank Inc's CEO's salary is $42,599 and their total compensation is $42,599):
- Compensation: $78,299
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- Other: $9,284
- Compensation: $78,299
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- Other: $8,704
- Compensation: $42,599
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Official website here: www.setxfoodbank.org
Where can I find the form 990 for Southeast Texas Food Bank Inc?
Southeast Texas Food Bank Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.setxfoodbank.org
Learn more at the official website: www.setxfoodbank.org
Mission Statement of Southeast Texas Food Bank Inc
Southeast Texas Food Bank Inc plays a vital role in addressing hunger in an eight-county territory by distributing food to those in need. The organization's primary objective is to provide essential nourishment to thousands of low-income community members, collaborating with approximately 86 social service agencies.
Through the efforts of Southeast Texas Food Bank Inc, these partner agencies receive food resources to distribute through various channels such as pantries, meal sites, and residential centers. By doing so, the Food Bank extends its reach beyond its own walls to effectively tackle food insecurity on a wider scale.
In simple terms, Southeast Texas Food Bank Inc serves as the link between food surplus and food-scarce individuals, ensuring that the necessary provisions make their way to those most in need. In this manner, the organization acts as a crucial lifeline for communities, empowering the social service agencies to help those who struggle with hunger.
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Impact
October, 2024
Southeast Texas Food Bank Inc significantly impacts the community by addressing hunger and food insecurity across eight counties in Southeast Texas. By distributing food to approximately 86 member social service agencies, the organization ensures that thousands of low-income individuals and families receive the nourishment they need. These member agencies facilitate the distribution of food through various channels, including pantries, meal sites, and residential centers, reaching vulnerable populations who might otherwise struggle to access adequate nutrition. The initiative not only helps alleviate hunger but also fosters community support and resilience among those facing economic challenges.
This information is meant to be a general summary of Southeast 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: $20,416
- Program Service Revenue: $420,478
- Gross Receipts: $23,833,700
Assets and Liabilities:
- Total Assets: $18,530,990
- Total Liabilities: $760,010
- Net Assets: $17,770,980
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Shared Cost Recovery
Revenue
$420,478
Organization Details
Founding Year
1991
Phone
(409) 839-8777Principal Officer
Harvey Zernial
Main Address
3845 Martin Luther King Parkway, Beaumont, TX, 77705
Website
www.setxfoodbank.orgNTEE Category
Code: P20Z - Human services
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