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5 Loaves Food Pantry

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 814676309 ✦ Sachse, TX ✦ Designated as a 501(c)(3)

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Overview

What is 5 Loaves Food Pantry?

5 Loaves Food Pantry is a compassionate, faith-based organization situated in Sachse, Texas (4401 Williford Rd, ZIP 75048). Their primary mission is to offer nourishment for both body and soul, providing food and support to individuals of all ages. As a community-focused entity, they aim to assist struggling families by offering guidance towards a more prosperous life. With a modest workforce of two dedicated individuals, 5 Loaves Food Pantry embodies a strong commitment to uplifting their community and making a positive impact in people's lives.


Official website here: www.none

What are the reviews and ratings of this charity?

Charity Navigator Rating: 80%, Three-Star out of Four Star Rating

5 Loaves Food Pantry demonstrates a strong commitment to accountability and finance, receiving an impressive score of 93% in this area. With 87% of its board members being independent, it maintains transparency and integrity in governance. The organization excels in its program expense ratio, with nearly 96% of its expenses directed toward its mission, showcasing effective resource allocation.

User feedback highlights the food pantry's significant impact on the local community. One donor emphasized the tremendous support provided to impoverished individuals, pointing out that the organization is making a meaningful difference in many lives. This reflects the pantry's strong community engagement and the positive perception among its supporters.

While the organization has received high marks for its governance and community practices, it seems to face some challenges given the working capital ratio of 0.24 years. Nonetheless, its overall rating and user reviews suggest that 5 Loaves Food Pantry is effectively fulfilling its mission to alleviate hunger in the community while maintaining high standards of financial accountability.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is 5 Loaves Food Pantry legitimate?

5 Loaves Food Pantry is a legitimate nonprofit organization registered as a 501(c)(3) entity. 5 Loaves Food Pantry 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: $47,972
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,325

For more financial information, click here


Official website here: www.none

What is the mission statement of 5 Loaves Food Pantry?

5 Loaves Food Pantry, being a faith-based organization, aims to provide nourishment for both the body and the soul. Their mission is to assist struggling individuals and families, offering food and support. They strive to guide these people towards a better life, acting as a supportive companion throughout their journey. The organization's activities are centered around nourishing the physical needs of people and helping them to improve their lives spiritually.


Official website here: www.none

Who is the CEO of 5 Loaves Food Pantry?

Audrey Wallace is the President of 5 Loaves Food Pantry.


Official website here: www.none

What is the revenue of 5 Loaves Food Pantry?

5 Loaves Food Pantry's revenue in 2022 was $1,762,416.


Official website here: www.none

Who are the executives of 5 Loaves Food Pantry and what are their salaries?

The average compensation at 5 Loaves Food Pantry during 2022 was $33,648. There are 2 employees at 5 Loaves Food Pantry.


Here are 9 key members and their salaries:


Audrey Wallace (President)
  • Compensation: $47,972
  • Related: $0
  • Other: $0
Renee Nicholas (Chairman/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Ross (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cullen King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Knox (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberlee Powell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Campbell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Mcmurdie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for 5 Loaves Food Pantry?

5 Loaves Food Pantry's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of 5 Loaves Food Pantry

5 Loaves Food Pantry, a faith-based organization, is committed to providing nourishment for both the body and the soul. Their mission is to extend support to individuals and families of all ages who are facing difficulties. By coming alongside these struggling individuals, the pantry aims to guide them towards a better life. The organization's work is rooted in its faith, striving to provide food and assistance in a compassionate and caring manner.

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Impact




July, 2024

5 Loaves Food Pantry makes a significant impact by providing food and support to individuals and families in need, helping to nourish both their bodies and souls. This organization, based in Sachse, TX, aims to come alongside struggling people and families to guide them towards a better life. Through their faith-based approach, they offer not just sustenance but also hope and encouragement to those facing difficult circumstances.




This information is meant to be a general summary of 5 Loaves Food Pantry. 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.

Revenue
$1,762,416 (2022)
20182019202020212022$0$450k$900k$1.35M$1.8M
Expenses
$1,704,916 (2022)
20182019202020212022$0$450k$900k$1.35M$1.8M
Efficiency
201820192020202120220%2%4%6%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,390
  • Gross Receipts: $1,771,156

Assets and Liabilities:

  • Total Assets: $478,771
  • Total Liabilities: $1,001
  • Net Assets: $477,770

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Organization Details

Founding Year

2016

Principal Officer

Audrey Wallace

Main Address

4401 WILLIFORD RD, SACHSE, TX, 75048

Website

www.none

NTEE Category

Code: K31 - Food

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