Regional Food Bank Foundation
- Assets
- $44.0m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 02/2004
- Data as of
- 06/2022
- EIN
- 42-1589809
Organization Overview
Regional Food Bank Foundation is located in Oklahoma City, OK. The organization was established in 2004. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Food Bank Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Regional Food Bank Foundation generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $10.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (65.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY MISSION OF THE ORGANIZATION IS TO SUPPORT THE REGIONAL FOOD BANK OF OKLAHOMA, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS THE REGIONAL FOOD BANK OF OKLAHOMA WHICH IS A NON-PROFIT ORGANIZATION WHICH ACCEPTS FOOD CONTRIBUTIONS AND DISBURSES THEM TO OTHER CHARITABLE ORGANIZATIONS. IN FISCAL YEAR 2022, THE REGIONAL FOOD BANK OF OKLAHOMA DISTRIBUTED OVER 48 MILLION POUNDS OF FOOD TO PARTNER AGENCIES IN 53 COUNTIES IN CENTRAL AND WESTERN OKLAHOMA. OKLAHOMA IS THE FIFTH HUNGRIEST STATE IN THE NATION AND THE MAJORITY OF PEOPLE SERVED BY PARTNER AGENCIES ARE CHRONICALLY HUNGRY CHILDREN, SENIORS LIVING ON LIMITED INCOMES, AND HARDWORKING FAMILIES STRUGGLING TO MAKE ENDS MEET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Strasser Chair/director | Trustee | 0.8 | $0 |
Bonnie Kennedy Vice Chair/director | Trustee | 0.8 | $0 |
Alyson Gilbert Treasurer/secretary/director | Trustee | 0.8 | $0 |
Austin Willett Director | Trustee | 0.8 | $0 |
Brandon O'gara Director | Trustee | 0.8 | $0 |
Errol Mitchell Director | Trustee | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,758,678 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,758,678 |
| Total Program Service Revenue | $0 |
| Investment income | $885,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,040 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,681,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,687 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $93 |
| Total functional expenses | $10,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,776,934 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $29,365,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $881,382 |
| Total assets | $44,024,313 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $41,812,663 |
| Net assets with donor restrictions | $2,211,650 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $44,024,313 |