Fredericksburg Regional Foodbank
- Assets
- $10.1m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 49
- Location
- Fredericksburg, VA
- Founding
- 07/1985
- Data as of
- 06/2024
- EIN
- 54-1255013
Organization Overview
Fredericksburg Regional Foodbank is located in Fredericksburg, VA. The organization was established in 1985. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2024, Fredericksburg Regional Foodbank employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredericksburg Regional Foodbank 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 06/2024, Fredericksburg Regional Foodbank generated $21.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $21.4m during the year ending 06/2024. While expenses have increased by 10.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WE FEED THE HUNGRY THROUGH OUR PROGRAMS AND A COMMUNITY WIDE NETWORK OF PARTNER AGENCIES AND ENGAGE OUR COMMUNITY IN THE FIGHT TO END HUNGER THROUGH SERVICE AND ADVOCACY OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEEDING CHILDREN PROGRAM ACTIVITIES INCLUDE: SCHOOL FOOD PANTRY - SCHOOL-BASED PANTRIES ARE LOCATED ON THE GROUNDS OF A SCHOOL TO PROVIDE A MORE READILY ACCESSIBLE SOURCE OF FOOD ASSISTANCE TO CHILDREN AND THEIR FAMILIES. AS A NEED IS IDENTIFIED BY SCHOOL STAFF, THE PRE-PACKED BOXES CONTAINING A FEW DAYS OF EMERGENCY FOOD, ALONG WITH RESOURCE MATERIALS SUCH AS A PANTRY REFERENCE LIST AND SNAP INFORMATION, ARE DISTRIBUTED TO THE FAMILIES IN NEED. AFTER-SCHOOL SNACK PROGRAM - THE AFTER-SCHOOL SNACK PROGRAM PROVIDES NUTRITIOUS, FRESHLY PREPARED SNACKS TO CHILDREN IN AN ENVIRONMENT THAT IS SAFE, ACCESSIBLE, AND CONVENIENT. SITES ARE LOCATED AT ORGANIZATIONS THAT PROVIDE AFTER-SCHOOL PROGRAMMING FOR YOUTH SUCH AS SCHOOLS, THE BOYS AND GIRLS CLUB, HAZEL HILL APARTMENTS & SALEM CHURCH LIBRARY. SUMMER FOOD SERVICE PROGRAM (SFSP) - THROUGH THE SUMMER NUTRITION PROGRAM, CHILDREN AND YOUTH CAN CONTINUE TO HAVE NO COST ACCESS TO NOURISHING FOOD WHILE SCHOOL IS OUT. PARTICIPATING SITES SERVE EITHER GRAB & GO OR SIT DOWN MEALS FOR YOUTH TO ENJOY.
THE FREDERICKSBURG REGIONAL FOOD BANK IS A FEEDING AMERICA NETWORK FOOD BANK SERVING THE FOOD INSECURE POPULATION OF FOUR VIRGINIA COUNTIES (CAROLINE, KING GEORGE, SPOTSYLVANIA, AND STAFFORD), AS WELL AS THE CITY OF FREDERICKSBURG AND THE COMMUNITY OF LOCUST GROVE. PROGRAM ACTIVITIES CENTER UPON THE GATHERING, HANDLING, AND DISTRIBUTION OF DONATED AND PURCHASED FOOD COMMODITIES AND HOUSEHOLD GOODS. THESE CORE ACTIVITIES ARE CONDUCTED IN PARTNERSHIP WITH RETAILERS, DISTRIBUTION CENTERS, PANTRIES AND FEEDING SITES IN OUR SERVICE TERRITORY.
FEEDING SENIOR PROGRAM ACTIVITIES INCLUDE: CSFP - THE COMMODITY SUPPLEMENTAL FOOD PROGRAM IS THE ONLY USDA NUTRITION PROGRAM THAT PROVIDES MONTHLY FOOD ASSISTANCE SPECIALLY TARGETED AT LOW- INCOME SENIORS. THE PROGRAM IS DESIGNED TO MEET THE UNIQUE NUTRITIONAL NEEDS OF PARTICIPANTS, SUPPLEMENTING DIETS WITH A MONTHLY PACKAGE OF HEALTHY, NUTRITIOUS USDA COMMODITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Palmer Chair | OfficerTrustee | 1 | $0 |
Jeremy Bullock Vice Chair | OfficerTrustee | 1 | $0 |
Paul Covill Treasurer | OfficerTrustee | 1 | $0 |
Betsy Mason Secretary | OfficerTrustee | 1 | $0 |
Iwalani Camacho Board Member | Trustee | 1 | $0 |
Frank Cirioni Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $70,714 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,483,857 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,947,046 |
| Noncash contributions included in lines 1a–1f | $16,411,147 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,501,617 |
| Total Program Service Revenue | $122,392 |
| Investment income | $105,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$61,110 |
| Net Income from Fundraising Events | $37,183 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,705,762 |
| 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. | $271,614 |
| Compensation of current officers, directors, key employees. | $208,426 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,755,815 |
| Pension plan accruals and contributions | $43,985 |
| Other employee benefits | $315,007 |
| Payroll taxes | $150,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $271,331 |
| Fees for services: Investment Management | $27,898 |
| Fees for services: Other | $120,143 |
| Advertising and promotion | $110,024 |
| Office expenses | $273,685 |
| Information technology | $130,905 |
| Royalties | $0 |
| Occupancy | $324,093 |
| Travel | $19,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,302 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $511,696 |
| Insurance | $69,263 |
| All other expenses | $11,081 |
| Total functional expenses | $21,438,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,674 |
| Savings and temporary cash investments | $718,061 |
| Pledges and grants receivable | $68,060 |
| Accounts receivable, net | $405,273 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,758,872 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,828,460 |
| Investments—publicly traded securities | $1,989,721 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $973,022 |
| Total assets | $10,051,143 |
| Accounts payable and accrued expenses | $548,623 |
| 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 | $865,664 |
| Total liabilities | $1,414,287 |
| Net assets without donor restrictions | $8,188,111 |
| Net assets with donor restrictions | $448,745 |
| 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 | $10,051,143 |