Federation Of Virginia Food Banks
- Assets
- $2.2m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Richmond, VA
- Founding
- 05/1994
- Data as of
- 06/2023
- EIN
- 54-1388664
Organization Overview
Federation Of Virginia Food Banks is located in Richmond, VA. The organization was established in 1994. 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 06/2023, Federation Of Virginia Food Banks employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federation Of Virginia Food Banks 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 06/2023, Federation Of Virginia Food Banks generated $8.5m in total revenue. All expenses for the organization totaled $8.2m during the year ending 06/2023. While expenses have increased by 74.2% per year over the past 7 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.
Since 2015, Federation Of Virginia Food Banks has awarded 34 individual grants totaling $22,965,587. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FACILITATING STATEWIDE COLLABORATION AMONG VIRGINIA'S FOOD BANKS, PARTNERS, AND NEIGHBORS TO IMPROVE NUTRITION SECURITY AND EMPOWER STRONG, HEALTHY COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATING STATEWIDE COLLABORATION AMONG VIRGINIA'S FOOD BANKS, PARTNERS, AND NEIGHBORS TO IMPROVE NUTRITION SECURITY AND EMPOWER STRONG, HEALTHY COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Pick Chairman | OfficerTrustee | 1 | $0 |
Michael Mckee Vice Chairman | OfficerTrustee | 1 | $0 |
Karen Joyner Treasurer | OfficerTrustee | 1 | $0 |
Pamela Irvine Secretary | OfficerTrustee | 1 | $0 |
Radha Muthiah Board Member | Trustee | 1 | $0 |
Dan Maher Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Philip Reese Llc Health Equity Assessment And Tefap | 6/29/23 | $159,922 |
See What I Mean Healthy Pantry Design | 6/29/23 | $138,447 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,322,843 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,034,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,357,574 |
| Total Program Service Revenue | $125,000 |
| Investment income | $2,319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,484,893 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,985,623 |
| 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. | $133,561 |
| Compensation of current officers, directors, key employees. | $20,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $389,545 |
| Pension plan accruals and contributions | $6,120 |
| Other employee benefits | $7,681 |
| Payroll taxes | $21,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,511 |
| Fees for services: Lobbying | $30,100 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $298,263 |
| Advertising and promotion | $64,185 |
| Office expenses | $15,573 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,751 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $139,404 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,745 |
| All other expenses | $0 |
| Total functional expenses | $8,159,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $859,861 |
| Savings and temporary cash investments | $304,864 |
| Pledges and grants receivable | $810,227 |
| Accounts receivable, net | $2,000 |
| 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 | $231,278 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,208,230 |
| Accounts payable and accrued expenses | $58,799 |
| Grants payable | $817,718 |
| 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 | $876,517 |
| Net assets without donor restrictions | $1,019,127 |
| Net assets with donor restrictions | $312,586 |
| 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 | $2,208,230 |
Grants Awarded
Over the last fiscal year, Federation Of Virginia Food Banks has awarded $6,327,236 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE RIDGE AREA FOOD BANK INC PURPOSE: TO PROVIDE FUNDRAISING AND PROGRAM SUPPORT. | $912,801 |
CAPITAL AREA FOOD BANK PURPOSE: TO PROVIDE FUNDRAISING AND PROGRAM SUPPORT. | $909,495 |
FEED MORE INC PURPOSE: TO PROVIDE FUNDRAISING AND PROGRAM SUPPORT. | $1,243,362 |
FREDERICKSBURG REGIONAL FOODBANK PURPOSE: TO PROVIDE FUNDRAISING AND PROGRAM SUPPORT. | $376,841 |
FEEDING SOUTHWEST VIRGINIA PURPOSE: TO PROVIDE FUNDRAISING AND PROGRAM SUPPORT. | $1,231,092 |
FOODBANK OF SOUTHEASTERN VIRGINIA PURPOSE: TO PROVIDE FUNDRAISING AND PROGRAM SUPPORT. | $1,050,669 |