Regional Food Bank Of Oklahoma
- Assets
- $36.5m
- Revenue
- $132.5m
- Investments
- $34.5k
- Employees
- 206
- Location
- Oklahoma City, OK
- Founding
- 08/1997
- Data as of
- 06/2021
- EIN
- 73-1100380
Organization Overview
Regional Food Bank Of Oklahoma is located in Oklahoma City, OK. The organization was established in 1997. 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 06/2022, Regional Food Bank Of Oklahoma employed 206 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Food Bank Of Oklahoma 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 06/2021, Regional Food Bank Of Oklahoma generated $132.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $130.9m during the year ending 06/2021. While expenses have increased by 7.4% 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, Regional Food Bank Of Oklahoma has awarded 120 individual grants totaling $312,200,734. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOLICITATION AND RECEIPT OF FOOD ITEMS FROM LOCAL, REGIONAL AND NATIONAL FOOD COMPANIES, AND DISTRIBUTION OF THESE ITEMS TO OTHER CHARITABLE FOOD PROGRAMS IN CENTRAL AND WESTERN OKLAHOMA.ESTABLISHING AND GROWING RELATIONSHIPS WITH COMMUNITIES AND ORGANIZATIONS TO ADDRESS THE ROOT CAUSES OF HUNGER IN CENTRAL AND WESTERN OKLAHOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 |
|---|---|---|---|
Jeremy Humphers Chair/director | Trustee | 0.8 | $0 |
Dave Lopez Vice-Chair/director | Trustee | 0.8 | $0 |
Phi Nguyen Treasurer/director | Trustee | 0.8 | $0 |
Collins Peck Secretary/director | Trustee | 0.8 | $0 |
Apollo Woods Director | Trustee | 0.8 | $0 |
Brandon Brown Director | Trustee | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,902,295 |
| Investment income | $725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,756 |
| Net Income from Fundraising Events | -$3,071 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,460,087 |
| Statement of Expenses | |
|---|---|
| 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. | $1,020,849 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,803,448 |
| Pension plan accruals and contributions | $136,749 |
| Other employee benefits | $926,399 |
| Payroll taxes | $409,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,338 |
| Fees for services: Accounting | $68,069 |
| Fees for services: Lobbying | $4,051 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,006 |
| Advertising and promotion | $0 |
| Office expenses | $280,725 |
| Information technology | $282,565 |
| Royalties | $0 |
| Occupancy | $578,543 |
| Travel | $44,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,232 |
| Interest | $95,430 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,423,680 |
| Insurance | $195,047 |
| All other expenses | $0 |
| Total functional expenses | $130,946,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,803 |
| Savings and temporary cash investments | $6,826,200 |
| Pledges and grants receivable | $1,976,484 |
| Accounts receivable, net | $1,083,552 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,482,082 |
| Prepaid expenses and deferred charges | $397,853 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $34,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,532,096 |
| Accounts payable and accrued expenses | $1,215,662 |
| 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 | $14,207 |
| Other liabilities | $1,896,809 |
| Total liabilities | $3,126,678 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $33,405,418 |
Grants Awarded
Over the last fiscal year, Regional Food Bank Of Oklahoma has awarded $68,147,449 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
REGIONAL FOOD BANK FOUNDATION INC PURPOSE: GENERAL OPERATIONS | $1,758,678 |
LAWTON FOOD BANK FRC PURPOSE: CAPACITY BUILDING GRANTS | $12,500 |
COMMUNITY MARKET OF POTT CO PURPOSE: CAPACITY BUILDING GRANTS | $10,000 |
THE HOPE CENTER FRC PURPOSE: CAPACITY BUILDING GRANTS | $20,000 |
SALVATION ARMY PURPOSE: CAPACITY BUILDING GRANTS | $9,500 |
SKYLINE URBAN MINISTRY PURPOSE: CAPACITY BUILDING GRANTS | $9,500 |