Laredo Regional Food Bank Inc

Organization Overview

Laredo Regional Food Bank Inc is located in Laredo, TX. The organization was established in 1983. According to its NTEE Classification (Y30) the organization is classified as: Pension & Retirement Funds, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laredo Regional Food Bank Inc 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 12/2023, Laredo Regional Food Bank Inc generated $249.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $195.8k during the year ending 12/2023. While expenses have increased by 6.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE FOOD BANK RECEIVES DONATED FOOD AND PURCHASES FOOD AS SUPPLEMENT IT DISTRIBUTES FOOD TO OTHER CHARITIES AND LOW INCOCME FAMILIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOOD BANK SHALL DISTRIBUTE PURCHASED AND DONATED FOOD TO OTHER CHARITIES FOR DISTRIBUTION TO THE POOR AND THE NEEDY IN THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Mendiola
President
$0
Rafael Perez
Board Member
$0
Rafael I Torres
Treasurer
$0
Eva Delgado
Secretary
$0
Adolfo Gonzalez
Board Member
$0
Juan Vargas
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $154,183
All other contributions, gifts, grants, and similar amounts not included above$49,234
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$203,417
Total Program Service Revenue$45,754
Investment income $38
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 $249,209

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