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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Mendiola President | OfficerTrustee | $0 | |
Rafael Perez Board Member | Trustee | $0 | |
Rafael I Torres Treasurer | OfficerTrustee | $0 | |
Eva Delgado Secretary | OfficerTrustee | $0 | |
Adolfo Gonzalez Board Member | Trustee | $0 | |
Juan Vargas Vice President | OfficerTrustee | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $33,391 |
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 | $89,344 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $77 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,727 |
Fees for services: Accounting | $1,650 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $1,403 |
Information technology | $960 |
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 | $296 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $19,008 |
Insurance | $6,818 |
All other expenses | $7,346 |
Total functional expenses | $195,766 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $197,164 |
Savings and temporary cash investments | $0 |
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 | $17,393 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $138,024 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $352,581 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $63,023 |
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 | $63,023 |
Net assets without donor restrictions | $289,558 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $352,581 |
Organization Name | Assets | Revenue |
---|---|---|
Altria Client Services Long-Term Disability Trust Plano, TX | $51,352,208 | $5,463,597 |
Baptist Community Affordable Housing Foundation Amarillo, TX | $10,488,306 | $6,073,259 |
1717 Ridge Apartments Inc Dallas, TX | $59,741,170 | $2,340,816 |
Laredo Regional Food Bank Inc Laredo, TX | $352,581 | $249,209 |
Pauline Revere Thayer Memorial Pension Fund Dallas, TX | $618,381 | $7,236 |
Department Of Texas Korean War Veterans Association Inc Copperas Cove, TX | $25,760 | $17,670 |
C O M Utility And Maintenance Trust Midland, TX | $335,870 | $0 |
City Of Cammack Village Employees Retirement Assistance Trust Little Rock, AR | $132,089 | $0 |