The Food Bank Of The Golden Crescent
- Assets
- $12.6m
- Revenue
- $19.5m
- Investments
- $0.0
- Employees
- 47
- Location
- Victoria, TX
- Founding
- 09/1989
- Data as of
- 12/2021
- EIN
- 74-2534561
Organization Overview
The Food Bank Of The Golden Crescent is located in Victoria, TX. The organization was established in 1989. 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 12/2021, Food Bank Of The Golden Crescent employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Bank Of The Golden Crescent 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 12/2021, Food Bank Of The Golden Crescent generated $19.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $16.2m during the year ending 12/2021. While expenses have increased by 14.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOOD BANK OF THE GOLDEN CRESCENT IS TO "HELP HEAL THE HURT OF HUNGER".WE OPERATE AN INNOVATIVE AND FLEXIBLE ORGANIZATION WHICH COLLECTS FOOD AND OTHER USEFUL PRODUCTS AND REDISTRIBUTES THESE PRODUCTS AND FOOD TO MEMBER AGENCIES THAT HAVE FEEDING PROGRAMS FOR THE NEEDY, CHILDREN, AGED, AND HANDICAPPED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD/COMMODITIES LOCATED IN A DISTRIBUTION WAREHOUSE SUPPLIES FOOD TO VARIOUS NON-PROFIT AGENCIES OR ORGANIZATIONS AND CHARITABLE AGENCIES IN THE LOCAL COUNTY AND TEN SURROUNDING COUNTIES. FOOD WAS DISTRIBUTED TO 120 AGENCIES AND SITES, WHICH PROVIDED EMERGENCY OR SUPPLEMENTAL ASSISTANCE TO OVER 7,256 HOUSEHOLDS PER MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Cadle President & CEO | OfficerTrustee | 40 | $92,466 |
Monica Rodriguez Treasurer | OfficerTrustee | 1 | $0 |
Todd Jacobs Director | Trustee | 0.5 | $0 |
David James Director | Trustee | 0.5 | $0 |
Angela Hartmann Chairman | Trustee | 0.5 | $0 |
Joe Farias Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,660,076 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,151,686 |
| Noncash contributions included in lines 1a–1f | $13,290,604 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,811,762 |
| Total Program Service Revenue | $455,267 |
| Investment income | $5,442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,813 |
| Net Income from Fundraising Events | $220,329 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,539,613 |
| 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. | $92,466 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,141,282 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $112,228 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $72,481 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,105 |
| Insurance | $15,990 |
| All other expenses | $320,226 |
| Total functional expenses | $16,181,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,514,624 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $203,116 |
| Accounts receivable, net | $23,800 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,612,061 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,722,223 |
| Investments—publicly traded securities | $495,138 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,570,962 |
| Accounts payable and accrued expenses | $290,586 |
| Grants payable | $0 |
| Deferred revenue | $14,684 |
| 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 | $3,268 |
| Total liabilities | $308,538 |
| Net assets without donor restrictions | $10,701,737 |
| Net assets with donor restrictions | $1,560,687 |
| 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 | $12,570,962 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Food Bank Of The Golden Crescent has recieved totaling $44,000.
| Awarding Organization | Amount |
|---|---|
Beaumont Foundation Of America Beaumont, TX | | $30,000 |
Peach Mott Foundation Inc Victoria, TX PURPOSE: CHARITABLE/EDUCATIONAL | $7,000 |
South Texas Charitable Foundation Victoria, TX PURPOSE: CHARITABLE/EDUCATIONAL | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regional East Texas Food Bank Tyler, TX | $32,550,822 | $58,808,251 |
Greater Baton Rouge Food Bank Inc Baton Rouge, LA | $22,656,649 | $36,802,762 |
Montgomery County Food Bank Inc Conroe, TX | $14,255,524 | $35,807,870 |
Community Food Bank Fort Worth, TX | $2,422,888 | $29,642,278 |
Coastal Bend Food Bank Corpus Christi, TX | $28,051,573 | $41,735,724 |
Northwest Arkansas Food Bank Bethel Heights, AR | $9,867,832 | $24,502,827 |
West Texas Food Bank Odessa, TX | $26,092,867 | $26,901,503 |
South Plains Food Bank Inc Lubbock, TX | $28,298,795 | $20,514,484 |
The Food Bank Of Central Louisiana Inc Alexandria, LA | $12,555,817 | $16,824,841 |
Northwest Louisiana Food Bank Shreveport, LA | $26,081,123 | $19,803,576 |
The Food Bank Of The Golden Crescent Victoria, TX | $12,570,962 | $19,539,613 |
High Plains Food Bank Amarillo, TX | $16,120,806 | $18,291,183 |