Central Texas Food Bank Foundation
- Assets
- $3.7m
- Revenue
- $141.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/2000
- Data as of
- 09/2021
- EIN
- 74-2964260
Organization Overview
Central Texas Food Bank Foundation is located in Austin, TX. The organization was established in 2000. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Texas Food Bank Foundation 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 09/2021, Central Texas Food Bank Foundation generated $141.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $20.9k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (24.4%) per year over the past 6 years. 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
TO SUPPORT THE FOOD DISTRIBUTION PROGRAMS OF THE CENTRAL TEXAS FOOD BANK, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A STABLE SOURCE OF REVENUE FOR THE PROGRAMS OF CENTRAL TEXAS FOOD BANK, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Tomsu Chair | OfficerTrustee | 1 | $0 |
Melissa Mitchell Treasurer | OfficerTrustee | 1 | $0 |
Derrick Chubbs Secretary | OfficerTrustee | 1 | $0 |
Vanessa Downey-Little Director | Trustee | 1 | $0 |
Kenneth Gladish PHD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $50,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90,317 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $140,994 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $1,049 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,852 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,010 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,697,739 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,739,749 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,588,655 |
| Net assets with donor restrictions | $151,094 |
| 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 | $3,739,749 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Central Texas Food Bank Foundation has recieved totaling $302,194.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $291,119 |
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $875 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $50 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50 |
Endowment Analysis
| Beg. Balance | $151,094 |
| Ending Balance | $151,094 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impact Catering Co Oklahoma City, OK | $2,504,216 | $5,368,754 |
Texas Extension Education Foundation Inc College Station, TX | $788,665 | $1,570,483 |
Cafb Of Tx Support Corporation Austin, TX | $20,109,575 | $277,464 |
Tafb Distribution Center Inc Fort Worth, TX | $6,781,520 | $144,000 |
Cactus Cares Foundation Amarillo, TX | $677,053 | $686,819 |
Clements Foods Foundation Oklahoma City, OK | $1,825,974 | $549,847 |
Canstruction Houston Houston, TX | $3,328 | $0 |
West San Marcos Dove Hunt Foundation San Marcos, TX | $5,787 | $0 |
Community Link Properties Saginaw, TX | $1,520,353 | $12,000 |
Central Texas Food Bank Foundation Austin, TX | $3,739,749 | $140,994 |
Tyson Foods Foundation Inc C/O Robin Wages Fayetteville, AR | $0 | $0 |
Regional Food Bank Foundation Oklahoma City, OK | $45,628,260 | $29,840,156 |