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Project Hope Food Bank Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261737554 ✦ Hot springs, AR ✦ Designated as a 501(c)(3)

Overview

What is Project Hope Food Bank Inc?

Project Hope Food Bank Inc is a nonprofit organization situated in Hot Springs, Arkansas. With a single employee, they operate by pooling resources to support 45 local nonprofits that lack the means to purchase or store large quantities of food. By purchasing food wholesale in bulk, they ensure affordable and nutritious food supplies for homeless shelters, charity kitchens, food pantries, crisis centers, children's homes, school backpack programs, and children's feeding programs in West Central Arkansas. Their impact is significant due to a donated warehouse, debt-free equipment, and a dedicated volunteer workforce, including the Executive Director and Inventory Specialist.


Official website here: www.projecthopefoodbank.org

Is Project Hope Food Bank Inc legitimate?

Project Hope Food Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Hope Food Bank Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,714

For more financial information, click here


Official website here: www.projecthopefoodbank.org

What is the mission statement of Project Hope Food Bank Inc?

Project Hope Food Bank Inc's mission is focused on providing affordable and nutritious food to various feeding programs and food pantries that cater to individuals at risk of hunger. This organization operates by pooling resources, enabling 45 local nonprofits, often lacking the necessary assets, to procure and store food in large quantities at lower costs. By purchasing food wholesale, Project Hope Food Bank aids various charitable organizations such as homeless shelters, crisis centers, and children's feeding programs in fulfilling their respective missions. The organization's substantial impact in the community stems from its resources, including a donated warehouse, debt-free equipment, and a dedicated volunteer workforce, consisting of its Executive Director and Inventory Specialist.


Official website here: www.projecthopefoodbank.org

Who is the CEO of Project Hope Food Bank Inc?

Ted Thompson is the President of Project Hope Food Bank Inc.


Official website here: www.projecthopefoodbank.org

What is the revenue of Project Hope Food Bank Inc?

Project Hope Food Bank Inc's revenue in 2022 was $1,268,880.


Official website here: www.projecthopefoodbank.org

Who are the executives of Project Hope Food Bank Inc and what are their salaries?

The average compensation at Project Hope Food Bank Inc during 2022 was $33,714. There are 1 employees and 25 volunteers at Project Hope Food Bank Inc.

Here are 14 key members and their salaries:

    Thomas Jones (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol Dickinson (Vice-President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen Blasche (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janie Smith (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gene Phillips (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sandra Powers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lindell Trimble (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Fleischner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Vines (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kermit Tucker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Arnold (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tiffany Rogers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sierra Kesterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ted Thompson (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.projecthopefoodbank.org

    Where can I find the form 990 for Project Hope Food Bank Inc?

    The Project Hope Food Bank Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.projecthopefoodbank.org

    Learn more at the official website: www.projecthopefoodbank.org

    Mission Statement of Project Hope Food Bank Inc

    Project Hope Food Bank Inc, a notable organization, is dedicated to providing affordable and nutritious food to various nonprofit organizations and feeding programs in West Central Arkansas. Its mission is to support these organizations that cater to individuals at risk of hunger by procuring food in bulk at reduced prices. This strategy enables charities such as homeless shelters, crisis centers, children's homes, and school feeding programs to fulfill their commitments effectively. By leveraging a donated warehouse, debt-free equipment, and a volunteer workforce, including its Executive Director and Inventory Specialist, Project Hope Food Bank Inc significantly contributes to the community, ensuring that vital food resources reach those in need.

    Impact

    This information is meant to be a general summary of Project Hope Food Bank Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Project Hope Food Bank Inc's impact is extensive in West Central Arkansas as it provides affordable and healthy food to food pantries and feeding programs that serve those at risk of hunger. By pooling resources and supporting 45 area nonprofits that lack the assets to purchase or store large quantities of food, it plays a vital role in helping homeless shelters, charity kitchens, food pantries, crisis centers, children's homes, school backpack programs, and children's feeding programs fulfill their missions. With resources like a donated warehouse, debt-free equipment, and a dedicated volunteer workforce, Project Hope Food Bank Inc makes a significant difference in addressing food insecurity in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-524
  • Program Service Revenue: $788,796
  • Gross Receipts: $1,268,880

    • Assets and Liabilities:
  • Total Assets: $609,986
  • Total Liabilities: $32,448
  • Net Assets: $577,538
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    FOOD DISTRIBUTION

    Revenue

    $788,796

    Organization Details

    Founding Year

    2009

    Principal Officer

    Ted Thompson

    Main Address

    PO Box 39, Hot Springs, AR, 71902

    NTEE Category

    Code: K31 - Food

    If you are a representative of Project Hope Food Bank Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.