Overview
What is Capital Area Food Bank Foundation?
The Capital Area Food Bank Foundation is a nonprofit organization dedicated to supporting the charitable initiatives of the Capital Area Food Bank. Based in Washington, D.C., the foundation's primary role is to raise funds and manage investments for the benefit of the food bank. Their activities include planning and carrying out fundraising campaigns, retaining investment advisors, making grants to the food bank, and directly paying for its expenditures. The foundation may also borrow or loan money and enter into similar transactions for the food bank's benefit. Through these efforts, the Capital Area Food Bank Foundation contributes financially to the food bank's mission of providing essential food resources to those in need in the community.
Official website here: www.capitalareafoodbank.org
Is Capital Area Food Bank Foundation legitimate?
Capital Area Food Bank Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Area Food Bank Foundation 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: $0
For more financial information, click here
Official website here: www.capitalareafoodbank.org
What is the mission statement of Capital Area Food Bank Foundation?
The Capital Area Food Bank Foundation operates with the primary goal of supporting the charitable purposes of Capital Area Food Bank. In doing so, it manages and invests funds, including stocks, bonds, and loans, to benefit the organization. The foundation engages in various activities to support the Food Bank, such as planning and executing fundraising campaigns, making grants, and paying for the Food Bank's expenditures directly. Additionally, the foundation may borrow or loan money and enter into similar transactions to further benefit the Food Bank.
Official website here: www.capitalareafoodbank.org
Who is the CEO of Capital Area Food Bank Foundation?
Radha Muthiah is the President of Capital Area Food Bank Foundation.
Official website here: www.capitalareafoodbank.org
What is the revenue of Capital Area Food Bank Foundation?
Capital Area Food Bank Foundation's revenue in 2022 was $17,403,920.
Official website here: www.capitalareafoodbank.org
Who are the executives of Capital Area Food Bank Foundation and what are their salaries?
- Radha Muthiah (President) [Trustee/Director]
- John Robertson (Chief Financial Officer)
- Rahsaan Bernard Treasurer (Until 11/21, Vice President) [Trustee/Director]
- Denise Dombay (Vice President - Until 11/21) [Trustee/Director]
- Peter Schnall (Secretary) [Trustee/Director]
- Pradeep Prabhala (Treasurer) [Trustee/Director]
Official website here: www.capitalareafoodbank.org
Where can I find the form 990 for Capital Area Food Bank Foundation?
The Capital Area Food Bank Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.capitalareafoodbank.org
Learn more at the official website: www.capitalareafoodbank.org
Mission Statement of Capital Area Food Bank Foundation
The Capital Area Food Bank Foundation serves a crucial role in upholding the charitable objectives of the Capital Area Food Bank. Established to support the Food Bank's mission, the Foundation focuses on managing financial resources and carrying out various fundraising campaigns. The Foundation's primary activity is to fundraise and invest funds on behalf of the Capital Area Food Bank. These funds may be allocated towards capital expenditures, an endowment, or other financial purposes.
To further support the Food Bank's efforts, the Foundation manages and directs its investments through the retention of investment advisors. Additionally, the Foundation extends financial assistance to the Capital Area Food Bank by making grants, paying third-party expenses, and engaging in borrowing or loaning transactions. Through these actions, the Capital Area Food Bank Foundation contributes significantly to the Food Bank's capacity to provide essential services to the community.
Impact
This information is meant to be a general summary of Capital Area Food Bank Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Capital Area Food Bank Foundation's impact is focused on supporting the charitable purposes of the Capital Area Food Bank. This includes providing funds for capital expenditures, managing an endowment fund, and other financial purposes to benefit the Food Bank. The Foundation also engages in fundraising campaigns, invests in stocks, bonds, and loans receivable, and makes grants to support the Food Bank financially. Through these efforts, the Foundation plays a crucial role in helping the Food Bank fulfill its mission of addressing food insecurity in the region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2010
Phone
(202) 644-9800
Principal Officer
Radha Muthiah
Main Address
4900 PUERTO RICO AVENUE NE, WASHINGTON, DC, 20017
Website
www.capitalareafoodbank.org
NTEE Category
Code: K11 - Food
If you are a representative of Capital Area Food Bank Foundation 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.