Fredericksburg Regional Food Bank
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Fredericksburg Regional Food Bank meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to unite the Central Rappahannock region in our commitment to reduce hunger."
Year, State Incorporated:
1984, VA
The Fredericksburg Regional Food Bank (FRFB) provides a regional response to hunger in the vicinity of Fredericksburg, Virginia, specifically in the counties of Caroline, King George, Spotsylvania, and Stafford, as well as the city of Fredericksburg and community of Locust Grove. The organization reports increasing community food access for tens of thousands of area residents annually by soliciting donated food supplies, handling and storing those supplies, and cultivating partnerships to yield food distribution sites within local communities. These distribution partnerships are complemented by direct distribution services including children's and senior nutrition programs, mobile distributions, and enrollment of those eligible for SNAP (Supplemental Nutrition Assistance Program) benefits. During the year ending June 30, 2023, the organization reports serving more than 40,000 people and providing access to approximately 7.5 million meals.
For the year ended June 30, 2023, Fredericksburg Regional Food Bank's program expenses were:
| Family food distribution | $14,926,908 |
| Children food distribution | $625,612 |
| Seniors food distribution | $732,179 |
| Total Program Expenses | $16,284,699 |
Chair of the Board
Jackie Palmer
Chair's Profession / Business Affiliation
Division President, McLane Company
Board Size
14
Paid Staff Size
48
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Telemarketing, Foundation grants, Print advertisements
Fundraising costs were 5% of related contributions. (Related contributions, which totaled $16,994,256, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Fredericksburg Regional Food Bank's audited financial statements for the year ended June 30, 2023.
Source of Funds
| Other fees | $5,278 |
| Interest and dividends | $21,820 |
| Fundraising events | $65,409 |
| Program service fees | $108,719 |
| Gains on investment | $146,088 |
| Contributions | $2,933,918 |
| Federal grants | $3,143,771 |
| Donated materials | $10,851,158 |
| Total Income | $17,276,161 |
Programs: 93% Fundraising: 4% Administrative: 3%
| Total Income | $17,276,161 |
| Total expenses: | $17,508,788 |
| Program expenses | $16,284,699 |
| Fundraising expenses | $781,816 |
| Administrative expenses | $442,273 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-232,627 |
| Beginning Net Assets | $8,434,211 |
| Other Changes In Net Assets | $-49,906 |
| Ending Net Assets | $8,151,678 |
| Total Liabilities | $1,282,061 |
| Total Assets | $9,433,739 |
Note 1: According to FRFB's audited financial statements for the year ended June 30, 2023, the organization received in-kind contributions of $10,851,158 in food and supplies.
Note 2: In the financial summary above, "other changes in net assets" refers to the change in value of split interest agreement.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Standards Not Met
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance