Overview
What is Loaves & Fishes Food Pantry Inc?
Loaves & Fishes Food Pantry Inc is a compassionate nonprofit organization located in Ayer, Massachusetts. With a team of 11 dedicated individuals, their primary mission is to offer nutritious food to those in need, serving approximately 300-400 families each month. This mission is carried out in an atmosphere of kindness and respect, extending to residents of Ayer, Devens, Dunstable, Groton, Harvard, Littleton, and Shirley. The pantry's activities are focused on providing essential sustenance, aiming to uplift and support the community.
Official website here: www.loavesfishespantry.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
Loaves & Fishes Food Pantry Inc has achieved a Four-Star out of Four Star rating from Charity Navigator, highlighting its strong performance in accountability and finance. The organization scored exceptionally well in key areas such as having a fully independent board and a high program expense ratio of 85.60%, indicating that a significant portion of its funding is directed towards its mission of providing food assistance.
Strengths of Loaves & Fishes include its robust oversight mechanisms, as evidenced by perfect scores in financial statements, material diversion of assets, and the absence of loans to officers. Additionally, the organization has established policies around conflicts of interest and ensures that board meeting minutes are documented, further reflecting its commitment to transparency and responsible governance.
However, there are noted limitations, including the absence of a whistleblower policy and a document retention and destruction policy, which resulted in low scores in those areas. While these gaps do not overshadow the organization's overall performance, they indicate areas for potential improvement to strengthen its governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is Loaves & Fishes Food Pantry Inc legitimate?
Loaves & Fishes Food Pantry Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loaves & Fishes Food Pantry 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $125,513
Professional Fundraising Fees: $0
Other Salaries and Wages: $222,643
For more financial information, click here
Official website here: www.loavesfishespantry.org
What is the mission statement of Loaves & Fishes Food Pantry Inc?
Loaves & Fishes Food Pantry Inc's mission is centered around providing nutritious food to individuals in need, fostering an atmosphere of kindness and respect. Their primary objective is to serve communities in Ayer, Devens, Dunstable, Groton, Harvard, Littleton, and Shirley. The food pantry's mission is to ensure that these individuals have access to adequate nourishment, catering to around 300-400 families each month.
Official website here: www.loavesfishespantry.org
What is the revenue of Loaves & Fishes Food Pantry Inc?
Loaves & Fishes Food Pantry Inc's revenue in 2024 was $2,424,405.
Official website here: www.loavesfishespantry.org
Who are the executives of Loaves & Fishes Food Pantry Inc and what are their salaries?
The average compensation at Loaves & Fishes Food Pantry Inc during 2024 was $29,013. There are 12 employees and 505 volunteers at Loaves & Fishes Food Pantry Inc.
Here are 13 key members and their salaries:
- Compensation: $120,172
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Official website here: www.loavesfishespantry.org
Where can I find the form 990 for Loaves & Fishes Food Pantry Inc?
Loaves & Fishes Food Pantry Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.loavesfishespantry.org
Learn more at the official website: www.loavesfishespantry.org
Mission Statement of Loaves & Fishes Food Pantry Inc
Loaves & Fishes Food Pantry Inc is an organization dedicated to providing nutritious food to individuals in need. Its mission is carried out in an atmosphere of kindness and respect, extending its services to communities including Ayer, Devens, Dunstable, Groton, Harvard, Littleton, and Shirley. The primary objective of Loaves & Fishes Food Pantry Inc is to cater to the nutritional needs of these communities, serving approximately 300-400 families each month. The organization operates with a sense of compassion, ensuring that those in need are treated with the respect they deserve.
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Impact
July, 2024
Loaves & Fishes Food Pantry Inc impacts the community by providing nutritious food to individuals in need residing in Ayer, Devens, Dunstable, Groton, Harvard, Littleton, and Shirley. Serving approximately 300-400 families each month, the organization offers a vital service to those facing food insecurity. Their mission, carried out with kindness and respect, ensures that vulnerable individuals have access to essential nourishment, contributing to the well-being of the community.
This information is meant to be a general summary of Loaves & Fishes Food Pantry Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2024.
- Investment Income: $89,159
- Program Service Revenue: $20,030
- Gross Receipts: $2,482,558
Assets and Liabilities:
- Total Assets: $4,206,589
- Total Liabilities: $32,340
- Net Assets: $4,174,249
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$20,030
Organization Details
Founding Year
2002
Principal Officer
Mary Timmons
Website
www.loavesfishespantry.orgNTEE Category
Code: P60 - Human services
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