Overview
What is Cortland Loaves & Fishes Inc?
Cortland Loaves & Fishes Inc is a nonprofit organization that focuses on addressing food insecurity in the community. Their primary mission is to provide meals to those in need through a soup kitchen. The organization has managed to maintain its meal program's continuity thanks to consistent community support and special events. The soup kitchen serves as a vital source of nourishment for individuals struggling with food scarcity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Cortland Loaves & Fishes Inc has achieved a respectable rating of 80%, indicating a solid level of accountability and financial health. The organization scored particularly well in its board governance, with 10 out of 10 points for having a majority of independent board members and a fully independent board size. Additionally, there is no material diversion of assets, reflecting strong financial integrity.
The charity also excels in its program expense ratio, with an impressive 92.34%, which means that a significant portion of its funds is directed towards program services rather than administrative costs. Furthermore, the organization has established a conflict of interest policy and maintains documentation of board meeting minutes, enhancing its transparency and governance practices.
While the charity shows strong performance in various governance aspects and financial ratios, maintaining and improving these standards will be crucial as it continues to serve its community. The effective use of resources and strong accountability measures suggest that donors can have confidence in Cortland Loaves & Fishes Inc's operations.
This AI summary has been generated from information found on Charity Navigator.
Is Cortland Loaves & Fishes Inc legitimate?
Cortland Loaves & Fishes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cortland Loaves & Fishes 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: $51,925
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,324
For more financial information, click here
What is the mission statement of Cortland Loaves & Fishes Inc?
Cortland Loaves & Fishes Inc, as an organization, is dedicated to serving the needs of individuals in distress by providing nutritious meals. They accomplish this through the operation of a soup kitchen. The organization has managed to maintain and strengthen its meals program by consistently receiving assistance from the community and by organizing special events. Cortland Loaves & Fishes Inc's efforts contribute to alleviating hunger and offering a nourishing meal to those who require it.
What is the revenue of Cortland Loaves & Fishes Inc?
Cortland Loaves & Fishes Inc's revenue in 2024 was $226,683.
Who are the executives of Cortland Loaves & Fishes Inc and what are their salaries?
The average compensation at Cortland Loaves & Fishes Inc during 2024 was $11,893. There are 7 employees and 25 volunteers at Cortland Loaves & Fishes Inc.
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Where can I find the form 990 for Cortland Loaves & Fishes Inc?
Cortland Loaves & Fishes Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Cortland Loaves & Fishes Inc
Cortland Loaves & Fishes Inc, a nonprofit organization, is committed to providing nourishment to those in need. They accomplish this mission through a soup kitchen, offering meals as a vital resource to individuals who are struggling. The organization has managed to maintain the continuity of its meals program by consistently receiving community support and by hosting special events.
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Impact
October, 2024
Cortland Loaves & Fishes Inc significantly impacts the community by addressing food insecurity through its soup kitchen, providing essential meals to those in need. By cultivating strong community support and actively organizing special events, the organization has effectively sustained its meal program, allowing it to serve a vital role in the lives of vulnerable individuals in Cortland, NY. The efforts of Cortland Loaves & Fishes foster a sense of community and solidarity, ensuring that no one goes hungry while promoting compassion and support among residents.
This information is meant to be a general summary of Cortland Loaves & Fishes 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: $18,113
- Gross Receipts: $276,291
Assets and Liabilities:
- Total Assets: $256,918
- Total Liabilities: $4,526
- Net Assets: $252,392
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Organization Details
Founding Year
2003
Principal Officer
Thomas Caminiti
NTEE Category
Code: K30 - Food
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