Overview
What is Sauk Valley Foodbank?
The Sauk Valley Foodbank is a nonprofit organization dedicated to alleviating food scarcity in its local area. By distributing food supplies and offering shared maintenance services to partnering pantries, the Foodbank plays a crucial role in extending food assistance to those in need. The Foodbank's mission is centered around this distribution process, empowering the connected pantries to effectively distribute these essential resources to their respective communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Sauk Valley Foodbank has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while the organization operates with a high program expense ratio of nearly 100%, it faces significant challenges in accountability and transparency. The lack of financial statements and missing policies for conflict of interest, whistleblowing, and document retention raise concerns about governance practices within the organization.
On a positive note, Sauk Valley Foodbank boasts a fully independent board and has demonstrated no material diversion of assets, which underscores its commitment to ethical management. Additionally, their liabilities to assets ratio is exceptionally low, suggesting strong financial health in terms of meeting obligations.
However, the absence of critical financial documentation and policies detracts from its overall score. Improving these areas could enhance their accountability and potentially boost their rating, allowing them to gain greater trust and support from the community and donors.
This AI summary has been generated from information found on Charity Navigator.
Is Sauk Valley Foodbank legitimate?
Sauk Valley Foodbank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sauk Valley Foodbank 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,358
For more financial information, click here
What is the mission statement of Sauk Valley Foodbank?
The Sauk Valley Foodbank's mission involves distributing food and offering maintenance support to local pantries. These pantries, in turn, provide essential nourishment to individuals who are in need. By doing so, the foodbank contributes significantly to alleviating food insecurity within its community. The foodbank's role is pivotal in ensuring that these pantries function effectively, thereby ensuring a continuous supply of food for those who rely on them.
Who is the CEO of Sauk Valley Foodbank?
Paige Toms is the President of Sauk Valley Foodbank.
What is the revenue of Sauk Valley Foodbank?
Sauk Valley Foodbank's revenue in 2022 was $4,990,057.
Who are the executives of Sauk Valley Foodbank and what are their salaries?
The average compensation at Sauk Valley Foodbank during 2022 was $8,097. There are 14 employees at Sauk Valley Foodbank.
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Where can I find the form 990 for Sauk Valley Foodbank?
Sauk Valley Foodbank's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sauk Valley Foodbank
Sauk Valley Foodbank, a nonprofit organization, plays a crucial role in addressing food insecurity within its community. Its primary mission is to distribute food and offer shared maintenance services to local pantries. These pantries, in turn, distribute the food to individuals and families in need. By doing so, Sauk Valley Foodbank acts as a vital link in the supply chain, ensuring that those who are struggling to afford nutritious meals have access to them. This mission is carried out with the goal of alleviating hunger and promoting food security within the community, ultimately contributing to a healthier and more sustainable living environment for all.
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Impact
October, 2024
Sauk Valley Foodbank plays a crucial role in combating food insecurity within the community. By distributing food and offering shared maintenance to local pantries, it ensures that nutritious meals reach individuals and families in need. This support not only addresses immediate hunger but also strengthens the local food network, enabling pantries to operate more effectively. Through its efforts, Sauk Valley Foodbank has become a vital resource for many, fostering a sense of community and support among those facing food challenges in Sterling, IL.
This information is meant to be a general summary of Sauk Valley Foodbank. 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 2022.
- Investment Income: $595
- Gross Receipts: $5,036,498
Assets and Liabilities:
- Total Assets: $718,686
- Total Liabilities: $2,550
- Net Assets: $716,136
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Organization Details
Founding Year
2003
Phone
(815) 626-4556Principal Officer
Paige Toms
Main Address
1714 INDUSTRIAL DRIVE, STERLING, IL, 61081
NTEE Category
Code: K30 - Food
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