Overview
What is The Milk Bank Inc?
The Milk Bank Inc is a nonprofit organization, supported by the community, situated in Indianapolis, Indiana. Its primary mission is to enhance health outcomes for premature and sick babies, promote better health for children, and decrease healthcare expenditures. They achieve this by receiving donated human milk from thoroughly screened donors, subjecting it to pasteurization, freezing, and distribution across the United States. This practice supports the well-being of infants and contributes to improved health outcomes. The organization currently employs 24 individuals.
Official website here: www.themilkbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Milk Bank Inc has received a strong rating of 95% from Charity Navigator, reflecting its commitment to accountability and financial health. The majority of the score derives from an impressive 96% in Accountability & Finance, showcasing robust fiscal management practices and strong governance, including a fully independent board. The organization has demonstrated transparency through various policies and has effectively managed its resources, with a program expense ratio of 81.56%, indicating that a significant portion of its budget is devoted to its mission.
The leadership of The Milk Bank Inc is rated highly at 100%, highlighting the organization's investment in leadership development and adaptability. This is particularly notable in their response to challenges, such as the national formula shortage, where they successfully expanded services to support hundreds of additional infants. This level of adaptability points to a proactive approach in addressing community needs.
However, while the organization performs well in many areas, its Culture & Community score stands at 81%. Although this rating is still commendable, it indicates room for improvement in building a stronger community engagement or internal culture. Overall, The Milk Bank Inc exemplifies a well-managed nonprofit that is effectively serving its mission while maintaining high standards of accountability and leadership.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Milk Bank Inc?
92% of 48 reviewers on Facebook recommend The Milk Bank Inc. Here’s an overview of their comments:
Many users express gratitude for the supportive and informative experience they had while donating. One donor noted that, despite the long process, the staff at The Milk Bank were always available to answer questions and provide assistance. The donation process is described as straightforward and fulfilling, with an emphasis on the positive impact it has on infants in need of breastmilk.
Overall, patrons feel that The Milk Bank effectively delivers on its mission, enabling individuals to contribute to a cause that helps vulnerable babies. Donors appreciate the organization’s dedication to making the experience rewarding and stress the importance of the service provided.
This AI summary has been generated from reviews found on Facebook.
Is The Milk Bank Inc legitimate?
The Milk Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Milk Bank 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: $121,844
Professional Fundraising Fees: $0
Other Salaries and Wages: $814,010
For more financial information, click here
Official website here: www.themilkbank.org
What is the mission statement of The Milk Bank Inc?
The Milk Bank Inc, established as a non-profit organization, was founded with the mission to enhance health outcomes for premature and sick babies. This is achieved by providing access to safe human milk. By sourcing milk from thoroughly screened donors, the organization pursues better health for children and contributes to reducing healthcare expenses. Through pasteurization, freezing, and distribution across the United States, The Milk Bank Inc plays a crucial role in improving health outcomes for these vulnerable infants.
Official website here: www.themilkbank.org
What is the revenue of The Milk Bank Inc?
The Milk Bank Inc's revenue in 2024 was $3,325,285.
Official website here: www.themilkbank.org
Who are the executives of The Milk Bank Inc and what are their salaries?
The average compensation at The Milk Bank Inc during 2024 was $34,661. There are 27 employees and 175 volunteers at The Milk Bank Inc.
Here are 25 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $111,372
- Related: $0
- Other: $10,472
Official website here: www.themilkbank.org
Where can I find the form 990 for The Milk Bank Inc?
The Milk Bank Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.themilkbank.org
Learn more at the official website: www.themilkbank.org
Mission Statement of The Milk Bank Inc
The Milk Bank Inc, established as a non-profit entity, is dedicated to improving health outcomes for premature and ill babies. Their primary mission is to save infant lives and enhance health outcomes by providing access to safe human milk. This organization achieves its goal by receiving donated human milk from meticulously screened donors. The milk is then pasteurized, frozen, and distributed across the United States. By doing so, The Milk Bank Inc aims to foster better health for children, decrease healthcare expenditures, and ultimately contribute to improved overall health outcomes.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The Milk Bank Inc saves infant lives and improves health outcomes by providing access to safe human milk. They receive human milk from carefully screened donors, pasteurize, freeze, and distribute it throughout the United States. The organization's impact includes improving health outcomes for premature and ill babies, fostering better health for children, and decreasing healthcare expenditures.
This information is meant to be a general summary of The Milk Bank 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: $110,985
- Program Service Revenue: $2,896,204
- Gross Receipts: $3,327,376
Assets and Liabilities:
- Total Assets: $3,169,254
- Total Liabilities: $1,205,290
- Net Assets: $1,963,964
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MILK PROCESSING FEES
Revenue
$2,896,204
Organization Details
Founding Year
2004
Principal Officer
Freedom Kolb
Website
www.themilkbank.orgNTEE Category
Code: E60 - Health
If you are a representative of The Milk Bank Inc 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.