Overview
What is Franklin Township Food Bank?
The Franklin Township Food Bank is a nonprofit organization situated in Somerset, New Jersey. With a modest workforce of 20 individuals, their primary mission is to provide essential food supplies to families in need within the Franklin Township community. They achieve this by accepting both monetary and food donations, which are then distributed to eligible families. The organization's activities focus on the distribution of food, aiming to alleviate hunger and support the well-being of the local community.
Official website here: www.franklinfoodbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Franklin Township Food Bank has received a score of 87% from Charity Navigator, reflecting a strong commitment to accountability and financial management within the organization. This rating is based entirely on their accountability and finance score, indicating that the charity effectively manages its resources and maintains transparency in its operations.
The food bank showcases several organizational strengths, including a fully independent board comprising 12 members, robust financial oversight through an audit committee, and a high program expense ratio of 98.04%. These aspects suggest that the charity is efficient in directing funds to its programs and operations aimed at serving the community. However, it lacks certain policies, such as a conflict of interest policy and a whistleblower policy, which could enhance its governance structure.
While the overall financial health appears solid, with a low liabilities-to-assets ratio and minimal fundraising costs, the absence of some governance policies could be seen as a limitation. Addressing these gaps may strengthen the charity's accountability and build further trust with its stakeholders. Overall, the Franklin Township Food Bank is positioned well in terms of financial accountability but has opportunities for growth in governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin Township Food Bank legitimate?
Franklin Township Food Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Township Food Bank 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: $111,731
Professional Fundraising Fees: $0
Other Salaries and Wages: $347,129
For more financial information, click here
Official website here: www.franklinfoodbank.org
What is the mission statement of Franklin Township Food Bank?
The Franklin Township Food Bank's mission is centered around providing food assistance to eligible families within its community. Through cash and food donations, the organization works diligently to supply nutritious meals to those in need, contributing to their overall well-being. The mission of the Franklin Township Food Bank is essentially to alleviate food insecurity and promote food security among qualified families. The bank's activities are primarily focused on distributing food resources effectively, ensuring that no family goes without essential nourishment.
Official website here: www.franklinfoodbank.org
Who is the CEO of Franklin Township Food Bank?
Barry Gilmore is the Executive Di of Franklin Township Food Bank.
Official website here: www.franklinfoodbank.org
What is the revenue of Franklin Township Food Bank?
Franklin Township Food Bank's revenue in 2022 was $7,572,179.
Official website here: www.franklinfoodbank.org
Who are the executives of Franklin Township Food Bank and what are their salaries?
The average compensation at Franklin Township Food Bank during 2022 was $22,943. There are 20 employees and 83 volunteers at Franklin Township Food Bank.
Here are 13 key members and their salaries:
- Compensation: $111,731
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Official website here: www.franklinfoodbank.org
Where can I find the form 990 for Franklin Township Food Bank?
Franklin Township Food Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.franklinfoodbank.org
Learn more at the official website: www.franklinfoodbank.org
Mission Statement of Franklin Township Food Bank
The Franklin Township Food Bank, as its mission statement suggests, is committed to providing essential food supplies to qualified families residing within Franklin Township. This nonprofit organization achieves this goal by utilizing both monetary donations and food contributions, ensuring that needy families within the community have access to much-needed sustenance. By distributing food to those in need, the Franklin Township Food Bank plays a critical role in alleviating hunger and supporting the well-being of local families.
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Impact
October, 2024
Franklin Township Food Bank plays a crucial role in alleviating food insecurity for qualified families in Franklin Township, NJ. By distributing essential food supplies, it addresses immediate hunger needs and ensures that families have access to nutritious meals. The food bank relies on cash and food contributions, which are allocated effectively to support needy families within the community. This commitment significantly enhances the well-being of residents, fostering a supportive network where families can thrive. The ongoing efforts of the food bank not only provide sustenance but also strengthen community ties by embodying the spirit of compassion and cooperation among local residents.
This information is meant to be a general summary of Franklin Township Food Bank. 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: $8,421
- Gross Receipts: $7,589,595
Assets and Liabilities:
- Total Assets: $2,103,412
- Total Liabilities: $15,312
- Net Assets: $2,088,100
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Organization Details
Phone
(732) 246-0009Principal Officer
Barry Gilmore
Main Address
PO BOX 333, SOMERSET, NJ, 08875
Website
www.franklinfoodbank.orgNTEE Category
Code: K31 - Food
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