Overview
What is Vermont Foodbank?
The Vermont Foodbank, located in Barre, Vermont, functions as the state's only food bank and an independent nonprofit within the Feeding America network. Their mission is to collect and distribute quality food to those in need through partnerships with over 300 community organizations. The nonprofit's operations have seen a significant increase in food insecurity due to the pandemic. In fiscal year 2022, they distributed 12.5 million pounds of food, with almost half being fresh produce, meat, and dairy. The Foodbank also sourced 1.5 million pounds of local food from Vermont farms and worked with various partners to host food distribution events. With increased revenue from private philanthropy and state allocations, the Foodbank has expanded its capabilities, purchasing more food, increasing fresh food distribution, and supporting community partners. Despite the progress, food insecurity rates in Vermont are expected to take another decade to recover to pre-pandemic levels.
Official website here: www.vtfoodbank.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100% (Four-Star out of Four Star Rating)
The Vermont Foodbank has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability, finance, and overall impact. With an impressive Accountability & Finance score of 99 and a perfect Impact & Measurement score of 100, the organization demonstrates a high level of transparency and effectiveness in its operations.
One of the key strengths of the Vermont Foodbank is its program expense ratio, which stands at 89.62%, indicating that a significant portion of its expenses directly supports its mission. Additionally, the fundraising efficiency ratio of $0.062 shows that the organization effectively raises funds with minimal costs. The cost per meal is also notably lower than 75% of the local meal cost, showcasing its commitment to providing affordable food assistance to those in need.
While the organization has a solid financial foundation, with a working capital ratio of 0.91 years, there may be room for improvement in its financial sustainability measures. Overall, the Vermont Foodbank is well-regarded for its impact and accountability, making it a trustworthy choice for donors looking to support effective hunger relief initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Vermont Foodbank legitimate?
Vermont Foodbank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vermont 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: $300,312
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,881,142
For more financial information, click here
Official website here: www.vtfoodbank.org
What is the mission statement of Vermont Foodbank?
The Vermont Foodbank is a non-profit organization that aims to address food insecurity in Vermont by gathering and sharing quality food with individuals and community partners. Their mission is to ensure that no one goes hungry in the state. In fiscal year 2022, they distributed over 12.5 million pounds of food, with nearly half being fresh produce, meat, and dairy. The Foodbank also works with local farms to acquire and share over 1.5 million pounds of local food. In addition to food distribution, they fund grants to network and community partners, totaling over $2.8 million. The Vermont Foodbank's efforts have become increasingly important due to the dramatic increase in food insecurity caused by the pandemic. Preliminary data suggests that 2 in 5 people in Vermont have experienced food insecurity within the past year. The Foodbank anticipates it will take at least another decade for food insecurity rates to return to pre-pandemic levels. Despite the challenges, the Foodbank has seen revenue exceed projections in recent years, enabling them to expand their efforts and provide additional support to community partners.
Official website here: www.vtfoodbank.org
Who is the CEO of Vermont Foodbank?
John Sayles is the Chief Executive Officer of Vermont Foodbank. The CEO's salary of Vermont Foodbank is $162,968 and their total compensation is $192,788.
Official website here: www.vtfoodbank.org
What is the revenue of Vermont Foodbank?
Vermont Foodbank's revenue in 2022 was $36,820,063.
Official website here: www.vtfoodbank.org
Who are the executives of Vermont Foodbank and what are their salaries?
The average compensation at Vermont Foodbank during 2022 was $59,557. There are 87 employees and 691 volunteers at Vermont Foodbank.
Here are 13 key members and their salaries (Vermont Foodbank's CEO's salary is $162,968 and their total compensation is $192,788):
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- Compensation: $162,968
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- Compensation: $108,643
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- Compensation: $101,862
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- Other: $27,615
Official website here: www.vtfoodbank.org
Where can I find the form 990 for Vermont Foodbank?
Vermont Foodbank's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vtfoodbank.org
Learn more at the official website: www.vtfoodbank.org
Mission Statement of Vermont Foodbank
Vermont Foodbank, a prominent non-profit organization in the state, is on a mission to collect and distribute quality food and foster partnerships to ensure no one goes hungry. This independent entity, affiliated with the Feeding America network, works tirelessly to provide nourishing food to individuals and over 300 community partners through schools, hospitals, shelters, and meal sites.
The Vermont Foodbank's primary objective is to alleviate food insecurity in the state. In the past year, they distributed an astounding 12.5 million pounds of food, which accounted for 53% of fresh food, including fruits, vegetables, meat, and dairy. Moreover, they collaborated with local farms to gather and share over 1.5 million pounds of locally-grown produce, worth over $2.4 million. These efforts empowered the organization to deepen its impact in communities and tackle targeted challenges to food access.
The organization's influence extends beyond direct food distribution. In fiscal year 2022, Vermont Foodbank funded more than 340 grants totaling over $2.8 million to network and community partner organizations. These grants touched every county in Vermont, addressing the pressing needs of food-insecure individuals and families. By investing in new ideas and partnerships, the Vermont Foodbank seeks to reduce the future need for large-scale emergency response and maintain its integral role in both regular and emergency charitable food distribution and food access in the state.
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Impact
October, 2024
The Vermont Foodbank has a profound impact on food security across the state, addressing the critical issue of hunger for individuals and families in need. In the fiscal year 2022, it distributed an impressive 12.5 million pounds of food, including 4 million pounds of fresh fruits and vegetables, ensuring that a significant portion—53%—of the food provided was fresh, nutritious fare. This effort involved collaboration with over 200 Vermont farms, sharing more than 1.5 million pounds of local food valued at over $2.4 million.
In response to the dramatic increase in food insecurity exacerbated by the pandemic, the Vermont Foodbank has become a vital resource for many communities. Research shows that two in five people in Vermont faced food insecurity in the past year, a stark contrast to pre-pandemic trends where food insecurity was declining.
The organization not only distributes food but also funds grants to community partners, totaling over $2.8 million to improve local food access solutions. These initiatives included increasing refrigeration capacity at food shelves and establishing direct food distribution channels in partnership with hospitals and schools, thereby reaching an average of 7,400 households monthly.
As other forms of federal and state support diminish, the Vermont Foodbank's role becomes even more critical in meeting the rising demand for food assistance. It continues to innovate in its distribution methods, ensuring safe access to food while also planning for long-term improvements in food access for vulnerable populations. Hence, the Vermont Foodbank is not merely a distributor of food; it is a pivotal force fighting hunger and fostering nutritional well-being statewide.
This information is meant to be a general summary of Vermont 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: -$118,826
- Gross Receipts: $62,502,997
Assets and Liabilities:
- Total Assets: $37,316,599
- Total Liabilities: $1,421,344
- Net Assets: $35,895,255
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Organization Details
Founding Year
1989
Phone
(802) 476-3341Principal Officer
John Sayles
Main Address
33 PARKER ROAD, BARRE, VT, 05641
Website
www.vtfoodbank.orgNTEE Category
Code: K31I - Food
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