Overview
What is Merrimack Valley Food Bank Inc?
Merrimack Valley Food Bank Inc, situated in Lowell, Massachusetts, is a dedicated nonprofit organization with a mission to combat hunger and food insecurity. They achieve this by supplying nutritious food and essential personal care items to various emergency feeding programs serving low-income, homeless, and hungry individuals. As one of the four food banks in Massachusetts, they support food pantries, shelters, and meal programs that cater to the needs of numerous families and individuals in the region. The organization's main objective is to address the fundamental human need for adequate nutrition and to help eliminate hunger through cooperative efforts and strategic initiatives. With a workforce of 22 dedicated individuals, Merrimack Valley Food Bank Inc works tirelessly to contribute to the well-being of the community.
Official website here: www.mvfb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
Merrimack Valley Food Bank Inc has achieved a commendable Four-Star rating on Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 93% overall, with the highest marks in various categories such as independent board governance, material diversion of assets, and effective financial oversight, indicating a high level of transparency and responsible management of resources.
The nonprofit demonstrates financial health with a program expense ratio of 94.42%, meaning that a significant majority of its spending directly supports its mission. Additionally, its fundraising efficiency is impressive, costing only one cent to raise a dollar. This efficient use of funds allows the organization to maximize the impact of donations on the community it serves.
However, the organization does lack a conflict of interest policy, which is noted as a limitation. Despite this, the strong governance structure and financial practices suggest a robust commitment to accountability, making Merrimack Valley Food Bank a reputable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Merrimack Valley Food Bank Inc?
98% of 13 reviewers on Facebook recommend Merrimack Valley Food Bank Inc. Here is a summary of their reviews:
The overwhelming sentiment among those who shared their experiences is one of appreciation for the vital services the food bank provides. Many users highlighted the organization's commitment to assisting individuals and families facing food insecurity, showcasing its role as a critical resource in the community.
Overall, the feedback reflects a strong endorsement of the mission and effectiveness of Merrimack Valley Food Bank, with supporters expressing confidence in its ability to make a positive impact on those in need.
This AI summary has been generated from reviews found on Facebook.
Is Merrimack Valley Food Bank Inc legitimate?
Merrimack Valley Food Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merrimack Valley Food 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: $73,401
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mvfb.org
What is the mission statement of Merrimack Valley Food Bank Inc?
The Merrimack Valley Food Bank's mission is centered around addressing the fundamental need of individuals and families for adequate nutrition and freedom from hunger. Recognizing that societal change and hunger alleviation can only be initiated through collective efforts, the food bank focuses on developing strategies to combat hunger and contribute to the overall well-being of people. By providing nutritious food and personal care items, the Merrimack Valley Food Bank supports emergency feeding programs serving low-income, homeless, and hungry individuals. The food bank is one of four in Massachusetts, contributing to food pantries, shelters, and meal programs that cater to the needs of numerous individuals and families.
Official website here: www.mvfb.org
What is the revenue of Merrimack Valley Food Bank Inc?
Merrimack Valley Food Bank Inc's revenue in 2023 was $8,360,847.
Official website here: www.mvfb.org
Who are the executives of Merrimack Valley Food Bank Inc and what are their salaries?
The average compensation at Merrimack Valley Food Bank Inc during 2023 was $3,191. There are 23 employees and 310 volunteers at Merrimack Valley Food Bank Inc.
Here are 24 key members and their salaries:
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- Compensation: $73,402
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- Other: $7,939
Official website here: www.mvfb.org
Where can I find the form 990 for Merrimack Valley Food Bank Inc?
Merrimack Valley Food Bank Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mvfb.org
Learn more at the official website: www.mvfb.org
Mission Statement of Merrimack Valley Food Bank Inc
Merrimack Valley Food Bank Inc, a crucial organization, is dedicated to addressing the fundamental need of individuals and families living in poverty, homelessness, or hunger. Their primary focus is on providing nutritious food and essential personal care items to emergency feeding programs across their operational area. The mission of Merrimack Valley Food Bank Inc is rooted in the belief that collaborative efforts can catalyze societal change and contribute to the overall well-being of all people. By supplying nutritional resources, they aim to alleviate hunger and contribute to a more equitable society. The food bank serves as a vital link in the food distribution chain, supporting food pantries, shelters, and meal programs that directly impact the lives of those in need.
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Impact
October, 2024
Merrimack Valley Food Bank Inc plays a crucial role in addressing food insecurity and enhancing the well-being of individuals and families in the Lowell, MA area. By providing nutritious food and personal care items to emergency feeding programs, the organization directly supports low-income, homeless, and hungry populations.
It serves as a vital resource for food pantries, shelters, and meal programs across the region, ensuring that those in need have access to essential nourishment. The food bank’s mission centers on alleviating hunger and meeting the most basic human need: adequate nutrition. Through collaborative efforts, it strives to not only provide immediate relief but also initiate broader change to combat the systemic issues that lead to food scarcity.
By focusing on community partnership and strategic outreach, Merrimack Valley Food Bank Inc is at the forefront of creating a healthier, more nourished population, ultimately working towards a future where hunger is no longer a barrier to well-being.
This information is meant to be a general summary of Merrimack Valley Food 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 2023.
- Investment Income: $21,339
- Program Service Revenue: $70,677
- Gross Receipts: $8,689,524
Assets and Liabilities:
- Total Assets: $5,091,196
- Total Liabilities: $61,851
- Net Assets: $5,029,345
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$70,677
Organization Details
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