Overview
What is Freestore Foodbank Inc?
The Freestore Foodbank Inc, located in Cincinnati, Ohio, has been addressing food insecurity in a 20-county region in Ohio, Kentucky, and Indiana for 52 years. Their mission is to eliminate hunger by improving lives in partnership with their community. They achieve this goal through providing nutritious food, connecting families to supportive services, and ensuring hope through various programs. The majority of their revenue comes from food and product donations. Financial contributions support their programs and services to help eliminate food insecurity in their region. In the 2023 fiscal year, the Freestore Foodbank supplied 38 million meals and served 200,000 food-insecure individuals. A network of over 540 community partners, including soup kitchens, shelters, food pantries, and other social service organizations, assists in distributing emergency food and other essential services. Together, their efforts aim to create a hunger-free, healthy, and thriving community.
Official website here: www.freestorefoodbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%
Freestore Foodbank Inc has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance, impact measurement, culture and community, and leadership adaptability. The organization’s commitment to eliminating hunger in partnership with the community is a central part of its mission, and its vision of a hunger-free, healthy community underscores its ambitious goals.
The nonprofit demonstrates exceptional efficiency, with a Program Expense Ratio of 93.81% indicating a strong focus on program delivery rather than administrative costs. Its fundraising efficiency ratio is notably low at $0.03, suggesting that it effectively manages resources to maximize contributions toward its mission. Additionally, the high scores in various operational categories indicate robust internal practices and a commitment to transparency.
However, the Working Capital Ratio of 0.44 years may raise some concerns regarding short-term financial sustainability. While the organization excels in several areas, maintaining financial health will be crucial for its long-term operations and ability to serve the community effectively. Overall, Freestore Foodbank Inc stands out as a highly rated nonprofit with a clear mission and effective operational strategies.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Freestore Foodbank Inc?
92% of 53 reviewers on Facebook recommend Freestore Foodbank Inc. Here's a summary of their insights:
Overall, many supporters appreciate the organization's mission and its role in assisting those in need within the community. Many individuals recognize the valuable services provided, highlighting the positive impact on families and individuals facing food insecurity. However, some reviews express serious concerns regarding the demeanor and professionalism of the staff, suggesting that customer service could significantly improve.
While the majority of reviewers advocate for the Freestore Foodbank due to its essential services, there are notable criticisms about employee behavior that could detract from the program's effectiveness. These mixed sentiments indicate a need for improvement in staff interactions to enhance overall user experience, while still showcasing the vital support this nonprofit offers to those who require assistance.
This AI summary has been generated from reviews found on Facebook.
Is Freestore Foodbank Inc legitimate?
Freestore Foodbank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freestore Foodbank 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: $1,161,757
Professional Fundraising Fees: $1,278,891
Other Salaries and Wages: $8,089,419
For more financial information, click here
Official website here: www.freestorefoodbank.org
What is the mission statement of Freestore Foodbank Inc?
The Freestore Foodbank Inc is dedicated to enhancing lives by eradicating hunger in collaboration with the community. This mission has been pursued for over five decades, initially serving neighbors in need in Cincinnati, Ohio, and expanding to a 20-county region in Ohio, Kentucky, and Indiana. The Foodbank's ultimate goal is to create a hunger-free, healthy, and thriving community. To achieve this, they focus on providing nutritious food, connecting families to supportive services, and ensuring hope through various programs. These programs include initiatives for long-term stability and workforce development. The majority of the organization's revenue comes from food and product donations. Financial contributions are used to support their programs and services, with the aim of eliminating food insecurity in their region. The Freestore Foodbank distributed 38 million meals in the 2023 fiscal year, assisting over 200,000 food-insecure individuals. With a network of over 540 community partners, they distribute emergency food and other social services to those in need.
Official website here: www.freestorefoodbank.org
Who is the CEO of Freestore Foodbank Inc?
Kurt L Reiber is the CEO of Freestore Foodbank Inc The CEO's salary of Freestore Foodbank Inc is $347,000 and their total compensation is $385,938.
Official website here: www.freestorefoodbank.org
What is the revenue of Freestore Foodbank Inc?
Freestore Foodbank Inc's revenue in 2024 was $94,237,479.
Official website here: www.freestorefoodbank.org
Who are the executives of Freestore Foodbank Inc and what are their salaries?
The average compensation at Freestore Foodbank Inc during 2024 was $57,461. There are 161 employees and 11654 volunteers at Freestore Foodbank Inc.
Here are 37 key members and their salaries (Freestore Foodbank Inc's CEO's salary is $347,000 and their total compensation is $385,938):
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Official website here: www.freestorefoodbank.org
Where can I find the form 990 for Freestore Foodbank Inc?
Freestore Foodbank Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.freestorefoodbank.org
Learn more at the official website: www.freestorefoodbank.org
Mission Statement of Freestore Foodbank Inc
Freestore Foodbank Inc, a renowned nonprofit organization, is dedicated to enhancing lives by eliminating hunger in partnership with the community. Established over five decades ago in Ohio, Kentucky, and Indiana, the mission of this humanitarian entity is to make a significant impact by eradicating hunger. With a clear vision of a hunger-free, healthy, and thriving community, Freestore Foodbank focuses on providing nutritious food, connecting families to supportive services, and ensuring hope through various pathways from crisis to stability.
The organization's primary objectives include supplying nourishing meals, bridging families to essential assistance, and fostering a sense of optimism through programs that promote long-term stability and workforce development. The majority of Freestore Foodbank's revenue comes from food and product donations, while financial contributions are sought to support its programs and services. In the most recent fiscal year, the organization distributed an impressive 38 million meals, catering to the needs of approximately 200,000 food-insecure individuals in the region. This remarkable effort would not be possible without the support of a robust network of over 540 community partners, encompassing soup kitchens, shelters, food pantries, churches, daycare centers, senior centers, school program sites, and other community and social service organizations. Together, Freestore Foodbank and its partners collaborate tirelessly to resolve hunger and uplift the lives of those in need.
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Impact
October, 2024
Freestore Foodbank Inc has significantly impacted the community by addressing hunger and food insecurity across a 20-county region in Ohio, Kentucky, and Indiana. Over the past 52 years, the organization has dedicated itself to improving lives through the provision of nutritious food and supportive services. In the 2023 fiscal year alone, Freestore Foodbank supplied 38 million meals, assisting approximately 200,000 individuals facing food insecurity.
By working collaboratively with a trusted network of more than 540 community partners, including soup kitchens, shelters, food pantries, and other social service organizations, Freestore Foodbank effectively distributes emergency food and services to those in need. Their mission extends beyond immediate food relief; it encompasses long-term stability initiatives, workforce development programs, and connections to essential support services, all aimed at fostering a hunger-free, healthy, and thriving community. Through these efforts, Freestore Foodbank is not just alleviating hunger but also promoting pathways to stability and hope for individuals and families in the region.
This information is meant to be a general summary of Freestore Foodbank 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: $468,514
- Program Service Revenue: $4,122,417
- Gross Receipts: $95,074,764
Assets and Liabilities:
- Total Assets: $75,560,060
- Total Liabilities: $43,053,518
- Net Assets: $32,506,542
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER AGENCIES
Revenue
$3,308,752
PRIVATE ORGANIZATIONS
Revenue
$656,328
MISCELLANEOUS PROGRAM REVENUE
Revenue
$81,686
CLIENT SERVICES
Revenue
$68,822
SOCIAL ENTERPRISES
Revenue
$6,829
Organization Details
Founding Year
1971
Principal Officer
Kurt Reiber
Website
www.freestorefoodbank.orgNTEE Category
Code: K31Z - Food
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