Overview
What is Interchange Inc?
Interchange Inc, situated in Milwaukee, Wisconsin, is a nonprofit organization dedicated to offering emergency food assistance to those in need. With a modest workforce of seven individuals, the organization operates from a single, permanent location, providing essential aid to the community four times a week. The mission of Interchange Inc is deeply rooted in its commitment to alleviating food insecurity in the area, ensuring that no individuals go without essential provisions.
Official website here: www.interchangefoodpantry.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Interchange Inc has earned a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization achieved a score of 96%, indicating that it operates with a high level of transparency and financial responsibility. This rating is based entirely on its Accountability & Finance score, showcasing its commitment to effective resource management.
The nonprofit boasts a fully independent board, with 100% of its members being independent, which enhances governance and oversight. It also excels in areas such as financial statement audits and the absence of material asset diversion. The organization has a solid program expense ratio of over 96%, ensuring that the majority of its resources are directed towards its programs rather than administrative costs.
Despite its strengths, the summary does not highlight any specific limitations or areas for improvement, which suggests that Interchange Inc maintains a robust operational standard. Overall, the organization appears to be well-managed and dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Interchange Inc legitimate?
Interchange Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Interchange 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: $50,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,630
For more financial information, click here
Official website here: www.interchangefoodpantry.org
What is the mission statement of Interchange Inc?
Interchange Inc is committed to delivering emergency food aid to individuals in need, operating primarily within Milwaukee. Their mission is centered around alleviating hunger, providing essential nourishment to those who are financially struggling. The organization maintains a single, permanent pantry facility, which is accessible to the public on a regular schedule, offering food assistance four times a week.
Official website here: www.interchangefoodpantry.org
Who is the CEO of Interchange Inc?
Allyson Nemec is the Executive Director of Interchange Inc.
Official website here: www.interchangefoodpantry.org
What is the revenue of Interchange Inc?
Interchange Inc's revenue in 2022 was $1,014,681.
Official website here: www.interchangefoodpantry.org
Who are the executives of Interchange Inc and what are their salaries?
The average compensation at Interchange Inc during 2022 was $12,947. There are 7 employees and 40 volunteers at Interchange Inc.
Here are 15 key members and their salaries:
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Official website here: www.interchangefoodpantry.org
Where can I find the form 990 for Interchange Inc?
Interchange Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.interchangefoodpantry.org
Learn more at the official website: www.interchangefoodpantry.org
Mission Statement of Interchange Inc
Interchange Inc, a nonprofit organization, is committed to providing essential aid to individuals in need, specifically focusing on emergency food assistance in Milwaukee. This mission is carried out through the organization's primary activity, which involves offering nutritional support to those who are struggling financially. The pantry operated by Interchange Inc maintains a permanent location, and it opens its doors to the community four times a week, ensuring that assistance is readily available to those in need.
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Impact
October, 2024
Interchange Inc plays a crucial role in addressing food insecurity in Milwaukee by providing emergency food assistance to individuals in need. Operating from a permanent pantry location, the organization is accessible to the community four times each week, ensuring that those facing hunger have a reliable resource for nourishing food. By directly alleviating immediate hunger, Interchange Inc makes a significant impact on the well-being of countless individuals, contributing to improved health outcomes and increased stability for families experiencing financial hardship. Its ongoing efforts foster a sense of community support, helping to mitigate the effects of food scarcity and promote dignity for its beneficiaries.
This information is meant to be a general summary of Interchange 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 2022.
- Investment Income: $77
- Gross Receipts: $1,014,681
Assets and Liabilities:
- Total Assets: $399,223
- Total Liabilities: $1,043
- Net Assets: $398,180
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Organization Details
Founding Year
2003
Phone
(414) 276-0988Principal Officer
Allyson Nemec
Main Address
1105 N WAVERLY PLACE, MILWAUKEE, WI, 532023427
NTEE Category
Code: K31Z - Food
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