Overview
What is Loaves & Fishes Inc?
Loaves & Fishes Inc, established in 2012, is a nonprofit organization situated in Las Cruces, New Mexico. Their primary mission is to administer the Commodity Supplemental Food Program (CSFP) for the elderly residing in southern New Mexico. This program, funded by the USDA through the New Mexico Human Services Department, aims to distribute a monthly supply of nutritious food to low-income elderly individuals aged 60 and above who are at risk of malnutrition. Loaves & Fishes Inc is responsible for warehousing, certifying eligible participants, managing inventory, and ensuring the timely distribution of these food supplies. This initiative serves as a crucial supplement to their diet, contributing to their overall health and well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Loaves & Fishes Inc has earned an 82% rating from Charity Navigator, reflecting a strong performance in accountability and finance. This score is significant as it is based entirely on the organization's financial practices, indicating a solid foundation for donor confidence. The high score suggests that the charity is effectively managing its resources and maintaining transparency in its operations.
The nonprofit boasts an excellent accountability score, with 100% of its board members being independent, ensuring objectivity in governance. The organization also scores full points in essential areas, such as financial statement oversight and the absence of asset diversion, further enhancing its credibility. Additionally, a notable program expense ratio of 97.69% indicates that a substantial portion of funds is directed towards its mission.
While the rating reflects strong financial practices, there are no specific mentions of programmatic outcomes or community impact in the provided data. Potential donors may want to explore further details about the organization's programs and their effectiveness to fully assess the charity's overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Loaves & Fishes Inc legitimate?
Loaves & Fishes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loaves & Fishes 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $191,809
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What is the mission statement of Loaves & Fishes Inc?
Loaves & Fishes Inc., established in 2012, is primarily dedicated to managing the Commodity Supplemental Food Program (CSFP) for the elderly population residing in southern New Mexico. The primary objective of this program is to provide a monthly supply of nutritious food from the United States Department of Agriculture (USDA) to supplement the diet of low-income elderly individuals who are at risk of malnutrition, ensuring they maintain a balanced and nutritious diet. Loaves & Fishes Inc. is responsible for the warehousing, certification of eligible participants, inventory control, and the ultimate distribution of these food supplies, all of which are funded by the USDA through the New Mexico Human Services Department.
Who is the CEO of Loaves & Fishes Inc?
Maria Silva Sutton is the Treasurer of Loaves & Fishes Inc.
What is the revenue of Loaves & Fishes Inc?
Loaves & Fishes Inc's revenue in 2022 was $1,454,662.
Who are the executives of Loaves & Fishes Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Loaves & Fishes Inc?
Loaves & Fishes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Loaves & Fishes Inc
Loaves & Fishes Inc, established in 2012, is dedicated to serving the elderly population in southern New Mexico by administering the Commodity Supplemental Food Program (CSFP). This organization's mission is centered around providing nutritious food supplies to low-income individuals who are 60 years of age or older, and are at risk of malnutrition. The Commodity Supplemental Food Program, funded by the United States Department of Agriculture (USDA) and the New Mexico Human Services Department, is instrumental in providing Loaves & Fishes Inc with the necessary resources to distribute a monthly food "box" filled with nutritious items. This program enables the organization to undertake various responsibilities, including warehousing, certifying eligible participants, maintaining inventory control, and ultimately distributing these food supplies to the intended recipients. By undertaking these tasks, Loaves & Fishes Inc plays a critical role in ensuring that the elderly population in southern New Mexico has access to the necessary nutrition to maintain their health and wellbeing.
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Impact
October, 2024
Loaves & Fishes Inc. plays a crucial role in addressing food insecurity among low-income elderly individuals in southern New Mexico. By administering the Commodity Supplemental Food Program (CSFP), the organization provides a monthly supply of nutritious food boxes to seniors aged 60 and above who are at risk of malnutrition. This initiative not only ensures essential dietary support but also contributes to the overall health and well-being of a vulnerable population.
With funding from the USDA through the New Mexico Human Services Department, Loaves & Fishes Inc. manages the entire process, including warehousing, participant certification, inventory control, and food distribution. This systematic approach helps alleviate hunger and supports the nutritional needs of the elderly, enhancing their quality of life. The impact is significant, providing vital resources to those who might otherwise struggle to access healthy food, thus fostering a healthier, more resilient community.
This information is meant to be a general summary of Loaves & Fishes 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.
- Gross Receipts: $1,454,662
Assets and Liabilities:
- Total Assets: $529,769
- Total Liabilities: $72,538
- Net Assets: $457,231
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Organization Details
Founding Year
2012
Phone
(575) 523-1272Principal Officer
Maria Silva Sutton
Main Address
320 SOUTHGATE CT, LAS CRUCES, NM, 88005
NTEE Category
Code: K30 - Food
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