Overview
What is Partners In Food Solutions?
Partners In Food Solutions (PFS) is a nonprofit organization based in Edina, Minnesota, dedicated to bolstering the African food processing sector. They identify high-potential African-led food businesses and offer them free consulting services through volunteer professionals from their consortium of seven global food companies. These experts collaborate virtually with local African companies to address specific technical and business challenges. PFS employs skilled African field staff and partners with impact investors and local ecosystem organizations to further assist African food companies. They provide additional services such as an apprenticeship program, a certification program, and a finance program to help companies attract investment and implement projects. PFS's goal is to improve food security, nutrition, and economic development in Africa, impacting over 2 million local smallholder farmers and helping strengthen the capacity of over 2,200 food companies in various African countries.
Official website here: www.partnersinfoodsolutions.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
Partners In Food Solutions has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization has maintained a perfect score of 100% in several critical areas, including having a fully independent board and robust financial oversight practices. This high level of transparency and governance contributes significantly to the charity's overall trustworthiness.
The financial metrics also showcase the organization's efficiency, with an impressive 87.45% of its expenses directed towards programs, demonstrating a strong focus on its mission. Additionally, the fundraising efficiency ratio indicates that Partners In Food Solutions is capable of raising funds with minimal expense, further enhancing its operational effectiveness. The organization boasts a solid working capital ratio, ensuring financial stability and sustainability.
Despite these strengths, the summary does not highlight any specific limitations or areas for improvement. Overall, Partners In Food Solutions stands out as a well-managed nonprofit with a clear dedication to its goals and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Partners In Food Solutions legitimate?
Partners In Food Solutions is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partners In Food Solutions 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: $915,988
Professional Fundraising Fees: $85,625
Other Salaries and Wages: $359,321
For more financial information, click here
Official website here: www.partnersinfoodsolutions.com
What is the mission statement of Partners In Food Solutions?
Partners In Food Solutions aims to enhance the food value chain in developing countries by leveraging corporate volunteers to share their knowledge and expertise with small and growing food processors. Their mission is to strengthen the African food processing sector by identifying high-potential African-led food businesses and providing them with free consulting services through their consortium of seven global food companies. These volunteers work directly with the African companies to help overcome specific technical and business challenges. Partners In Food Solutions also offers additional services such as an apprenticeship program, a certification program, and a finance program to support local food companies in achieving international recognition, attracting outside investment, and improving food safety and export capabilities. Their efforts have resulted in significant growth for African food companies and a positive impact on local smallholder farmers.
Official website here: www.partnersinfoodsolutions.com
Who is the CEO of Partners In Food Solutions?
Jeff Dykstra is the Chair Of The Board And Sec of Partners In Food Solutions. The CEO's salary of Partners In Food Solutions is $286,266 and their total compensation is $324,839.
Official website here: www.partnersinfoodsolutions.com
What is the revenue of Partners In Food Solutions?
Partners In Food Solutions's revenue in 2023 was $4,090,510.
Official website here: www.partnersinfoodsolutions.com
Who are the executives of Partners In Food Solutions and what are their salaries?
The average compensation at Partners In Food Solutions during 2023 was $127,531. There are 10 employees and 1516 volunteers at Partners In Food Solutions.
Here are 20 key members and their salaries (Partners In Food Solutions's CEO's salary is $286,266 and their total compensation is $324,839):
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- Compensation: $286,266
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- Compensation: $146,375
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- Other: $3,000
Official website here: www.partnersinfoodsolutions.com
Where can I find the form 990 for Partners In Food Solutions?
Partners In Food Solutions's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.partnersinfoodsolutions.com
Learn more at the official website: www.partnersinfoodsolutions.com
Mission Statement of Partners In Food Solutions
Partners In Food Solutions, a nonprofit organization, aims to enhance the food value chain in developing countries. They achieve this by mobilizing corporate volunteers from seven prominent food companies to share their knowledge and expertise with small and growing food processors in Africa. These volunteers work directly with African food businesses, assisting them in overcoming specific technical and business challenges.
Furthermore, Partners In Food Solutions employs skilled African field staff who collaborate with impact investors and local ecosystem organizations to provide additional assistance to African food companies. They help these companies integrate into the larger food processing environment, both regionally and internationally. Partners In Food Solutions offers a range of additional services beyond their primary technical training and consulting offerings. An apprenticeship program places and supports young African food experts in their first industry jobs. A certification program helps client companies achieve internationally recognized certifications, improving food safety and export capabilities. A finance program assists companies in attracting outside investment and occasionally underwrites small-ticket loans to implement project recommendations made by volunteer experts.
By strengthening the capacity of African food companies, Partners In Food Solutions contributes to improving food security, nutrition, and economic development in Africa. In countries such as Ethiopia, Kenya, Tanzania, Uganda, Rwanda, Malawi, Zambia, Ghana, Nigeria, and Cote D'Ivoire, the organization has impacted 1.8 million local smallholder farmers. In their most recent year, a selection of Partners In Food Solutions' client food companies in Africa reported an average revenue growth of 20%, a 9% increase in new full-time employees, and a 46% increase in the number of farmers supported within their supply chains.
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Impact
October, 2024
Partners In Food Solutions (PFS) significantly enhances the food value chain in developing countries by leveraging the expertise of corporate volunteers to assist small and growing food processors. This initiative strengthens the African food processing sector by identifying promising, African-led food businesses and providing them with consulting services at no cost, supported by skilled employees from top global food companies including General Mills, Cargill, and The Hershey Company.
Through direct, virtual collaboration, these volunteers address specific technical and business challenges faced by African food companies. PFS employs skilled field staff in various African countries to further assist these companies, connecting them with impact investors and local organizations to navigate the broader food processing landscape.
In addition to technical training, PFS runs an apprenticeship program that supports young African food professionals entering the industry, a certification program to help businesses achieve internationally recognized food safety standards, and a finance initiative that aids companies in attracting investment. The impact is profound, with over 2,200 food companies in countries like Ethiopia, Kenya, and Nigeria reportedly experiencing an average revenue growth of 20% and a 9% increase in full-time employees within the most recent year. This growth in local enterprises has positively affected approximately 1.8 million smallholder farmers by enhancing their supply chain connections and support.
Overall, PFS plays a pivotal role in improving food security, nutrition, and economic development across Africa.
This information is meant to be a general summary of Partners In Food Solutions. 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: $42,792
- Gross Receipts: $4,090,510
Assets and Liabilities:
- Total Assets: $6,669,259
- Total Liabilities: $714,211
- Net Assets: $5,955,048
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Organization Details
Founding Year
2010
Phone
(952) 221-8730Principal Officer
Jeff Dykstra
Main Address
200 SOUTHDALE CENTER SUITE 133, EDINA, MN, 55435
NTEE Category
Code: Q33 - International
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