Overview
What is Shared Harvest Foodbank Inc?
Shared Harvest Foodbank Inc, based in Fairfield, Ohio, is a dedicated nonprofit organization with a mission to combat food insecurity. With a strong team of 24 employees, they focus on collecting surplus food from national and local food manufacturers and retail outlets. Their primary goal is to redistribute this food, along with other USDA commodities, to eligible food relief charities in Southwest Ohio. By doing so, they ensure that those in need have access to essential nutrients. Their mission to rescue food and redistribute it to food-insecure individuals is a vital contribution to their community.
Official website here: www.sharedharvest.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 99%, Four-Star out of Four Star rating.
Shared Harvest Foodbank Inc has received a remarkable 99% score from Charity Navigator, reflecting its strong operational effectiveness and impact. The organization excels particularly in its Impact & Measurement score of 100, indicating a high level of effectiveness in achieving its mission. The Program Expense Ratio of 96.77% shows that a significant majority of its funds are directed towards programs that benefit the community.
On the financial side, Shared Harvest demonstrates commendable accountability with a score of 97. The low fundraising efficiency ratio of $0.01 signifies that the organization is highly efficient in raising funds relative to the costs incurred. However, the Working Capital Ratio of 0.71 years suggests some limitations in financial reserves, indicating the need for ongoing support to maintain operational stability in the long term. Overall, the nonprofit stands out for its effectiveness in providing meals at a cost lower than 75% of the local average.
This AI summary has been generated from information found on Charity Navigator.
Is Shared Harvest Foodbank Inc legitimate?
Shared Harvest Foodbank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shared Harvest 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: $99,658
Professional Fundraising Fees: $0
Other Salaries and Wages: $570,399
For more financial information, click here
Official website here: www.sharedharvest.org
What is the mission statement of Shared Harvest Foodbank Inc?
Shared Harvest Foodbank Inc is dedicated to the mission of rescuing surplus food and distributing it to those in need who face food insecurity. Through their food banking efforts, they solicit and manage donations from various food manufacturers and retail outlets on a national and local scale. The organization then redistributes these food items and USDA commodities to eligible charities in Southwest Ohio. Their ultimate goal is to ensure that no one goes hungry by providing a reliable source of nutritious food.
Official website here: www.sharedharvest.org
Who is the CEO of Shared Harvest Foodbank Inc?
Terry Perdue is the Ceo of Shared Harvest Foodbank Inc. The CEO's salary of Shared Harvest Foodbank Inc is $81,130 and their total compensation is $99,659.
Official website here: www.sharedharvest.org
What is the revenue of Shared Harvest Foodbank Inc?
Shared Harvest Foodbank Inc's revenue in 2022 was $12,561,975.
Official website here: www.sharedharvest.org
Who are the executives of Shared Harvest Foodbank Inc and what are their salaries?
The average compensation at Shared Harvest Foodbank Inc during 2022 was $27,919. There are 24 employees and 1170 volunteers at Shared Harvest Foodbank Inc.
Here are 12 key members and their salaries (Shared Harvest Foodbank Inc's CEO's salary is $81,130 and their total compensation is $99,659):
- Compensation: $81,130
- Related: $0
- Other: $18,529
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.sharedharvest.org
Where can I find the form 990 for Shared Harvest Foodbank Inc?
Shared Harvest Foodbank Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sharedharvest.org
Learn more at the official website: www.sharedharvest.org
Mission Statement of Shared Harvest Foodbank Inc
Shared Harvest Foodbank Inc, a food banking organization, is committed to making a difference in the lives of those grappling with food insecurity. With a strong mission, the Foodbank administers and solicits donations from both national and local food manufacturers and retail outlets. Through its efforts, Shared Harvest Foodbank Inc ensures that an extensive range of food and USDA commodities are distributed to eligible food relief charities in Southwest Ohio. By engaging in this vital work, the organization plays a significant role in rescuing food that would otherwise go to waste and redirecting it towards those in need. In turn, this helps to alleviate hunger and provide essential nourishment to individuals and families facing food insecurity.
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Impact
October, 2024
Shared Harvest Foodbank Inc has a significant impact on addressing food insecurity in Southwest Ohio. By rescuing food that would otherwise go to waste, it ensures that this valuable resource is redirected to individuals and families in need. The organization collaborates with national and local food manufacturers and retail outlets to collect donations, which helps support a network of food relief charities.
Through its efforts, Shared Harvest Foodbank not only provides essential nutrition to those facing hunger but also fosters community resilience and well-being. By distributing food and USDA commodities to eligible charities, they play a crucial role in alleviating the effects of food insecurity, enhancing the quality of life for many residents in the region. Their work creates a ripple effect, contributing to healthier communities and reducing the stigma associated with seeking food assistance.
This information is meant to be a general summary of Shared Harvest 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 2022.
- Investment Income: $9,237
- Program Service Revenue: $203,294
- Gross Receipts: $12,561,975
Assets and Liabilities:
- Total Assets: $9,135,350
- Total Liabilities: $884,374
- Net Assets: $8,250,976
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER AGENCIES SHARES
Revenue
$203,294
Organization Details
Founding Year
1984
Phone
(513) 874-0114Principal Officer
Terry Perdue
Main Address
5901 DIXIE HIGHWAY, FAIRFIELD, OH, 45014
Website
www.sharedharvest.orgNTEE Category
Code: K31 - Food
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