Overview
What is The Freestore Foodbank Foundation?
The Freestore Foodbank Foundation serves as an endowment fund for the Freestore Foodbank (FSFB). It receives undesignated bequests and specifically designated donations, contributing significantly to the FSFB's operations. The foundation's assets have grown substantially, making it increasingly vital to the FSFB's mission. The board, comprised of community leaders, financial experts, and FSFB board members, ensures a dependable income flow to the FSFB annually, contributing to its long-term financial stability. In summary, The Freestore Foodbank Foundation is a critical financial support system for the Freestore Foodbank, ensuring its sustainable and reliable funding.
Is The Freestore Foodbank Foundation legitimate?
The Freestore Foodbank Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Freestore Foodbank Foundation 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: $0
For more financial information, click here
What is the mission statement of The Freestore Foodbank Foundation?
The Freestore Foodbank Foundation's mission is centered around providing a reliable source of income annually, supporting its sole beneficiary, the Freestore Foodbank. This mission is crucial for ensuring the foodbank's long-term financial stability. Undesignated bequests and specifically designated donations are channeled towards the foundation. The Foundation's assets have significantly grown in recent years, leading to increased contributions to the Freestore Foodbank's operations. The board of the Foundation is composed of community leaders, financial experts, and members from the Freestore Foodbank board.
Who is the CEO of The Freestore Foodbank Foundation?
Kurt Reiber is the Principal Officer of The Freestore Foodbank Foundation. The CEO's salary of The Freestore Foodbank Foundation is $0 and their total compensation is $357,685.
What is the revenue of The Freestore Foodbank Foundation?
The Freestore Foodbank Foundation's revenue in 2023 was $2,527,549.
Who are the executives of The Freestore Foodbank Foundation and what are their salaries?
There 13 volunteers at The Freestore Foodbank Foundation.
Here are 17 key members and their salaries (The Freestore Foodbank Foundation's CEO's salary is $0 and their total compensation is $357,685):
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- Related: $326,425
- Other: $31,260
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- Related: $255,341
- Other: $29,900
- Compensation: $0
- Related: $222,547
- Other: $14,213
- Compensation: $0
- Related: $184,002
- Other: $24,809
Where can I find the form 990 for The Freestore Foodbank Foundation?
The Freestore Foodbank Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Freestore Foodbank Foundation
The Freestore Foodbank Foundation's mission is centered around providing a reliable source of income for its sole beneficiary, the Freestore Foodbank (FSFB). This mission is aimed at ensuring the long-term financial stability of the FSFB. The Foundation serves this purpose by managing undesignated bequests and specifically designated donations, which have significantly grown in recent years. This earnings growth has become increasingly significant to the FSFB's operations, contributing substantially to its overall mission. The Foundation is governed by a board composed of community leaders, financial experts, and FSFB board members, demonstrating its commitment to the organization's cause.
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Impact
October, 2024
The Freestore Foodbank Foundation plays a crucial role in supporting the mission of the Freestore Foodbank (FSFB) by ensuring a reliable, year-to-year income stream. As the endowment fund for FSFB, it receives all undesignated bequests, as well as specifically designated donations, which have significantly increased its assets in recent years. This growth in earnings allows the foundation to contribute substantially to the operational needs of the FSFB, enhancing its ability to serve those in need.
By providing a stable financial foundation, the Freestore Foodbank Foundation helps to secure the long-term sustainability of FSFB’s programs, which are vital for addressing food insecurity in the Cincinnati community. Comprising various community leaders and financial experts, the foundation's board is committed to strengthening the FSFB's impact through strategic management of its resources, ultimately empowering the organization to carry out its mission more effectively.
This information is meant to be a general summary of The Freestore Foodbank Foundation. 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: $528,579
- Gross Receipts: $2,527,549
Assets and Liabilities:
- Total Assets: $20,895,655
- Total Liabilities: $14,313
- Net Assets: $20,881,342
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Organization Details
Founding Year
1999
Phone
(513) 482-4500Principal Officer
Kurt Reiber
Main Address
3401 ROSENTHAL WAY, CINCINNATI, OH, 45204
NTEE Category
Code: P11 - Human services
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