Overview
What is Food Bank Council Of Michigan Inc?
The Food Bank Council of Michigan Inc, located in Lansing, Michigan, is a nonprofit organization dedicated to alleviating and preventing hunger among Michigan residents. With a team of 21 employees, they lead the statewide efforts of food banks in distributing surplus USDA commodities to those in need. Their mission is to provide essential food resources to Michigan communities, ensuring that individuals do not go hungry. Through their programs, they facilitate the distribution of USDA commodities to member food banks across the state.
Official website here: www.fbcmich.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
The Food Bank Council of Michigan Inc has received a Three-Star rating from Charity Navigator, indicating a generally positive assessment of its accountability and finance practices. The organization demonstrates strong governance, with a fully independent board and robust policies in place to prevent conflicts of interest and ensure transparency. The high program expense ratio of 99.24% suggests that the majority of financial resources are effectively directed towards its mission.
However, there are areas that could be improved, particularly in financial health metrics. The organization has a low liabilities to assets ratio of 72.98%, which raises concerns about its financial stability. Additionally, the fundraising efficiency ratio is notably low at $0.002, indicating that the organization may face challenges in generating funds relative to the expenses incurred for fundraising efforts.
On the positive side, the Food Bank Council of Michigan Inc actively engages with community equity strategies, receiving a solid score of 79 in this area. Overall, while the organization shows a commitment to accountability and has made significant strides in program expenses, attention to financial sustainability and fundraising effectiveness would further enhance its operations and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Food Bank Council Of Michigan Inc legitimate?
Food Bank Council Of Michigan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Food Bank Council Of Michigan 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: $259,586
Professional Fundraising Fees: $0
Other Salaries and Wages: $838,239
For more financial information, click here
Official website here: www.fbcmich.org
What is the mission statement of Food Bank Council Of Michigan Inc?
The Food Bank Council of Michigan plays a pivotal role in Michigan by providing leadership to food banks in their mission to alleviate hunger. Through the distribution of surplus food to those in need, this organization strives to make a significant impact on hunger within the state. The Food Bank Council of Michigan's primary objective is to reduce hunger, as stated in their mission description. They accomplish this by offering guidance and support to food banks across the state. Additionally, they participate in various USDA programs to secure and distribute essential commodities to their member food banks. By collaborating with these programs, the Food Bank Council of Michigan is able to efficiently provide food resources to those who require them most.
Official website here: www.fbcmich.org
Who is the CEO of Food Bank Council Of Michigan Inc?
Phillip Knight is the Chairman of Food Bank Council Of Michigan Inc.
Official website here: www.fbcmich.org
What is the revenue of Food Bank Council Of Michigan Inc?
Food Bank Council Of Michigan Inc's revenue in 2022 was $99,053,292.
Official website here: www.fbcmich.org
Who are the executives of Food Bank Council Of Michigan Inc and what are their salaries?
The average compensation at Food Bank Council Of Michigan Inc during 2022 was $52,277. There are 21 employees and 11 volunteers at Food Bank Council Of Michigan Inc.
Here are 13 key members and their salaries:
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- Compensation: $214,043
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- Compensation: $132,444
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- Other: $10,740
Official website here: www.fbcmich.org
Where can I find the form 990 for Food Bank Council Of Michigan Inc?
Food Bank Council Of Michigan Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fbcmich.org
Learn more at the official website: www.fbcmich.org
Mission Statement of Food Bank Council Of Michigan Inc
The Food Bank Council of Michigan, a leading organization in the state, is dedicated to relieving and preventing hunger amongst Michigan residents. In doing so, it assumes a pivotal role in guiding food banks across the state as they work to distribute surplus food to those in need.
Through its mission, the Food Bank Council of Michigan plays a crucial part in addressing food insecurity within Michigan communities. By leveraging partnerships with the United States Department of Agriculture (USDA), the Council facilitates the distribution of USDA commodities to its member food banks. This collaboration helps ensure that an ample supply of nourishing food reaches those who need it most.
The Food Bank Council of Michigan's unwavering commitment to alleviating hunger in Michigan is reflected in its strategic partnerships and programs. By providing statewide leadership, it empowers food banks to make a significant impact in their local communities. Through its various initiatives, the Council not only ensures that surplus food is distributed efficiently but also advocates for policies that enhance food security and access to nutritious food for all Michigan residents.
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Impact
October, 2024
Food Bank Council of Michigan Inc plays a crucial role in combating hunger across the state. By providing statewide leadership and supporting local food banks, it works to alleviate and prevent hunger among Michigan residents. The organization facilitates the distribution of USDA commodities to member food banks, ensuring that surplus food reaches individuals and families in need. Through these efforts, the Food Bank Council helps to create a more food-secure Michigan, addressing immediate hunger while also contributing to longer-term solutions for food insecurity. Its impact extends beyond just food distribution; it fosters partnerships and collaboration among food banks, enhancing their capacity to serve communities effectively.
This information is meant to be a general summary of Food Bank Council Of Michigan 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: $9,682
- Program Service Revenue: $320,000
- Gross Receipts: $99,053,292
Assets and Liabilities:
- Total Assets: $4,664,587
- Total Liabilities: $3,157,124
- Net Assets: $1,507,463
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$320,000
Organization Details
Founding Year
1984
Phone
(517) 485-1202Principal Officer
Phillip Knight
Main Address
330 MARSHALL STREET, LANSING, MI, 48912
Website
www.fbcmich.orgNTEE Category
Code: K31 - Food
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