Overview
What is Balanced Nutrition Inc?
Balanced Nutrition Inc is a nonprofit organization situated in Greensboro, North Carolina, specifically at 122 N Elm St STE 500. Their primary focus is on facilitating reimbursements for child care centers and family daycare homes that have eligible participants enrolled under the Child and Adult Care Food Program. This program, overseen by the North Carolina Department of Health and Human Services, aims to provide meals and snacks for children and adults. Balanced Nutrition Inc manages contracts with these licensed facilities, verifying participant eligibility, and handles reimbursements for over 6,000 meals and snacks served monthly. The organization has a small workforce of two individuals dedicated to this mission.
Official website here: www.balancednutritioninc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating.
Balanced Nutrition Inc has received a low score of 57%, reflecting significant concerns regarding its financial practices and overall accountability. While the organization boasts a fully independent board and has a solid audit process, it struggles in key financial ratios. Notably, its liabilities to assets ratio is concerningly high at 79.14%, indicating potential financial instability.
On the positive side, the nonprofit has implemented important governance practices, including a conflict of interest policy and a whistleblower policy, which are fully documented. Furthermore, they maintain transparency through the availability of board meeting minutes and ensure that their website is listed on tax forms. However, the absence of their tax form on their website and low program expense ratio of 54.14% suggest that a larger portion of funds may not be directed towards its core mission.
Overall, while Balanced Nutrition Inc demonstrates some strengths in governance, the financial metrics highlight areas needing improvement to ensure sustainability and effective service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Balanced Nutrition Inc legitimate?
Balanced Nutrition Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Balanced Nutrition 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: $172,796
For more financial information, click here
Official website here: www.balancednutritioninc.org
What is the mission statement of Balanced Nutrition Inc?
Balanced Nutrition Inc's mission, in essence, involves collaborating with licensed child care centers and family daycare homes. Their primary role is to facilitate reimbursement for eligible participants under the Child and Adult Care Food Program, which is overseen by the North Carolina Department of Health and Human Services. This program provides financial assistance for meals and snacks served to eligible children in these care facilities. Balanced Nutrition Inc is responsible for managing contracts with these child care providers and daycare homes, verifying the eligibility of the participating children, and ensuring the allocation of over 6,000 meals and snacks per month. Their mission, in simple terms, is to support and streamline the process of reimbursement for nutritional programs aimed at children in eligible childcare settings.
Official website here: www.balancednutritioninc.org
Who is the CEO of Balanced Nutrition Inc?
Yolanda Hill is the Chief Financial Officer of Balanced Nutrition Inc.
Official website here: www.balancednutritioninc.org
What is the revenue of Balanced Nutrition Inc?
Balanced Nutrition Inc's revenue in 2022 was $1,768,649.
Official website here: www.balancednutritioninc.org
Who are the executives of Balanced Nutrition Inc and what are their salaries?
The average compensation at Balanced Nutrition Inc during 2022 was $86,398. There are 2 employees at Balanced Nutrition Inc.
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
Official website here: www.balancednutritioninc.org
Where can I find the form 990 for Balanced Nutrition Inc?
Balanced Nutrition Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.balancednutritioninc.org
Learn more at the official website: www.balancednutritioninc.org
Mission Statement of Balanced Nutrition Inc
Balanced Nutrition Inc, a nonprofit organization, is dedicated to supporting licensed child care centers and family daycare homes by administering reimbursements for eligible participants under the Child and Adult Care Food Program. This program is overseen by the North Carolina Department of Health and Human Services. The primary mission of Balanced Nutrition Inc is to facilitate the reimbursement process for meals and snacks served to eligible children in these child care settings. By doing so, the organization helps these centers and homes to continue providing nutritious meals, ensuring the well-being of the enrolled children. Balanced Nutrition Inc plays a crucial role in this process by managing contracts with these child care providers and verifying the eligibility of the participating children. The organization serves an average of 40 child care centers and over 50 family daycare homes, and is responsible for reimbursement of over 6,000 meals and snacks per month.
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Impact
July, 2024
Balanced Nutrition Inc's impact is significant in providing vital support to licensed child care centers and family daycare homes in North Carolina. The organization plays a crucial role in administering reimbursement for eligible participants under the Child and Adult Care Food Program, ensuring that children receive nutritious meals and snacks. By overseeing contracts with various child care providers and verifying participant eligibility, Balanced Nutrition Inc facilitates the provision of over 6,000 meals and snacks each month to children in need. This essential service contributes to the well-being and healthy development of these young individuals.
This information is meant to be a general summary of Balanced Nutrition 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: $1,768,649
Assets and Liabilities:
- Total Assets: $42,290
- Total Liabilities: $33,470
- Net Assets: $8,820
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Organization Details
Founding Year
2015
Principal Officer
Yolanda Hill
Main Address
122 N ELM ST STE 504, Greensboro, NC, 27401
Website
www.balancednutritioninc.orgNTEE Category
Code: K40 - Food
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