Overview
What is Channel One Inc?
Channel One Inc, located at 131 35th Street SE, Rochester, MN, 55904, is a nonprofit organization dedicated to strengthening food access and building healthy communities. They do this by providing food and non-food items to approximately 110 nonprofit 501(C)(3) agencies, which in turn feed people as part of their mission. These agencies serve around 183 programs in total. The food bank, a regional member of Feeding America, sources donated surplus and irregular food and non-food products, as well as government commodities and cooperatively purchased items. Channel One's activities include soliciting, warehousing, reworking/repackaging, and distributing these resources to those in need.
Official website here: www.helpfeedpeople.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
Channel One Inc has achieved an exemplary Four-Star rating from Charity Navigator, reflecting exceptional performance in multiple operational metrics. The organization excels in Accountability & Finance, Impact & Measurement, Leadership & Adaptability, and Culture & Community, all scoring 100%. This demonstrates their commitment to transparency, effective financial management, and a focus on meaningful impact.
The nonprofit stands out with 100% of its board members being independent, ensuring a strong governance structure. Additionally, their robust financial health is indicated by a low liabilities to assets ratio and a high program expense ratio, with 95.41% of expenses going directly to programs. Their fundraising efficiency is notably strong, costing only $0.03 to raise a dollar.
While the organization shows remarkable strengths, there may not be any specific limitations noted in the available data. Overall, Channel One Inc exemplifies best practices in nonprofit management and effectiveness, making it a highly trusted organization in its field.
This AI summary has been generated from information found on Charity Navigator.
Is Channel One Inc legitimate?
Channel One Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Channel One 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: $112,374
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,391,241
For more financial information, click here
Official website here: www.helpfeedpeople.org
What is the mission statement of Channel One Inc?
Channel One Inc focuses on enhancing food accessibility and fostering healthy communities. They accomplish this by partnering with approximately 110 nonprofit organizations, which are 501(C)(3) agencies. These agencies operate programs aimed at feeding people as part of their mission. Channel One Food Bank, a regional member of Feeding America, plays a crucial role in this endeavor. The food bank collects, warehouses, repackages, and distributes donated surplus and irregular food items, government commodities from the Emergency Food Assistance Program, and cooperatively purchased items to the partnering agencies. Through these efforts, Channel One Inc supports the food programs of these organizations, ultimately helping to improve food security and community well-being.
Official website here: www.helpfeedpeople.org
Who is the CEO of Channel One Inc?
Virginia Merritt is the Board Chair of Channel One Inc.
Official website here: www.helpfeedpeople.org
What is the revenue of Channel One Inc?
Channel One Inc's revenue in 2022 was $17,204,714.
Official website here: www.helpfeedpeople.org
Who are the executives of Channel One Inc and what are their salaries?
The average compensation at Channel One Inc during 2022 was $33,414. There are 45 employees and 991 volunteers at Channel One Inc.
Here are 23 key members and their salaries:
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- Compensation: $106,438
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- Other: $1,620
Official website here: www.helpfeedpeople.org
Where can I find the form 990 for Channel One Inc?
Channel One Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.helpfeedpeople.org
Learn more at the official website: www.helpfeedpeople.org
Mission Statement of Channel One Inc
Channel One Inc, a nonprofit organization, is dedicated to strengthening food access and building healthy communities. This mission is brought to life through the efforts of approximately 110 nonprofit 501(C)(3) agencies that Channel One Food Bank supports. The food bank is an integral part of Feeding America, the nation's food bank network. It plays a crucial role in providing food and non-food products to 183 programs operated by these agencies, which are part of their mission to serve people in need.
Channel One Food Bank carries out its responsibilities by soliciting, warehousing, reworking/repackaging, and distributing donated surplus and irregular food and non-food product items, government commodities from the Emergency Food Assistance Program (TEFAP), and cooperatively purchased items. By doing so, it ensures that these essential resources reach those who require them most, thus contributing significantly to the health and well-being of the communities it serves. The organization's unwavering commitment to strengthening food access and building healthy communities is a testament to its unyielding dedication to making a difference in people's lives.
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Impact
October, 2024
Channel One Inc has a significant impact on food access and the overall health of communities in the Rochester, MN area. By supplying food and non-food products to approximately 183 programs operated by 110 agencies, it plays a crucial role in addressing food insecurity. The organization not only distributes surplus and irregular food items but also government commodities through the Emergency Food Assistance Program, directly aiding individuals and families in need.
As a regional member of Feeding America, Channel One Inc enhances its reach and effectiveness, ensuring that vital resources are mobilized where they are most needed. By strengthening food access, it contributes to the establishment of healthier communities, fostering a sustainable network of support that empowers local agencies to fulfill their missions of feeding people. This collaborative approach not only addresses immediate hunger challenges but also promotes long-term community well-being.
This information is meant to be a general summary of Channel One 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: -$7,678
- Program Service Revenue: $1,051,639
- Gross Receipts: $17,625,834
Assets and Liabilities:
- Total Assets: $9,565,800
- Total Liabilities: $346,141
- Net Assets: $9,219,659
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PURCHASE FOOD PROGRAM
Revenue
$787,040
SHARED MAINTENANCE FEE
Revenue
$137,018
DELIVERY CHARGE
Revenue
$127,581
Organization Details
Founding Year
1980
Phone
(507) 287-2350Principal Officer
Virginia Merritt
Main Address
131 35TH STREET SE, ROCHESTER, MN, 55904
Website
www.helpfeedpeople.orgNTEE Category
Code: K310 - Food
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