Overview
What is Midwest Food Bank Nfp?
Midwest Food Bank Nfp is a faith-based, nonprofit organization located in Normal, Illinois. With a dedicated team of 69 employees, they are committed to alleviating hunger and malnutrition locally and globally. By providing food free of charge to partnering non-profit organizations, such as food pantries, soup kitchens, homeless shelters, churches, and other non-profits, they facilitate the distribution of essential supplies within their communities. Through their mission, they share the love of Christ and extend aid in disaster relief efforts, all without discrimination.
Official website here: www.midwestfoodbank.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
Midwest Food Bank has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and transparency. The organization excels in various areas, particularly in Impact & Measurement and Leadership & Adaptability, both scoring 100. This suggests that the nonprofit not only tracks its effectiveness in food distribution but also adapts its strategies to maximize impact. Their strong financial metrics, including a program expense ratio of 99.41%, highlight their commitment to efficiently allocating resources toward their mission of food rescue.
Strengths noted in user feedback include the organization's robust governance structure, with 100% independent board members contributing to its integrity and decision-making processes. The nonprofit's well-defined policies, such as conflict of interest and whistleblower protections, further strengthen its credibility. Additionally, their ambitious strategic goals demonstrate a forward-thinking approach, aiming to develop significant revenue streams and achieve substantial food rescue targets.
While the organization shows remarkable efficiency and effectiveness, some limitations could include the need for ongoing efforts to enhance its working capital ratio, which currently stands at 0.16 years. This aspect may pose challenges in financial flexibility. Overall, Midwest Food Bank stands out as a trustworthy and impactful organization committed to alleviating food insecurity.
This AI summary has been generated from information found on Charity Navigator.
Is Midwest Food Bank Nfp legitimate?
Midwest Food Bank Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Food Bank Nfp 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: $432,728
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,219,038
For more financial information, click here
Official website here: www.midwestfoodbank.org
What is the mission statement of Midwest Food Bank Nfp?
Midwest Food Bank Nfp is a faith-based organization dedicated to alleviating hunger and malnutrition locally and globally. Their mission is to share love and compassion by addressing food insecurity and providing disaster relief, all without discrimination. Through partnerships with various non-profit organizations, Midwest Food Bank supplies food free of charge, which is later distributed within their communities. These organizations include food pantries, soup kitchens, homeless shelters, churches, and more. The organization's efforts contribute to reducing food scarcity and ensuring access to essential nourishment for those in need.
Official website here: www.midwestfoodbank.org
Who is the CEO of Midwest Food Bank Nfp?
Eric Hodel is the President of Midwest Food Bank Nfp. The CEO's salary of Midwest Food Bank Nfp is $222,568 and their total compensation is $245,541.
Official website here: www.midwestfoodbank.org
What is the revenue of Midwest Food Bank Nfp?
Midwest Food Bank Nfp's revenue in 2022 was $434,933,396.
Official website here: www.midwestfoodbank.org
Who are the executives of Midwest Food Bank Nfp and what are their salaries?
The average compensation at Midwest Food Bank Nfp during 2022 was $52,924. There are 69 employees and 30369 volunteers at Midwest Food Bank Nfp.
Here are 11 key members and their salaries (Midwest Food Bank Nfp's CEO's salary is $222,568 and their total compensation is $245,541):
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- Compensation: $222,568
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- Other: $22,973
- Compensation: $168,953
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- Other: $18,233
Official website here: www.midwestfoodbank.org
Where can I find the form 990 for Midwest Food Bank Nfp?
Midwest Food Bank Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midwestfoodbank.org
Learn more at the official website: www.midwestfoodbank.org
Mission Statement of Midwest Food Bank Nfp
Midwest Food Bank Nfp, a faith-based organization, is on a mission to spread the love of Christ by alleviating hunger and malnutrition both locally and globally. Through their selfless efforts, they strive to make a difference in the lives of those in need, without discrimination.
The Midwest Food Bank's primary objective is to provide food to partnering non-profit organizations such as food pantries, soup kitchens, homeless shelters, churches, and other non-profits, free of charge. These organizations then distribute the food in their respective communities, reaching out to those who are struggling with hunger and food insecurity. By doing so, Midwest Food Bank Nfp plays a crucial role in addressing the issue of hunger and malnutrition and providing much-needed relief.
Moreover, Midwest Food Bank Nfp extends its reach beyond local communities, offering disaster relief services around the world. In times of crisis, they provide essential food supplies to those affected, helping to bring stability and hope during difficult times. The organization's dedication to making a positive impact, regardless of location or circumstance, sets it apart as a compassionate and effective force for change.
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Impact
October, 2024
Midwest Food Bank significantly alleviates hunger and malnutrition both locally and globally. By providing food at no cost to partner organizations such as food pantries, soup kitchens, homeless shelters, and churches, they ensure that vulnerable populations have access to essential nutrition in their communities. Their mission is rooted in faith, aiming to share the love of Christ while delivering critical support without discrimination. Through these efforts, they play a vital role in combating food insecurity and providing disaster relief, positively impacting countless lives.
This information is meant to be a general summary of Midwest Food Bank Nfp. 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: $381,335
- Program Service Revenue: $128,643
- Gross Receipts: $435,391,600
Assets and Liabilities:
- Total Assets: $75,721,541
- Total Liabilities: $7,393,748
- Net Assets: $68,327,793
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENDER MERCIES
Revenue
$128,643
Organization Details
Founding Year
2003
Phone
(309) 663-5350Principal Officer
Eric Hodel
Main Address
2031 WAREHOUSE ROAD, NORMAL, IL, 61761
Website
www.midwestfoodbank.orgNTEE Category
Code: P99 - Human services
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