Overview
What is Northeast Iowa Food Bank?
The Northeast Iowa Food Bank, situated at 1605 Lafayette St, Waterloo, IA, 50703, is a nonprofit organization committed to addressing food insecurity in the region. With a team of 54 employees, they distribute food and non-food products to those in need. Through their Cedar Valley Food Pantry Program, they serve an average of 3,10 families monthly, providing supplemental groceries to individuals under federal poverty guidelines. Their mission extends beyond just offering food, as they also provide hunger education programs to the community. The Food Bank receives, stores, and distributes donated and purchased food items to local nonprofits, ensuring nutritious options reach individuals facing hunger in Northeast Iowa.
Official website here: www.northeastiowafoodbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Northeast Iowa Food Bank has achieved a remarkable Four-Star rating from Charity Navigator, with an overall score of 100%. This rating reflects the organization's exceptional performance in both accountability and finance, as well as impact and measurement, where it scored 100% in each category. Such high scores indicate a strong commitment to transparency and effective use of resources, which are crucial factors for donor confidence.
Strengths of the Northeast Iowa Food Bank include a notably low liabilities to assets ratio of 3.20%, and an impressive program expense ratio of 96.50%. These figures suggest that the majority of their funds are directed towards their mission of combating hunger, rather than administrative costs. Additionally, their fundraising efficiency is commendable, with a cost per meal significantly lower than the local average, making their operations particularly effective in serving the community.
While the organization shows strong financial health and efficient program delivery, it is worth noting that their working capital ratio of 0.61 years could indicate limited available resources for covering immediate expenses. However, the high overall performance metrics suggest that the Northeast Iowa Food Bank is well-positioned to continue achieving its goals in addressing food insecurity in the region.
This AI summary has been generated from information found on Charity Navigator.
Is Northeast Iowa Food Bank legitimate?
Northeast Iowa Food Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Iowa Food Bank 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: $205,061
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,496,735
For more financial information, click here
Official website here: www.northeastiowafoodbank.org
What is the mission statement of Northeast Iowa Food Bank?
The Northeast Iowa Food Bank focuses on providing nutritious food and grocery products to non-profit organizations and individuals in need. Its mission is to offer more than just food, as it also provides hunger education programs to the community. The food bank's efforts extend to an average of 3,100 families each month through the Cedar Valley Food Pantry. This program ensures that those under the federal poverty guidelines receive supplemental food and grocery items. By delivering essential provisions and promoting awareness around hunger issues, the Northeast Iowa Food Bank strives to support the well-being of its community members.
Official website here: www.northeastiowafoodbank.org
Who is the CEO of Northeast Iowa Food Bank?
Barbara Prather is the Executive Director of Northeast Iowa Food Bank.
Official website here: www.northeastiowafoodbank.org
What is the revenue of Northeast Iowa Food Bank?
Northeast Iowa Food Bank's revenue in 2022 was $17,224,102.
Official website here: www.northeastiowafoodbank.org
Who are the executives of Northeast Iowa Food Bank and what are their salaries?
The average compensation at Northeast Iowa Food Bank during 2022 was $31,515. There are 54 employees and 10528 volunteers at Northeast Iowa Food Bank.
Here are 25 key members and their salaries:
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Official website here: www.northeastiowafoodbank.org
Where can I find the form 990 for Northeast Iowa Food Bank?
Northeast Iowa Food Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northeastiowafoodbank.org
Learn more at the official website: www.northeastiowafoodbank.org
Mission Statement of Northeast Iowa Food Bank
The Northeast Iowa Food Bank is a dedicated organization that focuses on providing nutritious food and grocery products to nonprofits and individuals in need. With a mission to make a difference in the community, the Food Bank works tirelessly to distribute food and non-food items to those who are struggling.
In action, the Northeast Iowa Food Bank's efforts are centered around the Cedar Valley Food Pantry Program. Through this program, an average of 3,100 families each month receive supplemental food and grocery products. These families fall under the federal poverty guidelines, making their access to nutritious food essential for their wellbeing. The Food Bank's initiatives not only help alleviate hunger but also offer valuable hunger education programs to the wider community. These programs aim to increase awareness and understanding of food insecurity and its impact on individuals and families.
By providing essential food resources, the Northeast Iowa Food Bank plays a crucial role in supporting the health and well-being of families and individuals who would otherwise face food insecurity. Their unwavering commitment to their mission ensures that those in need have access to the nourishment they require, allowing them to focus on other aspects of their lives with greater peace of mind. This proactive approach to addressing food insecurity empowers individuals and families, enabling them to move forward with confidence and hope for a brighter future.
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Impact
October, 2024
Northeast Iowa Food Bank significantly addresses food insecurity in the region by receiving and distributing essential food and non-food products to individuals and families in need. Through the Cedar Valley Food Pantry Program, they provide an average of 310 families each month with supplemental food and grocery items, impacting the lives of those who fall under the federal poverty guidelines.
By focusing on the delivery of nutritious food and grocery products, Northeast Iowa Food Bank helps alleviate hunger and improve the quality of life for many in the community. In addition to food distribution, they are committed to raising awareness about hunger issues through hunger education programs, fostering a more informed and supportive community. Their efforts contribute to combating food insecurity and promoting healthier living in Northeast Iowa.
This information is meant to be a general summary of Northeast Iowa Food Bank. 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: $54,187
- Program Service Revenue: $209,647
- Gross Receipts: $17,241,138
Assets and Liabilities:
- Total Assets: $13,006,987
- Total Liabilities: $291,239
- Net Assets: $12,715,748
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOOD SALES
Revenue
$209,647
Organization Details
Founding Year
1981
Phone
(319) 235-0507Principal Officer
Barbara Prather
Main Address
1605 LAFAYETTE ST, WATERLOO, IA, 50703
NTEE Category
Code: K31Z - Food
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