Overview
What is Renewal Food Bank?
Renewal Food Bank is a compassionate nonprofit organization located in Bellevue, Washington, specifically at 12819 SE 38th St PMB 241. Their primary mission is to combat hunger in the local community by collaborating with various entities such as community organizations, grocery stores, companies, and individuals. The food they distribute comes from sources like food drives, local grocery store donations, and direct purchases. In 2022, Renewal Food Bank provided essential sustenance to over 36,669 individuals who are economically vulnerable or in need, at no cost to them. The organization employs a small team of four dedicated individuals, strengthening their commitment to serving the community.
Official website here: www.renewalfoodbank.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%, Two-Star out of Four Star rating)
Renewal Food Bank has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization has a strong board composition with 100% independent members, critical elements such as financial transparency and governance policies are lacking. Specifically, the organization has not provided financial statements and is missing several key policies, including conflict of interest and whistleblower policies.
Despite these weaknesses, Renewal Food Bank demonstrates a commitment to its mission, reflected in its impressive program expense ratio of 100%, indicating that all its expenses are directed toward its charitable activities. The organization also shows no material diversion of assets, highlighting its integrity in managing resources. However, the absence of published financial documents on its website raises concerns about transparency and accountability.
Overall, while Renewal Food Bank shows promise in its program focus and governance structure, it must address its gaps in financial reporting and policy implementation to improve its standing and build donor trust. Enhanced transparency and adherence to best practices in governance will be crucial for the organization's growth and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Renewal Food Bank legitimate?
Renewal Food Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renewal 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,286
For more financial information, click here
Official website here: www.renewalfoodbank.com
What is the mission statement of Renewal Food Bank?
Renewal Food Bank, as an organization, is committed to addressing food insecurity within vulnerable communities. By collaborating with local businesses, community organizations, and individuals, Renewal Food Bank works towards alleviating hunger. The primary focus of their activities is to distribute food obtained from various sources, such as food drives, grocery store donations, and direct purchases, to those in need. In 2022, Renewal Food Bank provided food at no cost to over 36,669 individuals, demonstrating their dedication to serving needy and economically vulnerable individuals.
Official website here: www.renewalfoodbank.com
Who is the CEO of Renewal Food Bank?
Phillip Peters is the Executive Director of Renewal Food Bank.
Official website here: www.renewalfoodbank.com
What is the revenue of Renewal Food Bank?
Renewal Food Bank's revenue in 2022 was $875,965.
Official website here: www.renewalfoodbank.com
Who are the executives of Renewal Food Bank and what are their salaries?
The average compensation at Renewal Food Bank during 2022 was $26,322. There are 4 employees at Renewal Food Bank.
Here are 10 key members and their salaries:
- Compensation: $43,074
- Related: $0
- Other: $0
- Compensation: $41,515
- Related: $0
- Other: $0
- Compensation: $19,188
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.renewalfoodbank.com
Where can I find the form 990 for Renewal Food Bank?
Renewal Food Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.renewalfoodbank.com
Learn more at the official website: www.renewalfoodbank.com
Mission Statement of Renewal Food Bank
Renewal Food Bank, a nonprofit organization, is dedicated to addressing the food needs of economically vulnerable individuals residing in communities near Bellevue, Washington. The mission of this charitable entity is to provide nourishment and alleviate hunger within its service area. To accomplish this, Renewal Food Bank collaborates with various local community organizations, grocery stores, corporations, and individuals. The organization acquires food through various means, including food drives, contributions from local grocery stores, and direct purchases. In the year 2022, Renewal Food Bank successfully distributed food at no cost to over 36,669 needy individuals, demonstrating its unwavering commitment to combating hunger in its community.
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Impact
July, 2024
Renewal Food Bank's impact is significant in addressing hunger and providing support to needy and economically vulnerable individuals in Bellevue, Washington, and surrounding communities. In 2022 alone, Renewal Food Bank distributed food at no cost to over 36,669 individuals facing food insecurity. By working with community organizations, local businesses, and individuals, Renewal Food Bank plays a crucial role in alleviating hunger and ensuring that those in need have access to essential food supplies.
This information is meant to be a general summary of Renewal 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: $1,235
- Gross Receipts: $875,965
Assets and Liabilities:
- Total Assets: $575,182
- Total Liabilities: $4,600
- Net Assets: $570,582
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Organization Details
Founding Year
2012
Principal Officer
Phillip Peters
Main Address
12819 SE 38th St PMB 241, Bellevue, WA, 98006
Website
www.renewalfoodbank.comNTEE Category
Code: P60 - Human services
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