Overview
What is Food City Charitable Foundation?
The Food City Charitable Foundation is a nonprofit organization situated in Abingdon, Virginia. Its primary mission is to reinforce local charitable organizations within their region by providing them with the additional funds needed to overcome their financial shortfalls. By doing so, the Foundation aims to support these organizations in carrying out their respective missions more effectively and beneficially for their communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (71%)
The Food City Charitable Foundation has received a "Needs Improvement" rating, with a score of 71%. This rating indicates that while the organization demonstrates a commitment to accountability and transparency, there are areas that require enhancement to achieve a higher rating. The foundation shows strong financial stability, with a very low liabilities to assets ratio and an impressive program expense ratio, allocating 99.21% of its expenses directly to its programs.
Strengths of the Food City Charitable Foundation include its fully independent board, with 100% of its members meeting independence criteria, which promotes objective governance. Additionally, the organization has no issues with material diversion of assets, and it maintains a clear conflict of interest policy. The documentation of board meeting minutes further signifies a commitment to transparency in operations.
However, despite these strengths, the overall rating reflects a need for improvements in certain operational aspects. While the foundation excels in financial management, there may be other areas, such as strategic planning or community outreach, that require further development to enhance its impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Food City Charitable Foundation legitimate?
Food City Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Food City Charitable Foundation 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: $0
For more financial information, click here
What is the mission statement of Food City Charitable Foundation?
The Food City Charitable Foundation's mission is to support local non-profit organizations by providing them with the additional funds required to bridge their financial shortfalls. By doing so, the foundation aims to contribute to the betterment of these organizations and the communities they serve. The foundation's activities are focused on assisting these organizations in overcoming their financial challenges, thereby enabling them to continue their vital work. The goal is to enhance the overall impact and effectiveness of these non-profit organizations. The foundation's mission is to serve as a vital source of financial aid, helping local non-profits to bridge their financial gaps and continue their valuable services.
Who is the CEO of Food City Charitable Foundation?
Steven C Smith is the President of Food City Charitable Foundation.
What is the revenue of Food City Charitable Foundation?
Food City Charitable Foundation's revenue in 2022 was $1,495,073.
Who are the executives of Food City Charitable Foundation and what are their salaries?
Here are 5 key members and their salaries:
- 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
Where can I find the form 990 for Food City Charitable Foundation?
Food City Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Food City Charitable Foundation
Food City Charitable Foundation is committed to supporting local non-profit organizations in their mission by providing them with the additional funds required to bridge their financial gaps. By doing so, the foundation aims to contribute to the overall well-being of these organizations and the communities they serve. The foundation's mission is to act as a financial lifeline for these non-profits, helping them to maintain their operations and continue their vital work. By decreasing the financial shortfalls of these organizations, Food City Charitable Foundation plays a crucial role in ensuring that they can continue to make a positive impact in their communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Food City Charitable Foundation's impact is evident in the significant support it provides to local nonprofit organizations in the region. By supplying additional funds to these organizations, the foundation helps decrease their shortfalls and enables them to continue their crucial work in serving the community. This support plays a vital role in addressing various needs in the region, particularly in the realm of human services, ultimately contributing to the betterment of the community as a whole.
This information is meant to be a general summary of Food City Charitable Foundation. 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: $2,018,843
Assets and Liabilities:
- Total Assets: $3,914,361
- Total Liabilities: $134,464
- Net Assets: $3,779,897
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(276) 623-5100Principal Officer
Steven C Smith
Main Address
P O BOX 1158, ABINGDON, VA, 24212
NTEE Category
Code: P112 - Human services
If you are a representative of Food City Charitable Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.