Overview
What is Plenty Inc?
Plenty Inc, located in Floyd, Virginia, is a compassionate nonprofit organization dedicated to addressing food insecurity within their community. They achieve this mission by running a local food bank and delivering meals directly to those in need. Additionally, they provide free community meals as part of their initiatives. The organization also operates a farm, which serves as an educational resource for local schools, promoting sustainable agricultural practices and knowledge. Moreover, Plenty Inc has a preschool produce program, allowing families to receive a weekly backpack of fresh produce during the fall season. With a staff of six individuals, this nonprofit is committed to nourishing their community and alleviating hunger in Floyd County.
Official website here: www.plentylocal.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating.
Plenty Inc has received a Two-Star rating, indicating a moderate level of accountability and financial health. The organization excels in having a majority of independent board members, with 100% independence among its board members. It also has a strong program expense ratio of 90.86%, suggesting that a significant portion of its funds is directed towards its programs.
However, the charity faces notable limitations in its accountability practices. There are several missing policies, including conflict of interest, whistleblower, and document retention policies, which could impact its overall governance. Additionally, the organization has not provided financial statements, resulting in a score of zero in this area, which is critical for transparency.
Overall, while Plenty Inc demonstrates strong financial performance and governance structure through its independent board, the absence of key policies and financial documentation raises concerns about its accountability standards. These factors contribute to the organization's moderate rating and highlight areas for potential improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Plenty Inc legitimate?
Plenty Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plenty 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: $45,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,627
For more financial information, click here
Official website here: www.plentylocal.org
What is the mission statement of Plenty Inc?
Plenty Inc, as an organization, is dedicated to nourishing communities and addressing food insecurity. Their mission is to provide sustenance to those in need by growing and sharing food locally. They achieve this by operating a food bank and delivering food directly to the community. Additionally, Plenty Inc offers free community meals and operates a farm that serves as an educational opportunity for local schools. Moreover, the organization runs a preschool produce program, allowing families to receive a weekly backpack of fresh produce during the fall season.
Official website here: www.plentylocal.org
Who is the CEO of Plenty Inc?
Jonathan Evans is the Executive Director of Plenty Inc.
Official website here: www.plentylocal.org
What is the revenue of Plenty Inc?
Plenty Inc's revenue in 2022 was $735,324.
Official website here: www.plentylocal.org
Who are the executives of Plenty Inc and what are their salaries?
The average compensation at Plenty Inc during 2022 was $21,938. There are 6 employees and 200 volunteers at Plenty Inc.
Here are 12 key members and their salaries:
- Compensation: $45,000
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- Other: $0
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Official website here: www.plentylocal.org
Where can I find the form 990 for Plenty Inc?
Plenty Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.plentylocal.org
Learn more at the official website: www.plentylocal.org
Mission Statement of Plenty Inc
Plenty Inc, a nonprofit organization, is dedicated to enriching the community and addressing hunger issues by cultivating and distributing food in Floyd County, Virginia. At the heart of its mission, Plenty Inc seeks to nourish its neighbors in need. The organization accomplishes this by operating a local food bank and delivering food directly to those in need. Beyond providing essential sustenance, Plenty Inc also organizes free community meals, offering a chance for individuals to gather and connect over a shared meal.
In addition to its food distribution efforts, Plenty Inc serves as an educational resource for local schools by operating a farm. This farm serves as a hands-on learning opportunity, allowing students to gain a deeper understanding of agriculture and food production. Furthermore, Plenty Inc runs a preschool produce program, giving families in the community the opportunity to receive a weekly backpack filled with fresh produce during the fall months. Through these initiatives, Plenty Inc nourishes its community and fosters connections, all while addressing the pressing issue of food insecurity.
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Impact
July, 2024
Plenty Inc has a significant impact on the community in Floyd County, Virginia by nourishing the community and feeding hungry neighbors through various initiatives. The organization operates a local food bank and provides free community meals to those in need. Additionally, Plenty Inc runs a farm that serves as an educational opportunity for local schools and maintains a preschool produce program that benefits local families by providing them with weekly produce. Overall, they are actively working towards addressing food insecurity and building a stronger, more connected community in Floyd County.
This information is meant to be a general summary of Plenty 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: $4
- Gross Receipts: $752,278
Assets and Liabilities:
- Total Assets: $731,471
- Total Liabilities: $7,386
- Net Assets: $724,085
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Organization Details
Founding Year
2013
Principal Officer
Jonathan Evans
Main Address
192 Elephant Curve Road, Floyd, VA, 24091
Website
www.plentylocal.orgNTEE Category
Code: K31 - Food
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