Overview
What is Food For Hope?
Food For Hope is a compassionate nonprofit organization based in Eastlake, Colorado. Their primary mission is to empower and strengthen communities by offering nutritious food to children in need. They achieve this through their in-school food banks, which provide students with enough fresh and non-perishable groceries to last a week. This discreet service enables children facing hunger to obtain necessary provisions without the need to travel elsewhere. Food For Hope currently operates at seven locations within three school districts, distributing a substantial amount of food – 74,000 pounds – during the 22-23 school year. With a dedicated workforce of only two individuals, Food For Hope's impact on children's lives in the community is significant.
Official website here: www.foodforhope.net/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Food For Hope has achieved a respectable Three-Star rating, indicative of a stable organization with a strong focus on accountability and finance. The charity scores particularly well in terms of financial transparency, with a program expense ratio of 81.81% and a low liabilities-to-assets ratio of 3.23%. This indicates effective use of funds towards its programs rather than administrative costs.
The organization also excels in governance, with a fully independent board and no reported diversion of assets. Feedback collection and utilization are impressive, scoring a perfect 100 in both areas, showing a commitment to incorporating community input into its operations. However, the charity's score in equity policies and processes suggests room for improvement, as it received only 3 out of 7 points in that category.
Despite its strengths, the much lower score in Culture & Community (17%) compared to its Accountability & Finance score (83%) highlights a potential area for growth. Addressing this disparity could enhance the charity's overall impact and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Food For Hope legitimate?
Food For Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Food For Hope 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: $42,480
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.foodforhope.net/
What is the mission statement of Food For Hope?
Food For Hope's mission is centered around empowering and strengthening communities by providing nutritious food to children in need. By operating in-school food banks, the organization enables students experiencing hunger to discreetly obtain enough fresh and non-perishable items for a week. Food for Hope currently operates at seven locations across three different school districts, distributing a significant amount of food during the 22-23 school year. The organization's goal is to contribute positively to the future of these communities by addressing food insecurity among children.
Official website here: www.foodforhope.net/
Who is the CEO of Food For Hope?
Ruben Villarreal is the President of Food For Hope.
Official website here: www.foodforhope.net/
What is the revenue of Food For Hope?
Food For Hope's revenue in 2023 was $573,138.
Official website here: www.foodforhope.net/
Who are the executives of Food For Hope and what are their salaries?
The average compensation at Food For Hope during 2023 was $21,240. There are 2 employees and 350 volunteers at Food For Hope.
Here are 7 key members and their salaries:
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Official website here: www.foodforhope.net/
Where can I find the form 990 for Food For Hope?
Food For Hope's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foodforhope.net/
Learn more at the official website: www.foodforhope.net/
Mission Statement of Food For Hope
Food for Hope, as an organization, is committed to empowering and strengthening the future of communities by providing nutritious food to children in need. Their mission is centered around ensuring that children who are struggling with hunger have access to sufficient and nourishing food items. By operating in-school food banks, Food for Hope enables students to discretely shop for groceries that can sustain them for an entire week. These food banks are currently operational at seven different locations within three school districts, demonstrating their commitment to addressing food insecurity among students. During the 2022-2023 school year, Food for Hope distributed an impressive 74,000 pounds of food through its various food bank locations, underscoring the organization's impact on the communities it serves.
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Impact
July, 2024
Food For Hope's impact is substantial in providing nutritious food to children in need through in-school food banks. By allowing students to shop for fresh and non-perishable food items, Food for Hope ensures that students have enough food to last an entire week. This discreet solution enables students experiencing hunger to access essential meals without having to travel to another location. With operations in 7 locations across 3 school districts, Food for Hope distributed a significant 74,000 pounds of food throughout its food bank locations in the 22-23 school year.
This information is meant to be a general summary of Food For Hope. 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 2023.
- Investment Income: $5,004
- Program Service Revenue: $520,299
- Gross Receipts: $573,138
Assets and Liabilities:
- Total Assets: $382,687
- Total Liabilities: $12,373
- Net Assets: $370,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEEDING CHILDREN
Revenue
$520,299
Organization Details
Founding Year
2015
Phone
(720) 593-0940Principal Officer
Ruben Villarreal
Main Address
PO BOX 685, EASTLAKE, CO, 80614
Website
www.foodforhope.net/NTEE Category
Code: K31 - Food
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