Overview
What is Food Bank Of Delaware Inc?
Food Bank of Delaware Inc is a Delaware-based nonprofit organization located at 222 Lake Drive, Newark, DE 19702. Their mission is to create a hunger-free community by supplying food to those in need and offering related information to others. The organization, with a team of 90 employees, distributes donated food to member agencies at a shared maintenance fee. The Food Bank of Delaware's primary activity revolves around facilitating access to essential resources for individuals facing food insecurity.
Official website here: www.fbd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
Food Bank Of Delaware Inc has achieved an exceptional Four-Star out of Four Star rating from Charity Navigator, indicating exemplary performance in accountability, finance, impact, and leadership. With a perfect score across all categories, this nonprofit demonstrates strong adherence to best practices in financial management and transparency, contributing significantly to its credibility and trustworthiness within the community.
The organization excels in its mission, focusing on feeding individuals in need while also aiming to transform and unite the community. With a program expense ratio of 93.28%, it effectively allocates the majority of its resources directly to its programs. The cost per meal is notably low at approximately $0.42, showcasing efficient operations and a commitment to maximizing the impact of donations.
Despite its strengths, there are no significant limitations reported in the available data, indicating a well-run organization with a highly engaged workforce, boasting an employee engagement score of 86%. The Food Bank Of Delaware Inc exemplifies a model nonprofit, combining strong governance, strategic goals, and effective community service.
This AI summary has been generated from information found on Charity Navigator.
Is Food Bank Of Delaware Inc legitimate?
Food Bank Of Delaware Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Food Bank Of Delaware 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: $537,055
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,614,587
For more financial information, click here
Official website here: www.fbd.org
What is the mission statement of Food Bank Of Delaware Inc?
The Food Bank of Delaware Inc is dedicated to making a difference in the community by alleviating hunger. Its mission is to create a hunger-free community by supplying food to those in need and imparting relevant information to others. The organization's primary activity revolves around its food distribution program, where it acquires food donations and makes them accessible to eligible member agencies at a shared maintenance fee.
Official website here: www.fbd.org
Who is the CEO of Food Bank Of Delaware Inc?
Cathy Kanefsky is the Board Chair of Food Bank Of Delaware Inc.
Official website here: www.fbd.org
What is the revenue of Food Bank Of Delaware Inc?
Food Bank Of Delaware Inc's revenue in 2022 was $34,997,234.
Official website here: www.fbd.org
Who are the executives of Food Bank Of Delaware Inc and what are their salaries?
The average compensation at Food Bank Of Delaware Inc during 2022 was $46,129. There are 90 employees and 15541 volunteers at Food Bank Of Delaware Inc.
Here are 25 key members and their salaries:
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Official website here: www.fbd.org
Where can I find the form 990 for Food Bank Of Delaware Inc?
Food Bank Of Delaware Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fbd.org
Learn more at the official website: www.fbd.org
Mission Statement of Food Bank Of Delaware Inc
Food Bank of Delaware, a tax-exempt organization, strives to create a hunger-free community by providing food to those in need and sharing essential information with others. Through its mission, the Food Bank plays a pivotal role in addressing food insecurity within Delaware.
The organization's primary activity revolves around its Food Distribution program. They acquire food and related products through donations, which are then made accessible to qualified member agencies. The Food Bank operates on a shared maintenance fee basis, ensuring the widest possible reach for those in need. By maintaining this program, Food Bank of Delaware ensures the nourishment of those who might otherwise go hungry.
In addition to food distribution, the organization extends its reach by offering valuable information to the community. By providing this crucial resource, Food Bank of Delaware not only meets the immediate needs of those experiencing food insecurity but also empowers individuals to make informed decisions about accessing the help they need. Together, these efforts create a comprehensive approach to alleviating hunger and promoting a healthier, more food-secure community.
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Impact
October, 2024
Food Bank of Delaware Inc significantly impacts the community by combating hunger and providing crucial resources to those in need. Through their food distribution program, they gather food and essential products from generous donations, which are then distributed to qualified member agencies. This system not only alleviates immediate food insecurity for countless individuals and families but also fosters a network of support that helps create lasting solutions to hunger in the community.
By ensuring that food reaches those who need it most, they contribute to enhancing the overall well-being of the population they serve. In addition to food provision, they also offer valuable information and resources, empowering individuals to improve their circumstances and supporting community resilience. The organization plays a vital role in promoting food security, encouraging collaboration among local agencies, and fostering a unified effort to build a hunger-free community in Delaware.
This information is meant to be a general summary of Food Bank Of Delaware 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: -$17,604
- Program Service Revenue: $1,103,150
- Gross Receipts: $35,059,966
Assets and Liabilities:
- Total Assets: $42,761,561
- Total Liabilities: $1,512,887
- Net Assets: $41,248,674
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$1,103,150
Organization Details
Founding Year
1972
Phone
(302) 292-1305Principal Officer
Cathy Kanefsky
Main Address
222 LAKE DRIVE, NEWARK, DE, 19702
Website
www.fbd.orgNTEE Category
Code: K31Z - Food
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