Overview
What is Federation Of Virginia Food Banks?
The Federation of Virginia Food Banks is a nonprofit organization dedicated to strengthening Virginia's Food bank network. Their primary mission involves fostering collaboration among various food banks, partners, and community members to enhance nutrition security and promote the growth of healthy, resilient communities. They achieve this goal by establishing a comprehensive statewide system that encompasses food distribution, funding, education, advocacy, and outreach programs. This multifaceted approach empowers the Food bank network to effectively address food insecurity and contribute to the overall well-being of the Virginia community.
Official website here: www.vafoodbanks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Federation of Virginia Food Banks has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization scored 96% in the Accountability & Finance category, which is crucial for ensuring donor trust and effective resource management. The high rating indicates that the nonprofit is well-managed, with an independent board and robust financial oversight practices.
Strengths of the organization include a fully independent board of directors, which enhances its governance structure. The organization has also been recognized for having no material diversion of assets and maintaining exemplary financial ratios, such as a program expense ratio of 98.31%. This suggests that the majority of funds are directed towards its mission to support food banks across Virginia, reinforcing its effectiveness in combating food insecurity.
While the data does not indicate any major limitations, maintaining high standards in governance and financial practices will be essential for continued success and donor confidence. The organization appears to be on a solid path, but ongoing transparency and accountability will be key factors in sustaining its positive reputation.
This AI summary has been generated from information found on Charity Navigator.
Is Federation Of Virginia Food Banks legitimate?
Federation Of Virginia Food Banks is a legitimate nonprofit organization registered as a 501(c)(3) entity. Federation Of Virginia Food Banks 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: $136,713
Professional Fundraising Fees: $150,094
Other Salaries and Wages: $492,255
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Official website here: www.vafoodbanks.org
What is the mission statement of Federation Of Virginia Food Banks?
The Federation of Virginia Food Banks was established with the mission to foster collaboration among Virginia's food banks, partners, and communities. Their primary objective is to enhance nutrition security and cultivate robust, healthy communities. To achieve this, they develop a comprehensive statewide system encompassing Food distribution, funding, education, advocacy, and outreach programs. This system aims to strengthen the network of food banks, advocate for the needs of those in need, and provide educational resources to empower communities.
Official website here: www.vafoodbanks.org
What is the revenue of Federation Of Virginia Food Banks?
Federation Of Virginia Food Banks's revenue in 2024 was $13,181,643.
Official website here: www.vafoodbanks.org
Who are the executives of Federation Of Virginia Food Banks and what are their salaries?
The average compensation at Federation Of Virginia Food Banks during 2024 was $157,242. There are 4 employees and 7 volunteers at Federation Of Virginia Food Banks.
Here are 8 key members and their salaries:
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- Other: $8,447
Official website here: www.vafoodbanks.org
Where can I find the form 990 for Federation Of Virginia Food Banks?
Federation Of Virginia Food Banks's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.vafoodbanks.org
Learn more at the official website: www.vafoodbanks.org
Mission Statement of Federation Of Virginia Food Banks
The Federation of Virginia Food Banks, a prominent nonprofit organization, was established with the mission to foster collaboration among Virginia's food banks, partners, and local communities. Their primary objective is to enhance nutrition security and cultivate strong, healthy communities. To achieve this mission, they have developed a comprehensive statewide system that encompasses Food distribution, funding, education, advocacy, and outreach programs. This system aims to support the existing network of Food banks, ensuring that they can effectively serve those in need and contribute to the overall well-being of the communities they serve. By implementing this multi-faceted approach, the Federation of Virginia Food Banks seeks to empower these communities and the individuals within them, ultimately working towards a future where everyone has access to adequate nutrition and a higher quality of life.
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Impact
July, 2024
The Federation of Virginia Food Banks plays a crucial role in facilitating statewide collaboration among Virginia's food banks, partners, and neighbors to improve nutrition security and empower strong, healthy communities. Through its efforts, the organization enhances food distribution, funding, education, advocacy, and outreach programs to ensure that individuals and families in need have access to nourishing food. By uniting various stakeholders and resources, the Federation of Virginia Food Banks makes a significant impact in addressing hunger and promoting well-being across the state.
This information is meant to be a general summary of Federation Of Virginia Food Banks. 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 2024.
- Investment Income: $10,276
- Program Service Revenue: $125,000
- Gross Receipts: $13,188,319
Assets and Liabilities:
- Total Assets: $1,700,270
- Total Liabilities: $694,427
- Net Assets: $1,005,843
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$125,000
Organization Details
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