Overview
What is Bread Of The Mighty Food Bank Inc?
Bread of the Mighty Food Bank Inc is a nonprofit organization situated in Gainesville, Florida, specifically at 325 NW 10 Avenue. Their primary mission is to eradicate hunger and food insecurity among the residents of Alachua, Dixie, Gilchrist, Lafayette, and surrounding areas. They achieve this by coordinating the acquisition and distribution of food and essential items to various nonprofit programs. These programs include soup kitchens, food pantries, faith-based organizations, and community feeding programs. In 20XX, they successfully distributed 16 million pounds of food through their network of 184 agencies, providing essential support to those in need. As of now, the organization employs 58 individuals dedicated to their cause.
Official website here: www.breadofthemighty.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating:** 90% (Four-Star out of Four Star rating)
Bread Of The Mighty Food Bank Inc has achieved a solid Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and transparency in its financial practices. The rating is derived from a combination of Accountability & Finance and Impact & Measurement scores, reflecting the organization’s effective use of its funds and significant impact on the community it serves. Specifically, the organization excels in its program expense ratio, demonstrating high efficiency as it allocates the majority of its funds directly to its programs.
Strengths noted include a full independent board and a low ratio of liabilities to assets, suggesting sound financial health. Furthermore, the organization distributes food at a cost per meal significantly lower than the local average, which adds to its effectiveness in combating food insecurity. However, there are gaps in certain policies, such as the absence of a whistleblower and document retention policy, which highlight areas for improvement in governance practices.
User reviews could not be fetched from GreatNonprofits, leaving a gap in personal feedback from those directly impacted by their services. Nevertheless, the overall ratings and financial data indicate that Bread Of The Mighty Food Bank Inc is making a valuable contribution to addressing hunger in its community.
This AI summary has been generated from information found on Charity Navigator.
Is Bread Of The Mighty Food Bank Inc legitimate?
Bread Of The Mighty Food Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bread Of The Mighty Food Bank 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $958,150
For more financial information, click here
Official website here: www.breadofthemighty.org
What is the mission statement of Bread Of The Mighty Food Bank Inc?
The Bread of the Mighty Food Bank Inc is a nonprofit organization dedicated to addressing food insecurity among vulnerable citizens. Its primary mission is to coordinate the acquisition and distribution of food and basic essentials to various nonprofit programs. By doing so, the food bank aims to eliminate hunger and food insecurity within the communities of Alacua, Dixie, Gilchrist, and Lafayette. The organization primarily achieves this goal by working with a network of 184 agencies, which include soup kitchens, food pantries, faith-based organizations, and community feeding programs. These agencies serve on the front lines of poverty, providing essential resources to those in need. The food bank distributed 16 million pounds of food, serving the North Central Florida area in 20XX.
Official website here: www.breadofthemighty.org
Who is the CEO of Bread Of The Mighty Food Bank Inc?
Guy Roig is the Chairman of Bread Of The Mighty Food Bank Inc.
Official website here: www.breadofthemighty.org
What is the revenue of Bread Of The Mighty Food Bank Inc?
Bread Of The Mighty Food Bank Inc's revenue in 2022 was $7,080,178.
Official website here: www.breadofthemighty.org
Who are the executives of Bread Of The Mighty Food Bank Inc and what are their salaries?
The average compensation at Bread Of The Mighty Food Bank Inc during 2022 was $16,520. There are 58 employees and 3297 volunteers at Bread Of The Mighty Food Bank Inc.
Here are 4 key members and their salaries:
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- Other: $0
Official website here: www.breadofthemighty.org
Where can I find the form 990 for Bread Of The Mighty Food Bank Inc?
Bread Of The Mighty Food Bank Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.breadofthemighty.org
Learn more at the official website: www.breadofthemighty.org
Mission Statement of Bread Of The Mighty Food Bank Inc
Bread of the Mighty Food Bank Inc is a nonprofit organization with a mission to eradicate hunger and food insecurity among the citizens of Alacua, Dixie, Gilchrist, Lafayette, and surrounding areas. They accomplish this by coordinating the acquisition and distribution of food and basic essentials to various nonprofit programs that directly serve the needy. These programs include soup kitchens, food pantries, faith-based, and community feeding and food programs. By doing so, Bread of the Mighty Food Bank Inc's network of 184 agencies works tirelessly on the front lines of poverty, ensuring that 16 million pounds of food are distributed to those in need annually.
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Impact
July, 2024
Bread Of The Mighty Food Bank Inc has a significant impact on the North Central Florida area by distributing 16 million pounds of food annually. This nonprofit organization plays a critical role in eliminating hunger and food insecurity among citizens in Alachua, Dixie, Gilchrist, and Lafayette counties. Through a network of 184 agencies, including soup kitchens, food pantries, faith-based organizations, and community feeding programs, Bread Of The Mighty Food Bank Inc ensures that essential food items reach those in need.
This information is meant to be a general summary of Bread Of The Mighty Food Bank 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: $491
- Program Service Revenue: $375,340
- Gross Receipts: $7,080,178
Assets and Liabilities:
- Total Assets: $3,761,414
- Total Liabilities: $546,595
- Net Assets: $3,214,819
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARED MAINTENANCE FEES
Revenue
$369,627
PALLET SALES
Revenue
$3,549
MISCELLANEOUS
Revenue
$2,164
Organization Details
Founding Year
1987
Phone
(352) 336-0839Principal Officer
Guy Roig
Main Address
325 NW 10 AVE, GAINESVILLE, FL, 32601
Website
www.breadofthemighty.orgNTEE Category
Code: K31 - Food
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