Overview
What is Food Bank Of North Alabama Inc?
The Food Bank of North Alabama Inc, located at 2000-B Vernon Avenue in Huntsville, Alabama (35805), functions as a nonprofit organization dedicated to collecting, storing, and distributing edible food to organizations in need. With a workforce of 28 employees, their mission is to combat food insecurity in the community by providing essential sustenance to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The Food Bank of North Alabama Inc has achieved a remarkable score of 98%, which reflects its high level of accountability and financial management. With an impressive Accountability & Finance Score of 95 and a perfect Impact & Measurement Score of 100, the organization demonstrates a commitment to effective resource allocation and measurable outcomes. Their program expense ratio stands at 98.36%, indicating that a significant portion of their funds directly supports programs that address hunger in the community.
Additionally, the Food Bank's fundraising efficiency is notably high, with a cost of just $0.01 per dollar raised. This efficiency, combined with a working capital ratio of 0.63 years, suggests that the organization is well-positioned to manage its financial resources responsibly. The nonprofit's impact evaluation score further emphasizes its effectiveness, as it has been rated 100 out of 100 points in this area.
While the organization has shown strong performance metrics, the working capital ratio indicates that they may need to monitor their reserves closely to ensure sustainability during times of increased demand. Overall, the Food Bank of North Alabama Inc stands out as a highly effective charity, utilizing its resources efficiently to combat food insecurity in the region.
This AI summary has been generated from information found on Charity Navigator.
Is Food Bank Of North Alabama Inc legitimate?
Food Bank Of North Alabama Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Food Bank Of North Alabama 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.
What is the mission statement of Food Bank Of North Alabama Inc?
The Food Bank of North Alabama Inc plays a crucial role in the community by collecting and redistributing edible food to organizations in need. Their mission is centered around this objective, with a focus on alleviating hunger. By obtaining and storing food supplies, they ensure that those facing food insecurity receive essential provisions. Through their distribution efforts, the Food Bank of North Alabama Inc bridges the gap between food availability and access for individuals and organizations in need. Their work contributes significantly to the well-being and nourishment of those who rely on their services.
Who is the CEO of Food Bank Of North Alabama Inc?
Shirley Schofield is the Executive Direcctor of Food Bank Of North Alabama Inc.
What is the revenue of Food Bank Of North Alabama Inc?
Food Bank Of North Alabama Inc's revenue in 2020 was $27,553,335.
Who are the executives of Food Bank Of North Alabama Inc and what are their salaries?
Where can I find the form 990 for Food Bank Of North Alabama Inc?
Food Bank Of North Alabama Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Food Bank Of North Alabama Inc
Food Bank of North Alabama, a respected nonprofit organization, is dedicated to collecting and distributing edible food to needy organizations within the community. Their mission is twofold: to collect surplus food from various sources and to warehouse and distribute it to those in need. By doing so, they bridge the gap between food availability and food accessibility for countless individuals who otherwise may go hungry. Through their diligent efforts, Food Bank of North Alabama ensures that nutritious meals reach those who require them most, contributing significantly to the overall health and well-being of the community.
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Impact
October, 2024
Food Bank of North Alabama Inc has a significant impact on the local community by addressing food insecurity and hunger. By collecting, warehousing, and distributing edible food, the organization ensures that nutritious meals reach those in need. Through partnerships with various local organizations, it effectively channels food resources to vulnerable populations, helping to alleviate the challenges faced by families and individuals struggling to access adequate food.
Located in Huntsville, Alabama, the Food Bank plays a crucial role in building a robust network of support for needy organizations, enhancing food distribution efforts throughout the region. Its mission directly contributes to the overall health and well-being of the community, fostering a sense of solidarity and support among residents. Each initiative to collect and distribute food helps reduce waste and provides a vital service to those experiencing hardship, ultimately strengthening the fabric of the community.
This information is meant to be a general summary of Food Bank Of North Alabama 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 2020.
- Investment Income: $58,471
- Program Service Revenue: $8,294,809
- Gross Receipts: $27,553,335
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
USDA commodity
Revenue
$5,483,564
USDA grant
Revenue
$1,410,322
VAP
Revenue
$296,877
Warehousing
Revenue
$485,963
Farmer's Food Collaborative
Revenue
$618,083
Organization Details
Founding Year
1984
Phone
(256) 539-2256Principal Officer
Shirley Schofield
Main Address
2000-B Vernon Avenue, Huntsville, AL, 35805
NTEE Category
Code: K31Z - Food
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