Overview
What is Food Bank Of Nevada County?
Food Bank of Nevada County is a compassionate nonprofit organization, located in Nevada County, dedicated to addressing food insecurity. Their primary mission is to distribute essential nourishment to those in need within the county. This is achieved through regular monthly distributions at four different locations, as well as from their warehouse and office. The organization's activities are centered around this mission, aiming to alleviate hunger and provide sustenance to the less fortunate residents of Nevada County.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating.
The Food Bank of Nevada County has received a low rating of 50%, indicating concerns regarding its accountability and financial practices. This rating reflects a lack of independent board members, with 0% of board members being independent, and significant gaps in governance practices, such as missing conflict of interest policies and the absence of meeting minutes. While the organization has a solid program expense ratio of 80.87%, suggesting that a majority of its funds are spent on programs, other financial transparency issues remain problematic.
In terms of financial health, the charity has a favorable liabilities to assets ratio of 9.96%, indicating a manageable level of debt relative to its assets. However, the absence of financial statements and required documents on its website raises red flags about overall transparency. The organization faces challenges in governance that need to be addressed to build trust with donors and the community it serves.
Overall, while the Food Bank of Nevada County demonstrates strong program spending, the significant governance deficiencies and lack of financial transparency may hinder its ability to effectively engage with stakeholders and ensure long-term sustainability. Improvements in these areas could enhance its reputation and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Food Bank Of Nevada County legitimate?
Food Bank Of Nevada County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Food Bank Of Nevada County 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: $63,223
Professional Fundraising Fees: $0
Other Salaries and Wages: $245,028
For more financial information, click here
What is the mission statement of Food Bank Of Nevada County?
The Food Bank of Nevada County, as an organization, is committed to serving those in need by distributing food monthly. They operate at four locations within Nevada County and provide assistance from their warehouse/office when necessary. Their primary mission is to alleviate food scarcity among the underprivileged in the area. This mission is executed through the distribution of food resources, ensuring that individuals in need have access to essential nourishment.
Who is the CEO of Food Bank Of Nevada County?
Julie Thornbury is the Executive Director of Food Bank Of Nevada County.
What is the revenue of Food Bank Of Nevada County?
Food Bank Of Nevada County's revenue in 2022 was $1,730,549.
Who are the executives of Food Bank Of Nevada County and what are their salaries?
The average compensation at Food Bank Of Nevada County during 2022 was $19,266. There are 16 employees at Food Bank Of Nevada County.
Here are 8 key members and their salaries:
- Compensation: $63,223
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Food Bank Of Nevada County?
Food Bank Of Nevada County's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Food Bank Of Nevada County
Food Bank of Nevada County, as its name suggests, is committed to addressing food insecurity within the community. Their primary mission is to distribute nutritious food to individuals in need, providing monthly assistance at four designated sites across Nevada County. This nonprofit organization goes beyond just distributing food; they also offer assistance at their warehouse/office when the demand arises. The ultimate goal of Food Bank of Nevada County is to ensure no one in Nevada County goes hungry, thereby contributing to the well-being and health of the community.
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Impact
July, 2024
The Food Bank of Nevada County's impact is significant in providing essential food resources to those in need within Nevada County, California. Through their distribution programs at various sites throughout the county, the organization ensures that individuals and families facing food insecurity have access to nutritious meals on a regular basis. By fulfilling their mission to distribute food to the needy in the community, the Food Bank of Nevada County plays a crucial role in addressing hunger and promoting food security among vulnerable populations.
This information is meant to be a general summary of Food Bank Of Nevada County. 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: $3,482
- Gross Receipts: $1,730,549
Assets and Liabilities:
- Total Assets: $2,901,322
- Total Liabilities: $289,016
- Net Assets: $2,612,306
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Organization Details
Principal Officer
Julie Thornbury
Main Address
310 Railroad Avenue 100, Grass Valley, CA, 95945
NTEE Category
Code: K31Z - Food
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