Overview
What is St Croix Valley Foodbank Inc?
St. Croix Valley Foodbank Inc, a not-for-profit organization established in 2020, is dedicated to combating hunger in Western Wisconsin. The organization operates a mobile pantry, serving rural areas without food pantries and underserved communities with high poverty levels. St. Croix Valley Foodbank Inc receives and distributes food products to over 55 partner agencies, including food pantries, homeless shelters, and domestic abuse shelters in the region. The food they distribute includes essentials like milk, eggs, meat, vegetables, fruit, and household goods, ensuring that those in need have access to nutritious meals. The organization, with a team of 9 employees, plays a crucial role in addressing food insecurity within its community.
Official website here: www.stcroixvalleyfoodbank.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
St Croix Valley Foodbank Inc has achieved an impressive 97% rating from Charity Navigator, which reflects a high level of accountability and financial health. The organization scores full points in critical areas such as having a majority of independent board members and maintaining a strong audit and oversight committee. With a program expense ratio of 94.73%, it shows a strong commitment to directing funds toward its mission.
The financial metrics are equally favorable, with a low liabilities-to-assets ratio of 17.96% and exceptional fundraising efficiency at just $0.022 for every dollar raised. The food bank's adherence to transparency is evident, as it has established robust policies regarding conflicts of interest and document retention. All these factors contribute to a high level of trust from stakeholders and donors.
While the data highlights strong financial practices and governance, it is important to continually monitor how the organization adapts to changing community needs and potential economic challenges. Overall, St Croix Valley Foodbank Inc stands out as a well-managed nonprofit dedicated to serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is St Croix Valley Foodbank Inc legitimate?
St Croix Valley Foodbank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Croix Valley Foodbank 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: $99,692
Professional Fundraising Fees: $0
Other Salaries and Wages: $291,545
For more financial information, click here
Official website here: www.stcroixvalleyfoodbank.org
What is the mission statement of St Croix Valley Foodbank Inc?
St. Croix Valley Foodbank Inc, established in 2020, is a not-for-profit organization with a mission to combat hunger in western Wisconsin. Operating a mobile pantry, it serves rural areas without a food pantry and underserved communities with high poverty levels. The foodbank also receives and distributes food products to over 55 partner agencies, including pantries, homeless shelters, and domestic abuse shelters, in the region. Its primary goal is to ensure food security and alleviate hunger in these communities.
Official website here: www.stcroixvalleyfoodbank.org
Who is the CEO of St Croix Valley Foodbank Inc?
Ann Searles is the Executive Di of St Croix Valley Foodbank Inc.
Official website here: www.stcroixvalleyfoodbank.org
What is the revenue of St Croix Valley Foodbank Inc?
St Croix Valley Foodbank Inc's revenue in 2022 was $6,947,569.
Official website here: www.stcroixvalleyfoodbank.org
Who are the executives of St Croix Valley Foodbank Inc and what are their salaries?
The average compensation at St Croix Valley Foodbank Inc during 2022 was $43,471. There are 9 employees and 329 volunteers at St Croix Valley Foodbank Inc.
Here are 10 key members and their salaries:
- Compensation: $99,692
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Official website here: www.stcroixvalleyfoodbank.org
Where can I find the form 990 for St Croix Valley Foodbank Inc?
St Croix Valley Foodbank Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stcroixvalleyfoodbank.org
Learn more at the official website: www.stcroixvalleyfoodbank.org
Mission Statement of St Croix Valley Foodbank Inc
St. Croix Valley Foodbank Inc, established in 2020, is a not-for-profit organization with a mission to combat hunger in Western Wisconsin. The organization operates a mobile pantry, serving rural areas without a food pantry and underserved communities with high poverty levels. In addition, St. Croix Valley Foodbank Inc receives and distributes food products to over 55 partner agencies, including food pantries, homeless shelters, and domestic abuse shelters across Western Wisconsin. This nonprofit organization is committed to addressing food insecurity, ensuring that no one in the region goes hungry.
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Impact
July, 2024
St. Croix Valley Foodbank Inc's impact can be seen in the distribution of healthy food such as milk, eggs, meat, vegetables, fruit, and household goods to over 55 partner agencies in Western Wisconsin. They serve a crucial role in providing essential nutrition to pantries, homeless shelters, backpack programs, and domestic abuse shelters. Through their mobile pantry, they reach rural and high poverty communities that may not have easy access to food assistance. By receiving food contributions and purchasing additional food, the organization supports those struggling with hunger in a meaningful way, contributing to the effort to end food insecurity in the region.
This information is meant to be a general summary of St Croix Valley Foodbank 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.
- Program Service Revenue: $438,797
- Gross Receipts: $6,947,569
Assets and Liabilities:
- Total Assets: $794,058
- Total Liabilities: $249,126
- Net Assets: $544,932
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE - PRODUCT
Revenue
$394,609
EFSP
Revenue
$19,431
TEFAP INCOME
Revenue
$16,199
FSO INCOME
Revenue
$8,160
FSO ARPA INCOME
Revenue
$398
Organization Details
Founding Year
2020
Phone
(651) 343-6949Principal Officer
Ann Searles
Main Address
1231 INDUSTRIAL STREET 400, HUDSON, WI, 54016
NTEE Category
Code: K31 - Food
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