Overview
What is The Foodbank Inc?
The Foodbank Inc, located at 56 Armor Place in Dayton, Ohio (45417), is a compassionate nonprofit organization dedicated to alleviating hunger in the Miami Valley community. Through the acquisition and distribution of food, they provide essential nourishment to those in need, contributing to over 12.6 million meals being served during the past fiscal year. The Foodbank's network includes pantries, community kitchens, shelters, and charitable programs, all working together to improve the health and development of food-insecure individuals. The organization, with 84 employees, plays a vital role in connecting resources to those who require them most.
Official website here: www.thefoodbankdayton.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
The Foodbank Inc has achieved an impressive Four-Star rating from Charity Navigator with a score of 99%. This rating reflects the charity's strong performance in accountability and finance, with a perfect score of 100% in Financial Statements and no material diversion of assets. The organization has demonstrated efficient fundraising with a low cost of $0.02 per dollar raised, indicating effective use of resources.
While The Foodbank Inc excels in financial management, certain aspects like leadership and community culture have room for improvement, scoring only 9% and 7% respectively. However, the organization does boast a majority independent board with 91% of its members being independent, which enhances its governance structure. Investment in leadership development is also notable, with significant funds allocated for team training.
Overall, The Foodbank Inc stands out for its financial health and commitment to impact measurement, achieving a 100% score in this area. Continuous efforts to strengthen leadership and community engagement will be essential for sustaining its positive trajectory and maximizing its impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Foodbank Inc legitimate?
The Foodbank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The 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: $257,157
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,942,194
For more financial information, click here
Official website here: www.thefoodbankdayton.org
What is the mission statement of The Foodbank Inc?
The Foodbank Inc is dedicated to alleviating hunger in the community by acquiring and distributing food to those in need. Through a network of partner agencies, this organization provides essential nourishment to food insecure individuals. During the last fiscal year, The Foodbank distributed 15,159,018 pounds of food, resulting in 12,632,515 meals served. The mission is to make a difference in people's lives by ensuring access to nutritious food, contributing to their overall health and development. The Foodbank's distribution network reaches various charitable programs, including pantries, community kitchens, shelters, and other organizations, thereby supporting a hunger-free community.
Official website here: www.thefoodbankdayton.org
Who is the CEO of The Foodbank Inc?
Michelle L Riley is the Chair of The Foodbank Inc.
Official website here: www.thefoodbankdayton.org
What is the revenue of The Foodbank Inc?
The Foodbank Inc's revenue in 2022 was $27,891,927.
Official website here: www.thefoodbankdayton.org
Who are the executives of The Foodbank Inc and what are their salaries?
The average compensation at The Foodbank Inc during 2022 was $26,183. There are 84 employees and 2088 volunteers at The Foodbank Inc.
Here are 13 key members and their salaries:
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- Compensation: $209,893
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- Other: $14,492
Official website here: www.thefoodbankdayton.org
Where can I find the form 990 for The Foodbank Inc?
The Foodbank Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thefoodbankdayton.org
Learn more at the official website: www.thefoodbankdayton.org
Mission Statement of The Foodbank Inc
The Foodbank Inc, a key player in the community, works tirelessly to alleviate hunger through a network of partner agencies. By acquiring and distributing food, this organization plays a vital role in providing nourishment to food insecure individuals. The mission of The Foodbank extends beyond mere distribution, as it aims to support the health and development of those in need.
Food and related supplies are meticulously gathered and then dispersed to a extensive network of charitable programs. These initiatives include food pantries, community kitchens, and shelters. Each of these beneficiaries plays a crucial role in ensuring that hungry individuals receive the sustenance they require. In the fiscal year under review, The Foodbank was responsible for distributing an impressive 15,159,018 pounds of food. This equated to a staggering 12,632,515 meals served, a testament to the organization's impact on the community.
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Impact
October, 2024
The Foodbank Inc significantly alleviates hunger in the Miami Valley through an extensive network of partner agencies. By acquiring and distributing food, it directly addresses the needs of food-insecure individuals, ensuring that essential resources reach those in need. In a recent fiscal year, it distributed an impressive 15,159,018 pounds of food, translating to over 12.6 million meals provided to the community. This effort supports local pantries, community kitchens, shelters, and various charitable programs, all aimed at enhancing the health and development of vulnerable populations. The impact of The Foodbank Inc is profound, as it plays a critical role in fostering food security and improving the quality of life for many in the community.
This information is meant to be a general summary of The 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.
- Gross Receipts: $27,891,927
Assets and Liabilities:
- Total Assets: $20,325,458
- Total Liabilities: $501,407
- Net Assets: $19,824,051
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Organization Details
Founding Year
2004
Phone
(937) 461-0265Principal Officer
Michelle L Riley
Main Address
56 ARMOR PLACE, DAYTON, OH, 45417
Website
www.thefoodbankdayton.orgNTEE Category
Code: K31 - Food
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