Overview
What is Ferndale Food Bank?
Ferndale Food Bank is a local nonprofit organization situated in Ferndale, Washington. Its primary mission is to alleviate food scarcity in Whatcom County by offering a reliable food source through in-person distributions at its facility. During the 2021-2022 period, the food bank served approximately 26,480 individuals, providing them with an average of 48.07 units of food per person. The organization's operations are supported by generous cash contributions, food donations, and volunteer labor, with a total value of 359,095 dollars, 1,215,303 dollars, and 118,732 dollars, respectively. In addition to distributing food, the Ferndale Food Bank also purchases necessary supplies for distribution and values volunteer labor at 16.69 per hour. Overall, this community-focused organization works tirelessly to ensure that those in need have access to the nourishment they require.
Official website here: www.ferndalefoodbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%)
The Ferndale Food Bank has received a two-star rating from Charity Navigator, indicating that it needs improvement in its operations. While the organization demonstrates a strong commitment to accountability with 100% independent board members and a solid program expense ratio of 100%, it lacks necessary financial documentation, which significantly impacts its score. The absence of financial statements and policies for conflict of interest, whistleblower protections, and document retention raises concerns about transparency and governance.
Despite these shortcomings, the food bank is effectively utilizing its resources for its core mission, as indicated by its high program expense ratio. The organization has also managed to maintain a low liabilities to assets ratio, suggesting financial stability in terms of managing its obligations. However, the lack of published financial information and essential governance policies may hinder trust and support from potential donors.
To enhance its rating and overall effectiveness, the Ferndale Food Bank would benefit from implementing the missing policies and making its financial statements publicly available. Addressing these issues could improve transparency and potentially attract more community support, ensuring it can continue its vital services to those in need.
This AI summary has been generated from information found on Charity Navigator.
Is Ferndale Food Bank legitimate?
Ferndale Food Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ferndale Food Bank 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: $74,002
For more financial information, click here
Official website here: www.ferndalefoodbank.org
What is the mission statement of Ferndale Food Bank?
The Ferndale Food Bank, in its mission, aims to provide a reliable source of food to families in Whatcom County who are facing food scarcity. This is achieved through in-person distributions at the food bank's facility. During the 2021-2022 period, the food bank assisted approximately 26,480 individuals. The food bank also receives significant support, including cash contributions, food donations, and volunteer labor, contributing to its operations. The average value of food distributed per person was approximately $48.07, and the value of donated labor is calculated at around $16.69 per hour. Overall, the Ferndale Food Bank's mission is centered around alleviating food insecurity in the community by offering essential food supplies.
Official website here: www.ferndalefoodbank.org
Who is the CEO of Ferndale Food Bank?
Evan Anderson is the Executive Di of Ferndale Food Bank.
Official website here: www.ferndalefoodbank.org
What is the revenue of Ferndale Food Bank?
Ferndale Food Bank's revenue in 2022 was $1,650,215.
Official website here: www.ferndalefoodbank.org
Who are the executives of Ferndale Food Bank and what are their salaries?
The average compensation at Ferndale Food Bank during 2022 was $24,667. There are 3 employees and 119 volunteers at Ferndale Food Bank.
Here are 10 key members and their salaries:
- Compensation: $38,583
- Related: $0
- Other: $0
- Compensation: $11,250
- Related: $0
- Other: $0
- Compensation: $10,345
- Related: $0
- Other: $0
- Compensation: $6,230
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ferndalefoodbank.org
Where can I find the form 990 for Ferndale Food Bank?
Ferndale Food Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ferndalefoodbank.org
Learn more at the official website: www.ferndalefoodbank.org
Mission Statement of Ferndale Food Bank
Ferndale Food Bank, a local community organization, is dedicated to distributing food to individuals in need. Its mission is to provide a sustainable source of food to families experiencing food scarcity in Whatcom County. This is accomplished through in-person distributions at their facility. During the 2021/2022 year, the food bank served approximately 26,480 individuals, demonstrating its commitment to addressing food insecurity in the community. The organization receives financial contributions and food donations, which are instrumental in its operations. In addition, volunteer labor is a significant resource, valued at $16.69 per hour. The Ferndale Food Bank's operations are not limited to monetary and food contributions; the value of donated food is estimated at $1.82 per pound. This data suggests that the food bank is a vital resource in the community, providing essential support to those in need.
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Impact
July, 2024
Ferndale Food Bank has a significant impact on the community by providing a sustainable source of food to Whatcom County families experiencing food scarcity. In the 2021/2022 year alone, the food bank distributed food to approximately 26,480 individuals. They received generous contributions of cash, food, and volunteer labor, totaling to a substantial value. The average value of food distributed per person was $48.07, ensuring that those in need received vital sustenance. The food bank's efforts are crucial in combating hunger and supporting the well-being of community members in Ferndale.
This information is meant to be a general summary of Ferndale Food Bank. 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: $40,198
- Gross Receipts: $1,689,051
Assets and Liabilities:
- Total Assets: $637,048
- Total Liabilities: $1,397
- Net Assets: $635,651
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Organization Details
Founding Year
1981
Phone
(360) 384-1506Principal Officer
Evan Anderson
Main Address
PO BOX 1593, FERNDALE, WA, 98248
Website
www.ferndalefoodbank.orgNTEE Category
Code: K31 - Food
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