Overview
What is Southeast Alaska Food Bank?
The Southeast Alaska Food Bank is a vital nonprofit organization situated in Juneau, Alaska. Its primary mission is to bridge the gap between those willing to lend a helping hand and those in need, by providing nutrition-rich food. This community-focused organization offers food assistance to a network of 39 local non-profit agencies and the general public. The food provided, both perishable and non-perishable, is sourced through donations and is available for selection 5 1/2 days a week. Agencies are charged a nominal fee of $0.16 per pound for most items, but certain items such as milk, fish sticks, and cannellini beans are offered free of charge. During the fiscal year ending June 30, 2022, the Southeast Alaska Food Bank distributed approximately 500,000 pounds of food, playing a significant role in addressing food insecurity in the region. With a dedicated team of four employees, the Southeast Alaska Food Bank continues to make a tangible impact on the lives of those in need.
Official website here: www.sealaskafoodbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Southeast Alaska Food Bank has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. With a score of 81%, the organization demonstrates strong management practices, such as having a fully independent board and no material diversion of assets, which strengthens donor confidence in its operations.
The food bank excels in its program expense ratio, allocating approximately 97.73% of its budget directly to programs, ensuring that the majority of funds raised directly support its mission of providing food assistance. The organization also adheres to best practices in governance, including a listed whistleblower policy and proper documentation of board meeting minutes, further showcasing its commitment to transparency.
Despite these strengths, there is always room for improvement in various aspects of nonprofit management. While the food bank is performing well overall, ongoing monitoring and enhancement of its financial strategies will be crucial to maintain and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Southeast Alaska Food Bank legitimate?
Southeast Alaska Food Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeast Alaska 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: $91,121
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,188
For more financial information, click here
Official website here: www.sealaskafoodbank.org
What is the mission statement of Southeast Alaska Food Bank?
The Southeast Alaska Food Bank, as a community-focused organization, is dedicated to bridging the gap between those willing to offer assistance and those in need, by providing nutritious food. Its mission is to serve as a vital resource, ensuring that individuals who lack access to adequate food receive nourishing provisions. The food bank supports 39 non-profit agencies and the general public, providing a wide range of both perishable and non-perishable donated items. The food is available for selection five and a half days a week, with a nominal charge for some items, such as milk, fish sticks, and cannellini beans, while others, like milk and certain canned beans, are offered at no cost. In the fiscal year ending June 30, 2022, the food bank distributed approximately 500,000 pounds of food.
Official website here: www.sealaskafoodbank.org
What is the revenue of Southeast Alaska Food Bank?
Southeast Alaska Food Bank's revenue in 2024 was $1,300,941.
Official website here: www.sealaskafoodbank.org
Who are the executives of Southeast Alaska Food Bank and what are their salaries?
The average compensation at Southeast Alaska Food Bank during 2024 was $19,914. There are 8 employees and 30 volunteers at Southeast Alaska Food Bank.
Here are 12 key members and their salaries:
- Compensation: $49,973
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- Other: $0
- Compensation: $41,148
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Official website here: www.sealaskafoodbank.org
Where can I find the form 990 for Southeast Alaska Food Bank?
Southeast Alaska Food Bank's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sealaskafoodbank.org
Learn more at the official website: www.sealaskafoodbank.org
Mission Statement of Southeast Alaska Food Bank
The Southeast Alaska Food Bank, as a dedicated community organization, is committed to bridging the gap between those who wish to offer aid and those in need, by providing nutritious food. Its primary mission is to serve as a vital resource, ensuring that individuals lacking food have access to adequate sustenance. By functioning as a bridge, the Food Bank fosters a sense of unity and cooperation within its community.
In pursuit of this mission, the Southeast Alaska Food Bank supplies food to 39 non-profit agencies and the general public. This food, both perishable and non-perishable, is made available for selection 5 1/2 days a week. These agencies pay a nominal fee of $0.16 per pound for most items, with certain items such as milk, fish sticks, and canned cannoli beans provided at no cost. This flexible approach allows agencies to select the food they require, ensuring that it is put to the best possible use. In the fiscal year ending June 30, 2022, the Southeast Alaska Food Bank successfully distributed approximately 500,000 pounds of food. This significant contribution not only addresses immediate food needs but also plays a role in fostering a sense of stability and security for those in need.
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Impact
July, 2024
The Southeast Alaska Food Bank provides nutritious food for those in need, serving as a vital community bridge between individuals who can offer assistance and those who require support. This organization has a significant impact, distributing about 500,000 pounds of donated perishable and non-perishable food annually to 39 agency non-profit members and the general public in Juneau, Alaska. The food bank plays a crucial role in addressing food insecurity and ensuring that individuals and families have access to essential food items.
This information is meant to be a general summary of Southeast Alaska 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 2024.
- Investment Income: $29,060
- Gross Receipts: $1,300,941
Assets and Liabilities:
- Total Assets: $1,278,425
- Total Liabilities: $2,280
- Net Assets: $1,276,145
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Organization Details
Founding Year
1999
Principal Officer
Elizabeth Pederson
Website
www.sealaskafoodbank.orgNTEE Category
Code: K31 - Food
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