Overview
What is Placer Food Bank?
The Placer Food Bank, a 501C3 nonprofit organization based in Roseville, California, plays a pivotal role in addressing food insecurity in El Dorado, Nevada, and Placer Counties. With a team dedicated to their mission, they work tirelessly to ensure access to healthy food for individuals of all ages, genders, races, and ethnicities impacted by the pandemic, inflation, or natural disasters. As the primary food collection and distribution center in the area, they distribute fresh and non-perishable food to over 100,000 individuals per month through their network of over 90 hunger-relief and charitable organizations. In the 2021-2022 fiscal year, Placer Food Bank distributed over 8.2 million pounds of food. An active member of the California Association of Food Banks and Feeding America, they aim to educate the community about hunger and advocate for hunger relief, nourishing families in need. Their mission is to sustain communities by alleviating hunger and increasing public awareness.
Official website here: www.placerfoodbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star Rating
Placer Food Bank has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and impact. With a total score of 100%, the organization excels in both the Accountability & Finance and Impact & Measurement categories. Notably, it scored a remarkable 99 in Accountability & Finance, highlighting effective financial management and transparency practices.
The organization's strengths include a high program expense ratio of 92.88%, indicating that a significant portion of its funds directly supports its mission of providing food assistance. Additionally, its fundraising efficiency is exceptionally low at $0.03 per dollar raised, demonstrating effective resource allocation. The organization also has a solid Impact & Measurement score of 100, confirming its robust evaluation processes and positive impact on the community.
Despite these strengths, the accountability metrics indicate a working capital ratio of 0.37 years, which could suggest potential liquidity concerns. However, this is countered by a low liabilities to assets ratio of 31.12%, indicating overall financial health. Overall, Placer Food Bank stands out as a well-managed nonprofit that effectively meets the food security needs of its community.
This AI summary has been generated from information found on Charity Navigator.
Is Placer Food Bank legitimate?
Placer Food Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Placer 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: $149,708
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,467,374
For more financial information, click here
Official website here: www.placerfoodbank.org
What is the mission statement of Placer Food Bank?
The Placer Food Bank, a 501C3 nonprofit organization, is dedicated to alleviating hunger in three California counties: Placer, El Dorado, and Nevada. Their mission is to sustain communities by nourishing families experiencing food insecurity and educating the public about hunger while advocating for hunger relief. Through their network of over 90 hunger-relief and charitable organizations, they distribute fresh and non-perishable food to more than 100,000 individuals monthly. In the 2021-2022 fiscal year, they distributed 8.2 million pounds of food. The Placer Food Bank is a member of the California Association of Food Banks and Feeding America, and their team works diligently to provide access to healthy food for people of all ages, genders, races, and ethnicities impacted by the pandemic, inflation, or natural disasters.
Official website here: www.placerfoodbank.org
Who is the CEO of Placer Food Bank?
Dave Martinez is the Chair of Placer Food Bank.
Official website here: www.placerfoodbank.org
What is the revenue of Placer Food Bank?
Placer Food Bank's revenue in 2022 was $18,026,272.
Official website here: www.placerfoodbank.org
Who are the executives of Placer Food Bank and what are their salaries?
The average compensation at Placer Food Bank during 2022 was $35,935. There are 45 employees and 1048 volunteers at Placer Food Bank.
Here are 10 key members and their salaries:
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- Compensation: $129,570
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- Other: $20,138
Official website here: www.placerfoodbank.org
Where can I find the form 990 for Placer Food Bank?
Placer Food Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.placerfoodbank.org
Learn more at the official website: www.placerfoodbank.org
Mission Statement of Placer Food Bank
Placer Food Bank, a 501C3 nonprofit organization, is dedicated to alleviating hunger in Placer, El Dorado, and Nevada counties. With a mission to sustain communities by nourishing families experiencing food insecurity, the organization works diligently to provide access to healthy foods for individuals of all ages, genders, races, and ethnicities affected by the pandemic, inflation, or natural disasters. Placer Food Bank acts as the primary food collection and distribution center for hunger-relief efforts in the area, distributing fresh and non-perishable food to over 100,000 individuals per month through its network of over 90+ hunger-relief and charitable organizations. In the 2021-2022 fiscal year, Placer Food Bank distributed over 8.2 million pounds of food through its hunger relief partners. As a member of the California Association of Food Banks and the only local hunger-relief organization, and one of only 200 food banks nationwide, to be a member of Feeding America, the nation's leading domestic hunger-relief organization, Placer Food Bank's team and volunteers live out their mission every day. Their commitment extends beyond food distribution, as they also aim to educate the community about hunger and advocate for hunger relief.
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Impact
October, 2024
Placer Food Bank plays a crucial role in alleviating hunger across Placer, El Dorado, and Nevada Counties in California. It serves as a vital collection and distribution center, providing fresh and non-perishable food to more than 100,000 individuals each month. In the fiscal year 2021-2022 alone, it distributed over 8.2 million pounds of food through a network of more than 90 hunger-relief agencies.
The organization not only focuses on immediate food distribution but also emphasizes the importance of public awareness regarding hunger. By educating the community and encouraging donations of food, funds, and ideas, Placer Food Bank actively engages individuals in the fight against food insecurity.
Additionally, the agency's commitment to serving diverse populations means that it addresses the needs of people affected by various challenges, including the pandemic, inflation, and natural disasters. Its membership in the California Association of Food Banks and Feeding America highlights its credibility and alignment with national hunger-relief efforts. Through the dedication of its staff and volunteers, Placer Food Bank profoundly impacts community well-being by nourishing families and advocating for long-term solutions to hunger.
This information is meant to be a general summary of Placer 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: $17,197
- Program Service Revenue: $225,284
- Gross Receipts: $21,210,999
Assets and Liabilities:
- Total Assets: $7,740,934
- Total Liabilities: $481,097
- Net Assets: $7,259,837
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PURCHASED PRODUCT INCOME
Revenue
$117,900
SHARED MAINTENANCE
Revenue
$107,384
Organization Details
Founding Year
1970
Phone
(916) 783-0481Principal Officer
Dave Martinez
Main Address
8284 INDUSTRIAL AVENUE, ROSEVILLE, CA, 95678
Website
www.placerfoodbank.orgNTEE Category
Code: K30 - Food
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