Overview
What is Kenai Peninsula Food Bank Inc?
Kenai Peninsula Food Bank Inc, situated in Soldotna, Alaska, is a dedicated nonprofit organization that addresses food insecurity in the region. Operating out of 33955 Community College Drive, the food bank serves an average of 1,667 meals per month through its onsite Fireweed Diner and distributes over a million pounds of food annually. Its mission is to collect and distribute food to the hungry, providing direct assistance to individuals and supporting other nonprofit organizations. Beyond food distribution, the food bank also operates an onsite soup kitchen, addressing immediate hunger needs within the community. With a team of 16 dedicated employees, Kenai Peninsula Food Bank Inc continues its work to alleviate hunger and promote food security in the region.
Official website here: www.kpfoodbank.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
Kenai Peninsula Food Bank Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The overall score is heavily weighted on the Accountability & Finance metric, which scored a remarkable 92%. This high rating indicates that the organization is well-managed and utilizes its resources effectively to serve its mission.
The organization demonstrates several strengths, including a fully independent board of directors, which consists of 11 members. It also shows solid financial practices, with no material diversion of assets and a very high program expense ratio of 91.68%, indicating that most of its funds are directed towards its charitable activities. Additionally, its fundraising efficiency is commendable, with only $0.04 spent to raise each dollar, showcasing its cost-effectiveness.
However, there are some limitations noted in the evaluation. The charity is missing a whistleblower policy and a document retention and destruction policy, which are essential for ensuring transparency and accountability. While these gaps are not uncommon in nonprofit organizations, they are areas for improvement to enhance governance and operational integrity further. Overall, Kenai Peninsula Food Bank Inc appears to be an effective and reliable nonprofit organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Kenai Peninsula Food Bank Inc legitimate?
Kenai Peninsula Food Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kenai Peninsula Food Bank 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: $92,961
Professional Fundraising Fees: $0
Other Salaries and Wages: $398,294
For more financial information, click here
Official website here: www.kpfoodbank.org
What is the mission statement of Kenai Peninsula Food Bank Inc?
The Kenai Peninsula Food Bank Inc's primary mission is centered around combating hunger. They accomplish this by collecting and distributing food directly to individuals in need and other nonprofit organizations. Moreover, the food bank operates an onsite soup kitchen to provide nourishment. The food bank serves a significant number of meals, averaging around 1,667 per month, through the Fireweed Diner. Additionally, they process over a million pounds of food annually, providing essential food supplies to direct service clients, who receive federal commodities and emergency food boxes.
Official website here: www.kpfoodbank.org
What is the revenue of Kenai Peninsula Food Bank Inc?
Kenai Peninsula Food Bank Inc's revenue in 2023 was $4,180,323.
Official website here: www.kpfoodbank.org
Who are the executives of Kenai Peninsula Food Bank Inc and what are their salaries?
The average compensation at Kenai Peninsula Food Bank Inc during 2023 was $30,703. There are 16 employees and 200 volunteers at Kenai Peninsula Food Bank Inc.
Here are 13 key members and their salaries:
- Compensation: $92,962
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Official website here: www.kpfoodbank.org
Where can I find the form 990 for Kenai Peninsula Food Bank Inc?
Kenai Peninsula Food Bank Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kpfoodbank.org
Learn more at the official website: www.kpfoodbank.org
Mission Statement of Kenai Peninsula Food Bank Inc
Kenai Peninsula Food Bank Inc is committed to addressing hunger in its community. Its mission is centered around the collection and distribution of food to those in need, both directly to individuals and through nonprofit organizations. The food bank also operates an onsite soup kitchen, known as Fireweed Diner. Through this initiative, it serves over 20,000 meals each month, providing a vital source of nourishment for many. In addition to this, Kenai Peninsula Food Bank Inc processes over a million pounds of food annually, ensuring that a steady supply of nutritious meals is available. Direct service clients, comprising adults and children, receive federal commodities and emergency food boxes through the food bank's programs.
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Impact
July, 2024
Kenai Peninsula Food Bank Inc directly impacts the community by providing essential food assistance to individuals and other organizations in need. Through their food bank collection and distribution efforts, as well as operating an onsite soup kitchen known as Fireweed Diner, they serve over 20,000 meals each year. Additionally, the organization processes over a million pounds of food to support their direct service clients, including adults and children receiving federal commodities and emergency food boxes. Their impactful work helps alleviate hunger and food insecurity in Soldotna, AK, making a significant difference in the lives of those they serve.
This information is meant to be a general summary of Kenai Peninsula Food Bank 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 2023.
- Investment Income: $22,506
- Program Service Revenue: $81,263
- Gross Receipts: $4,180,323
Assets and Liabilities:
- Total Assets: $2,771,599
- Total Liabilities: $126,339
- Net Assets: $2,645,260
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARED MAINTENANCE FEES
Revenue
$81,263
Organization Details
Founding Year
1988
Principal Officer
Gregory Meyer
Website
www.kpfoodbank.orgNTEE Category
Code: K31Z - Food
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