Feed More
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
Feed More does not meet the following 6 Standards for Charity Accountability:
Standard 1 (Oversight of Operations and Staff)
Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.
Feed More does not meet this Standard because its board of directors does not:
- Receive information about the financial arrangements made with outside fund raising firm and/or consultants hired in the past year.
Standard 6 (Board Policy on Effectiveness)
Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.
Feed More does not meet this Standard because:
- The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.
Standard 7 (Board Approval of Written Report on Effectiveness)
Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.
Feed More does not meet this Standard because:
- The organization has not completed an effectiveness assessment in the last two years.
Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
Feed More does not meet this Standard because the 2023 annual report did not include:
- A roster of the board of directors.
Standard 18 (Privacy for Written Appeals & Internet Privacy)
Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.
Feed More does not meet this Standard because the privacy policy on its website, https://feedmore.org, does not indicate:
- What security measures are in place to protect personal information that is collected.
Standard 19 (Cause Related Marketing)
Clearly disclose how the charity benefits from the sale of products or services (i.e., cause-related marketing) that state or imply that a charity will benefit from a consumer sale or transaction. Such promotions should disclose, at the point of solicitation: (a) the actual or anticipated portion of the purchase price that will benefit the charity (e.g., 5 cents will be contributed to abc charity for every xyz company product sold), (b) the duration of the campaign (e.g., the month of October), (c) any maximum or guaranteed minimum contribution amount (e.g., up to a maximum of $200,000).
Feed More does not meet this Standard because, in the past year, the organization participated in promotions for the sale of consumer goods or services that indicate that the organization will benefit from these purchases. The promotions, however, did not specify:
- The actual or anticipated amount of the purchase price that will benefit the organization.
Feed More meets the remaining 14 Standards for Charity Accountability.
Stated Purpose:
"to fight hunger in Central Virginia."
Year, State Incorporated:
1980, VA
Feed More collects, prepares and distributes food to bring hunger relief throughout Central Virginia. The organization reports serving 29 counties and five cities, offering programs and a network of more than 400 distribution partners to help ensure access to healthy meals year-round. During 2023, Feed More reports distributing more than 35 million pounds of food and having more than 1.2 million visitors to food pantry and partner agencies.
For the year ended June 30, 2023, Feed More's program expenses were:
| Program services | $80,684,654 |
| Total Program Expenses | $80,684,654 |
Chief Executive
Douglas Pick, President and Chief Executive Officer
Compensation*
$349,525
Chair of the Board
Brian S. Davis
Chair's Profession / Business Affiliation
Partner, KPMG
Board Size
14
Paid Staff Size
142
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.), Radio, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Television
Fundraising costs were 2% of related contributions. (Related contributions, which totaled $82,361,206, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Feed More's audited financial statements for the year ended June 30, 2023.
Source of Funds
| Donated foods | $63,800,545 |
| Board and individual donations | $10,941,644 |
| Government fees | $4,960,066 |
| Foundation grants and contributions | $2,922,895 |
| Corporate and other contributions | $2,522,292 |
| Government grants | $1,673,914 |
| Program fees | $1,027,428 |
| Interest and dividends | $651,482 |
| Civic organization contributions | $499,916 |
| Membership fees | $19,135 |
| Miscellaneous income | $657 |
| Total Income | $89,019,974 |
Programs: 97% Fundraising: 2% Administrative: 1%
| Total Income | $89,019,974 |
| Total expenses: | $83,145,990 |
| Program expenses | $80,684,654 |
| Fundraising expenses | $1,347,092 |
| Administrative expenses | $1,114,244 |
| Other expenses | $0 |
| Income in Excess of Expenses | $5,873,984 |
| Beginning Net Assets | $43,852,392 |
| Other Changes In Net Assets | $1,090,183 |
| Ending Net Assets | $50,816,559 |
| Total Liabilities | $939,460 |
| Total Assets | $51,756,019 |
Note 1: According to Feed More's audited financial statements for the year ended June 30, 2023, the organization received in kind contributions of $63,800,545 in food.
Note 2: In the financial summary above, “other changes in net assets” refers to unrealized and realized gain on investments ($1,077,014) and gain on sale of equipment ($13,169).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB Wise Giving Alliance