The Foodbank, Inc.
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
The Foodbank, Inc. meets the 20 Standards for Charity Accountability.
Stated Purpose:
Eliminating hunger and its root causes.”
Year, State Incorporated:
2004, OH
The Foodbank, Inc. acquires, warehouses and distrubutes food supplies to a member of network pantries, community kitchens, shelters and other charitable programs, all of which support the health and development of needy individuals.
For the year ended June 30, 2022, The Foodbank, Inc.'s program expenses were:
| Programs | $31,178,913 |
| Total Program Expenses | $31,178,913 |
Chief Executive
Michelle Riley, CEO
Compensation*
$257,498
Chair of the Board
Troy Erbes
Chair's Profession / Business Affiliation
Hanis Construction
Board Size
8
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Television, Grant proposals, Internet, Cause-related marketing (affinity credit cards, consumer product sales, etc.)
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 The Foodbank, Inc.'s audited financial statements for the year ended June 30, 2022.
Source of Funds
| Donated Food and Products | $26,675,160 |
| Contributions | $4,884,887 |
| Governmental Grants | $1,757,572 |
| Change in Value of Beneficial Interest in Endowment Funds | $1,071,433 |
| Other | $346,177 |
| United Way Allocation | $86,983 |
| Investment Income | $7,096 |
| Loss on Disposal of Property and Equipment | $-66,018 |
| Total Income | $34,763,290 |
Programs: 94% Fundraising: 2% Administrative: 4%
| Total Income | $34,763,290 |
| Total expenses: | $33,166,186 |
| Program expenses | $31,178,913 |
| Fundraising expenses | $818,585 |
| Administrative expenses | $1,168,688 |
| Other expenses | $0 |
| Income in Excess of Expenses | $1,597,104 |
| Beginning Net Assets | $23,479,930 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $25,077,034 |
| Total Liabilities | $283,022 |
| Total Assets | $25,360,056 |
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.
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Standards Not Met
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Review in Progress
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Report completed by:
BBB of Dayton and Miami Valley