Mississippi Food Network
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
Mississippi Food Network does not meet the following 3 Standards for Charity Accountability:
Standard 14 (Budget)
Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.
MFN does not meet this Standard because, when the organization provided 2024 budget information, it indicated that the budget:
- Did not identify total projected program service expenses.
- Did not identify total projected fundraising expenses.
- Did not identify total projected administrative expenses.
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.
MFN does not meet this Standard because:
- The organization states it does not have an annual report covering activities conducted in 2022.
Standard 17 (Web Site Disclosures)
Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.
MFN does not meet this Standard because the organization’s website, https://msfoodnet.org/, does not include all of the recommended information for those charity websites that solicit for donations. Specifically, it does not include:
- A summary of 2022 program service accomplishments.
The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: 3, 6, 7, 15
Mississippi Food Network meets the remaining 13 Standards for Charity Accountability.
Stated Purpose:
"to change lives by fighting hunger today and feeding hope for a healthier tomorrow."
Year, State Incorporated:
1983, MS
Mississippi Food Network (MFN) distributes food to member agencies for distributions in Jackson, MS. The organization’s Feed Our Neighbors program provides food to people facing food insecurity through approximately 430 member agencies that distribute food in their communities. MFN reports receiving food from Feeding America corporate supporters, local food drives, purchased food, and distribution from government programs.
For the year ended June 30, 2022, Mississippi Food Network's program expenses were:
| Food distribution | $65,793,427 |
| Total Program Expenses | $65,793,427 |
Chief Executive
Charles Beady, Chief Executive Officer
Compensation*
$145,493
Chair of the Board
Trisha Richardson
Chair's Profession / Business Affiliation
Style and Closet Consultant
Board Size
28
Paid Staff Size
48
*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Special events, Print advertisements
Fundraising costs were 2% of related contributions. (Related contributions, which totaled $58,672,275, 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 Mississippi Food Network's audited financial statements for the year ended June 30, 2022.
Source of Funds
| Investment return, net | $-254,797 |
| Shared maintenance fees | $33,480 |
| Food purchase revenue | $117,476 |
| Contributions of money | $2,944,992 |
| Grants and government revenue | $4,873,526 |
| Contribution of food | $55,727,283 |
| Total Income | $63,441,960 |
Programs: 98% Fundraising: 1% Administrative: 1%
| Total Income | $63,441,960 |
| Total expenses: | $67,438,624 |
| Program expenses | $65,793,427 |
| Fundraising expenses | $987,246 |
| Administrative expenses | $657,951 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-3,996,664 |
| Beginning Net Assets | $22,871,653 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $18,874,989 |
| Total Liabilities | $659,729 |
| Total Assets | $19,534,718 |
Note: According to the organization's audited financial statements for the year ended June 30, 2022, MFN received in-kind contributions of $55,717,283 in food contributions.
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
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance