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CHARITY REVIEW
Issued: March 2024 Expires: March 2026

Treasure Coast Food Bank

Accredited Charity
Accredited Charity

Meets Standards
Accreditation seal
(772) 489-3034
401 Angle Road
Fort Pierce, FL, 34947
https://stophunger.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Treasure Coast Food Bank meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to alleviate hunger by obtaining and distributing food and other essentials in Indian River, St. Lucie, Martin and Okeechobee Counties."

Year, State Incorporated:
1989, FL

Treasure Coast Food Bank (TCFB) obtains and distributes food and other essentials. The organization reports providing the Treasure Coast community with more than 55 million meals each year through programs and partnerships with farmers, manufacturers, retail stores, and charitable organizations across its four-county service region of Indian River, Martin, Okeechobee and St. Lucie counties.

For the year ended June 30, 2023, Treasure Coast Food Bank's program expenses were:

General food and product distribution: $20,340,422

Whole Child Connection: $467,612

CSC of SLC Healthy Kids and Benefit Outreach: $116,300

Food production plant: $557,895

Benefits outreach and case management: $13,604,566

Total Program Expenses: $35,086,795

Chief Executive
Judith Cruz, President and Chief Executive Officer

Compensation*
$173,803

Chair of the Board
Mitch Hall

Chair's Profession / Business Affiliation
General Manager, Wal-Mart Distribution Center

Board Size
11

Paid Staff Size
84

*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Television, Grant proposals, Internet, Direct mail appeals, Radio, Special events, Telemarketing, Foundation grants, Print advertisements, Corporate solicitation

Fundraising costs were 1% of related contributions. (Related contributions, which totaled $36,711,827, 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 Treasure Coast Food Bank's audited financial statements for the year ended June 30, 2023.

Source of Funds
Grants and contracts $4,438,818
Contributions $1,363,129
In-kind contributions $28,236,956
Special events and direct mail, net $1,586,284
Handling fees $522,349
Investment and interest income $77,580
Other $307,694
Production income $489,805
Purchased food $1,086,640
Total Income $38,109,255

Programs: 97% Fundraising: 1% Administrative: 2%

Total Income $38,109,255
Total expenses: $36,184,703
  Program expenses $35,086,795
  Fundraising expenses $332,376
  Administrative expenses $765,532
  Other expenses $0
Income in Excess of Expenses $1,924,552
Beginning Net Assets $12,240,219
Other Changes In Net Assets $0
Ending Net Assets $14,164,771
Total Liabilities $2,700,933
Total Assets $16,865,704

Note: According to TCFB’s audited financial statements for the year ended June 30, 2023, the organization received in-kind contributions of $28,236,956 in donated food and commodities.

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

Report completed by:
BBB Wise Giving Alliance