The Global FoodBanking Network
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 Global FoodBanking Network meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to nourish the world's hungry through uniting and advancing food banks."
Year, State Incorporated:
2006, IL
The Global FoodBanking Network (GFN) is a global, nonprofit organization that provides food to people facing hunger while reducing food loss and waste. The organization reports that it supports community-driven solutions to alleviate hunger in more than 50 countries. GFN aims to make it easier for food banks to expand service and provide more nutritious food. The organization works across the globe with a primary focus on advancing and supporting the food banking model in developing and emerging markets, where hunger and food loss rates are highest. In 2023, GFN reported that it connected and empowered 63 food banking organizations in 52 countries that together provided meals to more than 40 million people with the support of 300 million volunteers.
For the year ended June 30, 2024, The Global FoodBanking Network's program expenses were:
Program services: $13,701,763
Total Program Expenses: $13,701,763
Chief Executive
Lisa J. Moon, President and Chief Executive Officer
Compensation*
$449,712
Chair of the Board
Sachin Gupta
Chair's Profession / Business Affiliation
Head of Global Portfolio Management Desk, PIMCO
Board Size
15
Paid Staff Size
41
*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Radio
Fundraising costs were 14% of related contributions. (Related contributions, which totaled $14,288,816, 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 The Global FoodBanking Network's audited financial statements for the year ended June 30, 2024.
Source of Funds
| Contributions | $2,493,132 |
| Foundation contributions | $1,601,425 |
| Corporate contributions | $5,597,166 |
| Contributions for grants to food banks | $4,440,388 |
| Gain on currency exchange | $89,860 |
| Realized and unrealized gain on investments | $130,500 |
| Other revenue | $196,399 |
| In-kind contributions | $156,705 |
| Total Income | $14,705,575 |
Programs: 78% Fundraising: 12% Administrative: 10%
| Total Income | $14,705,575 |
| Total expenses: | $17,527,476 |
| Program expenses | $13,701,763 |
| Fundraising expenses | $2,033,369 |
| Administrative expenses | $1,792,344 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-2,821,901 |
| Beginning Net Assets | $15,848,098 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $12,869,492 |
| Total Liabilities | $1,423,559 |
| Total Assets | $14,293,051 |
Note: According to GFN's audited financial statements for the year ended June 30, 2024, the organization received in-kind contributions totaling $156,705 in the form of legal services ($151,852) and other professional services ($4,853).
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.
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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