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New York BBB Wise Giving Report for
Food Bank of the Southern Tier

A BBB Accredited charity

 



Expiration Date:
04/2014
Name:
Food Bank of the Southern Tier
Formerly known as:
Catholic Charities Food Bank of the Southern Tier formerly known as: Catholic Charities of the Diocese of Rochester
Address:
388 Upper Oakwood Avenue
Elmira, NY 14903
Phone:
607-796-6061
Year, State Incorporated:
1984, New York
Affiliates:
None
Stated Purpose:
" No one should go hungry. The Food Bank of the Southern Tier commits itself to being the leading hunger-relief organization in the Southern Tier of New York. We will distribute quality food through a network of hunger-relief agencies, develop innovative programs, and expand local community, statewide, and national partnerships. "





Evaluation Conclusions
 

              
Food Bank of the Southern Tier meets the 20 Standards for Charity Accountability.




Programs
 

              
The Food Bank of the Southern Tier (FBST) provides food for those in need in Broome, Chemung, Schuyler and Steuben counties. FBST also operates the Youth and Education Services which is comprised of the Kids Cafe, a program that provides hungry children with free, nutritious meals and snacks in a safe environment, the Summer Food Service Program, which provides food for children in the summer who receive meals during the school year through the National School Breakfast and Lunch program, and the BackPack program which sends food home with children for the weekends. The Food Bank also has a hunger education program which educates youth about the root causes of hunger.



Governance
 

              
Chief Executive Officer:
Natasha R. Thompson, President & CEO
Compensation*:
$117,000
Chair of the Board:
Mary Pat Dolan
Chair's Profession / Business Affiliation:
Commissioner (Retired)
Board Size:
19
Paid Staff Size:
29



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




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, print advertisements (newspapers, magazines, etc.), grant proposals, internet, planned giving arrangements, cause-related marketing (i.e. affinity credit cards, consumer product sales, etc. that indicate purchases will benefit your organization), E-news and Quarterly Newsletter.
Fund raising costs were 12.9% of related contributions. (Related contributions, which totaled $3,151,306, are donations received as a result of fund raising activities.)




Tax Status
 

              
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.




Financial
 

              
The following information is based on The Food Bank of Southern Tiers' Audited Financial Statements for the fiscal year ended December 31, 2010.

Source of Funds  

Food-in-kind assistance

$5,257,818

Capital Campaign Contributions

1,652,065

Program fees

1,542,288

Grants and Contracts

1,105,547

Special Events

785,471

Contributions

713,770

Other income

27,858

Investment Income, net

5,321

Total Income

$11,090,138

Program Expenses  

Other

$6,380,185

The Emergency Food Assistance Program

1,292,210

Hunger Prevention and Nutrition Assistance

772,206
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

8,444,601
407,332
502,541

$9,354,474

$1,735,664




Uses of Funds as a % of Total Expenses


Programs: 90%  Fund Raising: 4%  Administrative 5% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $3,011,273
Ending net assets 4,746,937
Total liabilities 3,213,271

Total assets

$7,960,208






 

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This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.