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

A BBB Accredited charity

 



Expiration Date:
07/2016
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:
" Our mission is to work together to build and sustain hunger-free communities throughout New York’s Southern Tier. The Food Bank of the Southern Tier is committed to creating a future without hunger where access to healthy food by all is recognized as fundamental to the well-being and success of individuals and the foundation of a strong, vibrant society. "





Evaluation Conclusions
 

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




Programs
 

              
Through its food warehouse operation, The Food Bank of the Southern Tier distributes food and other grocery products to children, adults and seniors in need through a network of more than 165 member agencies. The organization administers several direct-service food distribution programs including the BackPack Program, Summer Food Program, and Mobile Food Pantry as well as various youth and adult hunger education programs. By providing at-risk children in area school districts with a bag of nutritious food each Friday throughout the school year, the BackPack Program attempts to reduce the weekend hunger gap thereby helping children return to school on Monday ready to learn. The Summer Food Program provides prepared food to at-risk children during the summer months when schools are not in session. The Mobile Food Pantry program delivers and distributes food directly to those in need at predetermined, often rural sites throughout the organization’s service area. More program and organizational information is available at www.foodbankst.org.



Governance
 

              
Chief Executive Officer:
Natasha Thompson, President & CEO
Compensation*:
$97,767
Chair of the Board:
Mr. Stephen Fowler
Chair's Profession / Business Affiliation:
CFO / Corning Incorporated
Board Size:
17
Paid Staff Size:
35



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




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, telephone appeals, invitations to fund raising events, print advertisements (newspapers, magazines, etc.), television, radio, grant proposals, cause-related marketing (i.e. affinity credit cards, consumer product sales, etc. that indicate purchases will benefit your organization)
Fund raising costs were 23.6% of related contributions. (Related contributions, which totaled $1,800,616, 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 Food Bank of the Southern Tier's Audited Financial Statements for the fiscal year ended December 31, 2013.

Source of Funds  

Food-in-kind assistance

$8,445,519

Grants and contracts

1,800,356

Contributions

1,727,005

Program fees

1,089,338

Other income

57,574

Total Income

$13,119,792

Program Expenses  

Program

$12,965,628
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

12,965,628
424,167
403,863

$13,793,658

$(673,866)




Uses of Funds as a % of Total Expenses


Programs: 94%  Fund Raising: 3%  Administrative 3% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $6,959,950
Ending net assets 7,144,140
Total liabilities 1,375,098

Total assets

$8,519,238






 

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. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

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