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New York BBB Wise Giving Report for
Food Bank of Central New York

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
09/2015
Name:
Food Bank of Central New York
Address:
7066 Interstate Island Road
Syracuse, NY 13209
Phone:
315-437-1899
Year, State Incorporated:
1987, New York
Affiliates:
None
Stated Purpose:
" Works to eliminate hunger through nutritious food distribution, education and advocacy in cooperation with the community. "






Evaluation Conclusions
 

              
Food Bank of Central New York meets the 20 Standards for Charity Accountability.




Programs
 

              
"The core of our work is achieved by partnering with local member programs that distribute food to families in need. The key partners that make up the emergency food network are food pantries, soup kitchens, and emergency shelters."



Governance
 

              
Chief Executive Officer:
Ms. Kathleen Stress, Executive Director
Compensation*:
$92,400
Chair of the Board:
Mr. William Murphy
Chair's Profession / Business Affiliation:
President / Murphy & Nolan Inc.
Board Size:
9
Paid Staff Size:
50



*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.
Fund raising costs were 5% of related contributions. (Related contributions, which totaled $9,904,406, 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 Central New York's Audited Financial Statements for the fiscal year ended June 30, 2012.

Source of Funds  

Food Contributions

$7,018,427

Federal Contract

4,901,907

Program Revenue

2,771,732

State of New York Contracts

2,552,935

Contributions

2,294,968

Grants

272,712

Special Events, net

181,961

United Way

136,338

Other

28,142

Interest Income

2,575

Total Income

$20,161,697

Program Expenses  

General Distribution

$7,318,834

HPNAP

5,754,103

USDA - TEFAP

5,292,721

Food Sense

627,743

Other Minor Programs

299,243

Food Stamp Outreach

243,180

Education Outreach

198,556

Fresh Foods

47,287
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

19,781,667
492,779
374,149

$20,648,595

$(486,898)




Uses of Funds as a % of Total Expenses


Programs: 96%  Fund Raising: 2%  Administrative 2% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $5,846,781
Ending net assets 5,359,883
Total liabilities 3,199,030

Total assets

$8,558,913






 

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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.