Better Business Bureau Report for
Loaves & Fishes Community Pantry

Better Business Bureau Report issued May 2013
Better Business Bureau Report expires May 2015


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Loaves & Fishes Community Pantry
Address: 1871 High Grove Lane
  Naperville, IL 60540
Phone: 630-355-3663
Web Address: http://www.loaves-fishes.org/
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Better Business Bureau Comments

Year, State Incorporated: 1991, Illinois
Affiliates: None
Stated Purpose: Loaves & Fishes provides food and leadership in the community by uniting and mobilizing resources to empower people to be self-sufficient.

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Evaluation Conclusions

               

Loaves & Fishes Community Pantry meets the 20 Standards for Charity Accountability.
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Programs

               

Loaves & Fishes Community Pantry was founded in 1984 and officially incorporated on August 6, 1991 as a 501(c)(3), not-for-profit corporation, for the purpose and mission of providing food and other essentials to Naperville residents in need.

For the fiscal year ended June 30, 2012, Loaves & Fishes Community Pantry's program expenses were:

  
Food and basic necessities 8,618,114
Salaries, payroll taxes, and employee benefits 420,967
Depreciation 98,529
Organizational development 75,965
Interest 67,840
Rent, utilities, and maintenance 49,461
Other 40,429
Office 36,393
Professional fees 27,755
Total Program Expenses: $9,435,453
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Governance

               

Chief Executive : Charles P. McLimans, CEO
Compensation*: 
 $107,462

Chair of the Board: Barry Horek
Chair's Profession / Business Affiliation: CPA, Ernst & Young Retired Partner

Board Size: 16

Paid Staff Size: 15

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

               

Method(s) Used:

direct mail, invitations to fund raising events, print advertisements, grant proposals, internet, planned giving arrangements, cause-related marketing
Fund raising costs were 2% of related contributions. (Related contributions, which totaled $10,023,271, are donations received as a result of fund raising activities.)
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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.
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Financial

               

The following information is based on Loaves & Fishes Community Pantry's audited financial statements - consolidated for the fiscal year ended June 30, 2012.

Source of Funds  
In-kind contributions 8,473,854
Organization and corporations 687,503
Individual 446,879
Government grants 226,935
Church 181,477
Fundraising events 6,623
Other 593
Total Income $10,023,864


chart



Uses of Funds as a % of Total Expenses

Programs: 97%  Fund Raising: 2%  Administrative: 1% 

Total income $10,023,864
Program expenses $9,435,453
Fund raising expenses 214,155
Administrative expenses 89,918
Total expenses $9,739,526
Income in Excess of Expenses 284,338
Beginning net assets 2,095,863
Other Changes in Net Assets 1,819
Ending net assets 2,382,020
Total liabilities 1,357,268
Total assets $3,739,288


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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 BBB 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 Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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