Better Business Bureau Report for
Food Bank for Larimer County

Better Business Bureau Report issued October 2015
Better Business Bureau Report expires October 2016


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Food Bank for Larimer County
Address: 1301 Blue Spruce Drive
  Fort Collins , CO 80524
Phone: 970 493-4477
Web Address: www.foodbanklarimer.org
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Better Business Bureau Comments

Year, State Incorporated: 1984, Colorado
Affiliates: None
Stated Purpose: "exists to provide food to all in need through community partnerships and hunger relief programs."

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Evaluation Conclusions

              

Food Bank for Larimer County (FBLC) meets the 20 Standards for Charity Accountability.
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Programs

              

In FY 2014, it served 36,000 clients, had 85 partner agencies who received 1.38 million pounds of food and 46% of food donated was from local sources. The organization gave out 3.34 million pounds of produce. Its child programs gave out 66,830 meals, 59,585 snacks, and 18,470 backpacks. It also has another child program in partnership with schools called Kids Link, which provided participating schools with 128,520 snacks.

For the fiscal year ended June 30, 2014, FBLC's program expenses were:

  
Food Bank 18,362,643
Total Program Expenses: $18,362,643
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Governance

              

Chief Executive : Amy Pezzani, Executive Director
Compensation*: 
$107,882

Chair of the Board: Kevin Shaw
Chair's Profession / Business Affiliation: CPA, Shaw & Associates

Board Size: 14

Paid Staff Size: 31

*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, radio, grant proposals, internet, cause-related marketing
Fund raising costs were 2% of related contributions. (Related contributions, which totaled $18,917,840, 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 FBLC's audited financial statements for the fiscal year ended June 30, 2014.

Source of Funds  
In-Kind Donations 15,778,387
Contributions and Grants 2,867,780
Event Revenue (net) 271,673
Investment Income 140,581
Shared Maintenance Fees 132,661
Gain on Sale of Asset 16,579
Other Income 7,610
Total Income $19,215,271


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Uses of Funds as a % of Total Expenses

Programs: 96%  Fund Raising: 2%  Administrative: 2% 

Total income $19,215,271
Program expenses $18,362,643
Fund raising expenses 396,956
Administrative expenses 298,510
Total expenses $19,058,109
Income in Excess of Expenses 157,162
Beginning net assets 7,272,429
Ending net assets 7,429,591
Total liabilities 160,264
Total assets $7,589,855


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BBB Membership

              

This charity is a member of this Better Business Bureau. Only charities that meet BBB charity standards are eligible for BBB membership.

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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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