Better Business Bureau Report for
Dare to Care, Inc.

Better Business Bureau Report issued November 2011
Better Business Bureau Report expires November 2013


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: Dare to Care, Inc.
Address: 5803 Fern Valley Road
  Louisville, KY 40228
Phone: 502-966-3821
Web Address: www.daretocare.org
Also known as:Dare to Care Food Bank
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Better Business Bureau Comments

Year, State Incorporated: 1971, Kentucky
Affiliates: None
Stated Purpose: The mission of Dare to Care Food Bank is to: "Lead our community to feed the hungry and conquer the cycle of need"

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Evaluation Conclusions

               

Dare to Care, Inc. meets the 20 Standards for Charity Accountability.
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Programs

               

Dare to Care Food Bank distributes food to those in need in the 13-county Kentuckiana area. Food is distributed through a network of 300 food pantries, shelters and emergency kitchens, as well as targeted programs including Mobile Pantry, Kid's Cafes, Backpack Buddy, and Patrol Against Hunger.

For the fiscal year ended June 30, 2011, Dare to Care, Inc.'s program expenses were:

  
Program services 20,547,204
Total Program Expenses: $20,547,204
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Governance

               

Chief Executive : Brian Riendeau, Executive Director
Compensation*:
 $97,500

Chair of the Board: Ken Cusick
Chair's Profession / Business Affiliation: Advertising Manager, Kroger Company

Board Size: 24

Paid Staff Size: 35

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

               

Method(s) Used:

Fund raising methods include direct mail and internet appeals, invitations to fund raising events, print advertisements, television, radio, and grant proposals.
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $22,333,741, 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 Dare to Care, Inc.'s audited financial statements for the fiscal year ended June 30, 2011.

Ending net assets as reported below include $10,534,606 in unrestricted net assets and $1,013,079 in temporarily restricted net assets.

Unrestricted net assets include $10,359,941 in undesignated assets and $174,665 in board designated assets.

Total assets as reported include $1,782,759 invested in property and equipment, net.


Source of Funds  
Donations of food and commodities 17,931,874
Contributions and Grants 3,889,236
Special events 379,546
Net unrealized gains on investments 340,724
Net realized gains on sales of investments 212,835
Income from investments 206,395
In-kind donations for fundraising 133,085
Other revenues 3,098
Shared maintenance, net -1,785
Total Income $23,095,008


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Uses of Funds as a % of Total Expenses

Programs: 94%  Fund Raising: 4%  Administrative: 2% 

Total income   $23,095,008
  Program expenses $20,547,204
  Fund raising expenses 970,052
  Administrative expenses 483,405
 
Total expenses   $22,000,661
Income in Excess of Expenses   1,094,347
Beginning net assets   10,453,338
Ending net assets   11,547,685
Total liabilities   389,488
Total assets   $11,937,173


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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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