Better Business Bureau Report for
Dare to Care, Inc.

Better Business Bureau Report issued September 2015
Better Business Bureau Report expires September 2017


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


Find out more about this charity:

Back To Top

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
Back To Top

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"

Back To Top

Evaluation Conclusions

              

Dare to Care, Inc. meets the 20 Standards for Charity Accountability.
Back To Top

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, 2014, Dare to Care, Inc.'s program expenses were:

  
Food Bank and Emergency Food 31,896,357
Community Kitchen 713,059
Kids Cafe and Backpack Program 426,762
Total Program Expenses: $33,036,178
Back To Top

Governance

              

Chief Executive : Brian Riendeau, Executive Director
Compensation*: 
$107,821

Chair of the Board: James T. Miller
Chair's Profession / Business Affiliation: Attorney, UPS Airlines

Board Size: 21

Paid Staff Size: 56

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

Fund Raising

              

Method(s) Used:

Direct mail, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, planned giving arrangements, cause-related marketing
Fund raising costs were 3% of related contributions. (Related contributions, which totaled $33,765,850, are donations received as a result of fund raising activities.)

Back To Top

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.
Back To Top

Financial

              

The following information is based on Dare to Care, Inc.'s audited financial statements for the fiscal year ended June 30, 2014.

Ending net assets as reported below include $12,796,910 in unrestricted net assets and $1,982,812 in temporarily restricted net assets.

Unrestricted net assets include $12,560,910 in undesignated assets and $236,000 in board designated assets.

Total assets as reported include $2,342,876 invested in property and equipment, net.


Source of Funds  
Donations of food and commodities 28,488,997
Contributions and Grants 4,643,559
Net unrealized gains on investments 598,404
Special events 432,687
Income from investments 165,764
In-kind donations for fundraising 122,108
Other revenues 78,499
Net realized gains on sales of investments 69,046
Total Income $34,599,064


chart



Uses of Funds as a % of Total Expenses

Programs: 95%  Fund Raising: 3%  Administrative: 2% 

Total income $34,599,064
Program expenses $33,036,178
Fund raising expenses 1,083,460
Administrative expenses 704,589
Total expenses $34,824,227
Expenses in Excess of Income (225,163)
Beginning net assets 15,004,885
Ending net assets 14,779,722
Total liabilities 275,549
Total assets $15,055,271


Back To Top

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.

Send to:



What is an Accredited Charity