Better Business Bureau Report for
Dare to Care, Inc.

Better Business Bureau Report issued October 2013
Better Business Bureau Report expires September 2015


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
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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, 2013, Dare to Care, Inc.'s program expenses were:

  
Food bank and emergency food 27,718,172
Kids cafe and backback 531,121
Community kitchen 66,626
Total Program Expenses: $28,315,919
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Governance

              

Chief Executive : Brian Riendeau, Executive Director
Compensation*: 
$100,000

Chair of the Board: Laura Melillo
Chair's Profession / Business Affiliation: Vice President, Community Affairs, Yum Brands

Board Size: 25

Paid Staff Size: 48

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

              

Method(s) Used:

Methods of fund raising include direct mail, telephone, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, planned giving arrangements, and cause-related marketing.
Fund raising costs were 3% of related contributions. (Related contributions, which totaled $31,791,026, 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, 2013.

Ending net assets as reported below include $12,257,787 in unrestricted net assets and $2,747,098 in temporarily restricted net assets.

Unrestricted net assets include $12,032,787 in undesignated assets and $225,000 in board designated assets.

Total assets as reported include $2,540,102 invested in property and equipment, net.


Source of Funds  
Donations of food and commodities 25,226,332
Contributions and grants 5,961,646
Special events 489,880
Net unrealized gains on investments 228,459
Income from investments 201,704
Net realized gains on investments 114,766
In-kind donations from fund raising 113,168
Other revenues 31,874
Total Income $32,367,829


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Uses of Funds as a % of Total Expenses

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

Total income $32,367,829
Program expenses $28,315,919
Fund raising expenses 1,046,869
Administrative expenses 622,680
Total expenses $29,985,468
Income in Excess of Expenses 2,382,361
Beginning net assets 12,622,524
Ending net assets 15,004,885
Total liabilities 615,907
Total assets $15,620,792


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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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