Better Business Bureau Report for
Feed More Inc.

Better Business Bureau Report issued October 2010
Better Business Bureau Report expires October 2012


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: Feed More Inc.
Address: 1415 Rhoadmiller St.
  Richmond, VA 23220
Phone: 804-521-2500
Web Address: www.cvfb.org
Also known as:Central Virginia Foodbank, Inc.
CVFB
Meals on Wheels
Community Kitchen
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Better Business Bureau Comments

Year, State Incorporated: 1986, Virginia
Affiliates: None
Stated Purpose: FeedMore is the umbrella organization that brings together the Central Virginia Food Bank, the Community Kitchen, and Meals on Wheels Serving Central Virginia. Our mission is: Working together to efficiently and effectively fight hunger to enhance lives in our community. We serve 31 counties in Central Virginia and 5 cities. It is Feed More's mission to improve the quality of life of those in need by identifying the hungry, raising hunger awareness, and acquiring and distributing healthy food and nutritious meals. We believe that every person has the right to live every day with adequate nutrition. Our Vision is that Feed More will maximize all available resources to ensure that none in our community shall go hungry. We will be a national model of excellence, efficiency, diversity and sustainability. We will listen to our clients and respond to their needs with a sense of urgency and respect. We will use our financial and human resources wisely. Our guiding principles and values include: 1) Accessible to the community, affordable, open when needed, able to deliver food in emergency or hardship situations. 2) Coordinated hunger relief working with partner agencies to prevent duplication and gaps in service. 3) Collaborative community efforts working with other hunger relief organizations to achieve maximum hunger relief with most efficient and effective use of community resources.

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Evaluation Conclusions

              

Feed More Inc. meets the 20 Standards for Charity Accountability.
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Programs

              

FeedMore is Central Virginia's primary hunger relief organization. Our primary strategies are to feed hungry children, hungry families and hungry seniors. Our programs include: Distribution Center, which distributes more than 16 million pounds of food per year to move than 100,000 people monthly utilzing a partner network of more than 425 partner agencies; Kids Cafes which deliver healthy meals prepared in the Community Kitchen to 70 sites in the Richmond and Tri-Cities area, serving more than 3,500 children each weekday; BackPack Program which assembles and delivers sacks of healthy weekend food to the regions most chronically hungry children each week (currenlty serving approximately 1,600 children each week); Summer Feeding Program, which provides breakfast and lunch meals prepared in our Community Kitchen to children during the summer (during Summer 2010, we provided more than 4,000 meals per weekday); Mobile Pantry, which delivers more than 7,000 pounds of food per visit to areas of dense poverty where people lack access to healthy food, serving an average of 200 families per visit; Meals on Wheels, which delivers healthy food prepared in our Community Kitchen to homebound disabled or elderly, serving nearly 1,000 people per day. Meals on Wheels volunteers also perform important safety checks daily for clients, allowing people to age in place, and provides a host of ancillary services that include Meals for Pets, medical nutritional supplements, delivery of portable heating and cooling devices as needed, and our Holiday Angels program which provides gifts of personal essentials and cards for clients.

For the fiscal year ended June 30, 2010, Feed More Inc.'s program expenses were:

  
Feeding Programs 25,284,393
Total Program Expenses: $25,284,393
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Governance

              

Chief Executive : Fay G. Lohr, President and CEO
Compensation*:
$166,500

Chair of the Board: Barbara Dickinson
Chair's Profession / Business Affiliation: Union First Market Bank

Board Size: 17

Paid Staff Size: 111

*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 6% of related contributions. (Related contributions, which totaled $26,499,738, are donations received as a result of fund raising activities.)
Feed More Inc. incurred joint costs of $890,931 for informational materials and activities that included fund raising materials. Of those costs $77,750 was allocated to program expenses, $806,086 was allocated to fund raising expenses, and $7,095 was allocated to administrative expenses.
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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 Feed More Inc.'s audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds  
Donated Foods & Services 18,922,054
Direct Mail Contributions 2,213,055
Government Fees 1,545,489
Foundations Grants & Contributions 1,517,388
Individual Donations 1,325,569
Program Fees 984,272
Corporate & other Contributions 895,542
Civic Organizations Contributions 689,706
Special Events 604,211
Government Grants 217,931
Board Donations 114,282
Interest & Dividends 99,659
Unrealized Gain on Invstments 71,426
Membership Fees 31,385
Miscellaneous Income 6,669
Rental Income 4,500
Total Income $29,243,138


chart



Uses of Funds as a % of Total Expenses

Programs: 91%  Fund Raising: 6%  Administrative: 3%  Other Expenses: Less than 1%

Total income   $29,243,138
  Program expenses $25,284,393
  Fund raising expenses 1,688,316
  Administrative expenses 704,779
  Other Expenses 35,994
Total expenses   $27,713,482
Income in Excess of Expenses   1,529,656
Beginning net assets   18,847,103
Other Changes in Net Assets 39,932
Ending net assets   20,376,759
Total liabilities   1,336,430
Total assets   $21,713,189


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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.

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