Better Business Bureau Report for
St. Louis Area Foodbank, Inc.

Better Business Bureau Report issued June 2011
Better Business Bureau Report expires June 2012


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:

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Charity Contact Information

Name: St. Louis Area Foodbank, Inc.
Address: 70 Corporate Woods Drive
  Bridgeton , MO 63044
Phone: 314-292-6262
Web Address: www.stlfoodbank.org
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Better Business Bureau Comments

Year, State Incorporated: 1980, Missouri
Affiliates: None
Stated Purpose: "exists to feed hungry people by acquiring and distributing food to our member agencies, and to educate the public about the nature of and solutions to the problem of hunger."

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Evaluation Conclusions

               

St. Louis Area Foodbank, Inc. (STLAF) meets the 20 Standards for Charity Accountability.
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Programs

               

Transitional Housing Monthly Food Allocation Program, The Repackaging Center Project, Food Industry & Food Drive Donations, Mobile Markets, and Food Fairs.

For the fiscal year ended September 30, 2010, STLAF's program expenses were:

  
Food Distribution Programs 39,538,065
Total Program Expenses: $39,538,065
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Governance

               

Chief Executive : Frank Finnegan , Executive Director
Compensation*:
 $158,182

Chair of the Board: Mary Cronin-Doyle
Chair's Profession / Business Affiliation: Community Volunteer

Board Size: 17

Paid Staff Size: 41

*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, print advertisements, grant proposals, internet
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $39,518,531, 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 STLAF's audited financial statements for the fiscal year ended September 30, 2010.

Source of Funds  
Consumable product donations/receipts 36,220,356
Government contracts 3,839,420
Contributions and grants 3,042,351
Program fees 554,832
United Way 255,824
Other income 19,577
Investment income 17,353
Total Income $43,949,713


chart



Uses of Funds as a % of Total Expenses

Programs: 98%  Fund Raising: 1%  Administrative: 1% 

Total income   $43,949,713
  Program expenses $39,538,065
  Fund raising expenses 569,492
  Administrative expenses 468,386
 
Total expenses   $40,575,943
Income in Excess of Expenses   3,373,770
Beginning net assets   8,613,134
Ending net assets   11,986,904
Total liabilities   3,641,232
Total assets   $15,628,136


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