Charity Review

Issued: May 2016 Expires: May 2017

Charity Seal Holder

Southeast Missouri Food Bank

Meets Standards
 
(573) 471-1818 PO Box 190, Sikeston MO 63801-0190 www.semofoodbank.org/
  1. Conclusions
  2. Purpose
  3. Programs
  4. Governance & Staff
  5. Fund Raising
  6. Tax Status
  7. Financial
Conclusions

Southeast Missouri Food Bank meets the 20 Standards for Charity Accountability.

Purpose

The Purpose of Southeast Missouri Food Bank (SMFB) is to offer and distribute food and food stuffs of all kinds and descriptions, including beverages, and to distribute groceries and grocery products to the indigent and needy and to do all actions necessary, suitable or proper for the accomplishment of this benevolent purpose and to exercise any and all powers granted to Missouri Not for Profit Corporations. The mission of SMFB is to promote food recovery; acquire and distribute food and household products; and provide community leadership and education on issues of hunger and poverty in an effort to alleviate hunger in the region. The overall goal is to provide hunger relief to hungry Southeast Missourians.

Programs

SMFB provides hunger relief to approximately 50,000 individuals every month through innovative programs and services. At the core of services is the hunger relief network, which includes 180 member charitable agencies, serving the food insecure. The USDA Commodity Supplement Food Program provides nutritious foods to senior citizens who live in low income households. The Emergency Food Assistance Program supplements the diets of low income residents by providing them with emergency food and nutrition assistance at no cost. The Retail Store Donation Program with area Walmart stores has a truck picking up produce, bakery, dairy, and meat products. Rapid distribution among member agencies and mobile pantries serves the hungry and avoids food waste. Truck to Table Mobile Food Pantry program employs refrigerated trucks to provide food and household products to families in small, rural communities that are remote and under-served. Each distribution serves up to 300 families. BackPacks For Friday program meets the needs of hungry children and their families at times when other resources are not available, such as weekends and holiday vacations. SMFB addresses childhood hunger in our community by partnering with area school districts, volunteer organizations, and sponsors to create awareness and generate funds. The program serves 64 schools and over 885 children identified as "at risk of food insecurity." A Better Childhood (ABC) School Pantry helps alleviate child hunger in Southeast Missouri through the provision of food to children and their families at school. The pantry is held on the grounds of a school campus and is intended to provide a more readily accessible source of food assistance to low-income K-12 students and their families. Supplemental Nutritional Assistance Program (SNAP) seeks to make the application for food stamps benefits easier by reaching those in need where they are located. SMFB Coordinators travel to partner agencies and mobile food pantries in 16 counties in an effort to reach those not yet served. Coordinators help over 400 families apply for SNAP every year.

Governance & Staff

Board Chair: Janey Foust Business Affiliation: Cobblestone Corner

CEO: Ms. Karen Green, CEO Compensation:* $103,250 Business Affiliation: Southeast Missouri Food Bank

Board Size: 7

* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.
Fund Raising
Method(s) used: Direct Mail Appeals Invitations to Fundraising Events Print Advertisements (Newspapers, Magazines, etc.) Radio Appeals Grant Proposals Internet Appeals Planned Giving Arrangements

% of Related Contributions on Fundraising: 1.67%

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.

Financial

The following information is based on Southeast Missouri Food Bank Audited Financial Statements for the fiscal year ending Wednesday, December 31, 2014.

Source of Funds
Feeding America Commodities $8,623,306
Interest Income $1,912
Registration Fees $4,250
Shared Maintenance fees $323,874
Donations $665,292
Other Private Grants $183,695
Grants Temporary $966,666
USDA Commodities $863,764
Commodities CSFP $704,462
USDA Grants $126,220
CSFP Grant $186,945
Miscellaneous $105,408
Total Income: $12,755,794
 
Fusion Chart
 
Program Expenses: $12,015,117
Fundraising Expenses: $205,329
Administrative Expenses: $320,489
Total Expenses: $12,540,935
 
Income in Excess of Expenses: $214,859
 
Beginning Net Assets: $5,990,160
Ending Net Assets: $6,115,019
Total Liabilities: $47,308
Total Assets: $61,623


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 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.

Standards Legend

  • Meets Standards IconMeets Standards
  • Standards Not Met IconStandards Not Met
  • Did Not Disclose IconDid Not Disclose
  • Review in Progress IconReview in Progress
  • Unable to Verify IconUnable to Verify
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Standard 1: Board Oversight


Description:

Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.

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Standard 2: Board Size


Description:

Soliciting organizations shall have a board of directors with a minimum of five voting members.

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Standard 3: Board Meetings


Description:

An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.

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Standard 4: Board Compensation


Description:

Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.

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Standard 5: Conflict of Interest


Description:

No transaction(s) in which any board or staff members have material conflicting interests with the charity resulting from any relationship or business affiliation. Factors that will be considered when concluding whether or not a related party transaction constitutes a conflict of interest and if such a conflict is material, include, but are not limited to: any arm's length procedures established by the charity; the size of the transaction relative to like expenses of the charity; whether the interested party participated in the board vote on the transaction; if competitive bids were sought and whether the transaction is one-time, recurring or ongoing.

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Standard 6: Effectiveness Policy


Description:

Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.

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Standard 7: Effectiveness Report


Description:

Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

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Standard 8: Program Expenses


Description:

Spend at least 65% of its total expenses on program activities.

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Standard 9: Fund Raising Expenses


Description:

Spending should be no more than 35% of related contributions on fund raising. Related contributions include donations, legacies, and other gifts received as a result of fund raising efforts.

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Standard 10: Accumulating Funds


Description:

Avoid accumulating funds that could be used for current program activities. To meet this standard, the charity's unrestricted net assets available for use should not be more than three times the size of the past year's expenses or three times the size of the current year's budget, whichever is higher.

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Standard 11: Audit Report


Description:

Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $500,000, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $500,000, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.

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Standard 12: Detailed Expense Breakdown


Description:

Include in the financial statements a breakdown of expenses (e.g., salaries, travel, postage, etc.) that shows what portion of these expenses was allocated to program, fund raising, and administrative activities. If the charity has more than one major program category, the schedule should provide a breakdown for each category.

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Standard 13: Accurate Expense Reporting


Description:

Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fund raising expenses or otherwise understate the amount a charity spends on fund raising, and/or overstate the amount it spends on programs will not meet this standard.

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Standard 14: Budget Plan


Description:

Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

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Standard 15: Truthful Materials


Description:

Have solicitations and informational materials, distributed by any means, that are accurate, truthful and not misleading, both in whole and in part. Appeals that omit a clear description of program(s) for which contributions are sought will not meet this standard. A charity should also be able to substantiate that the timing and nature of its expenditures are in accordance with what is stated, expressed, or implied in the charity's solicitations.

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Standard 16: Annual Report


Description:

Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

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Standard 17: Website Disclosures


Description:

Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

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Standard 18: Donor Privacy


Description:

Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

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Standard 19: Cause Marketing Disclosures


Description:

Clearly disclose how the charity benefits from the sale of products or services (i.e., cause-related marketing) that state or imply that a charity will benefit from a consumer sale or transaction. Such promotions should disclose, at the point of solicitation: (a) the actual or anticipated portion of the purchase price that will benefit the charity (e.g., 5 cents will be contributed to abc charity for every xyz company product sold), (b) the duration of the campaign (e.g., the month of October), (c) any maximum or guaranteed minimum contribution amount (e.g., up to a maximum of $200,000).

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Standard 20: Complaints


Description:

Respond promptly to and act on complaints brought to its attention by the BBB Wise Giving Alliance and/or local Better Business Bureaus about fund raising practices, privacy policy violations and/or other issues.