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BBB Reliability Report for

First Step Food Bank


This BBB Accredited Charity meets all 20 Standards for Charity Accountability.
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BBB issues Charity Reports on all organizations, whether or not they are BBB accredited. If an organization is a BBB Accredited Charity, it is stated in this report.

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Name: First Step Food Bank
Phone: (352) 732-5500
Address: 4045 NE 36th Ave
Ocala, FL 34479-2245
Website: http://firststepfoodbank.org
Report Creation Date: November 16, 2015
Report Expiration Date: November 30, 2017
Original Business Start Date: June 1992
Principal: Mr. Peter Del Toro, Executive Director
Customer Contact: Mr. Peter Del Toro, Executive Director - (352) 732-5500 or
Email Address:
Entity: Corporation
Incorporated: June 1992, FL
Type of Business: Charity - Local

Stated Purpose

To feed the needy by working in partnership with local non-profit agencies to eradicate hunger in Marion County, Florida.


Evaluation Conclusions

This organization has been evaluated according to the 20 BBB Standards for Charity Accountability. This organization meets all those Standards and is a BBB Accredited Charity.


Programs

First Step Food Bank, Inc., distributes food products through approved agencies to feed the needy, ill, and children of Marion County, Florida. The organization receives food products via a relationship with Second Harvest Food Bank of Central Florida, as well as monetary and food donations from local grocers, organizations, and individuals. The organization distributes to emergency food pantries, special needs residential facilities, and soup kitchens. According to the organization, in 2014, First Step Food Bank distributed over 2.7 million pounds of food in Marion County.

Total Program Expenses:$177,027

Governance

Chief Executive Officer:Mr. Peter Del Toro
CEO Compensation:$41,600
Chair of the Board:Ms. Marilyn McNeely-Williams
Chair's Profession / Business Affiliation:Retired
Board Size:6
Paid Staff Size:4 Full Time. 1 Part Time.

Fund Raising

Method(s) Used:Fundraising methods include direct mail appeals, grants, internet, and cause-related marketing campaigns.

Fundraising costs were 11.38% of related contributions. (Related contributions, which totaled $92,879, are donations received as a result of fundraising activities.)


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

According to First Step Food Bank's CPA-reviewed financial statements for the year ended June 30, 2014:


Income
 Membership Dues$1,310
  Contributions$4,752
  Contract Revenues$868,174
  Transportation Reimbursement$6,294
  Operations-Sales$104,157
  Investment Revenues$23
 Total Income:$984,710
 
Expenses     % of total
Expenses
% of total
Income
  Programs: $177,027   89.36% 17.98%
  Fund Raising: $10,565   5.33% 1.07%
  Administrative: $10,511   5.31% 1.07%
  Other: $0   0.00% 0.00%
  Total Expenses: $198,103
 
Excess of Income over Expenses$786,607
Beginning Net Assets$485,040
Ending Net Assets:$490,290
Total Assets$491,824
Total Liabilities$1,534

* Excess for the year indicates the portion of income remaining after expenses.


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Industry Tips

CBBB Standards for Charitable Solicitations


ID: 90318560
Report as of September 26, 2017 03:46
Copyright© 2017 Better Business Bureau


An organization may change its practices at any time without notice. Donors must decide for themselves the significance of any variation from BBB Standards, taking into account the relative importance of the practice in question in the context of the organization's total performance.

This report reflects the results of an evaluation of informational materials provided voluntarily by the organization. The report is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgement.

This report is not to be used for fund raising or promotional purposes.


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