Better Business Bureau Report for
Dare to Care, Inc.

Better Business Bureau Report issued November 2017
Better Business Bureau Report expires November 2019


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, Cooking Matters, Prescriptive Pantry and Patrol Against Hunger.

For the fiscal year ended June 30, 2017, Dare to Care, Inc.'s program expenses were:

  
Food Bank and Emergency Food 39,538,754
Community Kitchen 1,052,646
Kids Cafe and Backpack programs 582,224
Total Program Expenses: $41,173,624
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Governance

              

Chief Executive : Brian Riendeau, Executive Director
Compensation*: 
$160,295

Chair of the Board: Keith Myers
Chair's Profession / Business Affiliation: Merrill Lynch

Board Size: 20

Paid Staff Size: 59

*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, telephone, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, planned giving arrangements, cause-related marketing
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $43,013,104, 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, 2017.

Ending net assets as reported below include $14,449,879 in unrestricted net assets and $1,042,824 in temporarily restricted net assets.

Unrestricted net assets include $14,160,290 in undesignated assets, $235,000 in board designated assets and $54,589 in board designated endowment.

Total assets as reported include $2,078,045 invested in property and equipment, net.


Source of Funds  
Donations of food and commodities 34,698,943
Contributions and Grants 7,581,712
Special Events 452,344
Net unrealized gain on investments 306,539
Other revenues 168,641
Income from investments 144,728
In-kind donations for fundraising 111,464
Net realized gain on investments 74,347
Total Income $43,538,718


chart



Uses of Funds as a % of Total Expenses

Programs: 94%  Fund Raising: 4%  Administrative: 2%  Other Expenses: Less than 1%

Total income $43,538,718
Program expenses $41,173,624
Fund raising expenses 1,682,814
Administrative expenses 720,889
Other Expenses 148,360
Total expenses $43,725,687
Expenses in Excess of Income (186,969)
Beginning net assets 15,679,672
Ending net assets 15,492,703
Total liabilities 183,325
Total assets $15,676,028


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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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