Better Business Bureau Report for
Kentucky Harvest

Better Business Bureau Report issued July 2017
Better Business Bureau Report expires July 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: Kentucky Harvest
Address: 7705 National Turnpike
  Louisville, KY 40214
Phone: 502-894-9999
Web Address: www.kentuckyharvest.com
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Better Business Bureau Comments

Year, State Incorporated: 1987, Kentucky
Affiliates: None
Stated Purpose: Kentucky Harvest's mission is simple. Formed in 1987 with a vision to strengthen a community network of partners to end hunger in the Louisville and Southern Indiana areas, it is the only nonprofit agency of its kind in Kentucky. Kentucky Harvest is proud to say it rescues more than 2 million pounds of donated food annually. It then delivers that food on a daily basis to the less fortunate in the community free of charge.

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Evaluation Conclusions

              

Kentucky Harvest meets the 20 Standards for Charity Accountability.
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Programs

              

Over the course of a year Kentucky Harvest moves more than 2 million pounds of food to more than 100 recipient organizations in Louisville and Southern Indiana. The nonprofit picks up donated food from 220 donors on a weekly basis. They do this with only one full-time and one part-time employee. The remainder of the program is run be volunteers and community service individuals.

For the fiscal year ended June 30, 2015, Kentucky Harvest's program expenses were:

  
Program services 106,075
Total Program Expenses: $106,075
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Governance

              

Chief Executive : Marc Curtis, Director of Operations
Compensation*: 
$65,000

Chair of the Board: Brent Smith
Chair's Profession / Business Affiliation: Broker at Morgan Stanley

Board Size: 11

Paid Staff Size: 2

*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, grant proposals, internet
Fund raising costs were 11% of related contributions. (Related contributions, which totaled $45,828, 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 Kentucky Harvest's IRS Form 990 for the fiscal year ended June 30, 2015.

Ending net assets as reported below include $45,370 in unrestricted net assets.

Total assets as reported include $6,591 invested in property and equipment, net.

Financial information in this report is based on Kentucky Harvest’s IRS Form 990 which shows cash contributions, gifts, and grants in the amount of $45,828 but does not show the value of donated food. Kentucky Harvest reports that the agency receives over 2 million pounds of donated food annually, which at an estimated cost of $1.67 per pound (based on a June 2016 Feeding America Product Valuation Study, KPMG, audited) would be valued at more than $3.3 million.




Source of Funds  
Contributions, gifts, grants, and similar amounts received 45,828
Investment income 34
Total Income $45,862


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Uses of Funds as a % of Total Expenses

Programs: 85%  Fund Raising: 4%  Administrative: 11% 

Total income $45,862
Program expenses $106,075
Fund raising expenses 4,888
Administrative expenses 13,200
Total expenses $124,163
Expenses in Excess of Income (78,301)
Beginning net assets 123,671
Ending net assets 45,370
Total liabilities 498
Total assets $45,868


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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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