Global FoodBanking Network meets the 20 Standards for Charity Accountability.
Global FoodBanking Network (GFN) supports and invests in programs across 42 countries providing resources and technical assistance to food banks, allowing them to expand their service areas, improve efficiencies, and increase distribution of food for hunger relief in their communities. The organization's annual Food Bank Leadership Institute is a global convening platform bringing multi-sector stakeholders together to share best practices, innovations and identify trends in food security and food loss mitigation through the food bank model. GFN's support of food banking organizations includes in-country technical assistance, peer-to-peer knowledge exchange, the marshaling of multi-national private sector partners for local efforts, and strategic grants for projects. In addition to direct in-country efforts, GFN's online e-learning platform and webinars provide food bank leaders with remote access to virtual education and training throughout the year. The organization's knowledge sharing activities and technical assistance allows food bank leaders to adopt, innovate, and deploy strategies to increase the volume of food secured for hunger relief, scale their activities to serve more vulnerable people, and develop effective and efficient means to support their communities. GFN offers a certification program to ensure that member food banks meet a strict set of standards in food safety, administrative, financial, and operational standards. GFN certification provides a seal of approval for food banks across numerous countries and regions of the globe, and affirms a universal norm for standards with GFN's global partners. The organization's partnerships aim to reduce waste by redirecting surplus food to food banks that otherwise may have ended up in landfills. GFN conducts research on hunger, food programs, and the social and environmental impact of food banking as a "green solution" to hunger and builder of civil society in the communities where food banks operate.
For the year ended June 30, 2020, Global FoodBanking Network's program expenses were:
Program services |
$15,622,309 |
Total Program Expenses: |
$15,622,309 |
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Chief Executive
Lisa Moon, President and Chief Executive Officer
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Compensation*
$272,714
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Chair of the Board
Jason Ramey
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Chair's Profession / Business Affiliation
Global Leader - Service Lines & Industries, Grant Thornton International Limited USA
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Board Size
15
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Paid Staff Size
25
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet
Fundraising costs were 4% of related contributions. (Related contributions, which totaled $22,251,654, are donations received as a result of fundraising activities.)
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.
The following information is based on Global FoodBanking Network's audited financial statements for the year ended June 30, 2020.
Source of Funds |
Corporate contributions for grants to food banks |
$11,975,565 |
Corporate contributions |
$8,314,578 |
Individual contributions |
$1,694,602 |
Donated goods and services |
$266,909 |
Other income |
$40,414 |
Total Income |
$22,292,068 |
- Programs: 91%
- Fundraising: 6%
- Administrative: 3%
Total Income |
$22,292,068 |
Program expenses |
$15,622,309 |
Fundraising expenses |
$995,489 |
Administrative expenses |
$645,305 |
Other expenses |
$0 |
Total expenses: |
$17,263,103 |
Income in Excess of Expenses |
$5,028,965 |
Beginning Net Assets |
$5,235,618 |
Other Changes In Net Assets |
$-27,603 |
Ending Net Assets |
$10,236,980 |
Total Liabilities |
$997,497 |
Total Assets |
$11,234,477 |
Note 1: According to GFN's audited financial statements for the year ended June 30, 2020, the organization received in-kind contributions totaling $266,909 in the form of legal services ($146,909) and other professional services ($120,000).
Note 2: In the financial section above, "other changes in net assets" refers to a loss on currency exchange.