CharityWatch reduces the grade of any charity that has available assets equal to three to five years of operating expenses. Charities with "years of available assets" of more than five years receive an "F" grade regardless of other measurements. In CharityWatch's view, a reserve of less than three years is reasonable and does not affect a charity's grade. These reductions in grades are based solely on the charities' asset reserves as compared to budget. The CharityWatch definition of "years of available assets" includes funds currently available for the charity's use, including investments that the charity has set aside as a reserve but could choose to spend if it wanted to do so. Feed the Children's letter grade rating has been downgraded because it has 3 or more years of available assets.
See Our Process to learn more about how CharityWatch considers a charity’s asset reserves and the High Asset List for a list of charities whose ratings have been reduced due to high assets.
| Entity | Document Type | Tax ID |
|---|---|---|
| Feed the Children | Consolidated Audited Financial Statements | Multiple |
| Feed the Children | IRS Form 990 | 73-6108657 |
|
Entity: Feed the Children Document Type: Consolidated Audited Financial Statements Tax ID: Multiple |
|
Entity: Feed the Children Document Type: IRS Form 990 Tax ID: 73-6108657 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Travis Arnold | President / CEO | $444,390 |
| 2 | Bregeita Jefferson | Chief International Operations Officer | $355,953 |
| 3 | Greg Garen | FTCT - President | $345,862 |
|
1 Name: Travis Arnold Title: President / CEO Compensation: $444,390 |
|
2 Name: Bregeita Jefferson Title: Chief International Operations Officer Compensation: $355,953 |
|
3 Name: Greg Garen Title: FTCT - President Compensation: $345,862 |
According to the Feed the Children (FTC) consolidated audit of June 30, 2023 (Note 1, Nature of Business): "...Collectively, the Organization includes Feed the Children, Inc.; its wholly owned for-profit subsidiaries, FTC Transportation, Inc. (FTCT) and Friends That Care Holding Co. Ltd. (FTCHC); Feed the Children, Philippines; Feed the Children, Honduras; Feed the Children, El Salvador; and its international operations in Malawi, Guatemala, Kenya, Tanzania, and Uganda... ...Feed the Children, Philippines; Feed the Children, Honduras; and Feed the Children, El Salvador are controlled international entities that were formed to expand the mission of the Organization in their respective countries..." According to the Feed the Children (FTC) consolidated audit of June 30, 2023 (Note 2, Significant Accounting Policies, Principles of Consolidation): "The consolidated financial statements include the accounts of the Organization, including the accounts of Feed the Children, Inc.; FTCT; FTCHC; and all controlled international entities and offices. All material intercompany accounts and transactions have been eliminated in consolidation." |
According to the Feed the Children (FTC) consolidated audit of June 30, 2023 (Note 11, Gifts-in-kind Donations): FTC received gifts-in-kind donations during the fiscal year-ended June 30, 2023, on which it placed a total value of $446,500,457. Of this amount, $196,261,221 and $127,849,051 was attributed to "Food, beverages, and nutrition" and "Hygiene and home essentials," respectively. "...For the year ended June 30, 2023, and 2022, gifts-in-kind donations from 15 and 13 donors represented approximately 59 and 58 percent, respectively, of total gifts-in-kind revenue..." [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the Feed the Children (FTC) tax filing for the fiscal year ended June 30, 2023, FTC reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding severance or change-of-control payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4a): "Chief Development & Marketing Officer, received a severance payment in the amount of $105,661." FTC reports Becky Graninger as the former Chief Development & Marketing Officer (terminated 6/3/2022), who received $234,488 in total compensation in calendar year 2022 (IRS Form 990, Schedule J, Part II). FTC reports providing "bonus & incentive compensation" during 2022 to five individuals. Travis Arnold, President & CEO, received $35,000 of bonus and incentive compensation, with a total reported compensation of $444,390. The remaining four individuals received $5,000 to $33,000 with total compensation ranging from $162,336 to $355,953. |
According to the Feed the Children (FTC) tax filing of June 30, 2023, IRS Form 990, Schedule L, Part IV & V, Business Transactions Involving Interested Persons & Supplemental Information: The "Name of interested person" is reported as "Jordan Associates." The "Relationship between interested person and the organization" is "Entity more than 35% owned by a board member." The "Amount of transaction" is reported as "$270,000." The "Description of transaction" is reported as "Brand and marketing services provided by Jordan Associates were contracted on terms equivalent to those prevailing in the marketplace." |
According to the Feed the Children (FTC) tax filing for the fiscal year ended June 30, 2023, in response to: "Describe on Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year" (IRS Form 990, Part VI, line 19), FTC reports: "The organization does not make its governing documents or conflict of interest policy available to the public. The organization makes its current financial statements available to the public through FTC's website and upon request" (IRS Form 990, Schedule O). |