Happy Summer: Donate to a Top-Rated Hunger & Food Policy Cha...
Happy Summer: Donate to a Top-Rated Hunger & Food Policy Cha...
Jun 17, 2024
Happy Summer 2024 from CharityWatch! ...
Happy Summer 2024 from CharityWatch! ...
Entity | Document Type | Tax ID |
---|---|---|
Feeding America | Audited Financial Statements | 36-3673599 |
Feeding America | IRS Form 990 | 36-3673599 |
Entity: Feeding America Document Type: Audited Financial Statements Tax ID: 36-3673599 |
Entity: Feeding America Document Type: IRS Form 990 Tax ID: 36-3673599 |
Name | Title | Compensation | |
---|---|---|---|
1 | Claire Babineaux-Fontenot | CEO | $959,665 |
2 | Katherine Fitzgerald | President/COO | $531,174 |
3 | Paul Henrys | Treasurer | $435,180 |
1 Name: Claire Babineaux-Fontenot Title: CEO Compensation: $959,665 |
2 Name: Katherine Fitzgerald Title: President/COO Compensation: $531,174 |
3 Name: Paul Henrys Title: Treasurer Compensation: $435,180 |
According to the Feeding America audit of June 30, 2022 (Note 6, Donated Goods and Services): Feeding America received donated goods and services in fiscal 2022 on which it placed a total value of approximately $3,923,440,000, including approximately $3,808,438,000 in donated food and $106,222,000 in donated media. [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 $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the Feeding America audit of June 30, 2022 (Note 13, Related-Party Transactions) [$s in thousands, as indicated]: "For the years ended June 30, 2022 and 2021, Feeding America recorded contributions of $21,373 and $46,097, respectively, in cash and pledges and $1,595,978 and $1,469,107, respectively, in goods and services from companies that have representatives who are members of Feeding America's Board of Directors. At June 30, 2022 and 2021, Feeding America had $2,993 and $7,359, respectively, of outstanding contributions receivable from companies that have representatives who are members of Feeding America's Board Directors. Feeding America also distributes grants each year to member foodbanks, some of which have executives who are members of Feeding America's Board of Directors. In prior years, Feeding America executed lines of credit to two-member food banks for the acquisition of trucks and warehouse equipment as well as operating purposes. The members made required principal payments throughout fiscal year 2021 and at June 30, 2021, Feeding America made the decision to forgive the remaining amount of debt. Feeding America does not anticipate entering into any future line of credit agreements with members." |
According to the Feeding America tax filing for the fiscal year ended June 30, 2022, Feeding America reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4a): "Catherine Davis and Alan Dorantes received a severance payment during the calendar year. The payment is included in Part VII, Column D and Schedule J, Part II, Column B-iii. The terms and conditions of the confidential severance agreement is available to the Internal Revenue Service upon request." The amounts Feeding America reports on Schedule J, Part II, Column B-iii, Other reportable compensation, for Catherine Davis, former Chief Marketing & Comms. Officer, and Alan Dorantes, former Chief of Staff, are $163,530 and $106,574, respectively.
"Feeding America may provide executives with lump-sum bonuses based on executive's performance against pre-established goals, retention criteria during a major organization transition, and the results achieved by the Organization. Bonuses are reviewed and approved by the Executive Compensation Committee of the Board." "The indicia used in this performance-based compensation plan include revenue, pounds/meals provided, and other 'non-revenue' related goals and metrics of the organization that are linked to Feeding America's strategic and fiscal year business planning process." Feeding America reports "Bonus & incentive compensation" payments to 18 individuals in calendar year 2021. The payments range from $234,928 to $11,349. Claire Babineaux-Fontenot, CEO, received the $234,928; her reported total compensation in 2021 is $959,665. The second highest payment is $93,971, received by Katherine Fitzgerald, President & COO; her reported total compensation in 2021 is $531,174 (IRS Form 990, Schedule J, Part II). |