The Food Basket Inc

Overview

Mission

The mission of the organization is to feed the hungry in Hawaii county while attending to the root causes of this critical social problem. The food basket accomplishes its mission by preventing the waste of all edible food in Hawaii county, feeding the hungry with this food, educating the community about local hunger and what can be done to solve this social problem, and collaborating with organizations of partnering missions to eradicate the root of hunger and other social ills: poverty.

What it reported doing in 2024

In 2024 the food basket continued its mission to end hunger in Hawaii through several emergency food programs. With the help of over 100 partner agencies, including churches, soup kitchens, homeless outreach programs and shelters, we distributed over three million pounds of food to over 600,000 individuals island wide. We served 1,361 qualifying seniors per month through our kupuna pantry program by delivering 30-35 pounds of staple food items received from the usda commodity supplemental food program (csfp) as well as separately funded Hawaii island grown local produce and locally produced proteins. We provided food to 21,954 students through the keiki backpack program and to 21,542 students and their family members through the school pantry programs. With our emergency food boxes, distributed on weekdays at our hilo and kona warehouse locations, we assisted 46,701 individuals in need. Our mission to end hunger in hawai'i grows, even after the covid-19 pandemic, and as we see food costs rise, estimated at a 25% increase over the past three years. Through a partnership with the state of Hawaii department of human services (dhs), our supplemental nutrition assistance program (snap) outreach team delivers snap eligibility pre-screening and step-by-step application assistance across hawai'i island. In 2024, we distributed 630 applications and assisted nearly 1,000 people with their snap application. Once individuals become beneficiaries of snap, they qualify for da bux double up food bucks, our state-wide program providing a 50% discount on purchases of hawai'i grown fruits and vegetables.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
260349475
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Headquarters
Hilo, HI, USA
Phone
8089336030
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Food Banks, Pantries

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.4%; rating input score 85
  • Program expense ratio: 89.8%; rating input score 90
  • Fundraising efficiency: $53.26 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.3%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 1.11; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 0.8%; rating input score 87; 87th percentile among comparable filings

Growth

  • Program expense growth: 11.1% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 11.8% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 18.1% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 85.4% of revenue deployed · 89.8% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $12.4M in reported program spending
  • Leadership: top reported pay $113K · 11 people listed
  • Highest-paid contractors: 2 contractors listed · $541K reported
  • Consistency: 38 of 38 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 10 annual filings from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

11 people listed

Highest reported compensation

  • KRISTIN FROST ALBRECHT (EXECUTIVE DI): $113,277 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.