Backpacks of Love Inc
Nonprofit profile at a glance
- EIN
- 274449054
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-N 2011
- Location
- Powhatan, VA, USA
- Phone
- 8045982723
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Emergency Assistance
Reported finances
- Revenue
- $224,460
- Expenses
- $222,304
- Assets
- $104,184
- Liabilities
- $394
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- Micah White (President)
People named in this filing
- Juliette Oliva (Director)
- Noah Maphis (Director)
- Evan Davis (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
An organization committed to reducing hunger in school age children by providing food for the weekends in discreetly distributed backpacks of food on the last day of the school week for those who qualify.
What it reported doing in 2024
During the year, our organization served approximately 1,000 children and delivered approximately 150,000 meals through our program. These accomplishments were significantly supported by gifts-in-kind not reported on Form 990: * Cobb Technologies donated the use of facilities and delivery trucks to operate a food pantry in Henrico, VA. The estimated fair market value of these contributions was $16,308, excluding the value of employee time also provided.* Sojourn Advisors provided professional services valued at $15,075 to evaluate and optimize the nutritional value of our menu. Their recommendations were implemented, directly enhancing the quality of meals provided.In addition to the program-related gifts-in-kind disclosed in Part III, our organization received several non-financial contributions that were essential to administrative and management operations. These gifts-in-kind were not reported in Form 990 financials due to IRS exclusions for donated services and use of facilities, but they significantly enhanced our capacity and impact.- Donated office space used for administrative functions. Estimated value: $4,200.- Donated meeting space for board meetings. Estimated value: $2,375.- Donated professional services including graphic design, website maintenance, and accounting. Estimated value: $4,617.- Donated business software used for operations. Estimated value: $720.
Operating model
- Revenue model
- Donor-supported. 79% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.1%; rating input score 73
- Program expense ratio: 73.7%; rating input score 74
- Fundraising efficiency: $5.37 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 62.6% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 9.3% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 73.1% of revenue deployed · 73.7% of spending went to programs
- Governance: 16 of 16 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $164K in reported program spending
- Leadership: top reported pay $0 · 17 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 24/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- Moderate — Sustainability: Operating margin scored 42/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.