Golden Harvest Food Bank Inc
Nonprofit profile at a glance
- EIN
- 581466516
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Augusta, GA, USA
- Phone
- 7067361199
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Food Banks, Pantries
Reported finances
- Revenue
- $45,836,611
- Expenses
- $43,177,231
- Assets
- $24,185,306
- Liabilities
- $508,516
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- AMY C BREITMANN NON-VOTING (EXECUTIVE DIRECTOR)
Highest reported compensation
- AMY C BREITMANN NON-VOTING (EXECUTIVE DIRECTOR): $142,762 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Golden harvest food bank, inc.'s mission is "feeding lives together."
What it reported doing in 2024
Solicit, collect, and warehouse donated food and grocery products and distribute these products through local non-profit organizations in 30 Georgia and South Carolina counties. Golden harvest food bank, inc.'s core activity is its distribution network to over 400 churches and other charitable organizations within its service area, which encompasses 25 counties within Georgia and South Carolina. Golden harvest also operates four direct service programs that feed the hungry: the master's table soup kitchen, which serves over 280 people a free noon-time meal daily; senior food box program, which provides a free monthly bag of groceries for senior citizens; mobile food pantry, a mobile food distribution program that allows agencies in neighborhood parking lots or county crossroads to distribute at least 5,000 pounds of food to the needy at one time; back pack program, which provides children at risk of hunger with a supply of nutritious, easily opened foods for the weekend.
Operating model
- Revenue model
- Donor-supported. 91% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 76% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 93
- Accountability: 100
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.6%; rating input score 90
- Program expense ratio: 95.1%; rating input score 95
- Fundraising efficiency: $41.5 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 85.1%; rating input score 85; 18th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
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: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.8%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 0.56; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 89; 89th percentile among comparable filings
- Officer compensation ratio: 0.3%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 1.3% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 21st percentile among comparable filings
- Asset growth: 8.9% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 89.6% of revenue deployed · 95.1% of spending went to programs
- Governance: 16 of 16 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $41.1M in reported program spending
- Leadership: top reported pay $143K · 17 people listed
- Highest-paid contractors: 1 contractor listed · $226K reported
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 220 filed money-flow records
- Related organizations: 155 filed related-organization links
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- Review — Sustainability: Operating margin scored 56/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.