Loaves and Fishes Ministry Inc

Nonprofit profile at a glance

EIN
561433563
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-EZ 2009
Location
Raleigh, NC, USA
Phone
9192713018
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Centers, Clubs

Reported finances

Revenue
$211,783
Expenses
$287,404
Assets
$52,607
Liabilities
$7,220

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • India Williams (Executive Director - started Feb 2025)
  • Vielka Gabriel (Board President)
  • Duncan Jennings (Board Vice President)

Highest reported compensation

  • Kevonia Polanco (Executive Directior - until January 2025): $38,500 total reported compensation
  • India Williams (Executive Director - started Feb 2025): $23,314 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We provide academic assistance and social-emotional skills for under-resourced youth in collaboration with schools families and other community organizations. We help our youth build resilience to Adverse Childhood Experiences ACEs and prepare them for life opportunities including post-high school education and employment. We provide enrichment opportunities to introduce youth to new experiences and situations they may not otherwise have leading to new skills and careers. Through our work we build self-esteem and character so that our youth become contributing citizens in our community. We work closely with the families of our youth many of whom frequently struggle with hunger unstable housing poor transportation and low-wage employment. While we cannot solve these problems we make referrals to other agencies that can assist and stand with our families through the process of application and subsequent action.

What it reported doing in 2024

Pride for Parents Christmas Store: Each year we open a pop-up Christmas Store to offer new toys and games to our families and others in the community who are not able to provide for their children during the holidays. We offer the items at prices substantially discounted from retail often as much as a 75% reduction. Merchandise is purchased by our organization and donated by our supporters to stock the store. This past year we served approximately 200 families with 470 children who purchased over 1,100 gifts providing a hand-out approach offered by other organizations. As a result our families take pride in paying for the gifts they select and can afford and enjoy the love fellowship and community of our team and volunteers.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 79
  • Accountability: 82
  • Sustainability: 12
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.5%; rating input score 84
  • Fundraising efficiency: $14.36 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 83.3%; rating input score 83; 2nd 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: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -35.7%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.18; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 21.5%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: 11.2% per year; rating input score 100; 72nd percentile among comparable filings
  • Revenue growth: -4.6% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: -4% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84.5% of spending went to programs
  • Governance: 10 of 10 board members independent · 5 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $243K in reported program spending
  • Leadership: top reported pay $38K · 10 people listed
  • Consistency: 40 of 42 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 7 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX AllOtherExpenses column sum did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 18/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.