![]() ![]() No Credit: There has been a diversion of assets within the last two years and the charity's explanation on Schedule O is either non-existent or not sufficient.In this situation, we deduct 7 points from the charity's Accountability and Transparency score. ![]() Partial Credit: There has been a diversion of assets within the last two years and the charity has used Schedule O on the Form 990 to explain: the nature of the diversion, the amount of money or property involved and the corrective action taken to address the matter.This metric will be assigned to one of the following categories:įull Credit: There has been no diversion of assets within the last two years. If the charity does report a diversion, then we check to see if it complied with the Form 990 instructions by describing what happened and its corrective action. We check the charity's last two Forms 990 to see if the charity has reported any diversion of assets. (More)Ī diversion of assets – any unauthorized conversion or use of the organization's assets other than for the organization's authorized purposes, including but not limited to embezzlement or theft – can seriously call into question a charity's financial integrity. Our analysts check the Form 990 to determine if the independent Board members are a voting majority and also at least five in number. (More) The presence of an independent governing body is strongly recommended by many industry professionals to allow for full deliberation and diversity of thinking on governance and other organizational matters. The Project Preserve Program purchases and manufactures millions of pounds of food for distribution to agencies in Middle Tennessee as well as to food banks across the country. Our grocery rescue effort picks up food products from grocery stores and distributes them to partner agencies in our service area. SHFB's Children's Feeding Programs provide low-income children with a nutritious evening meal or a Backpack bag of food for the weekend when school meals are not available. SHFB operates an Emergency Food Box program in Davidson County that helps individuals and families with emergency food needs. Food is distributed through 460 not-for-profit agencies such as senior centers, treatment facilities, low-income daycare centers, and food pantries. Approximately 339,410 people in 46 Tennessee counties receive food from SHFB each year. (More) The mission of Second Harvest Food Bank of Middle Tennessee is to provide food to people facing hunger and work to advance hunger solutions. The mission of Second Harvest Food Bank of Middle Tennessee is to provide food to people facing hunger and work to advance hunger solutions. ![]()
0 Comments
Leave a Reply. |