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Posts tagged ‘Food For The Poor’

24
Aug

Executive Compensation at Food For The Poor

At first glance, Food For The Poor looks like a billion dollar non-profit and in a sense, it is but a closer look at this Florida-based non-profit shows that they actually raised about $148 million in 2017 including $11.3 million in government grants. $800 million in non-cash contributions – primarily pharmaceuticals, clothing, and household goods) make up the rest of the reported revenue.

The problem with including non-cash contributions as a part of revenue is that the value of these contributions may not be the market value, which some critics (including the Attorney General for the State of California who recently issued a cease and desist order to the popular charity) claim. Seems there is a disagreement over the value of the non-cash contributions and, specifically the value of pharmaceuticals. Read more »

22
Aug

Where Does $100 To Food For The Poor Go?

Food For The Poor has been in the news over the past few years. First, there was the scandal with the founder and president who resigned after allegations of sexual and financial misconduct when funds (estimates range from $275,000 to $400,000) were diverted to two female employees in which he was involved (note: the money was paid back to the charity). Then, allegations were made of employing family members (the Mayfood family who are still involved with the organization) and doing business with for-profit companies in which family members are involved. Read more »