Financial Information

Stewardship. Accountability. Efficiency. Effectiveness. These are the cores values guiding Second Harvest Food Bank in the management of all food, funds and in-kind donations entrusted to us on behalf of the hungry and others in need across our 18-county service area.

Though these values and operational principles are meaningful to all our supporters, they are of special concern to product donors who entrust our organization to distribute brand name product through our network of partner agencies. These donors recognize that we adhere to strict food-safety standards for freshness as well as for receiving and storing products; operate refrigerated trucks that can maintain food in temperature-controlled storage; use technology to track inventory; and hold our agencies accountable to strict standards for food storage and distribution.

Based on the national wholesale value of food from an annual study performed by KPMG LLP for Feeding America, we calculate that for every $1 donated, we can distribute $12 (wholesale value) worth of food, which is the equivalent of 7 nutritious meals. In 2009-2010 were able to distribute over 13 million pounds of food and grocery related products, much of which might otherwise would have gone to waste.

Second Harvest Food Bank of NWNC is an excellent steward of donated funds. 95% of all expenses are program related - food distribution and other programs for those in need. Administrative costs account for only 2% of expenses and fundraising costs account for only 3% of expenses.

An electronic version of our latest audited financials is available below. A printed copy of audited financials may be obtained upon request. To request a copy, contact Lisa Richardson, Director of Finance and Operations, by phone at 336.784.5770, by e-mail at lrichardson@secondharvest.org or by mail at 3655 Reed Street, Winston-Salem, NC 27107.

Audited financial statements are prepared by Dixon Hughes, an independent accounting firm. Audited financials are reviewed by Second Harvest Food Bank of NWNC audit committee, finance committee, executive committee and full board of directors.  All directors are provided with a copy of the final audited financial reports.

2012 Community Impact Report/2010-2011 Annual Report

2010-2011 990 Report

2010-2011 990-T Report

2010-2011 Audited Financial Statements

2011-2012 Audited Financial Statements

Second Harvest Food Bank of NWNC is proud to be recognized as a 4 Star Charity by Charity Navigator.