Totals
- Total revenue
- $34,063,087
- Total expenses
- $36,682,200
- Contributions and grants received
- $32,157,838
- Grants paid
- $23,161,095
- Program service revenue
- $17,000
- Investment income
- $520,129
- Other revenue
- $1,368,120
- Total assets, end of year
- $35,746,376
- Total liabilities, end of year
- $2,272,200
- Net assets or fund balances, end of year
- $33,474,176
- Program services expenses (Part IX)
- $32,326,648
- Management and general expenses
- $1,684,478
- Fundraising expenses
- $2,671,074
- Program service expenses (Part III)
- $32,326,648
Program services were 88.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$6,777,760
-
1f · All other contributions, gifts and grants
$25,380,078
-
1g · Noncash contributions included above
$17,932,261
-
2a · Program service revenue: MEMBERSHIP & DELIVERY FEES
total $17,000 · related or exempt $17,000
-
3 · Investment income
total $487,185 · excluded $487,185
-
7a · Gross sales of assets other than inventory
securities $2,827,745
-
7b · Less cost or other basis and sales expenses
securities $2,794,801
-
7c · Gain or loss
securities $32,944
-
7d · Net gain or loss
total $32,944 · excluded $32,944
-
10a · Gross sales of inventory
$2,031,603
-
10b · Cost of goods sold
$786,627
-
10c · Net income from sales of inventory
total $1,244,976 · related or exempt $1,244,976
-
11a · Other revenue: MISCELLANEOUS
total $123,144 · excluded $123,144
-
11e · Other revenue, total
$123,144
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $17,676,625 · program services $17,676,625
-
2 · Grants to domestic individuals
total $5,484,470 · program services $5,484,470
-
5 · Compensation of officers, directors and key employees
total $297,746 · management and general $272,604 · fundraising $25,142
-
7 · Other salaries and wages
total $5,319,747 · program services $3,584,995 · management and general $713,218 · fundraising $1,021,534
-
8 · Pension plan contributions
total $130,119 · program services $76,292 · management and general $24,024 · fundraising $29,803
-
9 · Other employee benefits
total $1,365,273 · program services $878,043 · management and general $238,405 · fundraising $248,825
-
10 · Payroll taxes
total $426,652 · program services $272,282 · management and general $74,874 · fundraising $79,496
-
11b · Fees: legal
total $3,456 · management and general $3,456
-
11c · Fees: accounting
total $23,150 · management and general $23,150
-
11g · Fees: other
total $210,754 · program services $16,858 · management and general $192,417 · fundraising $1,479
-
13 · Office expenses
total $364,570 · program services $225,587 · management and general $53,607 · fundraising $85,376
-
14 · Information technology
total $44,313 · program services $32,346 · management and general $5,804 · fundraising $6,163
-
16 · Occupancy
total $526,438 · program services $499,628 · management and general $14,401 · fundraising $12,409
-
17 · Travel
total $33,002 · program services $24,195 · management and general $1,595 · fundraising $7,212
-
19 · Conferences, conventions and meetings
total $119,827 · program services $77,643 · management and general $15,420 · fundraising $26,764
-
22 · Depreciation, depletion and amortization
total $324,605 · program services $290,673 · management and general $18,227 · fundraising $15,705
-
23 · Insurance
total $89,934 · program services $80,615 · management and general $3,501 · fundraising $5,818
-
24a · Other expenses: OTHER PROGRAM EXPENSES
total $1,426,807 · program services $1,426,807
-
24b · Other expenses: FUNDRAISING
total $834,460 · fundraising $834,460
-
24c · Other expenses: VEHICLE EXPENSES
total $471,892 · program services $471,892
-
24d · Other expenses: WAREHOUSE SUPPLIES
total $426,575 · program services $426,575
-
24e · All other expenses
total $1,081,785 · program services $781,122 · management and general $29,775 · fundraising $270,888
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $738,996 · end of year $459,111
-
2 · Savings and temporary cash investments
beginning of year $192,453 · end of year $193,108
-
3 · Pledges and grants receivable
beginning of year $6,762,492 · end of year $1,336,758
-
4 · Accounts receivable
end of year $100,813
-
8 · Inventories for sale or use
beginning of year $1,676,175 · end of year $2,562,413
-
9 · Prepaid expenses and deferred charges
beginning of year $88,077 · end of year $86,467
-
10a · Land, buildings and equipment: cost or other basis
$13,693,271
-
10b · Land, buildings and equipment: accumulated depreciation
$3,828,386
-
10c · Land, buildings and equipment, net
beginning of year $7,624,683 · end of year $9,864,885
-
11 · Investments: publicly traded securities
beginning of year $20,233,723 · end of year $19,880,361
-
15 · Other assets
beginning of year $0 · end of year $1,262,460
-
17 · Accounts payable and accrued expenses
beginning of year $1,421,344 · end of year $1,009,740
-
25 · Other liabilities
beginning of year $0 · end of year $1,262,460
-
27 · Net assets without donor restrictions
beginning of year $32,266,089 · end of year $32,675,159
-
28 · Net assets with donor restrictions
beginning of year $3,629,166 · end of year $799,017
Mission and programs · 2022
Mission
THE MISSION OF THE VERMONT FOODBANK IS TO GATHER AND SHARE QUALITY FOOD AND NURTURE PARTNERSHIPS SO THAT NO ONE IN VERMONT WILL GO HUNGRY.
Activities or mission (Part I)
THE VERMONT FOODBANK IS THE STATE'S ONLY FOOD BANK AND AN INDEPENDENT NONPROFIT THAT IS PART OF THE FEEDING AMERICA NETWORK. OUR MISSION IS TO GATHER AND SHARE QUALITY FOOD AND NURTURE PARTNERSHIPS SO THAT NO ONE IN VERMONT WILL GO HUNGRY. WE PROVIDE NOURISHING FOOD THROUGH A NETWORK OF MORE THAN 320 COMMUNITY PARTNERS - FOOD SHELVES, MEAL SITES, SCHOOLS, HOSPITALS, AND HOUSING SITES. FOOD INSECURITY HAS INCREASED DRAMATICALLY AS A RESULT OF THE END OF THE PANDEMIC SUPPORTS AND ECONOMIC CRISIS; THE VERMONT FOODBANK HAS BEEN ON THE FRONT LINES, WORKING TO ENSURE THAT EVERYONE HAS THE FOOD THEY NEED.
-
IN FISCAL YEAR 2023, THE VERMONT FOODBANK DISTRIBUTED 12.6 MILLION POUNDS OF DONATED FOOD, PRODUCE, USDA FOODS, AND PURCHASED FOOD DIRECTLY TO INDIVIDUALS AND MORE THAN 220 NETWORK PARTNERS. OF THAT, A RECORD 4.1 MILLION POUNDS WAS FRESH FRUITS AND VEGETABLES. AND A FULL 49% OF THE FOOD DISTRIBUTED WAS FRESH FOOD (PRODUCE, MEAT, AND DAIRY). THE VERMONT FOODBANK ALSO WORKED WITH MORE THAN 200 VERMONT FARMS TO GATHER AND SHARE MORE THAN 1.5 MILLION POUNDS OF LOCAL FOOD WORTH OVER $2.4 MILLION. DURING THE SAME PERIOD, THE FOODBANK FUNDED MORE THAN 480 GRANTS TOTALING ALMOST $2.7M TO NETWORK AND COMMUNITY PARTNER ORGANIZATIONS. THESE GRANTS, WHICH TOUCHED EVERY COUNTY IN VERMONT, DEEPENED OUR IMPACT AND HELPED SOLVE TARGETED CHALLENGES TO FOOD ACCESS IN LOCAL COMMUNITIES (EXAMPLES INCLUDE INCREASING REFRIGERATION CAPACITY TO ENABLING PURCHASING FRESH PRODUCE FROM LOCAL, SMALL-SCALE FARMS). THE FOODBANK WORKED WITH MORE THAN 21 PARTNERS, HOSPITALS, AND SCHOOLS TO HOST FRESH FOOD DISTRIBUTION EVENTS, PRIMARILY DRIVE-THRU, ACROSS ALL VERMONT COUNTIES, DISTRIBUTING FRESH FOODS TO AN AVERAGE OF 7600 HOUSEHOLDS A MONTH. THE VERMONT FOODBANK CONTINUES TO SEE SIGNIFICANT INCREASES IN EXPENSES OVER PRE-PANDEMIC BUDGETS. HOWEVER, INCREASES IN REVENUE ENABLED THE VERMONT FOODBANK TO CONFIDENTLY INCREASE ITS EXPENSES TO MEET A TREMENDOUS INCREASE IN FOOD INSECURITY IN VERMONT, BROUGHT ON BY THE GLOBAL PANDEMIC. REVENUE IN FISCAL YEAR 2023 MET PROJECTIONS, MAINLY THROUGH PRIVATE PHILANTHROPY AND A $2M APPROPRIATION FROM THE STATE OF VERMONT. A 2022 STUDY BY THE UNIVERSITY OF VERMONT SHOWS THAT 2 IN 5 PEOPLE IN VERMONT HAVE EXPERIENCED FOOD INSECURITY IN THE 12 MONTHS PRIOR. THIS DATA IS SUPPORTED BY 2022 DATA SHARED BY THE USDA. THESE STUDIES SHOW THAT FOOD INSECURITY IS FAR HIGHER THAN THE 9.6% FOOD INSECURITY RATE VERMONT SAW BEFORE THE CASCADING CRISES OF THE PAST THREE YEARS, AND IS ALSO HIGHER THAN AT ANY POINT IN 2020 OR 2021. THIS SUMMER'S CATASTROPHIC FLOODING AROUND THE STATE CREATED AN ADDITIONAL CRISIS FOR OUR NEIGHBORS EXPERIENCING HUNGER AND HAS PUT ADDITIONAL PRESSURE ON THE CHARITABLE AND EMERGENCY FOOD NETWORK. THIS LEVEL OF NEED IS BEYOND WHAT OUR NETWORK OF COMMUNITY ORGANIZATIONS WAS BUILT TO ADDRESS. THE NEED WAS MADE STARKER WITH THE END OF FEDERAL PANDEMIC-ERA PROGRAMS SUPPORTING OUR NEIGHBORS' NUTRITION NEEDS. THIS WAS FELT PARTICULARLY STRONGLY AMONG NEIGHBORS WHO ARE LEAST ABLE TO ADJUST QUICKLY TO THESE CHANGING CIRCUMSTANCES. SINCE SNAP (3SQUARESVT) EMERGENCY ALLOTMENTS ENDED IN APRIL 2023 (AN AVERAGE OF $500/MONTH IN LOST BENEFITS PER FAMILY, AFFECTING 40,000 HOUSEHOLDS), THE FOODBANK'S NETWORK OF FOOD PANTRIES, FOOD SHELVES, AND MEAL SITES HAS SEEN A MARKED INCREASE IN VISITS. IN JUNE 2023, VF DISTRIBUTED 988,913 LBS. OF FOOD. IN AUGUST IT WAS 1.42 MILLION LBS. - A 44% INCREASE. WE ANTICIPATE THAT THIS LEVEL OF NEED WILL CONTINUE TO REMAIN HIGH, ESPECIALLY IN FLOOD IMPACTED REGIONS.THE VERMONT FOODBANK, THE STATE'S ONLY FOOD BANK, IS AN INTEGRAL PART OF EMERGENCY RESPONSE IN THE STATE OF VERMONT. INCREASED REVENUE HAS ENABLED THE VERMONT FOODBANK TO: PURCHASE MORE FOOD TO MEET THE NEEDS OF NEIGHBORS, INCLUDING AN INCREASE IN LOCAL FOOD PURCHASES; INCREASE THE PERCENTAGE OF FRESH FOODS (FRUITS, VEGETABLES, DAIRY AND PROTEINS) BEING DISTRIBUTED STATE-WIDE; PROVIDE INCREASED, DIRECT FINANCIAL SUPPORT TO COMMUNITY PARTNERS, INCLUDING FOOD SHELVES, FARMS, AND FOOD ACCESS PROGRAMS (OFTEN SMALLER NON-PROFITS WITHOUT CAPACITY FOR FUNDRAISING AND/OR GRANT MANAGEMENT); CREATE NEW FOOD DISTRIBUTION MECHANISMS TO BOTH MEET INCREASED NEEDS AND DO SO SAFELY IN THE MIDST OF THE GLOBAL PANDEMIC; INVEST IN NEW IDEAS TO INCREASE FOOD ACCESS (HOPEFULLY REDUCING FUTURE NEED FOR LARGER-SCALE EMERGENCY RESPONSE); AND TO HAVE NECESSARY RESERVES TO CONTINUE TO SERVE AS AN INTEGRAL PART OF BOTH "NORMAL AND EMERGENCY RESPONSE CHARITABLE FOOD DISTRIBUTION/FOOD ACCESS IN THE STATE OF VERMONT.
Expenses $32,326,648 · Grants $23,161,095 · Revenue $17,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Amy DavenportAMY DAVENPORT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Will EberleWILL EBERLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Michael HouriganMICHAEL HOURIGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bruce NashBRUCE NASH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Jacob ParkDR JACOB PARK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Melissa RobergeMELISSA ROBERGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Liz RuffaLIZ RUFFA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jeff TiemanJEFF TIEMAN
TRUSTEE "PAST"
- Total calculated
- $0
- Hours/week
- 2
-
Mitzi JohnsonMITZI JOHNSON
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Penrose JacksonPENROSE JACKSON
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Martha Trombley OakesMARTHA TROMBLEY OAKES
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
John SaylesJOHN SAYLES
CHIEF EXECUTIVE OFFICER
- Total calculated
- $204,686
- From this org
- $174,669
- From related orgs
- $0
- Other
- $30,017
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,669
- Bonus
- $0
- Other
- $0
- Deferred
- $5,086
- Nontaxable benefits
- $24,931
- Filer's total
- $204,686
-
Julie-Ann GravesJULIE-ANN GRAVES
CHIEF FINANCIAL OFFICER
- Total calculated
- $153,555
- From this org
- $131,123
- From related orgs
- $0
- Other
- $22,432
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,123
- Bonus
- $0
- Other
- $0
- Deferred
- $3,976
- Nontaxable benefits
- $18,456
- Filer's total
- $153,555
-
Jason MaringJASON MARING
CHIEF OPERATIONS OFFICER
- Total calculated
- $148,649
- From this org
- $121,040
- From related orgs
- $0
- Other
- $27,609
- Hours/week
- 40
-
Chris MeehanCHRIS MEEHAN
CHIEF COMMUNITY IMPACT OFFICER
- Total calculated
- $137,607
- From this org
- $108,603
- From related orgs
- $0
- Other
- $29,004
- Hours/week
- 40
-
Allison MindelALLISON MINDEL
CHIEF PHILANTHROPY OFFICER
- Total calculated
- $135,176
- From this org
- $106,220
- From related orgs
- $0
- Other
- $28,956
- Hours/week
- 40
-
Hillary OrsiniHILLARY ORSINI
CHIEF OF STAFF
- Total calculated
- $105,191
- From this org
- $103,483
- From related orgs
- $0
- Other
- $1,708
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
NETWORK & COMMUNITY PARTNERS
$2,328,409
URGENT NEEDS FUND
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430319349301008
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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