Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $594,769

• 3 · Investment income

  total $357,181 · excluded $357,181

• 7a · Gross sales of assets other than inventory

  securities $5,724,453

• 7b · Less cost or other basis and sales expenses

  securities $4,852,325

• 7c · Gain or loss

  securities $872,128

• 7d · Net gain or loss

  total $872,128 · excluded $872,128

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $120,000 · program services $120,000

• 2 · Grants to domestic individuals

  total $45,000 · program services $45,000

• 11b · Fees: legal

  total $1,019 · program services $1,019

• 11c · Fees: accounting

  total $5,460 · management and general $5,460

• 11f · Fees: investment management

  total $99,607 · management and general $99,607

• 11g · Fees: other

  total $354,778 · program services $158,071 · fundraising $196,707

• 12 · Advertising and promotion

  total $15,187 · program services $15,187

• 13 · Office expenses

  total $4,133 · program services $554 · management and general $261 · fundraising $3,318

• 14 · Information technology

  total $7,088 · program services $5,604 · management and general $1,484

• 17 · Travel

  total $16,159 · program services $13,075 · management and general $1,844 · fundraising $1,240

• 19 · Conferences, conventions and meetings

  total $339,644 · program services $15,322 · fundraising $324,322

• 22 · Depreciation, depletion and amortization

  total $10,101 · program services $5,067 · fundraising $5,034

• 24a · Other expenses: PROGRAM ADMINISTRATION

  total $468,315 · program services $127,796 · management and general $272,713 · fundraising $67,806

• 24b · Other expenses: SPONSORSHIP

  total $35,000 · program services $35,000

• 24c · Other expenses: GIFTS & AWARDS

  total $3,506 · program services $116 · fundraising $3,390

• 24d · Other expenses: RESEARCH DATA

  total $1,020 · program services $1,020

• 24e · All other expenses

  total $546 · management and general $546

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $309,497 · end of year $302,474

• 4 · Accounts receivable

  beginning of year $1,000 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $24,476 · end of year $89,119

• 11 · Investments: publicly traded securities

  beginning of year $11,827,007 · end of year $11,143,362

• 17 · Accounts payable and accrued expenses

  beginning of year $150 · end of year $0

• 19 · Deferred revenue

  beginning of year $322,500 · end of year $317,500

• 25 · Other liabilities

  beginning of year $1,022,125 · end of year $204,599

• 27 · Net assets without donor restrictions

  beginning of year $10,817,205 · end of year $11,012,856

The filer's explanations (Part III)

PART I, LINE 3

THE FOUNDATION DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF THE FOOD MARKETPLACE INC. (FMI), A RELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(6). ON AN ANNUAL BASIS, FOR FMI'S CEO AND OTHER SENIOR EXECUTIVE POSITIONS, A COMPENSATION COMMITTEE, COMPRISED OF CURRENT AND PAST BOARD OFFICERS, REVIEWS EMPLOYEE PERFORMANCE AND MAKES COMPENSATION ADJUSTMENTS ON THE BASIS OF THIS PERFORMANCE IN CONJUNCTION WITH A REVIEW OF MARKET-BASED, PUBLICALLY AVAILABLE, COMPARABILITY DATA. PERIODICALLY, FMI USES THE SERVICES OF AN INDEPENDENT CONSULTANT TO DO A MORE THOROUGH REVIEW OF COMPENSATION RANGES FOR ALL STAFF POSITIONS.

PART I, LINE 4B

THE FOLLOWING PERSON RECEIVED A PAYMENT UNDER A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT WITH FOOD MARKETPLACE INC., A RELATED ORGANIZATION, THAT VESTED DURING 2024: LESLIE G. SARASIN (PRESIDENT) - $2,665,221.