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← ACFB CHARITABLE INVESTMENTS INC

Form 990 for tax year 2022

Filed by ACFB CHARITABLE INVESTMENTS INC.

Totals

Total revenue
$11,882,927
Total expenses
$1,183,242
Contributions and grants received
$11,104,500
Grants paid
$1,083,837
Program services expenses (Part IX)
$1,083,837
Management and general expenses
$99,405
Fundraising expenses
$0
Program service expenses (Part III)
$1,083,837

Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KYLE WAIDE

    PRESIDENT

    Total calculated
    $395,769
    From this org
    $0
    From related orgs
    $357,674
    Other
    $38,095
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,917 related
    Bonus
    $0 + $60,757 related
    Other
    $0
    Deferred
    $0 + $22,875 related
    Nontaxable benefits
    $0 + $15,731 related
    Filer's total
    $0 + $396,280 related

  • DEBRA SHOAF

    TREASURER & SECRETARY

    Total calculated
    $235,354
    From this org
    $0
    From related orgs
    $205,629
    Other
    $29,725
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,004 related
    Bonus
    $0 + $28,625 related
    Other
    $0
    Deferred
    $0 + $15,925 related
    Nontaxable benefits
    $0 + $14,311 related
    Filer's total
    $0 + $235,865 related

  • F JOHN CASE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTHA FESSENDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT KUKLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 — 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATON OF CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL: THE VP OF HUMAN RESOURCES COMPILED COMPENSATION DATA FROM SEVERAL SOURCES THAT PROVIDED COMPARABLE DATA (SUCH AS THE GEORGIA CENTER FOR NONPROFITS COMPENSATION SURVEY AND FEEDING AMERICA NATIONAL SURVEY OF ALL FOOD BANKS). THIS INFORMATION WAS PROVIDED TO THE HR COMMITTEE AND EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE THEN DECIDED ON AN APPROPRIATE MERIT INCREASE FOR THE CEO BASED ON PERFORMANCE AND ACCOMPLISHMENTS OF THE ATLANTA COMMUNITY FOOD BANK, INC. 58-1376648 ORGANIZATION FOR THE YEAR. THIS WAS DOCUMENTED AND COMMUNICATED DIRECTLY TO THE VP OF HUMAN RESOURCES FOR IMPLEMENTATION. COMPENSATION OF OFFICERS OR KEY EMPLOYEES: THE CEO PRESENTED RECOMMENDATIONS TO THE HR COMMITTEE OF THE BOARD FOR MERIT INCREASES AND BONUSES FOR THE VPS AND FOR THE CFO. THESE RECOMMENDATIONS WERE BASED ON THE GOALS AND OBJECTIVES ACHIEVED FOR THE YEAR. THE HR COMMITTEE MADE SOME REVISIONS TO THE PROPOSAL AND THEN SUBMITTED THEIR RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE REVIEWED AND APPROVED THE PROPOSAL FROM THE HR COMMITTEE AND THE INFORMATION WAS RECORDED AND COMMUNICATED TO THE VP OF HUMAN RESOURCES FOR IMPLEMENTATION.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
31 January 2024
IRS schema version
2022v5.0
Source object
202440389349302064

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