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Nonprofiteer
← ACFB SUPPORT ORGANIZATION INC

Form 990 for tax year 2022

Filed by ACFB SUPPORT ORGANIZATION INC.

Totals

Total revenue
$446,178
Total expenses
$2,718,047
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$178
Other revenue
$446,000
Total assets, end of year
$38,456,552
Total liabilities, end of year
$46,847,186
Net assets or fund balances, end of year
-$8,390,634
Program services expenses (Part IX)
$2,718,047
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,718,047

Program services were 100.0% 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.

  • 3 · Investment income

    total $178 · excluded $178

  • 6a · Gross rents

    real property $446,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $446,000

  • 6d · Net rental income or loss

    total $446,000 · excluded $446,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,498 · program services $3,498

  • 11g · Fees: other

    total $210,835 · program services $210,835

  • 20 · Interest

    total $305,069 · program services $305,069

  • 22 · Depreciation, depletion and amortization

    total $2,198,645 · program services $2,198,645

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $724,909 · end of year $485,241

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $30,557

  • 10a · Land, buildings and equipment: cost or other basis

    $44,696,113

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,755,359

  • 10c · Land, buildings and equipment, net

    beginning of year $40,137,730 · end of year $37,940,754

  • 23 · Secured mortgages and notes payable

    beginning of year $45,580,000 · end of year $45,580,000

  • 25 · Other liabilities

    beginning of year $1,401,404 · end of year $1,267,186

  • 27 · Net assets without donor restrictions

    beginning of year -$6,118,765 · end of year -$8,390,634

Mission and programs · 2022

Mission

ACFB SUPPORT ORGANIZATION, INC., IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES AND/OR ACTIVITIES OF ATLANTA COMMUNITY FOOD BANK, INC., A GEORGIA NONPROFIT CORPORATION.

  • ACFB SUPPORT ORGANIZATION SUPPORTS THE ATLANTA COMMUNITY FOOD BANK ("ACFB") WITH THE ACQUISTION AND CONSTRUCTION OF A NEW HEADQUARTERS AND DISTRIBUTION CENTER IN ATLANTA, GA ("PROJECT"), BY OBTAINING LOANS FROM COMMUNITY DEVELOPMENT ENTITY LENDERS AS PART OF A TRANSACTION INVOLVING NEW MARKETS TAX CREDITS. THE PROCEEDS OF THE LOANS WILL BE USED BY ACFB SUPPORT ORGANIZATION TO COMPLETE THE PROJECT, WHICH WILL THEN BE LEASED BACK TO ACFB FOR USE IN PROVIDING PROGRAMS AND SERVICES TO FIGHT HUNGER IN THE COMMUNITY.

    Expenses $2,718,047

As filed on the 2022 return.

Listed in Part VII

  • Jerry Wilkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Dupree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kyle Waide

    CHAIR, PRESIDENT/CEO

    Total calculated
    $395,559
    From this org
    $0
    From related orgs
    $357,464
    Other
    $38,095
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,917 related
    Bonus
    $0 + $60,547 related
    Other
    $0
    Deferred
    $0 + $22,875 related
    Nontaxable benefits
    $0 + $15,220 related
    Filer's total
    $0 + $395,559 related

  • Debra Shoaf

    SECRETARY/TREASURER/CFO

    Total calculated
    $235,354
    From this org
    $0
    From related orgs
    $205,629
    Other
    $29,725
    Hours/week
    1 + 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 + $13,800 related
    Filer's total
    $0 + $235,354 related

  • Natosha Reid Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

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 committee
  • 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

No itemized grants to organizations 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
20 December 2023
IRS schema version
2022v5.0
Source object
202400469349300620

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