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Nonprofiteer
← FREESTORE-FOODBANK FOUNDATION

Form 990 for tax year 2023

Filed by FREESTORE-FOODBANK FOUNDATION.

Totals

Total revenue
$7,785,967
Total expenses
$1,343,934
Contributions and grants received
$7,243,842
Grants paid
$1,245,424
Program service revenue
$0
Investment income
$542,065
Other revenue
$60
Total assets, end of year
$29,220,560
Total liabilities, end of year
$17,815
Net assets or fund balances, end of year
$29,202,745
Program services expenses (Part IX)
$1,245,424
Management and general expenses
$88,852
Fundraising expenses
$9,658
Program service expenses (Part III)
$1,245,424

Program services were 92.7% 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.

  • 1f · All other contributions, gifts and grants

    $7,243,842

  • 3 · Investment income

    total $542,065 · excluded $542,065

  • 11a · Other revenue: OTHER INCOME

    total $60 · excluded $60

  • 11e · Other revenue, total

    $60

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,243,924 · program services $1,243,924

  • 2 · Grants to domestic individuals

    total $1,500 · program services $1,500

  • 11c · Fees: accounting

    total $9,695 · management and general $9,695

  • 11f · Fees: investment management

    total $66,770 · management and general $66,770

  • 11g · Fees: other

    total $4,500 · management and general $4,500

  • 13 · Office expenses

    total $9,658 · fundraising $9,658

  • 14 · Information technology

    total $7,887 · management and general $7,887

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $763,536 · end of year $4,678,139

  • 4 · Accounts receivable

    beginning of year $30,671 · end of year $25,826

  • 11 · Investments: publicly traded securities

    beginning of year $20,101,448 · end of year $24,516,595

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,313 · end of year $17,815

  • 27 · Net assets without donor restrictions

    beginning of year $18,405,221 · end of year $21,936,584

  • 28 · Net assets with donor restrictions

    beginning of year $2,476,121 · end of year $7,266,161

Mission and programs · 2023

Mission

TO PROVIDE INCOME TO THE FREESTORE FOODBANK, ITS SOLE BENEFICIARY, ON A DEPENDABLE, YEAR-TO-YEAR BASIS, HELPING ENSURE THE FREESTORE FOODBANK'S LONG-TERM FINANCIAL STABILITY.

Activities or mission (Part I)

TO PROVIDE INCOME TO THE FSFB, ITS SOLE BENEFICIARY, ON A DEPENDABLE, YEAR-TO-YEAR BASIS

  • THE FREESTORE FOODBANK FOUNDATION IS THE ENDOWMENT FUND FOR FREESTORE FOODBANK (FSFB). ALL UNDESIGNATED BEQUESTS TO THE FSFB GO TO THE FOUNDATION, AS WELL AS SPECIFICALLY DESIGNATED DONATIONS. FOUNDATION ASSETS HAVE GROWN SIGNIFICANTLY IN RECENT YEARS. THIS EARNINGS GROWTH HAS PERMITTED THE FOUNDATION TO BECOME INCREASINGLY IMPORTANT TO THE MISSION OF THE FSFB, CONTRIBUTING SIGNIFICANTLY TO AGENCY OPERATIONS. THE BOARD IS COMPRISED OF COMMUNITY LEADERS, FINANCIAL EXPERTS AND FSFB BOARD MEMBERS.

    Expenses $1,245,424 · Grants $1,245,424

As filed on the 2023 return.

Listed in Part VII

  • Sandy Kaltman

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Brett Blackwell

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jonathan Thornberry

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Damon Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jim Dressman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Bethany Heath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tami Hendrickson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Hummel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Thomas Kahle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gary Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Sampson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marty Dunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Dwinelva Zackery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kurt L Reiber

    CEO / PRESIDENT

    Total calculated
    $385,938
    From this org
    $0
    From related orgs
    $347,000
    Other
    $38,938
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,500 related
    Bonus
    $0 + $92,500 related
    Other
    $0
    Deferred
    $0 + $16,003 related
    Nontaxable benefits
    $0 + $22,935 related
    Filer's total
    $0 + $385,938 related
  • Timothy Weidner

    CHIEF FINANCIAL OFFICER

    Total calculated
    $304,635
    From this org
    $0
    From related orgs
    $267,914
    Other
    $36,721
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,371 related
    Bonus
    $0 + $69,543 related
    Other
    $0
    Deferred
    $0 + $16,381 related
    Nontaxable benefits
    $0 + $20,340 related
    Filer's total
    $0 + $304,635 related
  • Trisha Rayner

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $245,838
    From this org
    $0
    From related orgs
    $230,937
    Other
    $14,901
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,009 related
    Bonus
    $0 + $58,928 related
    Other
    $0
    Deferred
    $0 + $13,856 related
    Nontaxable benefits
    $0 + $1,045 related
    Filer's total
    $0 + $245,838 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

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

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.

  • THE FREESTORE FOODBANK INC

    501(C)(3) · PROVIDE FOOD & SERVICES, CREATE STABILITY & FURTHER SELF-RELIANCE. · OH

  • CORWINE FOUNDATION

    501(C)(2) · THE REAL ESTATE HOLDING COMPANY FOR FREESTORE/FOODBANK, INC. · OH

    Directly controlled by FREESTORE FOODBANK INC

  • FG-HOPE

    501(C)(3) · HOLDING FOR NEW MARKET TAX CREDIT · OH

    Directly controlled by FREESTORE FOODBANK INC

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413189349308131

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