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Nonprofiteer
← MISSISSIPPI FOOD NETWORK INC

Form 990 for tax year 2022

Filed by MISSISSIPPI FOOD NETWORK INC.

Totals

Total revenue
$42,542,497
Total expenses
$42,353,153
Contributions and grants received
$42,242,085
Grants paid
$36,074,941
Program service revenue
$183,358
Investment income
$109,190
Other revenue
$7,864
Total assets, end of year
$20,016,214
Total liabilities, end of year
$382,438
Net assets or fund balances, end of year
$19,633,776
Program services expenses (Part IX)
$39,813,517
Management and general expenses
$1,260,810
Fundraising expenses
$1,278,826
Program service expenses (Part III)
$39,813,517

Program services were 94.0% 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.

  • 1c · Fundraising events

    $10,680

  • 1e · Government grants (contributions)

    $3,852,699

  • 1f · All other contributions, gifts and grants

    $38,378,706

  • 1g · Noncash contributions included above

    $35,066,589

  • 2a · Program service revenue: FOOD PURCHASES REVENUE

    total $139,978 · related or exempt $139,978

  • 2b · Program service revenue: SHARED MAINTENANCE FEES

    total $43,380 · related or exempt $43,380

  • 3 · Investment income

    total $307,681 · excluded $307,681

  • 7a · Gross sales of assets other than inventory

    securities $19,596,861

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

    securities $19,795,352

  • 7c · Gain or loss

    securities -$198,491

  • 7d · Net gain or loss

    total -$198,491 · excluded -$198,491

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $10,680

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $7,864 · related or exempt $7,864

  • 11e · Other revenue, total

    $7,864

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,074,941 · program services $36,074,941

  • 5 · Compensation of officers, directors and key employees

    total $118,895 · program services $86,603 · management and general $13,923 · fundraising $18,369

  • 7 · Other salaries and wages

    total $1,662,062 · program services $1,210,646 · management and general $194,627 · fundraising $256,789

  • 9 · Other employee benefits

    total $458,624 · program services $334,062 · management and general $53,705 · fundraising $70,857

  • 10 · Payroll taxes

    total $132,030 · program services $96,171 · management and general $15,461 · fundraising $20,398

  • 11f · Fees: investment management

    total $68,057 · management and general $68,057

  • 11g · Fees: other

    total $652,843 · program services $61,380 · management and general $591,463

  • 13 · Office expenses

    total $193,726 · program services $50,583 · management and general $135,558 · fundraising $7,585

  • 14 · Information technology

    total $83,951 · program services $61,150 · management and general $9,831 · fundraising $12,970

  • 16 · Occupancy

    total $126,699 · program services $92,288 · management and general $14,836 · fundraising $19,575

  • 17 · Travel

    total $99,980 · program services $74,985 · management and general $24,995

  • 22 · Depreciation, depletion and amortization

    total $444,500 · program services $323,774 · management and general $52,051 · fundraising $68,675

  • 23 · Insurance

    total $82,293 · program services $59,942 · management and general $9,637 · fundraising $12,714

  • 24a · Other expenses: PROGRAM EXPENSES

    total $892,477 · program services $851,820 · management and general $17,529 · fundraising $23,128

  • 24b · Other expenses: PUBLIC SOLICITATION

    total $767,766 · fundraising $767,766

  • 24c · Other expenses: VEHICLE, FREIGHT AND EQ

    total $435,172 · program services $435,172

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $59,137 · management and general $59,137

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,378,021 · end of year $4,036,239

  • 2 · Savings and temporary cash investments

    beginning of year $878,769 · end of year $879,518

  • 3 · Pledges and grants receivable

    beginning of year $649,120 · end of year $631,750

  • 4 · Accounts receivable

    beginning of year $166,240 · end of year $49,152

  • 8 · Inventories for sale or use

    beginning of year $1,261,055 · end of year $2,710,784

  • 9 · Prepaid expenses and deferred charges

    beginning of year $62,072 · end of year $64,297

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

    $6,249,456

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

    $3,578,015

  • 10c · Land, buildings and equipment, net

    beginning of year $2,918,390 · end of year $2,671,441

  • 11 · Investments: publicly traded securities

    beginning of year $7,215,000 · end of year $8,973,033

  • 15 · Other assets

    beginning of year $6,051

  • 17 · Accounts payable and accrued expenses

    beginning of year $570,845 · end of year $322,703

  • 19 · Deferred revenue

    beginning of year $88,884 · end of year $59,735

  • 27 · Net assets without donor restrictions

    beginning of year $16,057,814 · end of year $15,362,640

  • 28 · Net assets with donor restrictions

    beginning of year $2,817,175 · end of year $4,271,136

Mission and programs · 2022

Mission

TO RELIEVE POVERTY-RELATED HUNGER BY DISTRIBUTING DONATED AND PURCHASED FOOD AND GROCERY PRODUCTS THROUGH A NETWORK OF MEMBER CHURCHES AND NONPROFIT ORGANIZATIONS; TO PROVIDE NUTRITION EDUCATION TO THE NEEDY; AND TO EMPHASIZE ADVOCACY AND RELATED NEEDS.

Activities or mission (Part I)

TO RELIEVE POVERTY-RELATED HUNGER BY DISTRIBUTING DONATED AND PURCHASED FOOD AND GROCERIES.

  • MISSISSIPPI FOOD NETWORK PROVIDED 21,583,300 MEALS TO 1.6 MILLION FAMILIES AND INDIVIDUALS EXPERIENCING FOOD INSECURITY THROUGH 430 PARTNER ORGANIZATIONS WHICH INCLUDE FOOD PANTRIES, SOUP KITCHENS, CHILD FEEDING PROGRAMS AND SENIOR FOOD BOX PROGRAMS. IN ADDITION TO PROVIDING SHELF-STABLE FOOD ITEMS AND FROZEN PROTEIN ITEMS, MFN FOCUSES ON FRESH PRODUCE, WHICH ACCOUNTS FOR 35% OF THE TOTAL FOOD DISTRIBUTED. MFN PROVIDES A HEALTHY VARIETY OF FOODS TO FAMILIES AND INDIVIDUALS LIVING IN UNDER RESOURCED AREAS.

    Expenses $39,813,517 · Grants $36,074,941 · Revenue $191,222

As filed on the 2022 return.

Listed in Part VII

  • Andrew Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Bilal Qizilbash

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Caroline Wright

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Cindy Barron

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1
  • Donnell Lewis

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Faith Hadley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Gary Keeler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Holly Lange

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Josie H Bidwell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Keith Young

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kent M Bloodworth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kristina Phillips

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Larry Houchins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lauren Engle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Leanna Range-Norwood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Matt Williamson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael Kinard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael Walker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Molly M Macwade

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Phillip H Lucas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Pieter Teeuwissen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ron Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Russell Morrison

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Ryan Upshaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ted Kendall IV

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Trisha Richardson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Vaughn Gresham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Worth Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Charles H Beady Jr

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $131,443
    From this org
    $116,745
    From related orgs
    $0
    Other
    $14,698
    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.

Grants on this return

  • TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

  • ENDLESS CHARITIES

    $0

    TO PROVIDE, WITHOUT CHARGE, FOOD TO HOMELESS, ELDERLY, HANDICAPPED, MENTALLY ILL, BATTERED, POOR OR OTHERWISE NEEDY MEN, WOMEN AND CHILDREN.

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202401349349300540

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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