Skip to content
Nonprofiteer
← FREESTORE-FOODBANK INC

Form 990 for tax year 2023

Filed by FREESTORE-FOODBANK INC.

Totals

Total revenue
$94,237,479
Total expenses
$95,805,483
Contributions and grants received
$89,493,119
Grants paid
$640,558
Program service revenue
$4,122,417
Investment income
$493,997
Other revenue
$127,946
Total assets, end of year
$72,580,340
Total liabilities, end of year
$41,628,543
Net assets or fund balances, end of year
$30,951,797
Program services expenses (Part IX)
$89,091,777
Management and general expenses
$4,021,594
Fundraising expenses
$2,692,112
Program service expenses (Part III)
$89,091,777

Program services were 93.0% 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

    $526,834

  • 1d · Related organizations

    $1,421,965

  • 1e · Government grants (contributions)

    $20,736,603

  • 1f · All other contributions, gifts and grants

    $66,807,717

  • 1g · Noncash contributions included above

    $65,502,898

  • 2a · Program service revenue: MEMBER AGENCIES

    total $3,308,752 · related or exempt $3,308,752

  • 2b · Program service revenue: PRIVATE ORGANIZATIONS

    total $656,328 · related or exempt $656,328

  • 2c · Program service revenue: MISCELLANEOUS PROGRAM REVENUE

    total $81,686 · related or exempt $79,029 · unrelated business $2,657

  • 2d · Program service revenue: CLIENT SERVICES

    total $68,822 · related or exempt $68,822

  • 2e · Program service revenue: SOCIAL ENTERPRISES

    total $6,829 · unrelated business $6,829

  • 3 · Investment income

    total $468,514 · excluded $468,514

  • 7a · Gross sales of assets other than inventory

    securities $3,003 · other assets $47,225

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

    securities $0 · other assets $24,745

  • 7c · Gain or loss

    securities $3,003 · other assets $22,480

  • 7d · Net gain or loss

    total $25,483 · excluded $25,483

  • 8a · Fundraising events: gross income

    $940,486

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

    $526,834

  • 8b · Fundraising events: direct expenses

    $812,540

  • 8c · Net income from fundraising events

    total $127,946 · excluded $127,946

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $640,558 · program services $640,558

  • 5 · Compensation of officers, directors and key employees

    total $1,161,757 · program services $560,453 · management and general $471,163 · fundraising $130,141

  • 7 · Other salaries and wages

    total $8,089,419 · program services $5,812,198 · management and general $1,512,185 · fundraising $765,036

  • 9 · Other employee benefits

    total $2,120,125 · program services $1,344,642 · management and general $604,704 · fundraising $170,779

  • 10 · Payroll taxes

    total $723,345 · program services $431,976 · management and general $226,000 · fundraising $65,369

  • 11b · Fees: legal

    total $25,880 · management and general $25,880

  • 11c · Fees: accounting

    total $37,752 · program services $22,283 · management and general $11,779 · fundraising $3,690

  • 11e · Fees: professional fundraising services

    total $1,278,891 · fundraising $1,278,891

  • 11g · Fees: other

    total $527,872 · program services $471,004 · management and general $14,220 · fundraising $42,648

  • 13 · Office expenses

    total $158,151 · program services $124,283 · management and general $33,868

  • 14 · Information technology

    total $441,636 · program services $266,265 · management and general $175,371

  • 16 · Occupancy

    total $1,927,544 · program services $1,713,244 · management and general $135,082 · fundraising $79,218

  • 19 · Conferences, conventions and meetings

    total $201,169 · program services $78,307 · management and general $116,270 · fundraising $6,592

  • 20 · Interest

    total $312,392 · program services $161,877 · management and general $113,601 · fundraising $36,914

  • 22 · Depreciation, depletion and amortization

    total $1,332,752 · program services $970,202 · management and general $265,257 · fundraising $97,293

  • 23 · Insurance

    total $68,318 · program services $30,526 · management and general $33,827 · fundraising $3,965

  • 24a · Other expenses: FOOD & HEALTH DISTRIB.

    total $65,289,353 · program services $65,289,353

  • 24b · Other expenses: ASSISTANCE TO CLIENTS

    total $6,545,130 · program services $6,545,130

  • 24c · Other expenses: FOOD PURCHASES

    total $3,467,499 · program services $3,467,499

  • 24d · Other expenses: EQUIP, SUPPLIES AND REP

    total $684,412 · program services $630,959 · management and general $52,711 · fundraising $742

  • 24e · All other expenses

    total $771,528 · program services $531,018 · management and general $229,676 · fundraising $10,834

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,595 · end of year $37,542

  • 2 · Savings and temporary cash investments

    beginning of year $15,076,983 · end of year $15,810,027

  • 3 · Pledges and grants receivable

    beginning of year $5,291,286 · end of year $2,003,829

  • 4 · Accounts receivable

    beginning of year $1,324,850 · end of year $1,341,291

  • 8 · Inventories for sale or use

    beginning of year $4,336,624 · end of year $4,896,108

  • 9 · Prepaid expenses and deferred charges

    beginning of year $334,433 · end of year $256,127

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

    $37,927,610

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

    $3,338,660

  • 10c · Land, buildings and equipment, net

    beginning of year $34,923,989 · end of year $34,588,950

  • 12 · Investments: other securities

    beginning of year $255,839 · end of year $271,642

  • 15 · Other assets

    beginning of year $13,979,461 · end of year $13,374,824

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,612,293 · end of year $2,524,251

  • 21 · Escrow or custodial account liability

    beginning of year $1,202,840 · end of year $1,075,393

  • 24 · Unsecured notes and loans payable

    beginning of year $24,123,018 · end of year $23,475,000

  • 25 · Other liabilities

    beginning of year $14,115,367 · end of year $14,553,899

  • 27 · Net assets without donor restrictions

    beginning of year $25,526,545 · end of year $27,524,481

  • 28 · Net assets with donor restrictions

    beginning of year $6,979,997 · end of year $3,427,316

Mission and programs · 2023

Mission

IMPROVE LIVES BY ELIMINATING HUNGER IN PARTNERSHIP WITH OUR COMMUNITY.

  • FREESTORE FOODBANK HAS SERVED OUR NEIGHBORS IN NEED FOR 53 YEARS, STARTING IN CINCINNATI, OHIO AND EXPANDING TO A 20-COUNTY REGION IN OHIO, KENTUCKY AND INDIANA. THE MISSION OF FREESTORE FOODBANK IS TO IMPROVE LIVES BY ELIMINATING HUNGER IN PARTNERSHIP WITH OUR COMMUNITY. OUR VISION IS A HUNGER-FREE, HEALTHY, AND THRIVING COMMUNITY. TO ACHIEVE THIS VISION, OUR OBJECTIVES ARE TO PROVIDE NUTRITIOUS FOOD, CONNECT FAMILIES TO SUPPORTIVE SERVICES AND ENSURE HOPE THROUGH PATHWAYS FROM CRISIS TO STABILITY INCLUDING PROGRAMS FOR LONG-TERM STABILITY AND WORKFORCE DEVELOPMENT. THE MAJORITY OF THE ORGANIZATION'S REVENUE COMES FROM FOOD AND PRODUCT DONATIONS (NON-CASH CONTRIBUTIONS). FINANCIAL CONTRIBUTIONS ARE OBTAINED TO SUPPORT OUR PROGRAMS AND SERVICES WITH THE GOAL OF ELIMINATING FOOD INSECURITY IN OUR REGION. FREESTORE FOODBANK SUPPLIED OVER 39 MILLION MEALS IN THE 2024 FISCAL YEAR, HELPING TO SERVE THE 250,000 FOOD INSECURE INDIVIDUALS IN OUR REGION (ACCORDING TO FEEDING AMERICA'S MAP THE MEAL GAP). A TRUSTED NETWORK OF MORE THAN 540 COMMUNITY PARTNERS HELPS FREESTORE FOODBANK TO DISTRIBUTE EMERGENCY FOOD AND OTHER SOCIAL SERVICES. MEMBER AGENCIES INCLUDE: SOUP KITCHENS, SHELTERS, FOOD PANTRIES, CHURCHES, DAYCARE CENTERS, SENIOR CENTERS, SCHOOL PROGRAM SITES AND OTHER COMMUNITY AND SOCIAL SERVICE ORGANIZATIONS. TOGETHER, WE CAN SOLVE HUNGER!

    Expenses $80,438,316 · Grants $640,558 · Revenue $4,044,109

  • LOCATED IN CINCINNATI'S OVER-THE-RHINE, FREESTORE FOODBANK'S CUSTOMER CONNECTION CENTER AND LIBERTY STREET MARKET MEETS THE NEEDS OF OUR COMMUNITY'S MOST VULNERABLE NEIGHBORS, INCLUDING THOSE WHO ARE HOMELESS OR UNEMPLOYED, AS WELL AS THE WORKING POOR AND FAMILIES IN CRISIS. EMERGENCY FOOD ASSISTANCE, SERVING OVER 30,000 CLIENTS ANNUALLY WAS DISTRIBUTED FROM THE LIBERTY STREET MARKET DURING THE 2024 FISCAL YEAR, HELPING TO FEED LOCAL FAMILIES IN NEED. THE NEW BEA TAYLOR MARKET ALSO PROVIDES ACCESS TO FRESH AND SHELF-STABLE FOOD RESOURCES AT OUR NEW LOCATION ON ROSENTHAL WAY, PROVIDING MORE THAN 1.3 MILLION MEALS. FREESTORE FOODBANK WORKS DAILY TO ADDRESS NOT ONLY THE ISSUE OF HUNGER, BUT ALSO OFFERS SERVICES AIMED AT CREATING STABILITY AND SELF-SUFFICIENCY IN THE AREAS OF HOUSING, TRANSPORTATION, CLOTHING, BENEFITS ENROLLMENT, FINANCIAL MANAGEMENT AND JOB ASSISTANCE.

    Expenses $8,653,461 · Revenue $68,822

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARTY DUNN

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DWINELVA ZACKERY

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ERIC KEARNEY

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MIKE HAUGHT

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JENNY BERG

    VICE CHAIR - GOVERNANCE & TRUSTEESHIP COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • HENRY KARAMANOUKIAN

    VICE CHAIR - DEVELOPMENT

    Total calculated
    $0
    Hours/week
    1

  • DAMON ALLEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ALEN AMINI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOE ALTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUE BAGGOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BOB BAER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CASSANDRA BARHAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRETT BLACKWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANNE LILLY CONE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIM DRESSMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID FREITAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TOM KIRKWOOD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MELISSA KLEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JULIE MCGEHEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MEGHAN MULLIKIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAULA NEISES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ANN REED

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RAMON RODRIGUEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DICK ROSENTHAL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID TAYLOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD VAUGHAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • WARREN WEBER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PEGGY ZINK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KURT L REIBER

    CEO / PRESIDENT

    Total calculated
    $385,938
    From this org
    $347,000
    From related orgs
    $0
    Other
    $38,938
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

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

  • TIMOTHY WEIDNER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $304,635
    From this org
    $267,914
    From related orgs
    $0
    Other
    $36,721
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

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

  • TRISHA RAYNER

    CHIEF DEVELOPMENT OFFICER

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

    Schedule J breakdown matched by us

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

  • VALARIE BOYKINS

    VP OF HUMAN RESOURCES

    Total calculated
    $225,346
    From this org
    $191,195
    From related orgs
    $0
    Other
    $34,151
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,701
    Bonus
    $49,494
    Other
    $0
    Deferred
    $11,216
    Nontaxable benefits
    $22,935
    Filer's total
    $225,346

  • AARON GINN

    DIRECTOR OF SUPPLY CHAIN

    Total calculated
    $154,548
    From this org
    $120,749
    From related orgs
    $0
    Other
    $33,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,970
    Bonus
    $17,779
    Other
    $0
    Deferred
    $7,486
    Nontaxable benefits
    $26,313
    Filer's total
    $154,548

  • ANTHONY LAVATORI

    DIRECTOR OF WORKFORCE DEVE

    Total calculated
    $145,901
    From this org
    $117,051
    From related orgs
    $0
    Other
    $28,850
    Hours/week
    40

  • MICHAEL CLAY

    DIRECTOR OF DEVELOPMENT OP

    Total calculated
    $139,758
    From this org
    $114,639
    From related orgs
    $0
    Other
    $25,119
    Hours/week
    40

  • ANGELA KING

    DIRECTOR OF SOCIAL SERVICE

    Total calculated
    $119,689
    From this org
    $113,338
    From related orgs
    $0
    Other
    $6,351
    Hours/week
    40

  • JENNIFER EMERSON

    CONTROLLER

    Total calculated
    $146,415
    From this org
    $112,859
    From related orgs
    $0
    Other
    $33,556
    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. 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 · Form 990 of other organizations
  • 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

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

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 FOUNDATION

    501(C)(3) · INVESTING ENDOWMENT FUND FOR FREESTORE FOODBANK, INC. · OH · controlled entity

    Directly controlled by FREESTORE FOODBANK INC

  • CORWINE FOUNDATION

    501(C)(2) · REAL ESTATE HOLDING FOR FREESTORE FOODBANK, INC. · OH · controlled entity

    Directly controlled by FREESTORE FOODBANK INC

  • FG-HOPE

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

    Directly controlled by FREESTORE FOODBANK INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FG-GBH LLC

    HOLDING COMPANY · OH · income -$747,934 · assets $30,090,307

    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
202423189349309062

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

The source document this was parsed from is served over the API, which is where bulk and document access live.