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Nonprofiteer
← FREESTORE-FOODBANK FOUNDATION

Form 990 for tax year 2024

Filed by FREESTORE-FOODBANK FOUNDATION.

Totals

Total revenue
$2,434,758
Total expenses
$1,371,295
Contributions and grants received
$1,665,416
Grants paid
$1,210,088
Program service revenue
$0
Investment income
$769,342
Other revenue
$0
Total assets, end of year
$32,302,795
Total liabilities, end of year
$19,245
Net assets or fund balances, end of year
$32,283,550
Program services expenses (Part IX)
$1,210,088
Management and general expenses
$161,207
Fundraising expenses
$0
Program service expenses (Part III)
$1,210,088

Program services were 88.2% 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

    $1,665,416

  • 3 · Investment income

    total $724,735 · excluded $724,735

  • 7a · Gross sales of assets other than inventory

    securities $9,668,950

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

    securities $9,624,343

  • 7c · Gain or loss

    securities $44,607

  • 7d · Net gain or loss

    total $44,607 · excluded $44,607

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,208,588 · program services $1,208,588

  • 2 · Grants to domestic individuals

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

  • 11c · Fees: accounting

    total $10,274 · management and general $10,274

  • 11f · Fees: investment management

    total $80,325 · management and general $80,325

  • 11g · Fees: other

    total $38,592 · management and general $38,592

  • 13 · Office expenses

    total $23,303 · management and general $23,303

  • 14 · Information technology

    total $8,213 · management and general $8,213

  • 24a · Other expenses: DUES & FEES

    total $500 · management and general $500

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $4,678,139 · end of year $3,371,930

  • 4 · Accounts receivable

    beginning of year $25,826 · end of year $20,442

  • 9 · Prepaid expenses and deferred charges

    end of year $908

  • 11 · Investments: publicly traded securities

    beginning of year $24,516,595 · end of year $28,909,515

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,815 · end of year $19,245

  • 27 · Net assets without donor restrictions

    beginning of year $21,936,584 · end of year $26,131,447

  • 28 · Net assets with donor restrictions

    beginning of year $7,266,161 · end of year $6,152,103

Mission and programs · 2024

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 $1,210,088 · Grants $1,210,088

As filed on the 2024 return.

Listed in Part VII

  • Bethany Heath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brett Blackwell

    DIRECTOR (RESIGNED 1/23/25)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Damon Allen

    DIRECTOR (RESIGNED 1/23/25)

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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Gary Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Dressman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Justin Ellis

    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
  • Thomas Kahle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sandy Kaltman

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jonathan Thornberry

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • David Hummel

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Tami Hendrickson

    BOARD SECRETARY

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

    CEO / PRESIDENT

    Total calculated
    $392,076
    From this org
    $0
    From related orgs
    $351,110
    Other
    $40,966
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,109 related
    Bonus
    $0 + $81,001 related
    Other
    $0
    Deferred
    $0 + $18,095 related
    Nontaxable benefits
    $0 + $22,871 related
    Filer's total
    $0 + $392,076 related
  • Timothy Weidner

    CHIEF FINANCIAL OFFICER

    Total calculated
    $305,200
    From this org
    $0
    From related orgs
    $268,463
    Other
    $36,737
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,827 related
    Bonus
    $0 + $62,636 related
    Other
    $0
    Deferred
    $0 + $16,451 related
    Nontaxable benefits
    $0 + $20,286 related
    Filer's total
    $0 + $305,200 related
  • Trisha Rayner

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $244,000
    From this org
    $0
    From related orgs
    $232,200
    Other
    $11,800
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,256 related
    Bonus
    $0 + $52,944 related
    Other
    $0
    Deferred
    $0 + $10,755 related
    Nontaxable benefits
    $0 + $1,045 related
    Filer's total
    $0 + $244,000 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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS MANAGED THROUGH THE RELATED ORGANIZATION, FREESTORE FOODBANK INC (FSFB). THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR FSFB REVIEWS THE CEO COMPENSATION AND CONSIDERS ANY RECOMMENDATIONS MADE BY THE BOARD CHAIR. THE APPROVED ACTION IS REPORTED TO THE BOARD OF DIRECTORS OF FSFB.

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
2024
Filed
3 April 2026
IRS schema version
2024v5.5
Source object
202640969349300649

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