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Nonprofiteer
← FOODLINK FOUNDATION INC

Form 990 for tax year 2024

Filed by FOODLINK FOUNDATION INC.

Totals

Total revenue
$931,396
Total expenses
$589,368
Contributions and grants received
$170,327
Grants paid
$25,706
Program service revenue
$0
Investment income
$263,992
Other revenue
$497,077
Total assets, end of year
$12,348,937
Total liabilities, end of year
$5,841,354
Net assets or fund balances, end of year
$6,507,583
Program services expenses (Part IX)
$458,014
Management and general expenses
$96,097
Fundraising expenses
$35,257
Program service expenses (Part III)
$458,014

Program services were 77.7% 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

    $170,327

  • 3 · Investment income

    total $263,992 · excluded $263,992

  • 6a · Gross rents

    real property $497,077

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $497,077

  • 6d · Net rental income or loss

    total $497,077 · excluded $497,077

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,706 · program services $25,706

  • 11b · Fees: legal

    total $5,124 · program services $752 · management and general $4,372

  • 11c · Fees: accounting

    total $10,500 · management and general $10,500

  • 13 · Office expenses

    total $2,633 · program services $785 · management and general $16 · fundraising $1,832

  • 16 · Occupancy

    total $44,124 · program services $41,456 · management and general $2,496 · fundraising $172

  • 20 · Interest

    total $233,437 · program services $233,437

  • 22 · Depreciation, depletion and amortization

    total $131,050 · program services $131,050

  • 23 · Insurance

    total $64 · management and general $64

  • 24a · Other expenses: CONTRACTED SERVICES

    total $74,285 · program services $844 · management and general $48,738 · fundraising $24,703

  • 24b · Other expenses: DATA PROCESSING AND BAN

    total $53,407 · program services $23,984 · management and general $29,423

  • 24c · Other expenses: SUPPLIES

    total $8,543 · management and general $17 · fundraising $8,526

  • 24d · Other expenses: OTHER

    total $495 · management and general $471 · fundraising $24

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $489,547 · end of year $344,153

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

    $4,734,976

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

    $373,673

  • 10c · Land, buildings and equipment, net

    beginning of year $4,588,925 · end of year $4,361,303

  • 11 · Investments: publicly traded securities

    beginning of year $6,725,521 · end of year $7,627,410

  • 15 · Other assets

    beginning of year $0 · end of year $16,071

  • 17 · Accounts payable and accrued expenses

    beginning of year $490 · end of year $59,548

  • 23 · Secured mortgages and notes payable

    beginning of year $2,364,600 · end of year $2,289,180

  • 25 · Other liabilities

    beginning of year $140,007 · end of year $3,492,626

  • 27 · Net assets without donor restrictions

    beginning of year $8,315,684 · end of year $5,335,345

  • 28 · Net assets with donor restrictions

    beginning of year $983,212 · end of year $1,172,238

Mission and programs · 2024

Mission

TO PROVIDE FUNDS FOR THE BENEFIT AND SUPPORT OF CHARITABLE OR EDUCATIONAL ORGANIZATIONS THAT DISTRIBUTE FOOD TO THE NEEDY, ELDERLY OR CHILDREN.

Activities or mission (Part I)

THE CORPORATION IS FORMED AND SHALL BE OPERATED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF SUPPORTING AND BENEFITING FOODLINK, INC., WHICH IS A NEW YORK NOT-FOR-PROFIT CORPORATION (FOODLINK), SUCH OTHER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE) AND SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE CODE THAT SOLICIT, COLLECT, STORE AND DISTRIBUTE FOOD PRODUCTS FOR THE ULTIMATE CONSUMPTION BY THE ILL, NEEDY, ELDERLY OR CHILDREN, AND PROGRAMS WHICH SERVE THE NEEDS OF THE UNDERNOURISHED IN THE GREATER ROCHESTER METROPOLITAN AREA. IT IS INTENDED THAT THE CORPORATION WILL PRIMARILY SUPPORT AND BENEFIT FOODLINK, WHICH IS AN ORGANIZATION DESCRIBED IN SECTION 170(B)(1)(A) (OTHER THAN IN CLAUSES (VII) AND (VIII)) OF THE CODE. THE CORPORATION SHALL CARRY OUT ITS STATED PURPOSES AT ALL TIMES WITHIN THE MEANING AND INTENT OF SECTION 509(A)(3) OF THE CODE.

  • THE FOODLINK FOUNDATION PROVIDES SUPPORT AND FUNDING TO FOODLINK AND ITS NETWORK OF MEMBER NON-PROFITS TO SUPPORT THE DISTRIBUTION OF EMERGENCY FOOD, AND OTHER NOT-FOR-PROFIT ORGANIZATIONS ENGAGED IN ADDRESSING FOOD INSECURITY AND HEALTHY EATING. DONATIONS TO THE FOODLINK FOUNDATION ARE MADE BY INDIVIDUALS, CORPORATIONS AND VIA AN ANNUAL MAIL APPEAL. THESE FUNDS ARE DIRECTED TO OTHER NON-PROFITS ANNUALLY AND HAVE SUPPORTED SUCH THINGS AS COLD STORAGE TO ENABLE THE DISTRIBUTION OF MORE FRESH FOOD, FUNDING FOR FOOD, AND INVESTMENTS IN TECHNOLOGY TO BETTER SERVE CLIENTS AND NEIGHBORS THAT RECEIVE FOOD FROM PANTRIES AND SOUP KITCHENS.

    Expenses $458,014 · Grants $25,706

As filed on the 2024 return.

Listed in Part VII

  • Julie Camardo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • James Grossman

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Fernando Santiago

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas Cane

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Arline Santiago

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph Casion

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Julia Tedesco

    PRESIDENT & CHIEF EXECUTIV

    Total calculated
    $283,662
    From this org
    $0
    From related orgs
    $240,523
    Other
    $43,139
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,523 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,277 related
    Nontaxable benefits
    $0 + $25,862 related
    Filer's total
    $0 + $283,662 related

  • Terra Keller

    COO/CFO

    Total calculated
    $232,223
    From this org
    $0
    From related orgs
    $193,014
    Other
    $39,209
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,014 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,645 related
    Nontaxable benefits
    $0 + $25,564 related
    Filer's total
    $0 + $232,223 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
THESE TWO OFFICERS ARE EMPLOYED BY THE FOUNDATION'S SISTER ENTITY, FOODLINK, INC. FOODLINK, INC.'S BOARD AND COMPENSATION COMMITTEE DETERMINE THE CEO'S COMPENSATION AND COMPENSATION OF THE COO/CFO IS DETERMINED BY THE CEO IN CONSULTATION WITH FOODLINK, INC.'S COMPENSATION COMMITTEE.

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.

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.

  • 2011 MT READ LLC

    OWNING AND LEASING REAL ESTATE · NY · income $497,077 · assets $4,361,303

    Directly controlled by FOODLINK FOUNDATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202513109349304271

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