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Nonprofiteer
← ACFB SUPPORT ORGANIZATION INC

Form 990 for tax year 2024

Filed by ACFB SUPPORT ORGANIZATION INC.

Totals

Total revenue
$442,406
Total expenses
$2,126,674
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$446,000
Investment income
-$3,594
Other revenue
$0
Total assets, end of year
$34,238,771
Total liabilities, end of year
$46,056,336
Net assets or fund balances, end of year
-$11,817,565
Program services expenses (Part IX)
$2,126,674
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,126,674

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $446,000 · related or exempt $446,000

  • 3 · Investment income

    total $65 · excluded $65

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

    other assets $3,659

  • 7c · Gain or loss

    other assets -$3,659

  • 7d · Net gain or loss

    total -$3,659 · excluded -$3,659

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $211,535 · program services $211,535

  • 20 · Interest

    total $305,069 · program services $305,069

  • 22 · Depreciation, depletion and amortization

    total $1,610,005 · program services $1,610,005

  • 24a · Other expenses: PROPERTY TAX

    total $65 · program services $65

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $296,642 · end of year $107,672

  • 2 · Savings and temporary cash investments

    beginning of year $29,987 · end of year $30,353

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

    $44,151,140

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

    $10,050,394

  • 10c · Land, buildings and equipment, net

    beginning of year $36,239,977 · end of year $34,100,746

  • 23 · Secured mortgages and notes payable

    beginning of year $45,580,000 · end of year $45,580,000

  • 25 · Other liabilities

    beginning of year $1,119,903 · end of year $476,336

  • 27 · Net assets without donor restrictions

    beginning of year -$10,133,297 · end of year -$11,817,565

Mission and programs · 2024

Mission

ACFB SUPPORT ORGANIZATION, INC., IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES AND/OR ACTIVITIES OF ATLANTA COMMUNITY FOOD BANK, INC., A GEORGIA NONPROFIT CORPORATION.

  • ACFB SUPPORT ORGANIZATION, INC. COMPLETED THE ACQUISITION AND CONSTRUCTION OF THE FACILITY THROUGH FINANCING OBTAINED AS PART OF A NEW MARKETS TAX CREDIT TRANSACTION AND NOW LEASES THE FULLY OPERATIONAL BUILDING TO THE ATLANTA COMMUNITY FOOD BANK. THROUGH THIS LEASE ARRANGEMENT, ACFB SUPPORT ORGANIZATION PROVIDES THE FOOD BANK WITH A MODERN AND MISSION-CRITICAL FACILITY USED TO DISTRIBUTE FOOD, SUPPORT PARTNER AGENCIES, AND ADVANCE PROGRAMS AND SERVICES THAT FIGHT HUNGER IN THE COMMUNITY.

    Expenses $2,126,674 · Revenue $446,000

As filed on the 2024 return.

Listed in Part VII

  • JERRY WILKINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN DUPREE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KYLE WAIDE

    PRESIDENT/CEO

    Total calculated
    $467,287
    From this org
    $0
    From related orgs
    $430,461
    Other
    $36,826
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,750 related
    Bonus
    $0 + $70,711 related
    Other
    $0
    Deferred
    $0 + $25,875 related
    Nontaxable benefits
    $0 + $10,951 related
    Filer's total
    $0 + $467,287 related

  • NATOSHA REID RICE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
THE ORGANIZATION (A TYPE I SUPPORTING ORGANIZATION) DOES NOT DIRECTLY COMPENSATE ANY OF ITS OFFICERS OR DIRECTORS. ITS SUPPORTED ORGANIZATION, ATLANTA COMMUNITY FOOD BANK, INC., USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF ITS OFFICERS, KEY EMPLOYEES AND TOP MANAGEMENT OFFICIALS. COMPENSATON OF CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL: THE VP OF HUMAN RESOURCES COMPILED COMPENSATION DATA FROM SEVERAL SOURCES THAT PROVIDED COMPARABLE DATA (SUCH AS THE GEORGIA CENTER FOR NONPROFITS COMPENSATION SURVEY AND FEEDING AMERICA NATIONAL SURVEY OF ALL FOOD BANKS). THIS INFORMATION WAS PROVIDED TO THE HR COMMITTEE AND EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE THEN DECIDED ON AN APPROPRIATE MERIT INCREASE FOR THE CEO BASED ON PERFORMANCE AND ACCOMPLISHMENTS OF THE ATLANTA COMMUNITY FOOD BANK, INC. 58-1376648 ORGANIZATION FOR THE YEAR. THIS WAS DOCUMENTED AND COMMUNICATED DIRECTLY TO THE VP OF HUMAN RESOURCES FOR IMPLEMENTATION. COMPENSATION OF OFFICERS OR KEY EMPLOYEES: THE CEO PRESENTED RECOMMENDATIONS TO THE HR COMMITTEE OF THE BOARD FOR MERIT INCREASES AND BONUSES FOR THE VPS AND FOR THE CFO. THESE RECOMMENDATIONS WERE BASED ON THE GOALS AND OBJECTIVES ACHIEVED FOR THE YEAR. THE HR COMMITTEE MADE SOME REVISIONS TO THE PROPOSAL AND THEN SUBMITTED THEIR RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE REVIEWED AND APPROVED THE PROPOSAL FROM THE HR COMMITTEE AND THE INFORMATION WAS RECORDED AND COMMUNICATED TO THE VP OF HUMAN RESOURCES FOR IMPLEMENTATION.

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2024
Filed
8 December 2025
IRS schema version
2024v5.2
Source object
202543439349300444

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