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Nonprofiteer
← FOODLINK FOUNDATION INC

Form 990 for tax year 2023

Filed by FOODLINK FOUNDATION INC.

Totals

Total revenue
$807,816
Total expenses
$603,385
Contributions and grants received
$173,099
Grants paid
$134,324
Program service revenue
$0
Investment income
$121,275
Other revenue
$513,442
Total assets, end of year
$11,803,993
Total liabilities, end of year
$2,505,097
Net assets or fund balances, end of year
$9,298,896
Program services expenses (Part IX)
$524,522
Management and general expenses
$78,734
Fundraising expenses
$129
Program service expenses (Part III)
$524,522

Program services were 86.9% 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

    $173,099

  • 3 · Investment income

    total $121,275 · excluded $121,275

  • 6a · Gross rents

    real property $513,442

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $513,442

  • 6d · Net rental income or loss

    total $513,442 · excluded $513,442

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $134,324 · program services $134,324

  • 11b · Fees: legal

    total $12,859 · program services $8,575 · management and general $4,284

  • 11c · Fees: accounting

    total $3,500 · management and general $3,500

  • 13 · Office expenses

    total $1,368 · program services $1,060 · management and general $308

  • 16 · Occupancy

    total $126,488 · program services $125,058 · management and general $1,430

  • 20 · Interest

    total $116,017 · program services $116,017

  • 22 · Depreciation, depletion and amortization

    total $133,229 · program services $133,229

  • 24a · Other expenses: CONTRACTED SERVICES

    total $47,710 · program services $5,426 · management and general $42,155 · fundraising $129

  • 24b · Other expenses: BANK FEES

    total $27,522 · program services $833 · management and general $26,689

  • 24c · Other expenses: OTHER

    total $368 · management and general $368

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $234,622 · end of year $489,547

  • 4 · Accounts receivable

    beginning of year $21,854 · end of year $0

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

    $4,835,726

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

    $246,801

  • 10c · Land, buildings and equipment, net

    beginning of year $4,722,154 · end of year $4,588,925

  • 11 · Investments: publicly traded securities

    beginning of year $6,170,059 · end of year $6,725,521

  • 15 · Other assets

    beginning of year $57,767 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,862 · end of year $490

  • 23 · Secured mortgages and notes payable

    beginning of year $2,443,590 · end of year $2,364,600

  • 25 · Other liabilities

    beginning of year $11,090 · end of year $140,007

  • 27 · Net assets without donor restrictions

    beginning of year $7,805,660 · end of year $8,315,684

  • 28 · Net assets with donor restrictions

    beginning of year $876,254 · end of year $983,212

Mission and programs · 2023

Mission

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

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

    Expenses $524,522 · Grants $134,324

As filed on the 2023 return.

Listed in Part VII

  • George Wiedemer

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Julie Camardo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • James Grossman

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Fernando Santiago

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • John Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Arline Santiago

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph Casion

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Julia Tedesco

    PRESIDENT & CHIEF EXECUTIVE

    Total calculated
    $265,449
    From this org
    $0
    From related orgs
    $217,939
    Other
    $47,510
    Hours/week
    7 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,939 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,095 related
    Nontaxable benefits
    $0 + $32,415 related
    Filer's total
    $0 + $265,449 related

  • Terra Keller

    COO/CFO

    Total calculated
    $219,913
    From this org
    $0
    From related orgs
    $175,361
    Other
    $44,552
    Hours/week
    7 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,361 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,137 related
    Nontaxable benefits
    $0 + $32,415 related
    Filer's total
    $0 + $219,913 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 December 2024
IRS schema version
2023v5.1
Source object
202423449349300312

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