Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $202,638

• 1c · Fundraising events

  $374,284

• 1e · Government grants (contributions)

  $2,337,023

• 1f · All other contributions, gifts and grants

  $97,756,750

• 1g · Noncash contributions included above

  $85,850,403

• 3 · Investment income

  total $888,310 · unrelated business -$25,546 · excluded $913,856

• 7a · Gross sales of assets other than inventory

  securities $4,500,000

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

  securities $4,309,154

• 7c · Gain or loss

  securities $190,846

• 7d · Net gain or loss

  total $190,846 · excluded $190,846

• 8a · Fundraising events: gross income

  $75,713

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

  $374,284

• 8b · Fundraising events: direct expenses

  $105,340

• 8c · Net income from fundraising events

  total -$29,627 · excluded -$29,627

• 11a · Other revenue: SECURITY DEPOSIT

  total $100,000 · related or exempt $100,000

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $29,427 · related or exempt $29,427

• 11e · Other revenue, total

  $129,427

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,079,000 · program services $1,079,000

• 5 · Compensation of officers, directors and key employees

  total $1,787,286 · program services $1,299,150 · management and general $233,340 · fundraising $254,796

• 7 · Other salaries and wages

  total $5,870,173 · program services $4,266,937 · management and general $766,383 · fundraising $836,853

• 8 · Pension plan contributions

  total $317,598 · program services $228,843 · management and general $40,705 · fundraising $48,050

• 9 · Other employee benefits

  total $656,330 · program services $472,857 · management and general $86,361 · fundraising $97,112

• 10 · Payroll taxes

  total $519,801 · program services $374,540 · management and general $66,620 · fundraising $78,641

• 11b · Fees: legal

  total $35,446 · management and general $35,446

• 11c · Fees: accounting

  total $46,521 · management and general $46,521

• 11d · Fees: lobbying

  total $10,021 · management and general $10,021

• 11e · Fees: professional fundraising services

  total $832,305 · fundraising $832,305

• 11g · Fees: other

  total $392,063 · program services $247,017 · management and general $79,397 · fundraising $65,649

• 12 · Advertising and promotion

  total $425,536 · fundraising $425,536

• 13 · Office expenses

  total $1,106,838 · program services $846,613 · management and general $86,309 · fundraising $173,916

• 14 · Information technology

  total $504,561 · program services $337,576 · management and general $107,732 · fundraising $59,253

• 16 · Occupancy

  total $833,745 · program services $654,517 · management and general $115,631 · fundraising $63,597

• 17 · Travel

  total $317,201 · program services $313,880 · management and general $659 · fundraising $2,662

• 19 · Conferences, conventions and meetings

  total $134,726 · program services $32,889 · management and general $96,501 · fundraising $5,336

• 22 · Depreciation, depletion and amortization

  total $1,347,927 · program services $1,218,356 · management and general $83,594 · fundraising $45,977

• 23 · Insurance

  total $331,884 · program services $307,913 · management and general $15,465 · fundraising $8,506

• 24a · Other expenses: UNRELATED BUSINESS INCO

  total $5,225 · program services $5,225

• 24b · Other expenses: DISTRIBUTED FOOD

  total $86,954,720 · program services $86,954,720

• 24c · Other expenses: SUPPLIES AND MAINT.

  total $805,042 · program services $805,042

• 24d · Other expenses: FOOD ACQUISITION

  total $674,981 · program services $674,981

• 24e · All other expenses

  total $486,820 · program services $111,521 · management and general $218,885 · fundraising $156,414

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $23,688,252 · end of year $12,719,961

• 2 · Savings and temporary cash investments

  beginning of year $167,653 · end of year $108,722

• 3 · Pledges and grants receivable

  beginning of year $2,508,227 · end of year $1,402,306

• 8 · Inventories for sale or use

  beginning of year $3,736,034 · end of year $2,565,164

• 9 · Prepaid expenses and deferred charges

  beginning of year $217,389 · end of year $447,547

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

  $24,458,181

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

  $6,958,717

• 10c · Land, buildings and equipment, net

  beginning of year $19,354,200 · end of year $17,499,464

• 11 · Investments: publicly traded securities

  beginning of year $4,525,362 · end of year $13,431,195

• 12 · Investments: other securities

  beginning of year $13,440,039 · end of year $15,132,957

• 15 · Other assets

  beginning of year $0 · end of year $2,172,587

• 17 · Accounts payable and accrued expenses

  beginning of year $1,191,825 · end of year $1,134,583

• 19 · Deferred revenue

  beginning of year $210,000 · end of year $40,000

• 27 · Net assets without donor restrictions

  beginning of year $64,340,781 · end of year $63,483,600

• 28 · Net assets with donor restrictions

  beginning of year $1,894,550 · end of year $821,720

Itemized on Schedule J with no Part VII listing of the same name on this return:

The filer's explanations (Part III)

PART I, LINE 1B

THE BOARD DETERMINED THAT SOCIAL CLUB DUES WOULD BE PAID FOR THE CEO SINCE THE CLUB WOULD BE USED FOR BUSINESS ACTIVITIES ON BEHALF OF FORGOTTEN HARVEST. SKYLINE CLUB DUES ARE PAID FOR THE CDO TO HOST FUNDRAISING ACTIVITIES. THESE DUES ARE NOT INCLUDED IN W-2 WAGES.

PART I, LINE 4A

KIRK MAYES RECEIVED SEVERANCE OF $265,000 DURING THE YEAR.

Disregarded entities

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

• FORGOTTEN HARVEST FARMS LLC

  AGRICULTURE · MI · income $0 · assets $0

  Directly controlled by FORGOTTEN HARVEST