Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $654,918

• 1f · All other contributions, gifts and grants

  $43,669

• 3 · Investment income

  total $283,602 · excluded $283,602

• 7a · Gross sales of assets other than inventory

  securities $4,952,126

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

  securities $4,793,736

• 7c · Gain or loss

  securities $158,390

• 7d · Net gain or loss

  total $158,390 · excluded $158,390

• 8a · Fundraising events: gross income

  $65,200

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

  $654,918

• 8b · Fundraising events: direct expenses

  $468,846

• 8c · Net income from fundraising events

  total -$403,646 · excluded -$403,646

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $155,000 · program services $155,000

• 2 · Grants to domestic individuals

  total $45,000 · program services $45,000

• 11b · Fees: legal

  total $6,946 · program services $5,888 · fundraising $1,058

• 11c · Fees: accounting

  total $10,000 · management and general $10,000

• 11f · Fees: investment management

  total $83,099 · management and general $83,099

• 11g · Fees: other

  total $211,400 · program services $211,400

• 13 · Office expenses

  total $679 · program services $266 · management and general $413

• 14 · Information technology

  total $5,908 · program services $5,104 · management and general $804

• 17 · Travel

  total $5,354 · program services $1,785 · management and general $3,569

• 19 · Conferences, conventions and meetings

  total $2,787 · program services $710 · management and general $2,077

• 22 · Depreciation, depletion and amortization

  total $11,647 · program services $6,592 · fundraising $5,055

• 24a · Other expenses: PROGRAM ADMINISTRATION

  total $423,237 · program services $106,923 · management and general $248,067 · fundraising $68,247

• 24b · Other expenses: GIFTS & AWARDS

  total $1,099 · program services $954 · management and general $145

• 24c · Other expenses: DUES & REGISTRATIONS

  total $1,052 · program services $743 · management and general $309

• 24d · Other expenses: SURVEY DATA

  total $964 · program services $964

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $103,957 · end of year $309,497

• 4 · Accounts receivable

  beginning of year $70,000 · end of year $1,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $36,442 · end of year $24,476

• 11 · Investments: publicly traded securities

  beginning of year $10,391,501 · end of year $11,827,007

• 17 · Accounts payable and accrued expenses

  beginning of year $58,288 · end of year $150

• 19 · Deferred revenue

  beginning of year $382,618 · end of year $322,500

• 25 · Other liabilities

  beginning of year $193,163 · end of year $1,022,125

• 27 · Net assets without donor restrictions

  beginning of year $9,967,831 · end of year $10,817,205

The filer's explanations (Part III)

PART I, LINE 3

THE FOUNDATION DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF THE FOOD MARKETPLACE INC. (FMI), A RELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(6). ON AN ANNUAL BASIS, FOR FMI'S CEO AND OTHER SENIOR EXECUTIVE POSITIONS, A COMPENSATION COMMITTEE, COMPRISED OF CURRENT AND PAST BOARD OFFICERS, REVIEWS EMPLOYEE PERFORMANCE AND MAKES COMPENSATION ADJUSTMENTS ON THE BASIS OF THIS PERFORMANCE IN CONJUNCTION WITH A REVIEW OF MARKET-BASED, PUBLICALLY AVAILABLE, COMPARABILITY DATA. PERIODICALLY, FMI USES THE SERVICES OF AN INDEPENDENT CONSULTANT TO DO A MORE THOROUGH REVIEW OF COMPENSATION RANGES FOR ALL STAFF POSITIONS.

PART I, LINE 4B

LESLIE G. SARASIN, PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN DURING THE YEAR ENDING DECEMBER 31, 2023. THE ORGANIZATION MADE A CONTRIBUTION FOR 2023 TO THE PLAN OF $400,000.