2024-01-31T08:48:37-06:00 2023-09-30 134260189 BOISSELLE MORTON & WOLKOWICZ LLP 48 BAY ROAD PO BOX 374 HADLEY MA 01035 990 2022-10-01 223021942 VERMONT FOODBANK VERM 8024763341 33 PARKER ROAD BARRE VT 05641 LEESA STEWART CHIEF FINANCIAL OFFICER 8024763341 2024-01-30 1 LEESA STEWART 999009999 0 JOSEPH P WOLKOWICZ CPA P00734754 4135870099 2024-01-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN SAYLES 33 PARKER ROAD BARRE VT 05641 37644515 0 X WWW.VTFOODBANK.ORG X 1989 VT THE VERMONT FOODBANK IS THE STATE'S ONLY FOOD BANK AND AN INDEPENDENT NONPROFIT THAT IS PART OF THE FEEDING AMERICA NETWORK. OUR MISSION IS TO GATHER AND SHARE QUALITY FOOD AND NURTURE PARTNERSHIPS SO THAT NO ONE IN VERMONT WILL GO HUNGRY. WE PROVIDE NOURISHING FOOD THROUGH A NETWORK OF MORE THAN 320 COMMUNITY PARTNERS - FOOD SHELVES, MEAL SITES, SCHOOLS, HOSPITALS, AND HOUSING SITES. FOOD INSECURITY HAS INCREASED DRAMATICALLY AS A RESULT OF THE END OF THE PANDEMIC SUPPORTS AND ECONOMIC CRISIS; THE VERMONT FOODBANK HAS BEEN ON THE FRONT LINES, WORKING TO ENSURE THAT EVERYONE HAS THE FOOD THEY NEED. 10 10 105 696 0 0 36823066 32157838 0 17000 -118826 520129 115823 1368120 36820063 34063087 23343056 23161095 0 0 6709855 7539537 0 0 2671074 5063002 5981568 35115913 36682200 1704150 -2619113 37316599 35746376 1421344 2272200 35895255 33474176 X THE MISSION OF THE VERMONT FOODBANK IS TO GATHER AND SHARE QUALITY FOOD AND NURTURE PARTNERSHIPS SO THAT NO ONE IN VERMONT WILL GO HUNGRY. 0 0 32326648 23161095 17000 IN FISCAL YEAR 2023, THE VERMONT FOODBANK DISTRIBUTED 12.6 MILLION POUNDS OF DONATED FOOD, PRODUCE, USDA FOODS, AND PURCHASED FOOD DIRECTLY TO INDIVIDUALS AND MORE THAN 220 NETWORK PARTNERS. OF THAT, A RECORD 4.1 MILLION POUNDS WAS FRESH FRUITS AND VEGETABLES. AND A FULL 49% OF THE FOOD DISTRIBUTED WAS FRESH FOOD (PRODUCE, MEAT, AND DAIRY). THE VERMONT FOODBANK ALSO WORKED WITH MORE THAN 200 VERMONT FARMS TO GATHER AND SHARE MORE THAN 1.5 MILLION POUNDS OF LOCAL FOOD WORTH OVER $2.4 MILLION. DURING THE SAME PERIOD, THE FOODBANK FUNDED MORE THAN 480 GRANTS TOTALING ALMOST $2.7M TO NETWORK AND COMMUNITY PARTNER ORGANIZATIONS. THESE GRANTS, WHICH TOUCHED EVERY COUNTY IN VERMONT, DEEPENED OUR IMPACT AND HELPED SOLVE TARGETED CHALLENGES TO FOOD ACCESS IN LOCAL COMMUNITIES (EXAMPLES INCLUDE INCREASING REFRIGERATION CAPACITY TO ENABLING PURCHASING FRESH PRODUCE FROM LOCAL, SMALL-SCALE FARMS). THE FOODBANK WORKED WITH MORE THAN 21 PARTNERS, HOSPITALS, AND SCHOOLS TO HOST FRESH FOOD DISTRIBUTION EVENTS, PRIMARILY DRIVE-THRU, ACROSS ALL VERMONT COUNTIES, DISTRIBUTING FRESH FOODS TO AN AVERAGE OF 7600 HOUSEHOLDS A MONTH. THE VERMONT FOODBANK CONTINUES TO SEE SIGNIFICANT INCREASES IN EXPENSES OVER PRE-PANDEMIC BUDGETS. HOWEVER, INCREASES IN REVENUE ENABLED THE VERMONT FOODBANK TO CONFIDENTLY INCREASE ITS EXPENSES TO MEET A TREMENDOUS INCREASE IN FOOD INSECURITY IN VERMONT, BROUGHT ON BY THE GLOBAL PANDEMIC. REVENUE IN FISCAL YEAR 2023 MET PROJECTIONS, MAINLY THROUGH PRIVATE PHILANTHROPY AND A $2M APPROPRIATION FROM THE STATE OF VERMONT. A 2022 STUDY BY THE UNIVERSITY OF VERMONT SHOWS THAT 2 IN 5 PEOPLE IN VERMONT HAVE EXPERIENCED FOOD INSECURITY IN THE 12 MONTHS PRIOR. THIS DATA IS SUPPORTED BY 2022 DATA SHARED BY THE USDA. THESE STUDIES SHOW THAT FOOD INSECURITY IS FAR HIGHER THAN THE 9.6% FOOD INSECURITY RATE VERMONT SAW BEFORE THE CASCADING CRISES OF THE PAST THREE YEARS, AND IS ALSO HIGHER THAN AT ANY POINT IN 2020 OR 2021. THIS SUMMER'S CATASTROPHIC FLOODING AROUND THE STATE CREATED AN ADDITIONAL CRISIS FOR OUR NEIGHBORS EXPERIENCING HUNGER AND HAS PUT ADDITIONAL PRESSURE ON THE CHARITABLE AND EMERGENCY FOOD NETWORK. THIS LEVEL OF NEED IS BEYOND WHAT OUR NETWORK OF COMMUNITY ORGANIZATIONS WAS BUILT TO ADDRESS. THE NEED WAS MADE STARKER WITH THE END OF FEDERAL PANDEMIC-ERA PROGRAMS SUPPORTING OUR NEIGHBORS' NUTRITION NEEDS. THIS WAS FELT PARTICULARLY STRONGLY AMONG NEIGHBORS WHO ARE LEAST ABLE TO ADJUST QUICKLY TO THESE CHANGING CIRCUMSTANCES. SINCE SNAP (3SQUARESVT) EMERGENCY ALLOTMENTS ENDED IN APRIL 2023 (AN AVERAGE OF $500/MONTH IN LOST BENEFITS PER FAMILY, AFFECTING 40,000 HOUSEHOLDS), THE FOODBANK'S NETWORK OF FOOD PANTRIES, FOOD SHELVES, AND MEAL SITES HAS SEEN A MARKED INCREASE IN VISITS. IN JUNE 2023, VF DISTRIBUTED 988,913 LBS. OF FOOD. IN AUGUST IT WAS 1.42 MILLION LBS. - A 44% INCREASE. WE ANTICIPATE THAT THIS LEVEL OF NEED WILL CONTINUE TO REMAIN HIGH, ESPECIALLY IN FLOOD IMPACTED REGIONS.THE VERMONT FOODBANK, THE STATE'S ONLY FOOD BANK, IS AN INTEGRAL PART OF EMERGENCY RESPONSE IN THE STATE OF VERMONT. INCREASED REVENUE HAS ENABLED THE VERMONT FOODBANK TO: PURCHASE MORE FOOD TO MEET THE NEEDS OF NEIGHBORS, INCLUDING AN INCREASE IN LOCAL FOOD PURCHASES; INCREASE THE PERCENTAGE OF FRESH FOODS (FRUITS, VEGETABLES, DAIRY AND PROTEINS) BEING DISTRIBUTED STATE-WIDE; PROVIDE INCREASED, DIRECT FINANCIAL SUPPORT TO COMMUNITY PARTNERS, INCLUDING FOOD SHELVES, FARMS, AND FOOD ACCESS PROGRAMS (OFTEN SMALLER NON-PROFITS WITHOUT CAPACITY FOR FUNDRAISING AND/OR GRANT MANAGEMENT); CREATE NEW FOOD DISTRIBUTION MECHANISMS TO BOTH MEET INCREASED NEEDS AND DO SO SAFELY IN THE MIDST OF THE GLOBAL PANDEMIC; INVEST IN NEW IDEAS TO INCREASE FOOD ACCESS (HOPEFULLY REDUCING FUTURE NEED FOR LARGER-SCALE EMERGENCY RESPONSE); AND TO HAVE NECESSARY RESERVES TO CONTINUE TO SERVE AS AN INTEGRAL PART OF BOTH "NORMAL AND EMERGENCY RESPONSE CHARITABLE FOOD DISTRIBUTION/FOOD ACCESS IN THE STATE OF VERMONT. 32326648 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 42 0 1 105 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VT FL MA NH NY RI X X LEESA STEWART 8024763341 33 PARKER ROAD BARRE VT 05641 AMY DAVENPORT TRUSTEE 2.00 X 0 0 0 WILL EBERLE TRUSTEE 2.00 X 0 0 0 MICHAEL HOURIGAN TRUSTEE 2.00 X 0 0 0 BRUCE NASH TRUSTEE 2.00 X 0 0 0 DR JACOB PARK TRUSTEE 2.00 X 0 0 0 MELISSA ROBERGE TRUSTEE 2.00 X 0 0 0 LIZ RUFFA TRUSTEE 2.00 X 0 0 0 JEFF TIEMAN TRUSTEE "PAST" 2.00 X 0 0 0 MITZI JOHNSON CHAIR 2.00 X X 0 0 0 PENROSE JACKSON VICE-CHAIR 2.00 X X 0 0 0 MARTHA TROMBLEY OAKES SECRETARY 2.00 X X 0 0 0 JOHN SAYLES CHIEF EXECUTIVE OFFICER 40.00 X 174669 0 30017 JULIE-ANN GRAVES CHIEF FINANCIAL OFFICER 40.00 X 131123 0 22432 JASON MARING CHIEF OPERATIONS OFFICER 40.00 X 121040 0 27609 CHRIS MEEHAN CHIEF COMMUNITY IMPACT OFFICER 40.00 X 108603 0 29004 ALLISON MINDEL CHIEF PHILANTHROPY OFFICER 40.00 X 106220 0 28956 HILLARY ORSINI CHIEF OF STAFF 40.00 X 103483 0 1708 745138 0 139726 6 0 1 0 0 6777760 25380078 17932261 32157838 MEMBERSHIP & DELIVERY FEES 624210 17000 17000 17000 487185 487185 2827745 2794801 32944 32944 32944 2031603 786627 1244976 1244976 MISCELLANEOUS 900099 123144 123144 123144 34063087 1261976 0 643273 17676625 17676625 5484470 5484470 297746 272604 25142 5319747 3584995 713218 1021534 130119 76292 24024 29803 1365273 878043 238405 248825 426652 272282 74874 79496 3456 3456 23150 23150 210754 16858 192417 1479 364570 225587 53607 85376 44313 32346 5804 6163 526438 499628 14401 12409 33002 24195 1595 7212 119827 77643 15420 26764 324605 290673 18227 15705 89934 80615 3501 5818 OTHER PROGRAM EXPENSES 1426807 1426807 FUNDRAISING 834460 834460 VEHICLE EXPENSES 471892 471892 WAREHOUSE SUPPLIES 426575 426575 1081785 781122 29775 270888 36682200 32326648 1684478 2671074 738996 459111 192453 193108 6762492 1336758 100813 1676175 2562413 88077 86467 13693271 3828386 7624683 9864885 20233723 19880361 0 1262460 37316599 35746376 1421344 1009740 0 1262460 1421344 2272200 X 32266089 32675159 3629166 799017 35895255 33474176 37316599 35746376 -2619113 249855 -51821 0 X X 0 1 X 1 1 1 X 26021519 42933981 49684087 36823066 32157838 187620491 26021519 42933981 49684087 36823066 32157838 187620491 187620491 167066 133179 95131 232823 487185 1115384 278837 123553 64337 115823 123144 705694 189441569 369698 0.99040 0.99230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 38453 0 0 38453 0 PART II-B, LINE 1: OUR LOBBYING ACTIVITY RELATED TO FUNDING REQUESTS TO SUPPORT FOOD PURCHASE AND DISTRIBUTION TO VERMONTERS EXPERIENCING FOOD INSECURITY. 88097 88097 11421873 2418675 9003198 1539580 977454 562126 643721 432257 211464 9864885 LEASE LIABILITY 1262460 1262460 X 35136903 249855 37334 786627 1073816 34063087 0 34063087 37557982 37334 786627 823961 36734021 -51821 -51821 36682200 PART X, LINE 2: THE FOODBANK IS REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. THE FOODBANK IS ALSO SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE FOODBANK'S EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THAT THE FOODBANK IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 786,627. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 786,627. 1 NETWORK & COMMUNITY PARTNERS 33 PARKER ROAD BARRE VT 05641 2328409 15348216 FMV URGENT NEEDS FUND URGENT NEEDS FUND VARIOUS INDIVIDUALS 5484470 FMV FOOD INVENTORY X X 0 0 0 0 0 0 0 0 0 JOHN SAYLES CHIEF EXECUTIVE OFFICER 174669 0 0 0 0 0 5086 0 24931 0 204686 0 0 0 JULIE-ANN GRAVES CHIEF FINANCIAL OFFICER 131123 0 0 0 0 0 3976 0 18456 0 153555 0 0 0 X 17932261 FEEDING AMERICA GUIDE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS A DRAFT OF THE 990, WHICH IS THEN PRESENTED AT THE JANUARY BOARD MEETING BY THE ORGANIZATION'S AUDIT FIRM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN CONFLICT OF INTEREST STATEMENTS WHEN THEY JOIN AND THEN ANNUALLY. THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER REVIEW THE CONFLICT OF INTEREST STATEMENTS EACH JANAUARY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO HAS A YEARLY REVIEW WITH THE BOARD OF DIRECTORS, WHO THEN SET THE CEO'S COMPENSATION. THE BOARD ANNUALLY COMPARES COMPENSATION WITH SIMILAR ORGANIZATIONS. THE ORGANIZATION DETERMINES COMPENSATION OF THE ORGANIZATIONS' STAFF ANNUALLY BY USING COMPARABILITY STUDIES DONE BY FEEDING AMERICA AND OTHER NONPROFIT SURVEYS IN VERMONT. FORM 990, PART VI, SECTION C, LINE 19 VERMONT FOODBANK MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S PROCESS FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT DID NOT CHANGE DURING THE TAX YEAR.