2023-02-14T11:41:36-06:00 2022-09-30 134260189 BOISSELLE MORTON & WOLKOWICZ LLP 48 BAY ROAD PO BOX 374 HADLEY MA 01035 990 2021-10-01 223021942 VERMONT FOODBANK VERM 8024763341 33 PARKER ROAD BARRE VT 05641 JULIE-ANN GRAVES CHIEF FINANCIAL OFFICER 8024763341 2023-02-09 1 JULIE-ANN GRAVES 999009999 JOSEPH P WOLKOWICZ CPA P00734754 4135870099 2023-02-09 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z JOHN SAYLES 33 PARKER ROAD BARRE VT 05641 62502997 0 X WWW.VTFOODBANK.ORG X 1989 VT THE VERMONT FOODBANK IS THE STATE'S ONLY FOODBANK AND AN INDEPENDENT NON-PROFIT 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 300 COMMUNITY PARTNERS - FOOD SHELVES, MEAL SITES, SCHOOLS, HOSPITALS, AND HOUSING SITES. FOOD INSECURITY HAS INCREASED DRAMATICALLY AS A RESULT OF THE PANDEMIC AND THE VERMONT FOODBANK HAS BEEN ON THE FRONT LINES, WORKING TO ENSURE THAT EVERYONE HAS THE FOOD THEY NEED. 9 9 87 691 0 0 49684087 36823066 0 0 263580 -118826 204380 115823 50152047 36820063 28559339 23343056 0 0 5205723 6709855 0 0 2355272 4723379 5063002 38488441 35115913 11663606 1704150 36203643 37316599 591089 1421344 35612554 35895255 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 31157383 23343056 IN FISCAL YEAR 2022, THE VERMONT FOODBANK DISTRIBUTED 12.5 MILLION POUNDS OF DONATED FOOD, PRODUCE, USDA FOODS, AND PURCHASED FOOD DIRECTLY TO INDIVIDUALS AND MORE THAN 220 NETWORK PARTNERS. OF THAT, 4 MILLION POUNDS WAS FRESH FRUITS AND VEGETABLES, AND A FULL 53% 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 340 GRANTS TOTALING MORE THAN $2.8M 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 25 PARTNERS, HOSPITALS, AND SCHOOLS TO HOST FRESH FOOD DISTRIBUTION EVENTS, PRIMARILY DRIVE-THRU, ACROSS ALL VERMONT COUNTIES, DISTRIBUTING FRESH FOODS TO AN AVERAGE OF 7400 HOUSEHOLDS A MONTH. SOME LOCATIONS ARE SEEING THEIR HIGHEST DAILY ATTENDANCE SINCE THE BEGINNING OF THE PANDEMIC AND AN 111% INCREASE FROM 2021 IN THE AVERAGE NUMBER OF HOUSEHOLDS SERVED PER 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.RESEARCH BY THE UNIVERSITY OF VERMONT SHOWS THAT IN THE PAST YEAR 2 IN 5 PEOPLE IN VERMONT HAVE EXPERIENCED FOOD INSECURITY. THIS DATA SUPPORTS WHAT THE FOODBANK AND ITS PARTNERS HAVE BEEN SEEING IN COMMUNITIES ACROSS THE STATE - A SUSTAINED HIGH DEMAND FOR CHARITABLE FOOD. BEFORE THE PANDEMIC, THE RATE OF FOOD INSECURITY WAS DECREASING IN VERMONT. HOWEVER, IN 2019 FOOD INSECURITY RATES HAD BARELY RETURNED TO THE RATES WE SAW BEFORE THE GREAT RECESSION IN 2008. IT TOOK A DECADE FOR FOOD INSECURITY RATES IN VERMONT TO RECOVER TO PRE-RECESSION LEVELS. THE COVID-19 PANDEMIC REVERSED THE TRAJECTORY OF FOOD INSECURITY, AND IN 2020, WE SAW A STEEP INCREASE IN THE RATE OF FOOD INSECURITY IN VERMONT. WE ANTICIPATE IT WILL TAKE AT LEAST ANOTHER DECADE FOR VERMONT TO RECOVER TO PRE-PANDEMIC FOOD SECURITY RATES.DURING THE PANDEMIC, INCREASED FEDERAL AND STATE SUPPORTS INCLUDING FUNDING FOR FOOD BOXES, HIGHER SNAP BENEFITS, AND STIMULUS FUNDS SUPPORTED PEOPLE ACROSS THE STATE AND HELPED TO KEEP PEOPLE FED. AS THOSE BENEFITS AND SUPPORTS END, AND COSTS OF EVERYDAY ESSENTIALS INCREASE, WE HAVE SEEN FOOD INSECURITY INCREASE TO LEVELS THAT ARE EVEN HIGHER THAN THEY WERE AT THE HEIGHT OF THE PANDEMIC.REVENUE IN FISCAL YEAR 2022 EXCEEDED PROJECTIONS FOR A THIRD FISCAL YEAR IN A ROW, MAINLY THROUGH PRIVATE PHILANTHROPY AND A ONE-TIME, $6 MILLION ALLOCATION OF AMERICAN RESCUE PLAN ACT FUNDS VIA THE STATE OF VERMONT. 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. 31157383 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 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 28 0 1 87 1 0 0 0 0 0 0 1 2 0 0 0 0 0 X 9 9 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 JULIE-ANN GRAVES 8024763341 33 PARKER ROAD BARRE VT 05641 SAMARA BUSHEY TRUSTEE 2.00 X 0 0 0 AMY DAVENPORT 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 LIZ RUFFA TRUSTEE 2.00 X 0 0 0 JEFF TIEMAN TRUSTEE 2.00 X 0 0 0 PENROSE JACKSON CHAIR 2.00 X X 0 0 0 MITZI JOHNSON 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 162968 0 29820 JULIE-ANN GRAVES CHIEF FINANCIAL OFFICER 40.00 X 114438 0 21889 JASON MARING CHIEF OPERATIONS OFFICER 40.00 X 108643 0 27233 CHRIS MEEHAN CHIEF IMPACT OFFICER 40.00 X 101862 0 27615 487911 0 106557 6 0 1 0 0 11261393 25561673 15897349 36823066 232823 232823 25316785 14500 25372268 310666 -55483 -296166 -351649 -351649 MISCELLANEOUS 900099 115823 115823 115823 36820063 0 0 -3003 17402681 17402681 5940375 5940375 300312 275030 25282 4881142 3192582 726222 962338 119796 77033 19905 22858 1018515 624343 200060 194112 390090 240356 75380 74354 7782 7782 14900 14900 130592 1280 128413 899 281452 175033 40449 65970 68187 41591 13389 13207 558480 514484 22084 21912 18118 13052 1984 3082 114120 66912 21749 25459 315927 271784 22158 21985 82475 64903 7229 10343 OTHER PROGRAM EXPENSES 810704 810704 FUNDRAISING 762568 762568 CONTRACTED LABOR 504973 423581 81392 WAREHOUSE SUPPLIES 474073 474073 918651 822616 26524 69511 35115913 31157383 1603258 2355272 365023 738996 192029 192453 1320911 6762492 23293 0 2069328 1676175 50202 88077 11198189 3573506 4259566 7624683 27923291 20233723 36203643 37316599 591089 1421344 591089 1421344 X 30957258 32266089 4655296 3629166 35612554 35895255 36203643 37316599 1704150 -1377346 -44103 0 X X 0 1 X 1 1 1 X 26189920 26021519 42933981 49684087 36823066 181652573 26189920 26021519 42933981 49684087 36823066 181652573 181652573 71981 167066 133179 95131 232823 700180 131170 278837 123553 64337 115823 713720 183066473 567280 0.99230 0.99260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 52050 0 0 52050 0 PART II-B, LINE 1: OUR LOBBYING ACTIVITY RELATED TO FUNDING REQUESTS TO SUPPORT FOOD PURCHASE AND DISTRIBUTION TO VERMONTERS EXPERIENCING FOOD INSECURITY. 88907 88907 9224633 2224913 6999720 1105225 927826 177399 779424 420767 358657 7624683 X 37221696 49984 49984 37171712 -351649 -351649 36820063 35165897 49984 49984 35115913 0 35115913 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 4B - OTHER ADJUSTMENTS: NET LOSS ON DISPOSAL OF EQUIPMENT -296,166. NET REALIZED LOSS ON SALE OF INVESTMENTS -55,483. 1 VARIOUS FOODSHELVES 33 PARKER ROAD BARRE VT 05641 2434868 14967813 FMV URGENT NEEDS FUND URGENT NEEDS FUND VARIOUS INDIVIDUALS 5940375 FMV FOOD INVENTORY X X 0 0 0 0 0 0 0 0 0 JOHN SAYLES CHIEF EXECUTIVE OFFICER 162968 0 0 0 0 0 4889 0 24931 0 192788 0 0 0 X FEEDING AMERICA GUIDE 2 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.