2022-02-14T12:16:07-06:00 2021-09-30 134260189 BOISSELLE MORTON & WOLKOWICZ LLP 48 BAY ROAD PO BOX 374 HADLEY MA 01035 990 2020-10-01 223021942 VERMONT FOODBANK VERM 8024763341 33 PARKER ROAD BARRE VT 05641 JULIE-ANN GRAVES CHIEF FINANCIAL OFFICER 8024763341 2022-02-11 1 JULIE-ANN GRAVES 999009999 JOSEPH P WOLKOWICZ CPA P00734754 4135870099 2022-02-11 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOHN SAYLES 33 PARKER ROAD BARRE VT 05641 77518299 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 80 729 0 0 45659054 49684087 132169 0 108010 263580 -1410697 204380 44488536 50152047 25511361 28559339 0 0 4437417 5205723 0 0 2008106 4480803 4723379 34429581 38488441 10058955 11663606 24950498 36203643 1040609 591089 23909889 35612554 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 35359471 28559339 IN FISCAL YEAR 2021, THE VERMONT FOODBANK DISTRIBUTED 17.6 MILLION POUNDS OF DONATED FOOD, PRODUCE, USDA FOODS AND PURCHASED FOOD DIRECTLY TO INDIVIDUALS AND TO 224 NETWORK PARTNERS. OF THAT A RECORD 4.8 MILLION POUNDS WAS FRESH FRUITS AND VEGETABLES, AND A FULL 61% OF THE FOOD DISTRIBUTED WAS FRESH FOOD (PRODUCE, MEAT, AND DAIRY). THE VERMONT FOODBANK ALSO WORKED WITH MORE THAN 160 VERMONT FARMS TO GATHER AND SHARE MORE THAN 1.5 MILLION POUNDS OF LOCAL FOOD. DURING THE SAME PERIOD, THE FOODBANK FUNDED 386 COMMUNITY GRANTS TOTALING MORE THAN $1.5M TO COMMUNITY PARTNER ORGANIZATIONS, IN EVERY COUNTY ACROSS THE STATE. (CONTINUED ON SCHEDULE O)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 ENABLE THE PURCHASE OF FRESH PRODUCE FROM LOCAL, SMALL-SCALE FARMS). THE FOODBANK AND ITS PARTNERS HOSTED 438 DRIVE-THRU FOOD BOX DISTRIBUTIONS IN ALL 14 COUNTIES OF VERMONT IN THE FIRST 16 MONTHS OF THE PANDEMIC. THE LAST OF THE NEW DRIVE-THRU FOOD BOX PROGRAMS, FULL PLATES VT, DISTRIBUTED 40,000 BOXES ALONE FROM JUST JUNE THROUGH SEPTEMBER 2021. VEGGIE VAN GO, THE FOODBANK'S PRODUCE-BASED EVENTS HELD AT HOSPITALS AND SCHOOLS ACROSS THE STATE, CONTINUES AS DRIVE-THRU EVENTS ACROSS ALL VERMONT COUNTIES, DISTRIBUTING FRESH FOODS TO AN AVERAGE OF 3,500 HOUSEHOLDS A MONTH OR 109,000 HOUSEHOLDS SINCE THE PANDEMIC BEGAN. 35359471 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 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 31 0 1 80 1 0 0 0 0 0 0 1 3 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 VESTA BOVAIR TRUSTEE "PAST" 2.00 X 0 0 0 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 MITZI JOHNSON TRUSTEE 2.00 X 0 0 0 DOUG LANTAGNE TRUSTEE "PAST" 2.00 X 0 0 0 BRUCE NASH TRUSTEE 2.00 X 0 0 0 LIZ RUFFA TRUSTEE 2.00 X 0 0 0 JAN SCITES TRUSTEE "PAST" 2.00 X 0 0 0 JOSEPH ZUARO TRUSTEE "PAST" 2.00 X 0 0 0 JEFF TIEMAN 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 165914 0 30119 JULIE-ANN GRAVES CHIEF FINANCIAL OFFICER 40.00 X 114131 0 21434 CHRIS MEEHAN CHIEF IMPACT OFFICER 40.00 X 111502 0 27536 JASON MARING CHIEF OPERATIONS OFFICER 40.00 X 107971 0 26647 ALLISON MINDEL CHIEF PHILANTHROPY OFFICER 40.00 X 101543 0 28080 601061 0 133816 5 0 1 0 0 X 8576385 41107702 21772045 49684087 95131 95131 27086386 5900 26915073 8764 171313 -2864 168449 168449 582458 442415 140043 140043 MISCELLANEOUS 900099 64337 64337 64337 50152047 140043 0 327917 25175802 25175802 3383537 3383537 267509 54252 190006 23251 3670176 2477087 525795 667294 97354 62768 13572 21014 871634 575334 162573 133727 299050 177055 54362 67633 3009 3009 16700 16700 42695 2979 38695 1021 220097 135730 26706 57661 72463 46075 13431 12957 434343 404477 15081 14785 12082 9186 1321 1575 71870 46481 12119 13270 301010 260698 20356 19956 95366 70329 11686 13351 CONTRACTED LABOR 873345 763051 110294 FUNDRAISING 806645 806645 OTHER PROGRAM EXPENSES 741068 741068 VEHICLE EXPENSES 421972 421972 610714 551590 15452 43672 38488441 35359471 1120864 2008106 25226 365023 191132 192029 4499257 1320911 20787 23293 2566647 2069328 41513 50202 7955126 3695560 3911312 4259566 13694624 27923291 24950498 36203643 382148 591089 658461 0 1040609 591089 X 19281005 30957258 4628884 4655296 23909889 35612554 24950498 36203643 11663606 64477 -25418 0 X X 0 1 X 1 1 1 X 23387035 26189920 26021519 42933981 49684087 168216542 23387035 26189920 26021519 42933981 49684087 168216542 168216542 19988 71981 167066 133179 95131 487345 177084 131170 278837 123553 64337 774981 169478868 766695 0.99260 0.99100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 49200 0 0 49200 0 PART II-B, LINE 1: ADVOCACY CAMPAIGN RELATED TO VERMONTERS FEEDING VERMONTERS. 88907 88907 5926281 2211413 3714868 1203681 1056221 147460 736257 427926 308331 4259566 50770019 64477 108216 442415 615108 50154911 -2864 -2864 50152047 39067354 108216 2864 442415 553495 38513859 -25418 -25418 38488441 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 442,415. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET LOSS ON DISPOSAL OF EQUIPMENT -2,864. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 442,415. 1 VARIOUS FOODSHELVES 33 PARKER ROAD BARRE VT 05641 1411636 23764166 FMV URGENT NEEDS FUND URGENT NEEDS FUND VARIOUS INDIVIDUALS 3383537 FMV FOOD INVENTORY X X 0 0 0 0 0 0 0 0 0 JOHN SAYLES CHIEF EXECUTIVE OFFICER 165914 0 0 0 0 0 4977 0 25142 0 196033 0 0 0 X 21772045 FEEDING AMERICA GUIDE 3 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. FORM 990, PART VIII ADDITIONAL FUNDING DUE TO COVID-19 NOTES: THE VERMONT FOODBANK HAD AN 80% INCREASE IN EXPENSES OVER PRE-PANDEMIC PROJECTED BUDGET IN FY21 (PROJECTED BUDGET FOR FY20 VERSUS ACTUAL BUDGET IN FY21). 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 JUST OVER 1 IN 3 PEOPLE IN VERMONT EXPERIENCED FOOD INSECURITY BETWEEN MARCH 2020 AND MARCH 2021, AND THAT AS-OF MARCH 2021, 61.9% OF THOSE REPORTING FOOD INSECURITY DURING THIS TIME REMAINED FOOD INSECURE (BERTMAN ET AL, 2021) . THE FOODBANK AND ITS PARTNERS CONTINUE TO SEE INCREASED LEVELS OF NEED CONSISTENT WITH THESE FINDINGS REVENUE IN FISCAL YEAR 2021 EXCEEDED PROJECTIONS FOR A SECOND FISCAL YEAR IN A ROW, MAINLY THROUGH PRIVATE PHILANTHROPY, INCLUDING A SPECIAL, ONE-TIME, $9 MILLION GIFT FROM NATIONAL PHILANTHROPIST MACKENZIE SCOTT, VIA THE CHICAGO COMMUNITY FOUNDATION, THAT WAS RECEIVED IN DECEMBER OF 2020 (FY21); WE ALSO RECEIVED ONE TIME SUPPORT FROM LOCAL AND FEDERAL COVID-RELIEF FUNDING. 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. RISING FOOD PRICES, COUPLED WITH PROJECTED SUSTAINED INCREASES IN FOOD INSECURITY IN VERMONT FOR FISCAL YEAR 2022 HAVE ALREADY IMPACTED PROJECTED BUDGET AT THE VERMONT FOODBANK FOR FISCAL YEAR 2022. INCREASED REVENUE AND COMMUNITY SUPPORT HAS ENABLED US TO ABSORB INCREASED COSTS JUST TWO MONTHS INTO THE FISCAL YEAR (AS OF NOVEMBER 15, 2021). EXAMPLES OF INCREASED COSTS INCLUDE: 3%-30% INCREASES IN FOOD COSTS; HIRING OF A LOCAL VENDOR TO ASSIST WITH DRIVE-THROUGH FOOD DISTRIBUTIONS THAT CONTINUE TO SEE RECORD ATTENDANCE; AND INCREASES IN CONSTRUCTION AND MAINTENANCE COSTS FOR ALREADY-PLANNED PROJECTS NECESSARY TO MEET OPERATIONAL CAPACITY AND SAFETY REQUIREMENTS. REFERENCES: BERTMANN F, ROGOMENTICH K, BELARMINO EH AND NILES MT (2021) THE FOOD BANK AND FOOD PANTRIES HELP FOOD INSECURE PARTICIPANTS MAINTAIN FRUIT AND VEGETABLE INTAKE DURING COVID-19. FRONT. NUTR. 8:673158. DOI: 10.3389/FNUT.2021.673158.