2021-05-14T12:27:53-05:00 2020-06-30 411680240 SDK CPA 100 WASHINGTON AVE S STE 1600 MINNEAPOLIS MN 55401 990 2019-07-01 411379713 CHANNEL ONE INC CHAN 5072872350 131 35TH STREET SE ROCHESTER MN 55904 VIRGINIA MERRITT EXECUTIVE DIRECTOR 5072872350 2021-05-10 1 WENDY HARDEN CPA P00956490 6123325500 2021-05-10 2019 2022-09-23 18:48:47Z VIRGINIA MERRITT 131 35TH STREET SE ROCHESTER MN 55904 21847630 0 X WWW.HELPINGFEEDPEOPLE.ORG X 1980 MN CHANNEL ONE STRENGTHENS FOOD ACCESS AND BUILDS HEALTHY COMMUNITIES. 15 15 43 2826 0 0 15628716 21074164 1082769 678631 15839 35496 -4024 523 16723300 21788814 14084995 16344399 0 0 1375588 1569550 0 16000 266748 868815 962323 16329398 18892272 393902 2896542 5992370 9424293 411372 681130 5580998 8743163 X CHANNEL ONE STRENGTHENS FOOD ACCESS AND BUILDS HEALTHY COMMUNITIES. 0 0 16825604 15459587 678631 CHANNEL ONE FOOD BANK: PROVIDES FOOD AND NON-FOOD PRODUCT TO APPROXIMATELY 183 PROGRAMS PROVIDED BY APPROXIMATELY 110 NONPROFIT 501(C)(3) AGENCIES THAT FEED PEOPLE AS PART OF THEIR PROGRAM SERVICES MISSION. DURING THE YEAR ENDED JUNE 30, 2020, CHANNEL ONE FOOD BANK RECEIVED IN 9,980,587 GROSS POUNDS OF FOOD AND NON-FOOD ITEMS AND DISTRIBUTED 9,408,903 POUNDS TO AGENCIES IN 13 COUNTIES IN SOUTHERN MINNESOTA AND LA CROSSE COUNTY, WI. WE ALSO PROVIDED 89,716 POUNDS OF FOOD ITEMS TO OTHER AFFILIATED FOOD BANKS, FOR A TOTAL OF 9,408,903 POUNDS OF FOOD DISTRIBUTED THROUGH THE FOOD BANK. CHANNEL ONE IS DEPENDENT ON GENEROUS FOOD DONATIONS. 747040 651401 COMMODITY SUPPLEMENTAL FOOD PROGRAM: NUTRITION ASSISTANCE PROGRAM FOR SENIORS (NAPS) PROVIDES NUTRITIONALLY BALANCED, SUPPLEMENTAL FEDERAL GOVERNMENT COMMODITY FOOD PACKAGES TO INCOME-ELIGIBLE SENIOR CITIZENS ON A MONTHLY BASIS IN THE 13 COUNTY SERVICE AREA IN MINNESOTA. THERE WERE 13,525 PACKAGES DISTRIBUTED IN THE YEAR ENDED JUNE 30, 2020. 424015 121127 SUPPLEMENTAL FOOD SHELF: PROVIDES A MONTHLY DISTRIBUTION OF FOOD AND NONFOOD ITEMS, INCLUDING GOVERNMENT COMMODITIES TO LOW-INCOME OLMSTED COUNTY RESIDENTS. PROVIDED AN APPROXIMATELY 5-DAY SUPPLY OF FOOD ITEMS TO 6,922 REGISTERED HOUSEHOLDS WHO PARTICIPATE IN THIS MONTHLY DISTRIBUTION. IN TOTAL, THERE WERE 40,181 HOUSEHOLD VISITS DURING THE LAST FISCAL YEAR ENDED JUNE 30, 2020. 115726 112284 BACK PACK PROGRAM: PROVIDES FOOD FOR THE WEEKENDS TO 900 DIFFERENT STUDENTS IN 29 ELEMENTARY AND MIDDLE SCHOOLS IN OUR COMMUNITIES. DURING THE 2019-20 SCHOOL YEAR, AS WELL AS IN THE SUMMER MONTHS, CHANNEL ONE, DISTRIBUTED 128,513 POUNDS OF FOOD TO STUDENTS IN NEED. PROGRAM QUALIFICATION IS BASED ON ELIGIBILITY FOR FREE AND REDUCED PRICE LUNCHES AS IDENTIFIED BY THE SCHOOLS. 15978 MOBILE PANTRY: DELIVERS FOOD MONTHLY TO LOW-INCOME INDIVIDUALS IN 6 TOWNS IN 3 COUNTIES IN SOUTHEAST MINNESOTA AND LA CROSSE COUNTY, WISCONSIN. IN 2019-2020 THE MOBILE FOOD PANTRY DISTRIBUTED 319,554 POUNDS OF FOOD TO INDIVIDUALS AND FAMILIES IN NEED OF FOOD ASSISTANCE. 2336 GREEN GARDEN PROGRAM: PROVIDES GARDEN PLOTS, WATER AND PLOWING TO INCOME-ELIGIBLE PARTICIPANTS. FOOD SHELF CUSTOMERS BENEFITTED FROM 113 PREPARED PLOTS AND TECHNICAL ASSISTANCE WHEN NEEDED DURING THE FISCAL YEAR ENDED JUNE 30, 2020. 4805 PAS 515 KITCHEN 139360 112284 18136019 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 1 43 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN WI X X X CHANNEL ONE 5072872350 131 35TH STREET SE ROCHESTER MN 55904 SUSAN AHLQUIST BOARD CHAIR (PART-YEAR) 0.10 0.00 X X 0 0 0 KANKO AKAKPOVI BOARD MEMBER (PART-YEAR) 0.18 0.00 X 0 0 0 ABDUL BENGALI BOARD MEMBER (PART-YEAR) 0.10 0.00 X 0 0 0 DAVID COURTIS BOARD TREASURER (PART-YEAR) 0.31 0.00 X X 0 0 0 CHAD DECOOK BOARD CHAIR (PART-YEAR) 0.23 0.00 X X 0 0 0 CYLE ERIE BOARD MEMBER 0.18 0.00 X 0 0 0 PAUL EVERS BOARD MEMBER 0.28 0.00 X 0 0 0 JERAD FAUDI CORPORATE OFFICER 0.13 0.00 X X 0 0 0 JOE GASIOR BOARD MEMBER 0.13 0.00 X 0 0 0 HOLDEN LEWIS BOARD MEMBER 0.37 0.00 X 0 0 0 COURTNEY LOGLI BOARD MEMBER (PART-YEAR) 0.28 0.00 X 0 0 0 OLGA MUTAMBA BOARD MEMBER 0.19 0.00 X 0 0 0 CHRIS ROCK BOARD SECRETARY/BOARD VICE-CHAIR 0.23 0.00 X X 0 0 0 SHARON ROSEN BOARD MEMBER 0.23 0.00 X 0 0 0 BRYCE CALDWELL BOARD MEMBER (PART-YEAR) 0.13 0.00 X 0 0 0 REV MARK NIETHAMMER BOARD MEMBER (PART-YEAR) 0.10 0.00 X 0 0 0 NANCY NESS BOARD MEMBER (PART-YEAR) 0.09 0.00 X 0 0 0 JOE POWERS BOARD MEMBER (PART-YEAR) 0.05 0.00 X 0 0 0 SHERRY KULAS FINANCE DIRECTOR (PART-YEAR) 40.00 0.00 X 69376 0 1366 LINDA LOVIK ASSISTANT DIRECTOR 40.00 0.00 X 78573 0 1554 VIRGINIA MERRITT EXECUTIVE DIRECTOR 40.00 0.00 X 88964 0 1726 MATT DECOOK INTERIM FINANCE DIR. (HIRED 2/2020) 0.00 0.00 X 0 0 0 236913 0 4646 0 0 0 0 0 91350 67417 5105466 15809931 16848198 21074164 PURCHASE FOOD PROGRAM 624200 447089 447089 SHARED MAINTENANCE FEE 624200 140829 140829 DELIVERY CHARGE 624200 90713 90713 678631 4939 4939 51998 30444 51885 0 113 30444 30557 30557 0 67417 6931 -6931 -6931 MISCELLANEOUS INCOME 900099 7454 7454 7454 21788814 691024 0 23626 9662576 9662576 6681823 6681823 290106 277631 7543 4932 1070036 601448 315140 153448 5413 5180 141 92 101660 97289 2643 1728 102335 97935 2661 1739 9086 18 9068 29596 1574 28022 16000 16000 14910 3200 7710 4000 327 327 207339 109406 26098 71835 148049 123482 24059 508 210685 198400 12285 35001 23891 11104 6 TRUCKING/FREIGHT/VEHICL 146115 145874 7 234 REPAIRS & MAINTENANCE 61714 53213 6337 2164 STAFF 25141 13674 10765 702 MEMBERSHIP DUES 9757 7285 1077 1395 64603 32120 24845 7638 18892272 18136019 489505 266748 519241 2261302 307905 310669 115420 98942 147603 77870 1408174 2878131 35346 22184 6044501 3123449 2605278 2921052 236535 237152 616868 616991 5992370 9424293 218282 259079 13000 0 180090 422051 411372 681130 X 4576004 7386185 1004994 1356978 5580998 8743163 5992370 9424293 X 2896542 123 265500 X 0 1 X 1 1 1 X 15007798 14744296 16029771 15628716 21074164 82484745 15007798 14744296 16029771 15628716 21074164 82484745 82484745 8488 11045 3277 15619 4939 43368 -6153 16892 9243 13873 7454 41309 82569422 5244143 0.99900 0.99910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 1.00000 1 0 173755 173755 4065018 1932006 2133012 932738 789840 142898 872990 401603 471387 2921052 BENEFICIAL INTEREST IN PERPETUAL TRUST 606991 INTEREST IN ROCHESTER AREA FOUNDATION 10000 616991 22115485 123 54117 272431 326671 21788814 0 21788814 18953320 54117 6931 61048 18892272 0 18892272 PART V, LINE 4: THE FUNDS ARE INTENDED TO BE USED IN FURTHERANCE OF THE ORGANIZATION'S MISSION. THERE IS ALSO A SMALL ENDOWMENT INTENDED TO BE USED FOR CLIENT TRANSPORTATION. PART XI, LINE 2D FUNDRAISING EXPENSES REPORTED ON PART VIII, LINE 8B $6,931 PPP LOAN UNFORGIVEN AS OF 6/30/2020 $265,500 PART XII, LINE 2D FUNDRAISING EXPENSES REPORTED ON PART VIII, LINE 8B $6,931 X 1 NEWPORT ONE 21 RAILROAD AVENUE DUXBURY MA 02332 FUNDRAISING 0 318080 16000 302080 318080 16000 302080 MN WI EMPTY BOWLS 67417 67417 3465 200 3266 67417 67417 3465 200 3266 6931 -6931 1 COMPLETE LIST AVAILABLE UPON REQUEST 9662576 FMV MEALS FOOD DISTRIBUTIONS FOOD AND NONFOOD ITEMS DISTRIBUTED TO INDIVIDUALS 6681823 FMV GROCERY TYPE ITEMS PART I, LINE 2: GRANTS ARE PRIMARILY GIVEN IN THE FORM OF AGENCY CREDITS TO BE SPENT ON FOOD PURCHASED FROM CHANNEL ONE, INC. OTHER GRANT FUNDS ARE NOT DISTRIBUTED UNTIL PROOF OF PURCHASE IS PROVIDED. X 8 51885 STOCK MARKET VALUE X 16796313 FMV- PRICE PER POUND 0 0 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED FOR STOCK CONTRIBUTIONS AND POUNDS OF FOOD RECEIVED FOR FOOD INVENTORY RECEIVED. PART I, LINE 32B: THE ORGANIZATION USES STIFEL NICHOLS TO RECEIVE STOCK DONATIONS, AND SELL THE DONATED STOCK. FORM 990, PART VI, SECTION A, LINE 2 CHAD DECOOK, THE BOARD CHAIR STARTING IN 2020, AND MATT DECOOK, THE INTERIM FINANCE DIRECTOR HIRED IN FEBRUARY OF 2020, ARE BROTHERS. FORM 990, PART VI, SECTION B, LINE 11B THE FINAL FORM 990 WAS REVIEWED BY THE BOARD AND FINANCE COMMITTEE PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE EXISTENCE OF ANY OF THE NATURES OF CONFLICTING INTERESTS SHALL BE DISCLOSED BEFORE ANY TRANSACTION IS CONSUMMATED. IT IS THE CONTINUING RESPONSIBILITY OF THE BOARD, OFFICERS, AND MANAGEMENT EMPLOYEES TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS AND TO IMMEDIATELY MAKE SUCH DISCLOSURES. DISCLOSURES IN THE ORGANIZATION ARE MADE TO THE EXECUTIVE DIRECTOR WHO SHALL BRING THE MATTER TO THE BOARD. IF THE EXECUTIVE DIRECTOR HAS THE CONFLICT, DISCLOSURE IS MADE TO THE BOARD CHAIR, WHICH WILL THEN BRING THE MATTER TO THE BOARD. DISCLOSURE INVOLVING BOARD MEMBERS ARE MADE TO THE BOARD CHAIR, OR IF HE/SHE HAS THE CONFLICT, THEN TO THE BOARD VICE-CHAIR, WHO WILL BRING THE MATTER TO THE BOARD. THE POLICY COVERS ALL DIRECTORS AND OFFICERS, AND ALL EMPLOYEES WHO CAN INFLUENCE THE ACTIONS OF CHANNEL ONE (I.E., MAKING PURCHASING DECISIONS, MANAGEMENT PERSONNEL, AND ANYONE WHO HAS PROPRIETARY INFORMATION CONCERNING CHANNEL ONE). DETERMINATIONS OF WHETHER A CONFLICT EXISTS ARE MADE AT THE BOARD LEVEL. IF A CONFLICT EXISTS, THE BOARD WILL DETERMINE WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED. ACTUAL CONFLICTS ARE REVIEWED AT THE BOARD LEVEL. PERSONS WITH A CONFLICT ARE EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S PROCESS TO DETERMINE THE COMPENSATION OF TOP MANAGEMENT OFFICIALS AND OFFICERS INCLUDES A REVIEW OF COMPARABILITY DATA AND SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE PROCESS WAS USED TO DETERMINE THE COMPENSATION OF THE EXECUTIVE DIRECTOR IN 2018 AND 2019. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE ANNUAL FINANCIAL STATEMENT IS INCLUDED IN AN ANNUAL REPORT, WHICH IS MAILED TO DONORS AND FUNDING ENTITIES. PART XI, LINE 9 ON APRIL 17, 2020, THE ORGANIZATION QUALIFIED AND RECEIVED A LOAN PURSUANT TO THE PAYCHECK PROTECTION PROGRAM("PPP"), A PROGRAM IMPLEMENTED BY THE U.S. SMALL BUSINESS ADMINISTRATION UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT COMMONLY REFERRED TO AS THE CARES ACT, FOR AN AGGREGATE PRINCIPAL AMOUNT OF APPROXIMATELY $265,500. THE PPP PROVIDES FUNDS TO COVER UP TO 24 WEEKS OF PAYROLL COSTS INCLUDING BENEFITS. FUNDS CAN ALSO BE USED TO PAY INTEREST ON MORTGAGES, RENT, AND UTILITIES. THE LOAN HAS A MATURITY DATE OF APRIL 17, 2022. THE LOAN BEARS AN ANNUAL INTEREST RATE OF 1%. THE LOAN SHALL BE PAYABLE MONTHLY WITH THE FIRST SIX MONTHLY PAYMENTS DEFERRED. IT IS THE ORGANIZATION'S INTENT TO APPLY FOR LOAN FORGIVENESS UNDER THE PROVISIONS OF SECTION 1106 OF THE CARES ACT. LOAN FORGIVENESS IS SUBJECT TO THE SOLE APPROVAL OF THE SBA. THE ORGANIZATION IS ELIGIBLE FOR LOAN FORGIVENESS IN AN AMOUNT EQUAL TO PAYMENTS MADE DURING THE 24-WEEK PERIOD BEGINNING ON THE LOAN DATE, WITH THE EXCEPTION THAT NO MORE THAN 40% OF THE AMOUNT OF LOAN FORGIVENESS MAY BE FOR EXPENSES OTHER THAN PAYROLL EXPENSES. THE ORGANIZATION PLANS TO USE ALL LOAN PROCEEDS TO PARTIALLY SUBSIDIZE DIRECT PAYROLL EXPENSES. THE ORGANIZATION ELECTED TO ACCOUNT FOR THE PPP LOAN UNDER THE CONDITIONAL CONTRIBUTION GUIDANCE TO RECORD FORGIVENESS. THE FULL 24 WEEK HAD NOT BEEN COMPLETED AND THEREFORE NOT ALL OF THE CONDITIONS WERE MET AS OF JUNE 30, 2020. THE ORGANIZATION ANTICIPATES MEETING ALL OF THE CONDITIONS AND APPLYING FOR FORGIVENESS OF THE LOAN IN THE FISCAL YEAR ENDING JUNE 30, 2021.