2019-11-08T11:09:14-06:00 2019-06-30 411397419 Abdo Eick & Meyers LLP 5201 Eden Avenue Suite 250 Edina MN 55436 990 2018-07-01 800919680 The Sheridan Story SHER 6125684003 2723 Patton Road Roseville MN 55113 Ryan Beach Chair 6125684003 2019-11-06 1 Steven D Anseth CPA P00552219 9528359090 2019-11-06 64.88.174.3 2019-11-06 07:46:14 CS P DDE7971FDD5D09F32765E5C96F8C5DB831494348 BA9B8BCB4B63E9BED3A62C4C32C2ABC664E25AC9 2018 2020-03-31 21:24:44Z Ryan Beach 2723 Patton Road Roseville MN 55113 2431418 0 X www.thesheridanstory.org X 2013 MN The Sheridan Story's mission is to fight child hunger through community and school partnerships. 15 14 17 5100 0 0 1674625 2422180 0 0 5 -53193 2618 9131 1677248 2378118 0 0 0 0 654135 873559 0 0 162786 1002301 1195335 1656436 2068894 20812 309224 548136 858442 329850 330932 218286 527510 X The Sheridan Story's mission is to fight child hunger through community and school partnerships. 0 0 1620485 9131 The Sheridan story provides children with a weekend's supply of non-perishable food at the end of each school week, closing the weekend food gap when kids don't have access to free/reduced meal programs at schools. In the 2018-2019 school year (FY19), the Sheridan story distributed 816,123 meals to some 5,463 children in 205 schools in Minnesota. The Sheridan story brings a network-based approach to fighting child hunger. First, we facilitate the formation of partnerships between the community and schools. Then, the Sheridan story manages the logistics and food operations portion of the project. This includes sourcing, packing, storage, inventory management, and delivery of food to the schools. The community partners with the schools to help fund the program in their school and distribute the food to the kids. 1620485 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X Rob Williams 6125684003 2723 Patton Road Roseville MN 55113 Bob Thomas Chair 1.00 X X 0 0 0 Ryan Beach Vice-Chair 1.00 X X 0 0 0 Bob Peterson Secretary 1.00 X X 0 0 0 Rachel Riensche Secretary 1.00 X X 0 0 0 Bruce Ensrud Board Member 1.00 X 0 0 0 Helene Clark Board Member 1.00 X 0 0 0 Jenna Soule Board Member 1.00 X 0 0 0 Jon McTaggart Board Member 1.00 X 0 0 0 Leadriane Roby Board Member 1.00 X 0 0 0 Michael Binder Board Member 1.00 X 0 0 0 Ranjit Ahluwalia Board Member 1.00 X 0 0 0 Scott Tonneson Board Member 1.00 X 0 0 0 Wendi Jarson Board Member 1.00 X 0 0 0 Woody Kingman Board Member 1.00 X 0 0 0 Rob Williams Executive Director 50.00 X X 97965 0 3771 97965 0 3771 0 0 0 0 0 2422180 107002 2422180 107 107 53300 -53300 -53300 -53300 2866 0 2866 2866 Miscellaneous 900099 4008 4008 Summer program 900099 2257 2257 6265 2378118 9131 0 -53193 103277 72293 15492 15492 646399 468883 92714 84802 64602 52622 8312 3668 59281 39574 8551 11156 300 300 26000 26000 21397 2188 18885 324 5422 1160 4262 52336 28457 4729 19150 126494 59679 54248 12567 191971 179632 7772 4567 27521 4563 21612 1346 5430 2310 1560 1560 4321 3676 645 60684 60684 4010 3890 120 Food expenses 585458 585458 Transportation 35021 31848 981 2192 Miscellaneous 28157 20412 7745 Bank fees 14415 14415 6398 4316 382 1700 2068894 1620485 285623 162786 176565 104029 2030 2030 27843 169190 142840 284551 20439 15186 447589 172896 175656 274693 2763 8763 548136 858442 81923 109500 247927 0 0 221432 329850 330932 X 186194 245588 32092 281922 218286 527510 548136 858442 309224 0 X X 0 1 X 1 0 X 539872 769254 1183930 1674625 2422180 6589861 539872 769254 1183930 1674625 2422180 6589861 169983 6419878 1 10 19 5 107 142 1451 741 2192 10766 10766 6602961 0.97230 0.90820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 447589 172896 274693 274693 Line of credit 45000 Capital lease obligations 176432 221432 X 2491696 60278 60278 2431418 -53300 -53300 2378118 2182472 60278 53300 113578 2068894 0 2068894 Part X, Line 2: The Organization is exempt from income tax under section 501(c)(3) of the Internal Revenue Code. Contributions to the Organization are tax deductible as the Organization qualifies under Section 170(c) of the Internal Revenue Code. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. Tax expense as of December 31, 2019 and 2018 was $0 and $0, respectively. During the years ended June 30, 2019 and 2018, the Organization had not incurred any interest or penalties on its tax returns. The Organization's tax returns are subject to possible examination by the taxing authorities. For federal tax purposes the tax returns essentially remain open for possible examination for a period of three years after the date on which those returns are filed. Part XI, Line 4b - Other Adjustments: Loss on sale of assets -53,300. Part XII, Line 2d - Other Adjustments: Loss on sale of assets 53,300. X 40383 22657 Fair value X Cloud based software subscription 1 79481 Fair value X Class packs 14 3101 Fair value X Reusable bags 550 656 Fair value X Gift cards 3 590 Fair value X Rolling tool cabinet 1 300 Fair value X Pallet sign 1 148 Fair value X Shopping cart 1 68 Fair value 0 0 0 Part I, Column (b): Pounds of food or number of items contributed Form 990, Part VI, Section A, line 1 Except for the power to amend the Articles of Incorporation and Bylaws, the Executive Committee shall have the power to transact all regular business of the Organization during the period between meetings of the Board of Directors, subject to any prior limitation or direction imposed by the Board of Directors. Form 990, Part VI, Section A, line 4 During the 2018-2019 fiscal year, the Board approved the following Bylaw changes: (i) Bylaw 3.7.1 revised so that there are four Officers of the Board: a Chair, Secretary, Treasurer, and either a Vice Chair or a Past Chair. (ii) Bylaw 4.2 revised so that the Executive Committee shall consist of the Officers and the Executive Director. Form 990, Part VI, Section B, line 11b The 990 is reviewed by management and the Finance Committee and then is provided to all board members for acceptance prior to filing. Form 990, Part VI, Section B, line 12c The Organization monitored compliance with the conflict of interest policy by reviewing, contemporaneously, all potential conflicts of interest at governance meetings and staff daily activities and applying the policy to address any actual conflicts of interest that are identified. As Section 6.2 of this policy states, staff conflicts of interest are disclosed to the Executive Director, "(or if she or he is the one with the conflict, then to the Board Chair), who shall bring the matter to the attention of the Board. Disclosure involving directors should be made to the Board Chair, (or if she or he is the one with the conflict, then to the Board Treasurer) who shall bring these matters to the board. Section 6.3 continues "the board shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to The Sheridan Story." As Section 2 of this policy states, this policy applies not only to directors and officers, but to all employees who can influence the actions of The Sheridan Story. For example, this would include all who make purchasing decisions, all persons who might be described as 'management personnel, and anyone who has proprietary information concerning The Sheridan Story." In practice, the policy applies to all members of the Board of Directors and typically applies to staff that are manager level and above. Restrictions imposed on a person with a conflict are identified in Section 6.1 - include fully disclosing the conflict of interest and is excluded from the discussion and approval of such transaction. Form 990, Part VI, Section B, line 15a Salary data is obtained from the Minnesota Council of Nonprofits' Minnesota salary and benefits survey. Salary data is compared with averages based on both organization's size and sector. Data is then evaluated against salary quartiles while considering Executive Director's experience. The last time this process was undertaken was July 2017. Form 990, Part VI, Section C, line 19 The Bylaws and Conflict of Interest policy are available upon request. The financial statements and Articles of Incorporation are available on the Organization's website or upon request. Form 990, Part XII, Line 2c: The process has not changed from the prior year.