2019-06-24T15:16:29-05:00 2018-12-31 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2018-01-01 592174510 Food For the Poor Inc FOOD 9544272222 6401 Lyons Road Coconut Creek FL 330733602 Robin G Mahfood President 9544272222 2019-06-24 1 Ted R Batson Jr P00721951 6785185301 139.146.132.42 2019-06-24 16:16:16 ED P 031273F37E2A51DA063937B69F37560A7ED7E4F9 29E1E3F643802EE5E4A26AA37BC87BCB9676E407 2018 2019-02-21 02:37:17Z Robin G Mahfood 6401 Lyons Road Coconut Creek FL 330733602 944365913 0 X www.foodforthepoor.org X 1982 FL To provide aid as to improve the health, economic, social, and spiritual conditions of the poor. 10 8 428 182 9250 -76254 947061325 941949169 0 0 49990 115148 568544 54626 947679859 942118943 873331052 870486333 0 0 25335084 26698639 568161 650787 43682999 50143089 54768864 949377386 952604623 -1697527 -10485680 41577689 32003725 5325061 6238116 36252628 25765609 X See Schedule O 0 0 554973977 554973985 Healthcare - Food For The Poor shipped over 611 trailer loads of medicines, medical supplies, and equipment that help maintain clinics, hospitals, and medical-care centers to provide much needed medical care to poverty-stricken children and families. 183129749 183133412 Basic needs - Food For The Poor distributes aid to support the feeding, clothing, and sheltering of the poor. In 2018, over 25 million meals per month were distributed to feed malnourished children and their families. We have built 4,253 new homes for families in need of adequate shelter in 2018 and since our inception in 1982, have constructed over 83,557 homes for the poor. 87127786 86885562 Community support & development - Water wells, agricultural tools, seeds, training and other grants were distributed enabling entire communities to grow their own food. Aquaculture ponds, fishing villages, fruit tree nurseries, animal husbandry projects and other programs we have funded give the poor fresh hope for a better tomorrow. 36889924 36880762 Education 21753769 Freight and other costs 13996684 8612612 Intra-program costs 72640377 45493374 897871889 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 0 1 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 172 2 1 428 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 10 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA CT FL GA HI IL IN KS KY LA MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WV WI X X Jeff Alexander 9544272222 6401 Lyons Road Coconut Creek FL 330733602 Robin G Mahfood Director, CEO, President 60.00 X X 445463 0 24191 PTodd Kennedy Chairman 1.00 X X 0 0 0 Bill Benson Vice-Chairman/Treasurer 1.00 X X 0 0 0 Grace Bonina Director 1.00 X 0 0 0 The Rt Rev Leopold Frade Director 1.00 X 0 0 0 Rhonda Maingot Director 1.00 X 0 0 0 Card Rodriguez Maradiaga Director 1.00 X 0 0 0 Most Rev Burchell McPherson Director 1.00 X 0 0 0 Lynne G Nasrallah Director 1.00 X 0 0 0 Very Rev Mon Gregory Ramkissoon Director 1.00 X 0 0 0 Angel Aloma Executive Director 60.00 X 275008 0 19567 David Price Secretary 40.00 X 84000 0 0 Dennis A North CFO 40.00 X 183808 0 16937 Mark Khouri Vice President 40.00 X 208729 0 18869 Edward Raine Executive VP 40.00 X 228729 0 19468 Alvaro J Pereira Speakers Director 40.00 X 232610 0 18401 Natalie F Carlisle Major Gifts Director 40.00 X 198623 0 14437 Michael Anton Projects Director 40.00 X 156040 0 26937 Arthur Goldklang Shipping Director 40.00 X 155581 0 15811 Frederick Khouri COO 40.00 X 153290 0 16430 2321881 0 191048 27 0 1 0 Perlman & Perlman LLP 41 Madison Ave Suite 4000 New York NY 100102202 Legal Services 796455 One & All Inc 2 North Lake Avenue Suite 600 Pasadena CA 91101 TV Production & Consulting 202493 Hamaty Bird Law PA 6900 NW 83rd Terrace Parkland FL 33067 Legal Services 113000 3 186460 1108458 12373013 928281238 802004114 941949169 85994 85994 93750 66980 26770 26770 26770 1697364 60100 1705413 22897 -8049 37203 29154 29154 125992 1108458 362184 -236192 -236192 334839 89496 245343 245343 Miscellaneouse Revenue 900099 9455 9455 Advertising Revenue 541800 9250 9250 18705 942118943 0 9250 160524 8824697 8824697 861661636 861661636 1540923 1540923 197727 80538 95035 22154 19162449 3432555 3907352 11822542 362004 73903 79774 208327 3954971 717387 816086 2421498 1480565 261704 358671 860190 25883 10263 15620 635403 635403 68475 68475 650787 650787 2192 2192 16123640 28864 32711 16062065 10882738 180552 1483688 9218498 666940 19473 524404 123063 478433 216103 114528 147802 2240720 180532 160788 1899400 57313 11 10713 46589 60237 60237 678942 126052 468855 84035 203320 202629 691 Freight 21889488 21794444 7097 87947 Uncollectible pledges 331051 331051 424089 273438 138860 11791 952604623 897871889 11049735 43682999 X 22951252 7519217 1182456 3338917 32500 146447 6089 1059751 1064733 20877010 6027194 15486333 14849816 578004 286083 281304 4798512 41577689 32003725 5325061 5738116 500000 5325061 6238116 X 34819743 24286815 1432885 1478794 36252628 25765609 41577689 32003725 -10485680 -1339 0 X X 0 1 X 1 1 1 X 912481440 1157509481 993729983 947061325 941949169 4952731398 912481440 1157509481 993729983 947061325 941949169 4952731398 4952731398 114416 126612 106167 132467 179744 659406 790079 1209569 1075652 1467007 470286 5012593 4958403397 0.99890 0.99890 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising events - 2014 Amount: $ 128,104. 2015 Amount: $ 189,566. 2016 Amount: $ 76,534. 2017 Amount: $ 197,629. 2018 Amount: $ 125,992. Gaming activities - 2014 Amount: $ 661,975. 2015 Amount: $ 1,020,003. 2016 Amount: $ 999,118. 2017 Amount: $ 1,258,425. 2018 Amount: $ 334,839. Other income - 2017 Amount: $ 10,953. 2018 Amount: $ 9,455. 226146 -16466 209680 193225 32921 226146 29149 154767 9309 193225 28672 477 29149 25000 3672 28672 1.00000 0 0 6140388 6140388 11054232 3274794 7779438 3436085 2669596 766489 246305 82804 163501 14849816 Goods pending distribution 4787574 Other assets 5284 Security deposits 5654 4798512 X 942636264 -1339 518660 517321 942118943 0 942118943 953123283 518660 518660 952604623 0 952604623 Part V, Line 4: The intent of the endowed funds is to help further the mission of Food For The Poor, Inc. Part X, Line 2: The Organization is a not-for-profit organization and a public charity, as described in Section 501(c)(3) and 509(a)(1) of the Internal Revenue Code, and exempt from Federal income taxes, except that unrelated business income is taxable. The Organization had no unrelated business income tax during the year ended December 31, 2018. U.S. GAAP requires management to evaluate tax positions taken and recognize a tax liability (or asset) if the Organization has taken an uncertain tax position that more likely than not would not be sustainable upon examination by taxing authorities. Management has analyzed the tax positions taken and has concluded that as of December 31, 2018, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. If the Organization were to incur an income tax liability in the future, interest and penalties would be reported as income taxes. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes the Organization is no longer subject to income tax examinations for the years prior to 2015. Part XI, Line 2d - Other Adjustments: Donated life insurance cash surrender value Fundraising event expense 451,680. Rental expense 66,980. Part XII, Line 2d - Other Adjustments: Fundraisng event expense 451,680. Rental expense 66,980. 1 Central America and the Caribbean 0 0 Grantmaking 831034067 Sub-Saharan Africa 0 0 Grantmaking 72780 South America 0 0 Grantmaking 30554789 0 0 0 0 0 0 861661636 0 861661636 Central America and the Caribbean Charitable Aid 4911841 Clothing, footwear, household, food, medical furniture, medical supplies and equipment, OTC medication, personal hygiene, recreation items, furniture, supplies, religious, books, computers, electronics, appliances, vehicles, building FMV Central America and the Caribbean Charitable Aid 15000 Community support and development FMV Central America and the Caribbean Charitable Aid 4803003 Check or Wire Transfer 22943480 Medical supplies & furniture, clothing, household, personal hygiene, books, building, footwear, supplies, school furniture, food, educational materials, electronics, medical equipment, vehicle, pharmaceutical, agricultural supplies, community support & development, educational programs, food clothing & shelter, water, housing & sanitation units FMV Central America and the Caribbean Charitable Aid 7000 Check or Wire Transfer Central America and the Caribbean Charitable Aid 272315 Personal hygiene, clothing, household, furniture, medical supplies, food, books, electronics, footwear, recreational supplies, medical equipment, appliances, school furniture FMV Central America and the Caribbean Charitable Aid 45653 Check or Wire Transfer Central America and the Caribbean Charitable Aid 5744 Candles FMV Central America and the Caribbean Charitable Aid 1119 Check or Wire Transfer 39955 Food, books, school supplies, household items, diapers, building supplies, clothes, mattresses, healthcare items, medical supplies, furniture, equipment, kitchen supplies, religious items, toys FMV Central America and the Caribbean Charitable Aid 10000 Ambulance FMV Central America and the Caribbean Charitable Aid 2258879 Household, medical equipment, medical furniture, medical supplies, pharmaceuticals FMV Central America and the Caribbean Charitable Aid 5515716 Check or Wire Transfer 50510189 Food, clothing, shelter, water, sanitation FMV Central America and the Caribbean Charitable Aid 141028 Check or Wire Transfer Central America and the Caribbean Charitable Aid 28209 Check or Wire Transfer Central America and the Caribbean Charitable Aid 998 Check or Wire Transfer 4850221 Household, medical supplies, medical equipment, pharmaceuticals, medical furniture FMV Central America and the Caribbean Charitable Aid 47623 Check or Wire Transfer Central America and the Caribbean Charitable Aid 8708 Check or Wire Transfer 10200 Clothing, footwear, household, medical supplies, OTC medicine, personal hygiene, recreational supplies, agricultural supplies, building, food, furniture, religious supplies, medical furniture, books, supplies, community support, music supplies, appliances, vocational supplies, school furniture FMV Central America and the Caribbean Charitable Aid 3904618 Computers, food, clothing, wheelchairs, household items FMV Central America and the Caribbean Charitable Aid 19539 Check or Wire Transfer Central America and the Caribbean Charitable Aid 13668 Check or Wire Transfer Central America and the Caribbean Charitable Aid 3070032 Check or Wire Transfer 52686898 Music supplies, clothing, recreational supplies, supplies, food, medical supplies, personal hygiene, OTC medicine, books, footwear, household, medical equipment, furniture, medical furniture, school furniture, building, warehouse equipment, freight, vehicle, computers, pharmaceuticals, agricultural supplies, appliances, projects, electronics, vocational supplies, community support & development, educational programs, shelter, healthcare programs FMV Central America and the Caribbean Charitable Aid 152625 Check or Wire Transfer Central America and the Caribbean Charitable Aid 374650 Generators FMV Central America and the Caribbean Charitable Aid 15000 Bus FMV Central America and the Caribbean Charitable Aid 11491 Appliances, food items, household items, clothing FMV Central America and the Caribbean Charitable Aid 15759 Medical supplies, computers, pharmaceuticals, food, supplies, household, tools, community supplies & development FMV Central America and the Caribbean Charitable Aid 67264 Check or Wire Transfer 15386 Personal hygiene, household, furniture, recreational supplies, garden supplies, religious supplies, clothing, vocational supplies, food, household, computers, office equipment, school furniture, community support & development FMV Sub-Saharan Africa Charitable Aid 15780 Wheelbarrow, shovels, hoe, axe, rainboots FMV Central America and the Caribbean Charitable Aid 159914 Tools, appliances, furniture, kitchen supplies FMV Central America and the Caribbean Charitable Aid 1036577 Medical supplies, personal hygiene, medical furniture, medical equipment, household, pharmaceuticals FMV Central America and the Caribbean Charitable Aid 204457 Check or Wire Transfer 129461782 Appliances, clothing, medical supplies, medical equipment, medical furniture, household, cleaning supplies, lab supplies FMV South America Charitable Aid 504983 Rice and soy protein meals FMV Central America and the Caribbean Charitable Aid 8848552 Medical supplies, OTC medicine, personal hygiene, footwear, medical equipment, music supplies, medical furniture, food, furniture, appliances, pharmaceutical, computers FMV Central America and the Caribbean Charitable Aid 7108558 Food, personal hygiene, clothing, footwear, medical equipment & supplies, furniture, household, books, computers, agricultural supplies, vocational supplies, appliances FMV South America Charitable Aid 2033778 Check or Wire Transfer 28006552 Furniture, school supplies, footwear FMV Central America and the Caribbean Charitable Aid 21657953 Check or Wire Transfer 246704225 Books, household, supplies, solar supplies, tools, electronics, food, medical supplies, OTC medicine, building, clothing, footwear, school furniture, furniture, medical equipment, personal hygiene, recreational supplies, agricultural supplies, computer supplies, educational materials, music supplies, vocational supplies, pharmaceuticals, vehicle parts, solar equipment, appliances, healthcare programs, community support & development, educational programs, shelter, sanitation, water & housing units, clinic, office equipment, parts, religious supplies FMV Central America and the Caribbean Charitable Aid 7522373 Check or Wire Transfer 96410739 Furniture, vocational supplies, food, clothing, household, electronics, supplies, medical supplies & furniture, medical equipment, personal hygiene, building, footwear, school furniture, OTC medicine, appliances, furniture, computer supplies, educational supplies, music supplies, pharmaceuticals, trailers, vehicles, religious supplies, clothing & shelter, educational programs, community support & development, healthcare programs FMV Central America and the Caribbean Charitable Aid 20000 Community support and development FMV Sub-Saharan Africa Charitable Aid 57000 Check or Wire Transfer Central America and the Caribbean Charitable Aid 267798 Check or Wire Transfer Central America and the Caribbean Charitable Aid 11029112 Medical supplies, household, books, footwear, personal hygiene, building, clothing, school furniture, medical equipment, OTC medicine, furniture, food, pharmaceuticals, computers FMV Central America and the Caribbean Charitable Aid 1248260 Check or Wire Transfer 27829034 Clothing, supplies, food, building supplies, footwear, furniture, household, personal hygiene, appliances FMV Central America and the Caribbean Charitable Aid 205651 Footwear, household, medical supplies, food, pharmaceuticals, OTC medicine FMV Central America and the Caribbean Charitable Aid 11329 Check or Wire Transfer 1006603 Footwear, medical equipment & supplies, pharmaceuticals FMV Central America and the Caribbean Charitable Aid 20000 Ultrasounc machine FMV Central America and the Caribbean Charitable Aid 9402 Check or Wire Transfer 777197 Clothing, supplies, household, footwear, medical supplies, music supplies, recreational supplies, personal hygiene, food, furniture, building, agricultural supplies, school furniture, community support & development FMV Central America and the Caribbean Charitable Aid 20000 Community support and development FMV Central America and the Caribbean Charitable Aid 10272440 Baby supplies, medical supplies, painting supplies, medical equipment, wheelchair supplies FMV Central America and the Caribbean Charitable Aid 2806139 Building supplies, textbook, clothing, food, household, healthcare items, medical supplies FMV Central America and the Caribbean Charitable Aid 121244 Clothing, food, FMV Central America and the Caribbean Charitable Aid 92820 Check or Wire Transfer Central America and the Caribbean Charitable Aid 381941 Check or Wire Transfer 1000381 Clothing, footwear, furniture, household, appliances, food, medical supplies FMV Central America and the Caribbean Charitable Aid 8142 Check or Wire Transfer 1559536 Footwear, building supplies, furniture, medical equipment, medical supplies, clothing, food, household, personal hygiene, appliances FMV Central America and the Caribbean Charitable Aid 5383 Lumber FMV Central America and the Caribbean Charitable Aid 171244 Check or Wire Transfer Central America and the Caribbean Charitable Aid 20500 Check or Wire Transfer Central America and the Caribbean Charitable Aid 22000 Check or Wire Transfer Central America and the Caribbean Charitable Aid 5000 Check or Wire Transfer 3800 Printer FMV Central America and the Caribbean Charitable Aid 76000 Check or Wire Transfer Central America and the Caribbean Charitable Aid 42182 Check or Wire Transfer South America Charitable Aid 8977 Computer equipment FMV Central America and the Caribbean Charitable Aid 6000 Check or Wire Transfer Central America and the Caribbean Charitable Aid 126000 Check or Wire Transfer Central America and the Caribbean Charitable Aid 48000 Check or Wire Transfer Central America and the Caribbean Charitable Aid 122480 Shoes, furniture, sewing matchings, bicycles, office equipment, household items FMV Central America and the Caribbean Charitable Aid 95395134 Wheelbarrows, food, shoes, furniture, medical supplies, baby items FMV Central America and the Caribbean Charitable Aid 353918 Food, medical equipment, medical furniture, medical supplies FMV 66 0 0 0 0 0 0 0 Part I, Line 2: Feedback reports are received detailing how goods and grants are used in the field. Email, phone calls, and other correspondence are made to communicate feedback as well. Part I, line 3: Expenditures are accounted for using the accrual method of accounting. X X X X X X X 1 Infocision Management Corp PO Box 932441 Cleveland OH 44193 Call center - radio 0 4863923 40733 4823190 One & All Inc PO Box 936517 Atlanta GA 31193 TV production and consultation 0 3323145 202493 3120652 Maria Santamarina 662 Cypress Road Vero Beach FL 32963 Government grant writer 0 492795 90000 402795 Dunham ShareMedia LLC PO Box 261436 Plano TX 75026 Radio marketing consulting 0 0 88416 -88416 Listentrust 16 Casco Street Suite 200 Portland ME 04101 Call center - TV 0 0 74235 -74235 Tom Gaffny Consulting 71 Cliff Road Wellesley MA 02481 Direct mail consultant 0 0 18080 -18080 Veritus Group LLC 838 E High Street 292 Lexington KY 40502 Donor cultivation consultant 0 0 54136 -54136 TMS Call Center 435 NE Casper Street Roseburg OH 97470 Call center - TV 0 0 82694 -82694 8679863 650787 8029076 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Gala - Boca Grande 307230 307230 7355 Gala - Boca Gala 306842 240055 66787 162504 12 620378 561173 59205 25000 167325 1234450 1108458 125992 25000 337184 362184 -236192 334839 89496 0 334839 89496 89496 245343 FL 0 The Organization is not required to be licensed in the state of Florida. 0 1 0 1.00000 0.00000 Jeff Alexander 6401 Lyons Road Coconut Creek FL 330733602 0 0 Schedule G, Part I, Line 2, Column (iv): Consultants and call centers are paid for their services independent of the revenues generated by those activities. The amounts listed in column (v) are the amounts paid for their services. The gross receipts listed are the totals received for all TV activities, government contracts and radio campaigns, accordingly and, with the exception of government grants, are not necessarily a direct result of the activities of these professional fundraisers. 1 Adorer Missionary Sisters of the Poor PO Box 19895 West Palm Beach FL 334164895 454699950 501(c)(3) 28843 Charitable aid Caritas De Puerto Rico 201 Calle San Jorge San Juan PR 00902 920 5914058 FMV Personal care items, cleaning products, baby items, food. Charitable aid Catholic Charities of the Diocese of Raleigh - SDC Delivers Warehouse 530 Hinton Oaks Blvd Suite 400 Knightsdale NC 27616 501(c)(3) 813534 FMV Personal care items, cleaning products, baby items, food. Charitable aid Catholic Charities of the Diocese of Raleigh - Excel Moving Warehouse 2612 Discovery Drive Raleigh NC 27616 501(c)(3) 553187 FMV Personal care items, cleaning products, baby items, food. Charitable aid Crossroads Alliance Warehouse 195 SW 33rd Avenue Ocala FL 34474 841651362 501(c)(3) 663305 FMV Personal care items, cleaning products, baby items, food. Charitable aid Food Bank Council of Michigan 330 Marshall Street Suite 102 Lansing MI 48912 382515765 501(c)(3) 175000 Charitable aid Our Little Roses PO Box 530947 Miami Shores FL 33153 541663713 501(c)(3) 55000 Charitable aid Somers Department of Parks and Recreation 82 Primrose Street RT 139 Katonah NY 10536 6250 Charitable aid Stella MarinaChurch of the Nativity 6400 Nativity Lane Burke VA 22015 501(c)(3) 24474 Charitable aid Team of Life 2136 NW 8th Street Fort Lauderdale FL 33311 650979102 501(c)(3) 7000 Charitable aid The Capuchin Soup Kitchen of Detroit 1820 Mount Elliot St Detroit MI 48207 381525161 501(c)(3) 75000 Charitable aid USNS Comfort MTF 9551 Decatur Avenue Decatur VA 23511 24447 Charitable aid Water Missions International PO Box 31258 Charleston SC 29417 571116978 501(c)(3) 262481 Charitable aid Harvest Time International 225 North Kennel Road Sanford FL 32771 364567170 501(c)(3) 206598 FMV Personal care items, cleaning products, baby items, food. Charitable aid 11 3 Part I, Line 2: Feedback reports are received detailing how goods and grants to other organizations are used in the field. Email, phone calls, and other correspondence are made to communicate feedback as well. X X X 0 0 0 0 0 0 0 0 0 Robin G Mahfood Director, CEO, President 445463 0 0 0 0 0 0 0 28291 0 473754 0 0 0 Angel Aloma Executive Director 273808 0 1200 0 0 0 8216 0 14820 0 298044 0 0 0 Dennis A North CFO 182608 0 1200 0 0 0 5482 0 13442 0 202732 0 0 0 Mark Khouri Vice President 207529 0 1200 0 0 0 6265 0 15676 0 230670 0 0 0 Edward Raine Executive VP 227529 0 1200 0 0 0 6865 0 16129 0 251723 0 0 0 Alvaro J Pereira Speakers Director 231410 0 1200 0 0 0 6946 0 14649 0 254205 0 0 0 Natalie F Carlisle Major Gifts Director 197423 0 1200 0 0 0 1834 0 15414 0 215871 0 0 0 Michael Anton Projects Director 154840 0 1200 0 0 0 4966 0 23680 0 184686 0 0 0 Arthur Goldklang Shipping Director 154381 0 1200 0 0 0 4633 0 12868 0 173082 0 0 0 Frederick Khouri COO 152090 0 1200 0 0 0 4580 0 13484 0 171354 0 0 0 Kim Mahfood Family relationship with Robin G. Mahfood, CEO/President 95035 Compensation and benefits 0 Wendy Khouri Family relationship with Mark Khouri, Vice President 80538 Compensation and benefits 0 McCallen Kennedy Family relationship with P.Todd Kennedy, Chairman 22154 Compensation and benefits 0 Margaret Anton Family relationship with Ferdinand Mahfood, Founder 102678 Compensation and benefits 0 Gerald Mahfood Family relationship with Ferdinand Mahfood, Founder 54816 Compensation and benefits 0 X 15646807 Fair Value X 159907556 Fair Value X 4 43500 Fair Value X 1453 35092014 Fair Value X 16580 536286862 Fair Value - See Sch O X Building Materials 1732 32070509 Fair Value X Educational 1693 11284400 Fair Value X General Support 1621 9647108 Fair Value X Agriculture 34 2025357 Fair Value 0 0 1 0 Form 990, Part III, Line 1: Our mission is to link the church of the first world with the church of the third world in a manner that helps both the materially poor and the poor in spirit. The materially poor are served by local churches, clergy, and lay leaders who have been empowered and supplied with goods by Food For The Poor. The poor in spirit are renewed by their relationship with and service to the poor through our direct ministry of teaching, encouragement, and prayer. Ultimately, we seek to bring both benefactors and recipients to a closer union with our Lord. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and an initial draft of the Form 990 is reviewed by the President, CFO, and Controller for accuracy before the return is filed. The approved draft of the Form 990 is sent to the Audit Committee and Board for review and approval. Form 990, Part VI, Section B, line 12c Food for the Poor monitors and enforces compliance with the conflict of interest policy through annual related party confirmations signed by members of the board and by key employees. Executive Management and HR review the signed statements. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15a The board reviews comparability data and makes recommendations for approval of the President's compensation package. The President makes recommendations to the board regarding compensation of other key employees as part of the annual budgetary process. Deliberation regarding these decisions is recorded in the Board minutes. Form 990, Part VI, Section C, line 19 Food for the Poor makes its governing documents and conflict of interest policy available to the public upon request. The annual report contains a brief summary of the financial statements and the complete financial statements are made available upon request and on the Organization's website. Form 990, Part X, Lines 27-29: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 12/31/2018. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $24,286,815 Line 29 - Net assets with donor restrictions 1,478,794 Total net assets $25,765,609 Form 990, Part XII, Line 2c Food for the Poor has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Schedule M, Part I, Line 20 Pharmaceutical GIK contributions received are valued using costing data acquired from recognized and published resources and are valued at their estimated wholesale acquisition cost ("WAC") on a drug by drug basis. If WAC is not available, the Organization refers to the donor's value. This valuation policy most resembles one used by a wholesale distributor of goods, which is the market role the Organization has in the acquisition and shipment of pharmaceutical donations. Pharmaceutical GIK contributions acquired from non-U.S. donors for products legally permissible to be sold outside the United States are valued based upon the wholesale market price in the countries representing the principal exit markets for those products.