Hosco Shift INC: Nonprofit Profile, Financials & Form 990 (EIN 47-3042884)

Revenue by fiscal year
FY2020	$1.1M
FY2021	$1.4M
FY2022	$1.4M
FY2023	$880K
FY2024	$1.2M

Expenses by fiscal year
FY2020	$937K
FY2021	$1.1M
FY2022	$1.4M
FY2023	$1.1M
FY2024	$890K

Net assets by fiscal year
FY2020	$244K
FY2021	$582K
FY2022	$617K
FY2023	$408K
FY2024	$759K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

55 cents of each dollar spent went to programs.

55%

45%

Program services 55% · $490K Management & general 45% · $400K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Gibron Jones

Executive Director

$0Pt VII · Sec A

See Hosco Shift INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Incubates food businesses in underserved communities, creating local jobs and improving residents' quality of life.

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Provided by the organization

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1 program · $490K · in their own filed words · FY2024

01

HOSCO is a community partner that provides diabetic friendly and renal and heart healthy meals to senior buildings for municipal partners. We also provide diabetic meals through our Food is Medicine Program to hospital outpatients and work with healthcrae partners to improve the health of outpatients to lower their A1C blood sugar levels.

$490Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Rio Vista FoundationFY2024$500K

Mound City FoundationFY2024$91K

Total grants receivedfrom 2 funders$591K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.2M

Ln 12

Fees for servicesLn 2g$985K

Gifts and grantsLn 1h$255K

Money outPt IX

$890K

Ln 25

Programscol B$490K

Managementcol C$400K

Owns and owesPt X

$759K

net assets · Ln 32

Cash and savingsLn 1–2$818K

Total assetsLn 16$1.9M

LiabilitiesLn 26$1.1M

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$255K

Fees for servicesLn 2g$985K

Total revenueLn 12$1.2M

Assets in detailPt X, end of year

CashLn 1$782K

SavingsLn 2$36K

Cash and savings togetherLn 1–2$818K

Total assetsLn 16$1.9M

LiabilitiesLn 26$1.1M

Net assetsLn 32$759K

OperationsPt I, VI

EmployeesI 50

VolunteersI 625

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$392K	$818K
Total assetsLn 16	$1.9M	$1.9M
LiabilitiesLn 26	$1.5M	$1.1M
Net assetsLn 32	$408K	$759K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$188K		$188K
Legal feesLn 11b	$25K		$25K
Accounting feesLn 11c	$39K		$39K
Advertising and promotionLn 12	$51K		$51K
Office expensesLn 13	$6K		$6K
Information technologyLn 14	$46K		$46K
TravelLn 17	$18K	$9K	$9K
InterestLn 20	$8K		$8K
Depreciation, depletion and amortizationLn 22	$36K	$9K	$27K
Other expenses (24a–d)Ln 24	$469K	$469K
All other expensesLn 24e	$3K	$3K
Total functional expensesLn 25	$890K	$490K	$400K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$1.2M	$890K	$350K	$759K	990 PDF
FY2023	$880K	$1.1M	−$209K	$408K	990 PDF
FY2022	$1.4M	$1.4M	−$68K	$617K	990 PDF
FY2021	$1.4M	$1.1M	$318K	$582K	990 PDF
FY2020	$1.1M	$937K	$144K	$244K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $1,240,147 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $500,000$255,000

I-9 Program service revenuePrior year $379,691$985,147

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $879,691$1,240,147

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $629,573$188,213

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $458,751$701,444

I-18 Total expensesPrior year $1,088,324$889,657

I-19 Revenue less expensesPrior year −$208,633$350,490

Part VI · Governance 4 of 6 board members independent, 2 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members4

VI-12a Written conflict of interest policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $1,240,147 across 5 lines filed

VIII-1f All other contributions, gifts and grants$255,000

VIII-1h Total contributions, gifts and grants$255,000

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $985,147$985,147

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $985,147 · Unrelated business $0 · Excluded from tax $0$1,240,147

Part IX · Statement of functional expenses $889,657 across 11 lines filed

IX-7 Other salaries and wagesManagement $188,213$188,213

IX-11b Legal feesManagement $25,000$25,000

IX-11c Accounting feesManagement $39,000$39,000

IX-12 Advertising and promotionManagement $51,304$51,304

IX-13 Office expensesManagement $6,219$6,219

IX-14 Information technologyManagement $45,723$45,723

IX-17 TravelPrograms $9,013 · Management $9,013$18,026

IX-20 InterestManagement $8,022$8,022

IX-22 Depreciation, depletion and amortizationPrograms $9,066 · Management $27,113$36,179

IX-24 Other expenses (24a–d)Programs $469,168$469,168

IX-24e All other expensesPrograms $2,803$2,803

IX-25 Total functional expensesPrograms $490,050 · Management $399,607 · Fundraising $0$889,657

Part X · Balance sheet $1,895,227 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $301,850$782,377

X-2 Savings and temporary cash investmentsStart of year $90,000$36,000

X-3 Pledges and grants receivableStart of year $650,000$255,000

X-4 Accounts receivableStart of year $605,000$800,000

X-8 Inventories for sale or useStart of year $260,405$21,850

X-16 Total assetsStart of year $1,907,255$1,895,227

X-17 Accounts payable and accrued expensesStart of year $112,302$150,229

X-24 Unsecured notes and loans payableStart of year $1,386,915$986,470

X-26 Total liabilitiesStart of year $1,499,217$1,136,699

X-27 Net assets without donor restrictionsStart of year $408,038$758,528

X-32 Total net assets or fund balancesStart of year $408,038$758,528

X-33 Total liabilities and net assetsStart of year $1,907,255$1,895,227

Part XI · Reconciliation of net assets $758,528 net assets at year end

XI-1 Total revenue$1,240,147

XI-2 Total expenses$889,657

XI-3 Revenue less expenses$350,490

XI-4 Net assets at start of year$408,038

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$758,528

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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