Fresh Foundation FY2023 filing

Tax-deductible

Norwood, CO501(c)(3)Food & AgricultureEIN 85-0848797Revenue $178K in FY2023

On file with the IRSfreshfoodhub.netPo Box 82, 81423-0082 · Norwood, COTax-exempt since Oct 2020Publicly supported — 509(a)(2)

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Providing local food to those in need through our wholesale program and donations from community members.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$30K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $43K a year · 22% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $49K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$178K
+186% vs prior year
Spent
$149K
To programs
96%
Net assets
$99K
By yearFY2021–FY2024
Revenue
$178K
FY2023▲ +186%
Tap a bar for its year
Revenue by fiscal year
FY2021$244K
FY2022$62K
FY2023$178K
FY2024$279K
Expenses
$149K
FY2023▲ +130%
Tap a bar for its year
Expenses by fiscal year
FY2021$172K
FY2022$65K
FY2023$149K
FY2024$208K
Net assets
$99K
FY2023▲ +41%
Tap a bar for its year
Net assets by fiscal year
FY2021$73K
FY2022$70K
FY2023$99K
FY2024$171K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2020.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $143K Management & general 4% · $6K

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

5 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation
$19,081Pt VII · Sec A
$11,306Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Samantha Andrews’s $19K as Secretary is at the 20th percentile of top reported officer pay among 1172 $100K–1M food & agriculture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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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

Distributes local food to those in need via wholesale and community donations.

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Provided by the organization

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1 program · $143K · in their own filed words · FY2023
01

The organization operates a wholesale program for local food access including offering subsidies to local food banks and other non-profit organizations to support and grow regional food security programs and staffing and running the norwood food pantry.

$143Kprogram 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
Total grants receivedfrom 2 funders$49K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$178K
Ln 12
Other incomeLn 4–11$107K
Gifts and grantsLn 1h$71K
Investment incomeLn 3$621
Money outPt IX
$149K
Ln 25
Programscol B$143K
Managementcol C$6K
Owns and owesPt X
$99K
net assets · Ln 32
Cash and savingsLn 1–2$100K
Total assetsLn 16$101K
LiabilitiesLn 26$2K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$71K
Investment incomeLn 3$621
Other incomeLn 4–11$107K
Total revenueLn 12$178K
Assets in detailPt X, end of year
CashLn 1$100K
Cash and savings togetherLn 1–2$100K
Other assetsLn 15$1K
Total assetsLn 16$101K
LiabilitiesLn 26$2K
Net assetsLn 32$99K
OperationsPt I, VI
EmployeesI 52
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$71K$100K
Total assetsLn 16$71K$101K
LiabilitiesLn 26$1K$2K
Net assetsLn 32$70K$99K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$60K$60K
Payroll taxesLn 10$5K$5K
Legal feesLn 11b$3K$3K
Office expensesLn 13$2K$2K
OccupancyLn 16$910$910
InsuranceLn 23$3K$2K$956
Other expenses (24a–d)Ln 24$74K$74K
Total functional expensesLn 25$149K$143K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $279K$208K$72K$171K 990 PDF
FY2023 Viewing $178K$149K$29K$99K 990 PDF
FY2022 $62K$65K−$3K$70K 990 PDF
FY2021 $244K$172K$73K$73K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $177,744 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $42,645$70,588
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2$621
I-11 Other revenuePrior year $19,535$106,535
I-12 Total revenuePrior year $62,182$177,744
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,316$65,699
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $51,413$82,913
I-18 Total expensesPrior year $64,729$148,612
I-19 Revenue less expensesPrior year −$2,547$29,132
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $177,744 across 4 lines filed
Lines not itemized here account for $106,535 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$70,588
VIII-1h Total contributions, gifts and grants$70,588
VIII-3 Investment incomeExcluded from tax $621$621
VIII-12 Total revenueRelated to mission $106,535 · Unrelated business $0 · Excluded from tax $621$177,744
Part IX · Statement of functional expenses $148,612 across 7 lines filed
IX-7 Other salaries and wagesPrograms $60,441$60,441
IX-10 Payroll taxesPrograms $5,258$5,258
IX-11b Legal feesManagement $3,220$3,220
IX-13 Office expensesManagement $1,856$1,856
IX-16 OccupancyPrograms $910$910
IX-23 InsurancePrograms $1,864 · Management $956$2,820
IX-24 Other expenses (24a–d)Programs $74,107$74,107
IX-25 Total functional expensesPrograms $142,580 · Management $6,032 · Fundraising $0$148,612
Part X · Balance sheet $101,297 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $71,307$100,297
X-15 Other assetsStart of year $0$1,000
X-16 Total assetsStart of year $71,307$101,297
X-17 Accounts payable and accrued expensesStart of year $1,079$1,937
X-26 Total liabilitiesStart of year $1,079$1,937
X-27 Net assets without donor restrictionsStart of year $70,228$99,360
X-32 Total net assets or fund balancesStart of year $70,228$99,360
X-33 Total liabilities and net assetsStart of year $71,307$101,297
Part XI · Reconciliation of net assets $99,360 net assets at year end
XI-1 Total revenue$177,744
XI-2 Total expenses$148,612
XI-3 Revenue less expenses$29,132
XI-4 Net assets at start of year$70,228
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$99,360

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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