Civic Intelligence

Freestore Foodbank Inc

EIN 23-7122205 • 501(c)3 • Cincinnati, OH

View Organization Page

Profile

Improve lives by eliminating hunger in partnership with our community.

3401 Rosenthal WayCincinnati, OH 45204

www.freestorefoodbank.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.58x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

59th percentile

0.48x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

31st percentile

-0.4%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$392,076

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

25th percentile

-0.3%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

18th percentile

-7.0%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$72,580,340

Down $2,979,720 (-3.9%) from 2023

Liabilities

Down

$41,628,543

Down $1,424,975 (-3.3%) from 2023

Net Assets

Down

$30,951,797

Down $1,554,745 (-4.8%) from 2023

Operations
Liabilities / Revenue59th percentileNet Margin31st percentile

Revenue

Up

$94,237,479

Up $19,983,578 (+27%) from 2023

Expenses

Up

$95,805,483

Up $25,272,009 (+36%) from 2023

Net Income

Down

-$1,568,004

Down $5,288,431 (-142%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth25th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $9,943,183Liabilities 2011: $2,141,924Net Assets 2011: $7,801,2592011Assets 2012: $9,869,226Liabilities 2012: $2,385,148Net Assets 2012: $7,484,0782012Assets 2013: $6,520,757Liabilities 2013: $1,658,023Net Assets 2013: $4,862,7342013Assets 2014: $8,821,465Liabilities 2014: $2,122,682Net Assets 2014: $6,698,7832014Assets 2015: $8,100,071Liabilities 2015: $2,064,238Net Assets 2015: $6,035,8332015Assets 2016: $10,278,480Liabilities 2016: $2,084,815Net Assets 2016: $8,193,6652016Assets 2017: $8,381,917Liabilities 2017: $2,140,490Net Assets 2017: $6,241,4272017Assets 2018: $9,075,345Liabilities 2018: $2,482,989Net Assets 2018: $6,592,3562018Assets 2019: $9,896,818Liabilities 2019: $2,265,003Net Assets 2019: $7,631,8152019Assets 2020: $37,972,513Liabilities 2020: $3,695,364Net Assets 2020: $34,277,1492020Assets 2021: $43,700,173Liabilities 2021: $3,904,938Net Assets 2021: $39,795,2352021Assets 2022: $64,026,433Liabilities 2022: $35,241,682Net Assets 2022: $28,784,7512022Assets 2023: $75,560,060Liabilities 2023: $43,053,518Net Assets 2023: $32,506,5422023Assets 2024: $72,580,340Liabilities 2024: $41,628,543Net Assets 2024: $30,951,7972024

Highlighted filing

2024

Assets$72,580,340
Liabilities$41,628,543
Net Assets$30,951,797
Open 2024 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2011: $48,528,9092011Expenses 2012: $56,096,1852012Expenses 2013: $60,559,2842013Revenue 2014: $64,561,097Expenses 2014: $62,749,088Net Income 2014: $1,812,0092014Revenue 2015: $50,629,668Expenses 2015: $51,275,131Net Income 2015: -$645,4632015Revenue 2016: $61,171,718Expenses 2016: $58,997,503Net Income 2016: $2,174,2152016Revenue 2017: $54,394,800Expenses 2017: $56,360,152Net Income 2017: -$1,965,3522017Revenue 2018: $58,482,890Expenses 2018: $58,136,303Net Income 2018: $346,5872018Revenue 2019: $67,509,694Expenses 2019: $66,463,548Net Income 2019: $1,046,1462019Revenue 2020: $97,960,080Expenses 2020: $71,309,298Net Income 2020: $26,650,7822020Revenue 2021: $84,720,917Expenses 2021: $79,235,084Net Income 2021: $5,485,8332021Revenue 2022: $78,676,919Expenses 2022: $89,645,569Net Income 2022: -$10,968,6502022Revenue 2023: $74,253,901Expenses 2023: $70,533,474Net Income 2023: $3,720,4272023Revenue 2024: $94,237,479Expenses 2024: $95,805,483Net Income 2024: -$1,568,0042024

Highlighted filing

2024

Revenue$94,237,479
Expenses$95,805,483
Net Income-$1,568,004
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$72,580,340
Liabilities
$41,628,543
Net assets
$30,951,797
Revenue
$94,237,479
Expenses
$95,805,483
Net income
-$1,568,004
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$72.6$41.6$31.0$94.2$95.8$1.57
2023Detailed filing. Detailed filing data is available for this year.$75.6$43.1$32.5$74.3$70.5$3.72
2022Detailed filing. Detailed filing data is available for this year.$64.0$35.2$28.8$78.7$89.6$11.0
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.7$3.90$39.8$84.7$79.2$5.49
2020Detailed filing. Detailed filing data is available for this year.$38.0$3.70$34.3$98.0$71.3$26.7
2019Detailed filing. Detailed filing data is available for this year.$9.90$2.27$7.63$67.5$66.5$1.05
2018Detailed filing. Detailed filing data is available for this year.$9.08$2.48$6.59$58.5$58.1$0.35
2017Detailed filing. Detailed filing data is available for this year.$8.38$2.14$6.24$54.4$56.4$1.97
2016Detailed filing. Detailed filing data is available for this year.$10.3$2.08$8.19$61.2$59.0$2.17
2015Detailed filing. Detailed filing data is available for this year.$8.10$2.06$6.04$50.6$51.3$0.65
2014Detailed filing. Detailed filing data is available for this year.$8.82$2.12$6.70$64.6$62.7$1.81
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.52$1.66$4.86$60.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.87$2.39$7.48$56.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.94$2.14$7.80$48.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 11, 2024
Return Version
2023v5.1
Gross Receipts
$95,074,764
Mission and Program Overview

Mission

Improve lives by eliminating hunger in partnership with our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$34,923,989$34,588,950▼ $335,039
Savings and Temporary Cash Investments$15,076,983$15,810,027▲ $733,044
Inventories for Sale or Use$4,336,624$4,896,108▲ $559,484
Pledges and Grants Receivable$5,291,286$2,003,829▼ $3,287,457
Accounts Receivable$1,324,850$1,341,291▲ $16,441
Investments Other Securities$255,839$271,642▲ $15,803
Prepaid Expenses and Deferred Charges$334,433$256,127▼ $78,306
Cash and Non-Interest-Bearing Accounts$36,595$37,542▲ $947
Total Assets$75,560,060$72,580,340▼ $2,979,720
Other Assets Total$13,979,461$13,374,824▼ $604,637
Liabilities
Unsecured Notes Loans Payable$24,123,018$23,475,000▼ $648,018
Other Liabilities$14,115,367$14,553,899▲ $438,532
Accounts Payable and Accrued Expenses$3,612,293$2,524,251▼ $1,088,042
Escrow Account Liability$1,202,840$1,075,393▼ $127,447
Total Liabilities$43,053,518$41,628,543▼ $1,424,975
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,526,545$27,524,481▲ $1,997,936
Net Assets With Donor Restrictions$6,979,997$3,427,316▼ $3,552,681
Total Net Assets Fund Balance$32,506,542$30,951,797▼ $1,554,745
Total Liabilities and Net Assets / Fund Balance$75,560,060$72,580,340▼ $2,979,720

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,161,836$755,308$26,917,144
Land$4,772,479-$4,772,479
Equipment$2,918,926$1,380,409$4,299,335
Other Land Buildings$735,709$1,202,943$1,938,652
Other Assets Org$13,335,919--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$19,113,213$2,720,208▲ $2,210,135-$22,767,892
2022$16,523,869$2,067,263▲ $1,738,089-$19,113,213
2021$19,957,985$465,860▼ $2,679,993-$16,523,869
2020$11,692,773$6,726,518▲ $2,552,601-$19,957,985
2019$11,999,135$477,605▲ $193,150-$11,692,773
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kurt L ReiberCEO / PresidentFT$254,500$131,438$385,938
Timothy WeidnerChief Financial OfficerFT$198,371$106,264$304,635
Trisha RaynerChief Development OfficerFT$172,009$73,829$245,838
Valarie BoykinsVP of Human ResourcesFT$141,701$83,645$225,346
Aaron GinnDirector of Supply ChainFT$102,970$51,578$154,548
Jennifer EmersonControllerFT$112,859$33,556$146,415
Anthony LavatoriDirector of Workforce DeveFT$117,051$28,850$145,901
Michael ClayDirector of Development OpFT$114,639$25,119$139,758
Angela KingDirector of Social ServiceFT$113,338$6,351$119,689

Board Members and Trustees

NameTitle
Marty DunnBoard Chair
Dwinelva ZackeryChair Elect
Henry KaramanoukianVice Chair - Development
Jenny BergVice Chair - Governance & Trusteeship Committee
Alen AminiBoard Member
Ann ReedBoard Member
Anne Lilly ConeBoard Member
Bob BaerBoard Member
Brett BlackwellBoard Member
Cassandra BarhamBoard Member
Damon AllenBoard Member
David FreitasBoard Member
David TaylorBoard Member
Dick RosenthalBoard Member
Jim DressmanBoard Member
Joe AlterBoard Member
Julie McgeheeBoard Member
Meghan MullikinBoard Member
Melissa KleinBoard Member
Paula NeisesBoard Member
Peggy ZinkBoard Member
Ramon RodriguezBoard Member
Richard VaughanBoard Member
Sue BaggottBoard Member
Tom KirkwoodBoard Member
Warren WeberBoard Member
Eric KearneyBoard Secretary
Mike HaughtBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Truesense MarketingConsulting/direct Mail502 KEYSTONE DR, Warrendale, PA 15086$1,278,891
Abm Industry Groups LLCJanitorial Services14141 SW FREEWAY STE 400, Sugar Land, TX 77478$127,803
Revenue and Support

Revenue Composition

Contributions and Grants
$89,493,119
Program Service Revenue
$4,122,417
Investment Income
$493,997
Other Revenue
$127,946
All Other Contributions
$66,807,717
Change in Net Assets
$-1,568,004

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory130$65,502,898Opinion of Experts
Total Noncash Contributions130$65,502,898-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,791,388
Salaries, Compensation, and Employee Benefits$12,094,646
Total Fundraising Expense$2,692,112
Professional Fundraising Fees$1,278,891
Grants and Similar Amounts Paid$640,558

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,812,198$1,512,185$765,036$8,089,419
Other Employee Benefits$1,344,642$604,704$170,779$2,120,125
Occupancy$1,713,244$135,082$79,218$1,927,544
Depreciation Depletion$970,202$265,257$97,293$1,332,752
Fees for Services Professional Fundraising--$1,278,891$1,278,891
Current Officers, Directors, Trustees, and Key Employees$560,453$471,163$130,141$1,161,757
All Other Expenses$531,018$229,676$10,834$771,528
Payroll Taxes$431,976$226,000$65,369$723,345
Other Expenses$630,959$52,711$742$684,412
Grants to Domestic Orgs$640,558--$640,558
Fees for Services Other$471,004$14,220$42,648$527,872
Information Technology$266,265$175,371-$441,636
Interest$161,877$113,601$36,914$312,392
Conferences and Meetings$78,307$116,270$6,592$201,169
Office Expenses$124,283$33,868-$158,151
Insurance$30,526$33,827$3,965$68,318
Fees for Services Accounting$22,283$11,779$3,690$37,752
Fees for Services Legal-$25,880-$25,880
Total Functional Expenses$89,091,777$4,021,594$2,692,112$95,805,483
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
QUEEN MOTHER'S MARKET COOPERATIVECincinnati, OH501(c)(3)Build Capacity to Distribute Food$230,000
Community Economic Advancement Initiatives (ceai)Cincinnati, OH501(c)(3)Build Capacity to Distribute Food$82,867
Inter Parish MinistryNewtown, OH501(c)(3)Build Capacity to Distribute Food$41,300
Isaiah 55 IncCincinnati, OH501(c)(3)Build Capacity to Distribute Food$40,000
Your Store of the Queen CityCincinnati, OH501(c)(3)Build Capacity to Distribute Food$28,870
Society of St Vincent De Paul (svdp)Cincinnati, OH501(c)(3)Build Capacity to Distribute Food$9,000
Islamic Association of CincinnatiCincinnati, OH501(c)(3)Build Capacity to Distribute Food$6,000
Community Action Committee of Pike CountyPiketon, OH501(c)(3)Build Capacity to Distribute Food$2,404
Be ConcernedCovington, KY501(c)(3)Build Capacity to Distribute Food$35
Catholic Charities of Southwestern OhioCincinnati, OH501(c)(3)Build Capacity to Distribute Food$0
Cmhc - Incompass Health Care Food PantryVevay, IN501(c)(3)Build Capacity to Distribute Food$0
Food From the HeartOwenton, KY501(c)(3)Build Capacity to Distribute Food$0
Rarden Daily BreadRarden, OH501(c)(3)Build Capacity to Distribute Food$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,278,891
Fundraising Gross Income$940,486
Fundraising Direct Expenses$812,540

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Rubber Duck Regatta$1,013,696$826,130$385,318$440,812
Taste of Nfl$328,612$105,645$100,730$4,915
Total Events$1,467,320$940,486$812,540$127,946
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$14,553,899
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 and supporting schedules are reviewed by the finance committee of the board before filing with the taxing authorities.”

Form 990, Part VI, Section B, Line 12C

“The organization reviews its policies annually and the team members are required to review and sign off on any changes made.”

Form 990, Part VI, Section B, Line 15

“The executive committee of the board of directors reviews the ceo and considers a recommendation made by the board chair. The approved action is reported to the board of directors.”

Form 990, Part VI, Section C, Line 19

“These are available upon request. The contact person is indicated on the website.”

Filing and Contact Details

Filer

Filer Name
Freestore Foodbank Inc
EIN
23-7122205
Phone
5134824500
Address
3401 ROSENTHAL WAY, CINCINNATI, OH 45204

Signing Officer

Name
Timothy Weidner
Title
Chief Financial Officer
Phone
5134827530
Signed
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kurt Reiber
Formed
1971
Legal Domicile
Oh
Voting Board Members
28
Independent Board Members
28
Employees
161
Volunteers
11,654

Preparer

Firm
Clark Schaefer Hackett & Co
Address
1 EAST 4TH STREET, CINCINNATI, OH 45202
Preparer
Natosha Carr
Phone
5132413111
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in interest in foundation & irrevocable trusts 13,260.”

FORM 990, PART XII, LINE 2C:

“The oversight process has not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“The agency receives social security and ssi benefits for customers who cannot manage their money. The payee is responsible for using the benefits to pay for current and foreseeable needs and to save any benefits not needed for current needs. The agency managed monthly receipts averaging $630,388 and $624,531 for the years ending june 30, 2024 and 2023, respectively.”

PART V, LINE 4:

“The freestore foodbank is the sole beneficiary of the endowment funds. The organization is provided income on a dependable, year-to-year basis, helping ensure the freestore foodbank's long-term financial stability.”

Raw XML AppendixShowing 400 of 1,240 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Desc0FREESTORE FOODBANK HAS SERVED OUR NEIGHBORS IN NEED FOR 53 YEARS, STARTING IN CINCINNATI, OHIO AND EXPANDING TO A 20-COUNTY REGION IN OHIO, KENTUCKY AND INDIANA. THE MISSION OF FREESTORE FOODBANK IS TO IMPROVE LIVES BY ELIMINATING HUNGER IN PARTNERSHIP WITH OUR COMMUNITY. OUR VISION IS A HUNGER-FREE, HEALTHY, AND THRIVING COMMUNITY. TO ACHIEVE THIS VISION, OUR OBJECTIVES ARE TO PROVIDE NUTRITIOUS FOOD, CONNECT FAMILIES TO SUPPORTIVE SERVICES AND ENSURE HOPE THROUGH PATHWAYS FROM CRISIS TO STABILITY INCLUDING PROGRAMS FOR LONG-TERM STABILITY AND WORKFORCE DEVELOPMENT. THE MAJORITY OF THE ORGANIZATION'S REVENUE COMES FROM FOOD AND PRODUCT DONATIONS (NON-CASH CONTRIBUTIONS). FINANCIAL CONTRIBUTIONS ARE OBTAINED TO SUPPORT OUR PROGRAMS AND SERVICES WITH THE GOAL OF ELIMINATING FOOD INSECURITY IN OUR REGION. FREESTORE FOODBANK SUPPLIED OVER 39 MILLION MEALS IN THE 2024 FISCAL YEAR, HELPING TO SERVE THE 250,000 FOOD INSECURE INDIVIDUALS IN OUR REGION (ACCORDING TO FEEDING AMERICA'S MAP THE MEAL GAP). A TRUSTED NETWORK OF MORE THAN 540 COMMUNITY PARTNERS HELPS FREESTORE FOODBANK TO DISTRIBUTE EMERGENCY FOOD AND OTHER SOCIAL SERVICES. MEMBER AGENCIES INCLUDE: SOUP KITCHENS, SHELTERS, FOOD PANTRIES, CHURCHES, DAYCARE CENTERS, SENIOR CENTERS, SCHOOL PROGRAM SITES AND OTHER COMMUNITY AND SOCIAL SERVICE ORGANIZATIONS. TOGETHER, WE CAN SOLVE HUNGER!
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