Civic Intelligence

Taste Project

990 • Fiscal year 2023 • EIN 45-5471587

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

1200 S Main StreetFort Worth, TX 76104

(817) 759-9045

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.11x

Higher debt load relative to assets than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

49th percentile

0.08x

Higher debt load relative to revenue than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

87th percentile

40%

Higher net margin than 87% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

62nd percentile

$87,309

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

95th percentile

106%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

90th percentile

88%

Faster revenue growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,956,360

Up $1,006,960 (+106%) from 2022

Net Assets

Up

$1,745,074

Up $1,033,237 (+145%) from 2022

Liabilities

Down

$211,286

Down $26,277 (-11%) from 2022

Revenue

Up

$2,612,437

Up $1,226,387 (+88%) from 2022

Expenses

Up

$1,579,200

Up $578,319 (+58%) from 2022

Net Income

Up

$1,033,237

Up $648,068 (+168%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2017: $436,798Liabilities 2017: $350,7802017Assets 2018: $492,125Liabilities 2018: $354,360Net Assets 2018: $137,7652018Assets 2019: $469,040Liabilities 2019: $332,170Net Assets 2019: $136,8702019Assets 2020: $491,440Liabilities 2020: $350,855Net Assets 2020: $140,5852020Assets 2021: $592,785Liabilities 2021: $266,117Net Assets 2021: $326,6682021Assets 2022: $949,400Liabilities 2022: $237,563Net Assets 2022: $711,8372022Assets 2023: $1,956,360Liabilities 2023: $211,286Net Assets 2023: $1,745,0742023Assets 2024: $2,749,166Liabilities 2024: $194,393Net Assets 2024: $2,554,7732024

Highlighted filing

2023

Assets$1,956,360
Liabilities$211,286
Net Assets$1,745,074

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $157,639Expenses 2017: $171,752Net Income 2017: -$14,1132017Revenue 2018: $475,423Expenses 2018: $421,525Net Income 2018: $53,8982018Revenue 2019: $543,626Expenses 2019: $551,457Net Income 2019: -$7,8312019Revenue 2020: $594,610Expenses 2020: $597,646Net Income 2020: -$3,0362020Revenue 2021: $950,457Expenses 2021: $764,374Net Income 2021: $186,0832021Revenue 2022: $1,386,050Expenses 2022: $1,000,881Net Income 2022: $385,1692022Revenue 2023: $2,612,437Expenses 2023: $1,579,200Net Income 2023: $1,033,2372023Revenue 2024: $2,786,684Expenses 2024: $1,976,985Net Income 2024: $809,6992024

Highlighted filing

2023

Revenue$2,612,437
Expenses$1,579,200
Net Income$1,033,237
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$2,620,809
Mission and Program Overview

Mission

To feed, educate and serve our community so they may "...taste and see the Lord is good." We believe everyone should have access to healthy and nutritious food.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$407,021$1,041,173▲ $634,152
Cash and Non-Interest-Bearing Accounts$533,876$885,318▲ $351,442
Loans From Officers Directors$135,546$114,982▼ $20,564
Accounts Receivable$5,000$21,167▲ $16,167
Inventories for Sale or Use$1,029$6,228▲ $5,199
Total Assets$949,400$1,956,360▲ $1,006,960
Other Assets Total$2,474$2,474→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$100,485$86,134▼ $14,351
Accounts Payable and Accrued Expenses$1,532$10,170▲ $8,638
Total Liabilities$237,563$211,286▼ $26,277
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$885,857▲ $885,857
Net Assets Without Donor Restrictions$711,837$859,217▲ $147,380
Total Net Assets Fund Balance$711,837$1,745,074▲ $1,033,237
Total Liabilities and Net Assets / Fund Balance$949,400$1,956,360▲ $1,006,960

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,004,179$107,223$1,111,402
Leasehold Improvements$25,902$11,098$37,000
Equipment$8,902$9,262$18,164
Other Land Buildings$2,190$2,277$4,467
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeff WilliamsExecutive DirectorFT$87,309$87,309
Julie WilliamsBoard Vice PresidentFT$3,753$3,753

Board Members and Trustees

NameTitle
Brian WronkoBoard President
William Bill ChubbBoard Vice President
Eric BehnBoard Member
Greg NelsonBoard Member
Tyler DavisBoard Member
Bonnie WilsonBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,111,103
Program Service Revenue
$492,277
Investment Income
$0
Other Revenue
$9,057
All Other Contributions
$1,668,396
Change in Net Assets
$1,033,237

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table8$15,661Fair Market Value
Food Inventory44$10,373Fair Market Value
Other Non Cash Contri Table9$2,266Fair Market Value
Total Noncash Contributions61$28,300-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$995,398
Salaries, Compensation, and Employee Benefits$583,802
Total Fundraising Expense$106,536
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$378,785-$43,250$422,035
Occupancy$156,196$4,504-$160,700
Current Officers, Directors, Trustees, and Key Employees$91,386--$91,386
Fees for Services Other$81,121-$4,500$85,621
Advertising$30,329$1,670$30,437$62,436
Payroll Taxes$40,650$1,005$4,671$46,326
Fees for Services Accounting-$44,189-$44,189
Depreciation Depletion$31,641--$31,641
Other Employee Benefits$19,115$745$4,195$24,055
Interest$14,878--$14,878
Information Technology$10,255$513$450$11,218
Office Expenses$7,122$1,410$223$8,755
Other Expenses$2,995$720$0$2,995
Travel$2$2,474-$2,476
Total Functional Expenses$1,380,588$92,076$106,536$1,579,200
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,937
Fundraising Direct Expenses$4,000
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$135,546$114,982▼ $20,564
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Jeff and julie williams have a family relationship.

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

Our bylaws require that the 990 is provided to all board members 10 days prior to filing.

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

Board members disclose conflicts at the annual board meeting.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available to public upon request.

Filing and Contact Details

Filer

Filer Name
Taste Project
EIN
45-5471587
Phone
8177599045
Address
1200 S MAIN STREET, FORT WORTH, TX 76104

Signing Officer

Name
Jeff Williams
Title
Executive Director
Phone
8177599045
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Williams
Formed
2012
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
6
Employees
19
Volunteers
1,037

Preparer

Firm
Whitley Penn Llp
Address
640 TAYLOR STREET SUITE 2200, FT WORTH, TX 76102
Preparer
Emily Landry
Phone
8172599100
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IRS990/ReportOtherLiabilitiesInd00
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt037790
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt039652
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0204302
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt09262
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018164
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt025902
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JEFF WILLIAMS
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0MEDICAL SUPPLIES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1SUPPLIES AND TOOLS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0SCHEDULE M REFLECTS THE NUMBER OF CONTRIBUTIONS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JEFF AND JULIE WILLIAMS HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OUR BYLAWS REQUIRE THAT THE 990 IS PROVIDED TO ALL BOARD MEMBERS 10 DAYS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS DISCLOSE CONFLICTS AT THE ANNUAL BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

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