Civic Intelligence

Feeding the Valley Inc.

990 • Fiscal year 2019 • EIN 58-1498131

Jul 01, 2018 to Jun 30, 2019 • Filed on May 11, 2020

PO Box 8904Columbus, GA 31908

(706) 561-4755

Siviq Scores

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

Liabilities / Assets

81st percentile

0.60x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

2.47x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

22nd percentile

-7.6%

Higher net margin than 22% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

40th percentile

$101,050

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

43rd percentile

1.3%

Faster asset growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2019

Revenue Growth

37th percentile

-0.4%

Faster revenue growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2019

Assets

Up

$9,866,368

Up $247,598 (+2.6%) from 2017

Net Assets

Down

$3,985,878

Down $593,403 (-13%) from 2017

Liabilities

Up

$5,880,490

Up $841,001 (+17%) from 2017

Revenue

Down

$2,383,892

Down $18,683 (-0.8%) from 2017

Expenses

Up

$2,564,115

Up $343,969 (+15%) from 2017

Net Income

Down

-$180,223

Down $362,652 (-199%) from 2017

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $2,739,225Liabilities 2010: $1,411,742Net Assets 2010: $1,327,4832010Assets 2011: $3,482,141Liabilities 2011: $2,132,493Net Assets 2011: $1,349,6482011Assets 2012: $4,024,053Liabilities 2012: $2,480,778Net Assets 2012: $1,543,2752012Assets 2013: $3,900,425Liabilities 2013: $1,998,969Net Assets 2013: $1,901,4562013Assets 2014: $5,197,975Liabilities 2014: $1,876,847Net Assets 2014: $3,321,1282014Assets 2015: $5,275,164Liabilities 2015: $2,145,924Net Assets 2015: $3,129,2402015Assets 2016: $6,446,784Liabilities 2016: $2,049,932Net Assets 2016: $4,396,8522016Assets 2017: $9,618,770Liabilities 2017: $5,039,489Net Assets 2017: $4,579,2812017Assets 2019: $9,866,368Liabilities 2019: $5,880,490Net Assets 2019: $3,985,8782019Assets 2020: $11,793,229Liabilities 2020: $4,599,559Net Assets 2020: $7,193,6702020Assets 2021: $17,022,630Liabilities 2021: $4,159,711Net Assets 2021: $12,862,9192021Assets 2022: $16,476,575Liabilities 2022: $2,205,048Net Assets 2022: $14,271,5272022Assets 2023: $18,811,185Liabilities 2023: $2,242,057Net Assets 2023: $16,569,1282023

Highlighted filing

2019

Assets$9,866,368
Liabilities$5,880,490
Net Assets$3,985,878

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $1,263,0022010Expenses 2011: $1,457,3582011Expenses 2012: $1,405,0112012Expenses 2013: $1,626,5452013Revenue 2014: $3,289,772Expenses 2014: $1,870,100Net Income 2014: $1,419,6722014Revenue 2015: $1,846,578Expenses 2015: $2,038,466Net Income 2015: -$191,8882015Revenue 2016: $3,458,024Expenses 2016: $2,190,412Net Income 2016: $1,267,6122016Revenue 2017: $2,402,575Expenses 2017: $2,220,146Net Income 2017: $182,4292017Revenue 2019: $2,383,892Expenses 2019: $2,564,115Net Income 2019: -$180,2232019Revenue 2020: $6,404,743Expenses 2020: $3,196,951Net Income 2020: $3,207,7922020Revenue 2021: $8,643,391Expenses 2021: $2,972,473Net Income 2021: $5,670,9182021Revenue 2022: $22,370,565Expenses 2022: $20,894,752Net Income 2022: $1,475,8132022Revenue 2023: $26,953,500Expenses 2023: $24,655,899Net Income 2023: $2,297,6012023

Highlighted filing

2019

Revenue$2,383,892
Expenses$2,564,115
Net Income-$180,223
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 11, 2020
Return Version
2018v3.1
Gross Receipts
$2,383,892
Mission and Program Overview

Mission

Feeding the Valleys mission is to empower our neighbors to overcome hunger by ensuring access to food.

Food distribution to the needy. The food bank distributes food to qualified organizations that feed the needy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,658,619$4,534,354▼ $124,265
Inventories for Sale or Use$1,798,427$3,676,907▲ $1,878,480
Pledges and Grants Receivable$1,194,709$1,280,952▲ $86,243
Accounts Receivable$272,415$317,983▲ $45,568
Cash and Non-Interest-Bearing Accounts$248,953$56,172▼ $192,781
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$8,173,123$9,866,368▲ $1,693,245
Other Assets Total-$0-
Liabilities
Other Liabilities$1,741,600$3,635,226▲ $1,893,626
Mortgage Notes Payable Secured by Investment Property$1,980,882$1,951,312▼ $29,570
Accounts Payable and Accrued Expenses$284,540$293,952▲ $9,412
Total Liabilities$4,007,022$5,880,490▲ $1,873,468
Net Assets / Fund Balance
Unrestricted Net Assets$3,801,101$3,620,878▼ $180,223
Temporarily Rstr Net Assets$365,000$365,000→ $0
Total Net Assets Fund Balance$4,166,101$3,985,878▼ $180,223
Total Liabilities and Net Assets / Fund Balance$8,173,123$9,866,368▲ $1,693,245

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,243,938$185,354$3,429,292
Equipment$813,094$705,468$1,518,562
Land$477,322-$477,322
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Frank SheppardExecutive DirectorFT$101,050$101,050

Board Members and Trustees

NameTitle
Sharon SandersPresident
Alan HarknessVice President
Ben LinkBoard Member
Brandon JonesBoard Member
Elsa HirschBoard Member
Janeen TuckerBoard Member
Jim RhodesBoard Member
Judson TurnerBoard Member
Lisa GriffithBoard Member
Lynn YarboroughBoard Member
Melissa MalloyBoard Member
Rachel ObermeyerBoard Member
Rudy Allen JrBoard Member
Tracy WalkerBoard Member
Greg AutenDirector
Donna WardSecretary
Gary WarlopTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,669,781
Program Service Revenue
$714,050
Investment Income
$61
Other Revenue
$0
All Other Contributions
$445,731
Change in Net Assets
$-180,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,544,446
Salaries, Compensation, and Employee Benefits$1,019,669
Total Fundraising Expense$91,397
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$721,780$32,125-$753,905
Depreciation Depletion$225,757--$225,757
Current Officers, Directors, Trustees, and Key Employees$80,840$20,210-$101,050
Travel$93,889--$93,889
Interest$92,009--$92,009
Other Expenses$138,504-$91,397$91,397
Payroll Taxes$89,144--$89,144
Occupancy$85,065--$85,065
All Other Expenses$81,444--$81,444
Other Employee Benefits$75,570--$75,570
Insurance$44,896--$44,896
Conferences and Meetings$19,925--$19,925
Fees for Services Accounting$9,039--$9,039
Total Functional Expenses$2,420,383$52,335$91,397$2,564,115
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due To Member Agencies$3,620,432
Payroll Tax Withholding$14,794
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

Finance committee will review form 990 prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Feeding the Valley Inc
EIN
58-1498131
Phone
7065614755
Address
PO BOX 8904, COLUMBUS, GA 31908

Signing Officer

Name
Frank Sheppard
Title
Executive Director
Signed
2020-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Sheppard
Formed
1982
Legal Domicile
Ga
Voting Board Members
18
Independent Board Members
17
Employees
32
Volunteers
7,500

Preparer

Firm
Columbus Financial Consultants
Address
7413 Whitesville Rd, Columbus, GA 31904
Preparer
Robert Harris
Phone
7065629412
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Part x, line 2:management does not believe there are any uncertain tax positions as defined by fasb asc 740, income taxes, at june 30, 2018. The food bank could be subject to income tax examinations for its federal tax filings for the current tax year and previous filings for fiscal years ended 2017, 2016 and 2015 still open under the statute of limitations.

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IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
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IRS990/FSAuditedInd0true
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IRS990/Organization501c3Ind0X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02402575
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03458024
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03541

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$18.8$2.24$16.6$27.0$24.7$2.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$2.21$14.3$22.4$20.9$1.48
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$4.16$12.9$8.64$2.97$5.67
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$4.60$7.19$6.40$3.20$3.21
2019Detailed filing. Detailed filing data is available for this year.$9.87$5.88$3.99$2.38$2.56$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.62$5.04$4.58$2.40$2.22$0.18
2016Detailed filing. Detailed filing data is available for this year.$6.45$2.05$4.40$3.46$2.19$1.27
2015Detailed filing. Detailed filing data is available for this year.$5.28$2.15$3.13$1.85$2.04$0.19
2014Detailed filing. Detailed filing data is available for this year.$5.20$1.88$3.32$3.29$1.87$1.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.90$2.00$1.90$1.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.02$2.48$1.54$1.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$2.13$1.35$1.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$1.41$1.33$1.26