Civic Intelligence

The Food Foundation

990 • Fiscal year 2014 • EIN 75-2911547

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 05, 2015

5600 W Lovers Lane 116-410Dallas, TX 75209

(214) 754-0400

Siviq Scores

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

Liabilities / Assets

67th percentile

0.03x

Higher debt load relative to assets than 67% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

94th percentile

$59,375

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 14.1% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

75th percentile

26%

Faster asset growth than 75% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

72nd percentile

20%

Faster revenue growth than 72% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$338,946

Up $69,157 (+26%) from 2013

Net Assets

Up

$329,752

Up $93,461 (+40%) from 2013

Liabilities

Down

$9,194

Down $24,304 (-73%) from 2013

Revenue

Up

$421,082

Up $69,781 (+20%) from 2013

Expenses

Down

$296,541

Down $80,330 (-21%) from 2013

Net Income

Up

$124,541

Up $150,111 (+587%) from 2013

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $458,142Liabilities 2010: $8,580Net Assets 2010: $449,5622010Assets 2011: $384,395Liabilities 2011: $33,933Net Assets 2011: $350,4622011Assets 2012: $286,158Liabilities 2012: $24,297Net Assets 2012: $261,8612012Assets 2013: $269,789Liabilities 2013: $33,498Net Assets 2013: $236,2912013Assets 2014: $338,946Liabilities 2014: $9,194Net Assets 2014: $329,7522014Assets 2015: $232,767Liabilities 2015: $11,744Net Assets 2015: $221,0232015Assets 2016: $248,119Liabilities 2016: $16,462Net Assets 2016: $231,6572016Assets 2017: $221,058Liabilities 2017: $17,936Net Assets 2017: $203,1222017Assets 2018: $727,824Liabilities 2018: $9,876Net Assets 2018: $717,9482018Assets 2019: $261,143Liabilities 2019: $26,509Net Assets 2019: $234,6342019Assets 2020: $294,957Liabilities 2020: $62,685Net Assets 2020: $232,2722020Assets 2021: $56,714Liabilities 2021: $28,253Net Assets 2021: $28,4612021

Highlighted filing

2014

Assets$338,946
Liabilities$9,194
Net Assets$329,752

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $382,5492010Expenses 2011: $506,2172011Revenue 2012: $402,386Expenses 2012: $447,130Net Income 2012: -$44,7442012Revenue 2013: $351,301Expenses 2013: $376,871Net Income 2013: -$25,5702013Revenue 2014: $421,082Expenses 2014: $296,541Net Income 2014: $124,5412014Revenue 2015: $382,959Expenses 2015: $374,445Net Income 2015: $8,5142015Revenue 2016: $431,652Expenses 2016: $427,039Net Income 2016: $4,6132016Revenue 2017: $465,068Expenses 2017: $493,603Net Income 2017: -$28,5352017Revenue 2018: $1,313,538Expenses 2018: $798,712Net Income 2018: $514,8262018Revenue 2019: $233,709Expenses 2019: $717,023Net Income 2019: -$483,3142019Revenue 2020: $622,330Expenses 2020: $624,692Net Income 2020: -$2,3622020Revenue 2021: $369,195Expenses 2021: $573,006Net Income 2021: -$203,8112021

Highlighted filing

2014

Revenue$421,082
Expenses$296,541
Net Income$124,541
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 5, 2015
Return Version
2014v5.0
Gross Receipts
$456,952
Mission and Program Overview

Mission

The mission of the food foundation is to provide a much-needed third meal of the day to food-insecure children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$236,291$329,752▲ $93,461
Land, Buildings, and Equipment, Net$145,514$140,754▼ $4,760
Accounts Receivable$92,081$133,486▲ $41,405
Cash and Non-Interest-Bearing Accounts$16,100$64,706▲ $48,606
Inventories for Sale or Use$14,305$0▼ $14,305
Investments Other Securities$1,789$0▼ $1,789
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$269,789$338,946▲ $69,157
Liabilities
Accounts Payable and Accrued Expenses$31,024$9,194▼ $21,830
Mortgage Notes Payable Secured by Investment Property$2,474$0▼ $2,474
Total Liabilities$33,498$9,194▼ $24,304
Net Assets / Fund Balance
Total Net Assets Fund Balance$236,291$329,752▲ $93,461
Total Liabilities and Net Assets / Fund Balance$269,789$338,946▲ $69,157

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$69,867$84,304$154,171
Equipment$39,448$47,601$87,049
Other Land Buildings$31,439$37,936$69,375
Buildings$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brandon BarganskiExecutive DirectorFT$59,375$59,375
Trey HooblerExecutive DirectorFT$21,875$21,875

Board Members and Trustees

NameTitle
Philip J RomanoChairman/CEO/president
Adam RomoBoard Member
Amy SimmonsBoard Member
Cary ClaybornBoard Member
Chantel JonesBoard Member
Cory DurhamBoard Member
Dr H Doug BarnesBoard Member
Frank ScardinoBoard Member
Paul DivisBoard Member
Stuart FittsBoard Member
Tony TacitoBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$456,827
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-35,745
All Other Contributions
$206,377
Change in Net Assets
$124,541

Audited Revenue Reconciliation

Revenue per Audited Statements
$421,082
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$421,082
Total Revenue per Form 990
$421,082
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$165,878
Salaries, Compensation, and Employee Benefits$130,663
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$40,625$40,625-$81,250
Other Salaries and Wages$40,000--$40,000
Depreciation Depletion$24,781--$24,781
Fees for Services Accounting-$13,700-$13,700
Occupancy$7,941$3,403-$11,344
Payroll Taxes$6,308$3,105-$9,413
All Other Expenses-$8,820-$8,820
Office Expenses$1,796$4,193-$5,989
Other Expenses$85,294$4,323-$4,323
Interest-$766-$766
Total Functional Expenses$206,745$89,796$0$296,541

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$296,541
Total Expenses per Audited Statements$296,541
Total Expenses per Form 990$296,541
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$35,745
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$250,450-$35,745-
Total Events$250,450-$35,745$-35,745
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The chairman and treasurer are provided copies prior to filing, the rest of the board reviews the 990 at the next scheduled board meeting.

Form 990, Part VI, Section C, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Food Foundation
EIN
75-2911547
Phone
2147540400
Address
5600 W LOVERS LANE 116-410, DALLAS, TX 75209

Signing Officer

Name
Trey Hoobler
Title
Executive Director
Phone
2147540400
Signed
2015-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trey Hoobler
Formed
2000
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
130

Preparer

Firm
Sol Schwartz & Associates Pc
Address
7550 IH 10 WEST SUITE 1200, SAN ANTONIO, TX 78229
Preparer
John Gilbert
Phone
2103848000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

This amount consists of several pledges that were deemed uncollectible and written off in the current year.

Financial Statement Notes

PART X, LINE 2:

The organization has adopted asc 740-10 as it relates to uncertain tax positions and has evaluated its tax positions taken for all open years. Currently, the 2009-2011 tax years are open and subject to examination by the internal revenue service. However, the organization is not currently under audit, nor has it been contacted by any of these jurisdictions. Based on the evaluation of the organization's tax positions, management believes there are no known items which would result in a material accrual related to uncertain federal or state income tax positions.

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IRS990/OtherExpensesGrp/TotalAmt085294
IRS990/OtherExpensesGrp/TotalAmt15567
IRS990/OtherExpensesGrp/TotalAmt25294
IRS990/OtherExpensesGrp/TotalAmt34323
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt040000
IRS990/OtherSalariesAndWagesGrp/TotalAmt040000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03105
IRS990/PayrollTaxesGrp/ProgramServicesAmt06308
IRS990/PayrollTaxesGrp/TotalAmt09413
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TREY HOOBLER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0389333
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0229367
IRS990/PYOtherRevenueAmt0-38032
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-25570
IRS990/PYSalariesCompEmpBnftPaidAmt0147504
IRS990/PYTotalExpensesAmt0376871
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0351301
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0124541
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0236291
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0329752
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0456827
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0247883
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0181565
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0204780
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0106015
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01197070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0100
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt090
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0601
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0791
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01052678
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87590
IRS990ScheduleA/PublicSupportPY170Pct00.56270
IRS990ScheduleA/PublicSupportTotal170Amt01049155
IRS990ScheduleA/SubstantialContributorsTotAmt0147915
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0456827
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0247883
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0181565
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0204780
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0106015
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01197070
IRS990ScheduleA/TotalSupportAmt01197861
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt039448
IRS990ScheduleD/EquipmentGrp/DepreciationAmt047601
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt087049
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0296541
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt069867
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt084304
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0154171
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt031439
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt037936
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt069375
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0421082
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED ASC 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN YEARS. CURRENTLY, THE 2009-2011 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT, NOR HAS IT BEEN CONTACTED BY ANY OF THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES THERE ARE NO KNOWN ITEMS WHICH WOULD RESULT IN A MATERIAL ACCRUAL RELATED TO UNCERTAIN FEDERAL OR STATE INCOME TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0140754
IRS990ScheduleD/TotalExpensesPerForm990Amt0296541
IRS990ScheduleD/TotalRevenuePerForm990Amt0421082
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0421082
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0296541
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0250450
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0250450
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt035745
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0250450
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0250450
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-35745
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt035745
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt035745
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHAIRMAN AND TREASURER ARE PROVIDED COPIES PRIOR TO FILING, THE REST OF THE BOARD REVIEWS THE 990 AT THE NEXT SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS AMOUNT CONSISTS OF SEVERAL PLEDGES THAT WERE DEEMED UNCOLLECTIBLE AND WRITTEN OFF IN THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0269789
IRS990/TotalAssetsEOYAmt0338946
IRS990/TotalAssetsGrp/BOYAmt0269789
IRS990/TotalAssetsGrp/EOYAmt0338946
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0456827
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt089796
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0206745
IRS990/TotalFunctionalExpensesGrp/TotalAmt0296541
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt033498
IRS990/TotalLiabilitiesEOYAmt09194
IRS990/TotalLiabilitiesGrp/BOYAmt033498
IRS990/TotalLiabilitiesGrp/EOYAmt09194
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0236291
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0329752
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0206745
IRS990/TotalReportableCompFromOrgAmt081250
IRS990/TotalRevenueGrp/ExclusionAmt0-35745
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0421082
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0130
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0269789

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