2023-12-20T12:13:48-06:00 2023-06-30 450250958 Eide Bailly LLP 2950 E Harmony Rd Ste 290 Fort Collins CO 805283429 990 2022-07-01 742336171 The Food Bank for Larimer County FOOD 9704934477 5706 Wright Dr Loveland CO 80538 Amy Pezzani Chief Executive Officer 9704934477 2023-12-18 1 Amy Pezzani XXX-XX-XXXX 1 Kyle Fritch CPA P01313374 9702238825 2023-12-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Amy Pezzani 5706 Wright Dr Loveland CO 80538 27559535 0 X www.foodbanklarimer.org X 1984 CO To provide food to all in need through community partnerships and hunger relief programs. Our vision is a hunger-free Larimer County. 13 13 66 6571 0 0 24172108 26040719 184667 262785 -23580 147928 55587 69471 24388782 26520903 17228814 18109650 0 0 3154004 3675056 276422 244896 1168621 3502064 4252507 24161304 26282109 227478 238794 23780959 24365273 453311 490783 23327648 23874490 X To provide food to all in need through community partnerships and hunger relief programs. Our vision is a hunger-free Larimer County. 0 0 24512351 18109650 262785 The Food Bank for Larimer County (FBLC, we, us, our) works to ensure that no one goes hungry in Larimer County. We are a nonprofit organization that acts as a centralized agency collecting, storing, and distributing salvageable, usable food to a variety of nonprofit agencies and low-income individuals. This year, we distributed over 8.2 million meals and snacks to people in need through community partnerships and hunger-relief programs.See Schedule O for More Information. 24512351 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 66 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X X Angela Benson 9704934477 1301 Blue Spruce Fort Collins CO 80524 Grace Taylor Chair 1.00 X X 0 0 0 Mark Driscoll Vice Chair 1.00 X X 0 0 0 Jacqueline Zipser Secretary 1.00 X X 0 0 0 Kim McDaniel Treasurer 1.00 X X 0 0 0 Lisa Clay Board Member 1.00 X 0 0 0 Matthew Dickstein Board Member 1.00 X 0 0 0 Ty Fulcher Board Member 1.00 X 0 0 0 Chris Hall Board Member 1.00 X 0 0 0 Jennifer Johnson Board Member 1.00 X 0 0 0 Cindy Ellis-Lopez Board Member 1.00 X 0 0 0 Denise McFann Board Member 1.00 X 0 0 0 Rollin Goering Board Member 1.00 X 0 0 0 Jim Martin Board Member 1.00 X 0 0 0 Amy Pezzani Chief Executive Officer 40.00 X 168931 0 15565 168931 0 15565 1 0 1 0 0 78667 263944 5792480 19905628 18062157 26040719 Shared Maintenance Fees 624200 243322 243322 19463 19463 262785 157369 157369 41813 0 41813 41813 41813 1001364 7576 1008704 9677 -7340 -2101 -9441 -9441 47909 263944 20251 27658 27658 26520903 262785 0 217399 3912950 3912950 14196700 14196700 196117 39223 78447 78447 2750173 2003053 296366 450754 61820 47679 5222 8919 435478 350178 30275 55025 231468 161089 29093 41286 244896 244896 29415 29415 46314 4587 41727 39538 18538 21000 184355 32974 43439 107942 164887 127246 9859 27782 368334 351730 5919 10685 47895 25894 15205 6796 696825 666863 10681 19281 72241 60889 4680 6672 Food Acquisition and Di 2200142 2200142 Vehicle Operations and 162996 162996 Program Supplies 131095 128639 809 1647 Donor Cultivation 87277 87277 21193 20981 212 26282109 24512351 601137 1168621 2982216 2262248 2000 0 202061 402424 1813912 1767630 68915 30000 17240360 5175287 12328408 12065073 5001019 5374307 1206674 2238863 175754 224728 23780959 24365273 453311 490783 453311 490783 X 22960991 23476752 366657 397738 23327648 23874490 23780959 24365273 238794 308048 0 X 0 1 X 1 1 1 X 19468404 25420324 26563198 24172108 26040719 121664753 19468404 25420324 26563198 24172108 26040719 121664753 3768274 117896479 208721 245325 193644 118467 199092 965249 18338 14905 14857 11271 27658 87029 122717031 1359279 0.96070 0.98360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175753 33000 18458 2483 224728 197090 -18872 2465 175753 161313 35777 197090 155977 5336 161313 196513 -40536 155977 0.00000 0.36530 0.63470 1 0 890000 890000 13372493 3223342 10149151 712687 453091 259596 1325504 811183 514321 939676 687671 252005 12065073 Certificate of Deposits 2238863 F 2238863 X 26831052 308048 308048 26523004 -2101 -2101 26520903 26284210 2101 2101 26282109 0 26282109 Part V, Line 4: The organization intends to use the portion of the endowment funds held by the Community Foundation that are available for withdrawal for capital needs, as they arise. Part X, Line 2: Food Bank for Larimer County has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization in Section 501(c)(3), qualifies for the charitable contribution deduction, and has been determined not to be a private foundation. FBLC is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, FBLC is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. FBLC has determined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return for fiscal year 2023. We believe that we have appropriate support for any tax positions taken affecting our annual filing requirements, and as such, do not have any uncertain tax positions that are material to the financial statements. We would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 4b - Other Adjustments: Loss on Disposal of Fixed Asset -2,101. X 1 RKD Group 8001 S 13th Street Lincoln NE 68512 Mail Solicitation & postage 0 980808 244896 735912 980808 244896 735912 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Empty Bowls 78091 53221 24870 9989 856 4391 The Taste 54285 31246 23039 1183 8 179477 179477 1150 2682 311853 263944 47909 9989 2006 8256 20251 27658 1 Animal Friends Alliance 2200 N Taft Hill Rd Fort Collins CO 80524 204969731 501(c)(3) 0 33757 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Aspire 375 W 37th St loveland CO 80538 830910333 501(c)(3) 1200 9283 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Aspire- Silver Leaf 2110 Maple Drive Loveland CO 80538 830910333 501(c)(3) 0 17689 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Aspire- The Edge 3875 E 15th Street Loveland CO 80538 830910333 501(c)(3) 0 18549 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Boys & Girls Club Wellington 8445 3rd St Wellington CO 80549 742425914 501(c)(3) 0 14406 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Catholic Charities - Hospitality Kitchen 460 Linden Center Dr Fort Collins CO 80524 530196617 501(c)(3) 2875 136205 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Colorado State University 502 W Lake St Fort Collins CO 80523 237098397 501(c)(3) 0 387128 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Community Corner Cafe 2000 Ptarmigan Trail Estes Park CO 80522 742465229 501(c)(3) 0 11380 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Community Kitchen PO Box 3033 Loveland CO 80539 841539998 501(c)(3) 1337 77082 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Crossroads Ministry 851 Dry Gulch Rd Estes Park CO 80517 742465229 501(c)(3) 0 148236 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Crossroads Safehouse PO Box 993 Fort Collins CO 80522 840786145 501(c)(3) 0 17962 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Eden Valley Institute 9325 World Mission Dr Loveland CO 80538 840581955 501(c)(3) 0 77171 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Elderhaus 6813 S College Ave Fort Collins CO 80525 840833808 501(c)(3) 4430 21882 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Estes Valley Investment in Childhood Success 1182 Graves Ave Unit A Estes Park CO 80517 841552138 501(c)(3) 0 5587 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Faith Evangelical Church - Lago Vista 420 E 57th St Lot 134 Loveland CO 80538 382329621 501(c)(3) 0 6684 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Faith Evangelical Church - Room 4 Hope 2707 N Wilson Loveland CO 80538 382329622 501(c)(3) 0 13288 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Family Medicine Center 1025 Pennock Place Fort Collins CO 80525 454552631 501(c)(3) 0 545944 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Family Ministries 3632 Dalton Dr Fort Collins CO 80526 330627102 501(c)(3) 0 72889 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Foothills Cupboard 305 WSwallow Rd Fort Collins CO 80526 202219558 501(c)(3) 0 15084 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Fort Collins Rescue Mission 316 Jefferson St Fort Collins CO 80524 846038762 501(c)(3) 0 69761 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Front Range Community College 4616 S Shields Fort Collins CO 80526 841311148 501(c)(3) 3866 59338 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Frontline Farming 2030 Clayton Street Denver CO 80205 833496361 501(c)(3) 662 28714 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Global Leaders - Poudre High School P 18 South Howes Street 10 Fort Collins CO 80521 454279561 501(c)(3) 0 43684 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Harvest Farm 4240 East CR 66 Wellington CO 80549 846038762 501(c)(3) 0 129863 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Homeward Alliance PO Box 873 Fort Collins CO 80522 274641606 501(c)(3) 0 20519 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need House of Neighborly Service 400 Remington St 100 Fort Collins CO 80537 840568546 501(c)(3) 207 297496 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need House of Neighborly Service- Berthoud 375 Meadowlark Drive Berthoud CO 80513 840568546 501(c)(3) 1574 63034 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Iglesia Vida Abundante 1201 N College Fort Collins CO 80524 951684062 501(c)(3) 0 56911 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Junior League of Fort Collins PO Box 271803 Fort Collins CO 80527 742259906 501(c)(3) 0 58460 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need KidsPak 3477 Rhea Dr Loveland CO 80537 846058583 501(c)(3) 0 119912 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Legacy Church Fort Collins 600 9th St Fort Collins CO 80524 900099120 501(c)(3) 1081 18323 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Loveland Library Friends of the Library 300 N Adams Loveland CO 80537 841424591 501(c)(3) 0 7695 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Loveland Vineyard Community Church 900 Josephine Ct Loveland CO 80537 841329571 501(c)(3) 0 52815 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need McBackpack Inc PO Box 2082 Fort Collins CO 80522 462075466 501(c)(3) 0 158652 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Neighbor to Neightbor 1550 Blue Spruce Dr Fort Collins CO 80524 840630214 501(c)(3) 0 7200 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Northern CO Health Network 400 Remington St 100 Fort Collins CO 80524 840961159 501(c)(3) 0 43373 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Poudre Christian Fellowship 10108 Poudre Canyon Hwy Bellvue CO 80512 742563845 501(c)(3) 0 145795 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need PSD Early Childhood 220 N Grant Fort Collins CO 80521 841290694 501(c)(3) 0 14473 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Red Feather Lakes Library 71 Firehouse Lane Red Feather Lakes CO 80545 841221819 501(c)(3) 0 471274 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Redtail Ponds 5080 Fossil Blvd Fort Collins CO 80525 742177138 501(c)(3) 0 21873 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Respite Care 6203 S Lemay Ave Fort Collins CO 80525 840840653 501(c)(3) 0 5374 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Saint John's Lutheran Church 305 E Elizabeth Fort Collins CO 80524 840450786 501(c)(3) 1505 16716 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Saint Vincent De Paul 1730 W12th St Loveland CO 80537 846032037 501(c)(3) 0 6783 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Salvation Army Fort Collins 3901 S Mason Fort Collins CO 80522 941156347 501(c)(3) 1479 30138 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Salvation Army Loveland 840 N Lincoln Ave Suite 101 Loveland CO 80537 941156347 501(c)(3) 0 27917 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Seventh Day Adventist Loveland 950 N Cleveland Ave Loveland CO 80537 520643036 501(c)(3) 0 27132 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Summitstone - Bristlecone 525 W Oak St Fort Collins CO 80521 841512383 501(c)(3) 0 7379 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Summitstone - Peer Specialists 525 W Oak St Fort Collins CO 80521 841512383 501(c)(3) 0 6732 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need The Lighthouse Sober Living House 709 Wagner Drive Fort Collins CO 80521 900616303 501(c)(3) 0 109874 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need The Matthews House 415 Mason Court 1 Fort Collins CO 80524 202894339 501(c)(3) 0 7417 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need TSD Community Connections 1307 E 5th St Loveland CO 80524 742259906 501(c)(3) 0 6676 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need Wellington Food Bank 8445 3rd Street Wellington CO 80549 846033364 501(c)(3) 0 114169 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need LaPorte Church Food Pantry PO Box 387 LaPorte CO 80535 236393377 501(c)(3) 4747 2314 $1.92/lb, per Feeding America annual product eval. Food and household products Provide food and household goods to clients in need 53 0 Food Share 28582 50000 13684376 $1.92 per pound, from Feeding America annual product valuation study Distribution of food and household products Mobile Pantries 2253 462324 $1.92 per pound, from Feeding America annual product valuation study Distribution of food and household products Part I, Line 2: Agencies are bound by a comprehensive agency contract which meets all regulation requirements of our Feeding America member contract and are audited at a minimum of once every two (2) years. Food Bank staff work regularly with our agencies to assure the safe and effective distribution of all granted food and products. Food distributed to agencies is tracked via our central Enterprise Resource Planning system, Ceres, which tracks inventory movement both in and out of our organization via all channels. Food distributed directly to individuals through our food share and mobile pantry programs is monitored through Ceres (see above) as well, and inventory levels and distributions are monitored and updated daily. Individuals receiving food are recorded in our Client Management database called Link2Feed, which is a purpose-built client management system. This system tracks many data points per household and household information, and data can be easily exported and reported upon. X X 0 0 0 0 0 0 0 1 0 Amy Pezzani Chief Executive Officer 158931 0 10000 0 0 0 8775 0 7507 0 185213 0 0 0 Part I, Line 7 The Food Bank annually reviews the performance of the executive staff and other staff to determine if additional compensation in the form of bonuses will be paid. During fiscal year ending June 30, 2023, the Food Bank awarded the CEO, Amy Pezzani, a bonus of $17,147.04 based on review of their performance and service to the organization. X 917850 Industry Valued X 614 68818 Sales Price X 8893484 17075489 Industry Valued 0 0 1 1 Part I, Column (b): Food Bank For Larimer County is using the total number of items contributed for Schedule M, Part I, Column B. Part I, Line 32b: Feeding America solicits food contributions on behalf of the Food Bank network, of which we are a member. No fees are paid to Feeding America. We often collaborate with other food banks in Colorado when soliciting/sourcing food donations, either as part of a state Cluster or 1:1. When pounds are sourced by the Cluster Head (responsible for solicitng agricultural and locally manufacturered products on behalf of other cluster members) we pay the Cluster Head $0.01 per pound meant to cover relevant administrative costs. These fees totalled $16,509 in fiscal year 2023. Form 990, Part III, Line 4a Program Service Accomplishments: We collect food and funds from a variety of sources, including businesses, farms, food drives, individuals, and Feeding America, the nation's largest domestic hunger-relief organization. Food donations are distributed to individuals in need through three overlapping and integrated programs: Fresh Food Share, Nourishing Network and Nutritious Kitchen. Fresh Food Share: Our Fresh Food Share program is one of the nation's largest, client-choice, fresh food pantry programs. We have brick and mortar locations in Fort Collins and Loveland, and also operate three mobile pantries in partnership with community organizations. Fresh Food Share distributes fruits, vegetables, bread, meat, and dairy to more than 29,387 individuals, representing more than 12,435 households over the course of the year. Individuals qualify for Food Share based on residency and gross monthly income. Our goal is to provide each person with enough food for at least one meal per day each month. We served 6,203,458 meals through Fresh Food Share programs in FY2023. Nutritious Kitchen: Our Nutritious Kitchen provides meals and snacks for a variety of sites serving vulnerable child and senior populations. Our Child Nutrition programs include Kids Cafe and Kids Link. Kids Cafe provides nutritious meals and snacks after school and during the summer at sites throughout Larimer County. Through Kids Cafe, we served over 351,500 meals and snacks to eligible school-aged children. Our Nutritious Kitchen also prepared over 2,500 meals for our Campus Connection partner who operates an At-Risk school mentoring program. Our Senior Nutrition program provides meals for Volunteers of America congregate senior meal sites. During FY2022, we shifted from providing individual, frozen meals to ready to eat and hot meals. This allowed VOA's clients to eat as part of a congregate group or to participate in a drive-thru and take the meals home to eat. In partnership with VOA, the program provided over 19,600 meals for seniors. This represented a 31% increase. Nourishing Network: Nourishing Network provides food to over 119 non-profit organization programs to distribute to their clients in need. These programs include food pantries, kitchens, shelters, and snack programs that serve low-income populations. Last year, we saved our partner agencies over $3 million on food costs. This program distributed 1,714,255 meals through our partner agencies to those in need. Outreach Services: Our Outreach Services team consists of the Cooking Matters nutrition education, SNAP (food stamps) and other benefit outreach and application assistance, and both federal and non-federal programs for seniors. We assisted 4,530 individuals representing 2,896 households with SNAP applications and recertifications, facilitating access to over 2.2 million meals and generating over $11.5M of local economic impact. As Volunteers of America (VOA) returned to congregate meals, our senior program distributed over 7,000 federal commodity boxes, coupled with fresh produce. These boxes helped provide both shelf stable and fresh produce for many of our senior (over 60-year-old) clients. Home Delivery: The 2023 program saw no new clients being added to the program. Currently, we have a monthly delivery roster consisting of 40 elderly, homebound or immune-compromised individuals. Nappie Project: In July of 2021 FBLC officially incorporated The Nappie Project, a formerly independent 501(c)(3) non-profit diaper bank, as an FBLC Program. The Nappie Project sources donated and purchased diapers, wipes, and associated products, and distributes them through Fresh Food Share programs, and to agency partners. The Nappie Project distributed more than 696,568 individual diapers and packages of wipes to 19 different agency partners, and over 5,200 individuals in FY2023. Curbside Pickup: For the duration of the COVID-19 pandemic, the Food Bank for Larimer County operated all Fresh Food Share pantries and mobile pantries in a drive-through model to minimize contact. To address the needs of individuals who were uncomfortable or unable to resume shopping inside, we launched a Curbside Pickup in October of 2021. Our Curbside Pickup Program was discontinued in Q1 of FY2023 due to declining visitation, a high rate of no-shows (around 30-40% of curbside orders placed were never picked up, resulting in high amounts of waste) and a disproportionate demand on staff time (Curbside Pickup occupied around 5% of overall Fresh Food Share staff time, but only served less than 1% of clients). We continue to meet the needs of individuals with severe mobility issues by way of reasonable accommodation. Local Farm Purchasing Program: In the wake of widespread business closures in the spring of 2020, FBLC recognized a possible hardship for local, small-scale farmers. Through a variety of funding sources, we have been able to continue this program since 2020, and in FY2023 we worked with 12 different local farms to source over 72,000 pounds of fresh, local produce. This program contributed $80,000 to the local food economy through farmer-direct purchases. Form 990, Part VI, Section B, line 11b The preliminary copy of Form 990 is reviewed by the CFO, Finance Committee of the Board of Directors and the CEO. Once these reviews are complete, the Form 990 is sent to the full Board of Directors for review and approval before filing. Form 990, Part VI, Section B, line 12c The organization's conflict of interest policy covers all board members, officers, employees, and others who can influence the actions of the Food Bank of Larimer County. The existence of any potential conflicts of interest shall be disclosed to the board of directors on a timely basis and before any transaction is consummated. A person with an actual or potential conflict of interest is excluded from the deliberations of the transaction or arrangement and shall refrain from voting on the matter. The board shall determine whether a conflict exists and shall determine whether the Food Bank can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If none can be obtained, the board shall determine by majority vote whether the proposed transaction or arrangement is fair, reasonable, and in the Food Bank's best interest. Form 990, Part VI, Section B, line 15 Salary Compensation studies are done every year. Our last study was done by the Human Resources Director in March of 2023. The Human Resources Director and Finance Director collaborated in compiling compensation data from Feeding America's network of Food Banks last updated for 2021 and Colorado NonProfit Associaon's 2021 survey results, with Salary.com and the Bureau of Labor Statistics (BLS) real me 2022-2023 market data. The Board of The Food Bank for Larimer County 74-2336171 Directors used this same data set for Chief Execuve Officer's salary. All employees with management roles had salaries brought into compliance for the new fiscal year. Salaries for fiscal year 2022-23 had an average cost of living raise at 4.2% and a 3.2% bonus which recognized our frontline staff. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy, and full financial statements are available to the public upon request either by phone or in writing. We also post our annual report on our website which gives a breakdown of our annual financial information. Audited financial statements are also posted on our website, along with the 990.