2024-04-24T17:49:23-05:00 2023-06-30 910873571 GREENWOOD OHLUND PS 4241 21ST AVE W SUITE 400 SEATTLE WA 98199 990 2022-07-01 475201113 FOOD LIFELINE FOUNDATION FOOD 2065456600 815 S 96TH STREET SEATTLE WA 98108 SAMANTHA FRANKLIN TREASURER 2065456600 2024-04-24 1 SAMANTHA FRANKLIN 999009999 1 ERIC L KIMPTON P01970440 2067821767 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z LINDA NAGEOTTE 815 S 96TH STREET SEATTLE WA 98108 8791632 0 X WWW.FOODLIFELINE.ORG X 2015 WA TO SUPPORT THE MISSION OF FOOD LIFELINE. 5 3 0 3 0 0 0 0 0 0 146704 729748 0 0 146704 729748 0 0 0 0 0 0 0 0 0 36114 80205 36114 80205 110590 649543 34250208 26948424 24890 0 34225318 26948424 TO SUPPORT THE MISSION OF FOOD LIFELINE. 0 0 TO SUPPORT THE MISSION OF FOOD LIFELINE. 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SAMANTHA FRANKLIN 2065456600 815 S 96TH STREET SEATTLE WA 98108 LINDA NAGEOTTE PRESIDENT 1.00 40.00 X X 0 212506 20122 SAMANTHA FRANKLIN TREASURER 1.00 40.00 X X 0 149524 11121 DEBBIE LEWANG VICE PRESIDENT 1.00 0.00 X 0 0 0 GEORGE COWAN MEMBER 1.00 0.00 X 0 0 0 LYLE SNYDER MEMBER 1.00 0.00 X 0 0 0 0 362030 31243 0 0 1 0 0 768405 768405 8023227 8061884 -38657 -38657 -38657 729748 0 0 729748 80205 80205 80205 0 80205 0 12201078 2777631 5182925 0 16866205 24170793 34250208 26948424 24890 0 24890 0 X 34225318 26948424 34225318 26948424 34250208 26948424 X 649543 1117808 -9044245 X 0 1 X 1 1 1 X X X 1 FOOD LIFELINE 911090450 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 0 PART VI, SECTION E, LINE 2A: THE PURPOSE OF THE FOUNDATION IS TO SUPPORT THE MISSION OF FOOD LIFELINE (EIN 91-1090450). THE FOUNDATION PARTICIPATED IN A NEW MARKETS TAX CREDIT TRANSACTION BY PROVIDING A LEVERGAED LOAN TO AN INVESTMENT FUND ENTITY, WHICH WILL AGGREGATE OTHER FUNDS TO MAKE A QUALIFIED EQUITY INVESTMENT TO A QUALIFIED COMMUNITY DEVELOPMENT ENTITY. THE FUNDS WERE ULTIMATELY MADE AVAILABLE TO FOOD LIFELINE THROUGH A BELOW-MARKET LOAN AND WERE USED BY FOOD LIFELINE TO FINANCE THE CONSTRUCTION OF A NEW STORAGE, DISTRIBUTION, AND OFFICE FACILITY COMMONLY KNOWN AS THE HUNGER SOLUTION CENTER IN SEATTLE, WASHINGTON. PART IV, SECTION D, LINE 3: FOOD LIFELINE, THE ORGANIZATION SUPPORTED BY FOOD LIFELINE FOUNDATION, EXERCISED SIGNIFICANT LEVELS OF CONTROL OVER ALL ACTIVITIES OF FOOD LIFELINE FOUNDATION, INCLUDING SETTING POLICIES ARE DIRECTING THE USE OF FOOD LIFELINE FOUNDATION'S INCOME AND ASSETS. 0 0 0 0 0 0 0 0 0 LINDA NAGEOTTE PRESIDENT 0 212506 0 0 0 0 0 10036 0 10086 0 232628 0 0 SAMANTHA FRANKLIN TREASURER 0 149524 0 0 0 0 0 3524 0 7597 0 160645 0 0 FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS WILL BE EMAILED A DRAFT VERSION OF THE 990. THE BOARD WILL REVIEW THE 990 IN DETAIL WITH THE TREASURER PRIOR TO APPROVAL OF FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST NOT HAVE A MATERIALLY CONFLICTING INTEREST WITH THE ORGANIZATION. WHEN A MEMBER HAS AN UNAVOIDABLE CONFLICT OF INTEREST, THEY WILL DISCLOSE IT TO THE BOARD, WHO WILL VOTE ON THE MATTER, ABSENT THE INTERESTED PERSON. ANNUALLY, EACH BOARD MEMBER WILL SIGN A CONFLICT OF INTEREST STATEMENT TO DISCLOSE IN WRITING ANY SUCH CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND CEO OF FOOD LIFELINE SITS ON THE BOARD OF THE FOOD LIFELINE FOUNDATION. WHILE THE PRESIDENT RECEIVES NO DIRECT COMPENSATION FROM THE FOUNDATION, FOOD LIFELINE'S PRESIDENT AND CEO ARE APPOINTED BY AND REPORT TO THE BOARD OF DIRECTORS. THE CEO COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS EVALUATES THE PERFORMANCE OF THE PRESIDENT AND CEO AT LEAST ONCE ANNUALLY. SALARIES ARE BASED ON JOB DESCRIPTIONS, SALARY RANGES OF SIMILAR POSITIONS IN OTHER LOCAL AGENCIES, AND SALARY RANGES AT FEEDING AMERICA AFFILIATES. THE PRESIDENT AND CEO IS IN CHARGE OF DETERMINING COMPENSATION FOR ALL OTHER EMPLOYEES, USING THE SAME CRITERIA AS ABOVE. FORM 990, PART VI, SECTION C, LINE 19 THE PRESIDENT AND CEO IS IN CHARGE OF DETERMINING COMPENSATION FOR ALL OTHER EMPLOYEES, USING THE SAME CRITERIA AS ABOVE. FORM 990, PART XI, LINE 9: ALLOCABLE LOSS ON CANCELLATION OF DEBT: -5,182,925. TRANSFER OF NET ASSETS TO FOOD LIFELINE: -3,861,320. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: AS PART OF THE NEW MARKETS TAX CREDIT FINANCING, THE ORGANIZATION AND U.S. BANCORP (US BANK) ENTERED INTO A PUT/CALL OPTION AGREEMENT TO TAKE PLACE IN AUGUST 2022 AT THE END OF THE SEVEN-YEAR NEW MARKETS TAX CREDIT COMPLIANCE PERIOD. UNDER THE AGREEMENT, US BANK CAN EXERCISE A PUT OPTION TO SELL ITS INTEREST IN TWAIN (WHOLLY OWNED BY US BANK), THE TAX CREDIT INVESTOR/LENDER TO THE ORGANIZATION. IN DECEMBER 2022, US BANK EXERCISED THE PUT OPTION AND SOLD ITS INTEREST IN TWAIN TO THE ORGANIZATION RESULTING IN GAIN ON CANCELLATION OF DEBT OF $2,025,673 ALLOCABLE AS FOLLOWS: FOOD LIFELINE: $7,208,598 FOOD LIFELINE FOUNDATION: -$5,182,925 FOOD LIFELINE 815 S 96TH ST SEATTLE WA 98108 911090450 FOOD DIST. WA 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 FOOD LIFELINE R 3861320 FMV