2024-09-18T11:58:17-05:00 2023-12-31 910189318 MOSS ADAMS LLP 2219 RIMLAND DRIVE SUITE 215 BELLINGHAM WA 982266641 990 2023-01-01 911960139 GOOSEFOOT COMMUNITY FUND GOOS 3603214535 PO BOX 114 LANGLEY WA 98260 ROBERT GENTZ TREASURER 3603214535 2024-09-16 1 1 EMINA O CRESSWELL CPA P01217304 3606761920 2024-09-16 2023 2024-08-08 14:25:15Z ELISE MILLER PO BOX 114 LANGLEY WA 98260 3428425 0 X WWW.GOOSEFOOT.ORG X 1999 WA BRING NEIGHBORS TOGETHER TO NURTURE A SENSE OF PLACE AND COMMUNITY, PRESERVE THE RURAL LANDSCAPE, AND ENHANCE LOCAL COMMERCE. 13 13 16 13 1341241 1170594 355666 1686747 721243 746161 4361 -72948 1569776 976867 2651046 3336827 111582 110863 0 0 503439 654595 0 25960 69153 1095007 1138172 1710028 1929590 941018 1407237 15903897 17038734 2611545 2327226 13292352 14711508 X GOOSEFOOT WORKS TOGETHER WITH THE SOUTH WHIDBEY COMMUNITY TO CREATE ESSENTIAL SOLUTIONS. WE ADDRESS COMMUNITY NEEDS, FUND LOCAL NONPROFITS, HELP LOCAL BUSINESSES GROW, PRESERVE GREAT PLACES AND CONNECT NEIGHBORS. 0 0 917534 0 380787 HISTORIC PRESERVATION & ECONOMIC DEVELOPMENT - PRESERVE RURAL LANDSCAPE AND HISTORIC BUILDINGS. FOSTER LOCAL SUSTAINABLE ECONOMIC DEVELOPMENT. PROVIDE COMMUNITY SPACE TO CONVENE MEETINGS, EVENTS AND CLASSES. OFFER WORKSHOPS TO STRENGTHEN SMALL BUSINESSES. 135559 60863 0 ESSENTIAL SERVICES - ADDRESS THE EMERGENT NEEDS OF PEOPLE EXPERIENCING HOUSING INSECURITY OR DISPLACEMENT. PROVIDE DIRECT MONETARY GRANT TO NAMED SUPPORTED ORGANIZATION, SOUTH WHIDBEY AT HOME, WHICH PROVIDES SERVICES FOR SENIORS AGING IN PLACE. 53783 25000 0 FOOD SYSTEM - PROVIDE DIRECT MONETARY GRANT TO NAMED SUPPORTED ORGANIZATION, WHIDBEY ISLAND NOURISHES, WHICH HELPS THOSE EXPERIENCING FOOD INSECURITY INCLUDING PROVIDING MEALS FOR LOW INCOME CHILDERN OUTSIDE OF SCHOOL HOURS. 41696 25000 1000 ENVIRONMENT - PROVIDE DIRECT MONETARY GRANT TO NAMED SUPPORTED ORGANIZATION, WHIDBEY WATERSHED STEWARDS, TO PRESERVE RURAL LANDSCAPE AND ECOSYSTEM. PROMOTE LOCAL FARMERS. 41696 25000 1000 1148572 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 30 0 1 16 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X JULIE GRUBBS 3603214535 PO BOX 114 LANGLEY WA 98260 CHRIS SALOMONE PRESIDENT 5.00 X X 0 0 0 LEIGH BLOOM PRESIDENT 5.00 X X 0 0 0 KAREN LARSEN GORDON VICE PRESIDENT 3.00 X X 0 0 0 ROBERT GENTZ TREASURER 10.00 X X 0 0 0 PAM LELOUP SECRETARY 3.00 X X 0 0 0 KEVIN DUNHAM DIRECTOR 3.00 X 0 0 0 CANDACE JORDAN DIRECTOR 3.00 X 0 0 0 PATRICK KENNEDY DIRECTOR 3.00 X 0 0 0 TED RAVETZ DIRECTOR 3.00 X 0 0 0 CLYDE SHAVERS DIRECTOR 3.00 X 0 0 0 JEAN SINGER DIRECTOR 3.00 X 0 0 0 MARCIA WILEY DIRECTOR 3.00 X 0 0 0 MITCH WRIGHT DIRECTOR 3.00 X 0 0 0 BESTY HOFIUS DIRECTOR 3.00 X 0 0 0 SANDRA WHITING EXECUTIVE DIRECTOR (THRU 3/23) 40.00 X 25050 0 1535 ELISE MILLER EXECUTIVE DIRECTOR 40.00 X 108615 0 14097 ROSE HUGHES FINANCE DIRECTOR 40.00 X 91700 0 6645 225365 0 22277 1 0 0 0 0 532013 1154734 40578 1686747 TENANT RENTS 531390 731489 367115 364374 PROGRAM REVENUE 900099 13268 13268 EVENT INCOME 900099 1404 1404 746161 18650 18650 52 91546 -52 -91546 -91598 -91598 INCOME FROM SUBSIDIARIES 900099 976867 976867 976867 3336827 381787 1341241 -72948 110863 110863 247642 88437 147784 11421 331097 182991 132897 15209 5305 3219 1853 233 25889 15708 9044 1137 44662 27098 15602 1962 16181 16181 21276 17888 3388 25960 25960 48561 37745 10816 13266 13231 32 3 20987 12868 6665 1454 10548 4022 1339 5187 27547 22291 3324 1932 487 403 76 8 2684 1515 1047 122 71531 71173 358 265960 258866 7094 9517 6250 3267 FEDERAL INCOME TAXES 310250 310250 PROPERTY EXPENSES 265279 265279 BAD DEBT EXPENSE 7258 7258 46840 19355 26348 1137 1929590 1148572 711865 69153 186355 416433 623190 676261 0 598004 20464 609733 95644 85088 12540 5295 16304047 4648115 11638904 11655932 3189474 2878261 137326 113727 15903897 17038734 24238 179886 2445154 2014798 142153 132542 2611545 2327226 X 13292352 13566802 0 1144706 13292352 14711508 15903897 17038734 1407237 11919 0 X 1 X 0 1 0 X X 3 WHIDBEY ISLAND NOURISHES 275112668 10 1 25000 0 WHIDBEY WATERSHED STEWARDS 911656570 7 1 25000 0 SOUTH WHIDBEY AT HOME 474435579 10 1 25000 0 3 75000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, SECTION A, LINE 1: THE FUND'S ARTICLES DESIGNATE ITS "SUPPORTED ORGANIZATIONS" BOTH BY NAME AND BY CLASS OR PURPOSE, AS IS PERMITTED FOR TYPE I SUPPORTED ORGANIZATIONS UNDER TREASURY REGULATION SECTION 1. 509(A) - 4(D)(2). THE SUPPORTED ORGANIZATIONS DESIGNATED BY NAME ARE: (A) WHIDBEY ISLAND NOURISHES; (B) WHIDBEY WATERSHED STEWARDS; AND (C) SOUTH WHIDBEY AT HOME, EACH OF WHICH IS A WASHINGTON NONPROFIT CORPORATION CURRENTLY RECOGNIZED BY THE IRS AS A PUBLICLY SUPPORTED SECTION 501(C)(3) ORGANIZATION (INDIVIDUALLY A "SUPPORTED ORGANIZATION AND COLLECTIVELY THE "SUPPORTED ORGANIZATIONS"). THE SUPPORTED ORGANIZATIONS DESIGNATED BY CLASS ARE ORGANIZATIONS IN ISLAND COUNTY, WASHINGTON WHOSE OPERATIONS: (I) FACILITATE ECONOMIC DEVELOPMENT AND COMBAT COMMUNITY DETERIORATION; (II) PROTECT THE NATURAL ENVIRONMENT; (III) PRESERVE HISTORIC BUILDINGS AND DISTRICTS AND PROTECT THE RURAL CHARACTER OF THE REGION; (IV) ADVANCE PUBLIC EDUCATION; (V) PROVIDE FOOD AND OTHER SERVICES TO THE NEEDY; AND/OR (VI) FACILITATE COMMUNITY INTEGRATION BY LESSENING NEIGHBORHOOD TENSIONS AND ELIMINATING PREJUDICE AND DISCRIMINATION, PROVIDED THAT EACH SUCH ORGANIZATION IS A GOVERNMENTAL UNIT DESCRIBED IN SECTION 170(C)(1) OF THE CODE, AN ORGANIZATION DESCRIBED IN SECTIONS 170(C)(2) OR 170(B)(1)(A) (OTHER THAN IN CLAUSES (VII) AND (VIII)) OF THE CODE THAT IS AN INSTRUMENTALITY OF ONE OR MORE GOVERNMENTAL UNITS DESCRIBED IN SECTION 170(C)(1) OF THE CODE, OR AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE THAT IS QUALIFIED AS A NON-PRIVATE FOUNDATION UNDER SECTIONS 509(A)(1) OR (2) OF THE CODE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6438642 6438642 9651752 4478966 5172786 213653 169149 44504 11655932 2878261 C 2878261 OPERATING LEASE LIABILITY 113727 INTERCOMPANY PAYABLES 18815 132542 X PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED GOOSEFOOT COMMUNITY FUND AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS TAXABLE INCOME AS DEFINED UNDER IRC SECTIONS 511 THROUGH 515. IN 2023, ISLAND ROOTS HOUSING APPLIED WITH THE INTERNAL REVENUE SERVICE FOR TAX-EXEMPTION UNDER SECTION 501(C)(3). AS THE APPLICATION WAS SUBMITTED WITHIN 27 MONTHS OF INCORPORATION, ISLAND ROOTS HOUSING IS NOT SUBJECT TO FEDERAL INCOME TAX WHILE IT AWAITS APPROVAL OF ITS TAX-EXEMPTION. THE LIMITED LIABILITY COMPANIES AND S CORPORATION SUBSIDIARIES ARE NOT SUBJECT TO FEDERAL INCOME TAXES AT THE ENTITY LEVEL BUT PASS THEIR EARNINGS TO THEIR MEMBERS AND SHAREHOLDERS TO BE TAXED INDIVIDUALLY ON THEIR SHARES OF LLC AND S CORPORATION EARNINGS. GOOSEFOOT COMMUNITY FUND'S SHARE OF THE LLC EARNINGS ARE NOT UNRELATED BUSINESS INCOME, BUT S CORPORATION EARNINGS ARE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN DECEMBER 2017, GOOSEFOOT COMMUNITY FUND FILED A LETTER OF INTENT WITH THE INTERNAL REVENUE SERVICE TO TERMINATE ITS PRIVATE FOUNDATION STATUS. WITHIN 90 DAYS OF THE DECEMBER 31, 2022 YEAR END, THE END OF A SIXTY-MONTH TERMINATION PERIOD, GOOSEFOOT COMMUNITY FUND FILED DOCUMENTATION TO SUBSTANTIATE ITS STATUS AS A TYPE I SUPPORTING ORGANIZATION PUBLIC CHARITY. THE IRS APPROVED SUCH STATUS RETROACTIVE TO JANUARY 1, 2018. X X 0 JULIE BIANCI CONSULTING 2705 HARVEST LANE CLINTON WA 98236 CAPITAL CAMPAIGN CONSULTING 0 611956 25960 585996 611956 25960 585996 WA 1 WHIDBEY COMMUNITY FOUNDATION PO BOX 113 COUPEVILLE WA 98239 813860867 501(C)(3) 33885 0 GENERAL SUPPORT WHIDBEY ISLAND NOURISHES PO BOX 1642 LANGLEY WA 98260 275112668 501(C)(3) 25000 0 GENERAL SUPPORT WHIDBEY WATERSHED STEWARDS PO BOXZ 617 LANGLEY WA 98260 911656570 501(C)(3) 25000 0 GENERAL SUPPORT SOUTH WHIDBEY AT HOME PO BOX 557 LANGLEY WA 98260 474435579 501(C)(3) 25000 0 GENERAL SUPPORT 4 0 PART I, LINE 2: GOOSEFOOT COMMUNITY FUND, AS A 2023 RECIPIENT OF FEDERAL FUNDS PASSING THROUGH ISLAND COUNTY, ADHERES TO THE FEDERAL REGULATIONS OUTLINED IN 2CFR 200 AS WELL AS OTHER APPLICABLE FEDERAL, STATE, AND COUNTY STATUES AND REGULATIONS, AND HAS ESTABLISHED EFFECTIVE INTERNAL CONTROLS TO ASSURE COMPLIANCE WITH THE ABOVE. X 2 30607 FMV 0 0 0 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B GOVERNING BODY MEMBERS AND MANAGEMENT ARE GIVEN COPIES FOR THE REVIEW AND DISCUSSION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS REVIEWED AND A CONFLICT OF INTEREST FORM IS SIGNED ANNUALLY. RECUSAL IS REQUIRED IF A CONFLICT EXISTS, BEFORE ELECTING TO VOTE ON ISSUES OF MATERIAL FINANCIAL IMPACT TO THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIALS STATEMENTS ARE AVAILABLE UPON REQUEST. BAYVIEW COMMUNITY LLC PO BOX 114 LANGLEY WA 98260 TO FOSTER ECONOMIC DEVELOPMENT AND COMBAT COMMUNITY DETERIORATION WA 518831 6106010 GOOSEFOOT COMMUNITY FUND BAYVIEW CORNER LLC PO BOX 114 LANGLEY WA 98260 TO PRESERVE HISTORIC BUILDINGS, OPEN SPACE AND WETLANDS, AND SPACE WA 232180 5534982 GOOSEFOOT COMMUNITY FUND ESSENTIAL SOLUTIONS LLC PO BOX 114 LANGLEY WA 98260 TO RESERVE REAL ESTATE FOR THE DEVELOPMENT OF LOW-INCOME RENTAL HOUSING WA 3 848620 GOOSEFOOT COMMUNITY FUND ISLAND ROOTS HOUSING PO BOX 114 LANGLEY WA 98260 990716207 TO PROVIDE AFFORDABLE HOUSING TO WORKING FAMILIES WA 501(C)(3) LINE 7 0 BAYVIEW GROCERY INC PO BOX 114 LANGLEY WA 98260 264811221 GROCERY WA GOOSEFOOT COMMUNITY FUND S 1154428 6837263 1.00000 1 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 BAYVIEW GROCERY INC A 364374 CASH PAID BAYVIEW GROCERY INC D 1511888 VALUE OF LOAN GUARANTY RECEIVED BAYVIEW GROCERY INC C 1300000 DISTRIBUTION, CASH VALUE