2025-05-13T14:30:10-05:00 2024-06-30 620428728 REYNOLDS BONE & GRIESBECK PLC 5100 WHEELIS DRIVE SUITE 300 MEMPHIS TN 381174568 990 2023-07-01 621340755 MID-SOUTH FOOD BANK MID- 9015270841 3865 S PERKINS ROAD MEMPHIS TN 38118 SCOTT FORTIN INTERIM PRESIDENT & CEO AND COO 9015270841 2025-05-13 1 1 KELLY S CROW P01519168 9016822431 2025-05-12 2023 2025-03-06 01:10:19Z SCOTT FORTIN 3865 S PERKINS ROAD MEMPHIS TN 38118 81775887 0 X WWW.MIDSOUTHFOODBANK.ORG X 1981 TN COLLECTION & DISTRIBUTION OF FOOD TO CHARITABLE ORGANIZATIONS SERVING THOSE IN NEED. 20 20 131 10510 0 0 69742780 79274718 1336008 1107253 537708 1160789 226046 233127 71842542 81775887 0 0 0 0 5876409 5933928 0 424704 924024 67105289 77639124 72981698 83997756 -1139156 -2221869 40968408 39371522 1768739 1809002 39199669 37562520 X SEE SCHEDULE O 0 0 79427499 1117513 DISTRIBUTION OF FOOD AND NON-GROCERY ITEMS TO NON-PROFIT AGENCIES THAT SERVE THE ILL, NEEDY, CHILDREN AND INFANTS. FROM JULY 2023 TO JUNE 2024, THE FOOD BANK DISTRIBUTED APPROXIMATELY 40.6 MILLION POUNDS OF FOOD AND NON-GROCERY ITEMS TO APPROXIMATELY 383 CHARITABLE PROGRAMS. 79427499 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 13 0 1 131 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR MS TN X X RICHARD J GILL 9015270841 3865 S PERKINS ROAD MEMPHIS TN 38118 CLIFFORD DEBERRY CHAIRMAN 1.00 X X 0 0 0 JANET BRUECK-LANG VICE CHAIR 1.00 X X 0 0 0 PATRICK DANEHY CFA TREASURER 1.00 X X 0 0 0 ERIC GOULD SECRETARY 1.00 X X 0 0 0 ROSHUN AUSTIN DIRECTOR 1.00 X 0 0 0 BROOKE BALDUCCI DIRECTOR 1.00 X 0 0 0 MATTHEW L BARRON DIRECTOR 1.00 X 0 0 0 TED DAVIS DIRECTOR 1.00 X 0 0 0 ORLANDO HAYLE DIRECTOR 1.00 X 0 0 0 SUZANNE JACKSON DIRECTOR 1.00 X 0 0 0 BRENT C JOHNSON DDS DIRECTOR 1.00 X 0 0 0 SUMAN KHARBANDA DIRECTOR 1.00 X 0 0 0 PERRE COLEMAN MAGNESS DIRECTOR 1.00 X 0 0 0 JASON MARTIN DIRECTOR 1.00 X 0 0 0 MARK NELLESSEN DIRECTOR 1.00 X 0 0 0 FEDORIA RUGLESS PHD CCRP DIRECTOR 1.00 X 0 0 0 FRANK SCHMITT DIRECTOR 1.00 X 0 0 0 CLAIRE REVELS SHAPIRO DIRECTOR 1.00 X 0 0 0 JAMES JR STEPHERSON DIRECTOR 1.00 X 0 0 0 STEPHANIE TURNER DIRECTOR 1.00 X 0 0 0 CATHY T POPE PRESIDENT & CEO 40.00 X 185410 0 1217 RICHARD GILL CHIEF FINANCIAL OFFICER 40.00 X 154715 0 1335 SCOTT F FORTIN CHIEF OPERATING OFFICER 40.00 X 120839 0 5086 PETER PETTIT CHIEF DEVELOPMENT OFFICER 40.00 X 109146 0 1704 570110 0 9342 4 0 1 0 REYNOLDS BONE & GRIESBECK PLC 5100 WHEELIS DRIVE STE 300 MEMPHIS TN 38117 ACCOUNTING SERVICES 161202 1 27914805 51359913 67971535 79274718 PURCHASED FOOD REIMBURSEMENT 624210 703656 703656 SHARED MAINTENANCE 624210 403597 403597 1107253 583479 583479 222867 0 222867 222867 222867 153174 424136 0 0 153174 424136 577310 577310 MISCELLANEOUS REVENUE - RELATED 624210 10260 10260 10260 81775887 1117513 0 1383656 X 342678 342678 4458973 2390541 1751542 316890 1132277 563713 493838 74726 10979 10979 140179 140179 424704 424704 40260 40260 469848 368148 101700 31340 25336 6004 254837 147394 107443 989302 853180 136122 31300 7173 24127 791657 784096 7561 252912 165672 87240 FOOD DISBURSED 65926317 65926317 FOOD PURCHASES 5794651 5794651 PPO FOOD COST 1071454 1071454 BUILDING & EQUIPMENT 498707 498548 159 1335381 1224760 110621 83997756 79427499 3646233 924024 1358903 1520875 2983555 2482687 459713 446675 12450400 12450400 6577444 6844922 347990 238143 6038758 2816967 3685776 3221791 12568919 11850562 535708 315467 40968408 39371522 1210580 1468856 558159 340146 1768739 1809002 X 36309312 33624892 2890357 3937628 39199669 37562520 40968408 39371522 -2221869 584720 0 X X 0 1 X 1 1 1 X 63509937 119294287 63498245 69742780 79274718 395319967 63509937 119294287 63498245 69742780 79274718 395319967 395319967 172178 227169 288142 471632 583479 1742600 397062567 4184039 0.99560 0.99630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 0 1 0 1 0 0 PART II-B, LINE 1: MEMBERS OF THE MID-SOUTH FOOD BANK'S STAFF, INCLUDING THE PRESIDENT & CEO AND THE DIRECTOR OF GOVERNMENT AND COMMUNITY RELATIONS, MADE PHONE, EMAIL AND FACE-TO-FACE CONTACT WITH U.S. CONGRESSIONAL LEGISLATORS REGARDING ISSUES OF INTEREST TO THE MID-SOUTH FOOD BANK'S WORK TO SOLVE THE PROBLEM OF HUNGER IN ITS SERVICE AREA. THESE ISSUES INCLUDE PROPOSED CHANGES AND/OR BUDGETARY ALLOCATIONS TO THE SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (SNAP) (F/K/A FOOD STAMPS), THE EMERGENCY FOOD ASSISTANCE PROGRAM (TEFAP) AND THE COMMODITY SUPPLEMENTAL FOOD PROGRAM (CSFP), AMONG OTHER FEDERAL-BASED FOOD ASSISTANCE PROGRAMS. MID-SOUTH FOOD BANK REPRESENTATIVES HAD COMMENTED IN THE MEDIA AT TIMES REGARDING THESE ISSUES. MID-SOUTH FOOD BANK ALSO MADE PHONE, EMAIL AND FACE-TO-FACE CONTACT WITH TENNESSEE AND MISSISSIPPI STATE LEGISLATORS AND OTHER ELECTED AND APPOINTED STATE REPRESENTATIVES, AS WELL AS OTHER ELECTED AND APPOINTED OFFICIALS ON THE COUNTY AND CITY LEVEL THROUGHOUT ITS SERVICE AREA, REGARDING A WIDE RANGE OF HUNGER-RELATED ISSUES IN ORDER TO EDUCATE AND RAISE AWARENESS. ISSUES RELATED TO SOME OF THE ABOVE FEDERAL-BASED PROGRAMS, SUCH AS SNAP AND TEFAP, WERE ALSO DISCUSSED AT THESE STATE AND LOCAL LEVELS, WHICH ASSIST WITH DISTRIBUTION OF THE FOOD ASSISTANCE BENEFITS PROVIDED BY THESE PROGRAMS. MID-SOUTH FOOD BANK ESTIMATES THE COSTS FOR THESE ACTIVITIES WERE EITHER ZERO OR EXTREMELY IMMATERIAL TO THE OPERATION OF THE ORGANIZATION. 5038311 680023 5718334 4511649 526662 5038311 5336125 -824476 4511649 3343165 1000765 1098195 106000 5336125 2449358 1139000 48137 293330 3343165 0.94754 0.05246 0.00000 1 0 290934 90151 200783 5747824 2726816 3021008 3221791 CFGM BALANCED POOL 3391092 F CFGM EQUITY POOL 2138197 F CFGM MONEY MARKET POOL 189045 F US TREASURY POOL 6132228 F 11850562 SECURITY DEPOSIT 15000 RIGHT-OF-USE (ROU) LEASE LIABILITY 325146 340146 X 82320347 584720 -40260 544460 81775887 0 81775887 84750731 937755 937755 83812976 184780 184780 83997756 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF CERTAIN INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. THE ORGANIZATION HAS FOUR SEPARATE FUNDS INVESTED WITH THE CFGM. THESE FOUR FUNDS ARE LONG-STANDING IN NATURE, AND CONSIST OF: (1) MAINTENANCE FUND, (2) ENDOWMENT FUND, (3) FOOD ASSURANCE FUND AND, (4) GENERAL FUND. OF THESE FOUR FUNDS, ONLY THE FOOD ASSURANCE FUND HAS A PERPETUALLY RESTRICTED ELEMENT OF $300,000, AS THIS AMOUNT WAS CONTRIBUTED TO BEGIN THE ENDOWMENT FUND. EARNINGS FROM THIS FUND BE USED, AT THE DIRECTION AND DISCRETION OF THE BOARD OF DIRECTORS, TO FUND FOOD PURCHASES AS NEEDED. FUNDS MAY NOT BE USED FOR GENERAL OPERATING EXPENSES. THE ENDOWMENT FUND IS A FUND CREATED BY DONATIONS TO THE ORGANIZATION FROM VARIOUS PRIVATE DONORS, INCLUDING STOCK DONATIONS, THEIR ESTATES OR OTHER SIMILAR FUNDING. THERE ARE NO LEGAL ENDOWMENTS INCLUDED IN THIS FUND, AND THE AMOUNTS IN THE FUND MAY BE USED FOR ANY PURPOSE APPROVED BY THE BOARD OF DIRECTORS. THE MAINTENANCE FUND AND GENERAL FUND ARE FUNDS USED AT THE DISCRETION OF MANAGEMENT TO HOLD EXCESS FUNDS TRANSFERRED FROM SALE OF ASSETS OR FROM OPERATING ACCOUNTS. THE ORGANIZATION AND ITS BOARD OF DIRECTORS HAS TRADITIONALLY TREATED THE BALANCES IN THESE FUNDS AS RESERVE SOURCES OF FUNDING, AND HAS NOT RELIED ON THEM FOR PAYMENT OF GENERAL OPERATING EXPENSES OR PERIODIC FOOD PURCHASES. DURING THE FISCAL 2019 YEAR, THE ORGANIZATION USED FUNDS FROM THE MAINTENANCE FUND AND THE GENERAL FUND TO MAKE PAYMENTS RELATED TO THE FORMATION OF THE CORPORATION, UNDER THE NMTC PROVISIONS. THESE FUND PAYMENTS WERE USED TO PAY DOWN DEBT AND TO FUND START UP EXPENSES FOR THE NEW ENTITY. ALL FUNDS WERE APPROVED IN ADVANCE AND REVIEWED WITH THE BOARD OF DIRECTORS. PART X, LINE 2: IN ACCORDANCE WITH U.S. GAAP, IF APPLICABLE, THE ORGANIZATION RECOGNIZES INTEREST EXPENSE AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO SUCH AMOUNTS HAVE BEEN RECOGNIZED IN OPERATING EXPENSES FOR THE YEAR ENDED JUNE 30, 2024. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES NETTED WITH INVESTMENT INCOME -40,260. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES REPORTED BY FEEDING THE NEED (EIN 83-1204728) 937,755. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENT TO FEEDING THE NEED (EIN 83-1204728) 144,520. INVESTMENT MANAGEMENT FEES NETTED WITH INVESTMENT INCOME 40,260. OTHER ADJUSTMENTS ON JULY 10, 2018, FEEDING THE NEED (THE "CORPORATION") WAS FORMED FOR THE PURPOSE OF CONSTRUCTING AND OWNING A NEW FACILITY FOR THE FOOD BANK'S OPERATIONS. THE CORPORATION IS A WHOLLY OWNED SUBSIDIARY OF THE FOOD BANK AND IS A QUALIFIED 501(C)(3) ORGANIZATION. FOR FINANCIAL REPORTING PURPOSES, THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE ACCOUNTS OF THE FOOD BANK AND THE CORPORATION. FOR TAX REPORTING PURPOSES, THE CORPORATION FILES A SEPARATE FORM 990. THE REVENUE AND EXPENSES REPORTED ON THE FOOD BANK'S FORM 990 INCLUDE ITS STANDALONE REVENUE AND EXPENSES. ON SCHEDULE D, THE OTHER ADJUSTMENTS LINES INCLUDE THE CORPORATION'S REVENUE AND EXPENSES WHICH WERE REPORTED ON THE CONSOLIDATED FINANCIAL STATEMENTS BUT HAVE NOT BEEN REPORTED ON THE FOOD BANK'S FORM 990. X X 1 BRAD CECIL & ASSOCIATES INC 2115 ARLINGTON DOWNS RD ARLINGTON TX 76011 MAIL, INTERNET, AND EMAIL SOLICITATIONS 0 2730697 424704 2305993 2730697 424704 2305993 TN MS AR 0 0 0 0 0 0 0 0 0 CATHY T POPE PRESIDENT & CEO 185410 0 0 0 0 0 0 0 1217 0 186627 0 0 0 RICHARD GILL CHIEF FINANCIAL OFFICER 154715 0 0 0 0 0 0 0 1335 0 156050 0 0 0 X 10 148874 FAIR MARKET VALUE X 67871264 OPINIONS OF EXPERTS X BOXES & BAGS (SUPPLIES) 1 5598 COST X ACCRUAL UNFULLFILED BOXES (SUPPLIES) FROM 2023 1 -54201 COST 0 1 0 FORM 990, PART III, LINE 1 THE MID-SOUTH FOOD BANK IS A NONPROFIT CORPORATION SERVING WEST TENNESSEE, EAST ARKANSAS AND NORTH MISSISSIPPI. THE FOOD BANK IS A MEMBER OF FEEDING AMERICA, A NATIONAL FOOD BANK NETWORK. THE FOOD BANK OPERATES AS A CLEARINGHOUSE TO RECEIVE, STORE AND DISTRIBUTE FOOD AND NON-GROCERY ITEMS. DONORS INCLUDE FOOD MANUFACTURERS, WHOLESALERS, BROKERS, RETAILERS, OTHER FOOD SERVICE ESTABLISHMENTS, LOCAL COMPANIES, AND INDIVIDUALS. THE FOOD BANK DISTRIBUTES FOOD TO NONPROFIT AGENCIES THAT SERVE THE ILL, NEEDY, CHILDREN AND INFANTS. FORM 990, PART VI, SECTION B, LINE 11B THE FOOD BANK'S CFO RECEIVES A DRAFT COPY OF THE FORM 990 TO REVIEW BEFORE THE TAX RETURN IS FINALIZED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH MEMBER OF THE BOARD OF DIRECTORS SIGNS AND DATES A CONFLICT OF INTEREST AGREEMENT, WHICH REQUIRES THE DIRECTOR TO DISCLOSE ANY RELATIONSHIPS THAT COULD RESULT IN A CONFLICT OF INTEREST. BOARD DIRECTORS ARE REQUIRED TO COMPLY WITH THE AGREEMENT IN ORDER TO RETAIN THEIR POSITION ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIRMAN OF THE BOARD, IN CONSULTATION WITH THE OTHER BOARD OFFICERS, MAKES DECISIONS REGARDING THE SALARY OF THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ORGANIZATION PROVIDES A COPY OF THE ANNUAL REPORT ON ITS WEBSITE. FORM 990, PART IX, LINE 24E FUEL/OIL: PROGRAM SERVICE EXPENSES 372,980. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 372,980. VEHICLE MAINTENANCE: PROGRAM SERVICE EXPENSES 289,647. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 289,647. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 201,675. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 201,675. PERSONNEL EXPENSES: PROGRAM SERVICE EXPENSES 54,837. MANAGEMENT AND GENERAL EXPENSES 83,205. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 138,042. BUILDING RENTAL: PROGRAM SERVICE EXPENSES 132,670. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,670. FREIGHT: PROGRAM SERVICE EXPENSES 90,514. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 90,514. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 59,516. MANAGEMENT AND GENERAL EXPENSES 25,768. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 85,284. SECURITY: PROGRAM SERVICE EXPENSES 17,297. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,297. TAXES & LICENSES: PROGRAM SERVICE EXPENSES 5,624. MANAGEMENT AND GENERAL EXPENSES 1,648. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,272. FORM 990, PART XII, LINE 2C: THE EXECUTIVE COMMITTEE OF THE FOOD BANK'S BOARD OF DIRECTORS IS RESPONSIBLE FOR SELECTING THE AUDITOR AND OVERSEEING THE AUDIT PROCESS. THEY ARE ALSO RESPONSIBLE FOR REVIEWING THE AUDITED FINANCIAL STATEMENTS AND THE FEDERAL FORM 990 BEFORE FINAL SUBMISSION. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990, PAGE 1, PART I, LINE 12 TOTAL REVENUE AND LINE 18 TOTAL EXPENSES: THE SWINGS IN TOTAL REVENUES AND TOTAL EXPENSES ARE TYPICALLY DRIVEN BY DONATED FOOD INVENTORIES. WHEN FOOD IS DONATED IT IS BOOKED AS REVENUE, AND WHEN FOOD IS DISTRIBUTED IT IS BOOKED AS EXPENSE. THERE WILL TYPICALLY BE TIMING DIFFERENCES BETWEEN FOOD COMING IN AND FOOD GOING OUT. THE VALUE FOR DONATED FOOD BOOKED AT 6/30/24 WAS APPROXIMATELY $1.77 PER POUND. FORM 990, INFORMATIONAL DISCLOSURE ON JULY 10, 2018, FEEDING THE NEED (THE "CORPORATION") WAS FORMED FOR THE PURPOSE OF CONSTRUCTING AND OWNING A NEW FACILITY FOR THE FOOD BANK'S OPERATIONS. THE CORPORATION IS A WHOLLY OWNED SUBSIDIARY OF THE FOOD BANK AND IS A QUALIFIED 501(C)(3) ORGANIZATION. FOR FINANCIAL REPORTING PURPOSES, THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE ACCOUNTS OF THE FOOD BANK AND THE CORPORATION. FOR TAX REPORTING PURPOSES, THE CORPORATION FILES A SEPARATE FORM 990. THE REVENUE AND EXPENSES REPORTED ON THE FOOD BANK'S FORM 990 INCLUDE ITS STANDALONE REVENUE AND EXPENSES. FEEDING THE NEED 3865 S PERKINS RD MEMPHIS TN 38118 831204728 TO SUPPORT THE OPERATIONS OF THE MID-SOUTH FOOD BANK. TN 501(C)(3) LINE 12B, II 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 FEEDING THE NEED K 144520 COST