QUESTION EXISTS FOR THE VALUES MARKED AS INCORRECT WITH RED X.
UPDATE *** I received a comment that the revenue is unclear, which I agree. However, this is all we are provided with. Note that the last three digits are left off in the submission. So I was thinking revenue was 111,828,000.
FORM 990 BELOW
Use 2015 Form 990 and the 2016 annual report for Feeding America. Although the Form 990 indicates it is for 2015, it is actually for the period July 1, 2015, to June 30, 2016, the same time period as the 2016 annual report. Required a. Compute the following performance measures using the Form 990. b. Using the annual financial statements, calculate the following performance measures. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Compute the following performance measures using the Form 990. (Round your answers to the nearest thousands.) Liquidity Choose Denominator Current Liabilities Ratio Choose Numerator Current Assets Is 111,828 IS 13,672 8.18 Choose Numerator Ratio Going Concern Choose Denominator Total Expenses IS 2,423,838 Total Revenues IS 2,437,619 1.01 Program Effectiveness Choose Numerator Choose Denominator Ratio Total Expenses Program Expenses IS 2,390,000 IS 2,423,838 0.99 Fund-raising Efficiency Choose Denominator Ratio Choose Numerator Fund-Raising Expenses IS 25,975 Publio Support > IS 2,408,317 X 0.01 36-3673599 Page 9 Form 100 2015 FEEDING AMERICA Part VII Statement of Revenue Check it Schedule o contains a response or note to any line in this Part VI. Radar unction revenue United business D even under sections 512-14 Program Service Revenue Cotobutions is Grants 1a Federated campaign ta Membership des. 1 Fundraising events le Related organizations . Government grants (contributions). 1e 1 Al other and mountained here. 11 Nocash contributions included in line 1-1 $ Total Addlines 1.11. This Code 2. All other programe Total. Add lines 2-2.. 3 Investment income (including dividends interest and other similar amount 4 Income from investment of tax-empt bond proceeds 5 Royalties. Personal Go Grossrents Loss rentrere e Rental income dNet rental income or (0) 7. Gross amount from sales of Securities Omer s other than inventory b Less:cost or other basis and expenses. e Gains). d Not gain or loss da Gross income from fundraising events (not including of contribution reported on line 10) See Part IV. ine 18 b Less directemer Net Income or from fundraising events 9 Gross income from gaming activities See Part IV line 19 Less directes.. Net Income or foss) from gaming activities. 101 Grow of inventory. retums and allowances.. Less: cost of goods sold. Net income or (0) from sales of inventory Mouse usiness Code Other Revenue d Alle revenue Total Addlines 11-110 Total revenue. See instructions SE51.000 Source: Internal Revenue Service For 990 2015 Form 2015 FEEDING AMERICA 36-3673599 Page 10 Part IX Statement of Functional Expenses Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) Check Schedule o contains a response or note to any ine in this part IX Do not include amounts reported on les 6, 7, (A) D Toen Programs Management and Funding 8b, Sb, and 10b of Part VI. peneral en expenses 1 Grad there to come orari and domeste govern. Put IV. in 21.... 2,336,741,082.2, 336,741,082. 2 Grants and other assistance to domestic Individuals See Part IV line 22... 10,000. 10,000. 3 Grants and other once to foreign organizations, foreign governments and foreign individuals. See Part IV, Ines 15 and 16 0. 4 Benefits paid to or for members.. 0. 5 Compensation of current officers, directors trustees and key employees..... 3,339,573. 1,286, 110. 1,703,723. 349,740. 6 Compensation not included above to disqualified personas defined under section 485 and pensions beton 7 Other salaries and wages 20,996, 336. 13,441,023. 2,269,589. 5,285,724. # Pension plan corals and contributions include Section 401(k) and 403) employer contributions) 1,166, 650 718,175. 145,935 302,540. 9 Other employee benefits 2,419,445. 1,597,411. 226,416. 595,618. 10 Payroll 1,764,075. 1.100, 980. 248,160. 414,935. 11 Foes for services (non-employeus): Management 0. Legal. 14,270. 14,270. Accounting 153,092 153,092 Lobbying 127.641. 127, 641. Professional landsingeline 17, 2,483, 495. 2,483, 495. Investment management foes 78, 179. 78, 179. Other inte 10,760, 662. 6,096,188. 881,425. 3,783,049. 12 Advertising and promotion 3,202,786. 1,736, 328. 2,674 1,463,784. 13 Office expenses 1,028,014 721,803. 191, 491. 114, 720. 14 Information technology 5,732,424. 4,000,277. 370, 365. 1,361, 782 15 Roy.. 0. 16 Occupancy 1.501,004. 828,024. 308, 752 364,228. 17 Travel ... 1,973, 106. 1,539,062 158, 189, 275,855. 18 Payments of travel or entertainment expenses for any federal state, or local public officials 0. 19 Conferences, conventions and meetings 1,530, 784 1,356, 486. 73,558. 100,740 20 Interest 21 Payments to affiliates.. 0. 22 Depreciation depletion, and amortization 567, 125. 430,797. 55,166. 81.162. 23 Insurance 94,023. 53,631. 18,450. 21,942. 24 Other emite se bove List mitolour person in the 24. line 24e amount exceeds 10% of line 25 column A) Nine 24 person Schedule o.) 18.435,856. 18,435,856. DROSTAGES PRINTING 8,927, 957. 8,927, 957 DISASTER.PUBCHASES 389,476. 389,476. PROFESSIONAL DEVELOPMENT 197,708. 18,282. 142,548. 36,878. . Alla 2020 non 15200 10.877. 25 Total functional expenses. Although 22, 123,037,553. 2,390,690,235. 7,172,292. 25,973, 026. 20 Juni Cumhe newly organization reported in column sint costs from a combined educational campaign and fundraising solicitation Check here 1 SOP 9-3 ASC 990-720 SES 1.000 Form 990 29151 Page 11 B End of you 40, 644,516. 37,507, 788 5, 102, 161. O Assets 0 0 29,808 475,630. Source: Internal Revenue Service Fm Go Partx Balance Sheet Check if Schedule o contains a response or note to any line in this part X, (A) Beginning of 1 Cash -non-interest-bearing 50, 397, 174. 1 2 Savings and temporary cash investments 3 Pledges and grants receivable.net 28,034, 291. 3 4 Accounts receivable.net 3,681,950. 4 5 Luts and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule O. Loans and other reseables from other disqualified personas defined under section and sponsoring organizations of section 501(c) voluntary employees beneficiary organizations (se instructions). Complete Part II of Schedule 0.6 7 Notes and loans receivable, net, 07 8 Inventories for sale or use 24,600.. Prepaid expenses and deferred charges 457, 548. 10a Land, buildings, and equipment cost or other basis. Complete Part VI of Schedule 10a 7,213,502 b Less: accumulated depreciation.... 100 3,763, 148. 2,092, 891.100 11 Investments - publicly traded securities 23, 656,392.11 12 Investments - other securities. See Part IV line 11 31,374. 12 13 Investments - program-related. See Part IV. line 11 560,289.13 14 Intangible assets... 0.14 15 Other assets. See Part IV line 11 89,310. 15 Total assets. Add fines 1 through 15. must equal line 34 109,025, 819. 18 17 Accounts payable and accrued expenses 9,132,944. 17 18 Grants payable 13, 284,602.10 19 Deferred revenue 1,798,886. 19 20 Tax-exempt bond liabilities 0. 20 21 Escrow or custodial account liability. Complete Part IV of Schedule D 519,811. 21 22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons Complete Partilof ScheduleL 0.22 23 Secured morlays and notes payable locale de parties 0.23 24 Unsecured notes and loans payable to unrelated third parties 0.24 26 Other liabilities including federal income tax payable to related third parties, and other liabilities not included on line 17-24). Complete Part of Schedule D. 2,143, 126.25 26 Total liabilities. Add lines 17 through 25. 26,879,369.26 Organizations that follow SFAS 117 (ASC 958), check here x and complete lines 27 through 20, and lines 33 and 34. 27 Unrestricted net assets 28.015, 697.27 28 Temporarily restricted net assets 52, 310, 603. 28 20 Permanently restricted net assets. 1.812, 150. 20 Organizations that do not follow BTAS HIT (ASC 958), check here completeness through 30 Capital stock or trust principal, or current funds 30 31 Paid-in or capital surplus, or land, building, or equipment fund 31 32 Retained earnings, endowment, accumulated income, or other funds 32 33 Total net assets or fund balances 82,146, 450.33 34 Total liabilities and not assets/fund balances 109,025, 319.34 3, 450, 354. 23,761, 847. 35, 332. 797, 657. 0. 23,218 111,323,311. 8, 440, 106. 4,215,703. 1,016, 191 519, 461 abilities 0 0 1,870,185. 16,061, 646. 31,794,369. 62,139,146. 1,833,150. Net Assets or Fund Balances 95, 766, 665. 111,828,311. Form 990 2015 Source: Internal Revenue Service Use 2015 Form 990 and the 2016 annual report for Feeding America. Although the Form 990 indicates it is for 2015, it is actually for the period July 1, 2015, to June 30, 2016, the same time period as the 2016 annual report. Required a. Compute the following performance measures using the Form 990. b. Using the annual financial statements, calculate the following performance measures. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Compute the following performance measures using the Form 990. (Round your answers to the nearest thousands.) Liquidity Choose Denominator Current Liabilities Ratio Choose Numerator Current Assets Is 111,828 IS 13,672 8.18 Choose Numerator Ratio Going Concern Choose Denominator Total Expenses IS 2,423,838 Total Revenues IS 2,437,619 1.01 Program Effectiveness Choose Numerator Choose Denominator Ratio Total Expenses Program Expenses IS 2,390,000 IS 2,423,838 0.99 Fund-raising Efficiency Choose Denominator Ratio Choose Numerator Fund-Raising Expenses IS 25,975 Publio Support > IS 2,408,317 X 0.01 36-3673599 Page 9 Form 100 2015 FEEDING AMERICA Part VII Statement of Revenue Check it Schedule o contains a response or note to any line in this Part VI. Radar unction revenue United business D even under sections 512-14 Program Service Revenue Cotobutions is Grants 1a Federated campaign ta Membership des. 1 Fundraising events le Related organizations . Government grants (contributions). 1e 1 Al other and mountained here. 11 Nocash contributions included in line 1-1 $ Total Addlines 1.11. This Code 2. All other programe Total. Add lines 2-2.. 3 Investment income (including dividends interest and other similar amount 4 Income from investment of tax-empt bond proceeds 5 Royalties. Personal Go Grossrents Loss rentrere e Rental income dNet rental income or (0) 7. Gross amount from sales of Securities Omer s other than inventory b Less:cost or other basis and expenses. e Gains). d Not gain or loss da Gross income from fundraising events (not including of contribution reported on line 10) See Part IV. ine 18 b Less directemer Net Income or from fundraising events 9 Gross income from gaming activities See Part IV line 19 Less directes.. Net Income or foss) from gaming activities. 101 Grow of inventory. retums and allowances.. Less: cost of goods sold. Net income or (0) from sales of inventory Mouse usiness Code Other Revenue d Alle revenue Total Addlines 11-110 Total revenue. See instructions SE51.000 Source: Internal Revenue Service For 990 2015 Form 2015 FEEDING AMERICA 36-3673599 Page 10 Part IX Statement of Functional Expenses Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) Check Schedule o contains a response or note to any ine in this part IX Do not include amounts reported on les 6, 7, (A) D Toen Programs Management and Funding 8b, Sb, and 10b of Part VI. peneral en expenses 1 Grad there to come orari and domeste govern. Put IV. in 21.... 2,336,741,082.2, 336,741,082. 2 Grants and other assistance to domestic Individuals See Part IV line 22... 10,000. 10,000. 3 Grants and other once to foreign organizations, foreign governments and foreign individuals. See Part IV, Ines 15 and 16 0. 4 Benefits paid to or for members.. 0. 5 Compensation of current officers, directors trustees and key employees..... 3,339,573. 1,286, 110. 1,703,723. 349,740. 6 Compensation not included above to disqualified personas defined under section 485 and pensions beton 7 Other salaries and wages 20,996, 336. 13,441,023. 2,269,589. 5,285,724. # Pension plan corals and contributions include Section 401(k) and 403) employer contributions) 1,166, 650 718,175. 145,935 302,540. 9 Other employee benefits 2,419,445. 1,597,411. 226,416. 595,618. 10 Payroll 1,764,075. 1.100, 980. 248,160. 414,935. 11 Foes for services (non-employeus): Management 0. Legal. 14,270. 14,270. Accounting 153,092 153,092 Lobbying 127.641. 127, 641. Professional landsingeline 17, 2,483, 495. 2,483, 495. Investment management foes 78, 179. 78, 179. Other inte 10,760, 662. 6,096,188. 881,425. 3,783,049. 12 Advertising and promotion 3,202,786. 1,736, 328. 2,674 1,463,784. 13 Office expenses 1,028,014 721,803. 191, 491. 114, 720. 14 Information technology 5,732,424. 4,000,277. 370, 365. 1,361, 782 15 Roy.. 0. 16 Occupancy 1.501,004. 828,024. 308, 752 364,228. 17 Travel ... 1,973, 106. 1,539,062 158, 189, 275,855. 18 Payments of travel or entertainment expenses for any federal state, or local public officials 0. 19 Conferences, conventions and meetings 1,530, 784 1,356, 486. 73,558. 100,740 20 Interest 21 Payments to affiliates.. 0. 22 Depreciation depletion, and amortization 567, 125. 430,797. 55,166. 81.162. 23 Insurance 94,023. 53,631. 18,450. 21,942. 24 Other emite se bove List mitolour person in the 24. line 24e amount exceeds 10% of line 25 column A) Nine 24 person Schedule o.) 18.435,856. 18,435,856. DROSTAGES PRINTING 8,927, 957. 8,927, 957 DISASTER.PUBCHASES 389,476. 389,476. PROFESSIONAL DEVELOPMENT 197,708. 18,282. 142,548. 36,878. . Alla 2020 non 15200 10.877. 25 Total functional expenses. Although 22, 123,037,553. 2,390,690,235. 7,172,292. 25,973, 026. 20 Juni Cumhe newly organization reported in column sint costs from a combined educational campaign and fundraising solicitation Check here 1 SOP 9-3 ASC 990-720 SES 1.000 Form 990 29151 Page 11 B End of you 40, 644,516. 37,507, 788 5, 102, 161. O Assets 0 0 29,808 475,630. Source: Internal Revenue Service Fm Go Partx Balance Sheet Check if Schedule o contains a response or note to any line in this part X, (A) Beginning of 1 Cash -non-interest-bearing 50, 397, 174. 1 2 Savings and temporary cash investments 3 Pledges and grants receivable.net 28,034, 291. 3 4 Accounts receivable.net 3,681,950. 4 5 Luts and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule O. Loans and other reseables from other disqualified personas defined under section and sponsoring organizations of section 501(c) voluntary employees beneficiary organizations (se instructions). Complete Part II of Schedule 0.6 7 Notes and loans receivable, net, 07 8 Inventories for sale or use 24,600.. Prepaid expenses and deferred charges 457, 548. 10a Land, buildings, and equipment cost or other basis. Complete Part VI of Schedule 10a 7,213,502 b Less: accumulated depreciation.... 100 3,763, 148. 2,092, 891.100 11 Investments - publicly traded securities 23, 656,392.11 12 Investments - other securities. See Part IV line 11 31,374. 12 13 Investments - program-related. See Part IV. line 11 560,289.13 14 Intangible assets... 0.14 15 Other assets. See Part IV line 11 89,310. 15 Total assets. Add fines 1 through 15. must equal line 34 109,025, 819. 18 17 Accounts payable and accrued expenses 9,132,944. 17 18 Grants payable 13, 284,602.10 19 Deferred revenue 1,798,886. 19 20 Tax-exempt bond liabilities 0. 20 21 Escrow or custodial account liability. Complete Part IV of Schedule D 519,811. 21 22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons Complete Partilof ScheduleL 0.22 23 Secured morlays and notes payable locale de parties 0.23 24 Unsecured notes and loans payable to unrelated third parties 0.24 26 Other liabilities including federal income tax payable to related third parties, and other liabilities not included on line 17-24). Complete Part of Schedule D. 2,143, 126.25 26 Total liabilities. Add lines 17 through 25. 26,879,369.26 Organizations that follow SFAS 117 (ASC 958), check here x and complete lines 27 through 20, and lines 33 and 34. 27 Unrestricted net assets 28.015, 697.27 28 Temporarily restricted net assets 52, 310, 603. 28 20 Permanently restricted net assets. 1.812, 150. 20 Organizations that do not follow BTAS HIT (ASC 958), check here completeness through 30 Capital stock or trust principal, or current funds 30 31 Paid-in or capital surplus, or land, building, or equipment fund 31 32 Retained earnings, endowment, accumulated income, or other funds 32 33 Total net assets or fund balances 82,146, 450.33 34 Total liabilities and not assets/fund balances 109,025, 319.34 3, 450, 354. 23,761, 847. 35, 332. 797, 657. 0. 23,218 111,323,311. 8, 440, 106. 4,215,703. 1,016, 191 519, 461 abilities 0 0 1,870,185. 16,061, 646. 31,794,369. 62,139,146. 1,833,150. Net Assets or Fund Balances 95, 766, 665. 111,828,311. Form 990 2015 Source: Internal Revenue Service
