| Form 990, Part I, Line 12 |
The COVID-19 pandemic has caused an ongoing increase in food insecurity statewide beginning March 2020. As a result, The Idaho Foodbank saw donations and grants rise during the year. Cash donations rose approximately $6.3 million as people, businesses, and foundations recognized the increasing crisis in their communities. The Idaho Foodbank was also awarded a $2.5 million grant from the State of Idaho to help increase food available to hungry Idahoan's. In-Kind Food Donations increased by over $14 million over the prior year. In the future, it is expected that as the pandemic declines a similar decline in revenues and donations will occur. |
| Form 990, Part I, Line 18 |
As the Organization saw an increase in revenue due to the COVID-19 pandemic, a related increase in expenditures occurred as well. The main source of the increase in expenditures is due to the increase in donated and purchased food. Donated Food Distributions increased by $14 million which directly correlates with the increase in In-Kind Food Donations. While the large increase in food donations helped, it was also necessary to increase the amount of food purchased in order to meet the increased food insecurity demand statewide. Food purchases increased by $3 million, up from our annual average of $200,000 per year. The majority of the money for the increased food purchases came from utilizing the increased grant revenue received. |
| Form 990, Part VI, Section A, Line 1a |
The governing body of the Organization delegates broad authority to act on its behalf to the Executive Committee. The Executive Committee is comprised of Chair, Chair Elect, Treasurer, Secretary, and Past Chair. All members of the Executive Committee are on the board. |
| Form 990, Part VI, Section B, Line 11b |
Before it is filed, the form is sent electronically in PDF format to all Board Members. They review the document in its entirety, and communicate back to the President & CEO that they have completed the review, and approve its filing along with any points of concern. |
| Form 990, Part VI, Section B, Line 12c |
New Board Members are presented with the Conflict of Interest Statement during the board member orientation process, which must be signed upon election to the board. All Board Members must sign a new Conflict of Interest Statement yearly at the annual board meeting. In the event of a possible conflict when voting, the Board Member shall disclose and abstain from the discussions and voting. The Employee Handbook includes a Conflict of Interest section which is reviewed upon employment and is signed by the employee as acceptance of the policy. The leadership team of The Idaho Foodbank also sign an annual Conflict of Interest Statement. Both policies are monitored by the Organization's leadership team on an ongoing basis. |
| Form 990, Part VI, Section B, Line 15 |
The Board of Directors' Executive Committee independently decides the compensation of the President and CEO on a yearly basis. The last review was February 2021. The Executive Committee also review compensation recommendations from the President for the remaining leadership team members using market comparison data, and makes final decisions for any changes. They provide written authorization of any changes and their decisions are reflected in the Executive Committee meeting minutes. |
| Form 990, Part VI, Section C, Line 19 |
Governing documents and the Conflict of Interest policy are available to the public upon request sent to [email protected]. The Idaho Foodbank's financial statements, 990, and 990-T are available to the public on the agency website at www.idahofoodbank.org. |
Attach to Form 990 or 990-EZ.