2024-11-14T15:34:44-06:00 2023-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC PO BOX 1586 ROME GA 30162 990 2023-01-01 822707649 SOUTHEAST REGIONAL COOPERATIVE INC SOUT 4047215810 3400 N DESERT DR EAST POINT GA 30344 CHRIS FLINT EXECUTIVE DIRECTOR 4047215810 2024-11-07 1 1 KIRK JARRETT P00490429 7062377990 2024-11-06 2023 2024-10-15 13:58:12Z CHRIS FLINT 3400 N DESERT DR EAST POINT GA 30344 15508801 0 X WWW.SEREGCOOP.ORG X 2017 GA A TYPE I SUPPORTING ORGANIZATION OF FEEDING AMERICA FOOD BANKS IN THE SOUTHEASTERN UNITED STATES. 10 10 9 10 0 0 1755000 1406747 2506637 5467566 0 0 6681448 8634488 10943085 15508801 0 0 0 0 351014 558242 0 0 11165 9564523 14725870 9915537 15284112 1027548 224689 1861260 2082379 728852 841184 1132408 1241195 X TO FACILITATE DONATIONS OF PRODUCE AND PURCHASES AT THE LOWEST POSSIBLE COST AND TO PROVIDE A CONSISTENT LEVEL OF DEMAND TO GROWERS, DISTRIBUTORS, AND OTHER SUPPLY CHAIN PARTICIPANTS. 0 0 15033785 14102054 THE SOUTHEAST REGIONAL COOPERATIVE (SERC) IS A 501(C)3, TYPE I SUPPORTING ORGANIZATION OF THE FEEDING AMERICA FOOD BANKS IN 7 SOUTHEASTERN STATES. IT SEEKS TO PROVIDE FRESH PRODUCE TO FOOD BANKS IN THE SOUTHEAST REGION, FOCUSING ON QUANTITY, QUALITY, AND VARIETY. THE SERC IS DESIGNED TO AGGREGATE PRODUCE DEMAND FROM FOOD BANKS THROUGHOUT THE SOUTHEAST AND MATCH THAT DEMAND WITH SURPLUS PRODUCE FROM THE SOUTHEAST STATES AND ACROSS THE COUNTRY. THE SERC SEEKS TO REDUCE THE COST OF ACQUISITION FOR FRESH PRODUCE BY BUILDING DONOR RELATIONSHIPS AND LOWERING LOGISTICS COSTS, THEREBY INCREASING FRESH DONATED PRODUCE FOR OUR SUPPORTED MEMBER FOOD BANKS. THE SERC NEGOTIATES AND PROCURES EXCESS DONATED PRODUCE AND FREIGHT COSTS FOR PARTICIPATING FOOD BANKS. THE SERC MANAGES A CONTRACTED MIXING FACILITY WHERE IT AGGREGATES STRAIGHT COMMODITY TRUCKLOADS AND CROSS-DOCK THE PRODUCE TO CREATE MIXED COMMODITY TRUCKLOADS. THE SERC THEN DISTRIBUTES THESE MIXED PRODUCE TRUCKLOADS TO THE SUPPORTED FOOD BANKS. 15033785 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 9 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X TENNILLE CARTER-PAUL 6788406000 3355 LENOX RD NE 750 ATLANTA GA 30326 KYLE WAIDE BOARD MEMBER 1.00 X X 0 0 0 JOSHUA MATTHEWS BOARD MEMBER 1.00 X 0 0 0 ROBIN SAFLEY CHAIR 2.00 X 0 0 0 DR CHARLES BEADY BOARD MEMBER 1.00 X 0 0 0 MARGARET GRANT SECRETARY & TREASURER 2.00 X 0 0 0 BRAD BORNAC BOARD MEMBER 1.00 X 0 0 0 KATHY MCCOLLUM BOARD MEMBER 1.00 X 0 0 0 CINDY STAPLETON BOARD MEMBER 1.00 X 0 0 0 ANGELA EUBANKS BOARD MEMBER 1.00 X 0 0 0 MIKE DARROW BOARD MEMBER 1.00 X 0 0 0 CHRIS FLINT EXECUTIVE DIRECTOR 40.00 X 134413 0 6099 134413 0 6099 2 0 0 0 0 1406747 1406747 CORPORATE CONTRIBUTIONS 624210 2612529 2612529 FREIGHT INCOME 624210 1531603 1531603 OTHER 624210 1323434 1323434 5467566 6807159 0 6807159 6807159 OTHER 624200 1827329 1827329 1827329 15508801 14102054 0 0 140512 123651 14051 2810 417730 367602 41773 8355 7818 7818 24003 24003 41632 41632 31746 31746 33345 33345 6651 6651 1006 1006 3617 3617 FOOD ACQUISITION COSTS 8044424 8044424 FREIGHT EXPENSE 6498108 6498108 BAD DEBT EXPENSE 24373 24373 OTHER 9147 9147 15284112 15033785 239162 11165 898156 1298424 963104 778254 6707 1006 0 5701 1861260 2082379 728852 838857 0 2327 728852 841184 X 522164 -191647 610244 1432842 1132408 1241195 1861260 2082379 X 224689 -115902 X 0 1 X 1 0 X X X 42 ALL FAITHS FOOD BANK 650115814 7 1 73467 0 AMERICA'S SECOND HARVEST OF THE BIG BEND INC 592610345 7 1 5761 0 ARIZONA FOOD BANK NETWORK 860507679 7 1 0 0 ATLANTA COMMUNITY FOOD BANK 581376648 7 1 1926503 0 CHATTANOOGA AREA FOOD BANK 620867645 7 1 421630 0 CITY HARVEST 133170676 7 1 19984 0 COLLABORATIVE FOR FRESH PRODUCE 824308154 7 1 0 0 COMMUNITY FOOD BANK OF CENTRAL ALABAMA 630837956 7 1 0 0 COMMUNITY FOOD BANK OF SOUTHERN ARIZONA 510192519 7 1 0 0 FEEDING AMERICA 363673599 7 1 11300325 0 FEEDING FLORIDA 650467165 7 1 96900 0 FEEDING NORTHEAST FLORIDA 465014769 7 1 9640 0 FEEDING SOUTH FLORIDA 592097520 7 1 220402 0 FOOD BANK OF CENTRAL AND EASTERN NORTH CA 561283426 7 1 65903 0 FOOD BANK OF EASTERN OKLAHOMA 731184980 7 1 9660 0 FOOD BANK OF NORTH ALABAMA 630884372 7 1 0 0 FOOD BANK OF NORTHEAST GEORGIA 581938066 7 1 8250 0 FOOD BANK OF THE ALBEMARLE 561341658 7 1 0 0 FOOD LINK FOOD BANK 222428304 7 1 0 0 FRESH CONNECT CENTRAL 351483868 7 1 0 0 GEORGIA DEPARTMENT OF AGRICULTURE 586002004 7 1 100358 0 GEORGIA FOOD BANK ASSOCIATION 582374577 7 1 0 0 GEORGIA MOUNTAIN FOOD BANK 262787610 7 1 99150 0 GOLDEN HARVEST FOOD BANK 581466516 7 1 0 0 INTER-FAITH FOOD SHUTTLE 571753180 7 1 0 0 JH ROSE LOGISTICS 820539668 7 1 3300 0 KORNEGAY FAMILY FARMS & PRODUCE 561283426 7 1 2900 0 LOW COUNTRY FOOD BANK 570751835 7 1 37905 0 MANNA FOOD BANK 581514800 7 1 0 0 MID-ATLANTIC REGIONAL COOPERATIVE 454793238 7 1 42902 0 MIDDLE GEORGIA COMMUNITY FOOD BANK 582484086 7 1 18068 0 MID-SOUTH FOOD BANK 621340755 7 1 0 0 MISSISSIPPI FOOD NETWORK 640676325 7 1 0 0 MONTGOMERY AREA FOOD BANK 630931846 7 1 9240 0 REGIONAL FOOD BANK OF NORTHEAST FLORIDA INC 465014769 7 1 0 0 SECOND HARVEST FB OF MIDDLE TENNESSEE 621049447 7 1 0 0 SECOND HARVEST FOOD BANK OF CENTRAL FL 592142315 7 1 0 0 SECOND HARVEST FOOD BANK OF CENTRAL FLORIDA 592142315 7 1 8015 0 SECOND HARVEST SOUTH GEORGIA 582208545 7 1 13860 0 SOUTHERN VALLEY 463181956 7 1 11935 0 TREASURE COAST FOOD BANK INC 650123281 7 1 51456 0 WEST ALABAMA FOOD BANK (PDO) 630947676 7 1 0 0 42 14557514 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6707 1006 5701 5701 CREDIT CARDS PAYABLE 2327 2327 X 15508801 0 15508801 0 15508801 15284112 0 15284112 0 15284112 PART X, LINE 2: THE COOPERATIVE IS A NON-PROFIT ORGANIZATION UNDER IRC SECTION 501(C)(3) EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THEREFORE, NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THESE FINANCIAL STATEMENTS. THE INCOME TAX FILINGS OF THE COOPERATIVE ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN AUDIT PERIODS ARE 2021-2023. NO INTEREST OR PENALTIES ASSESSED FROM TAX JURISDICTIONS WERE INCURRED OR PAID FOR THE YEARS ENDING DECEMBER 31, 2023 AND 2022. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM 990 IS PREPARED, MANAGEMENT AND THE OFFICERS OF THE ORGANIZATION REVIEW AND COORDINATE ANY QUESTIONS AND/OR CHANGES TO THE TAX PREPARER. ONCE APPROVED BY MANAGEMENT AND THE OFFICERS OF THE ORGANIZATION, A DRAFT OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW. ONCE ALL QUESTIONS AND COMMENTS HAVE BEEN SATISFIED, THE TAX PREPARER IS INSTRUCTED TO FINALIZE THE RETURN FOR OFFICER SIGNATURE AND FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE DIRECTOR, BOARD CHAIR, AND SECRETARY/TREASURER MONITOR CONTRACTUAL ACTIVITY TO INSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION WAS DETERMINED AFTER COMPARABILITY STUDY AND APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS. DURING 2020, THERE WAS ONE OFFICER (EXECUTIVE DIRECTOR) AND THERE WERE NO KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ADOPTION OF ASU 2016-13 TOPIC 326 - FINANCIAL INSTRUMENT - CREDIT LOSSES -115,902.