2024-11-08T16:13:58-06:00 2023-12-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2023-01-01 272252564 FOOD CO-OP INITIATIVE FOOD 8443242667 PO BOX 327 LONDONDERRY VT 051489680 DARNELL ADAMS CHAIR 8443242667 2024-11-07 1 0 TIM SEIDEL CPA P01284559 6082744020 2024-10-31 2023 2024-10-15 13:58:12Z X FAYE MACK PO BOX 327 LONDONDERRY VT 051489680 567113 0 X WWW.FCI.COOP X 2010 MN TO PROVIDE ENCOURAGEMENT & SUPPORT IN THE DEVELOPMENT OF FOOD COOPERATIVES. 11 11 3 16 0 0 490442 564462 332 169 288 706 1500 1776 492562 567113 1750 9522 0 0 358952 375755 0 0 42127 174120 185796 534822 571073 -42260 -3960 300111 317309 99765 120923 200346 196386 X FOOD CO-OP INITIATIVE PARTNERS WITH COMMUNITIES TO BUILD A MORE JUST FOOD SYSTEM, PROVIDING CRITICAL SUPPORT AS THEY ORGANIZE AND OPEN COMMUNITY-OWNED GROCERY STORES. 0 0 407580 9522 169 FOOD CO-OP INITIATIVE (FCI) IS A NONPROFIT ORGANIZATION INCORPORATED IN APRIL 2010 THAT EXISTS TO BUILD AND MAINTAIN A SUPPORT SYSTEM THAT ENABLES FASTER AND MORE EFFICIENT STARTUP OF NEW RETAIL GROCERY CO-OPS ACROSS THE COUNTRY, RESULTING IN NEW COOPERATIVE FOOD STORES SUCCESSFULLY SERVING THEIR COMMUNITIES.FCI HAS ESTABLISHED CONTACT WITH OVER 350 FOOD CO-OP ORGANIZERS ALL AROUND THE COUNTRY AND CURRENTLY MAINTAINS RECORDS FOR 189 ACTIVE STARTUP CO-OPS THROUGH A DATABASE. IT HAS ADMINISTERED THREE ROUNDS OF COMPETITIVE GRANT FUNDING THROUGH THE SEED GRANT PROGRAM. FCI PROVIDES, OR PROVIDES ACCESS TO, COACHING AND GUIDANCE IN OVERALL PROJECT ORGANIZATION, MARKET ANALYSIS, BUSINESS PLAN/PRO FORMA FINANCIAL DEVELOPMENT, STORE SITE SELECTION, STORE DESIGN, MEMBER RECRUITMENT AND EQUITY DRIVE IMPLEMENTATION/FINANCIAL PACKAGING. FCI DELIVERS ITS TECHNICAL ASSISTANCE THROUGH THREE DELIVERY CHANNELS: ORGANIZATION GROUP CAPACITY BUILDING, FOOD CO-OP DEVELOPMENT CAPACITY BUILDING AND NATIONAL RESOURCES. 407580 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 1 6 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X FAYE MACK 8443242667 PO BOX 327 LONDONDERRY VT 051489680 RICHARD DINES CHAIR 1.00 X X 0 0 0 DARNELL ADAMS VICE CHAIR 1.00 X X 0 0 0 GERARDO ESPINOZA TREASURER 1.00 X X 0 0 0 JAMILA MEDLEY SECRETARY 1.00 X X 0 0 0 OLIVIA REBANAL DIRECTOR 1.00 X 0 0 0 JEANIE WELLS DIRECTOR 1.00 X 0 0 0 RL CONDRA DIRECTOR 1.00 X 0 0 0 STEVE COOKE DIRECTOR 1.00 X 0 0 0 AMAHA SELLASSIE DIRECTOR 1.00 X 0 0 0 RICHARD LAROCHELLE DIRECTOR 1.00 X 0 0 0 JOHN GUERRA DIRECTOR 1.00 X 0 0 0 FAYE MACK EXECUTIVE DIRECTOR 40.00 X 117875 0 3690 JACQUELINE HANNAH DIRECTOR OF PROGRAMMING 40.00 X 107768 0 3367 225643 0 7057 2 0 0 0 0 199357 365105 564462 WORKSHOP REGISTRATIONS 611430 169 169 169 706 706 1776 1776 1776 567113 169 0 2482 9000 9000 522 522 121565 91968 19731 9866 181546 137666 29253 14627 5888 4121 1178 589 42150 29505 8430 4215 24606 17224 4921 2461 2730 2730 36148 36148 24737 24737 27930 19717 5475 2738 16365 11865 2495 2005 16132 11440 3128 1564 8625 6038 1725 862 18869 18869 29513 21586 5202 2725 2048 1433 410 205 DUES 2699 1889 540 270 571073 407580 121366 42127 150663 0 53169 161043 95285 154666 994 1600 0 0 300111 317309 16725 120923 83040 0 99765 120923 X 159346 69886 41000 126500 200346 196386 300111 317309 -3960 0 X 1 X 0 1 0 X 549233 412150 386235 490442 564462 2402522 549233 412150 386235 490442 564462 2402522 498119 1904403 184 82 53 288 706 1313 550 900 1450 2405285 22710 0.79180 0.75560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: FCI'S ACTIVITIES ARE GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 50L(C)(3) OF THE INTERNAL REVENUE CODE. SINCE FCI IS EXEMPT FROM FEDERAL AND STATE INCOME TAX LIABILITY, NO PROVISION IS MADE FOR CURRENT OR DEFERRED INCOME TAX EXPENSE. FCI IS NOT A PRIVATE FOUNDATION. MANAGEMENT HAS DETERMINED THAT FCI IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX. MANAGEMENT IS NOT AWARE OF ANY TRANSACTIONS THAT WOULD IMPACT FCI'S TAX-EXEMPT STATUS. FCI FOLLOWS THE GUIDANCE OF THE ACCOUNTING STANDARDS CODIFICATION (ASC) 740, ACCOUNTING FOR INCOME TAXES, RELATED TO UNCERTAINTIES IN INCOME TAXES, WHICH PRESCRIBES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, MANAGEMENT OF FCI IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS. ALL TAX-EXEMPT ENTITIES ARE SUBJECT TO REVIEW AND AUDIT BY FEDERAL, STATE, AND OTHER APPLICABLE AGENCIES. SUCH AGENCIES MAY REVIEW THE TAXABILITY OF UNRELATED BUSINESS INCOME, OR THE QUALIFICATION OF THE TAX-EXEMPT ENTITY UNDER THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES. FOR FEDERAL TAX PURPOSES, THE TAX RETURNS REMAIN OPEN FOR POSSIBLE EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE RESPECTIVE FILING DEADLINES OF THOSE RETURNS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL DIRECTORS AND OFFICERS COMPLETE AND SIGN A STATEMENT THAT PROVIDES INFORMATION REGARDING THEIR INTERESTS AND THOSE OF THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS. THE MEMBERS OF THE GOVERNING BODY MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED ANNUALLY AND IS DETERMINED BASED ON POLICY, GOVERNANCE REPORTS, AND DATA ON COMPENSATION PAID BY COMPARABLE ORGANIZATIONS FOR SIMILAR SERVICES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DID NOT MAKE ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.