2025-11-06T16:35:55-06:00 2025-06-30 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2024-07-01 161558258 FOODLINK FOUNDATION INC FOOD 5853283380 2011 MT READ BLVD ROCHESTER NY 14615 JULIA TEDESCO PRESIDENT AND CEO 5853283380 2025-11-06 1 1 JEFFREY PAILLE P01378272 5853811000 2025-10-23 2024 2025-03-06 01:10:19Z JULIA TEDESCO 2011 MT READ BLVD ROCHESTER NY 14615 931396 0 X N/A X 1998 NY THE CORPORATION IS FORMED AND SHALL BE OPERATED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF SUPPORTING AND BENEFITING FOODLINK, INC., WHICH IS A NEW YORK NOT-FOR-PROFIT CORPORATION (FOODLINK), SUCH OTHER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE) AND SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE CODE THAT SOLICIT, COLLECT, STORE AND DISTRIBUTE FOOD PRODUCTS FOR THE ULTIMATE CONSUMPTION BY THE ILL, NEEDY, ELDERLY OR CHILDREN, AND PROGRAMS WHICH SERVE THE NEEDS OF THE UNDERNOURISHED IN THE GREATER ROCHESTER METROPOLITAN AREA. IT IS INTENDED THAT THE CORPORATION WILL PRIMARILY SUPPORT AND BENEFIT FOODLINK, WHICH IS AN ORGANIZATION DESCRIBED IN SECTION 170(B)(1)(A) (OTHER THAN IN CLAUSES (VII) AND (VIII)) OF THE CODE. THE CORPORATION SHALL CARRY OUT ITS STATED PURPOSES AT ALL TIMES WITHIN THE MEANING AND INTENT OF SECTION 509(A)(3) OF THE CODE. 6 6 0 6 0 0 173099 170327 0 0 121275 263992 513442 497077 807816 931396 134324 25706 0 0 0 0 0 0 35257 469061 563662 603385 589368 204431 342028 11803993 12348937 2505097 5841354 9298896 6507583 TO PROVIDE FUNDS FOR THE BENEFIT AND SUPPORT OF CHARITABLE OR EDUCATIONAL ORGANIZATIONS THAT DISTRIBUTE FOOD TO THE NEEDY, ELDERLY OR CHILDREN. 0 0 458014 25706 THE FOODLINK FOUNDATION PROVIDES SUPPORT AND FUNDING TO FOODLINK AND ITS NETWORK OF MEMBER NON-PROFITS TO SUPPORT THE DISTRIBUTION OF EMERGENCY FOOD, AND OTHER NOT-FOR-PROFIT ORGANIZATIONS ENGAGED IN ADDRESSING FOOD INSECURITY AND HEALTHY EATING. DONATIONS TO THE FOODLINK FOUNDATION ARE MADE BY INDIVIDUALS, CORPORATIONS AND VIA AN ANNUAL MAIL APPEAL. THESE FUNDS ARE DIRECTED TO OTHER NON-PROFITS ANNUALLY AND HAVE SUPPORTED SUCH THINGS AS COLD STORAGE TO ENABLE THE DISTRIBUTION OF MORE FRESH FOOD, FUNDING FOR FOOD, AND INVESTMENTS IN TECHNOLOGY TO BETTER SERVE CLIENTS AND NEIGHBORS THAT RECEIVE FOOD FROM PANTRIES AND SOUP KITCHENS. 458014 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X SHARI LAMPHRON 5853283380 2011 MT READ BLVD ROCHESTER NY 14615 JULIE CAMARDO BOARD MEMBER 0.50 X 0 0 0 JAMES GROSSMAN SECRETARY 0.50 X X 0 0 0 FERNANDO SANTIAGO CHAIR 0.50 X X 0 0 0 THOMAS CANE BOARD MEMBER 0.50 X 0 0 0 ARLINE SANTIAGO TREASURER 0.50 X X 0 0 0 JOSEPH CASION VICE CHAIR 0.50 X X 0 0 0 JULIA TEDESCO PRESIDENT & CHIEF EXECUTIV 8.00 32.00 X 0 240523 43139 TERRA KELLER COO/CFO 2.00 38.00 X 0 193014 39209 0 433537 82348 0 0 1 0 0 170327 170327 263992 263992 497077 0 497077 497077 497077 931396 0 0 761069 25706 25706 5124 752 4372 10500 10500 2633 785 16 1832 44124 41456 2496 172 233437 233437 131050 131050 64 64 CONTRACTED SERVICES 74285 844 48738 24703 DATA PROCESSING AND BAN 53407 23984 29423 SUPPLIES 8543 17 8526 OTHER 495 471 24 589368 458014 96097 35257 489547 344153 4734976 373673 4588925 4361303 6725521 7627410 0 16071 11803993 12348937 490 59548 2364600 2289180 140007 3492626 2505097 5841354 X 8315684 5335345 983212 1172238 9298896 6507583 11803993 12348937 X 342028 452677 -3586018 X X 0 1 X 1 0 X 28875 153031 244584 173099 170327 769916 28875 153031 244584 173099 170327 769916 769916 211592 248548 255502 121275 220909 1057826 1827742 0.42120 0.42550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 983212 189026 1172238 876254 106958 983212 812016 64238 876254 943576 -131559 812016 732167 211409 943576 0.46839 0.53161 0 0 4734976 373673 4361303 4361303 NOTES PAYABLE 3492626 3492626 1384073 452677 452677 931396 0 931396 589368 0 589368 0 589368 PART V, LINE 4: THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT PROVIDES FOR LONG-TERM GROWTH FOR POSSIBLE SUPPORT OF THE FOUNDATION'S BUDGET WHEN OTHER FUNDING SOURCES MAY NOT BE ADEQUATE. A SECONDARY OBJECTIVE IS TO MINIMIZE VOLATILITY SO THAT ASSETS ARE AVAILABLE WHEN THEY ARE NEEDED. 1 FOODLINK INC 2011 MT READ BLVD ROCHESTER NY 14615 222428304 501(C)(3) 25706 0 OPERATIONS SUPPORT PART I, LINE 2: THE FOUNDATION MONITORS GRANTEE USE OF FUNDS THROUGH REGULAR COMMUNICATION WITH GRANTEES. 0 0 0 0 0 0 0 0 0 JULIA TEDESCO PRESIDENT & CHIEF EXECUTIV 0 240523 0 0 0 0 0 17277 0 25862 0 283662 0 0 TERRA KELLER COO/CFO 0 193014 0 0 0 0 0 13645 0 25564 0 232223 0 0 PART I, LINE 3 THESE TWO OFFICERS ARE EMPLOYED BY THE FOUNDATION'S SISTER ENTITY, FOODLINK, INC. FOODLINK, INC.'S BOARD AND COMPENSATION COMMITTEE DETERMINE THE CEO'S COMPENSATION AND COMPENSATION OF THE COO/CFO IS DETERMINED BY THE CEO IN CONSULTATION WITH FOODLINK, INC.'S COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 ARLENE SANTIAGO AND FERNANDO SANTIAGO ARE SPOUSES, AND BOTH SERVE AS VOTING BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWED THE FORM 990 IN DETAIL AND PROVIDED A COPY TO THE BOARD OF GOVERNORS FOR THEIR REVIEW AND COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES THE MEMBERS OF THE BOARD AND KEY MEMBERS OF MANAGEMENT TO COMPLETE A CONFLICT OF INTEREST FORM YEARLY AND THE ORGANIZATION COLLECTS THESE FORMS AND FOLLOWS UP, AS NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART XI, LINE 9: CONTRIBUTION FROM FOODLINK, INC. 2,769,574. TRANSFER OF EQUITY IN FOODLINK FARMS, LLC TO FOODLINK, INC. -115,592. PROVISION FOR CREDIT LOSSES ON LOANS RECEIVABLE -6,240,000. PART XII, LINE 2C THERE WERE NO CHANGES TO THE ORGANIZATION'S OVERSIGHT PROCESS DURING THE CURRENT YEAR. FORM 990, PART XI, LINE 9 DURING THE YEAR ENDED JUNE 30, 2025, THE FOUNDATION, FOODLINK, INC. (FOODLINK), AND A THIRD-PARTY BANK ENTERED INTO ARRANGEMENTS TO OBTAIN NEW MARKET TAX CREDITS (NMTC) TO FINANCE CERTAIN CAPITAL PROJECTS TO EXPAND FOODLINK'S FOOD BANK, COMMUNITY KITCHEN, CURBSIDE MARKET, AND FOODLINK FARM. THE NMTC PROGRAM WAS ESTABLISHED TO ENCOURAGE PRIVATE INVESTMENT IN LOW-INCOME COMMUNITIES. THROUGH THIS PROGRAM, A PRIVATE INVESTOR PARTNERS WITH AN ORGANIZATION THAT SERVES SUCH COMMUNITIES THROUGH THE FORMATION OF A COMMUNITY DEVELOPMENT ENTITY (CDE). THE CDE CHANNELS INVESTOR CAPITAL, VIA LOW-INTEREST LOANS AND/OR EQUITY INVESTMENTS, TO BUSINESSES AND NOT-FOR-PROFIT ORGANIZATIONS WITH DEVELOPMENT PROJECTS IN LOW-INCOME AREAS. THE INVESTOR RECEIVES FEDERAL TAX CREDITS EQUAL TO 39% OF THE TOTAL PROJECT COSTS, TO BE RECEIVED OVER SEVEN YEARS. THE CDE ALSO OBTAINS FUNDING FROM A "LEVERAGED LENDER" IN AN AMOUNT THAT ENHANCES THE COMMUNITY IMPACT OF EACH PROJECT AND ALLOWS FOR A TAX CREDIT CLAIM THAT PROVIDES AN APPROPRIATE RETURN TO THE INVESTOR. THESE DEVELOPMENT PROJECTS ARE KNOWN AS QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESSES (QUALICBS). AFTER THE END OF THE SEVEN-YEAR TAX CREDIT CLAIM PERIOD, THE INVESTOR TYPICALLY TRANSFERS OR SELLS ITS OWNERSHIP INTEREST IN THE CDE TO THE NOT-FOR-PROFIT ORGANIZATION FOR LITTLE TO NO CONSIDERATION AND THE ARRANGEMENT IS "UNWOUND," WITH THE ASSETS FINANCED THROUGH THE CDE BECOMING ASSETS OF THE NOT-FOR-PROFIT ORGANIZATION. GIVEN THIS SEQUENCE OF TRANSACTIONS, THE NOT-FOR-PROFIT ORGANIZATION OBTAINS THE LONG-TERM BENEFIT OF THE INVESTMENT IN THE PROJECT WITHOUT HAVING TO INCUR OR REPAY THE INITIAL CAPITAL INVESTMENT. THE FOUNDATION, FOODLINK, AND A THIRD-PARTY BANK ENTERED INTO TWO QUALICBS DURING THE YEAR ENDED JUNE 30, 2025; ONE RELATED TO FOODLINK'S PROGRAM SITE AT 2011 MT. READ BOULEVARD AND THE OTHER RELATED TO FOODLINK'S COMMUNITY FARM PROGRAM SITE AT 585 LEXINGTON AVENUE. FOODLINK ITSELF SERVES AS QUALICB FOR THE 2011 MT. READ PROJECT WHILE A FOODLINK SUBSIDIARY, 585 LEXINGTON BENEFIT CORPORATION, SERVES AS QUALICB FOR THE 585 LEXINGTON AVENUE SITE. FOR BOTH PROJECTS, FOODLINK AND THE INVESTOR ENTERED INTO A "PUT AND CALL AGREEMENT" THAT ALLOWS FOODLINK TO PURCHASE THE CDE FOR $1,000 AFTER THE END OF THE TAX CREDIT PERIOD, EFFECTIVELY ENSURING THAT THE "UNWINDING" PROCESS CAN OCCUR AT THAT TIME. THE FOUNDATION SERVES AS THE LEVERAGED LENDER FOR BOTH PROJECTS. AT JUNE 30, 2025, THE FOUNDATION HELD LOANS RECEIVABLE FROM THE CDE TOTALING $6,240,000 THAT WERE ORIGINATED AS PART OF THE FUNDING OF BOTH QUALICBS DURING THE YEAR ENDED JUNE 30, 2025. BASED ON THE TERMS AND PROJECTED ACTIVITY OF THESE NMTC ARRANGEMENTS, INCLUDING THE ELEMENTS RELATED TO THE PROJECTS BEING "UNWOUND" AFTER THE SEVEN-YEAR TAX CREDIT PERIOD, THE FOUNDATION HAS DETERMINED THAT THERE IS A HIGH LIKELIHOOD THAT THESE LOAN BALANCES WILL NOT BE COLLECTED. THIS DETERMINATION IS CONSISTENT WITH THE IDEA THAT, ULTIMATELY, THE NMTC ARRANGEMENTS WILL BE UNWOUND AND BENEFIT FOODLINK IN A MANNER THAT IS CONSISTENT WITH THE FOUNDATION'S MISSION. THE ENTIRE BALANCE OF THE LOANS HAS BEEN CHARGED TO EXPENSE AS PROVISION FOR CREDIT LOSSES ON LOANS RECEIVABLE. THESE LOANS BEAR INTEREST AT A FIXED RATE OF 1.376%, WHICH THE FOUNDATION EXPECTS TO RECEIVE AS CASH PAYMENTS FROM THE BORROWER GOING FORWARD. 2011 MT READ LLC 2011 MT READ BLVD ROCHESTER NY 14615 882785282 OWNING AND LEASING REAL ESTATE NY 497077 4361303 FOODLINK FOUNDATION INC FOODLINK INC 2011 MT READ BLVD ROCHESTER NY 14615 222428304 FOOD BANK NY 501(C)(3) LINE 7 N/A 0 585 LEXINGTON BENEFIT CORPORATION 2011 MT READ BLVD ROCHESTER NY 14615 332095666 SERVE AS QUALIC-B FOR NEW MARKET TAX CREDIT ARRANGEMENT; MANAGE REAL ESTATE NY 501(C)(3) LINE 7 FOODLINK INC 0 0 1 1 1 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 FOODLINK INC B 115592 FMV FOODLINK INC C 2769574 CASH FOODLINK INC J 496325 CASH FOODLINK INC P 74285 CASH