2025-02-03T10:54:36-06:00 2024-05-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-06-01 275097190 PARTNERS IN FOOD SOLUTIONS PART 9522218730 200 SOUTHDALE CENTER SUITE 133 EDINA MN 55435 MARK SCHULZE CFO 9522218730 2025-01-29 1 0 DEIRDRE HODGSON P01484710 6123764500 2025-01-29 2023 2025-03-06 01:10:19Z MARK SCHULZE 200 SOUTHDALE CENTER SUITE 133 EDINA MN 55435 3401303 0 X WWW.PARTNERSINFOODSOLUTIONS.COM X 2010 MN IMPROVE THE FOOD VALUE CHAIN IN DEVELOPING COUNTRIES BY MOBILIZING CORPORATE VOLUNTEERS TO SHARE KNOWLEDGE AND EXPERTISE WITH SMALL AND GROWING FOOD PROCESSORS. 11 11 13 1701 0 0 4039922 3158686 0 0 42792 227542 7796 15075 4090510 3401303 0 0 0 0 1409117 3083552 85625 93000 266050 2863157 1749203 4357899 4925755 -267389 -1524452 6669259 7796812 714211 3366216 5955048 4430596 X IMPROVE THE FOOD VALUE CHAIN IN DEVELOPING COUNTRIES BY MOBILIZING CORPORATE VOLUNTEERS TO SHARE KNOWLEDGE AND EXPERTISE WITH SMALL AND GROWING FOOD PROCESSORS. 0 0 4000257 0 3158686 PARTNERS IN FOOD SOLUTIONS (PFS) WORKS TO STRENGTHEN THE AFRICAN FOOD PROCESSING SECTOR BY IDENTIFYING HIGH-POTENTIAL, AFRICAN-LED FOOD BUSINESSES AND PROVIDING THEM WITH FREE-OF-COST CONSULTING SERVICES POWERED BY EMPLOYEE VOLUNTEERS FROM OUR CONSORTIUM OF SEVEN WORLD-CLASS FOOD COMPANIES - GENERAL MILLS, CARGILL, DSM-FIRMENICH, BHLER, THE HERSHEY COMPANY, ARDENT MILLS, AND THE J.M. SMUCKER COMPANY. THESE EMPLOYEES WORK VIRTUALLY AND DIRECTLY WITH THE AFRICAN COMPANIES TO HELP SOLVE SPECIFIC TECHNICAL AND BUSINESS CHALLENGES. PFS EMPLOYS SKILLED AFRICAN FIELD STAFF WHO PARTNER WITH IMPACT INVESTORS AND OTHER LOCAL ECOSYSTEM ORGANIZATIONS IN ORDER TO FURTHER ASSIST AFRICAN FOOD COMPANIES BY HELPING THEM TAP INTO THE LARGER FOOD PROCESSING ENVIRONMENT, BOTH REGIONALLY AND INTERNATIONALLY. PFS OPERATES A SERIES OF ADDITIONAL SERVICES TO SURROUND OUR PRIMARY TECHNICAL TRAINING AND CONSULTING OFFERING. AN APPRENTICESHIP PROGRAM HELPS PLACE AND SUPPORT YOUNG AFRICAN FOOD EXPERTS AT THEIR FIRST INDUSTRY JOB. A CERTIFICATION PROGRAM HELPS CLIENT COMPANIES SUCCEED IN ACHIEVING INTERNATIONALLY RECOGNIZED CERTIFICATIONS, LEADING TO BETTER FOOD SAFETY AND EXPORT CAPABILITIES. A FINANCE PROGRAM HELPS COMPANIES ATTRACT OUTSIDE INVESTMENT, AND OCCASIONALLY UNDERWRITES SMALL TICKET LOANS IN ORDER TO IMPLEMENT PROJECTS RECOMMENDED BY VOLUNTEER EXPERTS.PFS HELPS IMPROVE FOOD SECURITY, NUTRITION, AND ECONOMIC DEVELOPMENT IN AFRICA. OUR CORPORATE PARTNERS HAVE PROVIDED ACCESS TO THEIR WORLD-CLASS FACILITIES AND EMPOWERED MORE THAN 2,800 OF THEIR SKILLED EMPLOYEES TO WORK ON MORE THAN 2,000 SERVICES WITH LOCAL AFRICAN FOOD COMPANIES. THESE VOLUNTEERS HAVE CONTRIBUTED 158,767 CONSULTING HOURS. OUR PROGRAMS HAVE HELPED STRENGTHEN THE CAPACITY OF OVER 2,200 FOOD COMPANIES IN ETHIOPIA, KENYA, TANZANIA, UGANDA, RWANDA, MALAWI, ZAMBIA, GHANA, NIGERIA, AND COTE D'IVOIRE, IMPACTING 1.8 MILLIONLOCAL SMALLHOLDER FARMERS. IN OUR MOST RECENT YEAR, A SAMPLE OF OUR CLIENT FOOD COMPANIES IN AFRICA REPORTED AVERAGE REVENUE GROWTH OF 20%, A 9% INCREASE IN NEW FULL TIME EMPLOYEES, AND A 46% INCREASE IN THE NUMBER OF FARMERS SUPPORTED WITHIN THEIR SUPPLY CHAINS. VISIT WWW.PARTNERSINFOODSOLUTIONS.COM FOR MORE INFORMATION ABOUT PARTNERS IN FOOD SOLUTIONS. 4000257 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 1 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X JANELLE ARNDT 6127706092 200 SOUTHDALE CENTER STE 133 EDINA MN 55435 KEN POWELL CHAIR OF THE BOARD AND SEC 1.50 X X 0 0 0 BRUCE WILKINSON VICE CHAIR OF THE BOARD 1.50 X 0 0 0 KOJO AMOO-GOTTFRIED TREASURER 1.50 X X 0 0 0 WILL BONIFANT BOARD MEMBER 1.50 X 0 0 0 KOFI BRUCE BOARD MEMBER 1.50 X 0 0 0 DAN DYE BOARD MEMBER 1.50 X 0 0 0 DANA MCNABB BOARD MEMBER 1.50 X 0 0 0 MONICA MUSONDA BOARD MEMBER 1.50 X 0 0 0 KENDALL POWELL BOARD MEMBER 1.50 X 0 0 0 PURBITA RAY BOARD MEMBER 1.50 X 0 0 0 ANDY SHARPE BOARD MEMBER 1.50 X 0 0 0 CHRIS TODARO BOARD MEMBER 1.50 X 0 0 0 HUGH C WELSH BOARD MEMBER 1.50 X 0 0 0 MARK SCHULZE CFO 10.00 X X 30000 0 0 JEFF DYKSTRA CEO 40.00 X 292724 0 44506 JAMES BETTCHER DIRECTOR OF PARTNERSHIPS A 40.00 X 118115 0 19096 NICOLE SEE DIRECTOR OF COMMUNICATIONS 40.00 X 115822 0 17309 AMANDA TRAASETH DIRECTOR OF OPERATIONS 40.00 X 115701 0 18780 MAGDALENE MBAGA DIRECTOR, SERVICES INNOVATION & IMPACT 40.00 X 110436 0 27132 JOHNSON KIRAGU REGIONAL PROGRAM DIRECTOR - EAST AFRICA 40.00 X 146090 0 3000 928888 0 129823 6 0 1 0 0 3158686 3158686 227542 227542 OTHER INCOME 900099 15075 15075 15075 3401303 0 0 242617 X 1158269 834945 214381 108943 1693610 1574936 73605 45069 63386 63386 168287 138310 19970 10007 77383 77383 93000 93000 656255 493523 162732 33576 21662 11914 169278 154146 15032 100 132471 103905 28566 235032 208225 22033 4774 50187 42027 6194 1966 3182 3182 5844 5844 15047 9400 5647 PAYROLL PROCESSING FEES 147626 141541 3894 2191 GAP FINANCING 57492 57492 APPRENTICES 53361 53361 STAFF DEVELOPMENT 47156 32241 14915 65313 65313 4925755 4000257 659448 266050 2170210 2799603 2008455 3599841 2056238 1120353 224 1468 22461 44978 372440 366626 11658 5814 340294 197075 59719 27680 6669259 7796812 372571 416803 248947 491836 92693 2457577 714211 3366216 X 3914562 2579268 2040486 1851328 5955048 4430596 6669259 7796812 -1524452 0 X X 0 1 X 1 0 X 5218298 3304283 3743868 4039922 3158686 19465057 5218298 3304283 3743868 4039922 3158686 19465057 11731144 7733913 22413 7277 -1321 42792 227542 298703 8271 4378 7796 15075 35520 19799280 0.39060 0.34920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 8,271. 2020 AMOUNT: $ 4,378. 2022 AMOUNT: $ 7,796. 2023 AMOUNT: $ 15,075. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 372440 366626 5814 5814 REFUNDABLE GRANT ADVANCE 2434909 LEASE LIABILITY 22668 2457577 X 5130319 1729016 1729016 3401303 0 3401303 6654771 1729016 1729016 4925755 0 4925755 PART X, LINE 2: THE ORGANIZATION RECEIVED AUTHORITY FROM THE INTERNAL REVENUE SERVICE TO OPERATE AS A TAX-EXEMPT ORGANIZATION (PUBLIC CHARITY) UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE ORGANIZATION HAS ADOPTED GUIDANCE REGARDING THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. 1 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 5 23 PROGRAM SERVICES FOOD TECHNICIANS 2429095 5 23 0 0 5 23 2429095 0 2429095 SUB-SAHARAN AFRICA PROGRAM RELATED INVESTMENT 14701 WIRE TRANSFER 0 SUB-SAHARAN AFRICA PROGRAM RELATED INVESTMENT 75000 WIRE TRANSFER 0 SUB-SAHARAN AFRICA PROGRAM RELATED INVESTMENT 7850 WIRE TRANSFER 0 SUB-SAHARAN AFRICA PROGRAM RELATED INVESTMENT 65000 WIRE TRANSFER 0 SUB-SAHARAN AFRICA PROGRAM RELATED INVESTMENT 50000 WIRE TRANSFER 0 0 5 0 0 0 0 0 0 PART I, LINE 2: PFS VOLUNTEER CONSULTING TEAMS IDENTIFY NEEDS AND RECOMMEND SOLUTIONS TO HELP AFRICAN FOOD COMPANIES GROW AND PROSPER. IN CERTAIN CASES PFS WILL SUPPORT THE SPECIFIC SOLUTION WITH FINANCIAL ASSISTANCE IN THE FORM OF NON-INTEREST BEARING LOANS OR RECOVERABLE GRANTS TO PURCHASE EQUIPMENT. PFS WORKS WITH SELECTED COMPANIES TO SPECIFY, PROCURE, INSTALL AND COMMISSION THE EQUIPMENT. PFS MONITORS THE COMPANIES ON-GOING PERFORMANCE TO ASSESS THEIR ABILITY TO REPAY THE ASSISTANCE IN THE FUTURE. PART I, LINE 3: ACCRUAL X X X 1 LONSBURY AND ASSOCIATES LLC 16800 45TH AVE N PLYMOUTH MN 55446 FUNDRAISING CONSULTANT 0 3158686 93000 3065686 3158686 93000 3065686 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SCHEDULE G, PART I, LINE 2B, COLUMN (V) PARTNERS IN FOOD SOLUTIONS PAYS ANDREW LONSBURY HOURLY TO PROVIDE CONSULTING SERVICES. X X X X X X 0 0 0 0 0 0 0 0 0 JEFF DYKSTRA CEO 292724 0 0 0 0 0 17400 0 27106 0 337230 0 0 0 PART I, LINE 3 A SENIOR HR ADVISOR (FORMER EMPLOYEE OF FOUNDING CORPORATE PARTNER AND INDEPENDENT CONTRACTOR) CONDUCTS THE ANNUAL CEO MARKET VALUE REVIEW FOR PRESENTATION TO THE PFS BOARD COMPENSATION COMMITTEE. IN THIS REVIEW, THE 990S OF VARIOUS LOCAL ORGANIZATIONS ARE REFERENCED, AND A NONPROFIT COMPENSATION SURVEY FROM CANDID IS PURCHASED ANNUALLY. MARKET VALUES ARE PRESENTED BY THE SR ADVISOR TO THE COMMITTEE WITH CITED DATA. FROM THERE A RECOMMENDATION IS DISCUSSED AND AGREED UPON. THE RECOMMENDED ADJUSTMENT TO THE CEO'S BASE SALARY, AS WELL AS THE RECOMMENDED AWARD OF ANY ADDITIONAL BONUS (AS OUTLINED BY THE EMPLOYMENT AGREEMENT) IS BROUGHT TO THE FULL BOARD OF DIRECTORS FOR APPROVAL. X 3 32972 STOCK FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 NEW ARTICLES OF INCORPORATION WERE APPROVED IN MAY 2024. THE CORPORATION NO LONGER HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF TRUSTEES ARE ELECTED ON AN ANNUAL BASIS BY THE MEMBER OF THE ORGANIZATION SUBJECT TO THE TERMS OF ANY COLLABORATION AGREEMENTS WHICH ALLOW CARGILL, INC., ROYAL DSM, BUHLER AG, HERSHEY, ARDENT MILLS, AND J.M. SMUCKER COMPANY TO EACH APPOINT ONE TRUSTEE TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIONS ARE RESERVED POWERS OF THE MEMBERS AND REQUIRE UNANIMOUS APPROVAL OF THE MEMBERS OF THE ORGANIZATION: 1) THE SALE, LEASE, TRANSFER, OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATION'S PROPERTY OR ASSETS; 2) THE MERGER OR CONSOLIDATION (EITHER IN LAW OR IN FACT) OF THE ORGANIZATION WITH ONE OR MORE OTHER ORGANIZATIONS; OR 3) THE AMENDMENT OF THE ARTICLES OF INCORPORATION OR THE BYLAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PRESENTED TO THE FINANCE COMMITTEE AND THE BOARD OF TRUSTEES TO APPROVE PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS TRUSTEES, OFFICERS, AND EMPLOYEES WHICH REQUIRES ANNUAL ACKNOWLEDGEMENT OF THE POLICY PROVISIONS AND ANNUAL DISCLOSURE FORM. A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST MAY BE APPROVED BY THE BOARD IF THE FOLLOWING PROCEDURES ARE FOLLOWED, AND AFTER DUE DILIGENCE, THE BOARD DETERMINES THAT THE CONTRACT OR TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION AND THE FOLLOWING ACTIONS ARE EXECUTED: PRIOR TO BOARD ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A TRUSTEE, OFFICER OR EMPLOYEE WHO KNOWS HE OR SHE HAS A CONFLICT OF INTEREST WITH RESPECT TO A MATTER TO BE DISCUSSED AT A MEETING, SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST TO THE CHAIR. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A TRUSTEE, OFFICER OR EMPLOYEE WHO KNOWS HE OR SHE HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE BOARD'S DISCUSSIONS OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE A BOARD MEETING. A TRUSTEE WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM OR FOR PURPOSES OF THE VOTE. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. IF IT IS NOT ENTIRELY CLEAR WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, THEN THE INDIVIDUAL WITH THE POTENTIAL CONFLICT SHALL DISCLOSE THE CIRCUMSTANCES TO THE BOARD. THE BOARD SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE COMPENSATION FOR THE OUTGOING CHIEF EXECUTIVE OFFICER, JEFF DYKSTRA, AND THE INCOMING CEO MANDLA NKOMO. THE COMMITTEE USED THE APPROPRIATE COMPARABILITY DATA AND CONTEMPORANEOUSLY SUBSTANTIATED THE DELIBERATION AND DECISION IN 2024. THE BOARD OF TRUSTEES HAS ESTABLISHED A COMPENSATION COMMITTEE THAT WILL PERFORM THESE DUTIES GOING FORWARD. MANAGERS USE APPROVED PERFORMANCE REVIEW SYSTEM FOR EMPLOYEE COMPENSATION AND REWARD. THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE EACH YEAR AFTER FISCAL CLOSE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. 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 IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 483,780. MANAGEMENT AND GENERAL EXPENSES 64,473. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 548,253. BANK FEES: PROGRAM SERVICE EXPENSES 9,743. MANAGEMENT AND GENERAL EXPENSES 8,333. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,076. SEARCH FIRM: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 89,926. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 89,926. AUDIT FUNCTIONAL EXPENSES VERSUS THE FORM 990 FUNCTIONAL EXPENSES PARTNERS IN FOOD SOLUTIONS' (PFS) RATIO OF EXPENSES RELATED TO PROGRAM VERSUS ADMINISTRATIVE AND FUNDRAISING ACTIVITIES IS BASED UPON ITS ACTUAL CASH REVENUES AND EXPENSES. A SIGNIFICANT PORTION OF THE VALUE OF THE ACTIVITIES OF PFS IS IN THE FORM OF CONTRIBUTED IN-KIND SERVICES FROM HUNDREDS OF PROFESSIONAL VOLUNTEERS AND AS SUCH, ARE TREATED SEPARATELY FROM CALCULATIONS REGARDING THE ORGANIZATION'S ALLOCATION OF TIME AND EXPENSE BETWEEN PROGRAM AND NON-PROGRAM ACTIVITIES. THE 2023 AUDIT FUNCTIONAL EXPENSE BREAKOUT (WITH CONTRIBUTED SERVICES FACTORED IN) WAS 90% PROGRAM, 7% ADMIN, AND 3% FUNDRAISING). FORM 990, PART XII, LINE 2C: AUDIT FUNCTIONAL EXPENSES VERSUS THE FORM 990 FUNCTIONAL EXPENSES