2024-11-15T15:45:01-06:00 2023-12-31 411489071 SMITH SCHAFER & ASSOCIATES LTD 7500 HIGHWAY 55 SUITE 350 MINNEAPOLIS MN 55427 990 2023-01-01 275112040 APPETITE FOR CHANGE INC APPE 6125887611 2520 2ND STREET NORTH MINNEAPOLIS MN 55411 LATASHA POWELL EXECUTIVE DIRECTOR 6125887611 2024-11-15 1 JASON C MILLER P00029983 9529201455 2024-11-15 2023 2024-10-15 13:58:12Z LATASHA POWELL 2520 2ND STREET NORTH MINNEAPOLIS MN 55411 2758917 0 X WWW.APPETITEFORCHANGEMN.ORG X 2011 MN COMMUNITY-LED FOOD JUSTICE ORG. USING FOOD AS A TOOL FOR BUILDING HEALTH, WEALTH, AND SOCIAL CHANGE. 9 9 82 10 0 0 3961262 1550871 0 0 368 -29866 973059 747821 4934689 2268826 0 0 0 0 2452747 2751706 0 0 314899 1517164 1525768 3969911 4277474 964778 -2008648 4323793 2164917 599052 448824 3724741 1716093 COMMUNITY-LED FOOD JUSTICE ORGANIZATION USING FOOD AS A TOOL FOR BUILDING HEALTH, WEALTH, AND SOCIAL CHANGE. 0 0 2912495 ALL OTHER ACTIVITIES: FOOD-RELATED PROGRAMS (COMMUNITY COOKS WORKSHOPS, URBAN FARMING, FOOD EDUCATION, WORKSHOPS, POLICY AND ADVOCACY, ETC.). 392373 747821 BREAKING BREAD CAFE: CAFE AND CATERING SERVICES PROVIDING EMPLOYMENT & JOB TRAINING TO RESIDENTS OF NORTH MINNEAPOLIS AND ST PAUL. BREAKING BREAD CEASED OPERATIONS IN JULY, 2023; STATION 81 CEASED CATERING OPERATIONS ON DECEMBER 31. RESTAURANT CONTINUED TO OPERATE, SIGNIFICANTLY REDUCED, THROUGH MAY, 2024 35609 YOUTH TRAINING PROGRAM: PROVIDING JOB SKILLS AND EMPLOYMENT OPPORTUNITIES TO YOUTH IN NORTH MINNEAPOLIS COMMUNITY. 3340477 1 1 0 1 0 0 0 0 0 0 1 0 0 1 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 53 0 1 82 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MN X LATASHA POWELL 6125887611 2520 2ND STREET NORTH MINNEAPOLIS MN 55411 DARLYNN BENJAMIN CO-CHAIR 1.00 X X 0 0 0 LEE FRIEDMAN CO-CHAIR 1.00 X X 0 0 0 ARIEL TAUER TREASURER/CHAIR OF FINANCE 1.00 X X 0 0 0 DOMINIQUE HARRIS BOARD MEMBER 1.00 X 0 0 0 GWEN MCFADDEN BOARD MEMBER 1.00 X 0 0 0 MIKE PERCIC SECRETARY / CHAIR OF ADVANCEMENT COMMITTEE 1.00 X X 0 0 0 TIFFANI DANIELS CHAIR OF GOVERNANCE COMMITTEE 1.00 X X 0 0 0 HENRIET HANDRIKS BOARD MEMBER 1.00 X 0 0 0 ROBERT SKORO BOARD MEMBER 1.00 X 0 0 0 LATASHA POWELL EXECUTIVE DIRECTOR 40.00 X 114126 0 0 114126 0 0 1 0 0 0 0 272518 1278353 2000 1550871 752 752 5600 36218 -30618 -30618 -30618 1201019 453873 747146 747146 OTHER INCOME 900099 675 675 675 2268826 747821 0 -29866 X 114125 91300 12554 10271 2131678 1705343 234484 191851 220888 154622 48595 17671 285015 199511 62703 22801 29313 22278 4690 2345 37500 37500 546308 415194 87409 43705 18963 15929 379 2655 6022 2589 2891 542 63198 43607 14535 5056 278074 216898 47272 13904 12087 8582 2659 846 83619 83619 20178 14730 3834 1614 PROGRAM EXPENSES 266679 266679 EQUIPMENT & MAINTENANCE 111069 103294 7775 BANK FEES 30283 28463 1514 306 POSTAGE & PRINTING 13256 5435 6495 1326 9219 8523 690 6 4277474 3340477 622098 314899 2565833 737116 868279 250000 163125 415422 19221 9087 80612 63513 704106 172287 383581 531819 243142 157960 4323793 2164917 306813 287220 48523 243716 161604 599052 448824 X 2744908 1446093 979833 270000 3724741 1716093 4323793 2164917 -2008648 0 X 0 1 X 1 0 X 3074469 3341936 3419654 3961262 1550871 15348192 3074469 3341936 3419654 3961262 1550871 15348192 2050412 13297780 319 182 368 752 1621 5240 27767 200 675 33882 15383695 0.86440 0.86260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 37500 0 0 37500 0 PART II-B, LINE 1: THE ORGANIZATION LOBBIED AT THE MINNESOTA STATE LEGISLATURE IN 2023 WITH TWO SEPARATE REQUESTS. THE FIRST REQUEST WAS FOR $1,500,000, WHICH WOULD GO TOWARDS APPETITE FOR CHANGE SEEKING AND DESIGNING A SITE FOR A FUTURE PROPERTY ACQUISITION AND DEVELOPMENT. THE SECOND REQUEST WAS FOR $200,000 FROM THE MINNESOTA LEGACY FUND, WHICH WOULD GO TOWARD EXTENDING PROGRAMMING CENTERED AROUND FOOD SECURITY. THE BONDING COMMITTEE PASSED TWO BILLS IN 2023, THE FIRST PROVIDING A $1.5 MILLION APPROPRIATION FROM THE DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT TO THE ORGANIZATION FOR SITE SELECTION, DESIGN AND ACQUISITION COST FOR PHASE 1 PRE-DEVELOPMENT OF A FUTURE PERMANENT HOME, AND THE SECOND BILL PROVIDING GRANT FUNDING FOR AFC'S COMMUNITY COOKS WORKSHOPS AND COMMUNITY COOKS MEAL BOX PROGRAMS. 332801 20573 312228 371305 151714 219591 531819 RIGHT OF USE ASSET - OPERATING LEASE 157960 157960 LEASE LIABILITY 161604 161604 X 2753317 484491 484491 2268826 0 2268826 4761965 484491 484491 4277474 0 4277474 PART X, LINE 2: APPETITE FOR CHANGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A RESULT, THE ORGANIZATION DOES NOT PAY FEDERAL INCOME TAX. THEREFORE, NO PROVISION OR LIABILITY FOR FEDEREAL INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE ORGANIZATION'S FEDERAL INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 453,873. LOSS ON SALE OF ASSET 30,618. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 453,873. LOSS ON SALE OF ASSET 30,618. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIR, TREASURER, AND SECRETARY. THE EXECUTIVE COMMITEE HAS THE AUTHORITY TO VOTE ON ANY MATTER THAT THE FULL BOARD WOULD BE ABLE TO VOTE ON AT A MEETING WITH A QUORUM PRESENT. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL REVIEW THE FORM 990 IN ADVANCE OF A BOARD MEETING. THE FINANCE COMMITTEE WILL REVIEW THE FORM 990 IN-DEPTH AND MEET WITH THE EXECUTIVE DIRECTOR FOR QUESTIONS. THE FINANCE COMMITTEE WILL MAKE A RECOMMENDATION FOR APPROVAL TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C AFC REGULARLY INSPECTS FOR CONFLICT-OF-INTEREST IN DEALING WITH STAFF. TO DATE, THERE HAVE BEEN NO CLAIMS RELATING TO THE CONFLICT OF INTEREST POLICY. AFC ENSURES THAT ALL STAFF ARE AWARE OF THE POLICY AND HUMAN RESOURCES ALSO PROVIDES A PRESENTATION ON ITS UPDATED EMPLOYEE HANDBOOK POLICY. THE MANAGEMENT OF AFC ALSO SHARED A COPY OF THE POLICY TO ALL STAFF. FORM 990, PART VI, SECTION B, LINE 15 THE MINNESOTA NONPROFIT SALARY & BENEFITS SURVEY, CONDUCTED BY THE MINNESOTA COUNCIL OF NONPROFITS EVERY OTHER YEAR, MOST RECENTLY 2022, IS THE PRIMARY LOCAL SALARY SURVEY FOR NONPROFIT ORGANIZATIONS IN MINNESOTA. THE BOARD OF DIRECTORS DETERMINDED THE CURRENT PRESIDENT'S COMPENSATION PRIOR TO PROMOTION INTO THIS POSITION. THE BOARD CHAIR APPROVED THE SALARY OF THE PRESIDENT ONCE PROMOTED TO THE POSITION. THIS SURVEY HAS BEEN USED ROUTINELY TO DETERMINE THE COMPENSATION FOR OTHER LEADERSHIP POSITIONS. ONCE THE CURRENT JOB DESCRIPTIONS HAVE BEEN UPDATED, AFC WILL CONDUCT AN ORGANIZATION-WIDE ANALYSIS OF EMPLOYEE COMPENSATION COMPARED TO THE NON-PROFIT MARKET AND DETERMINE PAY RANGES FOR EACH POSITION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIALS STATEMENTS AVAILABLE ON THEIR WEBSITE. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 415,194. MANAGEMENT AND GENERAL EXPENSES 87,409. FUNDRAISING EXPENSES 43,705. TOTAL EXPENSES 546,308.