HomeMy Public PortalAboutHHS Meeting Packet_4.3.2024Town of Brewster
Health and Human Services Committee
MEETING AGENDA
2198 Main St., Brewster, MA 02631
(508) 896-3701
Wednesday, April 3, 2024 @ 4:30 p.m.
This meeting will be conducted in person at the time and location identified above. This means that at least a
quorum of the members of the public body will attend the meeting in person and members of the public are
welcome to attend in person as well. As a courtesy only, access to the meeting is also being provided via
remote means in accordance with applicable law. Please note that while an option for remote attendance
and/or participation is being provided as a courtesy to the public, the meeting/hearing will not be
suspended or terminated if technological problems interrupt the virtual broadcast or affect remote
attendance or participation, unless otherwise required by law. Members of the public with particular interest
in any specific item on this agenda, which includes an applicant and its representatives, should make plans for in-
person vs. virtual attendance accordingly.
Members of the public who wish to access the meeting may do so in the following manner:
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When required by law or allowed by the Chair, persons wishing to provide public comment or otherwise participate in
the meeting, may do so by accessing the meeting remotely, as noted above. Additionally, the meeting will be broadcast
live, in real time, via Live broadcast (Brewster Government TV Channel 18), Livestream (livestream.brewster-ma.gov),
or Video recording (tv.brewster-ma.gov).
Please note that the Health and Human Services Committee may take official action, including votes, on any item on
this agenda.
1.Call to Order
2.Declaration of a Quorum
3.Meeting Participation Statement
4.Recording Statement: As required by the Open Meeting Law we are informing you that the Town will be video and
audio taping as well as broadcasting this public meeting. In addition, if anyone else intends to either video or audio tape
this meeting they are required to inform the chair.
5.Approval of March 6, 2024 Minutes
6.Presentation of Non-Profit Financials
7.Establish Committee Sub Groups to Review Groupings of Service Areas
8.Meeting Times Going Forward
9.Matters Not Reasonably Anticipated by the Chair
10.Next Meetings: May 1, 2024
11.Adjournment
Date Posted:Date Revised:Received by Town Clerk:
Health and Human
Service Committee
Members
Suzanne Kenney
Chair
Sean Parker
Vice Chair
Lisa Perkins
Secretary
Deborah Blackman
Jacobs
Patricia Hess
Mary Jo Murphy
Anne O’Connell
Robert Ziegler
Town of Brewster
Health and Human Services Committee
MEETING MINUTES
2198 Main St., Brewster, MA 02631
(508) 896-3701
Wednesday, March 6, 2024 @ 4:30 p.m.
Present: Suzanne Kenney (chair), Sean Parker (vice chair), Patricia Hess, Deborah Jacobs, Mary
Jo Murphy, Anne O’Connell, Lisa Perkins (secretary), Robert Ziegler; Conor Kenny (town
liaison)
Absent: Kari Hoffman (Select Board Liaison)
1.Call to Order: The meeting was called to order at 4:29 pm.
2.Declaration of a Quorum: A quorum was declared.by Chair Kenney.
3.Meeting Participation Statement was read by the Chair.
4.Recording Statement was read by the Chair.
5.Approval of February 7, 2024 Minutes: The minutes were approved by a vote of 8-0.
6.Select Board and Finance Committee Meetings Summation regarding HHS
Funding: Suzanne reviewed the funding recommendation presentations to the above
boards. She noted that both bodies approved the recommendations and thanked the
committee for their work. Lisa asked if the committee should be seeking ways to
offer more information to these boards relative to the increased needs in Brewster that
our committee has observed over the years, perhaps increasing our advocacy efforts
for these agencies. Anne echoed Lisa’s concerns noting that there was even a
mention that we would be limited to a 5% increase next year. Mary Jo sought
clarification of when we would work to educate the boards relative to the greater need
than in the past. Suzanne said that we should be considering that beginning now. It
was agreed that we would continue to discuss that in future meetings before next
year’s presentations.
7.Discussion and Framework for Reviewing and Recommending Grant Awards:
Suzanne reviewed the rationale for tonight’s meeting and indicated that the following
questions could serve as guidelines for the discussion:
•How should we evaluate cost spent on services compared to other
organizations?Are agencies duplicating services and should we fund those
who do?How then would we decide on who gets the funds? Discussion
ensued relative to how we can receive more information about agencies’ costs
and whether we should group decision-making by considering similar agencies
that appear to provide the same type of assistance. Discussion also involved
whether the UOS costs was a fair way way to evaluate agency effectiveness.
A previous inquiry by Anne to Conor about the discrepancy in UOS cost
between agencies highlighted that differences in agencies that appeared to
provide similar support were often due to factors such as types of services
provided and/or cost of those services in Brewster. Suzanne noted that a
comment from FinCom highlighted that we have to be clear about the
difference between collaboration and duplication. She further said that we
need to know what questions to ask to better understand what agencies
actually do. Bob asked if the select board makes recommendations about who
we fund. Conor noted that the responsibility is left to the HHS. Bob also
asked if the same agencies have sought funding for a long time, which many
have. Mary Jo suggested going forward that the HHS members read all the
applications received, but also each be assigned specific applications to dig
deeper to understand the workings of the agencies.
•What if an agency has a surplus of funds; do they really need Town
funds? Anne noted that this question had a lot of nuance to it. Suzanne
indicated that a request has been made to have a CPA at our next meeting to
help us understand if an agency really had a surplus. Anne said that it is was
not easy to discern if an organization had too much money and did not require
town assistance. The bottom line may be more informative than a surplus.
Suzanne noted that it was hard to discern how the organization was directing
their assets and what limitations were on those assets. She also noted that for
some organizations their financials show a large volume of revenues that is
just pass through funds such as rental vouchers or in-kind donations but they
still need our funds. HAC was an example of needing what is called “shallow
subsidies,” for those individuals that don’t qualify for assistance. Another
example is OCHS who uses our money for the unbillable costs for individuals
who do not have insurance. Mary Jo noted that some agencies do not have
large fund-raising capacities which affects their ability to help. Lisa said that
she felt that, given our constraints relative to increases, the smaller agencies
are not getting funded according to need and that monies given had greater
impact than the same amount given to a larger agency. Patricia noted that she
really did not want to forget the little agencies who need the money. Suzanne
agreed that the range of services is very important but we need to clarify what
the need is.
•Should we support organizations that serve regional needs?Does charter
allow for regional support or agency serving individuals without
permanent address? Anne noted that in reading the charter, it seemed to
indicate that we should not be funding regional agencies. It should be clear
that the individuals we help are Brewster residents.
Also, Sean asked if we could put a moratorium on new applications; Suzanne
noted that we have a few months to think about this. Deborah said her concern
was how do find out about duplication of services. Suzanne noted that there is a
lot of housing organizations and they collaborate, but it was hard to really
understand if they were doing the same thing. Some are doing more counseling
and support to increase independence; others are simply funding housing. She
further noted that we should be paying more attention to the agencies that are
collaborating. Asked about establishing a goal/guideline by category of
services would be helpful for our decision-making, Suzanne noted that
clustering them into categories may be worthwhile after we look at agencies.
Sean offered an idea that we allocate a certain amount, for example, for housing
and ask the 3 housing organization for help on its distribution. Suzanne noted that
since we didn’t have that much money to give, this might not be worth the
agencies’ time and energy.
Going forward, it was agreed that it would be helpful to have the knowledge
shared by a CPA and continued discussion—using Suzanne’s non-profit
experience—to understand how to improve our recommendation process. The
committee agreed that it would be good to try to cluster agencies by member
groups, with each taking a deep dive into the applications as well as using town
data to determine if it serves a great need. We will discuss this at the April
meeting. We will discuss what additional organizations we might want to bring in
as we discuss how many meetings we will have during the summer. Mary Jo
asked if the CPA would be a specialist in non-profits; the designated CPA has
some experience in this.
8.Matters Not Reasonably Anticipated by the Chair: Pending meeting schedule for the
next several months: May, June, not July, and August. The meetings following our
April would include visits from agencies about which we have questions. The
suggestion was that Family Pantry of Cape Cod and ASGCC should be invited.
9.Next Meetings: April 3, 2024 at 4:30.
10.Adjournment was at 5:40 p.m.
Date Posted:Date Revised:Received by Town Clerk:
141-1 FO
`3at ;i y
C:ip'c Cod ;4,17
fl
133 Queen Anne Road
Harwich, MA 02645
www.thefamilypantry.com
508-432-6519
a Lti
Christine H. Menard
Executive Director
cmenard@thefamilypantry.com
Trustees
Shelly O'Neill, Chairperson
Norman Clarke
Paul Covell
Lorraine Cowhey
Nancy Diehl DiGiovanni
Richard Gomes
Shirley A. Gomes
Lisa Griffin
Eileen Leary
Peter Moynagh
John Our
James Peterson
Thomas H. Peterson, Jr.
Anne Watson
Daniel Wolf
Directors
Melissa Masi President
Mary Kate Gallagher, Vice President
Kathy McNamara, Secretary
John DeVito, Treasurer
Alfan Campbell
Kathy Kellogg
Larry Lyford
Maureen Maguire
Craig Morong
Patricia Nadle
Richard Roy
Sally Tarbell
Justin Tavano
Patty Underwood
CHARITY
NAVIGATOR
Platinum
Transparency
2023
Four Scar Martty
Candid.
September 5, 2023
Mr. Conor Kenny
Project Manager
Brewster Town Hall
2198 Main Street
Brewster, MA 02631
Dear Mr. Kenny:
Enclosed is an application for the Town of Brewster's Human Services
Grant funding for FY 2025. We are applying under Brewster's identified
need of hunger and we provide food to all of the groups mentioned as
Brewster priorities. Included are 10 copies of the application and the
following attachments:
• 501(c)(3) documentation
• Board of Directors List
• 2024 budget
• 2022 & 2021 audited financial statements provided by Sanders,
Walsh & Eaton, Certified Public Accountants
• 2022 Annual Report
The Pantry recently celebrated 34 years of providing food and clothing
to people throughout Cape Cod. We are the largest pantry on the Cape
and provide a multi -faceted approach to hunger relief. The Pantry has
received three national credentials:
Chanty Navigator: 4 star organization for good govemance and
fiscal responsibility. 20% of nonprofits achieve this.
Points of Light Service Enterprise best in class volunteer
organization. 11 % of nonprofits achieve this.
Candid, formerly Guidestar: Platinum Seal of Transparency for
financial transparency. 15% of nonprofits achieve this.
Thank you for your previous support and consideration of this request.
Please contact me if you have any questions.
Sincerely,
Christine H. Menard
Executive Director
3
APPLICATION COVER SHEET
FY 2025 Human Services Grant Program
TO: Town Administrator, Town of Brewster
2198 Main Street, Brewster, Massachusetts 02631
Co
y"' C6cl
The undersigned ageagencyOle FourV% J,r �os.i'r y �F hereby submits this
application as a Human Services agency serving the residents of the Town of Brewster for
FY2025 funding in the amount of $ ( D 00
Check the identified Human Services needs addressed by this application (check all that apply):
✓ if addressed by
this application
Identified Human Services Need
Specify group(s) served
(e.g., children, elderly, etc.)
MENTAL HEALTH SERVICES
SUBSTANCE ABUSE SERVICES
/
i
SERVICES FOR CHILDREN, TEENS, FAMILIES -AT-
RISK, AND ELDERS
ail
DOMESTIC VIOLENCE SERVICES
LEGAL SERVICES
V
SERVICES ADDRESSING HOUSING NEEDS AND
HUNGER
u 1
CHRONIC CARE SERVICES
V
SERVICES FOR PEOPLE WITH DISABILITIES
A. 11
The undersigned certifies that this application has been made and submitted in good faith
and without collusion or fraud with any other person. As used in this certification, the word
"person" shall mean any natural person, business, partnership, corporation, union, committee,
club or other organization, entity or group of individuals.
Pursuant to MGL Chapter 62C, section 49A, the undersigned duly authorized officer of the
company hereby certifies that said organization has complied with all the laws of the
Commonwealth of Massachusetts relating to taxes.
AGENCY NAME/PHONE: l k & F4+-04- ' r o A-- Ci p Ca�1` 75.0`$' 32
PRINTED NAME/TITLE: C kt 51-41,e H. d d E)c. 4,40 , 6761�
SIGNATURE: DATE: !/ (pls� 3
THIS FORM MUST BE COMPLETED IN FULL IN ORDER FOR APPLICATION TO BE CONSIDERED
FY 2025 Brewster Human Services Grant Request
The Family Pantry of Cape Cod
A. Description of Operations:
1. Mission: The Family Pantry of Cape Cod's mission is to provide food and clothing to ALL
who need it.
2. Trends: The past few years we have seen significant growth in the number of Brewster
residents using our services. The growth in the mobile services was expected since it was new
in 2016. It seems to have had the additional effect of making Brewster residents aware of the
main pantry in Harwich and the increase in Brewster residents' use of the Harwich facility has
been significant.
2022 growth was unprecedented. Records were shattered on every front. It began with the
end of the Pandemic relief in early 2022, continued with the Covid-19 logistical issues, ramped
up with the start of the Ukrainian war, and then the highest inflation in 40 years. Add to all of
this, the seasonal unemployment and lack of affordable housing and the Pantry served the most
people in one year in the history of the Pantry, bar none! In October alone, the Pantry saw a
71 % increase in visits to the Pantry. In 2022, the Family Pantry fed half of the 23,000 food
insecure people on Cape Cod.
Records that were set in 2022:
• Served over 600 families per week
• Saturday Dec 17, we distributed food to 1.2 families per minute
• Increased family visits 44% over 2021
• Distributed the most bags of food in the Pantry's history
• Served the most individuals in the Pantry's history
Total families served: 4,500/11,805 individuals
Total Bags of Food Distributed: 132,962
Total meals served: Over 2.8 million
Total value of food provided: $6.4 million
Supported 1,718 new family registrations
Total Pounds of Clothes Distributed: 35 tons
We measure growth three ways:
1. Distinct clients: Each household counts once whether they came once or several
times to the pantry.
2. Distinct people: Each person counts once whether they came once or several times
to the pantry.
3. Client visits: Each visit for each household is counted.
The charts below show the growth for the past four years.
Distinct Clients
Total
%
increase
Brewster
%
increase
Brewster
mobile
increase
2022
4485
38%
329
18%
86
34%
2021
3252
-18
280
-16
64
-6
2020
3983
_ -12
242
-35
68
33
_
2019
4519
14
371
47
51
-10
2018
3971
6
253
27
57
10
Distinct People
Total
%
increase
Brewster
%
increase
Brewster
mobile
%
increase
2022
11,617
35
623
12
113
14
2021
8,574
-12
557 '
8
109
31
2020
10,022
-4
511
-12
83
41
2019
10,490
12
580
27
59
-23
2018
9,398
2
455
27
64
13
Client Visits
Total
%
increase
Brewster
% '
increase
Brewster
mobile
%
increase
2022
26,560
44
1826
30
582
10
2021
18,469
-6
1406
22
530
48
2020
19,553
-10
1150
-26
358
3
2019
21,644
16
1563
31
347
6
2018
18,744
13
1196
23
326
19
Client visits are projected to increase significantly due to the increase in clients as well as the
Pantry decision to allow clients to shop for food every ten days starting in early 2022.
Bags of Food
Total
increase
Brewster
total
%
increase
Brewster
mobile
%
increase
2022
131,476
41
8,075
24
1,892
6
2021
93,215
-5
6,496
23
1,785
20
2020
98,327
-6
5,288
-19
1,484
5
2019
104,090
14
6,575
24
1,411
9
2018
91,143
12
5,295
22
1,296
_ 18
The increase in client visits described above is responsible for a similar increase in bags of food
distributed.
3. New efforts:
The mobile pantry was started in 2016 and one of our first partners was the Brewster Council on
Aging. Brewster was identified as underserved by Feeding America's national study of the Meal
Gap which is why we decided to begin providing services there. We have since expanded to
include serving people in the Brewster Housing Authority Residence in Brewster. It is very
interesting to note that since the launch of the mobile service in Brewster the number of clients
who come to the main pantry in Harwich has risen significantly. It seems that many Brewster
residents were unaware of the availability of the Pantry.
4. Services are provided at our main location which is at 133 Queen Anne Road in Harwich.
The pantry is open for services at the following times:
Tuesdays 10AM to 3:30PM
Wednesdays 10AM to noon
Thursdays 10AM to 3:30PM & 5-7PM
Saturdays 9AM to noon
People do not need an appointment to access the services. They can come any time we are
open. Everyone goes home from that first visit with food. The quantity is dependent upon the
number of people in the household and people are allowed to shop for food every ten days.
Our website www.thefamilyoantrr.com has a "client video tour" of the pantry on the home page
which shows prospective clients what to expect on their first visit.
Services provided include;
Food: The Pantry has always been a full choice pantry meaning the clients select the food they
wish to have and nothing is ever specified or pre -bagged. The choices available include: the
traditional staples of canned and packaged goods, bakery goods, fresh produce some of which
is grown in our garden during the summer season, high quality frozen meats and locally caught
frozen fish through our partnership with the Cape Cod Commercial Fishermen's Alliance.
Clothing: The Pantry also provides clothing as well as some small household items as
available to our client families free of charge. In addition there are special distributions at
different times during the year including the following:
September Back to School supplies
Thanksgiving: Turkeys and food baskets
December Toy program
Food to Encourage: This is a program for clients with high blood pressure, diabetes or pre -
diabetic conditions and it provides weekly health monitoring by Bamstable County Public Health
Nurses while at the Pantry. In addition each client in the program receives a bag of fresh fruit
and vegetables as well as a recipe, sample of the recipe and other nutrition advice from our
Nutrition Educators.
Mobile Pantry: In addition residents of Brewster have the opportunity to access our services
through Healthy Meals in Motion which is our mobile pantry. Once a month on the 2nd
Wednesday of the month from 11AM to noon, Healthy Meals in Motion brings food to the
Brewster Housing Authority at 11 Frederick Court in partnership with the Brewster Council on
Aging. The food brought has been preselected the week before by each individual and in
addition to the expected pantry staples includes fresh produce, frozen meats and locally caught
and flash frozen seafood. Anyone wishing to access these services should call the Brewster
Council on Aging.
5. Service Providers: The Pantry has a very small staff of 10 people: 4 full time (Executive
Director, Program Manager, Warehouse Manager, Thrift Shop Manager); 4 part time (Logistics
Manager, Office Manager, Thrift Shop Assistant Manager and a very part time Grant Writer) and
1 seasonal (Garden Manager) There is also a group of 650 dedicated volunteers who are the
heart and soul of the Pantry.
B. Funding
1. 2024 Budget
Donations; $875,000
Second Glance Thrift Sales $700,000
Gala $300,000
Grants $550,000
Other Income $2,300
Total $2,427,300
2. Brewster Services
Service provided 2022
Brewster
Residents
Bags of
Food
Cost
Value
Provided food at Pantry
location
510
6,193
$51,773
$305,005
Provided food at Brewster
Mobile Pantry
113
1,922
$16,068
$94,649
Total
623
8,115
$67,841
$399,664
3. Use of Funds: Any funds gratefully received from the Town of Brewster would be used to
feed Brewster residents. Each dollar granted will buy 4 meals.
4. Projected needs: We anticipated the need for our services to continue to grow. With the
current economic uncertainty we are expecting at least modest growth for the next few years.
Projected budget for the next three years with modest (5% growth):
2023 $1,776,300
2024 $2,427,300
2025 $2,550,000
5. Previous Brewster funding: We are very grateful for the generous funding from the Town of
Brewster in the past three years.
FY 2021 $4,300
FY 2022 $5,000
FY 2023 $5,000
FY 2024 $5,000
C. Agency Data
1. Effectiveness: We measure the Pantry's effectiveness by the increased number of people
who use our services each year. Thirty years ago we served 25-50 households each month. For
the past 4 years we have served well over 1,500 households each month. In addition we survey
our clients periodically and our 2019 survey produced the following results:
a. 63% of the respondents come to The Family Pantry because it has the best food.
b. 84% of the respondents believe the variety of fresh fruits and vegetables
available are good to excellent.
c. 95% of the respondents are satisfied or very satisfied by the way they are treated
by the Pantry volunteers.
2. Units of Service: The units of service that we measure include the following:
Distinct (unduplicated) number of clients served
Distinct (unduplicated number of people served
Visits which is the total number of visits to the Pantry by all clients
Bags of food provided
3. Cap on services: We do not have a cap on the number of people who can be served.
4. Statistics:
2022
Total
Brewster
Distinct clients
4,485
329
Distinct people
11,617
623
Total Visits
26,560
1,826
Bags of Food
126,638
8,075
Cost/ distinct person
$90.91
$90.91
Internal Revenue Service
P.O. Box 2508
Cincinnati, OH 45201
Department of the Treasury
Date: July 21, 2016 Person to Contact:
Mr. Mayom, ID # 1306800
Toll -Free Telephone Number:
THE FAMILY PANTRYOF CAPE COD, CORP 877-829-5500
133 QUEEN ANNE RD Employer Identification Number:
HARWICH, MA 02645 22-3079904
Form 990 Required:
Yes
Dear Sir or Madam:
This is in response to your request dated July 14, 2016, regarding your tax-exempt status.
We issued you a determination letter in March 1995, recognizing you as tax-exempt under Internal Revenue ;*
Code (IRC) Section 501(c)(3).
Our records also indicate you're not a private foundation as defined under IRC Section 509(a) because you're
described in IRC Sections 509(a)(1) and 170(b)(1)(A)(vi).
Donors can deduct contributions they make to you as provided in IRC Section 170. You're also qualified to
receive tax deductible bequests, legacies, devises, transfers, or gifts under IRC Sections 2055, 2106, and
2522. h:
In the heading of this letter, we indicated whether you must file an annual information return. If a return is
required, you must file Form 990, 990-EZ, 990-N, or 990-PF by the 15th day of the fifth month after the end of
your annual accounting period. IRC Section 6033(j) provides that, if you don't file a required annual information
return or notice for three consecutive years, your exempt status will be automatically revoked on the filing due
date of the third required return or notice.
For tax forms, instructions, and publications, visit www.irs.gov or call 1 -800 -TAX -FORM (1-800-829-3676).
If you have questions, call 1-877-829-5500 between 8 a.m. and 5 p.m., local time, Monday through Friday
(Alaska and Hawaii follow Pacific Time).
Sincerely yours,
Jeffrey I. Cooper
Director, Exempt Organizations
Rulings and Agreements
Directors
Contact Type
Name
Address
Director
Campbell, Allan
57 Kingswood
Aubumdale, MA 02466
Retired Attorney
Treasurer
DeVito, John
25 Chipmunk Lane
Plymouth MA 02360
Cape Cod Five Bank
Vice President
Gallagher, Mary Kate
42 Ridgewood Drive
Yarmouth Port, MA 02675
Cape Cod 5 Cents Savings Bank
Director
Kellogg, Kathy
142 Yankee Drive
Brewster, MA 02631
Director
Lyford, Larry
237 North Main Street
South Yarmouth, MA 02664
Thirwood Place
Director
Maguire, Maureen
54 Sterling Road
Harwich, MA 02645
Retired Teacher
President
Masi, Melissa
3 Rowland Drive
Chatham, MA 02650
Paralegal
Secretary
McNamara, Kathy
144 Pond View Drive
Brewster, MA 02631
Cape Cod Community College
Education Foundation
Director
Morong, Craig
270 Stage Island Road
Chatham, MA 02633
Atlantic Financial Partners
Director
Nadle, Patricia
39 Captain Bount Drive
South Yarmouth, MA 02664
CEO Outer Cape Healthcare
Director
Roy, Richard
123 Queen Anne Road
Harwich, MA 02645
Owner Rick Roy Construction
Director
Tarbell, Sally
46 Seagull Lane
West Dennis, MA 02670
Director
Tavano, Justin
135 Depot Road
Chatham, MA 02633
Chatham Deputy Fire Chief
Director
Underwood, Sally
9 Lexington Drive
Harwich, MA 02645
Accountant
The Family Pantry of Cape Cod
Program & Organizational Budget
Y
2024
Budget
Revenue:
Donations
$ _
875,000.00
Second Glance Sales
$
700,000.00
Grants
$
550,000.00
Gala
$
300,000.00
Textile Income
$
2,300.00
Total Revenue
$
2,427,300.00
Expenses:
Food
$
655,000.00
Personnel
$
588,460.00
Building:
Maint. Repairs & Cleaning
$
50,000.00
Snowplowing _
$ _
12,000.00
Equipment
$
10,892.00
Supplies
$
68,000.00
Utilities & Phone
$
65,000.00
Insurance General
$
34,998.00
Credit Card & Paypal Fees
$
29,320.00
Other Expenses:
Computers/software
W $
11,000.00
Easter/xmas/BTS
$
20,000.00
Garden
$
7,500.00
Truck Expense
$
17,000.00
Office supply
$
14,000.00
Professional Fees
$
13,000.00
Dues and Subscription
$
9,000.00
Fundraising
$ _
100,000.00
Volunteer Expense
$
35,000.00
Menstrual Products
$
45,000.00
Advertising
$ _
6,500.00
Staff Training
$
3,000.00
Other
$
11,700.00
Total Expenses
$
1,806,370.00
Net Ordinary Income
$
_ 620,930.00
Other Expenses:
Depreciation
$
115,000.00
Second Glance Building
$
8,000.00
Pantry Building
$
220,000.00
403B Investment Fees
$ _
3,000.00
Board Designate Invest. fees
$ _ _
31,000.00
Mass State Fee
$
515.00
Donations Made by Pantry
$
4,000.00
Total Other Expenses
$
381,515.00
Total Net Revenue
$
239,415.00
2022 WAS A RECORD YEAR!
Because of YOU, the Pantry fed a record -breaking x;;.11,555 ; people
and...
• Was able to keep up with an extraordinary •_ : 44% increase in visits over last year
• Distributed the most bags of food and served the greatest number of people in the Pantry's history
• Served over 600 `_ families a week
• Registered more than 1,700 new families and 4,300 new individuals
• Launched new Menstrual Products Program
• Expanded Thursday and Saturday hours at the Pantry
••D
0000•
••• •••
••• ••K
r and ':
Provided 2.8M+
1.9M+
Meals Meals
in 2021 in 2022
Distributed
$4.0M+
Worth
or Food
in 2021
•
••0••
••• •4•
••• •••
• and •.1
$6.4Mt
Worth of
Food
in 2022
Barnstable
Brewster
Chatham
Dennis
Eastham
Harwich
Orleans
Provincetown
Truro & Wellfleet
Upper & Off Cape
Yarmouth
Unique
Families
Served
Individuals Bags of Food
Served Distributed
1,589 4,707
329 639
191 478
522 1,304
146 317
436 959
146 264
110 219
60 138
227 761
741 2,069
4,497 11,855
46,372
8129
6287
16,582
4171
14,652
4,020
3,558
1,455
5,115
22,621
132,962
••••••••••••••••e•
The Mobile Pantry
Distributed
11,870 Bags of Food
to 545 Clients
Serving
Brewster, Chatham,
Dennis, Eastham, Orleans,
and Provincetown
•• 0. 0•• 11•••••00. O•
650
Volunteers
contribute
$2.4M
in labor
grog Pallet Program
Distributed 25 pallets of
food to group homes,
churches, schools, and
other community groups
Special —Nsf...
Giving
••
We provided
600+ Thanksgiving
turkeys and served
600 kids on Toy Day
Garden
Our garden
produced 6,200 lbs.
of fresh vegetables
Second
Glance
Thrift
Boutique
100% of sales support
the Pantry's food program
Clothing &
Household
Items
Distributed 35 Tons of
gently used clothing
Assistance
Fuel
Assistance
and SNAP
applications
continued to be
handled over the phone
Off -Site Locations
01Healthy Meals
34 in Motion
Mobile Pantry
Cape Cod Community
College Pantry
Grab & Go
*le IPmfl
1)/1)t y
oC C2pe Cod
fl
The Family Pantry of Cape Cod began in 1989 with the mission to "provide food and clothing for ALL who need it."
Prioritizing diversity, equity, and inclusion within our work and throughout our practices and relationships is essential to
the Pantry's core beliefs. We strive to ensure that everyone has access to nutritional food and adequate clothing that fits their
cultural and individual needs. The Family Pantry advocates for and advances practices that promote diversity, equity and inclusion.
133 Queen Anne Rd, Harwich, MA 02645 • 508-432-6519 • www.thefamilypantry.com
' CHARITY
NAVIGATOR
Four Star Charity
Se Enterprise
FO£NTS'i''
OP LIGHT
Platinum
Transparency
2022
CREDENTIALS MAINTAINED p6SPO
DVANV
d!!!!!! EO!!!• 9!!! B!!O!!!!! .00O!!!!!!
CHARITY NAVIGATOR -4 STAR ORGANIZATION
ONLY 20% OF NONPROFIT ORGANIZATIONS ACHIEVE THIS RATING
Charity Navigator is America's premier independent charity evaluator. The organization helps
charitable givers make intelligent giving decisions by providing in-depth, objective ratings and
analysis of the financial health, accountability, and transparency of America's charities.
The Family Pantry of Cape Cod maintains a four out of a possible four star rating,
indicating that the Pantry adheres to good governance and other best practices that
minimize the chance of unethical activities and consistently executes its mission in a
fiscally responsible way.
POINTS OF LIGHT SERVICE ENTERPRISE ORGANIZATION
ONLY 11% OF NONPROFIT ORGANIZATIONS ACHIEVE THIS RECOGNITION
Points of Light Service Enterprise organizations demonstrate the transformative power
of service. Recognition as a Service Enterprise results from extensive key staff training
and comprehensive review of organizational and volunteer processes and procedures.
A Service Enterprise is an organization that strategically leverages volunteers to achieve
operational efficiency and greater social impact. Service Enterprises are among the top
11% of nonprofits in the country in volunteer management and organizational performance.
Research conducted by TCC Group and Deloitte shows that nonprofits operating as a
Service Enterprise are as effective as peers but at almost half the median budget, and they
are significantly more adaptable, sustainable, and scalable.
Recognizing The Family Pantry of Cape Cod is a best in class volunteer
organization, the Pantry was certified in 2017 and recertified in 2020.
CANDID: PLATINUM TRANSPARENCY
ONLY 15% RECEIVE THIS SEAL
Candid, formerly GuideStar, is the world's largest source of information about nonprofit
organizations. Candid also works to verify that a Platinum Seal recipient organizations are
established and that donated funds are used where the donor intended.
Nonprofit organizations are rated Bronze, Gold, and Platinum for their financial
transparency.
For the fifth year, The Family Pantry of Cape Cad received the Platinum Seal of
Transparency, indicating that the organization shares clear and important information with
the public about goals, strategies, capabilities, achievements, and progress indicators that
highlight the difference the Pantry makes in the world.
THE FAMILY PANTRY OF CAPE COD CORPORATION
(a nonprofit corporation)
FINANCIAL STATEMENTS
For the Years Ended December 31, 2022 and 2021
THE FAMILY PANTRY OF CAPE COD CORPORATION
Table of Contents
For the Years Ended December 31, 2022 and 2021
Page
INDEPENDENT AUDITOR'S REPORT
FINANCIAL STATEMENTS:
Statements of Financial Position
Statements of Activities
Statements of Functional Expenses
Statements of Cash Flows
NOTES TO FINANCIAL STATEMENTS
1-2
3
4-5
6-7
8
9-20
WE
SANDERS, WAL SOH 8c EATON CPAs, LLC
INDoglaw-FXBirtM5ORT
To the Board of Directors
The Family Pantry of Cape Cod Corporation
Harwich, MA
Opinion
We have audited the accompanying financial statements of The Family Pantry of Cape Cod Corporation (a
nonprofit organization), which comprise the statements of financial position as of December 31, 2022 and 2021,
and the related statements of activities, functional expenses, and cash flows for the years then ended, and the
related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial
position of The Family Pantry of Cape Cod Corporation as of December 31, 2022 and 2021, and the changes in its
net assets and its cash flows for the years then ended in accordance with accounting principles generally accepted
in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of
America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the
Audit of the Financial Statements section of our report. We are required to be independent of The Family Pantry of
Cape Cod Corporation and to meet our other ethical responsibilities in accordance with the relevant ethical
requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with
accounting principles generally accepted in the United States of America, and for the design, implementation, and
maintenance of internal control relevant to the preparation and fair presentation of financial statements that are
free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events,
considered in the aggregate, that raise substantial doubt about The Family Pantry of Cape Cod Corporation's
ability to continue as a going concern within one year after the date that the financial statements are available to be
issued.
P.O. Box 1427 • West Chatham, MA 02669 • Tel: 508.945.0031.800387.1040 • Fax: 508.345.9267
P.O. Box F • Ostarville, MA 02655 • Tel: 508.428.0790.677.428.1040 • Fax: 508,428.6150
P.O. Box 070 • Sandwich, MA 02563 • Tel: 774.338.5444 • Fax. 774.4119922
1.
00-,01)000000000000000000000
Member -American Institute of Certired Public Accountants • Massachusetts Society of Card& d Public Accountants
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a
guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a
material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control. Misstatements, including omissions, are considered material
if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by
a reasonable user based on the financial statements.
in performing an audit in accordance with generally accepted auditing standards, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit.
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, and design and perform audit procedures responsive to those risks. Such procedures include
examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of The
Family Pantry of Cape Cod Corporation's internal control. Accordingly, no such opinion is expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting
estimates made by management, as well as evaluate the overall presentation of the financial statements.
• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise
substantial doubt about The Family Pantry of Cape Cod Corporation's ability to continue as a going concern
for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we
identified during the audit.
,alders lead & Saaet, eP/44,iie
Osterville, Massachusetts
April 4, 2023
2
THE FAMILY PANTRY OF CAPE COD CORPORATION
Statements of Financial Position
For the Years Ended December 31, 2022 and 2021
ASSETS
2022 2021
Current Assets:
Cash and cash equivalents $ 5,212,875 $ 4,302,221
Operating investments 3,172,633 2,373,753
Prepaid expenses 57,264 61,469
Total Current Assets 8,442,772 6,737,442
Noncurrent Assets:
Property and equipment; net 1,554,061 1,480,459
Endowment Investments 35,620 • -
Total Noncurrent Assets 1,589,681 1,480,459
Total Assets $ 10,032,454 $ 8,217,901
LIABILITIES AND NET ASSETS
Current Liabilities:
Accounts payable $ 11,383 $ 8,719
Accrued expenses 33,782 29,532
Total Current Liabilities 45,165 38,251
Total Liabilities 45,165 38,251
Net Assets:
With donor restrictions
52,783 48,206
Without donor restrictions
Undesignated 9,924,506 8,121,444
Designated by the Board for an employee emergency fund 10,000, 10,000
9,934,506 8,131,444
Total Net Assets
9,987,289 8,179,650
Total Liabilities and Net Assets $ 10,032,454 $ 8,217,901
The accompanying notes are an integral part of these financial statements.
3
THE FAMILY PANTRY OF CAPE COD CORPORATION
Statement of Activities
For the Years Ended December 31, 2022
2022
Revenue, Gains, and Other Support:
Contributions and grants
Special events, less of $67,605 of direct benefits to donors
In -kind contributions (Note J)
In -kind contributions - thrift shop sales (Note J)
Other income
Gain(Loss) on sale of property and equipment
Investment return, net
Net assets released from restrictions
Total Revenue, Gains, and Other Support
Expenses:
Program
Management and general
Fund-raising
Total Expenses
Change in Net Assets
Net Assets, Beginning of Year
Net Assets, End of Year
Without Donor With Donor
Restrictions Restrictions
Total
$ 2,590,467 $ 42,969 $ 2,633,435
238,313 - 238,313
2,745,167 2,745,167
602,370 - 602,370
2,250 2,250
13,808 13,808
(181,239) (181,239)
38,392 (38,392) -
4,577 6,054,104
6,049,527
4,007,122
176,656
62,687
4,246,465
1,803,062
8,131,444
4,007,122
176,656
62,687
4,246,465
4,577 1,807,639
48,206 8,179,650
$ 9,934,506 $ 52,783 $ 9,987,289
The accompanying notes are an integral part of these financial statements.
4
THE FAMILY PANTRY OF CAPE COD CORPORATION
Statement of Activities
For the Years Ended December 31, 2021
2021
Revenue, Gains, and Other Support:
Contributions and grants
Special events, less of $10,100 of direct benefits to donors
In -kind contributions (Note J)
In -kind contributions - thrift shop sales (Note J)
Other income
Gain(Loss) on sale of fixed asset
Investment return, net
Net assets released from restrictions
Total Revenue, Gains, and Other Support
Expenses:
Program
Management and general
Fund-raising
Total Expenses
Change in Net Assets
Net Assets, Beginning of Year
Net Assets, End of Year
Without Donor With Donor
Restrictions Restrictions
$ 2,334,700
252,120
2,125, 334
482,069
1,813
77,762
39,586
5,313,383
2,946,564
142,745
57,780
3,147,089
2,166,294
5,965,150
$ 47,500
(39,586)
Total
$ 2,382,200
252,120
2,125, 334
482,069
1,813
77,762
7,914 5,321,297
2,946,564
142,745
57,780
3,147,089
7,914 2,174,208
40,292 • 6,005,442
$ 8,131,444 $ 48,206 $ 8,179,650
The accompanying notes are an integral part of these financial statements.
5
THE FAMILY PANTRY OF CAPE COD CORPORATION
Statement of Functional Expenses
For the Year Ended December 31, 2022
Management Fund
Program and General Raising
Total
Expenses:
Food & clothing $ 3,202,238 $ $ $ 3,202,238
Salaries and wages 327,592 110,754 31,854 470,200
Payroll taxes 29,142 9,853 2,834 41,829
Employee benefits 22,741 8,361 2,341 33,442
Contract labor 3,862 3,862
Advertising 2,475 3,024 5,499
Transportation 19,455 19,455
Utilities 51,013 3,401 54,414
Office expenses 21,981 7,431 19,833 49,246
Repairs and maintenance 114,329 7,622 121,951
Insurance 27,594 4,162 31,756
Professional fees - 17,535 2,800 20,335
Garden expenses 6,692 6,692
Credit card fees 24,768 24,768
Volunteer expense 22,258 22,258
Other 1,473 389 1,862
Grants and other assistance 22,289 22,289
Depreciation 107,222 7,148 114,370
Totals
4,007,122 $ 176,656 . $ 62,687 $ 4,246,465
The accompanying notes are an integral part of these financial statements.
6
THE FAMILY PANTRY OF CAPE COD CORPORATION
Statement of Functional Expenses
For the Year Ended December 31, 2021
Management Fund
Program and General Raising
Total
Expenses:
Food & clothing $ 2,288,232 $ $ $ 2,288,232
Salaries and wages 270,639 91,498 26,316 388,454
Payroll taxes 23,595 7,977 2,294 33,866
Employee benefits 17,063 6,273 1,756 25,092
Contract labor 1,120 - 1,120
Advertising 2,755 3,366 6,121
Transportation 13,757 13,757
Utilities -33,576 2,238 35,815
Office expenses 19,839 6,707 18,847 45,394
Repairs and maintenance 85,695 5,713 91,408
Insurance 24,526 3,700 28,226
Professional fees - 12,051 5,200 17,251
Garden expenses 6,907 6,907
Credit card fees 21,133 - 21,133
Volunteer expense 17,189 17,189
Other 2,691 713 - 3,404
Grants and other assistance 29,726 - 29,726
Depreciation 88,121 5,875 93,996
Totals
2,946,564 $ 142,745 $ 57,780 $ 3,147,089
The accompanying notes are an integral part of these financial statements.
7
THE FAMILY PANTRY OF CAPE COD CORPORATION
Statements of Cash Flows
For the Years Ended December 31, 2022 and 2021
2022 2021
Cash Flows from Operating Activities:
Change in net assets $ 1,807,639 $ 2,174,208
Adjustments to reconcile change in net assets
to net cash provided by operating activities
Depreciation 114,370 93,996
Realized and unrealized (gain) loss on operating investments 225,757 (63,195)
Endowment net investment (return) (620)
(Gain) loss on sale of property and equipment (13,808)
Contributed property and equipment capitalized (2,500) (16,890)
Contributions restricted to endowment (35,000)
(Increase)1 decrease in assets:
Inventory, net 9,238
Grants receivable, net 4,000
Prepaid expenses 4,204
increase /(decrease) in liabilities:
Accounts payable and accrued expenses 6,914 (2,636)
Net Cash Provided by Operating Activities 2,106,956 2,198,721
Cash Flows from Investing Activities:
Purchases of operating investments (1,024,638) (8,527)
(Additions to)twithdrawals from endowment (35,000)
Purchases of property and equipment (187,664) (1,628,550)
Proceeds from sale of property and equipment 16,000
Net Cash Used by Investing Activities (1,231,302) (1,637,077)
Cash Flows from Financing Activities:
Collections of contributions restricted to endowment
Net Cash Provided by Investing Activities
35,000
35,000
Net Change in Cash and Cash Equivalents 910,654 561,643
Cash and Cash Equivalents, Beginning of Year 4,302,221 3,740,577
Cash and Cash Equivalents, End of Year $ 5,212,875 $ 4,302,221
The accompanying notes are an integral part of these financial statements.
8
THE FAMILY PANTRY OF CAPE COD CORPORATION
Notes to Financial Statements
For the Years Ended December 31, 2022 and 2021
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
Nature of Organization
The Family Pantry of Cape Cod Corporation (the "Family Pantry") was established in 1990 for the purpose of
acquiring and distributing food to the poor and needy. Its principal activity is the collection, storage and re-
distribution of food, furniture and clothing. Revenues are derived primarily from public and private donations, grants
and thrift shop sales.
Basis of Accounting
The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with
accounting principles generally accepted in the United States of America (US GAAP).
Cash and Cash Equivalents
The Family Pantry considers all cash and highly liquid financial instruments with original maturities of three months
or less, which are neither held for nor restricted by donors for long-term purposes, to be cash and cash
equivalents. Cash and highly liquid financial instruments restricted to building projects, endowments that are
perpetual in nature, or other long-term purposes are excluded from this definition.
Property and Equipment
The Family Pantry records property and equipment additions over $1,000 at cost, or if donated, at fair value on the
date of donation. Depreciation is computed using the straight-line method over the estimated useful lives of the
assets ranging from 3 to 30 years. When assets are sold or otherwise disposed of, the cost and related
depreciation are removed from the accounts, and any resulting gain or loss is included in the statements of
activities. Costs of maintenance and repairs that do not improve or extend the useful lives of the respective assets
are expensed currently.
The Family Pantry reviews the carrying values of property and equipment for impairment whenever events or
circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash
flows expected to result from its use and eventual disposition. When considered impaired, an impairment loss is
recognized to the extent carrying value exceeds the fair value of the asset. There were no indicators of asset
impairment during the years ended December 31, 2022 and 2021, respectively.
Investments
The Family Pantry records investment purchases at cost, or if donated, at fair value on the date of donation.
Thereafter, investments are reported at their fair values in the statements of financial position. Net investment
return/(loss) is reported in the statements of activities and consists of interest and dividend income, realized and
unrealized capital gains and losses, less external and direct internal investment expenses.
Functional Allocation of Expenses
The costs of program and supporting services activities have been summarized on a functional basis in the
statements of activities. The statements of functional expenses present the natural classification detail of expenses
by function. Accordingly, certain costs have been allocated among the programs and supporting services benefited
on a reasonable basis that is consistently applied. The expenses that are allocated include utilities, depreciation,
which are allocated on a square footage basis, as well as salaries and wages, employee benefits, payroll taxes,
professional fees, office expenses, insurance, advertising, repair and maintenance, and other, which are allocated
on the basis of estimates of time and effort.
9
THE FAMILY PANTRY OF CAPE COD CORPORATION
Notes to Financial Statements
For the Years Ended December 31, 2022 and 2021
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued):
Net Assets
Net assets, revenues, gains, and losses are classified based on the existence or absence of donor- or grantor -
imposed restrictions. Accordingly, net assets and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions — Net assets available for use in general operations and not subject to
donor- (or certain grantor-) imposed restrictions. The governing board has designated, from net assets without
donor restrictions, net assets for an employee emergency fund.
Net Assets With Donor Restrictions — Net assets subject to donor- (or certain grantor-) imposed restrictions. Some
donor -imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other
events specified by the donor. Other donor -imposed restrictions are perpetual in nature, where the donor stipulates
that resources be maintained in perpetuity. The Family Pantry reports contributions restricted by donors as
increases in net assets with donor restrictions if they are received with donor stipulations that limit the use -of the
donated assets. When a donor restriction expires, that is, when a stipulated time restriction ends, or purpose
restriction is accomplished, net assets with donor restrictions are reclassified to net assets without donor
restrictions and reported in the statements of activities as net assets released from restrictions. The Family Pantry
reports conditional contributions restricted by donors as increases in net assets without donor restrictions if the
restrictions and conditions expire simultaneously in the reporting period. Gifts of long-lived assets and gifts of cash
restricted for the acquisition of long-lived assets are released when received and released from restrictions when
the assets are placed in service.
Revenue and Revenue Recognition
The Family Pantry recognizes contributions when cash, securities or other assets, an unconditional promise to
give, or a notification of a beneficial interest is received. Conditional promises to give, that is, those with a
measurable performance or other barrier, and a right of return, are not recognized until the conditions on which
they depend have been substantially met. Revenue related to grants that are considered reciprocal transactions or
purchases of services, the results of which are turned over to the grantor, is recognized as the work under the
contract is performed. Grants that are considered nonreciprocal transactions or contributions that further the
programs of the Family Pantry are recorded when the Family Pantry receives notification of the grant award or
contribution, or, if conditions for performance are imposed, revenue is recognized.when conditions have been met.
Special events revenue is comprised of an exchange element based upon the direct benefits donors receive and a
contribution element for the difference. The Family Pantry recognizes special events revenue equal to the fair
value of direct benefits to donors when the special event takes place. The Family Pantry recognizes the
contribution element of special event revenue immediately, unless there is a right of return if the special event does
not take place.
Thrift shop sales are recognized at the time of purchase. Payments are required at the time of sale.
All goods and services are transferred at a point in time.
The Family Pantry is supported primarily by food donations, contributions, and grants. Approximately, 45% and
40% of the Family Pantry's total revenue came from food donations for the years ended June 30, 2022 and 2021,
respectively.
10
THE FAMILY PANTRY OF CAPE COD CORPORATION
Notes to Financial Statements
For the Years Ended December 31, 2022 and 2021
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued):
Advertising
The Family Pantry follows the policy of charging the costs of advertising to expense as incurred. Advertising costs
for the years ended December 31, 2021 and 2020 totaled $5,499 and $6,121, respectively.
Compensated Absences The Family Pantry's employees eam vacation leave at a rate that is based on length of service. Up to 10 days of
vacation leave can be carried over from one year to the next and any unused vacation leave is paid out upon
termination. Accordingly, accrued compensated absences for the years ended December 31, 2022 and 2021 were
$10,282 and $10,282, respectively.
in -Kind Contributions
Contributed nonfinancial assets include donated professional services, donated equipment, supplies and other in -
kind contributions which are recorded at the respective fair values of the goods or services received (Note J). In
addition to contributed nonfinancial assets, volunteers contribute significant amounts of time to program services,
administration, and fundraising and development activities; however, the consolidated financial statements do not
reflect the value of these contributed services because they do not meet recognition criteria prescribed by generally
accepted accounting principles. Contributed goods are recorded at fair value at the date of donation.
Income Taxes
The Family Pantry is organized as a Massachusetts nonprofit corporation and has been recognized by the IRS as
exempt from federal income taxes under IRC Section 501(a) as an organization described in IRC Section
501(c)(3), qualify for the charitable contribution deduction under IRC Sections 170(b)(1)(A)(vi) and (viii), and has
been determined not to be a private foundation under IRC Sections 509(a)(1) and (3), respectively. The Family
Pantry is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In
addition, the Family Pantry is subject to income tax on net income that is derived from business activities that are
unrelated to it's exempt purposes. Management has determined that the Family Pantry is not subject to unrelated
business income tax and has not filed an Exempt Organization Business Income Tax Retum (Form 990-T) with the
IRS.
Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the
date of the financial statements and the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates, and those differences could be material.
Financial Instruments and Credit Risk
The Family Pantry manages deposit concentration risk by placing cash, money market accounts, and certificates
of deposit with financial institutions believed by management to be creditworthy. At times, amounts on deposit may
exceed insured limits or include uninsured investments in money market mutual funds. To date, the Family Pantry
has not experienced losses in any of these accounts. Investments are made by diversified. investment managers
whose performance is monitored by management and the Board of Directors. Although the fair values of
investments are subject to fluctuation on a year-to-year basis, management and the Board of Directors believe that
the investment policies and guidelines are prudent for the long-term welfare of the Family Pantry.
11
THE FAMILY PANTRY OF CAPE COD CORPORATION
Notes to Financial Statements
For the Years Ended December 31, 2022 and 2021
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued):
Reclassifications
Certain reclassifications of amounts previously reported have been made to the accompanying financial
statements to maintain consistency between periods presented. The reclassifications had no impact on previously
reported net assets.
NOTE B - PROPERTY AND EQUIPMENT:
Property and equipment consists of the following at December 31, 2022 and 2021:
2022 2021
Automobiles $ 236,570 $ 164,939
Furniture and fixtures 33,530 38,805
Machinery and equipment 216,191 168,716
Land and improvements 387,201 387,201
Buildings and improvements 1,746,790 1,733,114
Other 27,281 28,881
2,647,563 2,521,656
Less accumulated depreciation (1,093,502) (1,041,196)
Total $ 1,554,061 $ 1,480,459
NOTE C - LINES OF CREDIT:
The Family Pantry has a revolving line of credit with TD Bank, due on demand with a maximum borrowing limit of
$50,000. As part of the conditions precedent to each advance, the Family Pantry is required to provide a security
agreement to the lender granting security interest in all its property (the collateral). The aggregate principal balance
outstanding bears interestat a rate of one (1.00%) above the Wall Street Journal prime rate, adjusted by any
minimum or maximum rate limitations. Lender is also entitled to collect an annual fee of two hundred and fifty
dollars ($250) to cover costs incurred by the lender to service and administer the credit facility.
The Family Pantry has a revolving line of credit with Cape Cod Five, due on demand with a maximum borrowing
limit of $500,000. The Family Pantry grants a security interest in all its property (the collateral). The note carries a
variable interest rate based on changes in the Wall Street Journal prime rate, adjusted by any minimum or
maximum rate limitations. Under no circumstances will the interest rate on the note be less than 3.25%.
12
THE FAMILY PANTRY OF CAPE COD CORPORATION
Notes to Financial Statements
For the Years Ended December 31, 2022 and 2021
NOTE D - LIQUIDITY AND AVAILABLITY OF FINANCIAL ASSETS:
The following reflects the Family Pantry's financial assets as of the statements of financial position date reduced by
amounts not available for- general use because of donor -imposed restrictions within one year of the statements of
financial position date. Amounts not available include board designated amounts set aside for an employee
emergency fund that could be drawn upon if the governing Board approves that action. However, amounts already
appropriated from either donor -restricted funds or Board designated funds for general expenditure within one year
of the statements of financial position date have not been subtracted as unavailable.
Financial assets available for general expenditure, that is, without donor or other restrictions limiting their use,
within one year of the statements of financial position date, comprise the following:
Financial assets at year end:
Cash and cash equivalents
Operating and endowment Investments
Total financial assets at year end
Less those unavailable for general expenditures within one year, due to:
Restricted by donor with purpose restrictions
Subject to appropriation and expenditures when specified event occurs
Board Designations:
Amount set aside for employee emergency fund
Financial assets available to meet cash needs for general expenditure
within one year
2022
2021
$. 5,212,875 $ 4,302,221
3,208,253 2,373,753
8,421,128 6,675,973
(17,163) (48,206)
(35,620) -
(10,000) (10,000)
$ 8,358,345 $ 6,617,767
The Family Pantry is supported by both restricted and unrestricted contributions. Because a donor's restriction
requires resources to be used in a particular manner or in a future period, the Family Pantry must maintain
sufficient resources to meet those responsibilities to its donors. Thus, financial assets may not be available for
general expenditure within one year. As part of the Family Pantry's liquidity management plan, it has a policy to
structure its financial assets to be available as its general expenditures, liabilities, and other obligations come due.
Cash in excess of daily requirements is invested in short-term investments, CDs, and money market funds. In the
event of unanticipated liquidity need, the Family Pantry could also draw upon $550,000 of available lines of credit
or its Board designated fund.
NOTE E - INVESTMENT RETURN:
Investment income for the years ended December 31, 2022 and 2021, consisted of the following:
2022
Interest
Dividends
Realized gains (losses)
Unrealized gains (losses)
Investment fees
2021
$ 9,261
56,796
(22,589)
(203,168)
(21,539)
$ 6,039
20,830
4,468
58,727
(12,303)
Total Investment Income (Loss) $ (181,239) $ 77,762
13
THE FAMILY PANTRY OF CAPE COD CORPORATION
Notes to Financial Statements
For the Years Ended December 31, 2022 and 2021
NOTE F - FAIR VALUE MEASUREMENTS AND DISCLOSURES:
The Family Pantry reports certain assets, at fair value in the financial statements. Fair value is the price that would
be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal, or most
advantageous, market at the measurement date under current market conditions regardless of whether that price
is directly observable or estimated using another valuation technique. Inputs used to determine fair value refer
broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions
about risk. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions
market participants would use in pricing the asset or liability based on market data obtained from sources
independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own
assumptions about the assumptions market participants would use in pricing the asset or liability based on the best
information available. A three-tier hierarchy categorizes the inputs as follows:
Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that can be access at the
measurement date.
Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, quoted prices for
identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are
observable for the asset or liability, and market -corroborated inputs.
Level 3 — Unobservable inputs for the asset 'or liability. In these situations, inputs are developed using the best
information available in the circumstances.
In some cases, the inputs used to measure the fair value of an asset or a liability might be categorized within
different levels of the fair value hierarchy. In those cases, the fair value measurement is categorized in its entirety
in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement.
Assessing the significance of a particular input to entire measurement requires judgment, taking into account
factors specific to the asset or liability. The categorization of an asset within the hierarchy is based upon the pricing
transparency of the asset and does not necessarily correspond to our assessment of the quality, risk, or liquidity
profile of the asset or liability.
A significant portion of investment assets are classified within Level 1 because they comprise publicly trade equity
securities with daily quoted market prices and open-end mutual funds with readily determinable fair values based
on daily redemption values.
The following table presents assets measured at fair value on a recurring basis, except those measured at cost at
December 31, 2022:
14
THE FAMILY PANTRY OF CAPE COD CORPORATION
Notes to Financial Statements
For the Years Ended December 31, 2022 and 2021
NOTE E - FAIR VALUE MEASUREMENTS AND DISCLOSURES (Continued):
Fair Value Measurements at Report Date Using
Quoted
Prices in Significant
Active Markets Other Significant
for Identical Observable Unobservable
Assets Inputs Inputs
Assets Total (Level 1) (Level 2) (Level 3)
Operating Investments
Money market funds (at cost) $ 282,528 $ $ $
Fixed income - mutual funds 1,659,206 1,659,206
Equity securities 1,230,899 1,230,899 -
Totals
Endowment Investments
Money market funds (at cost)
Totals
$
3,172,633 $ 2,890,105 $ $
35,620 $
35,620 $
$ $
The following table presents assets measured at fair value on a recurring basis, except those measured at cost at
December 31, 2021:
Fair Value Measurements at Report Date Using
Quoted
Prices in Significant
Active Markets Other Significant
for Identical Observable Unobservable
Assets Inputs Inputs
Assets Total (Level 1) (Level 2) (Level 3)
Operating Investments
Money market funds (at cost) $ 831,700 $ $
Fixed income - mutual funds 857,926 857,926 -
Equity securities 684,127 684,127 -
Totals $ 2,373,753 $ 1,542,053 $
Endowment Investments
Money market funds (at cost)
Totals $ $ $ - $
15
THE FAMILY PANTRY OF CAPE COD CORPORATION
Notes to Financial Statements
For the Years Ended December 31, 2022 and 2021
NOTE G - ENDOWMENT FUND
The Family Pantry's endowment (the Endowment) consists solely of donor -restricted funds.
The Board of Directors has interpreted the Massachusetts Uniform Prudent Management of Institutional Funds Act
(UPMIFA) as requiring the preservation of the fair value of the original gift as of the date of the donor -restricted
endowment funds, unless there are explicit donor stipulations to the contrary. At December 31, 2022 and 2021,
there were no such donor stipulations. As a result of this interpretation, the Family Pantry retain in perpetuity (a) the
original value of initial and subsequent gift amounts (including promises to give net of discount and allowance for
doubtful accounts donated to the Endowment and (b) any accumulations to the endowment made in accordance
with the direction of the applicable donor gift instrument at the time the accumulation is added. Donor -restricted
amounts not retained in perpetuity are subject to appropriation for expenditure by us in a manner consistent with
the standard of prudence prescribed by UPMIFA.
The Family Pantry considers the following factors in making a determination to appropriate or accumulate donor -
restricted endowment funds:
(1) The duration and preservation of the fund
(2) The purposes of the organization and the endowment fund
(3) General economic conditions
(4) The possible effect of inflation and deflation
(5) The expected total return from income and the appreciation of interments
(6) Other resources of the organization
(7) The organization's investment policies.
As of December 31, 2022 and 2021, the Organization had the following endowment net asset composition by type
of fund:
December 31, 2022
Donor -restricted endowment funds
Original donor -restricted gift amount and amounts
required to be maintained in perpetuity by donor
Accumulated investment gains (losses)
December 31, 2021
Donor -restricted endowment funds
Original donor -restricted gift amount and amounts
required to be maintained in perpetuity by donors
Accumulated investment gains (losses)
16
Without Donor With Donor Total
Restrictions Restrictions Endowment
$ 35,000 $ 35,000
620 620
$ $ 35,620 $ 35,620
Without Donor With Donor Total
Restrictions Restrictions Endowment
$ $
THE FAMILY PANTRY OF CAPE COD CORPORATION,
Notes to Financial Statements
For the Years Ended December 31, 2022 and 2021
NOTE G - ENDOWMENT FUND (Continued)
From time to time, the fair value associated with individual donor -restricted endowment funds may fall below the
level required to be maintained by the donor or by law (underwater endowment). The Family Pantry has interpreted
UPMIFA to permit spending from underwater endowments in accordance with prudent measures required under
law. At December 31, 2022 and 2021, there are no underwater endowments.
The Family Pantry has adopted investment and spending policies for the Endowment that attempt to provide a
predictable stream of funding for operations while seeking to maintain the purchasing power of the endowment
assets. Over time, long-term rates of return should be equal to an amount sufficient to maintain the purchasing
power of the Endowment assets, to provide the necessary capital to fund the spending policy, and to cover the
costs of managing the Endowment investments. The target minimum rate of return is the Consumer Price Index
plus 5 percent on an annual basis. Actual returns in any given year may vary from this amount. To satisfy this long-
term rate -of -return objective, the investment portfolio is structured on a total -return approach through which
investment returns are achieved through both capital appreciation (realized and unrealized) and current yield
(interest and dividends). A significant portion of the funds are invested to seek growth of principal over time.
The Family Pantry uses an endowment spending -rate formula to determine the maximum amount to spend from
the Endowment, including those endowments deemed to be underwater, each year. The rate, determined and
adjusted from time to time by the Board of Directors, is applied to the average fair value of the Endowment
investments for the prior 12 quarters at December 31 of each year to determine the spending amount for the
upcoming year. During 2022 and 2021, the spending rate maximum was 4.5 percent. in establishing this policy, the
Family Pantry considered the long-term expected return on the Endowment and set the rate with the objective of
maintaining the purchasing power of the Endowment over time.
Changes in Endowment net assets for the years ended December 31, 2022 and 2021 are as follows:
Year ended December 31, 2022
Endowment net assets, beginning of year
Investment return, net
Contributions
Appropriation of endowment assets
pursuant to spending -rate policy
Endowment net assets, end of year
Year ended December 31, 2021
Without Donor With Donor Total
Restrictions Restrictions Endowment
$ - $ - $
620
35,000
620
35,000
$ 35,620 $ 35,620
Without Donor With Donor Total
Restrictions Restrictions Endowment
Endowment net assets, beginning of year
Investment return, net
Contributions
Appropriation of endowment assets
pursuant to spending -rate policy
Endowment net assets, end of year
17
$
$ $
$
THE FAMILY PANTRY OF CAPE COD CORPORATION
Notes to Financial Statements
For the Years Ended December 31, 2022 and 2021
NOTE H - NET ASSETS WITH DONOR RESTRICTIONS:
Net assets with donor restrictions are restricted for the following purposes:
2022 2021
Subject to expenditure for a specific purpose:
Fish for Families Program $ 9,814 $ 47,500
Menstrual Product Program 7,349
Healthy Meals in Motion Program
Other 706
17,163 48,206
Endowments:
Perpetual in nature, earnings from which are subject to
endowment spending policy and appropriation:
General use
35,620
35,620
$ 52,783 $ 48,206
Net assets were released from donor restrictions by incurring expenses satisfying the restricted purpose or other
events specified by the donors as follows for the years ended December 31, 2022 and 2021:
Satisfaction of purpose restrictions:
Fish for Families Program
Healthy Meals in Motion Program
College Pantry Program
Other
Restricted -purpose spending -rate
policy and appropriations
General use
NOTE 1- EMPLOYEE BENEFITS
2022 2021
$ 37,686 $ 10,000
29,586
706
38,392 39,586
$ 38,392 $ 39,586
The Family Pantry sponsors a tax -deferred annuity plan (the Plan) qualified under IRC Section 403(b) covering
substantially all employees. The plan provides that all employees may voluntarily contribute up to 100 percent of
their earnings to the Plan, up to the maximum contribution allowed by the IRS. The Family Pantry does not match
employee voluntary contributions. The Family Pantry incurred $1,535 and $1,033 in plan administration fees at
December 31, 2022 and 2021, respectively.
18
THE FAMILY PANTRY OF CAPE COD CORPORATION
Notes to Financial Statements
For the Years Ended December 31, 2022 and 2021
NOTE J - IN -KIND CONTRIBUTIONS:
For the years ended December 31, 2022 and 2021, contributed nonfinancial assets recognized within the
statements of activities included the following:
December 31, 2022
Machinery
Used household goods and clothing
Food:
Greater Boston Food Bank - Misc.
Greater Boston Food Bank - USDA
Greater Boston Food Bank - MEFA
Individuals and organizations
Professional services
Supplies
Building and land improvements
Used household goods and clothing
Food:
Greater Boston Food Bank - Misc.
Greater Boston Food Bank - USDA
Greater Boston Food Bank - MEFA
Individuals and organizations
Program
Services
$ 2,500
602,370
1,316,311
440,413
546,727
439,216
Management
and General Fundraising Total
$ - $
$ 3,347,537 $ - $
December 31, 2021
$ 2,500
602,370
1,316,311
440,413
546,727
439,216
3,347,537
Program
Services
492
700
16,890
482,069
1,023,755
298,064
427,222
356,178
Management
and General Fundraising Total
2,033
2,525
700
16,890
482,069
1,023,755
298,064
427,222
356,178
$ 2,605,370 $ 2,033 $ $ 2,607,403
The Family Pantry received donations of machinery in amount of $2,500 and construction services for building and
land improvements in amount of $16,890, for the year ended December 31, 2022 and 2021, respectively. Both
the machinery and the construction services for building and land improvements were capitalized. The machinery
was valued using estimated U.S wholesale prices (principal market) for identical equipment. The construction
services were valued based on current rates for similar construction services.
The used household goods and clothing donations represent donated items sold in the Family Pantry's thrift shop.
The Family Pantry's policy is to sell all donated household items and clothing immediately upon receipt unless
items are not in salable conditions, in which case they are donated. Proceeds from household goods and clothing
are valued according to actual cash proceeds on their disposition.
Contributed professional services are valued at the estimated fair value based on current rates for similar services.
Contributed supplies are valued using estimated U.S. wholesale prices (principal market) of identical or similar
products using pricing data under a "like -kind" methodology considering the goods' condition and utility for use at
the time of the contribution.
19
THE FAMILY PANTRY OF CAPE COD CORPORATION
Notes to Financial Statements
For the Years Ended December 31, 2022 and 2021
NOTE J - IN -KIND CONTRIBUTIONS (Continued):
The Family Pantry receives food donations from the general public. It also receives food from the USDA and the
Massachusetts Emergency Food Assistance Program through the Greater Boston Food Bank (GBFB). Contributed
food is valued at $1.94 and $1.62 per pound for the years ended December 31, 2022 and 2021, respectively, the
approximate average wholesale value of one pound of donated food product at the national level, as outlined in
studies performed by Feeding America. GBFB also provides salvage food to the Family Pantry valued at nineteen
cents a pound, which covers the GBFB's handling fees and transportation costs.
All gifts -in -kind received during the years ended December 31, 2022 and 2021 were unrestricted.
NOTE K - RELATED PARTIES:
Rick Roy Construction, LLC. owned by a member of the Board of Directors provided construction services totaling
$0 and $35,856 to the Family Pantry for the years ended December 31, 2022 and 2021, respectively.
NOTE L - SUBSEQUENT EVENTS:
The Family Pantry has evaluated subsequent events through April 4, 2023, the date which the financial statements
were available to be issued.
20