Christine Twait
All Connections
4 total
All Connections
4 totalCo-founder and former board member Christine Twait is party to a $384,621 revolving loan agreement with PIQC as disclosed in the FY2024 990 Schedule L insider transactions. Terms and direction of the loan are unclear.
Christine Twait holds a $149,792 revolving insider loan to PIQC as of FY2024, four years after she co-founded Feeding Our Future while serving as PIQC co-ED. She is described as 'former board member' in FY2022 filings. The continuing financial relationship (insider loan) between PIQC and a key Feeding Our Future founder is a significant network connection.
Christine Twait co-incorporated Feeding Our Future with Bock in November 2016 while both worked at Partners in Nutrition. She later fired Bock from Partners in Nutrition in 2018.
Aaron Twait (current PIQC Board President) and Christine Twait (former PIQC co-ED, FoF co-founder, insider loan holder) share surname — possible family relationship. If confirmed, board control of PIQC's $18.8M in assets rests with a person related to a principal in the competing fraud scheme.
All Findings
5 total
All Findings
5 totalfinancial (5)
FY2024 990 discloses $384,621 insider revolving loan from Christine Twait to Partners in Nutrition
The FY2024 Form 990 Schedule L insider transactions section lists Christine Twait as party to two identical entries: '$384,621 REVOLVING LOAN AGREEMENT' classified as a loan. Christine Twait is co-founder and former Executive Director. The nature (direction, terms, interest rate) of the loan is unclear from 990 data alone.
PIQC FY2024 990 Schedule L: Christine Twait has $384,621 revolving loan with Partners in Nutrition while her apparent husband Aaron Twait serves as Board President
The FY2024 Form 990 Schedule L for Partners in Nutrition (EIN 47-4302258) lists Christine Twait as party to two insider loan transactions of $384,621 each (likely a duplicate entry) described as 'REVOLVING LOAN AGREEMENT'. The direction of the loan — whether Christine Twait is creditor or debtor — is not specified in the structured e-file data. This loan relationship coexists with Aaron Twait (Christine's apparent husband) serving as Board President. PIQC self-reports a conflict of interest policy (YES) but the revolving loan persists.
Christine Twait / PIQC revolving loan: Twait is the LENDER — she loaned $384,621 to PIQC; $149,792 balance outstanding at FY2024 year-end. Board-approved, written agreement, no default. Interest rate undisclosed.
PIQC FY2024 Form 990 Schedule L Part II, column (d) marks 'X' under 'To' (loan to the organization). The balance sheet confirms: $149,792 appears on Line 22 (liabilities — payable to insiders), not Line 5 (receivables from insiders). Christine Twait is the creditor. PIQC is the borrower. Original principal $384,621; balance due $149,792; revolving loan agreement; board-approved; written agreement; not in default. Interest rate not disclosed in Schedule L, Schedule O, or supplemental narrative.
PIQC FY2024 interest expense of $7,692 implies Twait loan carries approximately 2.6%–5.1% interest, but rate is not publicly disclosed
FY2024 Part IX Line 20 shows $7,692 interest expense. PIQC carries two interest-bearing liabilities: the Twait revolving loan ($149,792) and an unsecured note payable to unrelated party ($150,000, Line 24). If interest is split proportionally across both (~$300K total), implied rate is approximately 2.6%. If the full interest is attributable only to the Twait loan: approximately 5.1%. The actual rate is not disclosed. No comparison period provided.
PIQC made no payment on the Christine Twait revolving loan in FY2024 despite $18.7M in liquid assets; balance frozen at $149,792 for two consecutive fiscal years; Aaron Twait (apparent husband, Board President) certified the 990
FY2023 Schedule L Part IV discloses 'PAYMENT OF REVOLVING LOAN AGREEMENT' as a business transaction with Christine Twait (amount blank). FY2024 Part IV has no entry for Christine Twait. The balance due was $149,792 at FY2023 year-end and remains $149,792 at FY2024 year-end — zero movement in two consecutive years. PIQC holds $18.7M in liquid assets (98.5% liquid per prior finding) and made no payments on the Twait loan during FY2024. Aaron Twait (Christine's apparent husband, Board President) signed the FY2024 990 certifying this debt.