Fair Food Fund
- Assets
- $3.1m
- Revenue
- $879.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-1555654
Organization Overview
Fair Food Fund is located in Ann Arbor, MI. The organization was established in 2014. According to its NTEE Classification (K12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fair Food Fund is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Fair Food Fund generated $879.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.3% each year . All expenses for the organization totaled $10.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A MORE SUSTAINABLE FOOD SYSTEM BY MAKING INVESTMENTS IN FOOD ENTERPRISES THAT ADVANCE HEALTHY FOOD ACCESS, JOB CREATION, FAMILY FARM VIABILITY, AND GREATER RACIAL AND SOCIAL EQUITY, AND DO NOT HAVE SUFFICIENT ACCESS TO TRADITIONAL FINANCING SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIR FOOD FUND IS AN IMPACT CAPITAL FUND FROM FAIR FOOD NETWORK THAT FUELS ENTREPRENEURSHIP IN THE FOOD SYSTEM BY USING PROJECT-RELATED INVESTMENT (PRI) FUNDS TO MAKE LOANS TO AND EQUITY INVESTMENTS IN BUSINESSES THAT CONNECT FARMERS WITH DEMAND FOR LOCAL, SUSTAINABLY GROWN FOOD. THE PROGRAM CURRENTLY ENCOMPASSES SIX EQUITY INVESTMENTS AND FIFTEEN LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oran Hesterman Presidentceo | OfficerTrustee | 10 | $0 |
Kate Krauss Exec Dir & COO | OfficerTrustee | 0 | $0 |
Dan Warmels Treasurer | OfficerTrustee | 0 | $0 |
Gary Appel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,676 |
| Investment income | $861,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $879,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $369,457 |
| Pledges and grants receivable | $64,402 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,681,052 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,114,911 |
| Accounts payable and accrued expenses | $1,521 |
| Grants payable | $0 |
| Deferred revenue | $35,602 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,737,558 |
| Total liabilities | $1,774,681 |
| Net assets without donor restrictions | $1,340,230 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,114,911 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ashland County Junior Fair Sale And Market Committee Ashland, OH | $49,504 | $997,396 |
Paulding County Area Fdtn-Marshall Memorial Supporting Fdtn Paulding, OH | $4,606,304 | $353,889 |
Izzo Legacy East Lansing, MI | $476,296 | $540,661 |
Buckets For Hunger Inc Oregon, WI | $18,449 | $113,143 |
Hunger Ball Of Sheboygan County Inc Sheboygan, WI | $0 | $0 |
Families-In-Transition Support Network Wisconsin Dells, WI | $54,082 | $0 |
Cassanos Cares Foundation Dayton, OH | $53,666 | $0 |
Harvest In The Gardens Inc Sun Prairie, WI | $2,566 | $38,316 |
Feed Our Rural Kids Inc Eagle River, WI | $510,413 | $191,777 |
Pointer Pantry Mineral Point, WI | $12,089 | $0 |
Taso Foundation Inc Sun Prairie, WI | $5,224 | $32,157 |
Wood County Clover Legacy Foundation Bowling Green, OH | $184,755 | $0 |