Specialty Food Foundation
- Assets
- $150.2k
- Revenue
- $93.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2015
- Data as of
- 12/2020
- EIN
- 47-1358924
Organization Overview
Specialty Food Foundation is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (K40) the organization is classified as: Nutrition, 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. Specialty Food Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Specialty Food Foundation generated $93.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.9%) each year. All expenses for the organization totaled $102.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (25.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Specialty Food Foundation has awarded 47 individual grants totaling $1,820,853. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND SUPPORT TANGIBLE AND LASTING SOLUTIONS TO HUNGER AND FOOD RECOVERY BY AMPLIFYING THE INNOVATION AND PASSION OF THE SPECIALTY FOOD INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WORKS TO REDUCE HUNGER AND INCREASE FOOD RECOVERY EFFORTS VIA EDUCATION AND INDUSTRY EVENTS. THE GOAL OF THESE EVENTS IS TO INFLUENCE THE SPECIALTY FOOD INDUSTRY TO VOLUNTEER TIME AND DONATE PRODUCTS TO HELP LOCAL FOOD RECOVERY AND HUNGER RELIEF ORGANIZATIONS. THE FOUNDATION ALSO WORKS TO ENCOURAGE DONATION OF FOOD FROM EXHIBITORS AT THE WINTER AND SUMMER FANCY FOOD SHOWS. IN 2020, THE SUMMER FANCY FOOD SHOW WAS CANCELLED DUE TO COMPLICATIONS FROM COVID-19. ADDITIONAL PROGRAMS WILL COME IN FUTURE YEARS WITH SOME BEING MORE FOCUSED ON COMMUNITY BUILDING AND OTHERS ON AWARENESS OR EDUCATION. THE FOUNDATION HOPES TO BE A CATALYST TO GET THE SPECIALTY FOOD INDUSTRY INVOLVED IN HUNGER RELIEF AND FOOD RECOVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Renfro Borbolla Chair (thru June 2020) | OfficerTrustee | 0.02 | $0 |
Trish Pohanka Vice Chair (thru June 2020) | OfficerTrustee | 0.02 | $0 |
Lori King Board Fin. Officer (thru June 2020) | OfficerTrustee | 0.02 | $0 |
Matt Neilson Treasurer | OfficerTrustee | 0.02 | $0 |
Nora Weiser Chair | OfficerTrustee | 0.02 | $0 |
William Booker II Board Financial Officer | OfficerTrustee | 0.02 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $33,922 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,285 |
| Noncash contributions included in lines 1a–1f | $59,285 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,207 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $93,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,865 |
| 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 | $777 |
| Fees for services: Accounting | $51 |
| 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 | $557 |
| Information technology | $789 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $33,922 |
| Total functional expenses | $101,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,231 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $150,231 |
| Accounts payable and accrued expenses | $3,196 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $75,000 |
| Total liabilities | $78,196 |
| Net assets without donor restrictions | $72,035 |
| 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 | $150,231 |
Grants Awarded
Over the last fiscal year, Specialty Food Foundation has awarded $65,790 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $59,285 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $6,505 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Specialty Food Foundation has recieved totaling $10,339.
| Awarding Organization | Amount |
|---|---|
Specialty Food Association Inc New York, NY PURPOSE: PROGRAMMATIC SUPPORT | $10,339 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Food Rescue Us Inc Stamford, CT | $1,341,257 | $63,924,618 |
The Food Trust Philadelphia, PA | $3,706,781 | $7,625,866 |
Hunger Solutions New York Inc Albany, NY | $3,802,697 | $6,675,320 |
Provider Resources Inc Methuen, MA | $919,953 | $5,475,576 |
Food Project Inc Lincoln, MA | $4,028,637 | $3,962,744 |
About Fresh Inc Boston, MA | $2,948,132 | $3,593,501 |
Providers Nutrition Network Inc Newington, CT | $300,937 | $2,210,491 |
Staten Island Communituy Services Friendship Clubs Inc Staten Island, NY | $314,878 | $2,179,028 |
First Step To Nutrition Inc Wellsboro, PA | $340,254 | $1,795,985 |
Nutrition For The Elderly In Tompki Ns County Inc Ithaca, NY | $1,047,931 | $1,713,789 |
Farm To Table Buy Local Pittsburgh, PA | $98,669 | $1,059,560 |
City Seed Inc New Haven, CT | $381,343 | $945,216 |