Thought For Food Foundation
- Assets
- $236.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-4017748
Organization Overview
Thought For Food Foundation is located in Birmingham, AL. The organization was established in 2016. According to its NTEE Classification (K01) the organization is classified as: Alliances & Advocacy, 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. Thought For 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 12/2022, Thought For Food Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THOUGHT FOR FOOD SUMMIT BRINGS TOGETHER CHANGE MAKERS ACROSS SECTORS TO BUILD POWERFUL CONNECTIONS AND CO-CREATE BOLD NEW SOLUTIONS FOR THE FUTURE OF FOOD SECURITY. THE CULMINATING EVENT OF THE ANNUAL SUMMIT IS THE THOUGHT FOR FOOD CHALLENGE, A GLOBAL COLLABORATIVE COMPETITION TO LAUNCH PROMISING NEW IDEAS THAT ADDRESS HOW WE WILL FEED AND NOURISH OUR GROWING GLOBAL POPULATION.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ovp Bv | 12/30/21 | $204,680 |
Oxford Finance Solutions | 12/30/21 | $59,262 |
Maido | 12/30/21 | $100,219 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,121,562 |
| Interest on Savings | $8 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,680 |
| Total Revenue | $1,160,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $166,611 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $44,651 |
| Printing and publications | $0 |
| Other expenses | $769,559 |
| Total operating and administrative expenses | $1,025,739 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $1,030,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,387 |
| Savings and temporary cash investments | $5,311 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $236,698 |
| Accounts payable and accrued expenses | $18,572 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,572 |
Grants Awarded
Over the last fiscal year, Thought For Food Foundation has awarded $23,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PACHARA TRIPOBNART PURPOSE: AGRICULTURE INNOVATION AWARD | $5,000 |
LEE TING AN PURPOSE: AGRICULTURE INNOVATION AWARD | $500 |
BMTA&C PURPOSE: AGRICULTURE INNOVATION AWARD | $10,000 |
I A Z AGRO LOCACAO DE INFORMACOES PURPOSE: AGRICULTURE INNOVATION AWARD | $7,500 |