Food System 6 Accelerator Inc
- Assets
- $397.5k
- Revenue
- $347.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Redwood City, CA
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 81-1251197
Organization Overview
Food System 6 Accelerator Inc is located in Redwood City, CA. The organization was established in 2017. According to its NTEE Classification (K19) the organization is classified as: Support N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Food System 6 Accelerator Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food System 6 Accelerator Inc 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 12/2021, Food System 6 Accelerator Inc generated $347.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $617.5k 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
MISSIONFOOD SYSTEM 6 (FS6) IS A NON-PROFIT BASED IN THE SAN FRANCISCO BAY AREA WHOSE MISSION IS TO SUPPORT IMPACT DRIVEN ENTREPRENEURS AS THEY TRANSFORM HOW WE GROW, PRODUCE, AND DISTRIBUTE FOOD. THE ORGANIZATION RUNS A COMPREHENSIVE ACCELERATOR PROGRAM THAT MENTORS ENTREPRENEURS BY COACHING THEM THROUGH A WIDE RANGE OF BUSINESS AND ORGANIZATIONAL NEEDS. FS6 ALSO WORKS TO EDUCATE STAKEHOLDERS ON THE UNIQUE CAPITAL NEEDS AS RELATED TO REDEFINING THE FOOD SYSTEM.THE FS6 PROGRAM PRIORITIZES WORKING WITH ENTREPRENEURS WHO ARE BUILDING A FOOD SYSTEM THAT FOCUSES ON HEALTH, SUSTAINABILITY, AND JUSTICE - WHETHER THROUGH FOOD-TECH, SUPPLY CHAIN, OR ACCESS-FOCUSED SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FS6 PROGRAM FOR COHORT 6 WAS SUCCESSFULLY COLLABORATED WITH HUHTAMAKI:SUSTAINABLE FOOD PACKAGING SOLUTIONS TO RUN THE "CIRCULAR ECONOMY" ACCELERATOR PROGRAM. THE PROGRAM PURPOSE WAS TO SUPPORT THE DEVELOPMENT OF YOUNG AND PROMISING COMPANIES REDUCING WASTE BY DESIGNING CIRCULAR SOLUTIONS THAT ENSURE A BETTER AND MORE SUSTAINABLE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caesare Assadfinal 2021 CEO | OfficerTrustee | 40 | $160,000 |
Peter Ahern COO | Officer | 40 | $90,865 |
Renske Lynde President | OfficerTrustee | 2 | $0 |
Peter Herz Secretary | OfficerTrustee | 2 | $0 |
Isabelle Francois Director | Trustee | 2 | $0 |
Allison Hagey Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $281,392 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,892 |
| Total Program Service Revenue | $3,599 |
| Investment income | $44 |
| 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 | $347,535 |
| 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. | $250,865 |
| Compensation of current officers, directors, key employees. | $61,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,949 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,490 |
| Payroll taxes | $33,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,016 |
| Fees for services: Accounting | $5,161 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,378 |
| Advertising and promotion | $8,950 |
| Office expenses | $4,606 |
| Information technology | $4,625 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,066 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,406 |
| Interest | $69 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $832 |
| Insurance | $2,508 |
| All other expenses | $7,559 |
| Total functional expenses | $617,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,721 |
| Savings and temporary cash investments | $216,473 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,920 |
| 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 | $3,336 |
| Net Land, buildings, and equipment | $21,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,126 |
| Total assets | $397,517 |
| Accounts payable and accrued expenses | $31,705 |
| 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 | $67,896 |
| Total liabilities | $99,601 |
| Net assets without donor restrictions | $297,916 |
| 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 | $397,517 |
Grants Awarded
Over the last fiscal year, Food System 6 Accelerator Inc has awarded $275,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NAFICI ENVIRONMENTAL RESEARCH | | | $100,000 |
CAPAY VALLEY FARM SHOP | | | $75,000 |
ANDES AG INC | | | $50,000 |
SOLUBLUE LTD | | | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Food System 6 Accelerator Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Seeding The Future Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Waste Not Inc Scottsdale, AZ | $1,345,358 | $7,223,049 |
Factory Farming Awareness Coalition Sacramento, CA | $1,151,232 | $1,197,314 |
California Foundation For Agriculture In The Classroom Sacramento, CA | $2,437,914 | $959,430 |
Food System 6 Accelerator Inc Redwood City, CA | $397,517 | $347,535 |
Iwfs Americas Inc San Marino, CA | $2,043,389 | $403,800 |
Arizona Cattle Industry Research And Educational Foundation Mesa, AZ | $3,819,717 | $254,307 |
Black Phoenix Organizing Collective Phoenix, AZ | $600,794 | $657,412 |
Butte County Local Food Network Chico, CA | $118,212 | $248,891 |
Modoc Heritage Foundation Cedarville, CA | $54,911 | $0 |
California Guild Danville, CA | $164,684 | $0 |
Tierra S Angels Culver City, CA | $54,538 | $0 |
Friends Of San Bernardino County Fair Association Inc Hesperia, CA | $0 | -$28,677 |