Street Food Institute
- Assets
- $159.4k
- Revenue
- $607.8k
- Investments
- $0.0
- Employees
- 36
- Location
- Albuquerque, NM
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-3560360
Organization Overview
Street Food Institute is located in Albuquerque, NM. The organization was established in 2017. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2022, Street Food Institute employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Street Food Institute 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, Street Food Institute generated $607.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $557.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 4 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION AND SUPPORT TO INDIVIDUALS STARTING SMALL, LOCAL FOOD BUSINESSES, AS WELL AS WORKFORCE TRAINING IN THE CULINARY FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR TARGET POPULATION ARE MINORITIES HISPANIC, AFRICAN AMERICAN, AND NATIVE AMERICAN WHO ARE LIVING AT OR BELOW THE POVERTY LEVEL AND LIVE IN THE BERNALILLO COUNTY AREA, WITH A FOCUS ON ALBUQUERQUE'S SOUTH VALLEY. APPROXIMATELY 45 OF OUR OPERATING FUNDS ARE FROM FOOD SALES AND CATERING. OUR PROGRAM INCLUDES COURSES IN FOOD SAFETY, CULINARY FUNDAMENTALS, AND ENTREPRENEURSHIP, AS WELL AS A 135-HOUR PAID INTERNSHIP. WE BELIEVE THIS TYPE OF EDUCATION AND APPRENTICESHIP FOR INDIVIDUALS IN OUR TARGET POPULATION WILL ALLOW INDIVIDUALS TO BE PREPARED TO START THEIR OWN FOOD-RELATED BUSINESS OR ENTER THE FOOD INDUSTRY WORKFORCE AT A HIGHER PAY AND RESPONSIBILITY LEVEL.
OUR TARGET POPULATION ARE MINORITIES HISPANIC, AFRICAN AMERICAN, AND NATIVE AMERICAN WHO ARE LIVING AT OR BELOW THE POVERTY LEVEL AND LIVE IN THE BERNALILLO COUNTY AREA, WITH A FOCUS ON ALBUQUERQUE'S SOUTH VALLEY. APPROXIMATELY 45 OF OUR OPERATING FUNDS ARE FROM FOOD SALES AND CATERING. OUR PROGRAM INCLUDES COURSES IN FOOD SAFETY, CULINARY FUNDAMENTALS, AND ENTREPRENEURSHIP, AS WELL AS A 135-HOUR PAID INTERNSHIP. WE BELIEVE THIS TYPE OF EDUCATION AND APPRENTICESHIP FOR INDIVIDUALS IN OUR TARGET POPULATION WILL ALLOW INDIVIDUALS TO BE PREPARED TO START THEIR OWN FOOD-RELATED BUSINESS OR ENTER THE FOOD INDUSTRY WORKFORCE AT A HIGHER PAY AND RESPONSIBILITY LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aly Sanchez Director | Trustee | 2 | $0 |
Samantha Luna Treasurer | Trustee | 1 | $0 |
Antionette Tellez-Humble Director | Trustee | 1 | $0 |
Keegan King Director | Trustee | 2 | $0 |
Elizabeth Bibiano Director | Trustee | 1 | $0 |
Wendy Forbes Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $283,259 |
| Noncash contributions included in lines 1a–1f | $65,237 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,277 |
| Total Program Service Revenue | $4,400 |
| 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 | $317,115 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $607,792 |
| 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 | $333,394 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,757 |
| Payroll taxes | $27,769 |
| 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 | $39,833 |
| Advertising and promotion | $0 |
| Office expenses | $22,402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,090 |
| 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 | $28,977 |
| Insurance | $9,600 |
| All other expenses | $0 |
| Total functional expenses | $557,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,447 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,790 |
| Prepaid expenses and deferred charges | $5,133 |
| Net Land, buildings, and equipment | $60,419 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $159,415 |
| Accounts payable and accrued expenses | $24,414 |
| 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 | $60,418 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $84,832 |
| Net assets without donor restrictions | -$417 |
| Net assets with donor restrictions | $75,000 |
| 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 | $159,415 |