Civic Intelligence

Foodchain Inc

990 • Fiscal year 2019 • EIN 45-4088193

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 31, 2020

501 W Sixth StLexington, KY 40508

(859) 428-8380

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$40,000

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

81st percentile

26%

Faster asset growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

47%

Faster revenue growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$759,916

Up $156,561 (+26%) from 2018

Net Assets

Up

$756,914

Up $155,365 (+26%) from 2018

Liabilities

Up

$3,002

Up $1,196 (+66%) from 2018

Revenue

Up

$487,174

Up $155,168 (+47%) from 2018

Expenses

Up

$331,808

Up $7,836 (+2.4%) from 2018

Net Income

Up

$155,366

Up $147,332 (+1834%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2012: $0Liabilities 2012: $55,5602012Assets 2013: $40,314Liabilities 2013: $2,9912013Assets 2014: $47,735Liabilities 2014: $8252014Assets 2015: $47,965Liabilities 2015: $1,1862015Assets 2016: $470,470Liabilities 2016: $711Net Assets 2016: $469,7592016Assets 2017: $594,120Liabilities 2017: $2,090Net Assets 2017: $592,0302017Assets 2018: $603,355Liabilities 2018: $1,806Net Assets 2018: $601,5492018Assets 2019: $759,916Liabilities 2019: $3,002Net Assets 2019: $756,9142019Assets 2020: $960,370Liabilities 2020: $10,855Net Assets 2020: $949,5152020Assets 2021: $1,028,953Liabilities 2021: $8,414Net Assets 2021: $1,020,5392021Assets 2022: $1,082,898Liabilities 2022: $7,296Net Assets 2022: $1,075,6022022Assets 2023: $875,797Liabilities 2023: $0Net Assets 2023: $875,7972023Assets 2024: $1,180,645Liabilities 2024: $20,623Net Assets 2024: $1,160,0222024

Highlighted filing

2019

Assets$759,916
Liabilities$3,002
Net Assets$756,914

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $66,378Expenses 2012: $10,818Net Income 2012: $55,5602012Revenue 2013: $104,191Expenses 2013: $122,428Net Income 2013: -$18,2372013Revenue 2014: $74,228Expenses 2014: $64,913Net Income 2014: $9,3152014Revenue 2015: $63,086Expenses 2015: $63,217Net Income 2015: -$1312015Revenue 2016: $487,414Expenses 2016: $150,869Net Income 2016: $336,5452016Revenue 2017: $450,378Expenses 2017: $328,106Net Income 2017: $122,2722017Revenue 2018: $332,006Expenses 2018: $323,972Net Income 2018: $8,0342018Revenue 2019: $487,174Expenses 2019: $331,808Net Income 2019: $155,3662019Revenue 2020: $1,277,355Expenses 2020: $1,084,754Net Income 2020: $192,6012020Revenue 2021: $1,214,040Expenses 2021: $1,143,016Net Income 2021: $71,0242021Revenue 2022: $1,197,009Expenses 2022: $1,141,496Net Income 2022: $55,5132022Revenue 2023: $1,350,435Expenses 2023: $1,550,239Net Income 2023: -$199,8042023Revenue 2024: $2,126,685Expenses 2024: $1,842,461Net Income 2024: $284,2242024

Highlighted filing

2019

Revenue$487,174
Expenses$331,808
Net Income$155,366
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 31, 2020
Return Version
2019v5.1
Gross Receipts
$497,457
Mission and Program Overview

Mission

Provide education and demonstration for new food system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$272,585$405,824▲ $133,239
Land, Buildings, and Equipment, Net$326,334$337,362▲ $11,028
Accounts Receivable$4,436$16,730▲ $12,294
Total Assets$603,355$759,916▲ $156,561
Liabilities
Other Liabilities$1,806$3,002▲ $1,196
Total Liabilities$1,806$3,002▲ $1,196
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$601,549$756,914▲ $155,365
Total Net Assets Fund Balance$601,549$756,914▲ $155,365
Total Liabilities and Net Assets / Fund Balance$603,355$759,916▲ $156,561

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$144,141$127,336-
Leasehold Improvements$193,221$36,105-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rebecca SelfExecutive DirectorFT$40,000$40,000

Board Members and Trustees

NameTitle
Vanessa CaysonBoard Chair
Andrew DierufBoard Member
Janelle HagerBoard Member
John CaldwellBoard Member
Jonathon NunleyBoard Member
Ouita MichelBoard Member
Shawn BladesBoard Member
Shawn BurnsBoard Member
Ryan FosterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$366,342
Program Service Revenue
$9,642
Investment Income
$285
Other Revenue
$110,905
All Other Contributions
$366,342
Change in Net Assets
$155,366
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$226,028
Other Expenses$105,780
Total Fundraising Expense$20,511
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$133,517$13,883$19,800$167,200
Depreciation Depletion$54,135$0$0$54,135
Current Officers, Directors, Trustees, and Key Employees$30,000$10,000$0$40,000
All Other Expenses$21,754$3,938$711$26,403
Payroll Taxes$85$18,743$0$18,828
Occupancy$1,499$11,073$0$12,572
Insurance$0$4,216$0$4,216
Fees for Services Accounting$0$2,461$0$2,461
Office Expenses$0$1,285$0$1,285
Other Expenses$0$1,266$0$1,266
Travel$162$19$0$181
Total Functional Expenses$243,253$68,044$20,511$331,808
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Faith Feeds of Kentucky Incdba Glean KYLexington, KY-food for feeding programs$9,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$71,934
Fundraising Direct Expenses$9,120
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Feast$71,934$71,934$9,120$62,814
Total Events$71,934$71,934$9,120$62,814
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$1,672
Other Liabilities$1,330
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
FoodChain
EIN
45-4088193
Phone
8594288380
Address
501 W Sixth St, Lexington, KY 40508

Signing Officer

Name
Rebecca Self
Title
Executive Director
Phone
8594288380
Signed
2020-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Self
Formed
2011
Legal Domicile
Ky
Voting Board Members
9
Independent Board Members
9
Employees
19
Volunteers
75

Preparer

Firm
The Livesay Group Pllc
Address
185 Pasadena Drive Suite 255, LEXINGTON, KY 40503
Preparer
Bobby Livesay
Phone
8592961913
Supplemental Narrative

Additional Explanations

Pt VI, Line 19

No other documents are made available to the public

Pt VI, Line 11B

The Board has reviewed the 990 prior to filing.

Pt XI

Line 8 - Rounding

Other

Part III, Line 1: FoodChain is located in the heart of an urban food desert, which constitutes a low-income census tract that is further than 1 mile from a grocery store, where residents struggle with both access to nutritious, wholesome ingredients as well as the food literacy that accompanies a diet high in these components. As a consequence, FoodChain aims to forge links between our community residents and fresh food with education and demonstration of ways in which fresh food can be grown, acquired, and/or prepared in order to improve the long-term health outcomes of this high-risk population, encouraging a more robust local food economy, and resulting in a more resilient community. Our model, which we believe is replicable in communities around the country, combines unique operations, including an indoor aquaponics farm and a teaching and processing kitchen.

Other

Part III, Line 4a: Many of FoodChain's neighbors rely on dollar stores & convenience marts for their weekly shopping, with limited funds and transportation available to get to higher quality stores with a greater abundance of nutritious whole ingredients. Furthermore, with the reliance on SNAP dollars and other federal food benefit programs, the community has become increasingly dependent on highly-processed, shelf-stable "junk" food for their daily meals, resulting in generational diet-related illnesses, including heart disease, diabetes, and more. While this hunger-obesity paradox is in part a result of limited food access, it has been exacerbated by a decline in food literacy, where families no longer have the knowledge, equipment, and familiarity to prepare meals from fresh ingredients. FoodChain aims to address this deficiency by offering educational programs to teach cooking skills, exposing families to a wider array of cuisines and flavor profiles, inspiring more adventurous eating and kitchen confidence. Overtime, this food fluency program will cultivate more self-sufficient households, as food independence leads to greater welfare and economic sustainability of a community.

Other

Part III, Line 4b: In many urban communities like our own, there are both high rates of unemployment and also unfilled jobs in the local food economy. Therefore, FoodChain aims to bridge these gaps by informing residents about job prospects, training them with the necessary knowledge for working in kitchens and food facilities, and even encouraging them to embark on enterprises of their own, by growing or founding food businesses to fill the voids in the marketplace. To do this most effectively, we've solidified dozens of partnerships with other entities, ranging from social service providers who help refer clients to our services and identify needs, all the way to celebrated chefs and elected officials who understand the need for a more confident, prepared, and enabled workforce. Because of these rich partnerships, we were well-prepared at the onset of Covid-19 in 2020 to pivot our operations to link together these same resources in a way to best ensure food insecure communities had access to freshly-made, wholesome meals.

Other

Part III, Line 4c: While one answer to the limited access of our fresh food is to increase its availability through retail, FoodChain believes it is even more empowering to start at food production. Therefore, we operate our indoor, state-of-the-art aquaponics system, growing fish and greens year round in a recirculating system that reduces waste and conserves resources, while also generating thousands of pounds of food that can be used for revenue generation and nutritional access. By running our farm as a demonstration facility, hosting tours and workshops for thousands, we work to get individuals more involved in growing wholesome food, understanding where food comes from, and how these techniques could be replicated elsewhere to increase agricultural productivity while subsequently making fresh food available year-round for all.

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IRS990/OtherSalariesAndWagesGrp/TotalAmt0167200
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018743
IRS990/PayrollTaxesGrp/ProgramServicesAmt085
IRS990/PayrollTaxesGrp/TotalAmt018828
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Rebecca Self
IRS990/PriorPeriodAdjustmentsAmt0-1
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0111419
IRS990/ProgramServiceRevenueGrp/BusinessCd1111419
IRS990/ProgramServiceRevenueGrp/Desc0Tours
IRS990/ProgramServiceRevenueGrp/Desc1Workshops
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08581
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11061
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0See Schedule O
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt060957
IRS990/ProgSrvcAccomActy2Grp/GrantAmt033706
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt034831
IRS990/ProgSrvcAccomActy3Grp/Desc0See Schedule O
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt042255
IRS990/ProgSrvcAccomActy3Grp/GrantAmt061956
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt092840
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0269240
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt010130
IRS990/PYInvestmentIncomeAmt0185
IRS990/PYOtherExpensesAmt0130417
IRS990/PYOtherRevenueAmt051433
IRS990/PYProgramServiceRevenueAmt011148
IRS990/PYRevenuesLessExpensesAmt08034
IRS990/PYSalariesCompEmpBnftPaidAmt0183425
IRS990/PYTotalExpensesAmt0323972
IRS990/PYTotalRevenueAmt0332006
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0155366
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0104938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0366342
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0269240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0404879
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0447221
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt035265
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01522947
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0285
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0185
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0221
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0691
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.55640
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.65260
IRS990ScheduleA/PublicSupportTotal170Amt0847714
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0675233
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0366342
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0269240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0404879
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0447221
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt035265
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01522947
IRS990ScheduleA/TotalSupportAmt01523638
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0144141
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0127336
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0271477
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0193221
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt036105
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0229326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01672
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11330
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Card Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other Liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0337362
IRS990ScheduleD/TotalLiabilityAmt03002
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09120
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FEAST
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt071934
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt071934
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt071934
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt071934
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt062814
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09120
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09120
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt09000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0food for feeding programs
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Faith Feeds of Kentucky Incdba Glean KY
IRS990ScheduleI/RecipientTable/RecipientEIN0274087963
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0501 W 6th St Ste 250
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Lexington
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd040508
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FoodChain and GleanKY work so closely together that monitoring the use of the grant funds is a normal part of the business process between the two organizations.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No other documents are made available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board has reviewed the 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Line 8 - Rounding
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Part III, Line 1: FoodChain is located in the heart of an urban food desert, which constitutes a low-income census tract that is further than 1 mile from a grocery store, where residents struggle with both access to nutritious, wholesome ingredients as well as the food literacy that accompanies a diet high in these components. As a consequence, FoodChain aims to forge links between our community residents and fresh food with education and demonstration of ways in which fresh food can be grown, acquired, and/or prepared in order to improve the long-term health outcomes of this high-risk population, encouraging a more robust local food economy, and resulting in a more resilient community. Our model, which we believe is replicable in communities around the country, combines unique operations, including an indoor aquaponics farm and a teaching and processing kitchen.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Part III, Line 4a: Many of FoodChain's neighbors rely on dollar stores & convenience marts for their weekly shopping, with limited funds and transportation available to get to higher quality stores with a greater abundance of nutritious whole ingredients. Furthermore, with the reliance on SNAP dollars and other federal food benefit programs, the community has become increasingly dependent on highly-processed, shelf-stable "junk" food for their daily meals, resulting in generational diet-related illnesses, including heart disease, diabetes, and more. While this hunger-obesity paradox is in part a result of limited food access, it has been exacerbated by a decline in food literacy, where families no longer have the knowledge, equipment, and familiarity to prepare meals from fresh ingredients. FoodChain aims to address this deficiency by offering educational programs to teach cooking skills, exposing families to a wider array of cuisines and flavor profiles, inspiring more adventurous eating and kitchen confidence. Overtime, this food fluency program will cultivate more self-sufficient households, as food independence leads to greater welfare and economic sustainability of a community.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Part III, Line 4b: In many urban communities like our own, there are both high rates of unemployment and also unfilled jobs in the local food economy. Therefore, FoodChain aims to bridge these gaps by informing residents about job prospects, training them with the necessary knowledge for working in kitchens and food facilities, and even encouraging them to embark on enterprises of their own, by growing or founding food businesses to fill the voids in the marketplace. To do this most effectively, we've solidified dozens of partnerships with other entities, ranging from social service providers who help refer clients to our services and identify needs, all the way to celebrated chefs and elected officials who understand the need for a more confident, prepared, and enabled workforce. Because of these rich partnerships, we were well-prepared at the onset of Covid-19 in 2020 to pivot our operations to link together these same resources in a way to best ensure food insecure communities had access to freshly-made, wholesome meals.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Part III, Line 4c: While one answer to the limited access of our fresh food is to increase its availability through retail, FoodChain believes it is even more empowering to start at food production. Therefore, we operate our indoor, state-of-the-art aquaponics system, growing fish and greens year round in a recirculating system that reduces waste and conserves resources, while also generating thousands of pounds of food that can be used for revenue generation and nutritional access. By running our farm as a demonstration facility, hosting tours and workshops for thousands, we work to get individuals more involved in growing wholesome food, understanding where food comes from, and how these techniques could be replicated elsewhere to increase agricultural productivity while subsequently making fresh food available year-round for all.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0603355
IRS990/TotalAssetsEOYAmt0759916
IRS990/TotalAssetsGrp/BOYAmt0603355
IRS990/TotalAssetsGrp/EOYAmt0759916
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0366342
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt020511
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068044

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.02$1.16$2.13$1.84$0.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.00$0.88$1.35$1.55$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.01$1.08$1.20$1.14$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.01$1.02$1.21$1.14$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.01$0.95$1.28$1.08$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.49$0.33$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.00$0.60$0.33$0.32$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.00$0.59$0.45$0.33$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.00$0.47$0.49$0.15$0.34
2015Summary only. Only limited summary data is available for this year.$0.05$0.00$0.06$0.06$0.00
2014Summary only. Only limited summary data is available for this year.$0.05$0.00$0.07$0.06$0.01
2013Summary only. Only limited summary data is available for this year.$0.04$0.00$0.10$0.12$0.02
2012Summary only. Only limited summary data is available for this year.$0.00$0.06$0.07$0.01$0.06