Civic Intelligence

Fair Food Fund

990 • Fiscal year 2017 • EIN 46-1555654

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 08, 2018

1250 North Main Street No NorthAnn Arbor, MI 48104

(734) 213-3999

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.84x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

5.39x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Net Margin

98th percentile

88%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

96th percentile

$291,007

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 71.0% of source-year revenue.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Asset Growth

92nd percentile

39%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

88%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,628,473

Up $737,244 (+39%) from 2016

Net Assets

Up

$418,990

Up $377,408 (+908%) from 2016

Liabilities

Up

$2,209,483

Up $359,836 (+19%) from 2016

Revenue

Up

$410,003

Up $192,344 (+88%) from 2016

Expenses

Down

$49,512

Down $213,057 (-81%) from 2016

Net Income

Up

$360,491

Up $405,401 (+903%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $902,207Liabilities 2013: $900,000Net Assets 2013: $2,2072013Assets 2014: $1,710,884Liabilities 2014: $1,700,000Net Assets 2014: $10,8842014Assets 2015: $1,942,219Liabilities 2015: $1,866,667Net Assets 2015: $75,5522015Assets 2016: $1,891,229Liabilities 2016: $1,849,647Net Assets 2016: $41,5822016Assets 2017: $2,628,473Liabilities 2017: $2,209,483Net Assets 2017: $418,9902017Assets 2018: $3,042,519Liabilities 2018: $2,549,366Net Assets 2018: $493,1532018Assets 2019: $3,174,375Liabilities 2019: $2,792,218Net Assets 2019: $382,1572019Assets 2020: $2,762,083Liabilities 2020: $2,298,883Net Assets 2020: $463,2002020Assets 2022: $4,583,152Liabilities 2022: $3,155,991Net Assets 2022: $1,427,1612022Assets 2024: $4,492,463Liabilities 2024: $3,345,970Net Assets 2024: $1,146,4932024

Highlighted filing

2017

Assets$2,628,473
Liabilities$2,209,483
Net Assets$418,990

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $2,207Expenses 2013: $0Net Income 2013: $2,2072013Revenue 2014: $10,965Expenses 2014: $2,288Net Income 2014: $8,6772014Revenue 2015: $78,190Expenses 2015: $26,034Net Income 2015: $52,1562015Revenue 2016: $217,659Expenses 2016: $262,569Net Income 2016: -$44,9102016Revenue 2017: $410,003Expenses 2017: $49,512Net Income 2017: $360,4912017Revenue 2018: $106,570Expenses 2018: $33,676Net Income 2018: $72,8942018Revenue 2019: $66,635Expenses 2019: $31,390Net Income 2019: $35,2452019Revenue 2020: $28,128Expenses 2020: $19,657Net Income 2020: $8,4712020Revenue 2022: $120,680Expenses 2022: $34,050Net Income 2022: $86,6302022Revenue 2024: $108,436Expenses 2024: $183,277Net Income 2024: -$74,8412024

Highlighted filing

2017

Revenue$410,003
Expenses$49,512
Net Income$360,491
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 8, 2018
Return Version
2017v2.3
Gross Receipts
$545,003
Mission and Program Overview

Mission

To support the financial viability of small and medium-sized, sustainable farms by developing a market infrastructure that will improve access to the fresh and healthy food produced by small and medium-sized, sustainable farms.

To fuel entrepreneurship in the food system by using project related investment funds to make loans to businesses that connect farmers with demand for local, sustainably grown food.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,631,529$2,302,588▲ $671,059
Savings and Temporary Cash Investments$255,671$319,656▲ $63,985
Pledges and Grants Receivable$4,029$6,229▲ $2,200
Total Assets$1,891,229$2,628,473▲ $737,244
Liabilities
Other Liabilities$1,849,647$2,209,378▲ $359,731
Accounts Payable and Accrued Expenses-$105-
Total Liabilities$1,849,647$2,209,483▲ $359,836
Net Assets / Fund Balance
Unrestricted Net Assets$41,582$418,990▲ $377,408
Total Net Assets Fund Balance$41,582$418,990▲ $377,408
Total Liabilities and Net Assets / Fund Balance$1,891,229$2,628,473▲ $737,244

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,344,290--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniel WarmelsDirector
James Ella JamesDirector
Oran HestermanExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$379,843
Program Service Revenue
$14,432
Investment Income
$-83,306
Other Revenue
$99,034
All Other Contributions
$379,843
Change in Net Assets
$360,491

Audited Revenue Reconciliation

Revenue per Audited Statements
$406,086
Revenue Not Reported on Financial Statements
$3,917
Revenue Not Reported on Form 990
$8,231,794
Other Revenue Adjustments
$3,917
Total Revenue per Audited Statements
$8,637,880
Total Revenue per Form 990
$410,003
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$49,512
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$20,333--$20,333
Interest$8,333--$8,333
Office Expenses-$12-$12
Total Functional Expenses$49,500$12$0$49,512

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,953,974
Expenses Not Reported on Form 990$5,925,296
Total Expenses per Form 990$49,512
Expenses per Audited Statements$28,678
Expenses Not Reported on Financial Statements$20,834
Other Expense Adjustments$20,834
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Affiliate Payable$2,209,378
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed and approved by the board prior to submission.

Form 990, Part VI, Section B, Line 12C

Interested persons annually sign a statement identifying any potential conflicts of interest.

Form 990, Part VI, Section B, Line 15A

The board treasurer reviews salary analyses of like positions in philanthropy and the nonprofit sector, reviews salary history of president, and a resolution is created and voted on by the full board during a regular meeting, stipulating compensation for president.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Fair Food Fund
EIN
46-1555654
Phone
7342133999
Address
1250 NORTH MAIN STREET NO NORTH, ANN ARBOR, MI 48104

Signing Officer

Name
Oran B Hesterman
Title
CEO
Phone
7342133999
Signed
2018-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Oran B Hesterman
Formed
2012
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Warmels & Comstock Pllc
Address
3505 COOLIDGE ROAD, EAST LANSING, MI 48823
Preparer
Daniel J Warmelscpaabv
Phone
5173515508
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Book/tax difference - fresh source 4,373. Book/tax difference - new york dist 12,342. Book/tax difference - undine marine 202.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Consolidated report 8,231,794.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

K-1 fresh source capital fund 16,461. K-1 new york distilling company -12,342. K-1 undine marine -202.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Consolidated financials 5,925,296.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

K-1 fresh source capital fund 20,834.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ORAN HESTERMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0291007
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED AND APPROVED BY THE BOARD PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INTERESTED PERSONS ANNUALLY SIGN A STATEMENT IDENTIFYING ANY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD TREASURER REVIEWS SALARY ANALYSES OF LIKE POSITIONS IN PHILANTHROPY AND THE NONPROFIT SECTOR, REVIEWS SALARY HISTORY OF PRESIDENT, AND A RESOLUTION IS CREATED AND VOTED ON BY THE FULL BOARD DURING A REGULAR MEETING, STIPULATING COMPENSATION FOR PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK/TAX DIFFERENCE - FRESH SOURCE 4,373. BOOK/TAX DIFFERENCE - NEW YORK DIST 12,342. BOOK/TAX DIFFERENCE - UNDINE MARINE 202.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FAIR FOOD NETWORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0264143394
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO CREATE A FOOD SYSTEM THAT UPHOLDS THE FUNDAMENTAL RIGHT TO HEALTHY FOOD.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01250 NORTH MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ANN ARBOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048104
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0739574
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1379843
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FAIR FOOD NETWORK
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1FAIR FOOD NETWORK
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/AllPartnersC3SInd00
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/AllPartnersC3SInd10
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/BusinessName/BusinessNameLine1Txt0FRESH SOURCE CAPITAL FUND I LP
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/BusinessName/BusinessNameLine1Txt1NEW YORK DISTILLING COMPANY LLC
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/EIN0300811040
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/EIN1264339425
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd10
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/OwnershipPct00.09380
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/OwnershipPct10.03100
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PredominateIncomeDesc0INTEREST (RELATED)
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PredominateIncomeDesc1ORDINARY BUSINESS INCOME (RELATED)
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0INVESTMENTS IN FOOD-RELATED ENTITIES TO SUPPORT FAIR FOOD FUND'S MISSION
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1INVESTMENTS IN FOOD-RELATED ENTITIES TO SUPPORT FAIR FOOD FUND'S MISSION
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt016461
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt1-12342
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0250 MAIN ST BOX 425908
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1405 LEONARD STREET
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/CityNm0CAMBRIDGE
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/CityNm1BROOKLYN
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/ZIPCd002142
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/ZIPCd111222
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01891229
IRS990/TotalAssetsEOYAmt02628473
IRS990/TotalAssetsGrp/BOYAmt01891229
IRS990/TotalAssetsGrp/EOYAmt02628473
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0379843
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt049500
IRS990/TotalFunctionalExpensesGrp/TotalAmt049512
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01849647
IRS990/TotalLiabilitiesEOYAmt02209483
IRS990/TotalLiabilitiesGrp/BOYAmt01849647
IRS990/TotalLiabilitiesGrp/EOYAmt02209483
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt041582
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0418990
IRS990/TotalOtherCompensationAmt013857
IRS990/TotalProgramServiceExpensesAmt049500
IRS990/TotalProgramServiceRevenueAmt014432
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030160
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0410003
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01891229
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02628473
IRS990/TotReportableCompRltdOrgAmt0277150
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt041582
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0418990
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01250 NORTH MAIN STREET NO NORTH
IRS990/USAddress/CityNm0ANN ARBOR
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048104
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.FAIRFOODNETWORK.ORG/FAIRFOODFUND
IRS990/WhistleblowerPolicyInd01
IRS990/WrittenPolicyOrProcedureInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ORAN B HESTERMAN

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