Overview
What is Feed The Hunger Fund?
Feed The Hunger Fund, established in 2008, is a California-based nonprofit organization situated in San Francisco. Serving as a Community Development Finance Institute, its primary mission is to empower entrepreneurs, particularly those from underrepresented groups like low-income individuals, Black, Indigenous, and People of Color (BIPOC), women, and immigrants. The organization offers access to capital, technical assistance, and networks, fostering income growth and asset building. With a focus on food enterprises, Feed The Hunger Fund aims to develop equitable and sustainable regional food systems that benefit everyone. By 2022, the nonprofit had disbursed $9.2 million in small business and microloans, predominantly in California and Hawaii, and provided technical assistance to create and retain jobs. With a team of seven dedicated individuals, Feed The Hunger Fund strives to foster a more equitable food industry.
Official website here: www.feed-hunger.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 92% - Four-Star out of Four Star rating
Feed The Hunger Fund has received a commendable Four-Star rating from Charity Navigator, with an impressive overall score of 92%. This rating reflects the organization's strong accountability and finance practices, demonstrating its commitment to transparency and effective governance. The high score is derived entirely from the accountability and finance beacon, indicating robust financial health and operational integrity.
The nonprofit has a majority of independent board members, which enhances its governance structure. Key metrics such as audit oversight, conflict of interest policies, and whistleblower protections are all well established, contributing to the organization's credibility. Additionally, Feed The Hunger Fund shows a solid program expense ratio of 76.56%, meaning a significant portion of its funds is directed towards its mission-driven programs and services.
However, the organization has a relatively high liabilities to assets ratio of 55.16%, which suggests that while it is financially sound, there may be concerns regarding its leverage and long-term sustainability. Despite this, the lack of material diversion of assets and strong financial oversight measures indicate that Feed The Hunger Fund is effectively managing its resources to fulfill its mission of hunger relief.
This AI summary has been generated from information found on Charity Navigator.
Is Feed The Hunger Fund legitimate?
Feed The Hunger Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Feed The Hunger Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $171,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $400,285
For more financial information, click here
Official website here: www.feed-hunger.com
What is the mission statement of Feed The Hunger Fund?
Feed The Hunger Fund's mission is centered around supporting entrepreneurs, primarily those from low-income backgrounds, Black, Indigenous, and People of Color (BIPOC), women, and immigrants. The organization provides these individuals with access to capital, technical assistance, and networks to help increase their income and build their assets. The focus is on food enterprises, aiming to foster healthy, equitable, and sustainable regional food systems that benefit everyone. By 2022, Feed The Hunger Fund had disbursed $9.2 million in small business and microloans, primarily in California and Hawaii, and offered technical assistance to create and maintain jobs.
Official website here: www.feed-hunger.com
Who is the CEO of Feed The Hunger Fund?
Patricia Chang is the Ceo of Feed The Hunger Fund. The CEO's salary of Feed The Hunger Fund is $171,200 and their total compensation is $211,125.
Official website here: www.feed-hunger.com
What is the revenue of Feed The Hunger Fund?
Feed The Hunger Fund's revenue in 2022 was $2,292,088.
Official website here: www.feed-hunger.com
Who are the executives of Feed The Hunger Fund and what are their salaries?
The average compensation at Feed The Hunger Fund during 2022 was $81,641. There are 7 employees and 10 volunteers at Feed The Hunger Fund.
Here are 8 key members and their salaries (Feed The Hunger Fund's CEO's salary is $171,200 and their total compensation is $211,125):
- Compensation: $171,200
- Related: $0
- Other: $39,925
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.feed-hunger.com
Where can I find the form 990 for Feed The Hunger Fund?
Feed The Hunger Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.feed-hunger.com
Learn more at the official website: www.feed-hunger.com
Mission Statement of Feed The Hunger Fund
Feed The Hunger Fund, a California-based public benefit corporation, is dedicated to supporting entrepreneurs primarily from underrepresented communities, focusing on food enterprises owned by low-income individuals, Black, Indigenous, and People of Color (BIPOC), women, and immigrants. This nonprofit organization serves as a Community Development Finance Institution, providing these entrepreneurs with essential resources such as capital, technical assistance, and networking opportunities. By offering these tools, Feed The Hunger Fund aims to help these entrepreneurs increase their income and build their assets, ultimately contributing to the creation of healthy, equitable, and sustainable regional food systems. By 2022, Feed The Hunger Fund had disbursed $9.2 million in small business and microloans, with a majority of these loans issued in California and Hawaii. Additionally, the organization has provided technical assistance to support job creation and retention.
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Impact
October, 2024
Feed The Hunger Fund has significantly impacted the communities it serves by providing vital resources to entrepreneurs, particularly those from low-income backgrounds, BIPOC, women, and immigrants. With a focus on food enterprises, the organization facilitates access to capital, technical assistance, and networks, which empower these entrepreneurs to increase their income and build sustainable assets.
Since its inception in 2008, the Fund has disbursed $9.2 million in small business and microloans, primarily in California and Hawaii. This financial support not only helps entrepreneurs launch and expand their businesses but also fosters job creation and retention within their communities. By emphasizing healthy and equitable food systems, Feed The Hunger Fund contributes to creating a more sustainable regional economy that benefits everyone. Its mission aligns with the broader goal of nourishing communities through inclusive economic development and opportunity.
This information is meant to be a general summary of Feed The Hunger Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,718
- Program Service Revenue: $209,933
- Gross Receipts: $2,312,479
Assets and Liabilities:
- Total Assets: $6,897,965
- Total Liabilities: $3,805,171
- Net Assets: $3,092,794
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MICROLOAN INTEREST
Revenue
$149,643
LOAN FEES
Revenue
$60,290
Organization Details
Founding Year
2008
Phone
(415) 793-2429Principal Officer
Patricia Chang
Main Address
100 MONTGOMERY STREET THE PRESIDIO, SAN FRANCISCO, CA, 94129
Website
www.feed-hunger.comNTEE Category
Code: Q12 - International
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