Overview
What is Foodchain Inc?
Foodchain Inc, situated in Lexington, Kentucky, is a nonprofit organization that addresses food insecurity and diet-related health issues in its community, particularly in areas with limited access to nutritious, whole ingredients and a lack of food literacy. The organization strives to enhance food access and fluency by offering educational programs to teach cooking skills, broaden culinary horizons, and foster kitchen confidence. During the pandemic, Foodchain launched Nourish Lexington, providing free, scratch-made nutritious meals to food-insecure individuals and distributing educational materials. By prioritizing locally sourced ingredients and collaborating with local professionals and businesses, Foodchain aims to strengthen its community's food economy and promote self-sufficiency, ultimately contributing to improved health outcomes and economic sustainability.
Official website here: www.foodchainlex.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Foodchain Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable performance in various areas of accountability and effectiveness. With an overall score of 79%, the organization demonstrates a strong commitment to its mission, particularly noted by its impressive Leadership & Adaptability score of 100, highlighting its effective governance and strategic direction.
The organization excels in community engagement, reflected in its Culture & Community score of 87, and maintains a high Program Expense Ratio at 85.55%, demonstrating a substantial portion of funds directed towards its programs. Additionally, the organization boasts a fully independent board, contributing to its robust governance structure and accountability practices, with no material diversion of assets reported.
However, while the overall ratings are positive, the Accountability & Finance Score of 69 suggests room for improvement in financial transparency and efficiency. This indicates that stakeholders may benefit from clearer financial reporting to enhance trust and understanding of the charity's fiscal management.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Foodchain Inc?
94% of 40 reviewers on Facebook would recommend Foodchain Inc. Here is a summary of their reviews:
Many patrons express a positive experience during their visits, highlighting the welcoming atmosphere and knowledgeable staff. A recent comment specifically praised Grayson for adding to the enjoyable experience, indicating that the personnel contribute positively to the overall environment.
Overall, it appears that visitors are pleased with what Foodchain Inc has to offer, citing both the quality of service and the opportunity to explore neighboring attractions. The nonprofit effectively creates a fulfilling experience for those who choose to engage with it.
This AI summary has been generated from reviews found on Facebook.
Is Foodchain Inc legitimate?
Foodchain Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foodchain Inc 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: $70,168
Professional Fundraising Fees: $0
Other Salaries and Wages: $383,136
For more financial information, click here
Official website here: www.foodchainlex.org
What is the mission statement of Foodchain Inc?
Foodchain Inc's mission is centered around improving the health outcomes of a population residing in a food desert, which is characterized by a lack of access to nutritious food and food literacy. The organization seeks to bridge the gap between this community and fresh, wholesome ingredients. This is accomplished through education and demonstration of various methods to grow, acquire, and prepare fresh food. By doing so, Foodchain Inc aims to foster a more robust local food economy and ultimately create a more resilient community. Their unique operations include an indoor aquaponics farm and a teaching and processing kitchen, with the potential for replication in other communities across the country.
Official website here: www.foodchainlex.org
Who is the CEO of Foodchain Inc?
Chaquenta Neal is the Chairman & Director of Foodchain Inc.
Official website here: www.foodchainlex.org
What is the revenue of Foodchain Inc?
Foodchain Inc's revenue in 2022 was $1,197,009.
Official website here: www.foodchainlex.org
Who are the executives of Foodchain Inc and what are their salaries?
The average compensation at Foodchain Inc during 2022 was $18,888. There are 24 employees and 387 volunteers at Foodchain Inc.
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Official website here: www.foodchainlex.org
Where can I find the form 990 for Foodchain Inc?
Foodchain Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foodchainlex.org
Learn more at the official website: www.foodchainlex.org
Mission Statement of Foodchain Inc
Foodchain Inc, a nonprofit organization, is dedicated to addressing the challenges faced by communities residing in food deserts. Situated in an urban area characterized by a low-income census tract, this region is more than a mile away from a grocery store, making it difficult for residents to access nutritious and wholesome ingredients. Recognizing this issue, Foodchain Inc aims to bridge this gap by fostering connections between the community and fresh food. This is achieved through education and demonstration, teaching residents various methods of growing, acquiring, and preparing fresh food to improve their long-term health outcomes.
By employing a unique model, Foodchain Inc encourages a more robust local food economy and fosters a more resilient community. At the heart of this model is an indoor aquaponics farm, which allows for the sustainable cultivation of fish and vegetables in a closed-loop system, reducing water waste and promoting eco-friendly farming practices. Additionally, Foodchain Inc operates a teaching and processing kitchen, where residents can learn about food preparation and preservation techniques, further enhancing their ability to incorporate fresh, nutritious foods into their daily diets. This holistic approach not only aims to improve the health of the community but also encourages local food production, which can be replicated in other communities across the country.
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Impact
July, 2024
Foodchain Inc's impact is significant in addressing the challenges faced by its community in Lexington, KY. By providing education and demonstration on new food systems, Foodchain is addressing the lack of access to nutritious, whole ingredients in an urban food desert. The organization is helping residents overcome reliance on highly-processed, shelf-stable foods by teaching cooking skills, exposing them to different cuisines, and inspiring adventurous eating.
Through initiatives like Nourish Lexington, Foodchain is not only providing free, scratch-made nutritious meals to food-insecure individuals but also investing in the local food economy by prioritizing locally farmed ingredients. By promoting food literacy and independence, Foodchain is working towards cultivating more self-sufficient households, leading to greater welfare and economic sustainability in the community. Additionally, their unique operations, including an indoor aquaponics farm and a teaching and processing kitchen, make their model replicable in other communities around the country.
This information is meant to be a general summary of Foodchain Inc. 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: $4
- Program Service Revenue: $42,882
- Gross Receipts: $1,202,905
Assets and Liabilities:
- Total Assets: $1,082,898
- Total Liabilities: $7,296
- Net Assets: $1,075,602
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COOKING CLASSES
Revenue
$25,300
MEALS, KITS & MIXES
Revenue
$6,269
CATERING INCOME
Revenue
$5,049
TOURS
Revenue
$4,028
CLASSROM AQUAPONICS PR
Revenue
$1,936
Organization Details
Founding Year
2011
Phone
(859) 428-8380Principal Officer
Chaquenta Neal
Main Address
501 W SIXTH ST SUITE 105, LEXINGTON, KY, 40508
Website
www.foodchainlex.orgNTEE Category
Code: K30 - Food
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