Overview
What is Fair Food Fund?
Fair Food Fund is an impact capital fund, originating from Fair Food Network, situated in Detroit, Michigan. Its primary mission is to foster entrepreneurship within the food system by providing project-related investment (PRI) loans and equity investments to businesses that link farmers with local, sustainably grown food demand. Currently, the program has funded 15 loans and six equity investments. The Fair Food Fund aims to establish a more sustainable food system by investing in food enterprises that promote healthy food access, job creation, family farm sustainability, and racial and social equity, often lacking traditional financing sources.
Official website here: www.fairfoodnetwork.org/fairfoodfund
Is Fair Food Fund legitimate?
Fair Food Fund is a legitimate nonprofit organization registered as a 501(c)(4) entity. Fair Food 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fairfoodnetwork.org/fairfoodfund
What is the mission statement of Fair Food Fund?
The Fair Food Fund's mission is to establish a more sustainable food system. They accomplish this by investing in food enterprises that foster healthy food access, job creation, family farm viability, and promote greater racial and social equity. These enterprises often struggle to secure traditional financing sources. By making loans and equity investments, the Fair Food Fund supports businesses that link farmers with demand for locally grown, sustainable food. This initiative encompasses six equity investments and fifteen loans as of now.
Official website here: www.fairfoodnetwork.org/fairfoodfund
Who is the CEO of Fair Food Fund?
Kate Krauss is the Director of Fair Food Fund. The CEO's salary of Fair Food Fund is $0 and their total compensation is $216,010.
Official website here: www.fairfoodnetwork.org/fairfoodfund
What is the revenue of Fair Food Fund?
Fair Food Fund's revenue in 2022 was $120,680.
Official website here: www.fairfoodnetwork.org/fairfoodfund
Who are the executives of Fair Food Fund and what are their salaries?
There 2 volunteers at Fair Food Fund.
Here are 4 key members and their salaries (Fair Food Fund's CEO's salary is $0 and their total compensation is $216,010):
- Compensation: $0
- Related: $448,821
- Other: $14,078
- Compensation: $0
- Related: $207,782
- Other: $8,228
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fairfoodnetwork.org/fairfoodfund
Where can I find the form 990 for Fair Food Fund?
Fair Food Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fairfoodnetwork.org/fairfoodfund
Learn more at the official website: www.fairfoodnetwork.org/fairfoodfund
Mission Statement of Fair Food Fund
Fair Food Fund, an impact capital fund, is dedicated to building a more sustainable food system. They achieve this by making investments in food enterprises that promote healthy food access, job creation, family farm viability, and greater racial and social equity. These enterprises often struggle to secure funding from traditional sources. By providing loans and equity investments, Fair Food Fund fosters entrepreneurship within the food system, connecting farmers with demand for locally grown, sustainable food. The program, currently encompassing sixteen investments in total, plays a crucial role in advancing a more equitable and sustainable food system.
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Impact
October, 2024
The Fair Food Fund significantly contributes to creating a more sustainable food system by making strategic investments in food enterprises. These investments aim to enhance healthy food access, generate job opportunities, and promote family farm viability while addressing greater racial and social equity. By targeting businesses that lack sufficient access to traditional financing, the Fair Food Fund supports entrepreneurial initiatives that connect farmers with local demand for sustainably grown food.
Currently, the Fair Food Fund has made six equity investments and fifteen loans, directly fueling entrepreneurship in the food sector. This approach not only strengthens local economies but also cultivates a food system that prioritizes community health and environmental sustainability. Through these efforts, the organization plays a vital role in bridging gaps within the food system, ultimately fostering a more equitable and resilient food landscape.
This information is meant to be a general summary of Fair Food 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: $157,834
- Program Service Revenue: $65
- Gross Receipts: $120,680
Assets and Liabilities:
- Total Assets: $4,583,152
- Total Liabilities: $3,155,991
- Net Assets: $1,427,161
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$65
Organization Details
Founding Year
2012
Principal Officer
Kate Krauss
Main Address
1442 BRUSH ST THIRD FLOOR, DETROIT, MI, 48226
NTEE Category
Code: K12 - Food
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