Overview
What is Breadcoin Foundation Ltd?
Breadcoin Foundation Ltd is a nonprofit organization based in Washington, D.C., specifically at PO Box 76405. Their primary mission is to combat hunger through a unique approach by utilizing a food token called Breadcoin. This token allows local vendors to be compensated for Breadcoin redemptions. In 2022, 68,232 Breadcoins were redeemed. The foundation's food token serves as a catalyst for community engagement, fostering collaboration in response to hunger needs. With a small team of one employee, Breadcoin Foundation Ltd continues to contribute to addressing hunger issues in their local community.
Official website here: www.breadcoin.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Breadcoin Foundation Ltd has achieved a high rating of 96% from Charity Navigator, indicating strong performance in accountability and finance. This rating is derived entirely from a robust accountability score, reflecting the organization's commitment to transparency and responsible management of funds. The four-star rating signifies that the nonprofit meets or exceeds industry standards, which is a positive indicator for potential donors.
The organization demonstrates exemplary governance practices, with 88% of its board members being independent, ensuring diverse and unbiased decision-making. Additionally, it has been recognized for having no material diversion of assets, indicating a strong fiscal safeguarding. Financial statements are audited, and the charity has clear policies regarding conflicts of interest and whistleblower protections, further enhancing its credibility.
Despite the strong financial health indicated by an impressive program expense ratio of 82.08%, it's essential for stakeholders to continue monitoring Breadcoin Foundation Ltd's operations to ensure ongoing compliance with best practices. Overall, the charity appears to be well-managed with resources effectively directed towards its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Breadcoin Foundation Ltd legitimate?
Breadcoin Foundation Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Breadcoin Foundation Ltd 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: $21,000
For more financial information, click here
Official website here: www.breadcoin.org/
What is the mission statement of Breadcoin Foundation Ltd?
The Breadcoin Foundation Ltd's mission is centered around utilizing a food token system as a means to foster collective action in addressing hunger issues. By doing so, the foundation aims to facilitate cooperation among individuals and local vendors. The primary objective of Breadcoin Foundation Ltd is to leverage this tool in response to hunger needs, encouraging community engagement and collaboration. In 2022, the foundation redeemed 68,232 Breadcoins, indicating a substantial engagement with its initiative.
Official website here: www.breadcoin.org/
Who is the CEO of Breadcoin Foundation Ltd?
Scott Borger is the Vice-Chairman (Until Sept 2022) Executive Director of Breadcoin Foundation Ltd.
Official website here: www.breadcoin.org/
What is the revenue of Breadcoin Foundation Ltd?
Breadcoin Foundation Ltd's revenue in 2022 was $468,091.
Official website here: www.breadcoin.org/
Who are the executives of Breadcoin Foundation Ltd and what are their salaries?
The average compensation at Breadcoin Foundation Ltd during 2022 was $21,000. There is 1 employee and 60 volunteers at Breadcoin Foundation Ltd.
Here are 9 key members and their salaries:
- Compensation: $21,000
- Related: $0
- Other: $630
- 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: $24,000
- 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.breadcoin.org/
Where can I find the form 990 for Breadcoin Foundation Ltd?
Breadcoin Foundation Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.breadcoin.org/
Learn more at the official website: www.breadcoin.org/
Mission Statement of Breadcoin Foundation Ltd
Breadcoin Foundation Ltd is an organization dedicated to addressing hunger needs through a unique tool. Their mission involves facilitating collaboration among individuals to respond effectively to food-related issues. By utilizing a food token system, Breadcoin Foundation Ltd empowers communities to work together and address hunger in a collective manner. In 2022, the foundation redeemed 68,232 Breadcoins, indicating the widespread adoption and utilization of their innovative approach.
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Impact
July, 2024
Breadcoin Foundation Ltd's impact is evident in its innovative approach to addressing hunger needs through the use of their food token. By enabling individuals and communities to come together to combat hunger, Breadcoin Foundation Ltd has facilitated the redemption of a significant number of Breadcoins in 2022, totaling 68,232. This tangible impact demonstrates the effectiveness of their mission in providing a practical solution to food insecurity.
This information is meant to be a general summary of Breadcoin Foundation Ltd. 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: $240
- Program Service Revenue: $65,020
- Gross Receipts: $468,091
Assets and Liabilities:
- Total Assets: $478,617
- Total Liabilities: $146,875
- Net Assets: $331,742
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Breadcoin sales
Revenue
$65,020
Organization Details
Founding Year
2017
Phone
(202) 876-6852Principal Officer
Scott Borger
Main Address
PO Box 76405, Washington, DC, 200136405
Website
www.breadcoin.org/NTEE Category
Code: K30 - Food
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