Whole Foods Market Foundation
- Assets
- $5.0m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 20-2376273
Organization Overview
Whole Foods Market Foundation is located in Austin, TX. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whole Foods Market Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Whole Foods Market Foundation generated $8.7m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $7.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IDENTIFIES AND PARTNERS WITH EXISTING CHARITABLE ORGANIZATIONS THAT MANAGE MICRO-CREDIT PROJECTS TO HELP FAMILIES ESCAPE POVERTY BY PROVIDING ACCESS TO
CAPITAL THAT THEY CAN USE TO START THEIR OWN SMALL BUSINESSES. FUNDS IN 2022 SUPPORTED AN EXPANSION OF THE MICROLENDING PROJECTS IN 79 COUNTRIES, INCLUDING
THE UNITED STATES, AND SPANNING MULTIPLE CONTINENTS INCLUDING AFRICA, ASIA, NORTH AMERICA, AND SOUTH AMERICA. AS OF DECEMEBER 31, 2022, OUR PROJECTS HAVE
FUNDED OVER 6,625,000 LOANS AND HAVE DISBURSED OVER $102 MILLION IN GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Sansone Chairman And President | 0 | $0 | |
Glenda Flanagan Director | 0 | $0 | |
Joy Stoddard Secretary | 0 | $0 | |
Angela Lorenzen Director | 0 | $0 | |
David Schwartz Director | 0 | $0 | |
Patricia Yost Assistant Secretary | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zoe So | 12/30/22 | $134,122 |
Zoe So | 12/30/22 | $0 |
Stephanie Manciagli | 12/30/22 | $111,392 |
Stephanie Manciagli | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,472,668 |
| Interest on Savings | $21,976 |
| Dividends & Interest | $93,166 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $127,866 |
| Capital Gain Net Income | $127,866 |
| Net ST Capital Gain | $0 |
| Income Modifications | $855,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,005,476 |
| Total Revenue | $8,721,152 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,314,013 |
| Pension plans, employee benefits | $304,629 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $60,152 |
| Travel, conferences, and meetings | $125,857 |
| Printing and publications | $0 |
| Other expenses | $545,728 |
| Total operating and administrative expenses | $2,564,807 |
| Contributions, gifts, grants paid | $4,766,177 |
| Total expenses and disbursements | $7,330,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,193,950 |
| Net Accounts receivable | $19,000 |
| Net Pledges Receivable | $3,750,753 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,963,703 |
| Accounts payable and accrued expenses | $85,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $37,910 |
| Total liabilities | $122,910 |