Foodchain is located in Lexington, KY. The organization was established in 2012. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Foodchain employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foodchain 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 12/2021, Foodchain generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 52.6% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 51.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDED EDUCATION AND DEMONSTRATION FOR NEW FOOD SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANY OF FOODCHAIN'S NEIGHBORS RELY ON DOLLAR STORES AND CONVENIENCE MARTS FOR THEIR WEEKLY SHOPPING, WITH LIMITED FUNDS AND TRANSPORTATION AVAILABLE TO GET TO HIGHER QUALITY STORES WITH A GREATER ABUNDANCE OF NUTRITIOUS WHOLE INGREDIENTS. FURTHERMORE, WITH THE RELIANCE ON SNAP DOLLARS AND OTHER FEDERAL FOOD BENEFIT PROGRAMS, THE COMMUNITY HAS BECOME INCREASINGLY DEPENDENT ON HIGHLY-PROCESSED, SHELF-STABLE "JUNK" FOOD FOR THEIR DAILY MEALS, RESULTING IN GENERATIONAL DIET-RELATED ILLNESSES, INCLUDING HEART DISEASE, DIABETES, AND MORE. WHILE THIS HUNGER-OBESITY PARADOX IS IN PART A RESULT OF LIMITED FOOD ACCESS, IT HAS BEEN EXACERBATED BY A DECLINE IN FOOD LITERACY, WHERE FAMILIES NO LONGER HAVE THE KNOWLEDGE, EQUIPMENT, AND FAMILIARITY TO PREPARE MEALS FROM FRESH INGREDIENTS. FOODCHAIN AIMS TO ADDRESS THIS DEFICIENCY BY OFFERING EDUCATIONAL PROGRAMS TO TEACH COOKING SKILLS, EXPOSING FAMILIES TO A WIDER ARRAY OF CUISINES AND FLAVOR PROFILES, INSPIRING MORE ADVENTUROUS EATING AND KITCHEN CONFIDENCE. WITH THIS MINDSET, WE LAUNCHED NOURISH LEXINGTON AT THE START OF THE PANDEMIC TO PROVIDE SCRATCH-MADE NUTRITIOUS MEALS FOR FREE TO FOOD INSECURE INDIVIDUALS IN OUR COMMUNITY, ALONG WITH EDUCATIONAL MATERIALS, ALL WHILE INVESTING RESOURCES INTO OUR LOCAL FOOD ECONOMY THROUGH THE PRIORITIZATION OF LOCALLY FARMED INGREDIENTS, MADE BY AND DISTRIBUTED BY AREA PROFESSIONALS AAND BUSINESSES. OVERTIME, THIS FOOD ACCESS AND FLUENCY PROGRAM WILL CULTIVATE MORE SELF-SUFFICIENT HOUSEHOLDS, AS FOOD INDEPENDENCE LEADS TO GREATER WELFARE AND ECONOMIC SUSTAINABILITY OF A COMMUNITY.
IN MANY URBAN COMMUNITIES LIKE OUR OWN, THERE ARE BOTH HIGH RATES OF UNEMPLOYMENT AND UNFILLED JOBS IN THE LOCAL FOOD ECONOMY. THEREFORE, FOODCHAIN AIMS TO BRIDGE THESE GAPS BY INFORMING RESIDENTS ABOUT JOB PROSPECTS, TRAINING THEM WITH THE NECESSARY KNOWLEDGE FOR WORKING IN KITCHENS AND FOOD FACILITIES, AND EVEN ENCOURAGING THEM TO EMBARK ON ENTERPRISES OF THEIR OWN, BY GROWING OR FOUNDING FOOD BUSINESSES TO FILL THE VOIDS IN THE MARKETPLACE. TO DO THIS MOST EFFECTIVELY, WE'VE SOLIDIFIED DOZENS OF PARTNERSHIPS WITH OTHER ENTITIES, RANGING FROM SOCIAL SERVICE PROVIDERS WHO HELP REFER CLIENTS TO OUR SERVICES AND IDENTIFY NEEDS, ALL THE WAY TO CELEBRATED CHEFS AND ELECTED OFFICIALS WHO UNDERSTAND THE NEED FOR MORE CONFIDENT, PREPARED, AND ENABLED WORKFORCE. BECAUSE OF THESE RICH PARTNERSHIPS, WE WERE WELL-PREPARED AT THE ONSET OF COVID-19 IN 2020 TO PIVOT OUR OPERATIONS TO LINK TOGETHER THESE SAME RESOURCES IN A WAY TO BEST ENSURE FOOD INSECURE COMMUNITIES HAD ACCESS TO FRESHLY-MADE, WHOLESOME MEALS.
WHILE ONE ANSWER TO THE LIMITED ACCESS OF OUR FRESH FOOD IS TO INCREASE ITS AVAILABILITY THROUGH RETAIL, FOODCHAIN BELIEVES IT IS EVEN MORE EMPOWERING TO START AT FOOD PRODUCTION. THEREFORE, WE OPERATE OUR INDOOR, STATE-OF-THE-ART AQUAPONICS SYSTEM, GROWING FISH AND GREENS YEAR-ROUND IN A RECIRCULATING SYSTEM THAT REDUCES WASTE AND CONSERVES RESOURCES, WHILE ALSO GENERATING THOUSANDS OF POUNDS OF FOOD THAT CAN BE USED FOR REVENUE GENERATION AND NUTRITIONAL ACCESS. BY RUNNING OUR FARM AS A DEMONSTRATION FACILITY, HOSTING TOURS AND WORKSHOPS FOR THOUSANDS, WE WORK TO GET INDIVIDUALS MORE INVOLVED IN GROWING WHOLESOME FOOD, UNDERSTANDING WHERE FOOD COMES FROM, AND HOW THESE TECHNIQUES COULD BE REPLICATED ELSEWHERE TO INCREASE AGRICULTURL PRODUCTIVITY WHILE SUBSEQUENTLY MAKING FRESH FOOD AVAILABLE ALL YEAR-ROUND FOR ALL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rebecca Self Former Executive Director | Officer | 40 | $38,333 |
Chaquenta Neal Executive Director | Officer | 40 | $5,833 |
Ryan Foster Chairman & Director | OfficerTrustee | 2 | $0 |
Ouita Michel Director | Trustee | 2 | $0 |
Sharon Stone Director | Trustee | 2 | $0 |
Norma Taylor Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,077,818 |
Noncash contributions included in lines 1a–1f | $15,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,077,818 |
Total Program Service Revenue | $28,656 |
Investment income | $4 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $223 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $106,639 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,214,040 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $433 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $44,167 |
Compensation of current officers, directors, key employees. | $11,042 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $383,065 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $11,535 |
Payroll taxes | $37,560 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,976 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $7,940 |
Advertising and promotion | $0 |
Office expenses | $3,979 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $16,970 |
Travel | $2,614 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $63,011 |
Insurance | $12,838 |
All other expenses | $78 |
Total functional expenses | $1,143,016 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $784,377 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $18,347 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $226,229 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,028,953 |
Accounts payable and accrued expenses | $8,414 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $8,414 |
Net assets without donor restrictions | $1,020,539 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,028,953 |
Over the last fiscal year, we have identified 9 grants that Foodchain has recieved totaling $208,734.
Awarding Organization | Amount |
---|---|
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $135,629 |
Kroger Co Foundation Cincinnati, OH PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $30,000 |
Carol Lavin Bernick Family Foundation Chicago, IL PURPOSE: GENERAL FUND | $20,000 |
Honorable Order Of Kentucky Colonels Inc Louisville, KY PURPOSE: GENERAL SUPPORT | $9,165 |
Muir House Foundation Lexington, KY PURPOSE: PROVIDE SUPPORT FOR EDUCATIONAL OUTREACH | $8,000 |
Nisource Charitable Foundation Columbus, OH PURPOSE: CORPORATE DONATION | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Kroger Co Zero Hunger Zero Waste Foundation Cincinnati, OH | $11,444,778 | $15,207,931 |
Lifecare Alliance Columbus, OH | $46,116,156 | $21,442,783 |
Our Daily Bread Of Tennessee Inc Knoxville, TN | $2,326,524 | $13,713,547 |
Hunger Network Of Greater Cleveland Cleveland, OH | $1,933,402 | $13,968,841 |
Second Helpings Inc Indianapolis, IN | $16,543,287 | $11,181,807 |
School Nutrition Association Inc Arlington, VA | $16,052,555 | $7,166,354 |
Of One Accord Inc Rogersville, TN | $2,058,166 | $4,725,559 |
Senior Services Of Central Illinois Inc Springfield, IL | $3,845,383 | $3,944,762 |
With Gods Grace Dayton, OH | $218,144 | $3,520,622 |
La Soupe Inc Cincinnati, OH | $5,523,582 | $5,381,446 |
Home Sweet Home Ministries Inc Bloomington, IL | $9,391,953 | $3,394,319 |
Nashville Food Project Inc Nashville, TN | $5,206,540 | $2,809,035 |