Proveg International Incorporated
- Assets
- $5.9m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 7
- Location
- Washington, DC
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 46-3038496
Organization Overview
Proveg International Incorporated is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Proveg International Incorporated employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proveg International Incorporated 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, Proveg International Incorporated generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 63.1% each year . All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 54.5% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELP EVERYONE CHOOSE DELICIOUS AND HEALTHY FOOD THAT IS GOOD FOR ALL HUMANS, ANIMALS, AND THE PLANET BY REDUCING THE GLOBAL CONSUMPTION OF ANIMALS BY 50% BY 2040.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVEG GRANTS: PROVEG GRANTS OFFERS FUNDING TO DIET-CHANGE ORGANIZATIONS AND PROJECTS, ALIGNING WITH PROVEG'S MISSION TO REPLACING 50% OF ANIMAL PRODUCTS WITH PLANT-BASED AND CULTIVATED ALTERNATIVES.ACCOMPLISHMENTS: 140 PROVEG GRANTS WERE ALLOCATED IN 55 DIFFERENT COUNTRIES.
THE ANIMAL AND VEGAN ADVOCACY (AVA) SUMMIT: THE AVA SUMMIT IS AN OVERARCHING CONFERENCE SERIES FOR THE ANIMAL AND VEGAN ADVOCACY MOVEMENT, BRINGING ADVOCATES TOGETHER FROM AROUND THE WORLD WHO ARE FOCUSING ON SYSTEMIC CHANGE AND WORKING ON VARIOUS TACTICS, STRATEGIES, AND APPROACHES TOWARD ONE SHARED VISION: REMOVING ANIMALS FROM OUR FOOD SYSTEM AND OTHER HUMAN USE.ACCOMPLISHMENTS: OVER 750 ATTENDEES FROM 47 COUNTRIES, 130 SPEAKERS FROM 22 COUNTRIES, AND 50 EXHIBITORS.
FOOD4CLIMATE PAVILION DESCRIPTION: THE FOOD4CLIMATE PAVILION IS A SPACE AT THE UNITED NATIONS CLIMATE CHANGE CONFERENCE OR CONFERENCE OF THE PARTIES (COP). PARTNERING ORGANISATIONS WILL HOST EVENTS TO BRING FOOD SYSTEM TRANSFORMATION AND SUSTAINABLE DIETS TO THE HEART OF COP. THE MAIN OBJECTIVES AND ACCOMPLISHMENTS OF THIS PROGRAM ARE BRINGING FOOD SYSTEM TRANSFORMATION AND SUSTAINABLE DIETS TO THE HEART OF COP, MAINSTREAMING A TRANSITION TOWARD DIVERSE AND RESILIENT FOOD PRODUCTION AND CONSUMPTION SYSTEMS AS A KEY CLIMATE MITIGATION AND ADAPTATION SOLUTION, AND BRINGING DIVERSE STAKEHOLDERS TOGETHER TO DISCUSS CHALLENGES AND SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Moncrief Board Chair/president And Treasurer | OfficerTrustee | 5 | $0 |
Tobias Leenaert Board Secretary | OfficerTrustee | 1 | $0 |
Felix Hnat Board Director | Trustee | 1 | $0 |
Sebastian Joy Board Director | Trustee | 5 | $0 |
Michael Webermann Us Exec Dir (until May 2022) | Officer | 40 | $55,529 |
Financial Statements
| 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 | $4,375,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,375,585 |
| Total Program Service Revenue | $315,323 |
| Investment income | $19,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,848,403 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,170 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,437,427 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,551 |
| Compensation of current officers, directors, key employees. | $11,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,435 |
| Pension plan accruals and contributions | $5,692 |
| Other employee benefits | $42,019 |
| Payroll taxes | $68,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,726 |
| Fees for services: Accounting | $34,072 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,319 |
| Fees for services: Other | $1,020,786 |
| Advertising and promotion | $34,225 |
| Office expenses | $36,376 |
| Information technology | $49,406 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $212,200 |
| 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 | $0 |
| Insurance | $8,048 |
| All other expenses | $1,015 |
| Total functional expenses | $3,242,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $45,000 |
| Accounts receivable, net | $34,704 |
| 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 | $0 |
| Investments—publicly traded securities | $1,262,912 |
| Investments—other securities | $0 |
| Investments—program-related | $3,986,048 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,874,075 |
| Accounts payable and accrued expenses | $39,579 |
| 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 | $39,579 |
| Net assets without donor restrictions | $5,834,496 |
| 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 | $5,874,075 |
Grants Awarded
Over the last fiscal year, Proveg International Incorporated has awarded $48,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EXPONENTIAL FOODS PURPOSE: Incubator | $24,000 |
KISMET LABS PURPOSE: Incubator | $24,000 |