Woodward Local Foods Initiative Inc
- Assets
- $448.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Vernon, OH
- Founding
- 09/2019
- Data as of
- 12/2019
- EIN
- 47-2558127
Organization Overview
Woodward Local Foods Initiative Inc is located in Mount Vernon, OH. The organization was established in 2019. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodward Local Foods Initiative Inc 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 12/2019, Woodward Local Foods Initiative Inc generated $29.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $267.3k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION CREATED A PERMANENT COMMUNITY BENEFIT AND ENHANCED OCCUPANCY FOR THE WOODWARD OPERA HOUSE, RAISED LOCAL AWARENESS THAT LOCAL FOODS ARE HEALTHY FOODS AND HELP GROW THE LOCAL ECONOMY AND CREATED A YEAR ROUND MARKET FOR THE SALE OF LOCAL FOODS PRODUCED BY LOCAL FARMERS THAT IS AFFORDABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria Parsisson Board Chair | 0.2 | $0 | |
Thomas Wise Board Chair | 0.2 | $0 | |
Sandra Crow Treasurer | 0.2 | $0 | |
Wally Thomen Board Member | 0.2 | $0 | |
Kyle Walls Board Member | 0.2 | $0 | |
John Marsh Ex-Officio Member | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,076 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,977 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $29,053 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $154 |
| Professional fees and other payments to independent contractors | $4,226 |
| Occupancy, rent, utilities, and maintenance | $253,738 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,150 |
| Total expenses | $267,268 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,323 |
| Other assets | $0 |
| Total assets | $448,765 |
| Total liabilities | $671,174 |
| Net assets or fund balances | -$222,409 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Woodward Local Foods Initiative Inc has recieved totaling $27,176.
| Awarding Organization | Amount |
|---|---|
Woodward Development Corporation Mount Vernon, OH PURPOSE: TO PROVIDE FUNDS TO COVER WLFI GENERAL OPERATING EXPENSES. | $26,176 |
Woodward Development Corporation Mount Vernon, OH PURPOSE: TO PROVIDE FUNDS TO COVER THE COST OF WLFI 501(C) ORGANIZATION FILING FEE. | $1,000 |
Peer Organizations
| 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 |
412 Food Rescue Inc Pittsburgh, PA | $6,363,221 | $17,851,896 |
Hunger Network Of Greater Cleveland Cleveland, OH | $1,933,402 | $13,968,841 |
Second Helpings Inc Indianapolis, IN | $16,543,287 | $11,181,807 |
Meals On Wheels Western Michigan Inc Grandville, MI | $5,696,476 | $7,181,704 |
Kids Food Basket Grand Rapids, MI | $14,406,924 | $7,824,916 |
Hungry For Christ Hamilton, MI | $2,085,995 | $5,274,963 |
With Gods Grace Dayton, OH | $218,144 | $3,520,622 |
La Soupe Inc Cincinnati, OH | $5,523,582 | $5,381,446 |
Connecting Kids To Meals Inc Toledo, OH | $4,007,199 | $3,835,349 |
Grow Ohio Valley Inc Wheeling, WV | $924,666 | $2,218,308 |