Food Forever Fund Inc
- Assets
- $2.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, GA
- Founding
- 01/2002
- Data as of
- 09/2021
- EIN
- 58-2624293
Organization Overview
Food Forever Fund Inc is located in Augusta, GA. The organization was established in 2002. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, 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. Food Forever Fund 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 09/2021, Food Forever Fund Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 64.0% each year . All expenses for the organization totaled $12.0k during the year ending 09/2021. While expenses have increased by 5.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOOD FOREVER FUND, INC. WAS CREATED TO RECEIVE & INVEST FUNDS FOR GOLDEN HARVEST FOOD BANK, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD FOREVER FUND, INC. WAS CREATED TO RECIEVE AND INVEST FUNDS FOR GOLDEN HARVEST FOOD BANK, INC. TRANSFERS FROM INVESTMENT EARNINGS ARE MADE ANNUALLY TO GOLDEN HARVEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy C Breitmann Executive Director | OfficerTrustee | 1 | $0 |
Phillipe Erramuzpe Member | Trustee | 1 | $0 |
Michael J Firmin Member | Trustee | 1 | $0 |
Rick Evans Member | Trustee | 1 | $0 |
David Mcdaniel Member | Trustee | 1 | $0 |
Travis Mcneal Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,325,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,325,000 |
| Total Program Service Revenue | $0 |
| Investment income | $21,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,790 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,364,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $11,973 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $714,588 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,132,479 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $2,872,067 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,872,067 |
| 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 | $2,872,067 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Food Forever Fund Inc has recieved totaling $1,300,000.
| Awarding Organization | Amount |
|---|---|
Golden Harvest Food Bank Inc Augusta, GA PURPOSE: TO INVEST FUNDS FOR GOLDEN HARVEST FOOD BANK, INC | $1,300,000 |
Endowment Analysis
| Beg. Balance | $1,195,433 |
| Earnings | $158,206 |
| Net Contributions | $1,493,428 |
| Ending Balance | $2,847,067 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Acfb Support Organization Inc Atlanta, GA | $40,862,639 | $446,458 |
The Abac Advancement Foundation Inc Tifton, GA | $49,295 | $385,690 |
Alabama Restaurant & Hospitality Association Foundation Montgomery, AL | $737,693 | $645,039 |
Loaves And Fishes Of Hobe Sound Inc Hobe Sound, FL | $115,193 | $0 |
Jones Valley Teaching Farm Center For Food Education Birmingham, AL | $10,690,128 | $605,550 |
Alumni Association Of The Wedgworth Leadership Institute For Tampa, FL | $59,152 | $0 |
Boca Helping Hands Endowment Fund Inc Boca Raton, FL | $7,668,007 | $1,387,184 |
Cooking Well Birmingham, AL | $89,309 | $0 |
Lowcountry Food Bank Endowment Fund Charleston, SC | $1,110,926 | $1,111,683 |
Auburn University Landscape And Nursery Association Auburn University, AL | $83,379 | $0 |
Three Magnolias Family Foundation Inc Chattahoochee Hill, GA | $731,072 | $735,073 |
Food Forever Fund Inc Augusta, GA | $2,872,067 | $1,364,153 |