Breadcoin Foundation Ltd
- Assets
- $502.1k
- Revenue
- $564.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 82-3636054
Organization Overview
Breadcoin Foundation Ltd is located in Washington, DC. The organization was established in 2018. 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 12/2023, Breadcoin Foundation Ltd employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breadcoin Foundation Ltd 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 12/2023, Breadcoin Foundation Ltd generated $564.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.6% each year . All expenses for the organization totaled $573.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BREADCOIN FOUNDATION LTD'S FOOD TOKEN IS A TOOL THAT ENABLES PEOPLE TO WORK TOGETHER IN RESPONSE TO HUNGER NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREADCOIN PAYS LOCAL VENDORS FOR BREADCOIN REDEMPTIONS. ONE HUNDRED AND SEVEN THOUSAND NINE HUNDRED AND EIGHTY SIX BREADCOINS WERE REDEEMED IN 2023.
COMMUNITY NETWORK CONTRACTORS - PAID TO ALLOW CONTRACTORS TO SPEND TIME IN NEIGHBORHOODS, BUIDING RELATIONSHIPS WITH VENDORS AND OTHER PARTNERS, SIGNIFICANTLY CONTRIBUTING TOWARDS INCREASE IN VENDOR AND DONOR PARTICIPATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Borger CEO | Officer | 25 | $23,803 |
William Spence Board Member And Dc Leader | Trustee | 10 | $15,873 |
Maggie Ehrenfried Board Member | Trustee | 2 | $0 |
Lee Ann Patterson Board Member | Trustee | 2 | $0 |
Kevin Wrege Board Member | Trustee | 2 | $0 |
Jon Aragon Board Member | Trustee | 2 | $0 |
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 | $442,362 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $442,362 |
| Total Program Service Revenue | $119,350 |
| Investment income | $2,940 |
| 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 | $564,652 |
| 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 | $105,366 |
| Pension plan accruals and contributions | $3,199 |
| Other employee benefits | $2,025 |
| Payroll taxes | $8,279 |
| Fees for services: Management | $0 |
| 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 | $107,055 |
| Advertising and promotion | $0 |
| Office expenses | $3,654 |
| Information technology | $6,760 |
| Royalties | $0 |
| Occupancy | $10,204 |
| Travel | $2,133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,662 |
| Insurance | $2,087 |
| All other expenses | $0 |
| Total functional expenses | $573,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,575 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,419 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $92,344 |
| Prepaid expenses and deferred charges | $1,970 |
| Net Land, buildings, and equipment | $7,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,950 |
| Other assets | $17,549 |
| Total assets | $502,065 |
| Accounts payable and accrued expenses | $10,589 |
| 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 | $169,245 |
| Total liabilities | $179,834 |
| Net assets without donor restrictions | $296,552 |
| Net assets with donor restrictions | $25,679 |
| 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 | $502,065 |