Foodshed Capital
- Assets
- $2.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Charlottesville, VA
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-3580290
Organization Overview
Foodshed Capital, operating under the name Virginia Foodshed Capital, is located in Charlottesville, VA. The organization was established in 2019. According to its NTEE Classification (K12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Virginia Foodshed Capital employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Foodshed Capital 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, Virginia Foodshed Capital generated $1.3m in total revenue. All expenses for the organization totaled $711.1k during the year ending 12/2022. While expenses have increased by 64.0% per year over the past 4 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
TO PROVIDE FINANCIAL STEWARDSHIP TO FARMS AND BUSINESSES SUPPORTING A LOCAL FOOD ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOAN FUND: THE ORGANIZATION'S LOAN FUND IS DESIGNED TO MAKE CAPITAL MORE AVAILABLE AND ACCESSIBLE FOR FAMILY FARMERS AND FOOD ENTREPRENEURS. THE ORGANIZATION WORKS WITH BORROWERS WHO ARE DISENFRANCHISED FROM THE TRADITIONAL FINANCIAL SYSTEM INCLUDING LOW-INCOME/LOW-ASSET INDIVIDUALS AND FAMILIES, BLACK AND BROWN FAMILIES, WOMEN AND NON-BINARY PEOPLE, IMMIGRANTS AND INDIGENOUS COMMUNITIES, AS WELL AS OTHERS WHO HAVE BEEN OPPRESSED BY AN EXTRACTIVE ECONOMY AND SYSTEMIC DISCRIMINATION. THE FOCUS OF THE ORGANIZATION IS ON FARMS AND FOOD BUSINESSES DEDICATED TO USING RESILIENT, REGENERATIVE, ECO-FRIENDLY PRACTICES THAT FOSTER SOIL HEALTH AND BIODIVERSITY AND PRODUCE HEALTHY, CULTURALLY APPROPRIATE FOOD FOR OUR LOCAL COMMUNITIES.
TRAINING AND TECHNICAL ASSISTANCE: THE ORGANIZATION'S CONSULTATION SERVICES ARE OFFERED TO ALL SMALL/MID-SCALE FARMS AND FOOD ENTERPRISES IN THE REGION, EVEN IF THEY ARE NOT BORROWING FUNDS. THE ORGANIZATION DOES THIS ONE-ON-ONE AND THROUGH GROUP PRESENTATIONS, SEMINARS, AND WORKSHOPS. FOR THE WORKSHOPS, THE ORGANIZATION OFTEN PARTNERS WITH EXPERTS WHO HAVE A PARTICULAR EXPERTISE. SINCE FARMERS LIKE TO LEARN FROM OTHER FARMERS, THE ORGANIZATION STRIVES TO FIND EXPERTS WHO ARE EITHER FARMERS THEMSELVES OR UNDERSTAND THE BUSINESS OF FARMING. FOR THOSE THAT ARE BORROWING FUNDS, THE ORGANIZATION STAYS IN CONTINUAL CONTACT WITH THE BORROWER, ASSISTING THEM IN ANY WAY POSSIBLE TO ENSURE THE SUCCESS OF THEIR BUSINESS AND THE REPAYMENT OF THE LOAN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Reilly Executive Director | Officer | 40 | $65,000 |
Hunter Hopcroft Chairperson | OfficerTrustee | 8 | $0 |
Tracey Wiley Secretary | OfficerTrustee | 4 | $0 |
Harrison Roday Treasurer | OfficerTrustee | 4 | $0 |
Kristen Suokko Director | Trustee | 2 | $0 |
Shantell Bingham Director | 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 | $1,301,217 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,301,217 |
| Total Program Service Revenue | $0 |
| Investment income | $11,899 |
| 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 | $1,313,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,573 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $10,276 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,416 |
| Fees for services: Accounting | $16,328 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,157 |
| Advertising and promotion | $5,552 |
| Office expenses | $6,456 |
| Information technology | $20,287 |
| Royalties | $0 |
| Occupancy | $12,850 |
| Travel | $14,923 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,922 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $711,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,591,911 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $377,456 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $969,545 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,159 |
| Total assets | $2,948,071 |
| Accounts payable and accrued expenses | $29,554 |
| 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 | $1,710,000 |
| Other liabilities | $0 |
| Total liabilities | $1,739,554 |
| Net assets without donor restrictions | $952,704 |
| Net assets with donor restrictions | $255,813 |
| 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 | $2,948,071 |
Grants Awarded
Over the last fiscal year, Foodshed Capital has awarded $75,873 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ROBINIA GROUP INC PURPOSE: RFSP GRANT SUBRECIPIENT | $46,033 |
GREENWAY LLC PURPOSE: RFSP GRANT SUBRECIPIENT | $13,800 |
ACCELERATING APPALACHIA PURPOSE: SUPPORT WOMEN & BIPOC OWNED FARMS | $10,000 |
KITCHEN TABLE CONSULTANTS PURPOSE: RFSP GRANT SUBRECIPIENT | $6,040 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Foodshed Capital has recieved totaling $70,250.
| Awarding Organization | Amount |
|---|---|
Opaline Fund San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,000 |
Dunn Family Charitable Foundation Andover, MA PURPOSE: UNRESTRICTED GIFT | $10,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: BAMAWORKS 2021 GRANT | $10,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $5,250 |
Baldwin Center For Preservation Development North Garden, VA PURPOSE: GENERAL OPERATING EXPENSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foodshed Capital Charlottesville, VA | $2,948,071 | $1,313,116 |
Fort Bragg Schools Cafeteria Fund Fort Bragg, NC | $1,942,170 | $1,264,110 |
Holli Fund Richmond, VA | $163,893 | $368,277 |
Run 5 Feed 5 Trinity, NC | $134,969 | $0 |
Settle The Debt Gainesville, VA | $18,690 | $0 |
Betteralife Inc Purcellville, VA | $24,626 | $0 |
A Recipe To End Hunger And Need Inc Louisville, KY | $34,443 | $0 |
Slow Money Nc Pittsboro, NC | $111,198 | $0 |
Crystal Coast Corks & Forks Inc Atlantic Beach, NC | $15,249 | $25,728 |
Handful Of Purpose Harrison, TN | $6,071 | $0 |
Positively West Virginia Inc Clarksburg, WV | $9,586 | $0 |