Feed The Soul Foundation
- Assets
- $1.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Houston, TX
- Founding
- Data as of
- 12/2022
- EIN
- 85-1724640
Organization Overview
Feed The Soul Foundation is located in Houston, TX. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Feed The Soul Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Feed The Soul Foundation 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, Feed The Soul Foundation generated $1.5m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2022.
Since 2021, Feed The Soul Foundation has awarded 27 individual grants totaling $436,452. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WITH SUPPORT FROM OUR COMMUNITY PARTNERS, FEED THE SOULD FOUNDATION MISSION TO PROVIDE RESOURCES TO CULINARY INDUSTRY ENTREPRENUERS ACCROSS THE US FROM THE BLACK AND LATINX AND OTHER MARGINALIZED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEED THE SOUL FOUNDATION WAS ESTABLISHED WITH A MISSION TO SUPPORT MARGINALIZED AND UNDERREPRESENTED ENTEPRENUERS IN THE CULINARY INDUSTRY, THROUGH BUSIENSS DEVELOPMENT, FINANCIAL ASSISTANCE, AND MENTORSHIP.
MARGINALIZED CULINARY COMMUNITY AWARENESS PROGRAM WAS LAUNCHED TO SUPPORT THE PROMOTION AND AWARENESS OF OVER 1,930 BLACK-OWNED AND LATIN-OWNED CULINARY BUSINESS ACCROSS NORTH AMERICA.
PROJECT NXT: DEVELOPED AN INTERSHIP PROGRAM AND PROVIDED WORKFORCE TRAINING TO 15 MINORITY COLLEGE STUDENTS INT HE FIELD OF SMALL BUSINESS MARKETING, MARKETING RESEARCH, AND PUBLIC RELATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Luckett Trustee | Trustee | 3 | $0 |
Julian Boyd Trustee | Trustee | 3 | $0 |
Justin Nicks Trustee | Trustee | 0 | $0 |
Sarah Freedie Trustee | Trustee | 0 | $0 |
Gerald Mcelvy Trustee | Trustee | 0 | $0 |
Falayn Ferrell Chairman | Officer | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Xq Cpa Accouting | 12/30/22 | $11,164 |
Blackbridge Consulting Inc Consultation | 12/30/22 | $111,696 |
Casey Renae Llc Design | 12/30/22 | $19,000 |
Measured Hr Human Resources/payroll | 12/30/22 | $21,764 |
Business Services Unlimited Llc Consultation | 12/30/22 | $19,000 |
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 | $1,505,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,505,876 |
| Total Program Service Revenue | $0 |
| Investment income | $180 |
| 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 | $1,506,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $297,000 |
| 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 | $127,842 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,731 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $444,973 |
| Office expenses | $3,203 |
| Information technology | $6,946 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $68,937 |
| 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 | $487 |
| All other expenses | $66,504 |
| Total functional expenses | $1,553,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $615,019 |
| Savings and temporary cash investments | $1,057,693 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,672,713 |
| Accounts payable and accrued expenses | $2,587 |
| 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 | $19,724 |
| Total liabilities | $22,311 |
| Net assets without donor restrictions | $1,650,402 |
| 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 | $1,672,713 |
Grants Awarded
Over the last fiscal year, Feed The Soul Foundation has awarded $50,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CAREERS THROUGH CULINARY ARTS PURPOSE: Scholarships | $10,000 |
FLORIDA A&M SCHOOL OF BUSI PURPOSE: Scholarships | $10,000 |
MOREHOUSE COLLEGE PURPOSE: Scholarships | $10,000 |
UNIVERISTY OF HOUSTON HILTON PURPOSE: Scholarships | $10,000 |
TEXAS SOUTHERN UNIVERSITY PURPOSE: Scholarships | $10,000 |