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Feed The Hunger Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262975093 ✦ San francisco, CA ✦ Designated as a 501(c)(3)

Overview

What is Feed The Hunger Fund?

Feed The Hunger Fund, established in 2008, is a California-based nonprofit organization situated in San Francisco. Serving as a Community Development Finance Institute, its primary mission is to empower entrepreneurs, particularly those from underrepresented groups like low-income individuals, Black, Indigenous, and People of Color (BIPOC), women, and immigrants. The organization offers access to capital, technical assistance, and networks, fostering income growth and asset building. With a focus on food enterprises, Feed The Hunger Fund aims to develop equitable and sustainable regional food systems that benefit everyone. By 2022, the nonprofit had disbursed $9.2 million in small business and microloans, predominantly in California and Hawaii, and provided technical assistance to create and retain jobs. With a team of seven dedicated individuals, Feed The Hunger Fund strives to foster a more equitable food industry.


Official website here: www.feed-hunger.com

Is Feed The Hunger Fund legitimate?

Feed The Hunger Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Feed The Hunger Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $171,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $400,285

For more financial information, click here


Official website here: www.feed-hunger.com

What is the mission statement of Feed The Hunger Fund?

Feed The Hunger Fund's mission is centered around supporting entrepreneurs, primarily those from low-income backgrounds, Black, Indigenous, and People of Color (BIPOC), women, and immigrants. The organization provides these individuals with access to capital, technical assistance, and networks to help increase their income and build their assets. The focus is on food enterprises, aiming to foster healthy, equitable, and sustainable regional food systems that benefit everyone. By 2022, Feed The Hunger Fund had disbursed $9.2 million in small business and microloans, primarily in California and Hawaii, and offered technical assistance to create and maintain jobs.


Official website here: www.feed-hunger.com

Who is the CEO of Feed The Hunger Fund?

Patricia Chang is the Ceo of Feed The Hunger Fund. The CEO's salary of Feed The Hunger Fund is $171,200 and their total compensation is $211,125.


Official website here: www.feed-hunger.com

What is the revenue of Feed The Hunger Fund?

Feed The Hunger Fund's revenue in 2022 was $2,292,088.


Official website here: www.feed-hunger.com

Who are the executives of Feed The Hunger Fund and what are their salaries?

The average compensation at Feed The Hunger Fund during 2022 was $81,641. There are 7 employees and 10 volunteers at Feed The Hunger Fund.

Here are 8 key members and their salaries (Feed The Hunger Fund's CEO's salary is $171,200 and their total compensation is $211,125):

    Patricia Chang (Ceo) [Trustee/Director]
  • Compensation: $171,200
  • Related: $0
  • Other: $39,925

    • Mark Murakami (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maria Soledad Teh (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vivian Pham (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leticia Corona (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philip Bacchus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eunice Azzani (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brett Melone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.feed-hunger.com

    Where can I find the form 990 for Feed The Hunger Fund?

    The Feed The Hunger Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.feed-hunger.com

    Learn more at the official website: www.feed-hunger.com

    Mission Statement of Feed The Hunger Fund

    Feed The Hunger Fund, a California-based public benefit corporation, is dedicated to supporting entrepreneurs primarily from underrepresented communities, focusing on food enterprises owned by low-income individuals, Black, Indigenous, and People of Color (BIPOC), women, and immigrants. This nonprofit organization serves as a Community Development Finance Institution, providing these entrepreneurs with essential resources such as capital, technical assistance, and networking opportunities. By offering these tools, Feed The Hunger Fund aims to help these entrepreneurs increase their income and build their assets, ultimately contributing to the creation of healthy, equitable, and sustainable regional food systems. By 2022, Feed The Hunger Fund had disbursed $9.2 million in small business and microloans, with a majority of these loans issued in California and Hawaii. Additionally, the organization has provided technical assistance to support job creation and retention.

    Impact

    This information is meant to be a general summary of Feed The Hunger Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Feed The Hunger Fund's impact is clear and significant. By providing entrepreneurs, particularly those from marginalized communities such as low-income, BIPOC, women, and immigrants, with access to capital, technical assistance, and networks, the organization is helping to increase their income and build their assets. This not only supports the growth and sustainability of these businesses but also contributes to creating healthy, equitable, and sustainable regional food systems. Through its efforts, Feed The Hunger Fund has made a positive impact on the lives of many individuals and communities, fostering economic empowerment and job creation in places like California and Hawaii.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,718
  • Program Service Revenue: $209,933
  • Gross Receipts: $2,312,479

    • Assets and Liabilities:
  • Total Assets: $6,897,965
  • Total Liabilities: $3,805,171
  • Net Assets: $3,092,794
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MICROLOAN INTEREST

    Revenue

    $149,643

    LOAN FEES

    Revenue

    $60,290

    Organization Details

    Founding Year

    2008

    Principal Officer

    Patricia Chang

    Main Address

    100 MONTGOMERY STREET THE PRESIDIO, SAN FRANCISCO, CA, 94129

    NTEE Category

    Code: Q12 - International

    If you are a representative of Feed The Hunger Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.