Overview
What is Food Co-Op Initiative?
Food Co-Op Initiative is a nonprofit organization situated in Montgomery, Minnesota, with a team of six dedicated individuals. Their primary mission is to support and encourage the development of food cooperatives, aiming to increase their number, success, and sustainability across diverse communities in the U.S. They provide various resources, including training, technical assistance, seed capital, and research, to help new food cooperatives establish and thrive. The organization offers customized training to startups, covering topics such as board development, financial feasibility, site selection, organizing work plans, and more. They co-host conferences, present workshops, and offer one-on-one support to startup organizers. Food Co-Op Initiative also hosts live webinars addressing topical issues for startup organizers, with excellent attendance and recordings available for free on their YouTube channel. Their peer learning network provides a platform for startup cooperatives facing similar organizing issues to learn and share experiences monthly. The organization has produced training and reference guides, as well as hosting web-based classroom training programs for boards of directors and business planning. They collaborate extensively with other development centers and have supported around 100 startups, with over 12 food cooperatives expected to open in the next 18 months.
Official website here: www.fci.coop
Is Food Co-Op Initiative legitimate?
Food Co-Op Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Food Co-Op Initiative 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: $132,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $170,455
For more financial information, click here
Official website here: www.fci.coop
What is the mission statement of Food Co-Op Initiative?
The Food Co-Op Initiative's mission is to encourage and support the establishment of new food cooperatives. This initiative aims to increase the number, success, and sustainability of these cooperatives, particularly in diverse communities nationwide. By providing information, training, technical assistance, seed capital, and engaging in research, the Food Co-Op Initiative seeks to pave, maintain, and enhance the development path for these cooperatives. Their ultimate goal is to improve access to healthy food in various communities across the country.
Official website here: www.fci.coop
Who is the CEO of Food Co-Op Initiative?
What is the revenue of Food Co-Op Initiative?
Who are the executives of Food Co-Op Initiative and what are their salaries?
The average compensation at Food Co-Op Initiative during 2022 was $50,437. There are 6 employees and 13 volunteers at Food Co-Op Initiative.
Here are 14 key members and their salaries:
- Stuart Reid (Executive Director)
- Richard Dines (Chair) [Trustee/Director]
- Christina Clamp (Vice Chair) [Trustee/Director]
- Gerardo Espinoza (Treasurer) [Trustee/Director]
- Darnell Adams (Secretary) [Trustee/Director]
- Steve Cooke (Director)
- John Guerra (Director)
- Olivia Rebanal (Director)
- Jeanie Wells (Director)
- Rl Condra (Director)
- Jamila Medley (Director)
- Amaha Sellassie (Director)
- Richard Larochelle (Director)
- Dr Akua Woolbright (Director (Thru Mid-Dec))
Official website here: www.fci.coop
Where can I find the form 990 for Food Co-Op Initiative?
The Food Co-Op Initiative’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.fci.coop
Learn more at the official website: www.fci.coop
Mission Statement of Food Co-Op Initiative
The Food Co-Op Initiative is committed to fostering the growth and sustainability of food cooperatives in diverse communities nationwide. Its mission is twofold: firstly, it aims to increase the number of successful food cooperatives, and secondly, it strives to ensure their longevity. To accomplish this, the Food Co-Op Initiative provides vital resources such as information, training, technical assistance, and seed capital. By doing so, it helps pave the way for new food cooperatives and supports their development. Furthermore, the organization engages in research to improve and maintain the development path for these cooperatives, ultimately contributing to increased access to healthy food in various communities across the country.
Impact
This information is meant to be a general summary of Food Co-Op Initiative. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
Food Co-Op Initiative has had a significant impact on the development of new food cooperatives across the country. By providing customized training to startups, including board development, financial feasibility, site selection, and organizing work plans, they have equipped new co-ops with the necessary tools for success. Additionally, their Up & Coming Conference and webinars have connected startup organizers, facilitating peer learning and collaboration.
Food Co-Op Initiative's support has led to the expected opening of over 12 new co-ops in the next 18 months, demonstrating their tangible contribution to increasing access to healthy food in diverse communities. Their focus on training programs for boards of directors and business planning further strengthens the foundation of these new cooperatives. Overall, Food Co-Op Initiative's efforts have resulted in better outcomes for startup organizers and a more sustainable future for food co-ops across the country.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORKSHOP REGISTRATIONS
Revenue
$332
Organization Details
Founding Year
2010
Phone
(844) 324-2667
Principal Officer
Faye Mack
Main Address
208 INNER DRIVE, MONTGOMERY, MN, 56069
Website
www.fci.coop
NTEE Category
Code: K30 - Food
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