Totals
- Total revenue
- $2,292,088
- Total expenses
- $1,348,562
- Contributions and grants received
- $2,080,437
- Grants paid
- $51,900
- Program service revenue
- $209,933
- Investment income
- $1,718
- Other revenue
- $0
- Total assets, end of year
- $6,897,965
- Total liabilities, end of year
- $3,805,171
- Net assets or fund balances, end of year
- $3,092,794
- Program services expenses (Part IX)
- $1,023,014
- Management and general expenses
- $237,904
- Fundraising expenses
- $87,644
- Program service expenses (Part III)
- $1,023,014
Program services were 75.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$100,000
-
1e · Government grants (contributions)
$1,377,174
-
1f · All other contributions, gifts and grants
$603,263
-
1g · Noncash contributions included above
$20,391
-
2a · Program service revenue: MICROLOAN INTEREST
total $149,643 · related or exempt $149,643
-
2b · Program service revenue: LOAN FEES
total $60,290 · related or exempt $60,290
-
3 · Investment income
total $1,381 · excluded $1,381
-
7a · Gross sales of assets other than inventory
securities $20,728
-
7b · Less cost or other basis and sales expenses
securities $20,391
-
7c · Gain or loss
securities $337
-
7d · Net gain or loss
total $337 · excluded $337
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $18,000 · program services $18,000
-
2 · Grants to domestic individuals
total $33,900 · program services $33,900
-
5 · Compensation of officers, directors and key employees
total $171,200 · program services $77,040 · management and general $34,240 · fundraising $59,920
-
7 · Other salaries and wages
total $400,285 · program services $347,789 · management and general $36,876 · fundraising $15,620
-
9 · Other employee benefits
total $51,889 · program services $38,917 · management and general $7,783 · fundraising $5,189
-
10 · Payroll taxes
total $44,020 · program services $33,015 · management and general $6,603 · fundraising $4,402
-
11b · Fees: legal
total $2,296 · program services $2,296
-
11c · Fees: accounting
total $148,631 · management and general $148,631
-
11g · Fees: other
total $207,273 · program services $207,273
-
13 · Office expenses
total $6,972 · program services $5,229 · management and general $1,046 · fundraising $697
-
14 · Information technology
total $37,901 · program services $37,901
-
16 · Occupancy
total $6,929 · program services $5,197 · management and general $1,039 · fundraising $693
-
17 · Travel
total $30,007 · program services $30,007
-
19 · Conferences, conventions and meetings
total $15,168 · program services $15,168
-
20 · Interest
total $31,700 · program services $31,700
-
22 · Depreciation, depletion and amortization
total $1,424 · program services $1,068 · management and general $214 · fundraising $142
-
23 · Insurance
total $9,814 · program services $7,361 · management and general $1,472 · fundraising $981
-
24a · Other expenses: BAD DEBT RESERVE
total $131,153 · program services $131,153
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $961,395 · end of year $1,024,311
-
2 · Savings and temporary cash investments
beginning of year $1,676,707 · end of year $2,056,863
-
3 · Pledges and grants receivable
beginning of year $25,977 · end of year $60,469
-
7 · Other notes and loans receivable
beginning of year $2,075,447 · end of year $3,740,636
-
10a · Land, buildings and equipment: cost or other basis
$12,099
-
10b · Land, buildings and equipment: accumulated depreciation
$11,063
-
10c · Land, buildings and equipment, net
beginning of year $2,460 · end of year $1,036
-
13 · Investments: program-related
beginning of year $7,020 · end of year $13,844
-
15 · Other assets
beginning of year $21,727 · end of year $806
-
17 · Accounts payable and accrued expenses
beginning of year $168,099 · end of year $217,231
-
19 · Deferred revenue
beginning of year $560,088 · end of year $498,611
-
21 · Escrow or custodial account liability
beginning of year $1,933 · end of year $748
-
24 · Unsecured notes and loans payable
beginning of year $1,891,345 · end of year $3,088,581
-
27 · Net assets without donor restrictions
beginning of year $1,980,776 · end of year $2,886,055
-
28 · Net assets with donor restrictions
beginning of year $168,492 · end of year $206,739
Mission and programs · 2022
Mission
FTHF PROVIDES ENTREPRENEURS WITH ACCESS TO CAPITAL, TECHNICAL ASSISTANCE AND NETWORKS THAT HELP TO INCREASE THEIR INCOME AND BUILD THEIR ASSETS. FOCUSING PRIMARILY ON FOOD ENTERPRISES OWNED BY LOW-INCOME, BIPOC, WOMEN AND IMMIGRANTS.
Activities or mission (Part I)
PROVIDE ENTREPRENEURS WITH ACCESS TO CAPITAL, TECHNICAL ASSISTANCE & NETWORKS TO INCREASE THEIR INCOME & BUILD ASSETS.
-
FEED THE HUNGER FUND (THE FUND), A CALIFORNIA PUBLIC BENEFIT CORPORATION, WAS FOUNDED IN JULY 2008. AS A COMMUNITY DEVELOPMENT FINANCE INSTITUTION, THE FUND PROVIDES ENTREPRENEURS WITH ACCESS TO CAPITAL, TECHNICAL ASSISTANCE AND NETWORKS THAT HELP TO INCREASE THEIR INCOME AND BUILD THEIR ASSETS. FOCUSING PRIMARILY ON FOOD ENTERPRISES OWNED BY LOW-INCOME, BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC), WOMEN AND IMMIGRANTS, THE FUND EXISTS TO CREATE HEALTHY, EQUITABLE AND SUSTAINABLE REGIONAL FOOD SYSTEMS THAT NOURISH US ALL.BY 2022, THE FUND HAD MADE $9.2 MILLION IN SMALL BUSINESS AND MICROLOANS, THE MAJORITY OF WHICH WERE IN CALIFORNIA AND HAWAII; AND PROVIDED TECHNICAL ASSISTANCE TO CREATE AND RETAIN JOBS.
Expenses $1,023,014 · Grants $51,900 · Revenue $209,933
As filed on the 2022 return.
Listed in Part VII
-
Patricia ChangPATRICIA CHANG
CEO
- Total calculated
- $211,125
- From this org
- $171,200
- From related orgs
- $0
- Other
- $39,925
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,200
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $39,925
- Filer's total
- $211,125
-
Mark MurakamiMARK MURAKAMI
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 3
-
Maria Soledad TehMARIA SOLEDAD TEH
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Vivian PhamVIVIAN PHAM
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Leticia CoronaLETICIA CORONA
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Philip BacchusPHILIP BACCHUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eunice AzzaniEUNICE AZZANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brett MeloneBRETT MELONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
CALIFORNIA TACOS 2
$12,000
SUPPORT STREET FOOD VENDORS FORMALIZING AND EXPANDING BUSINESSES
-
KILLA TEAS
$6,000
SUPPORT STREET FOOD VENDORS FORMALIZING AND EXPANDING BUSINESSES
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322849349300022
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