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← ALCHEMIST CDC

Form 990 for tax year 2024

Filed by ALCHEMIST CDC.

Totals

Total revenue
$4,527,313
Total expenses
$1,616,614
Contributions and grants received
$4,127,743
Grants paid
$14,202
Program service revenue
$327,087
Investment income
$50,727
Other revenue
$21,756
Total assets, end of year
$4,201,420
Total liabilities, end of year
$203,678
Net assets or fund balances, end of year
$3,997,742
Program services expenses (Part IX)
$1,360,849
Management and general expenses
$223,359
Fundraising expenses
$32,406
Program service expenses (Part III)
$1,360,849

Program services were 84.2% 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.

  • 1e · Government grants (contributions)

    $2,929,049

  • 1f · All other contributions, gifts and grants

    $1,198,694

  • 1g · Noncash contributions included above

    $51,048

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $327,087 · related or exempt $327,087

  • 3 · Investment income

    total $50,727 · excluded $50,727

  • 8a · Fundraising events: gross income

    $36,604

  • 8b · Fundraising events: direct expenses

    $14,848

  • 8c · Net income from fundraising events

    total $21,756 · excluded $21,756

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,202 · program services $14,202

  • 5 · Compensation of officers, directors and key employees

    total $100,155 · program services $74,756 · management and general $13,506 · fundraising $11,893

  • 7 · Other salaries and wages

    total $875,788 · program services $722,439 · management and general $132,136 · fundraising $21,213

  • 9 · Other employee benefits

    total $97,994 · program services $78,763 · management and general $16,955 · fundraising $2,276

  • 10 · Payroll taxes

    total $84,174 · program services $69,055 · management and general $12,433 · fundraising $2,686

  • 11b · Fees: legal

    total $4,460 · program services $4,460

  • 11c · Fees: accounting

    total $20,778 · management and general $20,778

  • 11g · Fees: other

    total $36,510 · program services $35,074 · management and general $461 · fundraising $975

  • 12 · Advertising and promotion

    total $4,091 · program services $3,405 · management and general $99 · fundraising $587

  • 13 · Office expenses

    total $23,909 · program services $13,527 · management and general $8,949 · fundraising $1,433

  • 16 · Occupancy

    total $83,069 · program services $81,990 · management and general $797 · fundraising $282

  • 17 · Travel

    total $5,797 · program services $5,519 · management and general $199 · fundraising $79

  • 19 · Conferences, conventions and meetings

    total $13,025 · program services $8,095 · management and general $1,404 · fundraising $3,526

  • 22 · Depreciation, depletion and amortization

    total $16,013 · program services $16,013

  • 23 · Insurance

    total $18,373 · program services $8,678 · management and general $9,310 · fundraising $385

  • 24a · Other expenses: GOODS & SERVICES DISTRIB.

    total $66,212 · program services $66,212

  • 24b · Other expenses: EQUIPMENT UNDER 2,500

    total $36,575 · program services $33,497 · management and general $2,959 · fundraising $119

  • 24c · Other expenses: TAXES AND LICENSES

    total $32,078 · program services $31,553 · management and general $25 · fundraising $500

  • 24d · Other expenses: SUPPLIES

    total $30,161 · program services $29,295 · management and general $583 · fundraising $283

  • 24e · All other expenses

    total $53,250 · program services $64,316 · management and general $2,765 · fundraising -$13,831

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $624,562 · end of year $886,130

  • 2 · Savings and temporary cash investments

    beginning of year $490,469 · end of year $1,910,861

  • 4 · Accounts receivable

    beginning of year $298,015 · end of year $284,176

  • 10a · Land, buildings and equipment: cost or other basis

    $768,029

  • 10b · Land, buildings and equipment: accumulated depreciation

    $36,234

  • 10c · Land, buildings and equipment, net

    beginning of year $742,240 · end of year $731,795

  • 15 · Other assets

    beginning of year $5,042 · end of year $388,458

  • 17 · Accounts payable and accrued expenses

    beginning of year $213,926 · end of year $150,228

  • 25 · Other liabilities

    beginning of year $653,554 · end of year $53,450

  • 27 · Net assets without donor restrictions

    beginning of year $706,478 · end of year $718,576

  • 28 · Net assets with donor restrictions

    beginning of year $586,370 · end of year $3,279,166

Mission and programs · 2024

Mission

ALCHEMIST CDC CONNECTS SACRAMENTO AREA COMMUNITIES TO LAND, FOOD, AND OPPORTUNITY TOWARD A VISION IN WHICH ALL NEIGHBORHOODS ARE VIBRANT, EQUITABLE, HEALTHY, AND DIVERSE. WE ARE BEST KNOWN FOR ENHANCING THE QUALITY OF LIFE IN UNDER-RESOURCED COMMUNITIES BY IMPROVING ACCESS TO NUTRITIOUS FOODS, IMPLEMENTING COMMUNITY-SUPPORTED PUBLIC GREEN SPACES, AND FOSTERING ECONOMIC SELF-SUFFICIENCY THROUGH BUSINESS ENTREPRENEURSHIP.

Activities or mission (Part I)

ALCHEMIST CDC CONNECTS SACRAMENTO AREA COMMUNITIES TO LAND, FOOD AND OPPORTUNITY.

  • FARMERS' MARKETS OPERATIONS IN 2024, ALCHEMIST CDC TOOK OVER MANAGEMENT OF TWO ESTABLISHED FARMERS' MARKETS IN SACRAMENTO INCLUDING: FLORIN CERTIFIED FARMERS' MARKET AND RANCHO CORDOVA CERTIFIED FARMERS' MARKET (FORMERLY SUNRISE CERTIFIED FARMERS' MARKET). ALCHEMIST ALSO LAUNCHED MEADOWVIEW CERTIFIED FARMERS' MARKET IN THE MEADOWVIEW NEIGHBORHOOD IN SOUTH SACRAMENTO - AN AREA THAT IS CONSIDERED A FOOD DESERT. THREE EXPERIENCED MARKET MANAGERS WERE HIRED TO COORDINATE OPERATIONS OF THESE MARKETS. BETWEEN MARCH AND DECEMBER OF 2024, ALCHEMIST'S THREE CERTIFIED FARMERS' MARKETS WERE OPEN FOR A COMBINED 110 MARKET DAYS, PROVIDING A SPACE FOR 110,929 CUSTOMERS TO BUY LOCALLY-GROWN FOOD FROM A COMBINED 92 SMALL, FAMILY FARMERS.

    Expenses $172,688 · Grants $14,202 · Revenue $163,087

  • NEIGHBORHOOD EMPOWERMENT & COMMUNITY GARDENS: ALCHEMIST CDC IS COMMITTED TO WORKING WITH LOCAL NEIGHBORS TO REMAKE BLIGHTED LAND INTO VIBRANT, NEIGHBORHOOD AMENITIES THROUGH DIRECT COMMUNITY ENGAGEMENT, DESIGN AND HANDS-ON PARTICIPATION IN CREATING PUBLIC GARDENS AND COMMUNITY GATHERING SPACES. THESE PROJECTS INCLUDE: THE OAK PARK ART GARDEN (UNDER CONSTRUCTION AND NOT YET AVAILABLE FOR PUBLIC USE); OAK PARK SOL COMMUNITY GARDEN (FEATURING 17 RENTABLE PLOTS, AN OUTDOOR KITCHEN AND CHILDREN'S GARDEN/CREATIVE SPACE); AND THE PANSY COMMUNITY GARDEN PARK (FEATURING 9 RENTABLE PLOTS, CHILDREN'S PLAYGROUND, PICNIC AREA AND 5 FRUIT TREES). ALCHEMIST CDC ALSO PROVIDES COMMUNITY ENGAGEMENT AND OPERATIONAL SUPPORT FOR THE MIRASOL VILLAGE COMMUNITY GARDEN, FEATURING 68 PLOTS, OVER 30 FRUIT TREES AND GRAPE VINES, AND AN OUTDOOR KITCHEN AND EDUCATION AREA. THESE PUBLICLY ACCESSIBLE COMMUNITY SPACES PROVIDE A PLACE TO GROW FOOD, EXPRESS AND SHARE CREATIVITY,DEMONSTRATE SUSTAINABLE PRACTICES, SHARE KNOWLEDGE AND BUILD COMMUNITY CONNECTIVITY.

    Expenses $152,329 · Revenue $186,145

  • CALFRESH AT FARMERS' MARKETS: PROVIDED CALFRESH (SUPPLEMENTAL NUTRITION ASSISTANCE BENEFITS) PROCESSING SERVICES FOR 9 FARMERS' MARKETS, AND TECHNICAL ASSISTANCE TO AN ADDITIONAL 12 PARTNER MARKETS AND FARM STANDS, TO ENSURE THAT LOW-INCOME POPULATIONS HAVE EQUITABLE ACCESS TO HEALTHY FOOD. ALCHEMIST ALSO IMPLEMENTED THE MARKET MATCH INCENTIVE PROGRAM, THAT MATCHED CALFRESH BENEFITS SPENT AT FARMERS' MARKETS WITH ADDITIONAL FUNDS TO PURCHASE FRESH FRUITS AND VEGETABLES FROM CALIFORNIA FARMERS. MARKET MATCH EMPOWERS LOW-INCOME SHOPPERS TO MAKE HEALTHY FOOD CHOICES BY OVERCOMING FINANCIAL BARRIERS. IN 2024, ALCHEMIST CDC PROCESSED 45,576 CALFRESH TRANSACTIONS, AND FACILITATED THE DISTRIBUTION OF 798,231 IN CALFRESH BENEFITS, AND 802,824 IN MARKET MATCH INCENTIVES TO LOW-INCOME HOUSEHOLDS (COMBINED ALCHEMIST CDC AND PARTNER MARKETS).

    Expenses $380,313 · Revenue $515,445

  • COMMUNITY FOOD CONNECTIONS (CFC): PROVIDED FOOD ACCESS SUPPORT TO 296 FAMILIES IDENTIFIED BY SACRAMENTO UNIFIED SCHOOL DISTRICT (SCUSD) STAFF AS FOOD, HOUSING, AND/OR TRANSPORTATION INSECURE ENROLLED IN 47 SCUSD SCHOOLS (1,289 PEOPLE SUPPORTED MONTHLY, 60% WERE CHILDREN). THIS INCLUDED 23,367 IN FRESH SEASONAL PRODUCE PROCURED FROM LOCAL FARMERS, WHICH WAS DISTRIBUTED TO TARGETED FOOD-INSECURE FAMILIES. SPEARHEADED A PROJECT TO IMPACT FOOD SECURITY SCHOOL-WIDE BY INCREASING PARTICIPATION IN SCHOOL-PROVIDED BREAKFAST, WHILE EXPANDING PROGRAM CAPACITY TO PROVIDE TARGETED SCHOOL-BASED AND HOME DELIVERY OF FOOD BOXES, FOCUSED ON VULNERABLE SUBGROUPS, IDENTIFYING IMPROVEMENT OPPORTUNITIES FOR THE SCUSD NUTRITION SERVICES TEAM. ADDITIONALLY, LAUNCHED COMMUNITY MEALS, A MONTHLY EVENT WHERE UNHOUSED FAMILIES, PART OF THE CITY OF SACRAMENTO PROJECT HOMEKEY MOTEL VOUCHER PROGRAM, ARE OFFERED NUTRITIOUS MEALS THAT CAN BE REPLICATED WITH THEIR LIMITED RESOURCES, WHILE HELPING THEM CONNECT WITH OTHER RESOURCES TO HELP THEM MEET THEIR BASIC NEEDS. COMMUNITY VOLUNTEERS AND STUDENTS SUPPORTED CFC PROVIDING OVER 2,104 HOURS TO PACK, DELIVER AND/OR SUPPORT THE EVENT LOGISTICS AT THE COMMUNITY MEALS. DISTRIBUTED 42,000 POUNDS OF FOOD IN 2024. ALCHEMIST KITCHEN: ALCHEMIST KITCHEN IS A FOOD BUSINESS INCUBATOR FOCUSING ON ENTREPRENEURS FROM LOW-INCOME BACKGROUNDS AND UNDER-RESOURCED COMMUNITIES. IN 2024, THE PROGRAM SERVED 64 BUSINESSES. SINCE THE PROGRAM'S INCEPTION, THE ENTREPRENEURS WE'VE SERVED ARE 73% ENTREPRENEURS OF COLOR, 63% LOW-INCOME, 63% FEMALE, 21% LGBTQIA+, 18% ENTREPRENEURS WITH A DISABILITY AND 3% VETERANS. THE ALCHEMIST MICROENTERPRISE ACADEMY (AMA) IS A 12-WEEK FOOD BUSINESS TRAINING PROGRAM COVERING FUNDAMENTAL TOPICS FOR STARTING AND GROWING A FOOD BUSINESS. IN 2024 WE GRADUATED 31 BUSINESSES ACROSS TWO COHORTS WITH EACH COHORT OF AMA HAVING OVER 48 HOURS OF INSTRUCTION AND 25 GUEST INSTRUCTORS. THE ALCHEMIST KITCHEN INCUBATOR PROGRAM (AKIP) PROVIDES ONE-ON-ONE SUPPORT, GOAL PLANNING, CONNECTIONS TO RESOURCES AND OPPORTUNITIES, AND REDUCED-RENT AT COMMERCIAL KITCHEN SPACES FOR PARTICIPATING FOOD BUSINESSES. IN 2024 WE GREW THE NUMBER OF BUSINESSES IN THE INCUBATOR PROGRAM TO 28, PROVIDING THEM A COMBINED TOTAL OF OVER 600 HOURS OF 1-ON-1 TECHNICAL ASSISTANCE. INCUBATOR PROGRAM PARTICIPANTS USED OVER 1,500 HOURS AT ALCHEMIST KITCHEN (SHARED COMMERCIAL KITCHEN SPACE), AND HAD A COMBINED TOTAL OF OVER 980,000 IN SALES. ALCHEMIST PUBLIC MARKETS: ALCHEMIST PUBLIC MARKET IS A FORTHCOMING COMMUNITY HUB IN SACRAMENTO'S RIVER DISTRICT. THE SITE WILL FEATURE A CAF, CORNER MARKET, A SHARED-USE KITCHEN, COWORKING SPACE, FOOD PODS, AND ALL-ELECTRIC TRAILER INCUBATORS THAT WILL SUPPORT EMERGING FOOD ENTREPRENEURS FROM OUR ALCHEMIST KITCHEN PROGRAMS. ALONGSIDE RETAIL AND DINING SPACES, THE MARKET WILL HOUSE ALCHEMIST WORKFORCE ACADEMY, A NEW PROGRAM OFFERING RESTAURANT AND HOSPITALITY TRAINING AND CAREER PATHWAYS FOR PARTICIPANTS FACING BARRIERS TO EMPLOYMENT. TOGETHER, THESE ELEMENTS CREATE A SPACE THAT BLENDS ENTREPRENEURSHIP, WORKFORCE DEVELOPMENT, AND FOOD ACCESS IN A SINGLE, INCLUSIVE DEVELOPMENT. IN 2024, WE ADVANCED ALCHEMIST PUBLIC MARKET FROM CONCEPT TO SCHEMATIC DESIGN AND, BY YEAR'S END, INTO DESIGN DEVELOPMENT, WHILE RECALIBRATING PLANS IN RESPONSE TO RISING COSTS AND SHIFTING PROGRAM NEEDS. BUDGETS WERE MOST IMPACTED BY INCREASES IN GENERAL CONSTRUCTION COSTS, FEARS OF TARIFFS AND AN UNSTABLE ECONOMY, AND HIGHER PREVAILING WAGE REQUIREMENTS. ONE KEY ADJUSTMENT MADE TO KEEP THE PROJECT FINANCIALLY VIABLE INCLUDED SHIFTING DESIGNS TOWARD THE INCLUSION OF ALL-ELECTRIC TRAILERS AND FOUR FOOD PODS, RATHER THAN EIGHT FULLY BUILT PODS. AT THE SAME TIME, ALCHEMIST MADE THE STRATEGIC DECISION TO OPERATE WORKFORCE DEVELOPMENT AND THE CAF, BAR, AND MARKET DIRECTLY IN-HOUSE RATHER THAN RELY ON A THIRD-PARTY OPERATOR, STRENGTHENING ALIGNMENT WITH ITS MISSION AND LONG-TERM FINANCIAL SUSTAINABILITY. BY SUMMER, A CONSTRUCTION MANAGER HAD BEEN HIRED TO CONSULT OUR TEAM ON DEVELOPER DECISIONS, CONSTRUCTION FENCING SECURED THE SITE, CALIFORNIA JOBS FIRST GRANT ADVANCE FUNDS WERE DEPOSITED, AND PLANNING WITH SMUD BEGAN AROUND ELECTRIFICATION AND EFFICIENCY. RIVER CITY BANK APPROVED THE CREATION OF A MICRO-LENDING PROGRAM TO SERVE INCUBATOR PARTICIPANTS, AND ALCHEMIST REFINED OPERATIONAL PLANS TO INTEGRATE ENTREPRENEURIAL SUPPORT WITH COMMUNITY-SERVING RETAIL. IN THE FALL, ENTITLEMENT DOCUMENTS WERE SUBMITTED TO THE CITY OF SACRAMENTO, AND A CEQA EXEMPTION WAS SECURED. COMMUNITY VISIBILITY GREW THROUGH A RIVER DISTRICT FORUM, PARTNERSHIPS WITH KAISER PERMANENTE AND AMERICORPS NCCC, AND EXPANDED COLLABORATIONS TO STRENGTHEN THE MARKET'S EVENTUAL ROLE IN THE COMMUNITY. WHILE COSTS AND TIMELINES REMAINED CHALLENGING, BY YEAR'S END ALCHEMIST HAD REGAINED MOMENTUM, SECURED CRITICAL APPROVALS, AND LAID A CLEAR PATH TOWARD PERMITTING, BIDDING, AND THE LAUNCH OF CONSTRUCTION IN 2025. OTHER PROGRAMS: PARTICIPATED IN COLLABORATIVE PARTNERSHIPS TO DEVELOP AND EXPLORE SOLUTIONS TO IMPROVE REGIONAL FOOD SYSTEMS, COMMUNITY REDEVELOPMENT, AND RELATED HEALTH AND WELLBEING CHALLENGES FOR LOW-INCOME AND UNDER-RESOURCED NEIGHBORHOODS. ADVOCATED FOR SYSTEMS CHANGE IN ORDER TO ADDRESS THESE ISSUES.

    Expenses $655,519 · Revenue $3,356,693

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SARAH DILLON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • ROXANA GARCIA-OCHOA

    VICE- PRESID

    Total calculated
    $0
    Hours/week
    1
  • MATTHEW JOY

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • ANNA TOLLE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • SNEHA CHAND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • EMMA BURKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • SHAWN MAINVILLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • RAVENN MOON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • SAM GREENLEE

    EXECUTIVE DI

    Total calculated
    $100,155
    From this org
    $94,455
    From related orgs
    $0
    Other
    $5,700
    Hours/week
    40

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.0
Source object
202523179349308292

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