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Nonprofiteer
← FAIR FOOD FUND

Form 990 for tax year 2024

Filed by FAIR FOOD FUND.

Totals

Total revenue
$108,436
Total expenses
$183,277
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,206
Investment income
$110,255
Other revenue
-$3,025
Total assets, end of year
$4,492,463
Total liabilities, end of year
$3,345,970
Net assets or fund balances, end of year
$1,146,493
Program services expenses (Part IX)
$183,277
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$183,277

Program services were 100.0% 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.

  • 2a · Program service revenue: SERVICE FEES

    total $1,206 · related or exempt $1,206

  • 3 · Investment income

    total $110,255 · related or exempt $110,255

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: K-1 RADICLE

    total -$547 · related or exempt -$547

  • 11b · Other revenue: K-1 NYDC

    total -$7,165 · related or exempt -$7,165

  • 11c · Other revenue: K-1 FRESH SOURCE CAPITA

    total -$21,464 · related or exempt -$21,464

  • 11d · All other revenue

    total $26,151 · related or exempt $26,151

  • 11e · Other revenue, total

    -$3,025

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $644 · program services $644

  • 20 · Interest

    total $1,525 · program services $1,525

  • 24a · Other expenses: BAD DEBTS

    total $181,108 · program services $181,108

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $514,022 · end of year $463,922

  • 3 · Pledges and grants receivable

    beginning of year $30,715 · end of year $20,000

  • 13 · Investments: program-related

    beginning of year $4,022,568 · end of year $4,008,541

  • 25 · Other liabilities

    beginning of year $3,345,971 · end of year $3,345,970

  • 27 · Net assets without donor restrictions

    beginning of year $1,221,334 · end of year $1,146,493

Mission and programs · 2024

Mission

TO BUILD A MORE SUSTAINABLE FOOD SYSTEM BY MAKING INVESTMENTS IN FOOD ENTERPRISES THAT ADVANCE HEALTHY FOOD ACCESS, JOB CREATION, FAMILY FARM VIABILITY, AND GREATER RACIAL AND SOCIAL EQUITY, AND DO NOT HAVE SUFFICIENT ACCESS TO TRADITIONAL FINANCING SOURCES.

  • FAIR FOOD FUND IS AN IMPACT CAPITAL FUND FROM FAIR FOOD NETWORK THAT FUELS ENTREPRENEURSHIP IN THE FOOD SYSTEM BY USING PROJECT-RELATED INVESTMENT (PRI) FUNDS TO MAKE LOANS TO AND EQUITY INVESTMENTS IN BUSINESSES THAT CONNECT FARMERS WITH DEMAND FOR LOCAL, SUSTAINABLY GROWN FOOD. THE PROGRAM CURRENTLY ENCOMPASSES SIX EQUITY INVESTMENTS AND FIFTEEN LOANS.

    Expenses $183,277

As filed on the 2024 return.

Listed in Part VII

  • Kate Krauss

    CEO

    Total calculated
    $235,336
    From this org
    $235,336
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $235,336
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $235,336

  • Gary Appel

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dan Warmels

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • W Dewayne Wells

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503189349314895

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