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← FEED THE HUNGER FUND

Form 990 for tax year 2024

Filed by FEED THE HUNGER FUND.

Totals

Total revenue
$3,137,194
Total expenses
$1,943,598
Contributions and grants received
$2,618,622
Grants paid
$152,465
Program service revenue
$428,233
Investment income
$90,027
Other revenue
$312
Total assets, end of year
$12,944,473
Total liabilities, end of year
$7,722,871
Net assets or fund balances, end of year
$5,221,602
Program services expenses (Part IX)
$1,469,376
Management and general expenses
$336,863
Fundraising expenses
$137,359
Program service expenses (Part III)
$1,469,376

Program services were 75.6% 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)

    $1,014,507

  • 1f · All other contributions, gifts and grants

    $1,504,115

  • 2a · Program service revenue: MICROLOAN INTEREST

    total $326,730 · related or exempt $326,730

  • 2b · Program service revenue: LOAN FEES

    total $101,503 · related or exempt $101,503

  • 3 · Investment income

    total $90,027 · excluded $90,027

  • 11a · Other revenue: OTHER INCOME

    total $312 · related or exempt $312

  • 11e · Other revenue, total

    $312

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $82,035 · program services $82,035

  • 2 · Grants to domestic individuals

    total $70,430 · program services $70,430

  • 5 · Compensation of officers, directors and key employees

    total $188,748 · program services $47,187 · management and general $66,062 · fundraising $75,499

  • 7 · Other salaries and wages

    total $496,871 · program services $426,746 · management and general $48,268 · fundraising $21,857

  • 9 · Other employee benefits

    total $183,640 · program services $126,941 · management and general $30,623 · fundraising $26,076

  • 10 · Payroll taxes

    total $57,438 · program services $39,704 · management and general $9,578 · fundraising $8,156

  • 11b · Fees: legal

    total $5,062 · program services $3,499 · management and general $844 · fundraising $719

  • 11c · Fees: accounting

    total $175,519 · management and general $175,519

  • 11g · Fees: other

    total $104,364 · program services $104,327 · management and general $37

  • 13 · Office expenses

    total $14,507 · program services $10,545 · management and general $2,140 · fundraising $1,822

  • 14 · Information technology

    total $50,695 · program services $50,695

  • 16 · Occupancy

    total $10,628 · program services $7,347 · management and general $1,772 · fundraising $1,509

  • 17 · Travel

    total $49,731 · program services $49,731

  • 19 · Conferences, conventions and meetings

    total $28,314 · program services $28,314

  • 20 · Interest

    total $73,344 · program services $73,344

  • 22 · Depreciation, depletion and amortization

    total $1,389 · program services $1,389

  • 23 · Insurance

    total $12,118 · program services $8,377 · management and general $2,020 · fundraising $1,721

  • 24a · Other expenses: BAD DEBT RESERVE

    total $338,765 · program services $338,765

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $680,568 · end of year $1,713,620

  • 2 · Savings and temporary cash investments

    beginning of year $4,288,029 · end of year $3,255,873

  • 3 · Pledges and grants receivable

    beginning of year $325,167 · end of year $1,007,427

  • 7 · Other notes and loans receivable

    beginning of year $5,128,550 · end of year $6,933,098

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

    $16,155

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

    $13,614

  • 10c · Land, buildings and equipment, net

    beginning of year $1,041 · end of year $2,541

  • 13 · Investments: program-related

    beginning of year $21,285 · end of year $31,108

  • 15 · Other assets

    beginning of year $806 · end of year $806

  • 17 · Accounts payable and accrued expenses

    beginning of year $236,772 · end of year $121,563

  • 19 · Deferred revenue

    beginning of year $585,474 · end of year $69,149

  • 21 · Escrow or custodial account liability

    beginning of year $760 · end of year $36,106

  • 24 · Unsecured notes and loans payable

    beginning of year $5,591,552 · end of year $7,496,053

  • 27 · Net assets without donor restrictions

    beginning of year $3,211,744 · end of year $3,871,034

  • 28 · Net assets with donor restrictions

    beginning of year $819,144 · end of year $1,350,568

Mission and programs · 2024

Mission

FEED THE HUNGER FUND EXISTS TO CREATE SUSTAINABLE FOOD SYSTEMS THAT NOURISH US ALL. FOCUSING PRIMARILY ON FOOD AND AGRICULTURE RELATED ENTERPRISES OWNED BY LOW-INCOME ENTREPRENEURS AND COMMUNITIES, FTHF PROVIDES ENTREPRENEURS WITH ACCESS TO CAPITAL, TECHNICAL ASSISTANCE AND NETWORKS THAT INCREASE THEIR INCOME AND BUILD THEIR ASSETS.

Activities or mission (Part I)

PROVIDE ENTREPRENEURS WITH ACCESS TO CAPITAL, TECHNICAL ASSISTANCE & NETWORKS TO INCREASE THEIR INCOME & BUILD ASSETS.

  • PLEASE CHANGE TO: FEED THE HUNGER FUND (THE FUND), A CALIFORNIA PUBLIC BENEFIT FINANCE INSTITUTION, 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 AND AGRICULTURE RELATED ENTERPRISES PREDOMINANTLY OWNED BY LOW INCOME DISADVANTAGED ENTREPRENEURS AND BUSINESS OWNERS, THE FUND EXISTS TO CREATE HEALTHY AND SUSTAINABLE REGIONAL FOOD SYSTEMS THAT NOURISH US ALL. THE FUND RECEIVES ITS FUNDING AND INVESTMENTS THROUGH THE FEDERAL AND STATE GOVERNMENT, FOUNDATIONS AND INDIVIDUALS. BY 2024, THE FUND HAD MADE $17.4 MILLION IN SMALL BUSINESS AND MICROLOANS IN CALIFORNIA AND HAWAII AND PROVIDED TECHNICAL ASSISTANCE TO CREATE AND RETAIN JOBS.

    Expenses $1,469,376 · Grants $152,465 · Revenue $428,545

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

Listed in Part VII

  • PATRICIA CHANG

    CEO

    Total calculated
    $233,878
    From this org
    $188,748
    From related orgs
    $0
    Other
    $45,130
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,748
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $45,130
    Filer's total
    $233,878

  • MARK MURAKAMI

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3

  • MARIA SOLEDAD TEH

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • VIVIAN PHAM

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • LETICIA CORONA

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • PHILIP BACCHUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • EUNIZE AZZANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRETT MELONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • AVARY MAUNAKEA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • AARON ELLIS

    DIRECTOR OF LENDING & PROGRAMS

    Total calculated
    $112,534
    From this org
    $103,875
    From related orgs
    $0
    Other
    $8,659
    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. 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

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.2
Source object
202543029349302364

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