Public Charity

FOODCHAIN INC

FOODCHAIN INC is a Public Charity headquartered in LEXINGTON, KY. Financial data from the 2024 filing: $2.1M revenue, $1.8M expenses, $1.2M total assets. 29 publicly reported grants to this organization, totaling roughly $1.3M, appear in IRS filings.

EIN: 454088193 LEXINGTON, KY Food Programs NTEE: K30 Latest filing: 2024
Total Revenue$2.1M
Total Expenses$1.8M
Total Assets$1.2M
Grant Records29
Funding Total$1.3M
Filing Years2019–2024

Mission

FOODCHAIN IS LOCATED IN THE HEART OF AN URBAN FOOD DESERT, WHICH CONSTITUTES A LOW-INCOME CENSUS TRACT THAT IS FURTHER THAN 1 MILE FROM A GROCERY STORE, WHERE RESIDENTS STRUGGLE WITH BOTH ACCESS TO NUTRITIOUS, WHOLESOME INGREDIENTS AS WELL AS THE FOOD LITERACY THAT ACCOMPANIES A DIET HIGH IN THESE COMPONENTS. AS A CONSEQUENCE, FOODCHAIN AIMS TO FORGE LINKS BETWEEN OUR COMMUNITY RESIDENTS AND FRESH FOOD WITH EDUCATION AND DEMONSTRATION OF WAYS IN WHICH FRESH FOOD CAN BE GROWN, ACQUIRED, AND/OR PREPARED IN ORDER TO IMPROVE THE LONG-TERM HEALTH OUTCOMES OF THIS HIGH-RISK POPULATION, ENCOURAGING A MORE ROBUST LOCAL FOOD ECONOMY, AND RESULTING IN A MORE RESILIENT COMMUNITY. OUR MODEL, WHICH WE BELIEVE IS REPLICABLE IN COMMUNITIES AROUND THE COUNTRY, COMBINES UNIQUE OPERATIONS, INLUDING AN INDOOR AQUAPONICS FARM AND A TEACHING AND PROCESSING KICHEN.

Where $100 goes at Foodchain Inc

How Foodchain Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$86 Programs the work itself
$11 Management running the organization
$3 Fundraising raising the next dollar

Inside the $86 for programs

$48
While one answer to the limited access of our fresh food is to increase its availability through retail, Foodchain believes it is even more empowering to start at…
56% of program spending
$38
Many of Foodchain's neighbors rely on dollar stores and convenience marts for their weekly shopping, with limited funds and transportation available to get to higher quality stores with…
44% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Agnes Marerro
DIRECTOR Anne Cook English
DIRECTOR Asona Mcmullen
DIRECTOR & TREASURER Bo Milburn
DIRECTOR Christina Yue
DIRECTOR Emily Spencer

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,264,900 22 grants
Food Assistance & Nutrition
$22,500 2 grants
Human & Social Services
$22,250 3 grants
Unspecified
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $2.1M $1.8M $1.2M
2023 $1.4M $1.6M $876K
2022 $1.2M $1.1M $1.1M
2020 $1.3M $1.1M $960K
2019 $487K $332K $760K

Between 2019 and 2024, reported annual revenue grew from $487K to $2.1M (+337%), with total assets most recently reported at $1.2M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for FOODCHAIN INC

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