FAMILYFARMED DBA GOOD FOOD CATALYST

EIN: 364095287 501(c)(3) Environment

CHICAGO, IL

Total Revenue
$789,513
Total Expenses
$996,877
Total Assets
$518,702
Net Assets
$368,392
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
IL
Principal Officer
ANUBHAV GOEL
Phone
3128747360
Tax Period
2022-01-01 to 2022-12-31

FAMILYFARMED DBA GOOD FOOD CATALYST, founded in 1996, is a small nonprofit in the Environment sector that reported $790K in total revenue in fiscal year 2022. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $997K exceeded revenue, resulting in a 26% operating deficit.

Mission

FAMILYFARMED IS A NON-PROFIT ORGANIZATION COMITTED TO EXPANDING THE PRODUCTION, MARKETING AND DISTRIBUTION OF LOCALLY GROWN AND RESPONSIBLY PRODUCED FOOD, IN ORDER TO ENHANCE THE SOCIAL, ECONOMIC, AND ENVIRONMENTAL HEALTH OF OUR COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $622,768 Revenue: $8,507

MARKET DEVELOPMENT: CREATING NEW MARKETS FOR FAMILY FARMERS IS KEY TO BUILDING LOCAL FOOD SYSTEMS AS MORE THAN 99% OF AGRICULTURAL PRODUCTS CONSUMED IN UNITED STATES ARE PURCHASED THROUGH WHOLESALE...

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MARKET DEVELOPMENT: CREATING NEW MARKETS FOR FAMILY FARMERS IS KEY TO BUILDING LOCAL FOOD SYSTEMS AS MORE THAN 99% OF AGRICULTURAL PRODUCTS CONSUMED IN UNITED STATES ARE PURCHASED THROUGH WHOLESALE CHANNELS. THE ORGANIZATION'S CURRENT MARKET DEVELOPMENT INITIATIVES INCLUDE: 1.FARMER TRAINING: FAMILYFARMED HAS PLAYED AN IMPORTANT ROLE IN HELPING FARMERS SUCCEED WITH A COMPREHENSIVE PROGRAM AND MANUALS THAT HAVE TRAINED MORE THAN 13,700 FARMERS IN 43 STATES. THE PROGRAM INCLUDES OUR WHOLESALE SUCCESS AND DIRECT MARKET SUCCESS MANUALS AND OUR FOOD SAFETY BINDERS, AND IS DESIGNED TO HELP SMALL AND MID-ACREAGE FRUIT AND VEGETABLE FARMERS WITH ONE OF THE BIGGEST CHALLENGES THEY FACE: GROWING THEIR BUSINESS. THIS PROGRAM GIVES FARMERS THE RESOURCES AND TOOLS THEY NEED TO MAKE SURE THEIR PRODUCE IS OF THE HIGHEST QUALITY, TO MANAGE FOOD SAFETY AND OTHER RISKS, AND TO NURTURE THE RELATIONSHIPS WITH CUSTOMERS THAT THEY NEED TO BE SUCCESSFUL. EACH TRAINING WORKSHOP CAN BE CUSTOMIZED TO MEET LOCAL GROWN NEEDS. 2. LOCAL FOOD PROCUREMENT: FAMILYFARMED WORKS TO BUILD THE OVERALL SUPPLY CHAIN OF LOCAL FOOD BY PROVIDING TECHNICAL ASSITANCE TO FARMERS, CONNECTING WHOLESALE BUYERS WITH PRODUCERS, AND HELPING TO CREATE INFRASTRUCTURE THAT SUPPORTS THE GROWTH OF THESE SYSTEMS. FAMILYFARMED WORKS WITH MANY LEADING BUYES OF LOCAL FOOD, INCLUDING WHOLE FOODS MAFKET, CHIPOTLE, TREASURE ISLAND, LOCAL FOODS, NATURE'S PATH, PATAGONIA, US FOODS, KEHE, UNFI, MARIANO'S, ILLINOIS RESTAURANT ASSOCIATION, FORTUNE FISH & GOURMET, CENTRAL GROCERS, ANTHONY MARANO & COMAPNY, COMPASS GROUP, CHICAGO PUBLIC SCHOOLS, MCCORMICK PLACE CONVENTION CENTER, TESTA PRODUCE, ARAMARK, FARMLOGIX, MIDWAY AIRPORT, LETTUCE ENTERTAIN YOU, AND NATURAL DIRECT, PLUS MANY OTHER SUPERMARKETS AND RESTAURANTS, TO CONNECT THEM WITH LOCAL FOOD SOURCES. MCCORMICK PLACE, THE LARGEST CONVENTION CENTER IN UNITED STATES, ANNOUNCED ITS INTENTION TO BUY GOOD FOOD AT THE ORGANIZATION'S TRADE SHOW AND NOW BUYS MORE THAN 40 PERCENT OF ITS FOOD FROM LOCAL AND OR SUBSTAINABLE SOURCES. 3. ORGANIC GRAIN PROMOTIONAL INITIATIVE: THE ORGANIC GRAIN PROMOTION INITIATIVE ("OGPI") WILL SUPPORT FARMERS IN PRODUCING AND SELLING ORGANIC GRAINS, MILLED FLOURS AND LEGUMES IN THE MIDWEST REGION. OGPI WILL CONNECT BUYERS TO PRODUCERS IN ORDER TO INCREASE LOCAL PRODUCTION, INFRASTRUCTURE, SUPPLY AND PURCHASING , AS WELL AS SUPPORT FARMERS IN INCREASING EXISTING ORGANIC ACREAGE OR TRANSITIONING TO ORGANIC.

Program 2
Revenue: $13,339

GOOD FOOD ACCELERATOR: THE GOOD FOOD ECCELERATOR, LAUNCHED BY FAMILYFARMED BY 2014, PROVIDES COMPETITIVELY SELECTED FELLOWS WITH A SIX-MONTH CIRRICULUM, MENTORING, STRATEGIC AND TECHNICAL SUPPORT...

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GOOD FOOD ACCELERATOR: THE GOOD FOOD ECCELERATOR, LAUNCHED BY FAMILYFARMED BY 2014, PROVIDES COMPETITIVELY SELECTED FELLOWS WITH A SIX-MONTH CIRRICULUM, MENTORING, STRATEGIC AND TECHNICAL SUPPORT, NETWORKING OPPORTUNITIES AND ACCESS TO PROVIDERS OF CAPITAL OR LOANS FOR NEW OR GROWING GOOD FOOD BUSINESSES. FELLOWS PARTICIPATE IN A PROGRAM THAT BUILDS BUSINESS SKILLS, PAIRS THEN WITH INDUSTRY-LEADING MENTORS, AND CONNECTS THEM TO POTENTIAL CUSTOMERS AND INVESTORS.

Program 3

GOOD FOOD EXPO AND FINANCING & INNOVATION CONFERENCE: FAMILYFARMED'S MAJOR ANNUAL EVENT TO ADVANCE THE GOOD FOOD MOVEMENT, BEGAN IN 2004 AS THE LOCAL ORGANIC TRADE SHOW, THE FIRST EVENT OF ITS KIND...

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GOOD FOOD EXPO AND FINANCING & INNOVATION CONFERENCE: FAMILYFARMED'S MAJOR ANNUAL EVENT TO ADVANCE THE GOOD FOOD MOVEMENT, BEGAN IN 2004 AS THE LOCAL ORGANIC TRADE SHOW, THE FIRST EVENT OF ITS KIND. THE EVENT HAS BEEN FOUNDATIONAL IN BUILDING LOCAL FOOD INFRASTRUCTURE AND CREATING LASTING RELATIONSHIPS THAT HAVE HELPED PUSH THE GOOD FOOD MOVEMENT FORWARD. A DECADE AND MORE LATER, THE DEMAND FOR LOCAL FOOD IS GREATER THAN THE SUPPLY, EVERYONE IS MORE CONSCIOUS OF WHERE OUR FOOD COMES FROM, AND LARGE BUYERS INCLUDING GROCERY STORES, DISTRIBUTORS AND INSTITUTIONS ARE RUSHING TO KEEP UP WITH THE RAPIDLY CHANGING MARKETPLACE. THIS IMPACTFUL EVENT CONNECTS ALL PARTS OF GOOD FOOD MOVEMENT BY PROVIDING IN-DEPTH PROGRAMMING THAT HELPS GROW LOCAL FOOD PROCUREMENT CAPACITY, EDUCATING THE PUBLIC ABOUT THE IMPORTANCE AND IMPACT OF GOOD FOOD, ENGAGING LOCAL SCHOOL DISTRICTS AND DISCUSSING LOCAL, STATEWIDE AND NATIONAL FOOD POLICY. NOW THE OLDEST AND LARGEST GATHERING FOCUSED ON LOCALLY AND SUSTAINABLY PRODUCED FOOD. THIS EVENT HAS BEEN REBRANDED AS THE GOOD FOOD EXPO AFTER RUNNING FOR SEVERAL YEARS AS THE GOOD FOOD FESTIVAL & CONFERENCE, . THE EVENT HAS BEEN FOUNDATIONAL IN BUILDING LOCAL FOOD INFRASTRUCTURE AND CREATING LASTING RELATIONSHIPS THAT HAVE HELPED PUSH THE GOOD FOOD MOVEMENT

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $767,667
Program Service Revenue $13,339
Investment Income $0
Other Revenue $8,507
TOTAL REVENUE $789,513

Expense Breakdown

Grants Paid $0
Salaries & Benefits $698,347
Fundraising Expenses $165,044
Program Expenses $622,768
Other Expenses $298,530
TOTAL EXPENSES $996,877

Year-over-Year Comparison

2022 2021 Change
Revenue $789,513 $1,217,537 -0.4%
Expenses $996,877 $1,070,401 -0.1%
Net Income $-207,364 $147,136 -2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
8
Employees
11
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$133,490
Total Directors
9
$90,790
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES SLAMA FOUNDER & DIRECTOR 50.00
Director
$90,790 $0 $90,790
ANUBHAV GOEL CHAIR 5.00
Officer Director
$0 $0 $0
JENNY YANG TREASURER 5.00
Officer Director
$0 $0 $0
J JOHNSON DIRECTOR 5.00
Officer Director
$0 $0 $0
JENNIFER AMDUR SPITZ DIRECTOR 5.00
Director
$0 $0 $0
LUKE SAUNDERS DIRECTOR 5.00
Director
$0 $0 $0
JAVIER DIRECTOR 5.00
Director
$0 $0 $0
JOEL FARRAN DIRECTOR 5.00
Director
$0 $0 $0
EDWIN MCDONALD DIRECTOR 5.00
Director
$0 $0 $0
SHELBY PARCHMAN CEO 40.00
Officer
$133,490 $0 $133,490
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $789,513 $996,877 $518,702 $-207,364
2021 $1,217,537 $1,070,401 $618,216 $147,136
2020 $1,437,019 $1,142,597 $647,343 $294,422
2019 $1,438,398 $1,569,980 $265,305 $-131,582
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