Feed and Be Fed EIN 81-4833490 Form 990 (PDF) Claim this org

Feed and Be Fed FY2022 filing

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Promotes sustainable farming and community building through urban greenspace, offering recreation and education. For fiscal year 2022 it reported $342K in revenue, $66K in expenses, and $322K in net assets.Pt I

Type
Public charity (501(c)(3)) · Food & Agriculture
Location
San Pedro, CA
Website
www.feedandbefed.org
Filings
2 on file (2022–2022)
Revenue
$342KFY2022
Expenses
$66K
Net assets
$322K
People
10
Filings
2
Updates
0
More identity details & actions ⌄
EIN  81-4833490 Public charity (501(c)(3)) San Pedro, CA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Promotes sustainable farming and community building through urban greenspace, offering recreation and education.
Leadership
Kent Wallace-Megs · Executive Director Hnrf · $14K
Money in and out
$342K revenue, $66K expenses
Bottom line
71% program efficiency
Where the money goes · FY2022
Total revenue
$342K
Pt VIII · Ln 12
Total expenses
$66K
Pt IX · Ln 25
Net assets
$322K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $276K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.20 Fundraising $0.08
Program efficiency
71%
of spending reaches programs
Operating runway
58.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+81%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$342K
FY2022
Total revenue
$342K
Pt VIII · Ln 12
Total expenses
$66K
Pt IX · Ln 25
Net assets
$322K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$276K
Total assetsPt X · Ln 16$324K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $31K of program spending, described in the organization's own filed words · FY2022.
01

Fiscal Receivership for the Harbor Neighborhood Relief Fund

Although financial assistance to local indviduals and organizations struggling with poverty and homelessness is not central to our mission, the feed and be fed downtown garden is ground zero for san pedro's homeless population.

$14Kprogram expense
02

6TH street open garden: two days a week and on the first thursday of every month, our urban garden is open to the public. During these sessions community members, regardless of age or ability, are ivited to relax, play or assist garden staff and volunteers in the planting, maintenence, and harvesting of our organicly grown fruits and…

$9Kprogram expense
03

Feed and Be Fed Youth Education

A significant part of feed and be fed's mission is the education of our community's youth. We are aware that few, if any, participating in our education programs, will become farmers. As voters and consumers however, they will alter the course of our future. We teach with this in mind.

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFeed and Be Fed
EINHdr · item D81-4833490
Principal addressHdr · item CSan Pedro, CA
WebsiteHdr · item Jwww.feedandbefed.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K30)
Ruling yearIRS BMFMar 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director Hnrf
$13,750Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director/Secretary
$0Pt VII · Sec A
Director/President
$0Pt VII · Sec A

Kent Wallace-Megs’s $14K as Executive Director Hnrf is at the 46th percentile of top reported officer pay among 133 <$100K food & agriculture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants$333K · 98%
Other revenue$8K · 2%
Contributions & grants98%$333K
Other revenue2%$8K
Program service revenue$798
Investment income$70
— government grantsLn 1e$307K
Total revenueLn 12$342K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.20 Fundraising $0.08
Program services71%$47K
Management & general20%$13K
Fundraising8%$6K
Total functional expensesLn 25$66K

Balance Sheet

Part X · end of year
CashLn 1$323K
Total assetsLn 16$324K
Total liabilitiesLn 26$2K
Total net assetsLn 32$322K
Months of cash on handcomputed58.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $323K · Operating expenses/yr $66K
58.9 months
Where the money goes
Program services
Program services $47K · Total expenses $66K
71%
Management & General
Management & general $13K · Total expenses $66K
20%
Fundraising
Fundraising $6K · Total expenses $66K
8%
Cost to raise $1
Fundraising expense $6K · Solicited contributions $26K
$0.21 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $333K · Total revenue $342K
98%
Government reliance
Government grants $307K · Total revenue $342K
90%
Earned-income share
Program service revenue $798 · Total revenue $342K
0.2%
Investment reliance
Investment income $70 · Total revenue $342K
+0.02%
Program self-sufficiency
Program service revenue $798 · Total expenses $66K
1%
Growth & trend
Revenue growth (YoY)
This year $342K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $322K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $342K · Expenses $66K
+81%
Liabilities-to-Assets
Total liabilities — · Total assets $324K
Net-asset ratio
Net assets $322K · Total assets $324K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $324K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kent Wallace-Megs · Reported title EXECUTIVE DIRECTOR HNRF · Highest reported compensation $14K · Total expenses $66K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $26K · Total expenses $66K
40%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 20%
Fundraising cost ratio 2%
Legal fee ratio 0.5%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$8K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$65K revenue · ⤓ 990 PDF
FY2023not on file
FY2022$342K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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