Breadcoin Foundation Ltd: FY2022 Nonprofit Profile & Form 990 (EIN 82-3636054)

Scott Borger’s $90K as CEO is at the 42nd percentile of top reported officer pay among 819 $1–10M 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.

Compensation history total reportable pay by year · 4 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2020
Scott Borger	$90,000	$23,803	—	—
William Spence	—	$15,873	$24,000	$6,000
Cary Umhau	—	—	$21,000	—
Jay Baylor	—	—	—	$3,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides a food token to help people work together to address hunger.

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2 programs · $282K · in their own filed words · FY2022

01

Breadcoin pays local vendors for Breadcoin redemptions. Sixty eight thousand two hundred and thirty two Breadcoins were redeemed in 2022.

$234Kprogram expense

02

Community Network Contractors

paid to allow contractors to spend time in neighborhoods, buiding relationships with vendors and other partners, significantly contributing towards increase in vendor and donor participation.

$47Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Fidelity Investments Charitable Gift FundFY2024$60K

Gloria Dei Foundation INCFY2024$45K

Natl Christian Charitable Fdn INCFY2024$27K

American Online Giving Foundation INCFY2024$26K

Donor Advised Charitable Giving INCFY2024$25K

National Philanthropic TrustFY2024$25K

Vanguard Charitable Endowment ProgramFY2024$10K

Charities Aid Foundation AmericaFY2024$10K

Total grants receivedfrom 10 funders$235K

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By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$468K

Ln 12

Gifts and grantsLn 1h$403K

Fees for servicesLn 2g$65K

Investment incomeLn 3$240

Money outPt IX

$328K

Ln 25

Programscol B$282K

Managementcol C$44K

Fundraisingcol D$2K

Owns and owesPt X

$332K

net assets · Ln 32

Cash and savingsLn 1–2$372K

Total assetsLn 16$479K

LiabilitiesLn 26$147K

PeoplePt VI, VII

9

listed · VII A

PaidVII A2

Voting boardVI 1a8

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$403K

Noncash giftsLn 1g$2K

Fees for servicesLn 2g$65K

Investment incomeLn 3$240

Total revenueLn 12$468K

Assets in detailPt X, end of year

CashLn 1$372K

Cash and savings togetherLn 1–2$372K

Land, buildings, equipmentLn 10c$7K

Other assetsLn 15$2K

Total assetsLn 16$479K

LiabilitiesLn 26$147K

Net assetsLn 32$332K

OperationsPt I, VI

EmployeesI 50

VolunteersI 660

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$211K	$372K
Land, buildings, equipmentLn 10c		$7K
Total assetsLn 16	$240K	$479K
LiabilitiesLn 26	$893	$147K
Net assetsLn 32	$239K	$332K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$21K	$14K	$7K	$0
Pension plan contributionsLn 8	$630	$420	$210	$0
Other employee benefitsLn 9	$150	$100	$50	$0
Payroll taxesLn 10	$2K	$1K	$569	$0
Management feesLn 11a	$15K	$0	$15K	$0
Legal feesLn 11b	$685	$0	$685	$0
Other fees for servicesLn 11g	$59K	$48K	$11K	$0
Advertising and promotionLn 12	$922	$922	$0	$0
Office expensesLn 13	$2K	$2K	$216	$105
Information technologyLn 14	$3K	$233	$2K	$1K
TravelLn 17	$391	$391	$0	$0
Depreciation, depletion and amortizationLn 22	$817	$654	$163	$0
InsuranceLn 23	$2K	$0	$2K	$0
Other expenses (24a–d)Ln 24	$220K	$214K	$6K	$250
Total functional expensesLn 25	$328K	$282K	$44K	$2K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$1.3M	$368K	$963K	$1.3M	990 PDF
FY2024	$853K	$758K	$95K	$417K	990 PDF
FY2023	$565K	$574K	−$9K	$322K	990 PDF
FY2022 Viewing	$468K	$328K	$140K	$332K	990 PDF
FY2021	$296K	$139K	$157K	$239K	990 PDF
FY2020	$149K			$82K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $468,091 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $266,885$402,831

I-9 Program service revenuePrior year $29,170$65,020

I-10 Investment income$240

I-11 Other revenue$0

I-12 Total revenuePrior year $296,055$468,091

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$23,487

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $138,985$304,438

I-18 Total expensesPrior year $138,985$327,925

I-19 Revenue less expensesPrior year $157,070$140,166

Part VI · Governance 7 of 8 board members independent, 1 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members7

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $468,091 across 6 lines filed

VIII-1f All other contributions, gifts and grants$402,831

VIII-1g Noncash contributions (included above)$2,411

VIII-1h Total contributions, gifts and grants$402,831

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$65,020

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $240$240

VIII-12 Total revenueRelated to mission $65,020 · Unrelated business $0 · Excluded from tax $240$468,091

Part IX · Statement of functional expenses $327,925 across 14 lines filed

IX-7 Other salaries and wagesPrograms $14,000 · Management $7,000 · Fundraising $0$21,000

IX-8 Pension plan contributionsPrograms $420 · Management $210 · Fundraising $0$630

IX-9 Other employee benefitsPrograms $100 · Management $50 · Fundraising $0$150

IX-10 Payroll taxesPrograms $1,138 · Management $569 · Fundraising $0$1,707

IX-11a Management feesPrograms $0 · Management $14,849 · Fundraising $0$14,849

IX-11b Legal feesPrograms $0 · Management $685 · Fundraising $0$685

IX-11g Other fees for servicesPrograms $47,775 · Management $11,442 · Fundraising $0$59,217

IX-12 Advertising and promotionPrograms $922 · Management $0 · Fundraising $0$922

IX-13 Office expensesPrograms $1,807 · Management $216 · Fundraising $105$2,128

IX-14 Information technologyPrograms $233 · Management $1,728 · Fundraising $1,308$3,269

IX-17 TravelPrograms $391 · Management $0 · Fundraising $0$391

IX-22 Depreciation, depletion and amortizationPrograms $654 · Management $163 · Fundraising $0$817

IX-23 InsurancePrograms $0 · Management $1,802 · Fundraising $0$1,802

IX-24 Other expenses (24a–d)Programs $214,331 · Management $5,777 · Fundraising $250$220,358

IX-25 Total functional expensesPrograms $281,771 · Management $44,491 · Fundraising $1,663$327,925

Part X · Balance sheet $478,617 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $211,063$372,179

X-4 Accounts receivableStart of year $27,206$20,507

X-8 Inventories for sale or use$75,756

X-9 Prepaid expenses and deferred charges$1,180

X-10c Land, buildings and equipment, net$7,495

X-15 Other assets$1,500

X-16 Total assetsStart of year $240,145$478,617

X-17 Accounts payable and accrued expensesStart of year $893$33,080

X-25 Other liabilities$113,795

X-26 Total liabilitiesStart of year $893$146,875

X-27 Net assets without donor restrictionsStart of year $239,252$291,742

X-28 Net assets with donor restrictionsStart of year $0$40,000

X-32 Total net assets or fund balancesStart of year $239,252$331,742

X-33 Total liabilities and net assetsStart of year $240,145$478,617

Part XI · Reconciliation of net assets $331,742 net assets at year end

XI-1 Total revenue$468,091

XI-2 Total expenses$327,925

XI-3 Revenue less expenses$140,166

XI-4 Net assets at start of year$239,252

XI-8 Prior period adjustments−$47,676

XI-10 Net assets at end of year$331,742

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Breadcoin Foundation Ltd FY2022 filing

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