Breadcoin Foundation Ltd: FY2023 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 · $461K · in their own filed words · FY2023

01

Breadcoin pays local vendors for Breadcoin redemptions. One hundred and seven thousand nine hundred and eighty six Breadcoins were redeemed in 2023.

$409Kprogram 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.

$52Kprogram 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$565K

Ln 12

Gifts and grantsLn 1h$442K

Fees for servicesLn 2g$119K

Investment incomeLn 3$3K

Money outPt IX

$574K

Ln 25

Programscol B$461K

Managementcol C$95K

Fundraisingcol D$18K

Owns and owesPt X

$322K

net assets · Ln 32

Cash and savingsLn 1–2$362K

Total assetsLn 16$502K

LiabilitiesLn 26$180K

PeoplePt VI, VII

10

listed · VII A

PaidVII A2

Voting boardVI 1a9

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$442K

Fees for servicesLn 2g$119K

Investment incomeLn 3$3K

Total revenueLn 12$565K

Assets in detailPt X, end of year

CashLn 1$362K

Cash and savings togetherLn 1–2$362K

Land, buildings, equipmentLn 10c$7K

Other assetsLn 15$18K

Total assetsLn 16$502K

LiabilitiesLn 26$180K

Net assetsLn 32$322K

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 FY23	End FY23
Cash and savingsLn 1–2	$372K	$362K
Land, buildings, equipmentLn 10c	$7K	$7K
Total assetsLn 16	$479K	$502K
LiabilitiesLn 26	$147K	$180K
Net assetsLn 32	$332K	$322K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$105K	$72K	$20K	$14K
Pension plan contributionsLn 8	$3K	$2K	$640	$233
Other employee benefitsLn 9	$2K	$1K	$405	$161
Payroll taxesLn 10	$8K	$6K	$2K	$1K
Other fees for servicesLn 11g	$107K	$54K	$52K	$500
Office expensesLn 13	$4K	$2K	$1K	$257
Information technologyLn 14	$7K	$2K	$3K	$2K
OccupancyLn 16	$10K	$5K	$5K	$0
TravelLn 17	$2K	$2K	$0	$0
Conferences, conventions and meetingsLn 19	$1K	$1K	$0	$0
Depreciation, depletion and amortizationLn 22	$2K	$1K	$332	$0
InsuranceLn 23	$2K	$0	$2K	$0
Other expenses (24a–d)Ln 24	$320K	$312K	$8K	$53
Total functional expensesLn 25	$574K	$461K	$95K	$18K

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 Viewing	$565K	$574K	−$9K	$322K	990 PDF
FY2022	$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 FY2023 990 (6 parts)

Part I · Summary $564,652 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $402,831$442,362

I-9 Program service revenuePrior year $65,020$119,350

I-10 Investment incomePrior year $240$2,940

I-11 Other revenue$0

I-12 Total revenuePrior year $468,091$564,652

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $23,487$118,869

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $304,438$454,769

I-18 Total expensesPrior year $327,925$573,638

I-19 Revenue less expensesPrior year $140,166−$8,986

Part VI · Governance 8 of 9 board members independent, 1 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members8

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 $564,652 across 5 lines filed

VIII-1f All other contributions, gifts and grants$442,362

VIII-1h Total contributions, gifts and grants$442,362

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$119,350

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $2,940$2,940

VIII-12 Total revenueRelated to mission $119,350 · Unrelated business $0 · Excluded from tax $2,940$564,652

Part IX · Statement of functional expenses $573,638 across 13 lines filed

IX-7 Other salaries and wagesPrograms $71,737 · Management $20,073 · Fundraising $13,556$105,366

IX-8 Pension plan contributionsPrograms $2,326 · Management $640 · Fundraising $233$3,199

IX-9 Other employee benefitsPrograms $1,459 · Management $405 · Fundraising $161$2,025

IX-10 Payroll taxesPrograms $5,574 · Management $1,656 · Fundraising $1,049$8,279

IX-11g Other fees for servicesPrograms $54,395 · Management $52,160 · Fundraising $500$107,055

IX-13 Office expensesPrograms $2,153 · Management $1,244 · Fundraising $257$3,654

IX-14 Information technologyPrograms $1,566 · Management $3,096 · Fundraising $2,098$6,760

IX-16 OccupancyPrograms $5,102 · Management $5,102 · Fundraising $0$10,204

IX-17 TravelPrograms $2,133 · Management $0 · Fundraising $0$2,133

IX-19 Conferences, conventions and meetingsPrograms $1,270 · Management $0 · Fundraising $0$1,270

IX-22 Depreciation, depletion and amortizationPrograms $1,330 · Management $332 · Fundraising $0$1,662

IX-23 InsurancePrograms $0 · Management $2,087 · Fundraising $0$2,087

IX-24 Other expenses (24a–d)Programs $312,097 · Management $7,794 · Fundraising $53$319,944

IX-25 Total functional expensesPrograms $461,142 · Management $94,589 · Fundraising $17,907$573,638

Part X · Balance sheet $502,065 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $372,179$361,575

X-4 Accounts receivableStart of year $20,507$19,419

X-8 Inventories for sale or useStart of year $75,756$92,344

X-9 Prepaid expenses and deferred chargesStart of year $1,180$1,970

X-10c Land, buildings and equipment, netStart of year $7,495$7,258

X-14 Intangible assetsStart of year $1,500$1,950

X-15 Other assets$17,549

X-16 Total assetsStart of year $478,617$502,065

X-17 Accounts payable and accrued expensesStart of year $33,080$10,589

X-25 Other liabilitiesStart of year $113,795$169,245

X-26 Total liabilitiesStart of year $146,875$179,834

X-27 Net assets without donor restrictionsStart of year $291,742$296,552

X-28 Net assets with donor restrictionsStart of year $40,000$25,679

X-32 Total net assets or fund balancesStart of year $331,742$322,231

X-33 Total liabilities and net assetsStart of year $478,617$502,065

Part XI · Reconciliation of net assets $322,231 net assets at year end

XI-1 Total revenue$564,652

XI-2 Total expenses$573,638

XI-3 Revenue less expenses−$8,986

XI-4 Net assets at start of year$331,742

XI-5 Net unrealized gains (losses) on investments−$525

XI-10 Net assets at end of year$322,231

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Breadcoin Foundation Ltd FY2023 filing

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