Breadcoin Foundation Ltd: FY2024 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 · $617K · in their own filed words · FY2024

01

Breadcoin pays local vendors for Breadcoin redemptions. One hundred and twenty seven thousand six hundred and fifty four Breadcoins were redeemed in 2024.

$579Kprogram 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.

$37Kprogram 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 FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$853K

Ln 12

Gifts and grantsLn 1h$701K

Fees for servicesLn 2g$147K

Investment incomeLn 3$5K

Money outPt IX

$758K

Ln 25

Programscol B$617K

Managementcol C$115K

Fundraisingcol D$26K

Owns and owesPt X

$417K

net assets · Ln 32

Cash and savingsLn 1–2$358K

Total assetsLn 16$650K

LiabilitiesLn 26$233K

PeoplePt VI, VII

10

listed · VII A

PaidVII A1

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$701K

Noncash giftsLn 1g$0

Fees for servicesLn 2g$147K

Investment incomeLn 3$5K

Other incomeLn 4–11$100

Total revenueLn 12$853K

Assets in detailPt X, end of year

CashLn 1$159K

SavingsLn 2$199K

Cash and savings togetherLn 1–2$358K

Land, buildings, equipmentLn 10c$7K

Other assetsLn 15$10K

Total assetsLn 16$650K

LiabilitiesLn 26$233K

Net assetsLn 32$417K

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 FY24	End FY24
Cash and savingsLn 1–2	$362K	$358K
Land, buildings, equipmentLn 10c	$7K	$7K
Total assetsLn 16	$502K	$650K
LiabilitiesLn 26	$180K	$233K
Net assetsLn 32	$322K	$417K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$93K	$71K	$13K	$9K
Other salaries and wagesLn 7	$81K	$62K	$12K	$7K
Pension plan contributionsLn 8	$2K	$1K	$220	$143
Other employee benefitsLn 9	$16K	$12K	$2K	$1K
Payroll taxesLn 10	$15K	$12K	$2K	$1K
Other fees for servicesLn 11g	$101K	$41K	$60K	$592
Advertising and promotionLn 12	$4K	$2K	$0	$2K
Office expensesLn 13	$2K	$2K	$74	$490
Information technologyLn 14	$10K	$4K	$3K	$3K
OccupancyLn 16	$14K	$10K	$3K	$0
TravelLn 17	$3K	$3K	$92	$0
Depreciation, depletion and amortizationLn 22	$2K	$2K	$426	$0
InsuranceLn 23	$3K	$0	$3K	$0
Other expenses (24a–d)Ln 24	$411K	$395K	$16K	$975
Total functional expensesLn 25	$758K	$617K	$115K	$26K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$1.3M	$368K	$963K	$1.3M	990 PDF
FY2024 Viewing	$853K	$758K	$95K	$417K	990 PDF
FY2023	$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 FY2024 990 (6 parts)

Part I · Summary $853,147 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $442,362$701,488

I-9 Program service revenuePrior year $119,350$146,935

I-10 Investment incomePrior year $2,940$4,624

I-11 Other revenue$100

I-12 Total revenuePrior year $564,652$853,147

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $118,869$206,751

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $454,769$551,269

I-18 Total expensesPrior year $573,638$758,020

I-19 Revenue less expensesPrior year −$8,986$95,127

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

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

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 $853,147 across 7 lines filed

VIII-1f All other contributions, gifts and grants$701,488

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$701,488

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$146,935

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $4,624$4,624

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $100 · Unrelated business $0 · Excluded from tax $0$100

VIII-12 Total revenueRelated to mission $147,035 · Unrelated business $0 · Excluded from tax $4,624$853,147

Part IX · Statement of functional expenses $758,020 across 14 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $71,013 · Management $13,171 · Fundraising $8,516$92,700

IX-7 Other salaries and wagesPrograms $62,420 · Management $11,577 · Fundraising $7,486$81,483

IX-8 Pension plan contributionsPrograms $1,191 · Management $220 · Fundraising $143$1,554

IX-9 Other employee benefitsPrograms $11,925 · Management $2,212 · Fundraising $1,430$15,567

IX-10 Payroll taxesPrograms $11,833 · Management $2,195 · Fundraising $1,419$15,447

IX-11g Other fees for servicesPrograms $40,900 · Management $59,990 · Fundraising $592$101,482

IX-12 Advertising and promotionPrograms $1,842 · Management $0 · Fundraising $2,183$4,025

IX-13 Office expensesPrograms $1,639 · Management $74 · Fundraising $490$2,203

IX-14 Information technologyPrograms $4,000 · Management $2,751 · Fundraising $3,212$9,963

IX-16 OccupancyPrograms $10,272 · Management $3,424 · Fundraising $0$13,696

IX-17 TravelPrograms $3,031 · Management $92 · Fundraising $0$3,123

IX-22 Depreciation, depletion and amortizationPrograms $1,702 · Management $426 · Fundraising $0$2,128

IX-23 InsurancePrograms $0 · Management $3,170 · Fundraising $0$3,170

IX-24 Other expenses (24a–d)Programs $394,949 · Management $15,555 · Fundraising $975$411,479

IX-25 Total functional expensesPrograms $616,717 · Management $114,857 · Fundraising $26,446$758,020

Part X · Balance sheet $650,000 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $361,575$158,982

X-2 Savings and temporary cash investments$198,696

X-3 Pledges and grants receivable$122,150

X-4 Accounts receivableStart of year $19,419$56,482

X-8 Inventories for sale or useStart of year $92,344$90,238

X-9 Prepaid expenses and deferred chargesStart of year $1,970$5,040

X-10c Land, buildings and equipment, netStart of year $7,258$6,783

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

X-15 Other assetsStart of year $17,549$9,679

X-16 Total assetsStart of year $502,065$650,000

X-17 Accounts payable and accrued expensesStart of year $10,589$6,739

X-25 Other liabilitiesStart of year $169,245$225,903

X-26 Total liabilitiesStart of year $179,834$232,642

X-27 Net assets without donor restrictionsStart of year $296,552$272,640

X-28 Net assets with donor restrictionsStart of year $25,679$144,718

X-32 Total net assets or fund balancesStart of year $322,231$417,358

X-33 Total liabilities and net assetsStart of year $502,065$650,000

Part XI · Reconciliation of net assets $417,358 net assets at year end

XI-1 Total revenue$853,147

XI-2 Total expenses$758,020

XI-3 Revenue less expenses$95,127

XI-4 Net assets at start of year$322,231

XI-10 Net assets at end of year$417,358

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Breadcoin Foundation Ltd FY2024 filing

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