Fat Beet Foundation INC EIN 85-1600566 Form 990 (PDF) Claim this org

Fat Beet Foundation INC FY2022 filing

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Educates the public on sustainability and promotes planetary and individual wellness. For fiscal year 2022 it reported $69K in revenue, $79K in expenses, and $-16K in net assets.Pt I

Type
Public charity (501(c)(3)) · Food & Agriculture
Location
Tampa, FL
Filings
4 on file (2021–2022)
Revenue
$69KFY2022
Expenses
$79K
Net assets
$-16K
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-1600566 Public charity (501(c)(3)) Tampa, FL
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Educates the public on sustainability and promotes planetary and individual wellness.
Leadership
Josephine Curci · Director · $15K
Money in and out
$69K revenue, $79K expenses
Bottom line
5% program efficiency
Where the money goes · FY2022
Total revenue
$69K
Pt VIII · Ln 12
Total expenses
$79K
Pt IX · Ln 25
Net assets
$-16K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9K
Where spending went · Part IX cols B–D
Program services $0.05 Management & general $0.92 Fundraising $0.03
Program efficiency
5%
of spending reaches programs
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$69K
FY2022▲ +157%
Expenses
$79K
FY2022
Total assets
$6K
FY2022
Total liabilities
$23K
FY2022
Total revenue
$69K
Pt VIII · Ln 12
Total expenses
$79K
Pt IX · Ln 25
Net assets
$-16K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$6K
Program-expense ratioPt IX · col B5%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2022.
01

Program income consisted of exercise classes, yoga classes and various farm related activites to educate correct farming techniques.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFat Beet Foundation INC
EINHdr · item D85-1600566
Principal addressHdr · item CTampa, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K20)
Ruling yearIRS BMFNov 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$15,417Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Josephine Rothschild’s $9K as Board Member is at the 10th percentile of top reported officer pay among 1173 $100K–1M 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Josephine Curci$15,417$20,004
Josephine Rothschild$9,187$17,169

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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Statement of Revenue

Part VIII
Program service revenue$54K · 77%
Contributions & grants$9K · 13%
Other revenue$7K · 10%
Program service revenue77%$54K
Contributions & grants13%$9K
Other revenue10%$7K
Total revenueLn 12$69K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.05 Management & general $0.92 Fundraising $0.03
Program services5%$4K
Management & general92%$73K
Fundraising3%$2K
Total functional expensesLn 25$79K

Balance Sheet

Part X · end of year
CashLn 1$3K
Total assetsLn 16$6K
Total liabilitiesLn 26$23K
Total net assetsLn 32$-16K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3K · Operating expenses/yr $79K
0.5 months
Where the money goes
Program services
Program services $4K · Total expenses $79K
5%
Management & General
Management & general $73K · Total expenses $79K
92%
Fundraising
Fundraising $2K · Total expenses $79K
3%
Cost to raise $1
Fundraising expense $2K · Solicited contributions $9K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $9K · Total revenue $69K
13%
Government reliance
Government grants — · Total revenue $69K
Earned-income share
Program service revenue $54K · Total revenue $69K
77%
Investment reliance
Investment income $0 · Total revenue $69K
0%
Program self-sufficiency
Program service revenue $54K · Total expenses $79K
68%
Growth & trend
Revenue growth (YoY)
This year $69K · Prior year $27K
+157%
Net-asset trend (YoY)
End of year $-16K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $69K · Expenses $79K
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $6K
Net-asset ratio
Net assets $-16K · Total assets $6K
-261%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Josephine Curci · Reported title DIRECTOR · Highest reported compensation $15K · Total expenses $79K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $60K · Total expenses $79K
76%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 5%
Overhead ratio 92%
Fundraising cost ratio 26%
Revenue growth 157%

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$5K

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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)$115K revenue · ⤓ 990 PDF
FY2023$132K revenue · ⤓ 990 PDF
FY2022$69K revenue · viewing · ⤓ 990 PDF
FY2021$27K revenue · ⤓ 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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