Nonprofit · EIN 46-1555654
FAIR FOOD FUND
Tax-exempt · DETROIT, MI 48226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $108,436 | $183,277 | -$74,841 | $4,492,463 | $3,345,970 | $1,146,493 |
| December 31, 2023 | 990 | $13,147 | $218,673 | -$205,526 | $4,567,305 | $3,345,971 | $1,221,334 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,206
- Investment income
- $110,255
- Other revenue
- -$3,025
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $183,277
Balance sheet and other
- Total assets, start of year
- $4,567,305
- Total assets, end of year
- $4,492,463
- Total liabilities, end of year
- $3,345,970
- Net assets, end of year
- $1,146,493
- Net assets without donor restrictions
- $1,146,493
- Gross receipts
- $108,436
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2012
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATE KRAUSS | CEO Officer | 0 | $235,336 |
| GARY APPEL | SECRETARY Trustee or director, Officer | 1 | $0 |
| DAN WARMELS | TREASURER Trustee or director, Officer | 0 | $0 |
| W DEWAYNE WELLS | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| KATE KRAUSS | CEO Officer | 0 | $0 | $235,336 |
| DAN WARMELS | TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| GARY APPEL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1442 BRUSH ST STE 3, DETROIT, MI 48226-2286
- In care of
- % KATE KRAUSS
- Principal officer (990 for 2024)
- KATE KRAUSS, 1442 BRUSH ST THIRD FLOOR, DETROIT, MI 48226
- Signed the 990
- KATE KRAUSS, CEO
- Phone
- (734) 213-3999
- Return prepared by
- The ALG Group
Mission
TO BUILD A MORE SUSTAINABLE FOOD SYSTEM BY MAKING INVESTMENTS IN FOOD ENTERPRISES THAT ADVANCE HEALTHY FOOD ACCESS, JOB CREATION, FAMILY FARM VIABILITY, AND GREATER RACIAL AND SOCIAL EQUITY, AND DO NOT HAVE SUFFICIENT ACCESS TO TRADITIONAL FINANCING SOURCES.
Program accomplishments
- FAIR FOOD FUND IS AN IMPACT CAPITAL FUND FROM FAIR FOOD NETWORK THAT FUELS ENTREPRENEURSHIP IN THE FOOD SYSTEM BY USING PROJECT-RELATED INVESTMENT (PRI) FUNDS TO MAKE LOANS TO AND EQUITY INVESTMENTS IN BUSINESSES THAT CONNECT FARMERS WITH DEMAND FOR LOCAL, SUSTAINABLY GROWN FOOD. THE PROGRAM CURRENTLY ENCOMPASSES SIX EQUITY INVESTMENTS AND FIFTEEN LOANS.Expenses $183,277
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1555654
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K12)
- Assets (IRS master file)
- $4,492,463
- Income (IRS master file)
- $108,436
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $108,436 | $183,277 | $4,492,463 | XML |
| 990 | December 2023 | $13,147 | $218,673 | $4,567,305 | XML |
| 990 | December 2022 | $120,680 | $34,050 | $4,583,152 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1555654).
Questions about FAIR FOOD FUND
- What is the EIN of FAIR FOOD FUND?
- The employer identification number (EIN) of FAIR FOOD FUND is 46-1555654.
- Is FAIR FOOD FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2014.
- Are donations to FAIR FOOD FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FAIR FOOD FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FAIR FOOD FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAIR FOOD FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FAIR FOOD FUND?
- The 990 for the year ended December 31, 2024 names KATE KRAUSS.
- Who are the officers and directors of FAIR FOOD FUND?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $235,336 (KATE KRAUSS, CEO).
- How much revenue does FAIR FOOD FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $108,436, expenses of $183,277 and total assets of $4,492,463 at year end.
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