EIN 83-3580290

Virginia Foodshed Capital

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
2019
Most recent tax filings
2023-12-01
Description
Virginia Foodshed Capital provides financial stewardship to farms and businesses promoting an equitable and regenerative local food economy. The organization offers consultation services to small/mid-scale farms and food enterprises in the region, including those not borrowing funds, through one-on-one and group presentations. Its loan fund is designed to make capital more available and accessible for family farmers and food entrepreneurs, specifically working with borrowers who are disenfranchised from the traditional financial system including low-income communities.
Also known as...
Foodshed Capital
Total revenues
$1,563,180
2023
Total expenses
$902,730
2023
Total assets
$4,274,423
2023
Num. employees
6
2023

Program areas at Virginia Foodshed Capital

Loan fund: the organization's loan fund is designed to make Capital more available and accessible for family farmers and food entrepreneurs. The organization works with borrowers who are disenfranchised from the traditional financial system including low-income/low-asset individuals and families, black and brown families, women and non-binary people, immigrants and indigenous communities, as well as others who have been oppressed by an extractive economy and systemic discrimination. The focus of the organization is on farms and food businesses dedicated to using resilient, regenerative, eco-friendly practices that foster soil health and biodiversity and produce healthy, culturally appropriate food for our local communities.
Training and technical assistance: the organization's consultation services are offered to all small/mid-scale farms and food enterprises in the region, even if they are not borrowing funds. The organization does this one-on-one and through group presentations, seminars, and workshops. For the workshops, the organization often partners with experts who have a particular expertise. Since farmers like to learn from other farmers, the organization strives to find experts who are either farmers themselves or understand the business of farming. For those that are borrowing funds, the organization stays in continual contact with the borrower, assisting them in any way possible to ensure the success of their business and the repayment of the loan.

Grants made by Virginia Foodshed Capital

GranteeGrant descriptionAmount
The Piedmont Environmental CouncilRFSP Grant Subrecipient$20,000

Who funds Virginia Foodshed Capital

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Tortuga Charitable FoundationGeneral Charitable Purposes$75,000
Appalachian Community Capital Development FoundationBusiness Development in Appalachia$30,000
Agua FundFor General Support$30,000
...and 8 more grants received

Personnel at Virginia Foodshed Capital

NameTitleCompensation
Michael ReillyExecutive Director$95,000
Black FarmerDirector
Harrison RodayChair$0
Darrow Issacman-VanwertzTreasurer$0
Tracey WileySecretary$0
...and 2 more key personnel

Financials for Virginia Foodshed Capital

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,553,627
Program services$0
Investment income and dividends$25,041
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-15,488
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,563,180

Form 990s for Virginia Foodshed Capital

Fiscal year endingDate received by IRSFormPDF link
2023-122024-03-11990View PDF
2022-122023-02-27990View PDF
2021-122022-05-05990View PDF
2020-122021-05-20990View PDF
2019-122020-09-18990EZView PDF
Data update history
May 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 5 new personnel
May 18, 2024
Received grants
Identified 4 new grant, including a grant for $20,000 from Hillsdale Fund
December 23, 2023
Received grants
Identified 2 new grant, including a grant for $7,500 from Baldwin Center for Preservation Development
August 21, 2023
Received grants
Identified 1 new grant, including a grant for $30,000 from Appalachian Community Capital Development Foundation
Nonprofit Types
Business and community development organizationsCharities
Issues
Human servicesCommunity improvementFood and nutritionEconomic developmentVoting rights
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
Address
101 Devon Rd
Charlottesville, VA 22903
Metro area
Charlottesville, VA
County
Albemarle County, VA
Website URL
foodcap.org/ 
Phone
(434) 409-0053
IRS details
EIN
83-3580290
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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