Equal Exchange

Equal Exchange

Farming Social Enterprise

Farming Social Enterprise

Overview

Raised to Date: Raised: $102,049

Total Commitments ($USD)

Platform

CrowdFund Mainstreet

Start Date

02/04/2024

Close Date

04/29/2024

Min. Goal
$100,000
Max. Goal
$1,500,000
Min. Investment

$500

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

3.00%

Term Length

4.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/23/2024

Days Remaining

66

% of Min. Goal

102%

% of Max. Goal

7%

Likelihood of Max
unlikely
Avg. Daily Raise

$5,371

# of Investors

58

Momentum
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Year Founded

1986

Industry

Farming & Agriculture

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

West Bridgewater, Massachusetts

Business Type

Growth

Equal Exchange is raising funds on CrowdFund Mainstreet. The company aims to build alternative trade networks to put the power back in the hands of farmers and eaters. Equal Exchange is trading with small farmer co-ops and supporting farmer-led innovative programs to build a democratic food system with the participation of farmers, workers, and consumers. Jonathan Rosenthal, Rink Dickinson, and Michael Rozyne founded Equal Exchange in February 1986. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.5 million. The campaign proceeds will be used to fund the acquisition of finished chocolate and tea inventory, green coffee inventory, and nuts and dried fruit inventory, build improvements, and market the company.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$69,301,450

$72,082,996

COGS

$51,082,779

$54,421,295

Tax

$169,752

$491,122

 

 

Net Income

$574,612

$1,198,710

Summary Balance Sheet

FY 2022 FY 2021

Cash

$971,675

$2,536,886

Accounts Receivable

$4,238,069

$4,862,546

Total Assets

$42,176,628

$41,309,540

Short-Term Debt

$8,031,223

$6,825,241

Long-Term Debt

$7,734,650

$7,636,596

Total Liabilities

$15,765,873

$14,461,837

Financials as of: 02/04/2024
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Equal Exchange on CrowdFund Mainstreet 2024
Platform: CrowdFund Mainstreet
Security Type: Debt

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Follow Equal Exchange on CrowdFund Mainstreet 2024

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