Feed The Mass

Feed The Mass

Community Food Services

Community Food Services

Overview

Raised to Date: Raised: $23,780

Total Commitments ($USD)

Platform

SMBX

Start Date

05/08/2024

Close Date

06/13/2024

Min. Goal
$10,000
Max. Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.75%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/26/2024

Days Remaining

17

% of Min. Goal

238%

% of Max. Goal

19%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,321

Momentum
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Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Portland, Oregon

Business Type

Life Style

Feed the Mass is raising funds on SMBX. The company is empowering the community with food access and education in Portland, Oregon. Feed the Mass has a deep sense of purpose in addressing food insecurity in the community through its culinary education programs, nutritious meals, and community partnerships. The culinary education programs of Feed the Mass equip individuals with valuable skills and empower them along with a sense of belonging. Jacobsen Valentine founded Feed the Mass in January 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $124,000. The campaign proceeds will be used for working capital, new kitchen equipment, and other fees.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$797,852

$1,574,132

COGS

$653,416

$1,286,931

Tax

$0

$0

 

 

Net Income

$-256,382

$-188,549

Summary Balance Sheet

FY 2023 FY 2022

Cash

$80,027

$376,717

Accounts Receivable

$91,096

$12,665

Total Assets

$237,798

$438,735

Short-Term Debt

$75,353

$19,908

Long-Term Debt

$0

$0

Total Liabilities

$75,353

$19,908

Financials as of: 05/08/2024
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Feed the Mass on SMBX 2024
Platform: SMBX
Security Type: Debt

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