Thanks to all who attended last week’s Spring General Membership Meeting, to the East Passyunk Community Recreation Center for hosting us, and and to South Philly Barbacoa for the delicious snacks!
Missed the meeting? We’ve got you covered. Here’s a recap of what we discussed:
State of the Co-op:
The search for a space continues, and as we have said previously, given the inventory and pricing of today's South Philadelphia real estate market, opening a successful co-op will mean finding a development partner who is as dedicated to and passionate about this community as we are. The great news is that we are in conversation with such a partner, about an extremely promising space to call our home.
We are farther along in the negotiation process than the Co-op has ever been before. We've been down this road before (although never quite this far) and things haven't worked out, so nothing is final yet. We'll share more details when we can, so stay tuned!
In financial news, the Co-op generated $5,393 in net income this fiscal year and has $144,055 in total assets. The Board has also engaged local business consultants Elysian Fields to further refine the Co-op’s financial models.
Board Election Results:
Thanks to all who made your voices heard in this year’s Board Elections. Congratulations to returning board members Jessica Calter, Angel D’Ippolito, Alison Fritz, Anna Kiesel, Matt Stern and to brand new board members Katy Travaline and Emily Wyner! And of course, a big thank you to our outgoing board members, Josh Richards and Anna Shipp, for your hard work over the years!
Introducing the South Philly Blend:
This smoky, savory blend of South and Central American coffee with chocolate undertones is now available through our new buying club partnership with Philly Fair Trade Roasters. Pick up your coffee monthly at Cinemug starting June 16th. Try it out for just a month, or commit to 3 or 6 months for additional savings. Sales benefit the South Philly Food Co-op and member-owners get $1 off per 1-pound bag, so place your order today!
Product Preferences Survey Results:
The results of our Product Preferences Survey are in with over 160 responses! As a cooperative store, our member-owners will decide what we carry and how we source it. At the meeting, we dug into how our members eat and shop, and what concerns them most when choosing their groceries (hint: local, fresh, high-quality products at reasonable prices). To see the full results of the survey, click here.
New Member (Or just want to get more involved)?:
Attend our upcoming New Member Orientation on June 8. Click here for details and to RSVP.