Fundraising underway!
UPDATE - March 6 2024:
This grassroots fundraising effort has raised over $20,000!
Total members: 36
Total Investors: 10
Total investment shares: 14
Goal: $25,000 and 100 members
Help Tom’s Get Over The Line!! Once we reach $25,000 we’ll start opening.
Tom’s Natural Foods Cooperative, Inc.
Clinton's oldest grocery store …
and soon to be Clinton's first food co-op!
Where’s Tom’s?
We’re currently looking for our new home. We are looking at locations in the village and nearby that will allow us to expand our accessibility and more!
What’s a food co-op?
A food co-op is a grocery store owned by folks in their community (and by you, if you choose).
Unlike corporate chains, food co-ops are totally independent and owned by the community members who shop there. So instead of focusing on investors, food co-ops focus on their community — nourishing everyone according to their budget and cooking style.
Co-op grocery stores are the place to find the best local food, because they know their local farmers and family business owners by name. And food co-ops are passionate about giving back to their communities. They believe that good food is just the beginning of what people can achieve by working together.
What will Tom’s be?
Tom's Natural Foods Co-op will be a store with primarily natural, organic, fresh, nutritious, locally sourced, and bulk food.
Same old Tom’s that you know and love, now cooperatively owned by members of the community LIKE YOU!
If you want to stay in touch please complete the form below:
How you can support Tom’s Natural Foods Cooperative:
Membership
Members in the coop are each issued one common share in the corporation. Members have one vote and may be eligible for use-based dividends. Membership is $100.
Investment share
Investors are members (see above) who wish to support the coop in a larger fashion. Investors eligible for larger use-based dividends. Each investment share is $1000; multiple shares may be purchased.
Donation
Donations are just that, donations. Tom’s is a not-for profit company but does not have 501(c)3 status, so donations to Tom’s are not tax deductible. Donations are gratefully accepted, but are not tied to membership or investment.
In our initial phase of fund raising we will be operating in a reversible mode: If we are able to raise $25,000 then we will rent a space, hire a part time manager, and acquire equipment and inventory. If we do not meet our target by December 31, 2024, then we will refund all donations and investments.
Online payments using Stripe incur a 3% processing fee. We are also happy to accept payments in the form of physical checks, which can be mailed to:
Tom’s Natural Foods Cooperative, Inc.
PO Box 82
Clinton, NY 13323
For members/prospective members:
In advance of our first member meeting, which we will be scheduling soon, please review the DRAFT bylaws for Tom’s Natural Foods Coop here.
Pictures and logo courtesy of Tom Sblendorio of tomstudios.com
Tom’s Natural Foods Cooperative, Inc. is a cooperative corporation; contributions are not tax-deductible.