412 Food Rescue Inc
- Assets
- $5.5m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 45
- Location
- Pittsburgh, PA
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 47-3476140
Organization Overview
412 Food Rescue Inc is located in Pittsburgh, PA. The organization was established in 2015. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, 412 Food Rescue Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 412 Food Rescue Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, 412 Food Rescue Inc generated $15.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 58.6% each year . All expenses for the organization totaled $17.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
412 FOOD RESCUE WAS FOUNDED TO DIRECTLY IMPACT HUNGER AND SUSTAINABILITY BY SAVING FRESH, HEALTHY FOOD FROM GOING TO WASTE, AND TO DEVELOP AN INNOVATIVE TECHNOLOGY-BASED REVERSE LOGISTICS MODEL THAT AIMS TO FIGHT HUNGER AND PROMOTE SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
412 FOOD RESCUE WORKS WITH FOOD RETAILERS, WHOLESALERS, RESTAURANTS, CATERERS, UNIVERSITIES AND OTHER FOOD PROVIDERS TO RESCUE UN-SELLABLE BUT PERFECTLY GOOD FOOD. THESE PROVIDERS OFTEN DO NOT HAVE THE OPERATIONS RESOURCES TO CONSISTENTLY REDIRECT FOOD TO COMMUNITY ORGANIZATIONS. 412 FOOD RESCUE ONLY RESCUES FRESH, PERISHABLE FOOD-HEALTHY FOOD-AND DIRECTLY DISTRIBUTES IT TO ORGANIZATIONS. IT DOES NOT STORE OR BANK THE FOOD. DONATED FOOD IS VALUED AT THE APPROXIMATE ESTIMATED RETAIL FOOD VALUE OF ONE POUND OF FOOD WASTED AS WELL AS FOOD WASTE DIVERTED, BASED ON 2016 DATA FROM THE BUREAU OF LABOR STATISTICS ON MONTHLY AVERAGE FOOD PRICES TO ESTIMATED RETAIL FOOD VALUE, WHICH IS UPDATED YEARLY BASED UPON THE CONSUMER PRICE INDEX FOR FOOD AT HOME. 412 FOOD RESCUE RESCUED APPROXIMATELY 4,390,000 POUNDS OF FOOD DURING 2023 WITH AN ESTIMATED FAIR VALUE OF $13,076,394 FOR THE YEAR ENDED DECEMBER 31, 2023. FOOD IS DELIVERED TO AGENCIES THAT SERVE LOW-INCOME, HOMELESS, AND OTHER NEEDY PEOPLE IN ALLEGHENY COUNTY, PENNSYLVANIA. AGENCIES CURRENTLY INCLUDE SOUP KITCHENS, PUBLIC SCHOOL BACKPACK PROGRAMS, COMMUNITY ORGANIZATIONS AND OTHER NONPROFITS THAT SERVE THOSE WHO ARE FOOD INSECURE. 412 FOOD RESCUE WILL ACCEPT BENEFICIARY APPLICATIONS FROM ORGANIZATIONS THAT CAN REDISTRIBUTE FOOD DIRECTLY TO THOSE WHO ARE HUNGRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Slagle Chair | OfficerTrustee | 1 | $0 |
James Langton Vice Chair | OfficerTrustee | 1 | $0 |
Andrew Mckinley Treasurer | OfficerTrustee | 1 | $0 |
Tony Macklin Secretary | OfficerTrustee | 1 | $0 |
Mary Beth Green Board Member | Trustee | 1 | $0 |
Ralph Gross Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $163,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,914,762 |
| Noncash contributions included in lines 1a–1f | $13,076,394 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,077,814 |
| Total Program Service Revenue | $222,886 |
| Investment income | $155,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,901 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,474,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,391 |
| Compensation of current officers, directors, key employees. | $37,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,139,317 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $169,861 |
| Payroll taxes | $182,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,290 |
| Fees for services: Accounting | $180,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $576,335 |
| Advertising and promotion | $62,501 |
| Office expenses | $8,928 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,036 |
| Travel | $67,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,652 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,820 |
| Insurance | $24,437 |
| All other expenses | $98,376 |
| Total functional expenses | $17,025,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,389,067 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $178,500 |
| Accounts receivable, net | $92,386 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,650 |
| Net Land, buildings, and equipment | $183,278 |
| Investments—publicly traded securities | $3,451,021 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $160,127 |
| Total assets | $5,462,029 |
| Accounts payable and accrued expenses | $103,620 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $91,193 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $202,103 |
| Total liabilities | $396,916 |
| Net assets without donor restrictions | $4,736,835 |
| Net assets with donor restrictions | $328,278 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,462,029 |