La Soupe Inc
- Assets
- $5.5m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 39
- Location
- Cincinnati, OH
- Founding
- 10/2015
- Data as of
- 12/2020
- EIN
- 47-4452384
Organization Overview
La Soupe Inc is located in Cincinnati, OH. 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 12/2021, LA Soupe Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Soupe 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 12/2020, LA Soupe Inc generated $5.4m in total revenue. All expenses for the organization totaled $3.0m during the year ending 12/2020. While expenses have increased by 93.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
BRIDGING THE GAP BETWEEN FOOD WASTE AND HUNGER BY RESCUING OTHERWISE WASTED PRODUCE TO CREATE DELICIOUS AND HIGHLY-NUTRITIOUS MEALS FOR CUSTOMERS, NON-PROFITS AND FOOD-INSECURE FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LA SOUPE ADDRESSES THE NEEDS OF THE FOOD INSECURE THROUGH A CHEF-BASED MODEL IN WHICH RESCUED PERISHABLE FOOD IS TRANSFORMED INTO PREPARED SERVINGS FOR DISTRIBUTION. IN 2020 OUR RESCUE PARTNERS DONATED OVER 1,134,000 POUNDS OF PERFECTLY GOOD PERISHABLE FOOD HEADED TO THE LANDFILL. LA SOUPE DONATED OVER 60% OF THIS FOOD DIRECTLY TO COMMUNITY AGENCIES FEEDING THE FOOD INSECURE. THE REMAINING FOOD WAS TRANSFORMED BY THE LA SOUPE STAFF AND VOLUNTEERS INTO SOUPE AND OTHER PREPARED MEALS. IN 2021, LA SOUPE DONATED JUST OVER 775,000 SERVINGS TO THE FOOD INSECURE. LA SOUPE HAD AN A TEMPORARY COVID-RELATED PROGRAM WHICH PAID SHUTTERED RESTAURANTS TO PREPARE FOOD FOR THE FOOD INSECURE. THAT PROGRAM PROVIDED ADDITIONAL DONATED SERVINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Deyoung Executive Director | OfficerTrustee | 40 | $74,807 |
Dennis Kramer-Wine COO | Officer | 40 | $15,769 |
Jim Dechert President | OfficerTrustee | 20 | $0 |
Lisa Wharton Secretary | OfficerTrustee | 5 | $0 |
Julie Richardson Director | Trustee | 5 | $0 |
Mimi Dyer Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,287,031 |
| Investment income | $2,174 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,381,446 |
| Statement of Expenses | |
|---|---|
| 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. | $73,103 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,629 |
| Payroll taxes | $79,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,510 |
| Advertising and promotion | $8,143 |
| Office expenses | $10,753 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,210 |
| Travel | $1,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,851 |
| Insurance | $17,330 |
| All other expenses | $0 |
| Total functional expenses | $3,020,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,192,513 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $483,518 |
| Accounts receivable, net | $6,609 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,093 |
| Other assets | $5,000 |
| Total assets | $5,523,582 |
| Accounts payable and accrued expenses | $134,897 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $134,897 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,388,685 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that La Soupe Inc has recieved totaling $700,883.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $202,030 |
Kroger Co Zero Hunger Zero Waste Foundation Cincinnati, OH PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $175,000 |
Matthew 25 Ministries Inc Cincinnati, OH PURPOSE: Humanitarian Aid | $89,452 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $71,350 |
John A Schroth Family Charitabletrust Pittsburgh, PA PURPOSE: RESCUE TRANSFORM SHARE | $50,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kroger Co Zero Hunger Zero Waste Foundation Cincinnati, OH | $11,444,778 | $15,207,931 |
Lifecare Alliance Columbus, OH | $46,116,156 | $21,442,783 |
412 Food Rescue Inc Pittsburgh, PA | $6,363,221 | $17,851,896 |
Hunger Network Of Greater Cleveland Cleveland, OH | $1,933,402 | $13,968,841 |
Second Helpings Inc Indianapolis, IN | $16,543,287 | $11,181,807 |
Meals On Wheels Western Michigan Inc Grandville, MI | $5,696,476 | $7,181,704 |
Kids Food Basket Grand Rapids, MI | $14,406,924 | $7,824,916 |
Hungry For Christ Hamilton, MI | $2,085,995 | $5,274,963 |
With Gods Grace Dayton, OH | $218,144 | $3,520,622 |
La Soupe Inc Cincinnati, OH | $5,523,582 | $5,381,446 |
Connecting Kids To Meals Inc Toledo, OH | $4,007,199 | $3,835,349 |
Grow Ohio Valley Inc Wheeling, WV | $924,666 | $2,218,308 |