La Soupe Inc
- Assets
- $5.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 10/2015
- Data as of
- 06/2022
- 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. 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 06/2022, LA Soupe Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $1.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
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. BETWEEN 1/1/22 TO 6/30/22, OUR RESCUE PARTNERS DONATED OVER 601,000 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. BETWEEN 1/1/22 TO 6/30/22, LA SOUPE DONATED JUST OVER 401,000 SERVINGS TO THE FOOD INSECURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Deyoung Founder | OfficerTrustee | 40 | $0 |
Jim Dechert President | OfficerTrustee | 20 | $0 |
Julie Richardson Director | Trustee | 5 | $0 |
Mimi Dyer Director | Trustee | 5 | $0 |
Richard Moore Director | Trustee | 5 | $0 |
Scott Miller Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,048,685 |
| Noncash contributions included in lines 1a–1f | $602,201 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,140,485 |
| Total Program Service Revenue | $78,212 |
| Investment income | $180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,750 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,220,627 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,943 |
| 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. | $112,096 |
| Compensation of current officers, directors, key employees. | $6,726 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,738 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,002 |
| Payroll taxes | $53,256 |
| 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 | $18,766 |
| Advertising and promotion | $1,331 |
| Office expenses | $10,322 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,972 |
| Travel | $23,109 |
| 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 | $63,945 |
| Insurance | $9,499 |
| All other expenses | $15,395 |
| Total functional expenses | $1,599,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,786,169 |
| Savings and temporary cash investments | $2,000,348 |
| Pledges and grants receivable | $272,623 |
| Accounts receivable, net | $9,202 |
| 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 |
| Net Land, buildings, and equipment | $1,571,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,082 |
| Other assets | $13,055 |
| Total assets | $5,659,863 |
| Accounts payable and accrued expenses | $43,815 |
| 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 | $43,815 |
| Net assets without donor restrictions | $5,616,048 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,659,863 |