Food Connect Co
- Assets
- $435.0k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Philadelphia, PA
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 81-3230981
Organization Overview
Food Connect Co is located in Philadelphia, PA. The organization was established in 2017. 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, Food Connect Co employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Connect Co 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 12/2021, Food Connect Co generated $1.5m in total revenue. All expenses for the organization totaled $1.4m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REDUCE FOOD WASTE BY PROVIDING TRANSPORTATION FOR DONORS TO GIVE FOOD TO LOCAL ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISPATCHING, DELIVERY & LOGISTICS: BUILDING OUT TECHNOLOGY TO SUPPORT LOGISTICS, WORKING CLOSELY WITH FOOD RECIPIENTS TO ENSURE OPTIMAL MATCHING, AND COLLABORATING WITH OTHER ORGANIZATIONS TO BUILD MOMENTUM TOWARDS THE COMMON GOAL OF REDUCING FOOD WASTE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megha Kulshreshtha Executive Director | OfficerTrustee | 40 | $103,462 |
Kyle Robertson Chairperson | OfficerTrustee | 5 | $0 |
Kate Schwass Secretary | OfficerTrustee | 1 | $0 |
Jay Shah Director | Trustee | 1 | $0 |
Martin Schneider Director | Trustee | 1 | $0 |
Richard Vezina Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neocoast Engineering Develop. | 12/30/21 | $147,655 |
Unity Express Llc Delivery Service | 12/30/21 | $131,248 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,135,593 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,135,593 |
| Total Program Service Revenue | $344,209 |
| Investment income | $0 |
| 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 | $1,479,802 |
| 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. | $103,462 |
| Compensation of current officers, directors, key employees. | $10,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,317 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $225,528 |
| Advertising and promotion | $0 |
| Office expenses | $103,319 |
| Information technology | $30,814 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,204 |
| 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 | $0 |
| Insurance | $75,352 |
| All other expenses | $108 |
| Total functional expenses | $1,362,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,562 |
| 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 | $1,193 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $434,976 |
| Accounts payable and accrued expenses | $40,553 |
| 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 | $40,553 |
| Net assets without donor restrictions | $394,423 |
| 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 | $434,976 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Food Connect Co has recieved totaling $922,520.
| Awarding Organization | Amount |
|---|---|
Jhc Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500,000 |
Greenlight Fund Inc Boston, MA PURPOSE: GENERAL SUPPORT | $140,000 |
Daniel B And Florence E Green Foundation Conshohocken, PA PURPOSE: GENERAL FUND | $100,000 |
Daniel B And Florence E Green Foundation Conshohocken, PA PURPOSE: GENERAL FUND | $100,000 |
Leo And Peggy Pierce Family Foundation Inc Radnor, PA PURPOSE: ENTITY SUPPORT | $30,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $25,000 |
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 |
Tomche Shabbos Of Rockland County Monsey, NY | $3,190,088 | $8,439,711 |
Interfaith Nutrition Network Hempstead, NY | $10,559,882 | $10,681,917 |
Move For Hunger Inc Neptune, NJ | $1,899,350 | $7,237,054 |
St Johns Bread & Life Program Inc Brooklyn, NY | $8,308,596 | $7,077,565 |
T A S K Trenton, NJ | $14,881,769 | $6,763,613 |
Food Brigade Inc Paramus, NJ | $32,609 | $4,662,989 |
Lexington Market Inc Baltimore, MD | $34,272,754 | $5,979,904 |
Lakewood Community Service Corp Lakewood, NJ | $2,505,972 | $4,390,596 |