Rethink Food Nyc Inc
- Assets
- $17.9m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 67
- Location
- New York, NY
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 82-1632259
Organization Overview
Rethink Food Nyc Inc is located in New York, NY. 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 12/2022, Rethink Food Nyc Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rethink Food Nyc 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 12/2022, Rethink Food Nyc Inc generated $12.5m in total revenue. All expenses for the organization totaled $20.0m during the year ending 12/2022.
Since 2020, Rethink Food Nyc Inc has awarded 67 individual grants totaling $10,872,134. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO REDUCE FOOD INSECURITY BY DEVELOPING PRACTICAL MODELS THAT DISTRIBUTE NUTRITIONALLY DENSE, CULTURALLY SENSITIVE MEALS TO NOURISH HEALTHY AND THRIVING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMISSARY KITCHEN - OUR COMMISSARY KITCHEN CONVERTS DONATED FOOD ITEMS FROM GROCERY STORES, CORPORATE PARTNERS AND RESTAURANTS INTO NUTRITIOUS MEALS TO DELIVER TO CBOS AT NO COST. ON AVERAGE THE SITE PROVIDES OVER 5,000 MEALS A WEEK.RETHINK SUSTAINABILITY - RETHINK FOOD COLLECTS EXCESS FOOD FROM BRANDS, HOSPITALITY GROUPS, GROCERS AND MORE WHO PAYS A NOMINAL FEE TO COVER OUR EXPENSES. THIS EXCEED FOOD IS UPCYCLED INTO NUTRITIOUS MEALS FOR COMMUNITIES.
RETHINK CERTIFIED - RETHINK CERTIFIED IS A PARTNERSHIP PROGRAM WITH TWO PURPOSES: FEED COMMUNITIES AND KEEP RESTAURANTS IN BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Cohen Effron Board Member | Trustee | 2 | $0 |
Daniel Humm Board Member | Trustee | 2 | $0 |
Eric Costello Board Member | Trustee | 2 | $0 |
Jj Johnson Board Member | Trustee | 2 | $0 |
Jon Gray Board Member | Trustee | 2 | $0 |
Julian Baker Chairman | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southern Ethos Llc Food Preparation Services | 12/30/22 | $560,053 |
Birth Of The Cool Llc Food Preparation Services | 12/30/22 | $558,523 |
180 Maiden Lane Chefscape Llc Food Preparation Services | 12/30/22 | $528,123 |
Patchwork Food Preparation Services | 12/30/22 | $515,000 |
609 Hayes Cdg Llc Food Preparation Services | 12/30/22 | $439,593 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,050 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,842,195 |
| Noncash contributions included in lines 1a–1f | $1,042,237 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,958,245 |
| Total Program Service Revenue | $0 |
| Investment income | $8,571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,088 |
| Net Income from Fundraising Events | $481,287 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,485,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $54,309 |
| 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. | $998,441 |
| Compensation of current officers, directors, key employees. | $307,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,467,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $276,004 |
| Payroll taxes | $368,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $797,778 |
| 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 | $10,627,522 |
| Advertising and promotion | $46,170 |
| Office expenses | $628,620 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $622,696 |
| Travel | $76,073 |
| 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 | $22,978 |
| Insurance | $216,171 |
| All other expenses | $57,802 |
| Total functional expenses | $19,984,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,001,916 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,817,379 |
| 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 | $514,198 |
| Net Land, buildings, and equipment | $64,978 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $407,821 |
| Other assets | $120,755 |
| Total assets | $17,927,047 |
| Accounts payable and accrued expenses | $682,976 |
| 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 | $449,469 |
| Total liabilities | $1,132,445 |
| Net assets without donor restrictions | $7,598,155 |
| Net assets with donor restrictions | $9,196,447 |
| 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 | $17,927,047 |
Grants Awarded
Over the last fiscal year, Rethink Food Nyc Inc has awarded $52,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COLLECTIVE FOOD WORKS INC PURPOSE: GRANT TO SUPPORT OPERATION OF FORMER SITE | $15,000 |
SALEM UNITED METHODIST CHURCH PURPOSE: GRANT FOR DONATION OF MEALS | $27,500 |
SANTLA PURPOSE: FUNDRAISER DONATION | $10,000 |