Restaurant Workers Community Foundation Inc

Organization Overview

Restaurant Workers Community Foundation Inc is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (K12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Restaurant Workers Community Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restaurant Workers Community Foundation 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, Restaurant Workers Community Foundation Inc generated $947.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (51.0%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Restaurant Workers Community Foundation Inc has awarded 94 individual grants totaling $8,390,250. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO GROW THE POWER OF WORKERS IN PUBLIC DISCOURSE AND WORKPLACE POLICIES ON WAGES, EQUITY, AND HEALTH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION'S PRIMARY PROGRAM IS TO RAISE AND DISTRIBUTE FUNDS TO HELP WORKERS GET MORE ENGAGED IN THE ISSUES THAT AFFECT THEIR DAILY LIVES BY: CREATING OPPORTUNITIES FOR WORKERS TO COME TOGETHER AND SPEAK OUT; MAKING GRANTS TO AND BUILDING THE NETWORK OF NONPROFIT ORGANIZATIONS SERVING RESTAURANT WORKERS; AND INVESTING CAPITAL TO SUPPORT AND GROW RESTAURANT BUSINESSES THAT ARE IMPROVING CONDITIONS FOR WORKERS.-GENERAL GRANTMAKING TO NONPROFITS SERVING RESTAURANT WORKERS IN OUR FOUR PROGRAM AREAS: *WAGES & CAREER LADDERS*GENDER EQUITY & SEXUAL VIOLENCE PREVENTION*RACIAL EQUITY & SUPPORT FOR IMMIGRANT WORKERS*MENTAL HEALTH & SUBSTANCE MISUSE-COMMUNITY-BUILDING AND ADVOCACY *RESTAURANT MANAGERS NETWORK*POLICY COMMITTEE WORK*COMMUNICATIONS COMMITTEE WORK INCLUDING NEWSLETTERS, PUBLIC ANNOUNCEMENTS, SOCIAL MEDIA, #RWCFTALKS, ETC. -IMPACT INVESTING*DEVELOPING INVESTMENT STRATEGIES THAT DIRECT RESOURCES TO PRO-LABOR BUSINESS THAT CAN POSITIVELY SHAPE THE RESTAURANT INDUSTRY


-RESTAURANT WORKERS COVID-19 CRISIS RELIEF FUND, WHICH HAD THREE MAIN COMPONENTS WITH THREE SLIGHTLY DIFFERENT POPULATIONS, BUT ALL ULTIMATELY SERVING THE INTERESTS OF RESTAURANT WORKERS. MOST DONORS DESIGNATED FUNDS TO ALL THREE COMPONENTS OF THE CRISIS FUND (WITH EXPLICIT UNDERSTANDING THAT 10% OF ANY DONATION OVER $10,000 WOULD BE DIRECTED TO GENERAL OPERATING SUPPORT FOR RWCF'S CORE OPERATIONS:* DIRECT FINANCIAL RELIEF FOR RESTAURANT WORKERS, WITH OUR CASE MANAGEMENT PARTNER SOUTHERN SMOKE FOUNDATION, RWCF DIRECTED 50% OF ALL FUNDS RAISED FOR THE CRISIS RELIEF FUND IN THIS AREA. A SMALL PORTION OF DONORS REQUESTED THAT THEIR FUNDS GO ONLY TO THIS PORTION OF THE CRISIS FUND, WHICH OUR ACCOUNTING SYSTEM TRACKED. *GRANTS TO NONPROFITS PROVIDING WORKERS EMERGENCY SERVICES, WITH CRISIS SERVICES PROVIDED INCLUDING THINGS LIKE PRO BONO LEGAL SERVICES, FOOD ASSISTANCE, EMPLOYMENT DISTRIBUTING FOOD TO OTHER POPULATIONS, MENTAL HEALTH AND SUBSTANCE MISUSE HELP, DOMESTIC VIOLENCE HELP, ETC. NO FUNDERS DIRECTED THEIR DONATIONS ONLY TO THIS PORTION OF THE FUND. *RESTAURANT FUTURES LOAN PROGRAM, WITH OUR CDFI PARTNER ASCENDUS (FORMERLY ACCION EAST), 25% OF THE CRISIS FUND GOES TO THIS ZERO-INTEREST LOAN PROGRAM TO HELP SMALL RESTAURANT BUSINESSES THAT ARE WILLING TO EXAMINE THEIR LABOR PRACTICES, WITH THE GOAL OF CREATING A GREATER NUMBER OF PRO-WORKER BUSINESSES AND A PORTFOLIO OF SUCCESS STORIES TO COMMUNICATE TO THE PUBLIC. A SMALL PORTION OF DONORS TO THE CRISIS FUND SAID THAT THEIR FUNDS COULDN'T SUPPORT THIS AREA OF THE FUND, WHICH OUR ACCOUNTING SYSTEM TRACKED.


-RESTAURANT WORKERS RACIAL JUSTICE FUND (DEVELOPED IN 2020 BUT PUBLICLY LAUNCHED IN 2021).*THIS INITIATIVE WILL RAISE FUNDS AND DISTRIBUTE GRANTS TO SUPPORT NONPROFITS WHERE LEADERS ARE ADVOCATING FOR RACIAL JUSTICE WITHIN THE RESTAURANT, FOOD MEDIA AND RELATED HOSPITALITY AREAS. RWCF DID NOT START RAISING FUNDS OR BUDGET ITS OWN OPERATING FUNDS TO THIS INITIATIVE UNTIL 2021.


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Board, Officers & Key Employees

Name (title)Compensation
John Debary
President
$0
Caroline Hatchett
Vice President
$0
Tiffany Langston
Secretary
$0
Jena Derman
Treasurer
$0
Alex Pemoulie
Board Member
$0
Lynnette Marrero
Board Member
$0

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$1,008,585
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,008,585
Total Program Service Revenue$0
Investment income $451
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$61,861
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $947,175

Grants Awarded

Over the last fiscal year, Restaurant Workers Community Foundation Inc has awarded $886,000 in support to 20 organizations.

Grant RecipientAmount

ALLIANCE FOR GLOBAL JUSTICE

PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION.

$10,000

ASCENDUS

PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION.

$375,000

BENS FRIENDS

PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION.

$10,000

CHOW

PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION.

$10,000

EMMA'S TORCH

PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION.

$15,000

I'LL HAVE WHAT SHE'S HAVING

PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION.

$10,000
View Grant Profile

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