Refed Inc

Organization Overview

Refed Inc is located in Long Island City, NY. The organization was established in 2019. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Refed Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Refed 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 12/2021, Refed Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 50.6% per year over the past 4 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.

Since 2019, Refed Inc has awarded 49 individual grants totaling $3,961,440. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

REFED IS A NATIONAL NONPROFIT DEDICATED TO ENDING FOOD LOSS AND WASTE ACROSS THE U.S. FOOD SYSTEM BY ADVANCING DATA-DRIVEN SOLUTIONS. OUR VISION IS A SUSTAINABLE, RESILIENT, AND INCLUSIVE FOOD SYSTEM THAT OPTIMIZES ENVIRONMENTAL RESOURCES, MINIMIZES CLIMATE IMPACTS, AND MAKES THE BEST USE OF THE FOOD WE GROW.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CAPITAL, INNOVATION, & ENGAGEMENT PROGRAM SERVICE ACCOMPLISHMENTS : REFED INCREASED AWARENESS, EDUCATION, AND ENGAGEMENT OF CAPITAL PROVIDERS, SOLUTIONS PROVIDERS, AND FOOD BUSINESSES, LEADING TO AN INCREASE IN FUNDING FOR AND ADOPTION OF FOOD WASTE SOLUTIONS. THIS WAS ACCOMPLISHED THROUGH ONGOING MATCHMAKING AND MARKET MAKING ACTIVITIES AND THROUGH THE LAUNCH OF THE FOOD WASTE FUNDER CIRCLE, A NEW NETWORK FOR CAPITAL PROVIDERS TO NETWORK AND LEARN ABOUT INVESTMENT AND GRANTMAKING OPPORTUNITIES IN FOOD WASTE, SHARING NEARLY 100 SOLUTION PROVIDERS WITH THE FUNDER CIRCLE. REFED ALSO ADVISED THE WONDERFUL COMPANY'S POM $1 MILLION INNOVATION CHALLENGE TO FIND SOLUTIONS TO ADDRESS 50,000 POUNDS OF POMEGRANATE HUSK WASTE AND SERVED ON THE ADVISORY COMMITTEE OF THE KROGER CO. ZERO HUNGER | ZERO WASTE FOUNDATION'S 2021 OPEN CALL.


DATA & INSIGHTS PROGRAM SERVICE ACCOMPLISHMENTS : REFED LAUNCHED THE INSIGHTS ENGINE, A FIRST-OF-ITS-KIND ONLINE KNOWLEDGE HUB BUILT FROM 50 PUBLIC AND PROPRIETARY DATASETS AND OFFERING EXTENSIVE ANALYSES AND THE MOST UP-TO-DATE INFORMATION TO INFORM THE WORK OF STAKEHOLDERS OF ALL TYPES. ACCOMPANYING THE INSIGHTS ENGINE WAS AN UPDATED VERSION OF OUR LANDMARK 2016 ROADMAP CALLED THE ROADMAP TO 2030: REDUCING U.S. FOOD WASTE BY 50%, WHICH DETAILS SEVEN KEY ACTION AREAS TO HELP GUIDE THE FOOD SYSTEM IN ITS WASTE REDUCTION EFFORTS. THE INSIGHTS ENGINE WELCOMED OVER 22,000 USERS AND WAS UTILIZED IN OVER 450 USE CASES BY A VARIETY OF FOOD SYSTEM STAKEHOLDERS.


BUSINESS INITIATIVES PROGRAM SERVICE ACCOMPLISHMENTS : REFED PROVIDED TAILORED RECOMMENDATIONS THAT WOULD ELEVATE FOOD WASTE PREVENTION ACTIVITIES IN CERTIFICATIONS AND STANDARDS TO 10 NATIONAL ORGANIZATIONSFOR INSTANCE, WE ADVISED THE ASSOCIATION FOR THE ADVANCEMENT OF SUSTAINABILITY IN HIGHER EDUCATION (AASHE) ON ITS SUSTAINABILITY TRACKING, ASSESSMENT & RATING SYSTEM (STARS), WHICH IS A TRANSPARENT, SELF-REPORTING FRAMEWORK FOR COLLEGES AND UNIVERSITIES TO MEASURE THEIR SUSTAINABILITY PERFORMANCE. WE ALSO WORKED WITH THE COUNCIL FOR RESPONSIBLE SPORT, THE WORLD'S LEADING RESPONSIBLE SPORT CERTIFICATION PROGRAM, ON ITS RESPONSIBLE SPORT STANDARD FOR ORGANIZATIONS. REFED PARTNERED WITH THE ENVIRONMENTAL DEFENSE FUND, ONE OF THE WORLD'S LEADING ENVIRONMENTAL ORGANIZATIONS, TO DEVELOP THE CLIMATE CORPS FOOD WASTE FELLOWSHIP FOR LAUNCH IN 2022. IT IS A FIRST-OF-ITS-KIND COLLABORATION DESIGNED TO ADVANCE COMPANIES' STRATEGIC FOOD WASTE INITIATIVES AND TRAIN THE NEXT GENERATION OF FOOD WASTE AND CLIMATE LEADERS. WE ALSO CONTINUED TO SERVE AS A PARTNER TO THE PACIFIC COAST FOOD WASTE COMMITMENT WHICH WELCOMED ADDITIONAL FOOD BUSINESS SIGNATORIES, INCLUDING BOB'S RED MILL AND FOOD NORTHWEST, AS THE PROJECT EXPANDED TO INCLUDE BOTH RETAILERS AND MANUFACTURERS.


DIVERSITY, EQUITY, INCLUSION PROGRAM SERVICE ACCOMPLISHMENTS : CONDUCTED INTERNAL STAFF TRAINING PROGRAMS TO EDUCATE EMPLOYEES ON VARIOUS ASPECTS OF DIVERSITY, EQUITY, INCLUSION AND JUSTICE AND THE WAYS IN WHICH THEY INTERSECT WITH REFED'S WORK ON FOOD WASTE. REFED HIRED IT'S FIRST DEIJ FELLOW TO LEAD A YEAR-LONG WORKSTREAM TO CONDUCT A LANDSCAPE ASSESSMENT TO FURTHER INVESTIGATE THESE INTERSECTIONS AND BEGIN WORK ON A PUBLIC REPORT. STAFF ALSO CONDUCTED THE FIRST HALF OF AN INTERNAL DEIJ ASSESSMENT TO IDENTIFY OPPORTUNITIES FOR GREATER INTEGRATION OF DEIJ WORK INTO THE ORGANIZATION'S INTERNAL POLICIES AND PROCESSES AND EXTERNAL-FACING PROGRAMMING AND STRATEGIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Vizzuality
Web Development
$155,957
Juniata Analytics
Data Analytics And Software Engineering
$127,274
Warren Adams
Strategic Advisory
$104,400
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $134,385
All other contributions, gifts, grants, and similar amounts not included above$2,749,409
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,883,794
Total Program Service Revenue$160,549
Investment income $161
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 $3,044,504

Grants Awarded

Over the last fiscal year, Refed Inc has awarded $3,511,440 in support to 37 organizations.

Grant RecipientAmount

LOVIN' SPOONFULS INC

Org PageRecipient Profile

Newton, MA

PURPOSE: LOVIN' SPOONFULS FOOD RESCUE OPERATIONS PROGRAM

$151,250

Los Alamitos, CA

PURPOSE: FOOD CONNECT - MEALS INITIATIVE

$150,000

SECOND HARVEST HEARTLAND

Org PageRecipient Profile

Brooklyn Park, MN

PURPOSE: MINNESOTA CENTRAL KITCHEN PROGRAM

$150,000

CITY HARVEST INC DBA PLENTIFUL

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: PLENTIFUL PROJECT FOR EXPANDING PLENTIFUL TO SUPPORT INCREASED FOOD ACCESS DURING COVID-19

$150,000

PARTNERSHIP FOR A HEALTHIER AMERICA INC

Org PageRecipient Profile

Washington, DC

PURPOSE: SUPPORT THE COVID-19 FRESH FOOD FUND DENVER PILOT

$103,500

TREASURE8 LLC

PURPOSE: TRANSFORM FOOD WASTE INTO NUTRIENT-RICH POWDERS/PRODUCTS FOR COVID-19 RESPONDERS

$102,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Refed Inc has recieved totaling $1,498,268.

Awarding OrganizationAmount
Posner Foundation Of Pittsburgh

Pittsburgh, PA

PURPOSE: UNRESTRICTED/ GENERAL USE

$500,000
Impactassets Inc

Bethesda, MD

PURPOSE: GENERAL SUPPORT

$252,000
Kroger Co Zero Hunger Zero Waste Foundation

Cincinnati, OH

PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE

$250,000
Wal-Mart Foundation

Bentonville, AR

PURPOSE: WASTE

$250,000
The Fink Family Foundation

Westport, CT

PURPOSE: GRANT AREA: SUSTAINABLE FOOD SYSTEMS, FOOD WASTE, SUSTAINABLE COMMUNITIES (DE&I IN 2021)

$100,000
Harbourton Foundation

Reno, NV

PURPOSE: ACCELERATE SOLUTIONS TO FOOD WASTE.

$75,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$95
Earnings$161
Net Contributions$835,000
Ending Balance$835,256

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