New Food Economy Inc
- Assets
- $32.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 24
- Location
- New York, NY
- Founding
- 08/2019
- Data as of
- 09/2023
- EIN
- 84-1930625
Organization Overview
New Food Economy Inc, operating under the name The Counter, is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (K01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2023, Counter employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Counter 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 09/2023, Counter generated $69.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (54.3%) each year. All expenses for the organization totaled $173.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE NEW FOOD ECONOMY INC. ("THE COUNTER") IS A NON-PROFIT, INDEPENDENT, NONPARTISAN NEWSROOM. THE COUNTER PUBLISHES UNBIASED REPORTING ON THE FORCES SHAPING HOW AND WHAT AMERICA EATS, GOING BEYOND THE GUSTATORY, DELVING INTO THE MONEY, POWER, AND POLITICS BEHIND OUR PLATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Muth Director | 1 | $0 | |
Jeffrey Kittay Executive Director | 40 | $0 | |
Myron Beasley Director | 1 | $0 | |
Douglas Phillips Treasurer & Director | 1 | $0 | |
Bonnie Porta President & Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,520 |
| Total Program Service Revenue | $0 |
| Membership dues | $32 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $69,558 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $85 |
| Professional fees and other payments to independent contractors | $67,744 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $106,007 |
| Total expenses | $173,836 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,740 |
| Other assets | $0 |
| Total assets | $32,048 |
| Total liabilities | $18,551 |
| Net assets or fund balances | $13,497 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Dairymens Association Inc Palmyra, PA | $1,846,232 | $1,623,045 |
Hunters Sharing The Harvest Inc Greenville, PA | $315,323 | $512,597 |
New Food Economy Inc New York, NY | $32,048 | $0 |
Whitehall-Coplay Hunger Initiative Whitehall, PA | $157,324 | $99,422 |
Pa Eats Lancaster, PA | $27,669 | $0 |
Triple Helix Institute For Agriculture Climate And Society New York, NY | $241,944 | $312,435 |
Global Food Justice Alliance Corporation Concord, MA | $59,467 | $0 |
Just Harvest A Center For Action Against Hunger Pittsburgh, PA | $46,469 | $12,895 |
Western New York Soil Health Alliance Inc Albion, NY | $10,209 | $0 |
Vermont Grape And Wine Council South Burlington, VT | $18,335 | $0 |
One More Meal Jamison, PA | $263 | $0 |
Food For The Spirit Naples, NY | $36 | $0 |
Ron And Ellen Schmid Foundation Watertown, CT | $621,486 | $7,587 |
Noel Foundation Inc Carlstadt, NJ | $0 | $0 |