Edesia Inc
- Assets
- $154.8m
- Revenue
- $185.7m
- Investments
- $0.0
- Employees
- 193
- Location
- North Kingstown, RI
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 26-0359866
Organization Overview
Edesia Inc is located in North Kingstown, RI. The organization was established in 2009. 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 12/2023, Edesia Inc employed 193 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edesia 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 12/2023, Edesia Inc generated $185.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $97.8m during the year ending 12/2023. While expenses have increased by 15.7% per year over the past 9 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO TREAT AND PREVENT MALNUTRITION IN THE WORLD'S MOST VULNERABLE POPULATIONS.
Describe the Organization's Program Activity:
PRODUCE HIGH-QUALITY READY-TO-USE FOODS AND SUPPORT LOCAL PRODUCERS OF READY-TO-USE FOODS IN THE DEVELOPING WORLD (CURRENTLY PLUMPY'NUT, PLUMPY'SUP, PLUMPY'DOZ AND NUTRIBUTTER) FOR HUMANITARIAN ORGANIZATIONS AND NON-PROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Navyn Salem President | OfficerTrustee | 40 | $0 |
David Duffell Secretary (to 6/23)/director | Trustee | 1 | $0 |
Adeline Lescanne Director | Trustee | 1 | $0 |
Kristen Grimm Director | Trustee | 1 | $0 |
Dele Olojede Director | Trustee | 1 | $0 |
Bonnie Glick Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chelsea Realty Llc Rent | 12/30/23 | $500,000 |
Monroe Staffing Services Llc Staffing Services | 12/30/23 | $362,210 |
Jrm Electric Llc Electrical Services And Installation | 12/30/23 | $265,440 |
Robert Wenglinski Management And Production Consultant | 12/30/23 | $184,014 |
Mtg Disposal Llc Rubbish Removal | 12/30/23 | $128,449 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,577,715 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,146,877 |
| Noncash contributions included in lines 1a–1f | $100,051 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,724,592 |
| Total Program Service Revenue | $109,774,051 |
| Investment income | $1,310,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $173,936 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,704,101 |
| 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. | $652,868 |
| Compensation of current officers, directors, key employees. | $326,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,033,047 |
| Pension plan accruals and contributions | $295,740 |
| Other employee benefits | $550,564 |
| Payroll taxes | $834,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,212 |
| Fees for services: Accounting | $76,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,960 |
| Fees for services: Other | $551,176 |
| Advertising and promotion | $0 |
| Office expenses | $187,193 |
| Information technology | $587,873 |
| Royalties | $409,000 |
| Occupancy | $4,910,442 |
| Travel | $197,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,011,397 |
| Insurance | $312,033 |
| All other expenses | $1,176,557 |
| Total functional expenses | $97,811,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,980,196 |
| Savings and temporary cash investments | $8,766,353 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,856,630 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,658,269 |
| Prepaid expenses and deferred charges | $918,186 |
| Net Land, buildings, and equipment | $11,288,933 |
| Investments—publicly traded securities | $82,244,419 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,131,649 |
| Total assets | $154,844,635 |
| Accounts payable and accrued expenses | $7,351,051 |
| Grants payable | $0 |
| Deferred revenue | $2,980,000 |
| 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 | $50,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,178,054 |
| Total liabilities | $19,559,105 |
| Net assets without donor restrictions | $70,285,530 |
| Net assets with donor restrictions | $65,000,000 |
| 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 | $154,844,635 |