Edesia Inc
- Assets
- $34.6m
- Revenue
- $45.5m
- Investments
- $0.0
- Employees
- 145
- Location
- North Kingstown, RI
- Founding
- 04/2009
- Data as of
- 12/2020
- 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 12/2021, Edesia Inc employed 145 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 12/2020, Edesia Inc generated $45.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $42.6m during the year ending 12/2020. While expenses have increased by 8.4% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
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 |
|---|---|---|---|
Ronald J Yanku Vice President/factory Dir | Officer | 40 | $175,598 |
John Bucci Assistant Treasurer/cfo | Officer | 40 | $160,950 |
Brian Dugas Sr. It Manager | Officer | 40 | $160,000 |
Maria Kasparian Executive Director | Officer | 40 | $156,060 |
John Clark Director Of Manufacturing | 40 | $155,000 | |
Caroline Ogonowski Chief Of Staff | 40 | $145,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chelsea Realty Llc Rent | 12/30/21 | $500,000 |
Monroe Staffing Services Llc Staffing Services | 12/30/21 | $101,962 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,158,394 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,126,973 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,285,367 |
| Total Program Service Revenue | $38,958,468 |
| Investment income | $195,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,509 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,463,901 |
| 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. | $698,760 |
| Compensation of current officers, directors, key employees. | $299,921 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,732,567 |
| Pension plan accruals and contributions | $155,274 |
| Other employee benefits | $499,339 |
| Payroll taxes | $471,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,412 |
| Fees for services: Accounting | $53,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $232,502 |
| Advertising and promotion | $78,164 |
| Office expenses | $264,366 |
| Information technology | $450,323 |
| Royalties | $614,258 |
| Occupancy | $2,860,779 |
| Travel | $20,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75,499 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,741,590 |
| Insurance | $201,988 |
| All other expenses | $294,929 |
| Total functional expenses | $42,596,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,620,965 |
| Savings and temporary cash investments | $9,937,119 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,205,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,454,259 |
| Prepaid expenses and deferred charges | $517,061 |
| Net Land, buildings, and equipment | $4,884,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,123 |
| Total assets | $34,638,112 |
| Accounts payable and accrued expenses | $1,309,743 |
| Grants payable | $0 |
| Deferred revenue | $9,287 |
| 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 | $2,137,793 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,456,823 |
| Net assets without donor restrictions | $31,181,289 |
| Net assets with donor restrictions | $0 |
| 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 | $34,638,112 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Edesia Inc has recieved totaling $320,880.
| Awarding Organization | Amount |
|---|---|
Aloha Foundation Tr Boston, MA PURPOSE: SUPPLIES | $170,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $61,340 |
Dunn Family Charitable Foundation Andover, MA PURPOSE: UNRESTRICTED GIFT | $25,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $14,152 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $13,294 |
Billy Andrade-Brad Faxon Charities For Children Inc Providence, RI PURPOSE: CHILDREN CHARITY FUNDING FOR HEALTH, EDUCATION & WELFARE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edesia Inc North Kingstown, RI | $34,638,112 | $45,463,901 |
Project Bread - The Walk For Hunger Inc East Boston, MA | $11,948,413 | $15,098,686 |
Boston Area Gleaners Inc Acton, MA | $5,396,284 | $7,361,756 |
Urban Food Initiative Dorchester, MA | $4,670,593 | $4,930,418 |
Lasagna Love Inc Williamstown, MA | $142,703 | $3,275,591 |
Food Link Inc Arlington, MA | $6,530,606 | $4,394,234 |
Island Grown Initiative Ltd Vineyard Haven, MA | $8,457,052 | $3,594,169 |
We Share Hope Rumford, RI | $641,467 | $2,386,807 |
My Brothers Table Inc Lynn, MA | $2,689,609 | $2,553,302 |
Shoreline Soup Kitchens & Pantries Essex, CT | $2,679,638 | $2,673,494 |
Mill City Grows Inc Lowell, MA | $1,606,872 | $1,537,965 |
Chabad Jewish Center Of Stamford Inc Stamford, CT | $1,525,483 | $1,219,371 |