Lovin Spoonfuls Inc
- Assets
- $3.2m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Newton, MA
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 27-1810597
Organization Overview
Lovin Spoonfuls Inc is located in Newton, MA. The organization was established in 2010. According to its NTEE Classification (K19) the organization is classified as: Support N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Lovin Spoonfuls Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lovin Spoonfuls 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, Lovin Spoonfuls Inc generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $9.9m during the year ending 12/2021. While expenses have increased by 29.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOVIN' SPOONFULS IS AN ORGANIZATION THAT FACILITATES THE RECOVERY AND DISTRIBUTION OF HEALTHY, PERISHABLE FOOD THAT WOULD OTHERWISE BE DISCARDED. LOVIN' SPOONFULS WORKS EFFICIENTLY TO DELIVER THIS FOOD DIRECTLY TO THE COMMUNITY ORGANIZATIONS AND RESOURCES WHERE IT CAN HAVE THE GREATEST IMPACT. LOVIN' SPOONFULS IS COMMITTED TO ADDRESSING THE HEALTH, ENVIRONMENTAL AND ECONOMIC IMPACT THAT FOOD WASTE HAS ON OUR COMMUNITY. HEADQUARTED IN BOSTON, MA, LOVIN' SPOONFULS IS A 501(C)(3), NON-PROFIT ORGANIZATION. THE PLENTY PROGRAM AT LOVIN' SPOONFULS WILL PROVIDE BENEFICIARIES AND THOSE THAT THEY SERVE WITH THE EDUCATION, TOOLS AND KNOW-HOW THEY NEED TO STORE, PREPARE AND FURTHER UTILIZE THE FOOD THAT WE DELIVER TO THEM. THE PRIMARY GOALS INCLUDE FRESH, RESOURCEFUL PREPARATION AND THE SIMULTANEOUS EFFICIENCY AND MINIMIZATION OF KITCHEN WASTE AND EXCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELIVERY OF PERISHABLE/NONPERISHABLE AND UNSERVED FOODS DIRECTLY TO LOCAL CRISIS CENTERS, SOUP KITCHENS, FOOD BANKS, SHELTERS AND OTHER SOCIAL ASSISTANCE ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Stanley Founder/executive Director | OfficerTrustee | 40 | $140,108 |
Lauren Palumbo Chief Operating Officer | 40 | $116,195 | |
Sandy Cades Treasurer/cfo | OfficerTrustee | 2 | $0 |
Adam Kahn Secretary | OfficerTrustee | 2 | $0 |
Lisa Fall Chair | OfficerTrustee | 2 | $0 |
Andrew Youniss Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $104,895 |
| Related organizations | $0 |
| Government grants | $247,138 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,990,204 |
| Noncash contributions included in lines 1a–1f | $7,417,955 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,342,237 |
| Total Program Service Revenue | $0 |
| Investment income | $127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,370 |
| Net Income from Fundraising Events | -$47,876 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,326,279 |
| 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. | $143,504 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,390,442 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $166,216 |
| Payroll taxes | $164,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,599 |
| Advertising and promotion | $0 |
| Office expenses | $80,172 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,901 |
| Travel | $10,458 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,509 |
| Insurance | $7,683 |
| All other expenses | $51,531 |
| Total functional expenses | $9,936,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,734,375 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,080,951 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,907 |
| Net Land, buildings, and equipment | $335,434 |
| Investments—publicly traded securities | $12,529 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,214,196 |
| Accounts payable and accrued expenses | $103,197 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $144,032 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $247,229 |
| Net assets without donor restrictions | $1,809,442 |
| Net assets with donor restrictions | $1,157,525 |
| 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 | $3,214,196 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lovin Spoonfuls Inc has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
Middlesex Savings Charitable Foundation Inc Natick, MA PURPOSE: EXEMPT PURPOSE | $75,000 |
Middlesex Savings Charitable Foundation Inc Natick, MA PURPOSE: EXEMPT PURPOSE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lovin Spoonfuls Inc Newton, MA | $3,214,196 | $11,326,279 |
Slough Farm Foundation Edgartown, MA | $34,549,456 | $5,500,799 |
Cornell Agriculture And Food Technology Park Corporation Geneva, NY | $4,274,981 | $163,489 |
Educational Farm At Joppa Hill Bedford, NH | $293,425 | $489,862 |
Calvarys Mission Inc South Ozone Park, NY | $462,997 | $0 |
Echo Usa Inc East Meadow, NY | $0 | $0 |
Wedo Tibetan Buddhist Society Of New York Inc Bayside, NY | $28,275 | $0 |
Kitchen Work Foundation Housatonic, MA | $43,579 | $0 |