Foodcycle
- Assets
- $140.0k
- Revenue
- $538.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Los Angeles, CA
- Founding
- 04/2015
- Data as of
- 07/2023
- EIN
- 47-1615623
Organization Overview
Foodcycle is located in Los Angeles, CA. The organization was established in 2015. 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 07/2023, Foodcycle employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foodcycle 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 07/2023, Foodcycle generated $538.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 41.5% each year . All expenses for the organization totaled $525.8k during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PICKING UP FOOD AND DELIVERING IT TO NON-PROFIT ORGANIZATIONS THAT HELP FOOD INSECURE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PICK UP FOOD FROM VARIOUS BUSINESSES AND FARMERS MARKETS AND DELIVER IT TO NON-PROFIT ORGANIZATIONS THAT SERVE FOOD INSECURE COMMUNITIES, SUCH AS: THE CENTER AT BLESSED SACRAMENT, MY FRIENDS PLACE, GOOD SHEPHERD CENTER FOR WOMEN AND CHILDREN, AND GREATER WEST HOLLYWOOD FOOD COALITION.
WE PARTICIPATE IN THE LOS ANGELES FOOD POLICY COUNCIL, WHICH IS A GROUP WORKING TO AFFECT POLICY AND TO HELP CREATE A MORE EQUITABLE AND SUSTAINABLE FOOD SYSTEM.
WE DO WORK TO IDENTIFY GAPS IN THE FOOD SYSTEM THAT NEED TO BE ADDRESSED IN ORDER TO INCREASE FOOD RECOVERY. WE DO THIS BY CREATING A DATA BASE OF ALL THE PLACES THAT CAN USE FOOD, AND BY WORKING ON OUTREACH AND EDUCATION PROGRAMS THAT WILL INCREASE FOOD RECOVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Beyda Executive Dir. | OfficerTrustee | 30 | $0 |
Alex Rose President | OfficerTrustee | 0 | $0 |
Stuart Sender Secretary | OfficerTrustee | 0 | $0 |
Annette Sikand Treasurer | OfficerTrustee | 0 | $0 |
Gwendolyn Young Board Member | Trustee | 0 | $0 |
Jon Owyang Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,210 |
| Total Program Service Revenue | $351,899 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$286 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $538,834 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $261,542 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,372 |
| Advertising and promotion | $0 |
| Office expenses | $2,219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,481 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,798 |
| Insurance | $0 |
| All other expenses | $62,852 |
| Total functional expenses | $525,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,252 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $68,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $139,950 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,016 |
| Total liabilities | $16,016 |
| Net assets without donor restrictions | $123,934 |
| 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 | $139,950 |