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Nonprofiteer
← EDESIA INC

Form 990 for tax year 2023

Filed by EDESIA INC.

Totals

Total revenue
$185,704,101
Total expenses
$97,811,211
Contributions and grants received
$73,724,592
Grants paid
$0
Program service revenue
$109,774,051
Investment income
$1,484,761
Other revenue
$720,697
Total assets, end of year
$154,844,635
Total liabilities, end of year
$19,559,105
Net assets or fund balances, end of year
$135,285,530
Program services expenses (Part IX)
$94,823,783
Management and general expenses
$2,751,846
Fundraising expenses
$235,582
Program service expenses (Part III)
$94,823,783

Program services were 96.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,577,715

  • 1f · All other contributions, gifts and grants

    $71,146,877

  • 1g · Noncash contributions included above

    $100,051

  • 2a · Program service revenue: PRODUCT SALES

    total $109,774,051 · related or exempt $109,774,051 · unrelated business $0

  • 3 · Investment income

    total $1,310,825 · excluded $1,310,825

  • 7a · Gross sales of assets other than inventory

    securities $544,130 · other assets $146,411

  • 7b · Less cost or other basis and sales expenses

    securities $496,698 · other assets $19,907

  • 7c · Gain or loss

    securities $47,432 · other assets $126,504

  • 7d · Net gain or loss

    total $173,936 · excluded $173,936

  • 11a · Other revenue: OTHER INCOME/LOSS

    total $720,736 · related or exempt $720,736

  • 11b · Other revenue: FOREIGN EXCHANGE GAIN/

    total -$39 · related or exempt -$39

  • 11e · Other revenue, total

    $720,697

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $652,868 · program services $326,434 · management and general $326,434

  • 7 · Other salaries and wages

    total $10,033,047 · program services $9,664,355 · management and general $189,128 · fundraising $179,564

  • 8 · Pension plan contributions

    total $295,740 · program services $287,074 · management and general $8,666

  • 9 · Other employee benefits

    total $550,564 · program services $546,418 · management and general $4,146

  • 10 · Payroll taxes

    total $834,095 · program services $759,197 · management and general $34,205 · fundraising $40,693

  • 11b · Fees: legal

    total $2,212 · management and general $2,212

  • 11c · Fees: accounting

    total $76,375 · management and general $76,375

  • 11f · Fees: investment management

    total $12,960 · management and general $12,960

  • 11g · Fees: other

    total $551,176 · management and general $551,176

  • 13 · Office expenses

    total $187,193 · program services $138,157 · management and general $33,861 · fundraising $15,175

  • 14 · Information technology

    total $587,873 · program services $367,731 · management and general $219,992 · fundraising $150

  • 15 · Royalties

    total $409,000 · program services $409,000

  • 16 · Occupancy

    total $4,910,442 · program services $4,654,122 · management and general $256,320

  • 17 · Travel

    total $197,373 · management and general $197,373

  • 20 · Interest

    total $19,216 · management and general $19,216

  • 22 · Depreciation, depletion and amortization

    total $2,011,397 · program services $1,854,627 · management and general $156,770

  • 23 · Insurance

    total $312,033 · program services $249,626 · management and general $62,407

  • 24a · Other expenses: COMMERICAL RAW MATERIAL

    total $34,341 · management and general $34,341

  • 24b · Other expenses: RAW MATERIALS

    total $71,207,697 · program services $71,207,697

  • 24c · Other expenses: SHIPPING COSTS

    total $2,543,269 · program services $2,543,269

  • 24d · Other expenses: PRODUCT TESTING

    total $1,205,783 · program services $1,205,783

  • 24e · All other expenses

    total $1,176,557 · program services $610,293 · management and general $566,264

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,972,230 · end of year $8,980,196

  • 2 · Savings and temporary cash investments

    beginning of year $3,147,555 · end of year $8,766,353

  • 4 · Accounts receivable

    beginning of year $16,765,230 · end of year $6,856,630

  • 8 · Inventories for sale or use

    beginning of year $13,182,250 · end of year $26,658,269

  • 9 · Prepaid expenses and deferred charges

    beginning of year $699,565 · end of year $918,186

  • 10a · Land, buildings and equipment: cost or other basis

    $31,407,156

  • 10b · Land, buildings and equipment: accumulated depreciation

    $20,118,223

  • 10c · Land, buildings and equipment, net

    beginning of year $6,469,502 · end of year $11,288,933

  • 11 · Investments: publicly traded securities

    beginning of year $7,486,205 · end of year $82,244,419

  • 15 · Other assets

    beginning of year $9,582,636 · end of year $9,131,649

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,748,908 · end of year $7,351,051

  • 19 · Deferred revenue

    end of year $2,980,000

  • 23 · Secured mortgages and notes payable

    beginning of year $343,897 · end of year $50,000

  • 25 · Other liabilities

    beginning of year $9,601,214 · end of year $9,178,054

  • 27 · Net assets without donor restrictions

    beginning of year $46,611,154 · end of year $70,285,530

  • 28 · Net assets with donor restrictions

    end of year $65,000,000

Mission and programs · 2023

Mission

EDESIA'S MISSION IS TO TREAT AND PREVENT MALNUTRITION IN THE WORLD'S MOST VULNERABLE POPULATIONS. COMBATTING MALNUTRITION AND POVERTY THROUGH THE MANUFACTURE AND DISTRIBUTION OF READY-TO-USE THERAPEUTIC FOODS.

Activities or mission (Part I)

TO TREAT AND PREVENT MALNUTRITION IN THE WORLD'S MOST VULNERABLE POPULATIONS.

  • 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.

    Expenses $94,823,783 · Revenue $110,494,748

As filed on the 2023 return.

Listed in Part VII

  • NAVYN SALEM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • DAVID DUFFELL

    SECRETARY (TO 6/23)/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ADELINE LESCANNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTEN GRIMM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DELE OLOJEDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BONNIE GLICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOLF VAN DER BRINK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LYNEE UTTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROLINE OGONOWSKI

    CHIEF OF STAFF/ SECRETARY (AS OF 6/23)

    Total calculated
    $173,551
    From this org
    $160,925
    From related orgs
    $0
    Other
    $12,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,925
    Bonus
    $0
    Other
    $0
    Deferred
    $6,563
    Nontaxable benefits
    $6,063
    Filer's total
    $173,551

  • BRIAN O'FARRELL

    CHIEF FINANCIAL OFFICER/ TREASURER

    Total calculated
    $235,187
    From this org
    $218,431
    From related orgs
    $0
    Other
    $16,756
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,431
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,756
    Filer's total
    $235,187

  • ANDREW KAMARA

    VICE PRESIDENT OF OPERATIONS (AS OF 6/23)

    Total calculated
    $177,405
    From this org
    $154,086
    From related orgs
    $0
    Other
    $23,319
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,086
    Bonus
    $0
    Other
    $0
    Deferred
    $6,511
    Nontaxable benefits
    $16,808
    Filer's total
    $177,405

  • MARIA KASPARIAN

    VICE PRESIDENT OF STRATEGIC PARTNRSHIPS

    Total calculated
    $200,412
    From this org
    $177,842
    From related orgs
    $0
    Other
    $22,570
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,842
    Bonus
    $0
    Other
    $0
    Deferred
    $5,814
    Nontaxable benefits
    $16,756
    Filer's total
    $200,412

  • TOM STEHL

    VICE PRESIDENT OF GROWTH (AS OF 6/23)

    Total calculated
    $217,271
    From this org
    $193,567
    From related orgs
    $0
    Other
    $23,704
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,567
    Bonus
    $0
    Other
    $0
    Deferred
    $6,928
    Nontaxable benefits
    $16,776
    Filer's total
    $217,271

  • JOHN CLARK

    PROJECT MANAGER/ ENGINEERING MANAGER (AS OF 6/23)

    Total calculated
    $208,555
    From this org
    $188,733
    From related orgs
    $0
    Other
    $19,822
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,733
    Bonus
    $0
    Other
    $0
    Deferred
    $7,833
    Nontaxable benefits
    $11,989
    Filer's total
    $208,555

  • BRIAN DUGAS

    DIRECTOR OF IT

    Total calculated
    $193,029
    From this org
    $185,787
    From related orgs
    $0
    Other
    $7,242
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,787
    Bonus
    $0
    Other
    $0
    Deferred
    $7,242
    Nontaxable benefits
    $0
    Filer's total
    $193,029

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
30 July 2024
IRS schema version
2023v5.1
Source object
202442129349300524

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