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Nonprofiteer
← REFED INC

Form 990 for tax year 2022

Filed by REFED INC.

Totals

Total revenue
$5,483,716
Total expenses
$4,840,302
Contributions and grants received
$5,277,223
Grants paid
$265,000
Program service revenue
$206,159
Investment income
$334
Other revenue
$0
Total assets, end of year
$3,888,431
Total liabilities, end of year
$303,527
Net assets or fund balances, end of year
$3,584,904
Program services expenses (Part IX)
$3,676,947
Management and general expenses
$699,202
Fundraising expenses
$464,153
Program service expenses (Part III)
$3,676,947

Program services were 76.0% 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.

  • 1f · All other contributions, gifts and grants

    $5,277,223

  • 2a · Program service revenue: CONFERENCE FEES

    total $147,572 · related or exempt $147,572

  • 2b · Program service revenue: FEES FOR SERVICE

    total $58,587 · related or exempt $58,587

  • 3 · Investment income

    total $334 · excluded $334

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $265,000 · program services $265,000

  • 5 · Compensation of officers, directors and key employees

    total $288,830 · program services $173,298 · management and general $57,766 · fundraising $57,766

  • 7 · Other salaries and wages

    total $1,937,644 · program services $1,403,891 · management and general $255,908 · fundraising $277,845

  • 8 · Pension plan contributions

    total $57,260 · program services $39,704 · management and general $10,115 · fundraising $7,441

  • 9 · Other employee benefits

    total $278,599 · program services $189,791 · management and general $50,337 · fundraising $38,471

  • 10 · Payroll taxes

    total $180,493 · program services $128,150 · management and general $25,269 · fundraising $27,074

  • 11b · Fees: legal

    total $41,339 · program services $29,413 · management and general $11,926

  • 11c · Fees: accounting

    total $79,800 · management and general $79,800

  • 11g · Fees: other

    total $1,069,186 · program services $944,065 · management and general $98,832 · fundraising $26,289

  • 13 · Office expenses

    total $201,644 · program services $139,112 · management and general $38,300 · fundraising $24,232

  • 14 · Information technology

    total $51,610 · program services $51,610

  • 16 · Occupancy

    total $45,665 · program services $43,088 · management and general $750 · fundraising $1,827

  • 17 · Travel

    total $177,153 · program services $117,937 · management and general $56,008 · fundraising $3,208

  • 19 · Conferences, conventions and meetings

    total $163,580 · program services $151,888 · management and general $11,692

  • 23 · Insurance

    total $2,499 · management and general $2,499

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,134,698 · end of year $876,835

  • 2 · Savings and temporary cash investments

    beginning of year $835,256 · end of year $835,590

  • 3 · Pledges and grants receivable

    end of year $2,047,500

  • 4 · Accounts receivable

    beginning of year $245,000 · end of year $54,088

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,170 · end of year $51,828

  • 15 · Other assets

    beginning of year $2,089 · end of year $22,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $202,109 · end of year $227,517

  • 19 · Deferred revenue

    beginning of year $101,614 · end of year $76,010

  • 27 · Net assets without donor restrictions

    beginning of year $1,822,175 · end of year $1,790,431

  • 28 · Net assets with donor restrictions

    beginning of year $1,119,315 · end of year $1,794,473

Mission and programs · 2022

Mission

REFED IS A NATIONAL NONPROFIT DEDICATED TO ENDING FOOD LOSS AND WASTE ACROSS THE U.S. FOOD SYSTEM BY ADVANCING DATA-DRIVEN SOLUTIONS. OUR VISION IS A SUSTAINABLE, RESILIENT, AND INCLUSIVE FOOD SYSTEM THAT OPTIMIZES ENVIRONMENTAL RESOURCES, MINIMIZES CLIMATE IMPACTS, AND MAKES THE BEST USE OF THE FOOD WE GROW.

  • DATA & INSIGHTS PROGRAM SERVICE ACCOMPLISHMENTS : IN 2022 WE BEGAN BACKEND DEVELOPMENT AND DATA MANAGEMENT EFFORTS TO PREPARE FOR THE FIRST-EVER UPDATE TO THE INSIGHTS ENGINE, THE LEADING SOURCE OF DATA AND INFORMATION ON FOOD LOSS AND WASTE IN THE UNITED STATES. THE POLICY FINDER (A COMPONENT OF THE INSIGHTS ENGINE) WAS UPDATED IN 2022. IT IS A TOOL BEING USED BY POLICY MAKERS AND PUBLIC OFFICIALS AT CITY, STATE, AND REGIONAL LEVELS TO FIND BEST PRACTICES AND INNOVATIVE SOLUTIONS THAT CAN DRIVE FOOD SYSTEM CHANGE WHERE NEEDED. THE INSIGHTS ENGINE HAS HAD 52,000 USERS WITH 871 USE CASES DEMONSTRATING HOW THE TOOL HAS DIRECTED POLICY, GOVERNMENT PLANNING, AND BUSINESS INTERVENTIONS.

    Expenses $1,200,533

  • CAPITAL, INNOVATION, & ENGAGEMENT PROGRAM SERVICE ACCOMPLISHMENTS : CAPITAL & INNOVATION LAUNCHED THE CAPITAL TRACKER, PROVIDED MONTHLY DEAL FLOW REPORTS AND ANALYSES OF FUNDING OPPORTUNITIES TO SCALE SOLUTIONS, AND LAUNCHED OUR FOOD WASTE FUNDER CIRCLE. THE CAPITAL TRACKER IS BEING USED BY INVESTORS TO SEE WHERE THERE ARE OPPORTUNITIES THAT CAN FILL GAPS TO ADDRESS FOOD LOSS AND WASTE AS A BUSINESS PROPOSITION, AND WE HAVE TRACKED MORE THAN $888M IN DEAL FLOW TO DATE. THE FOOD WASTE FUNDER CIRCLE HOSTED NINE PITCH EVENTS FEATURING THREE COMPANIES EACH, REACHING 144 FOOD WASTE FUNDER CIRCLE MEMBERS (FWFC). MOST NOTABLY WE ESTABLISHED OUR CATALYTIC GRANT FUND THAT DIRECTS PHILANTHROPIC FUNDS TO ORGANIZATIONS OFFERING THE PROMISE OF FOOD LOSS AND WASTE REDUCTION. THE FIRST OPEN CALL OF THE CATALYTIC GRANT FUND IN NOVEMBER 2022 RECEIVED GRANT APPLICATIONS IN EXCESS OF $99M FROM 270 ORGANIZATIONS.

    Expenses $1,162,450 · Grants $265,000 · Revenue $206,159

  • BUSINESS INITIATIVES PROGRAM SERVICE ACCOMPLISHMENTS : WE LAUNCHED A BUSINESS ENGAGEMENT SUITE OF SERVICES AND WITNESSED REAL FOOD LOSS AND WASTE REDUCTIONS IN OUR PACIFIC COAST FOOD WASTE COMMITMENT, A PRIVATE-PUBLIC PARTNERSHIP FOCUSED ON FOOD LOSS AND WASTE, AND ENGAGED IN STATE AND FEDERAL POLICY ADVISEMENT. OUR BUSINESS ENGAGEMENT SERVICES WORKED WITH ITS FIRST FIVE PILOT COMPANIES, REPRESENTING REGIONAL AND NATIONAL RETAILERS. THE PACIFIC COAST FOOD WASTE COMMITTMENT REPRESENTS 15 BUSINESS SIGNATORIES ACTIVELY, INCLUDING 51% OF WEST COAST FOOD RETAILERS. THE PROJECT RAN PILOTS OF DIFFERENT FOOD WASTE INTERVENTIONS AND PUBLISHED PUBLIC CASE STUDIES WITH SEVERAL OF THE PARTICIPATING SIGNATORIES. WE ALSO COMPLETED PILOT TESTING OF A CUSTOM DATA REPORTING AND ANALYTICS TOOL TO BE FURTHER DEVELOPED AND ROLLED OUT TO BUSINESSES IN 2023.

    Expenses $1,002,455

  • DIVERSITY, EQUITY, INCLUSION PROGRAM SERVICE ACCOMPLISHMENTS : CONDUCTED INTERNAL STAFF TRAINING PROGRAMS TO EDUCATE EMPLOYEES ON VARIOUS ASPECTS OF DIVERSITY, EQUITY, INCLUSION AND JUSTICE AND THE WAYS IN WHICH THEY INTERSECT WITH REFED'S WORK ON FOOD WASTE. REFED HIRED ITS FIRST DEIJ FELLOW TO LEAD A YEAR-LONG WORKSTREAM TO CONDUCT A LANDSCAPE ASSESSMENT TO FURTHER INVESTIGATE THESE INTERSECTIONS AND BEGIN WORK ON A PUBLIC REPORT. STAFF ALSO CONDUCTED THE FIRST HALF OF AN INTERNAL DEIJ ASSESSMENT TO IDENTIFY OPPORTUNITIES FOR GREATER INTEGRATION OF DEIJ WORK INTO THE ORGANIZATION'S INTERNAL POLICIES AND PROCESSES AND EXTERNAL-FACING PROGRAMMING AND STRATEGIES.

    Expenses $311,509

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PAMELA MURPHY

    CHAIR, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • STEVEN SWARTZ

    TREASURER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • EMILY MA

    SECRETARY, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • YALMAZ SIDDIQUI

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • CHARLES C SAVITT

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • STACEY G KOEHNKE

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • EDUARDO ROMERO

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • SHASHANK MOHAN

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY RHODES

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • ERIC WOODS

    MEMBER, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • DANA GUNDERS RIVERO

    EXECUTIVE DIRECTOR

    Total calculated
    $288,830
    From this org
    $256,039
    From related orgs
    $0
    Other
    $32,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,039
    Bonus
    $0
    Other
    $0
    Deferred
    $9,589
    Nontaxable benefits
    $23,202
    Filer's total
    $288,830

  • ALEXANDRIA COARI

    VP, CAPITAL, INNOVATION, & ENGAGEMENT

    Total calculated
    $177,635
    From this org
    $161,959
    From related orgs
    $0
    Other
    $15,676
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,959
    Bonus
    $0
    Other
    $0
    Deferred
    $6,208
    Nontaxable benefits
    $9,468
    Filer's total
    $177,635

  • SHAWN SHEPHERD

    DEVELOPMENT DIRECTOR

    Total calculated
    $161,277
    From this org
    $148,800
    From related orgs
    $0
    Other
    $12,477
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,800
    Bonus
    $0
    Other
    $0
    Deferred
    $5,755
    Nontaxable benefits
    $6,722
    Filer's total
    $161,277

  • JEFFREY COSTANTINO

    COMMUNICATIONS DIRECTOR

    Total calculated
    $155,799
    From this org
    $134,756
    From related orgs
    $0
    Other
    $21,043
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,756
    Bonus
    $0
    Other
    $0
    Deferred
    $5,273
    Nontaxable benefits
    $15,770
    Filer's total
    $155,799

  • KATHLEEN FRANKLIN

    OPERATIONS DIRECTOR

    Total calculated
    $149,180
    From this org
    $126,270
    From related orgs
    $0
    Other
    $22,910
    Hours/week
    40

  • ASCH HARWOOD

    VP, DATA & INSIGHTS

    Total calculated
    $179,520
    From this org
    $147,181
    From related orgs
    $0
    Other
    $32,339
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,181
    Bonus
    $0
    Other
    $0
    Deferred
    $553
    Nontaxable benefits
    $31,786
    Filer's total
    $179,520

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 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD APPROVES THE COMPENSATION OF ALL EXECUTIVE EMPLOYEES.

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

Provenance

Return type
form_990
Tax year
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202323039349301702

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