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Nonprofiteer
← EDESIA INC

Form 990 for tax year 2022

Filed by EDESIA INC.

Totals

Total revenue
$85,460,693
Total expenses
$77,331,660
Contributions and grants received
$10,923,199
Grants paid
$0
Program service revenue
$74,392,667
Investment income
$42,817
Other revenue
$102,010
Total assets, end of year
$64,305,173
Total liabilities, end of year
$17,694,019
Net assets or fund balances, end of year
$46,611,154
Program services expenses (Part IX)
$73,360,783
Management and general expenses
$3,805,716
Fundraising expenses
$165,161
Program service expenses (Part III)
$73,360,783

Program services were 94.9% 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)

    $3,436,879

  • 1f · All other contributions, gifts and grants

    $7,486,320

  • 1g · Noncash contributions included above

    $750,000

  • 2a · Program service revenue: PRODUCT SALES

    total $74,392,667 · related or exempt $72,731,500 · unrelated business $1,661,167

  • 3 · Investment income

    total $167,180 · excluded $167,180

  • 7a · Gross sales of assets other than inventory

    securities $1,528,895 · other assets $4,000

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

    securities $1,610,261 · other assets $46,997

  • 7c · Gain or loss

    securities -$81,366 · other assets -$42,997

  • 7d · Net gain or loss

    total -$124,363 · excluded -$124,363

  • 11a · Other revenue: OTHER INCOME/LOSS

    total $102,760 · related or exempt $102,760

  • 11b · Other revenue: GAIN/LOSS ON FOREIGN E

    total -$750 · related or exempt -$750

  • 11e · Other revenue, total

    $102,010

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,021,981 · program services $593,820 · management and general $428,161

  • 7 · Other salaries and wages

    total $6,706,608 · program services $6,499,188 · management and general $70,351 · fundraising $137,069

  • 8 · Pension plan contributions

    total $235,040 · program services $227,742 · management and general $7,298

  • 9 · Other employee benefits

    total $448,152 · program services $446,191 · management and general $1,961

  • 10 · Payroll taxes

    total $696,464 · program services $643,886 · management and general $42,041 · fundraising $10,537

  • 11b · Fees: legal

    total $1,175 · management and general $1,175

  • 11c · Fees: accounting

    total $75,000 · management and general $75,000

  • 11f · Fees: investment management

    total $11,970 · management and general $11,970

  • 11g · Fees: other

    total $292,735 · management and general $292,735

  • 13 · Office expenses

    total $180,804 · program services $131,618 · management and general $32,321 · fundraising $16,865

  • 14 · Information technology

    total $468,992 · program services $329,570 · management and general $138,732 · fundraising $690

  • 15 · Royalties

    total $425,000 · program services $425,000

  • 16 · Occupancy

    total $3,410,710 · program services $3,155,459 · management and general $255,251

  • 17 · Travel

    total $154,835 · program services $22 · management and general $154,813

  • 20 · Interest

    total $26,504 · program services $12,579 · management and general $13,925

  • 22 · Depreciation, depletion and amortization

    total $1,775,260 · program services $1,643,302 · management and general $131,958

  • 23 · Insurance

    total $280,940 · program services $224,752 · management and general $56,188

  • 24a · Other expenses: COMMERICAL RAW MATERIAL

    total $2,046,104 · management and general $2,046,104

  • 24b · Other expenses: RAW MATERIALS

    total $56,174,088 · program services $56,174,088

  • 24c · Other expenses: SHIPPING COSTS

    total $1,583,627 · program services $1,583,627

  • 24d · Other expenses: PRODUCT TESTING

    total $903,179 · program services $903,179

  • 24e · All other expenses

    total $412,492 · program services $366,760 · management and general $45,732

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,497,385 · end of year $6,972,230

  • 2 · Savings and temporary cash investments

    beginning of year $2,096,094 · end of year $3,147,555

  • 4 · Accounts receivable

    beginning of year $9,835,034 · end of year $16,765,230

  • 8 · Inventories for sale or use

    beginning of year $14,843,147 · end of year $13,182,250

  • 9 · Prepaid expenses and deferred charges

    beginning of year $624,905 · end of year $699,565

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

    $24,736,010

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

    $18,266,508

  • 10c · Land, buildings and equipment, net

    beginning of year $5,123,338 · end of year $6,469,502

  • 11 · Investments: publicly traded securities

    beginning of year $6,181,766 · end of year $7,486,205

  • 15 · Other assets

    beginning of year $11,845 · end of year $9,582,636

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,862,760 · end of year $8,172,068

  • 19 · Deferred revenue

    beginning of year $485,779

  • 23 · Secured mortgages and notes payable

    beginning of year $898,633 · end of year $343,897

  • 25 · Other liabilities

    beginning of year $0 · end of year $9,178,054

  • 27 · Net assets without donor restrictions

    beginning of year $38,966,342 · end of year $46,611,154

Mission and programs · 2022

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 $73,360,783 · Revenue $72,833,510

As filed on the 2022 return.

Listed in Part VII

  • NAVYN SALEM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • PAUL SALEM

    TREASURER (TO 10/22)

    Total calculated
    $0
    Hours/week
    4

  • DAVID DUFFELL

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • ANNIE ABBRUZZESE

    DIRECTOR (TO 10/22)

    Total calculated
    $0
    Hours/week
    1

  • BERNIE BEAUDREAU

    DIRECTOR (TO 10/22)

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH COX

    DIRECTOR (TO 10/22)

    Total calculated
    $0
    Hours/week
    1

  • MARY GENE CLAVIN

    DIRECTOR (TO 10/22)

    Total calculated
    $0
    Hours/week
    1

  • STEVE LUTTERBECK

    DIRECTOR (TO 10/22)

    Total calculated
    $0
    Hours/week
    1

  • ADELINE LESCANNE

    DIRECTOR (AS OF 2/22)

    Total calculated
    $0
    Hours/week
    1

  • KRISTEN GRIMM

    DIRECTOR (AS OF 2/22)

    Total calculated
    $0
    Hours/week
    1

  • DELE OLOJEDE

    DIRECTOR (AS OF 2/22)

    Total calculated
    $0
    Hours/week
    1

  • BONNIE GLICK

    DIRECTOR (AS OF 2/22)

    Total calculated
    $0
    Hours/week
    1

  • DOLF VAN DER BRINK

    DIRECTOR (AS OF 2/22)

    Total calculated
    $0
    Hours/week
    1

  • LYNEE UTTER

    DIRECTOR (AS OF 2/22)

    Total calculated
    $0
    Hours/week
    1

  • MARIA KASPARIAN

    EXECUTIVE DIRECTOR

    Total calculated
    $187,722
    From this org
    $165,474
    From related orgs
    $0
    Other
    $22,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,474
    Bonus
    $0
    Other
    $0
    Deferred
    $5,190
    Nontaxable benefits
    $17,058
    Filer's total
    $187,722

  • JOHN BUCCI

    FORMER CFO (TO 07/22)

    Total calculated
    $43,836
    From this org
    $42,150
    From related orgs
    $0
    Other
    $1,686
    Hours/week
    40

  • RONALD J YANKU

    VICE PRESIDENT/FACTORY DIRECTOR

    Total calculated
    $143,681
    From this org
    $129,416
    From related orgs
    $0
    Other
    $14,265
    Hours/week
    40

  • TOM STEHL

    DEPUTY DIRECTOR

    Total calculated
    $177,116
    From this org
    $153,973
    From related orgs
    $0
    Other
    $23,143
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,973
    Bonus
    $0
    Other
    $0
    Deferred
    $6,159
    Nontaxable benefits
    $16,984
    Filer's total
    $177,116

  • BRIAN O'FARRELL

    CHIEF FINANCIAL OFFICER

    Total calculated
    $104,454
    From this org
    $97,571
    From related orgs
    $0
    Other
    $6,883
    Hours/week
    40

  • JOHN CLARK

    DIRECTOR OF MANUFACTURING

    Total calculated
    $187,637
    From this org
    $175,320
    From related orgs
    $0
    Other
    $12,317
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,320
    Bonus
    $0
    Other
    $0
    Deferred
    $5,483
    Nontaxable benefits
    $6,834
    Filer's total
    $187,637

  • BRIAN DUGAS

    DIRECTOR OF IT

    Total calculated
    $177,537
    From this org
    $172,652
    From related orgs
    $0
    Other
    $4,885
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,652
    Bonus
    $0
    Other
    $0
    Deferred
    $4,680
    Nontaxable benefits
    $205
    Filer's total
    $177,537

  • CAROLINE OGONOWSKI

    CHIEF OF STAFF

    Total calculated
    $161,403
    From this org
    $149,350
    From related orgs
    $0
    Other
    $12,053
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,350
    Bonus
    $0
    Other
    $0
    Deferred
    $5,974
    Nontaxable benefits
    $6,079
    Filer's total
    $161,403

  • AMANDA WALLACK

    DEVELOPMENT DIRECTOR

    Total calculated
    $138,816
    From this org
    $133,477
    From related orgs
    $0
    Other
    $5,339
    Hours/week
    40

  • ANDREW KAMARA

    LOGISTICS DIRECTOR

    Total calculated
    $127,631
    From this org
    $122,722
    From related orgs
    $0
    Other
    $4,909
    Hours/week
    40

  • JENNIFER PHILLIPS

    SALES AND OPERATIONS DIRECTOR

    Total calculated
    $126,732
    From this org
    $121,858
    From related orgs
    $0
    Other
    $4,874
    Hours/week
    40

  • NICOLE ILIC

    NUTRITION AND RESEARCH DIRECTOR

    Total calculated
    $122,794
    From this org
    $118,868
    From related orgs
    $0
    Other
    $3,926
    Hours/week
    40

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
2022
Filed
6 October 2023
IRS schema version
2022v5.0
Source object
202322799349301812

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