Food for Soul Inc

Nonprofit profile at a glance

EIN
831434658
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2018
Location
Liverpool, NY, USA
Phone
4019960390
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Food Programs

Official website

Reported finances

Revenue
$830,428
Expenses
$697,544
Assets
$336,338
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • LARA TROLY GILMORE (PRESIDENT)
  • JILL CONKLIN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JILL CONKLIN (EXECUTIVE DIRECTOR): $127,200 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Food for soul, inc. Helps to create inclusive and beautiful community kitchens in which not only our guests, people in need and in vulnerable conditions, can feel welcomed and inspired - our refettorios are spaces for everyone, because the doors are always open. Chefs are invited to transform surplus food, otherwise wasted, into nutritious and healthy meals. Their creativity and expertise are essential to turn discarded or ordinary ingredients into something extraordinary. Volunteers are invited to serve guests at the table, to call them by their names, to create human contacts. Designers and artists turn neglected spaces into inspiring hubs full of art, design and beauty.

What it reported doing in 2024

In 2024, food for soul continued expansion development, including socioeconomic research, beneficiary and stakeholder needs assessments and feasibility studies, for new refettorio cultural and community projects in the following areas: nairobi, kenya; bogota, colombia; lima and trujillo peru; milwaukee, Wisconsin, New York city, detroit, Michigan and Illinois, USA, santo domingo, dr, lyon, france, and asia pacific. Project plans remain for chicago, il, USA and los angeles, California, USA until a site is secured for acting as the main premises for services. Food for soul's expansion development projections by 2026 to be a 25% increase in beneficiaries as projects expand food assistance initiatives to meet the needs of increase food insecurity. Our collective refettorio network has the following 2024 impact statistics: 2471 t food saved from waste, 3.97 million meals with the support of +170k volunteers.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 62% for direct work, and 38% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 94
  • Accountability: 74
  • Sustainability: 53
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.2%; rating input score 62
  • Program expense ratio: 74%; rating input score 74
  • Fundraising efficiency: $22.54 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 0.48; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 18.2%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: -2.5% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: 10.6% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: -13.4% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 62.2% of revenue deployed · 74% of spending went to programs
  • Governance: 2 of 2 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $516K in reported program spending
  • Leadership: top reported pay $127K · 3 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.