Foodcycle

Nonprofit profile at a glance

EIN
471615623
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-EZ 2019, Form 990-N 2015
Location
Los Angeles, CA, USA
Phone
3238979696
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Food Programs

Reported finances

Revenue
$1,163,388
Expenses
$1,021,890
Assets
$947,541
Liabilities
$204,992

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

Leadership & pay

8 people listed

Highest reported compensation

  • NANCY BEYDA (Executive Dir.): $26,000 total reported compensation

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

Overview

Mission

Foodcycle's mission is to reduce food insecurity and prevent food waste by recovering surplus edible food and redistributing it at no cost to nonprofit organizations serving food-insecure communities across los angeles county.

What it reported doing in 2024

FoodCycle carries out its mission through a coordinated food recovery and redistribution system serving communities across Los Angeles County. The organization rescues surplus edible food that would otherwise be disposed of from grocery stores, food distributors, manufacturers, farmers markets, and food service businesses and redistributes it at no cost to nonprofit organizations serving individuals and families experiencing food insecurity.FoodCycle operates daily recovery and delivery routes using trained staff drivers and volunteers. Recovered food is aggregated, temporarily stored when necessary, and delivered to a network of nonprofit partners, including food pantries, shelters, after-school programs, and community distribution sites. FoodCycle emphasizes equitable access by prioritizing service in communities most impacted by food insecurity.To support efficient operations and accountability, FoodCycle utilizes the Careit app to coordinate logistics, track food donations, and document recovery and distribution activity. This system supports operational planning and assists partner organizations and municipalities with record-keeping related to food recovery requirements.FoodCycle also engages and trains volunteers to assist with food recovery and distribution activities and provides outreach and technical assistance to food donors and recipient organizations related to safe food handling and ongoing participation in food recovery programs.In addition to addressing food insecurity, FoodCycle advances environmental sustainability by diverting surplus food from landfills, reducing greenhouse gas emissions associated with food waste. The organization incorporates climate-smart practices into its operations, including the use of off-grid refrigerated storage and low-emission or electric vehicles where feasible.

Operating model

Revenue model
Earned-program. 68% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 86
  • Accountability: 93
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.6%; rating input score 77
  • Program expense ratio: 87%; rating input score 87
  • Fundraising efficiency: $47.75 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 87.5%; rating input score 88; 21st percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 12.2%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 0.93; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 2.5%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 29.7% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 26.3% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 29.8% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 76.6% of revenue deployed · 87% of spending went to programs
  • Governance: 7 of 8 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $889K in reported program spending
  • Leadership: top reported pay $26K · 8 people listed
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Key Signals

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

  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.