Specialty Food Foundation
Nonprofit profile at a glance
- EIN
- 471358924
- IRS 990-EZ coverage
- 2021–2022
- Forms available
- Form 990 2020, Form 990-EZ 2022
- Location
- New York, NY, USA
- Phone
- 2124826440
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nutrition
Reported finances
- Revenue
- $75,000
- Expenses
- $133,159
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- WILLIAM LYNCH (PRESIDENT)
People named in this filing
- NONA LIM (DIRECTOR)
- LISA RAIOLA (DIRECTOR)
- JIM THALLER (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To develop and support tangible and lasting solutions to hunger and food recovery by amplifying the innovation and passion of the specialty food industry.
What it reported doing in 2022
The foundation works to reduce hunger and increase food recovery efforts via education and industry events. The goal of these events is to influence the specialty food industry to volunteer time and donate products to help local food recovery and hunger relief organizations. The foundation also works to encourage donation of food from exhibitors at the winter and summer fancy food shows. In 2022, the organization dissolved the entity and distributed the assets to other nonprofits.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 100
- Sustainability: 12
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 75.8%; rating input score 76
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -77.5%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 200% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: -23.1% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: 8.8% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 75.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $101K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 5 filed schedules
- Filing history: 2 filing years from 2021 to 2022
- Contacts: How to reach this organization
- Money network: 2 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 10/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.