Civic Intelligence

Wedontwaste Inc.

990 • Fiscal year 2020 • EIN 27-0585966

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 23, 2021

5971 BroadwayDenver, CO 80216

(720) 443-6113

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.05x

Higher debt load relative to assets than 27% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

8th percentile

0.01x

Higher debt load relative to revenue than 8% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

56th percentile

6.6%

Higher net margin than 56% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

38th percentile

$142,638

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

93rd percentile

71%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-0.5%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,450,883

Up $1,018,388 (+71%) from 2019

Net Assets

Up

$2,319,470

Up $900,434 (+63%) from 2019

Liabilities

Up

$131,413

Up $117,954 (+876%) from 2019

Revenue

Down

$13,702,924

Down $67,319 (-0.5%) from 2019

Expenses

Down

$12,802,490

Down $631,475 (-4.7%) from 2019

Net Income

Up

$900,434

Up $564,156 (+168%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2012: $44,030Liabilities 2012: $2,398Net Assets 2012: $41,6322012Assets 2013: $350,389Liabilities 2013: $810Net Assets 2013: $349,5792013Assets 2014: $472,880Liabilities 2014: $4,952Net Assets 2014: $467,9282014Assets 2015: $742,993Liabilities 2015: $9,034Net Assets 2015: $733,9592015Assets 2016: $694,194Liabilities 2016: $9,760Net Assets 2016: $684,4342016Assets 2017: $1,077,518Liabilities 2017: $69,992Net Assets 2017: $1,007,5262017Assets 2018: $1,096,226Liabilities 2018: $13,468Net Assets 2018: $1,082,7582018Assets 2019: $1,432,495Liabilities 2019: $13,459Net Assets 2019: $1,419,0362019Assets 2020: $2,450,883Liabilities 2020: $131,413Net Assets 2020: $2,319,4702020Assets 2021: $3,997,096Liabilities 2021: $6,482Net Assets 2021: $3,990,6142021Assets 2022: $9,330,817Liabilities 2022: $2,849,697Net Assets 2022: $6,481,1202022Assets 2023: $12,581,647Liabilities 2023: $2,971,753Net Assets 2023: $9,609,8942023Assets 2024: $13,366,795Liabilities 2024: $459,322Net Assets 2024: $12,907,4732024

Highlighted filing

2020

Assets$2,450,883
Liabilities$131,413
Net Assets$2,319,470

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2012: $1,086,8612012Revenue 2013: $1,696,181Expenses 2013: $1,388,233Net Income 2013: $307,9482013Revenue 2014: $2,342,915Expenses 2014: $2,218,175Net Income 2014: $124,7402014Revenue 2015: $9,547,494Expenses 2015: $9,262,536Net Income 2015: $284,9582015Revenue 2016: $33,210,915Expenses 2016: $33,259,608Net Income 2016: -$48,6932016Revenue 2017: $28,955,345Expenses 2017: $28,632,253Net Income 2017: $323,0922017Revenue 2018: $18,328,062Expenses 2018: $18,252,830Net Income 2018: $75,2322018Revenue 2019: $13,770,243Expenses 2019: $13,433,965Net Income 2019: $336,2782019Revenue 2020: $13,702,924Expenses 2020: $12,802,490Net Income 2020: $900,4342020Revenue 2021: $12,273,499Expenses 2021: $10,602,355Net Income 2021: $1,671,1442021Revenue 2022: $15,617,020Expenses 2022: $12,995,713Net Income 2022: $2,621,3072022Revenue 2023: $17,076,941Expenses 2023: $14,062,446Net Income 2023: $3,014,4952023Revenue 2024: $24,530,271Expenses 2024: $21,343,573Net Income 2024: $3,186,6982024

Highlighted filing

2020

Revenue$13,702,924
Expenses$12,802,490
Net Income$900,434
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 23, 2021
Return Version
2020v4.1
Gross Receipts
$13,791,086
Mission and Program Overview

Mission

To resource surplus food from venues, events, caterers, restaurants and other major food providers and deliver the products to community-based non-profit agencies serving vunerable populations to increase food security within these populations at no cost to either the donor or the community based agency

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,224,693$1,739,647▲ $514,954
Land, Buildings, and Equipment, Net$158,802$300,425▲ $141,623
Cash and Non-Interest-Bearing Accounts-$289,311-
Accounts Receivable$40,000$112,500▲ $72,500
Prepaid Expenses and Deferred Charges$9,000$9,000→ $0
Total Assets$1,432,495$2,450,883▲ $1,018,388
Liabilities
Grants Payable-$107,100-
Other Liabilities-$14,129-
Accounts Payable and Accrued Expenses$13,459$10,184▼ $3,275
Total Liabilities$13,459$131,413▲ $117,954
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,199,026$1,606,970▲ $407,944
Net Assets With Donor Restrictions$220,010$712,500▲ $492,490
Total Net Assets Fund Balance$1,419,036$2,319,470▲ $900,434
Total Liabilities and Net Assets / Fund Balance$1,432,495$2,450,883▲ $1,018,388

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$190,209$224,267$414,476
Other Land Buildings$71,554$19,327$90,881
Leasehold Improvements$32,982$50,554$83,536
Buildings$5,680$308$5,988
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Arlan PrebludExecutive DirectorFT$138,000$4,638$142,638

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$13,544,442
Program Service Revenue
$0
Investment Income
$12,839
Other Revenue
$145,643
All Other Contributions
$13,544,442
Change in Net Assets
$900,434

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory23,921,758$11,451,974Fair Market Value (FMV)
Other Non Cash Contri Table1$50,000Fair Market Value (FMV)
Other Non Cash Contri Table1$18,000Fair Market Value (FMV)
Other Non Cash Contri Table1$12,500Fair Market Value (FMV)
Total Noncash Contributions23,921,761$11,532,474-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,702,924
Total Revenue per Audited Statements
$13,702,924
Total Revenue per Form 990
$13,702,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,013,932
Salaries, Compensation, and Employee Benefits$788,558
Total Fundraising Expense$236,799
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$11,669,113$17,013$57,627$11,743,753
Other Salaries and Wages$377,280$55,483$122,062$554,825
Occupancy$133,373$7,658$2,664$143,695
Current Officers, Directors, Trustees, and Key Employees$93,840$13,800$30,360$138,000
Depreciation Depletion$53,547--$53,547
Payroll Taxes$26,177$11,651$11,968$49,796
Insurance$32,678$6,693-$39,371
Other Employee Benefits$21,161$3,112$6,846$31,119
Office Expenses$5,762$11,681$1,921$19,364
Pension Plan Contributions$10,076$1,482$3,260$14,818
Fees for Services Accounting$389$13,441$65$13,895
Travel$131$150$26$307
Total Functional Expenses$12,423,527$142,164$236,799$12,802,490

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,802,490
Total Expenses per Audited Statements$12,802,490
Total Expenses per Form 990$12,802,490
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$233,805
Fundraising Direct Expenses$88,162
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fill a Plate for Hunger$222,936$222,936$76,484$146,452
Canstruction$10,869$10,869$11,678$-809
Total Events$233,805$233,805$88,162$145,643
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$9,003
Other Payroll Taxes$5,126
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 12C

The organizations conflict of interest policy is reviewed on an as-needed basis but always during the implementation of new board members, new staff, and new volunteers

Form 990, Part VI, Section B, Line 11A

A copy of the 990 is provided to finance chair and executive director for review and board is provided copies of return for review

Form 990, Part VI, Section B, Line 15A

The process for determining compensation for the executive director is a review by the board of directors that relies on similarly situated organizations and compensation at that level. Also taken into consideration is the growth in revenue due to the efforts of the executive director

Form 990, Part VI, Section C, Line 19

The organization makes available upon request, form 990 which is kept in a public record file at the organizations main office and is accessible during business hours. The governing documents, board minutes and any conflict of interest policies are all kept in a public record file and available upon request during business hours

Filing and Contact Details

Filer

Filer Name
Wedontwaste Inc
EIN
27-0585966
Phone
7204436113
Address
5971 BROADWAY, Denver, CO 80216
Doing Business As
Wedontwasteorg

Signing Officer

Name
Arlan Preblud
Title
Executive Director
Signed
2021-08-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael S Richards
Formed
2009
Legal Domicile
Co
Voting Board Members
12
Independent Board Members
12
Employees
19
Volunteers
658

Preparer

Firm
Patricia DeLuna-Zickefoose PC
Address
303 East 17th Avenue Ste 320, Denver, CO 80203
Preparer
Patricia DeLuna-Zickefoose
Phone
7202916853
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IRS990/MissionDesc0To resource surplus food from venues, events, caterers, restaurants and other major food providers and deliver the products to community-based non-profit agencies serving vunerable populations to increase food security within these populations at no cost to either the donor or the community based agency
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IRS990/PrincipalOfficerNm0MICHAEL S RICHARDS
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt033210562
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt083536
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IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleG/EmailSolicitationsInd0X
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IRS990ScheduleG/InPersonSolicitationsInd0X
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IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
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IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/FoodInventoryGrp/ContributionCnt023921758
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IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
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