Civic Intelligence

Rescuing Leftover Cuisine Inc.

990EZ • Fiscal year 2015 • EIN 46-3198412

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 04, 2016

25 Broadway 12th FloorNew York, NY 10004

(646) 592-2229

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.13x

Higher debt load relative to assets than 83% of similar nonprofits.

2015 filings • NTEE K • <$500k nonprofits • Source year 2015

Liabilities / Revenue

85th percentile

0.07x

Higher debt load relative to revenue than 85% of similar nonprofits.

2015 filings • NTEE K • <$500k nonprofits • Source year 2015

Net Margin

87th percentile

38%

Higher net margin than 87% of similar nonprofits.

2015 filings • NTEE K • <$500k nonprofits • Source year 2015

Top Officer Pay

86th percentile

$36,450

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 28.8% of source-year revenue.

2015 filings • NTEE K • <$500k nonprofits • Source year 2015

Asset Growth

94th percentile

285%

Faster asset growth than 94% of similar nonprofits.

2015 filings • NTEE K • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

58th percentile

11%

Faster revenue growth than 58% of similar nonprofits.

2015 filings • NTEE K • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$73,437

Up $54,370 (+285%) from 2014

Net Assets

$64,118

No earlier filing loaded for comparison.

Liabilities

Up

$9,319

Up $6,126 (+192%) from 2014

Revenue

Up

$126,668

Up $12,393 (+11%) from 2014

Expenses

Down

$78,424

Down $20,683 (-21%) from 2014

Net Income

Up

$48,244

Up $33,076 (+218%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $19,067Liabilities 2014: $3,1932014Assets 2015: $73,437Liabilities 2015: $9,319Net Assets 2015: $64,1182015Assets 2016: $151,473Liabilities 2016: $15,607Net Assets 2016: $135,8662016Assets 2017: $96,669Liabilities 2017: $22,913Net Assets 2017: $73,7562017Assets 2018: $119,619Liabilities 2018: $15,637Net Assets 2018: $103,9822018Assets 2019: $296,975Liabilities 2019: $10,450Net Assets 2019: $286,5252019Assets 2020: $1,162,325Liabilities 2020: $132,447Net Assets 2020: $1,029,8782020Assets 2021: $1,103,625Liabilities 2021: $47,254Net Assets 2021: $1,056,3712021Assets 2022: $1,157,033Liabilities 2022: $67,452Net Assets 2022: $1,089,5812022Assets 2023: $1,339,865Liabilities 2023: $76,880Net Assets 2023: $1,262,9852023Assets 2024: $1,316,383Liabilities 2024: $19,704Net Assets 2024: $1,296,6792024

Highlighted filing

2015

Assets$73,437
Liabilities$9,319
Net Assets$64,118

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $114,275Expenses 2014: $99,107Net Income 2014: $15,1682014Revenue 2015: $126,668Expenses 2015: $78,424Net Income 2015: $48,2442015Revenue 2016: $1,299,069Expenses 2016: $1,227,321Net Income 2016: $71,7482016Revenue 2017: $1,619,565Expenses 2017: $1,681,675Net Income 2017: -$62,1102017Revenue 2018: $2,316,380Expenses 2018: $2,286,154Net Income 2018: $30,2262018Revenue 2019: $3,655,577Expenses 2019: $3,473,034Net Income 2019: $182,5432019Revenue 2020: $4,232,496Expenses 2020: $3,489,143Net Income 2020: $743,3532020Revenue 2021: $3,644,862Expenses 2021: $3,617,841Net Income 2021: $27,0212021Revenue 2022: $6,617,208Expenses 2022: $6,575,556Net Income 2022: $41,6522022Revenue 2023: $8,529,526Expenses 2023: $8,355,776Net Income 2023: $173,7502023Revenue 2024: $10,694,868Expenses 2024: $10,647,980Net Income 2024: $46,8882024

Highlighted filing

2015

Revenue$126,668
Expenses$78,424
Net Income$48,244
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 4, 2016
Return Version
2015v2.0
Gross Receipts
$126,668
Mission and Program Overview

Mission

The mission of Rescuing Leftover Cuisine ("RLC") is to become the world's most widely used solution for companies and individuals to eliminate food waste in their communities, making food rescue sustainable and universal, and food hunger a thing of the past.

Program Services

DescriptionGrantsExpenses
The largest program in 2015 was a food rescue operation established with PepsiCo. In Portland, Oregon, a PepsiCo factory of Frito Lays produces large amounts of snacks including chips, pretzels, and others. RLC works with this Frito Lays factory as needed, picking up on average thousands of pounds of boxes of snacks that would otherwise been thrown out, and deliver it by truck to many homeless shelters and soup kitchens around the Portland area. More than 1,000 people benefit from the food donated by Frito Lays on EACH delivery. In 2015, the partnership resulted in 54,405 pounds of food that would have been thrown out to accompany meals fed to those in need.The second largest program service in 2015 was a food rescue operation in the Mid-Hudson area. RLC works a conglomerate of farms, including Shoving Leopard Farm and Breezy Hill Orchards, 7 days a week. RLC volunteers show up at various times of the day to pick up on average 60 pounds of fresh fruits and vegetables that would otherwise been thrown out and deliver it to homeless shelters and soup kitchens that are nearby. More than 40 people benefit from the food donated on each delivery. In 2015, the partnership turned 19,760 pounds of food that would have been thrown out to over 16,466 meals fed to those in need.RLC established its third largest food rescue operation with Great Performances in June 2015. This catering company is well known across the tri-state area. RLC is pleased to partner with the main location in Greenwich Village. RLC brings vans and trucks at the kitchen in the afternoon as needed, and picks up on average hundreds of pounds of prepared food that would otherwise been thrown out. The food is then taken to the Bowery Mission or the NYC Rescue Mission that are both local homeless shelters. In 2015, 19,683 pounds of food was donated by Great Performances, or approximately 16,402 meals equivalent.$62,164-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert LeeDirector & CEOFT$36,450-$36,450
Louisa ChenDirector & COOPT$0--
Paul SunDirector & CFOPT$0--
Filing and Contact Details

Filer

Filer Name
Rescuing Leftover Cuisine Inc
EIN
46-3198412
Phone
6465922229
Address
25 Broadway 12th Floor, New York, NY 10004

Signing Officer

Name
Paul Sun
Title
CFO
Signed
2016-11-04
Discuss with paid preparer
Yes

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
David C Ashenfarb
Phone
2122682800
Supplemental Narrative

Additional Explanations

Other Revenue.1

Special Events $6501

Other Revenue.2

Earned Income $2639

Other Expenses.1001

Advertising and Promotion $3858

Other Expenses.1002

Office Expenses $2332

Other Expenses.1012

Insurance $2160

Other Expenses.1

Program expenses $18299

Other Assets.1006

Pledges and Grants Receivable - Beginning $228 Pledges and Grants Receivable - Ending $0

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $104 Prepaid Expenses and Deferred Charges - Ending $0

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $3193 Accounts Payable and Accrued Expenses - Ending $9319

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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