Civic Intelligence

Rethink Food Nyc Inc

EIN 82-1632259 • 501(c)3 • New York, NY

Profile

Our mission is to reduce food insecurity by developing practical models that distribute nutritionally dense, culturally sensitive meals to nourish healthy and thriving communities.

75 Broad St Suite 707New York, NY 10004

www.rethinkfood.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.44x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.11x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

22nd percentile

-4.4%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

26th percentile

$237,812

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

2nd percentile

-37%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$14,370,159

Down $8,560,619 (-37%) from 2023

Liabilities

Down

$6,382,660

Down $6,071,307 (-49%) from 2023

Net Assets

Down

$7,987,499

Down $2,489,312 (-24%) from 2023

Operations
Liabilities / Revenue21st percentileNet Margin22nd percentile

Revenue

Up

$58,663,122

Up $8,114,129 (+16%) from 2023

Expenses

Up

$61,229,531

Up $4,362,747 (+7.7%) from 2023

Net Income

Up

-$2,566,409

Up $3,751,382 (+59%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2017: $69,227Liabilities 2017: $0Net Assets 2017: $69,2272017Assets 2018: $1,150,482Liabilities 2018: $64,423Net Assets 2018: $1,086,0592018Assets 2019: $1,190,548Liabilities 2019: $38,168Net Assets 2019: $1,152,3802019Assets 2020: $23,003,336Liabilities 2020: $548,262Net Assets 2020: $22,455,0742020Assets 2021: $24,716,191Liabilities 2021: $422,705Net Assets 2021: $24,293,4862021Assets 2022: $17,927,047Liabilities 2022: $1,132,445Net Assets 2022: $16,794,6022022Assets 2023: $22,930,778Liabilities 2023: $12,453,967Net Assets 2023: $10,476,8112023Assets 2024: $14,370,159Liabilities 2024: $6,382,660Net Assets 2024: $7,987,4992024

Highlighted filing

2024

Assets$14,370,159
Liabilities$6,382,660
Net Assets$7,987,499
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MRevenue 2017: $78,118Expenses 2017: $8,891Net Income 2017: $69,2272017Revenue 2018: $1,486,454Expenses 2018: $469,622Net Income 2018: $1,016,8322018Revenue 2019: $1,209,084Expenses 2019: $1,188,847Net Income 2019: $20,2372019Revenue 2020: $37,918,014Expenses 2020: $16,615,318Net Income 2020: $21,302,6962020Revenue 2021: $29,334,574Expenses 2021: $27,496,162Net Income 2021: $1,838,4122021Revenue 2022: $12,485,150Expenses 2022: $19,984,034Net Income 2022: -$7,498,8842022Revenue 2023: $50,548,993Expenses 2023: $56,866,784Net Income 2023: -$6,317,7912023Revenue 2024: $58,663,122Expenses 2024: $61,229,531Net Income 2024: -$2,566,4092024

Highlighted filing

2024

Revenue$58,663,122
Expenses$61,229,531
Net Income-$2,566,409
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$14,370,159
Liabilities
$6,382,660
Net assets
$7,987,499
Revenue
$58,663,122
Expenses
$61,229,531
Net income
-$2,566,409
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$6.38$7.99$58.7$61.2$2.57
2023Detailed filing. Detailed filing data is available for this year.$22.9$12.5$10.5$50.5$56.9$6.32
2022Detailed filing. Detailed filing data is available for this year.$17.9$1.13$16.8$12.5$20.0$7.50
2021Detailed filing. Detailed filing data is available for this year.$24.7$0.42$24.3$29.3$27.5$1.84
2020Detailed filing. Detailed filing data is available for this year.$23.0$0.55$22.5$37.9$16.6$21.3
2019Detailed filing. Detailed filing data is available for this year.$1.19$0.04$1.15$1.21$1.19$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.15$0.06$1.09$1.49$0.47$1.02
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.08$0.01$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$58,663,122
Mission and Program Overview

Mission

The organization's exempt purpose is to recover nutritious excess food to provide low or no-cost meals to new york city families in need.

Our mission is to reduce food insecurity by developing practical models that distribute nutritionally dense, culturally sensitive meals to nourish healthy and thriving communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$20,567,269$9,567,849▼ $10,999,420
Cash and Non-Interest-Bearing Accounts$1,262,958$3,286,011▲ $2,023,053
Intangible Assets$707,342$240,107▼ $467,235
Prepaid Expenses and Deferred Charges$286,106$173,805▼ $112,301
Land, Buildings, and Equipment, Net$107,103$117,854▲ $10,751
Total Assets$22,930,778$14,370,159▼ $8,560,619
Other Assets Total$0$984,533▲ $984,533
Liabilities
Accounts Payable and Accrued Expenses$11,704,958$6,142,553▼ $5,562,405
Other Liabilities$749,009$240,107▼ $508,902
Total Liabilities$12,453,967$6,382,660▼ $6,071,307
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,831,414$7,987,499▲ $1,156,085
Net Assets With Donor Restrictions$3,645,397$0▼ $3,645,397
Total Net Assets Fund Balance$10,476,811$7,987,499▼ $2,489,312
Total Liabilities and Net Assets / Fund Balance$22,930,778$14,370,159▼ $8,560,619

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,413$114,885$118,298
Leasehold Improvements$60,561$30,191$90,752
Other Land Buildings$53,880$33,493$87,373
Other Assets Org$984,533--
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew JozwiakFounder, CEOFT$195,502$12,579$208,081
Sharlene FrankChief People OfficerFT$178,579$28,041$206,620
Christopher HollingerChief Financial OfficerFT$173,228$24,014$197,242
Jordan CorreaChief Program OfficerFT$176,923$5,000$181,923
Tara FrancoisVP of EngagementFT$149,973$11,510$161,483
Adaeze OkoliChief of StaffFT$149,129-$149,129
Rakan AmmouriChief Operating OfficerFT$135,103-$135,103
Clinton SimonSenior Director of Finance and DataPT$123,790$9,516$133,306
Ken BakerCulinary DirectorFT$121,685$11,556$133,241
Lauren KaufmanSenior Director of ProgramsPT$118,412$13,919$132,331
Nathan RickeChief Network OfficerFT$91,765$1,595$93,360

Board Members and Trustees

NameTitle
Julian BakerChairman
Cheryl Cohen EffronBoard Member
Daniel HummBoard Member
Eric CostelloBoard Member
Jj JohnsonBoard Member
Jon GrayBoard Member
Luna DroubiBoard Member
Marshall SmithBoard Member
Maurice ObeidBoard Member
Shaun DonovanBoard Member
Tim BarakettBoard Member
Tracy TangBoard Member
Vaughn TanBoard Member
Dinakar SinghBoard Member (as of 4/24/24)
Nick LeschlyBoard Member (as of 7/16/24)
Leo KirbyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Chefscape Nyc LLCFood Preparation Services180 MAIDEN LANE 4TH FL, New York, NY 10038$17,527,964
The Hoodspitality Group LLCFood Preparation Services135 ALEXANDER AVE, Bronx, NY 10454$13,956,937
Brain Food Deli The Smart KitchenFood Preparation Services111 COURT STREET, Brookyln, NY 11201$5,317,978
Madrel LLCFood Preparation Services1018 AMSTERDAM AVE, New York, NY 10025$2,975,041
Agape Food RescueFood Preparation Services69 BELMONT AVE, Brookyln, NY 11208$367,755
Revenue and Support

Revenue Composition

Contributions and Grants
$58,349,260
Program Service Revenue
$0
Investment Income
$76,277
Other Revenue
$237,585
All Other Contributions
$58,349,260
Change in Net Assets
$-2,566,409

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory1$687,141Fair Market Value (FMV)
Total Noncash Contributions1$687,141-

Audited Revenue Reconciliation

Revenue per Audited Statements
$58,578,940
Revenue Not Reported on Financial Statements
$84,182
Revenue Not Reported on Form 990
$276,000
Other Revenue Adjustments
$84,182
Total Revenue per Audited Statements
$58,854,940
Total Revenue per Form 990
$58,663,122
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$55,759,603
Salaries, Compensation, and Employee Benefits$5,429,607
Total Fundraising Expense$807,663
Grants and Similar Amounts Paid$40,321
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$50,054,076$355,304$97,988$50,507,368
Other Salaries and Wages$2,301,882$1,351,529$433,169$4,086,580
Current Officers, Directors, Trustees, and Key Employees$395,114$234,902$75,286$705,302
Insurance$291,091$105,922$31,746$428,759
Payroll Taxes$220,847$149,574$47,939$418,360
All Other Expenses$168,424$211,665$11,156$391,245
Occupancy$251,034$52,810$15,006$318,850
Fees for Services Accounting$52,911$154,811$43,123$250,845
Other Employee Benefits$111,585$75,574$24,222$211,381
Travel$70,493$46,913$1,473$118,879
Office Expenses$82,625$28,518$2,256$113,399
Depreciation Depletion$79,821--$79,821
Fees for Services Legal$8,954$26,198$7,297$42,449
Grants to Domestic Orgs$40,321--$40,321
Advertising-$15,888$15,889$31,777
Other Expenses$10,287$10,713$198$10,713
Pension Plan Contributions$4,215$2,854$915$7,984
Total Functional Expenses$57,510,572$2,911,296$807,663$61,229,531

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$61,421,349
Total Expenses per Form 990$61,229,531
Expenses per Audited Statements$61,145,349
Expenses Not Reported on Form 990$276,000
Expenses Not Reported on Financial Statements$84,182
Other Expense Adjustments$84,182
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Welfare Foundation IncWilmington, DE501(c)(3)Grant for Donation of Meals$15,000
Harlem Week IncNew York, NY501(c)(3)Grant for Donation of Meals$10,000
Rethink Food USANew York, NY501(c)(3)Grant for Donation of Meals$7,500
Skyline Charitable FoundationLong Island City, NY501(c)(3)Grant for Donation of Meals$5,100
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$240,107
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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 11B

“The form 990 has been reviewed by the finance committee prior to the filing. The final form 990 is presented to the board of directors at the scheduled next board meeting where it is reviewed by all the board members.”

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

“Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a conflict of interest statement.”

Form 990, Part VI, Section B, Line 15

“The board of directors established a compensation committee composed of three independent members. The committee used information from salary.com database and scion nonprofit salary guide to benchmark against comparable sized organizations in determining ceo and top management compensation.”

Form 990, Part VI, Section C, Line 19

“Governing documents, policies, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Rethink Food Nyc Inc
EIN
82-1632259
Phone
2123647040
Address
75 BROAD ST SUITE 707, NEW YORK, NY 10004

Signing Officer

Name
Matthew Jozwiak
Title
Executive Director
Phone
2123647040
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Jozwiak
Formed
2017
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
16
Employees
81
Volunteers
16

Preparer

Firm
Cohnreznick Advisory LLC
Address
14 SYLVAN WAY, PARSIPPANY, NJ 07054-3801
Preparer
Laura Kielczewski
Phone
9732283500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 5,716,871. Management and general expenses 351,181. Fundraising expenses 96,839. Total expenses 6,164,891. Payroll processing fee: program service expenses 1,409. Management and general expenses 4,123. Fundraising expenses 1,149. Total expenses 6,681. Rethink certified meals: program service expenses 969,369. Management and general expenses 0. Fundraising expenses 0. Total expenses 969,369. Nychh programs: program service expenses 43,366,427. Management and general expenses 0. Fundraising expenses 0. Total expenses 43,366,427.”

Financial Statement Notes

PART X, LINE 2:

“Rethink food has been recognized as an entity exempt from income taxes under section 501(c)(3) of the internal revenue code. Rethink food has no unrecognized tax benefits as of december 31, 2024 and 2023. Rethink food's federal and state income tax returns prior to calendar year 2021 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If applicable, rethink food will recognize interest and penalties associated with tax matters as general and administrative expenses and include accrued interest and penalties with the related tax liability in the statements of financial position. There were no interest or penalties for the years ended december 31, 2024 and 2023.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Special event expenses 84,182.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Special event expenses 84,182.”

Raw XML AppendixShowing 400 of 913 raw XML fields

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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