PLATINUM2022

EDESIA

Eradicating hunger and malnutrition on earth.

aka Edesia   |   North Kingstown, RI   |  www.edesianutrition.org
GuideStar Charity Check

EDESIA

EIN: 26-0359866


Mission

Edesia is a social enterprise non-profit founded by Navyn Salem in 2009 that focuses on the production of nutrient-dense ready-to-use therapeutic and supplementary foods. With a mission to help treat and prevent malnutrition in the world's most vulnerable populations, Edesia has reached over 16 million children in over 60 countries working in partnership with UNICEF, the World Food Programme, and USAID/USDA.

Ruling year info

2009

Founder and CEO

Ms. Navyn Salem

Main address

550 Romano Vineyard Way

North Kingstown, RI 02852 USA

Show more contact info

Formerly known as

Industrial Revelation

EIN

26-0359866

Subject area info

Public safety

Agriculture, fishing and forestry

Food aid

Population served info

Infants and toddlers

NTEE code info

Other Food, Agriculture, and Nutrition N.E.C. (K99)

Other Public Safety, Disaster Preparedness, and Relief N.E.C. (M99)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

What we aim to solve

SOURCE: Self-reported by organization

Edesia is nonprofit food aid manufacturer located in Rhode Island working to address the global crisis of malnutrition, which affects about 220 million children worldwide. When children are nourished, communities become more resilient.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Production of Ready-to-Use Foods

Edesia's state-of-the-art factory, located in North Kingstown, Rhode Island, produces high-quality, peanut-based ready-to-use therapeutic and supplementary foods for humanitarian organizations working to end hunger, malnutrition, and poverty worldwide.

Population(s) Served
Children and youth

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of malnourished children reached annually (in millions)

This metric is no longer tracked.
Totals By Year
Population(s) Served

Children and youth

Related Program

Production of Ready-to-Use Foods

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Edesia's overarching goal is to help end child hunger and malnutrition through increasing the production of life-saving, nutrient-dense ready-to-use therapeutic and supplementary foods.

Edesia's strategy is to reach the most malnourished children possible by running the most efficient ready-to-use food factory in the United States. Edesia places a strong emphasis on internal staff training and development, including production workers, that creates a highly capable, nimble, and adaptable workforce. Edesia achieved even greater economies of scale in 2016 when its operations moved to a new 83,000 square foot facility.

There are two factories in the world capable of manufacturing a full range of peanut-based, ready-to-use therapeutic and supplementary foods to treat and prevent malnutrition in children and pregnant and lactating women, and Edesia is one of them (the other one being Nutriset in France). Edesia is known for its ingenuity in optimizing production processes and its ability to develop and create new products for different populations, such as for underprivileged schoolchildren in the United States and adults living with HIV among others.

Edesia's best indicator of success as a nonprofit and social enterprise is the number of children reached through its efforts. Since production began in March 2010, Edesia has made enough ready-to-use foods to help treat and prevent malnutrition for over 16 million malnourished children across 60 countries.

Financials

EDESIA
Fiscal year: Jan 01 - Dec 31
Financial documents
2020 Audit Report 2020
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

1.94

Average of 2.80 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

1.6

Average of 1.6 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

18%

Average of 21% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

EDESIA

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

EDESIA

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

EDESIA

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of EDESIA’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $4,910,908 $10,740,175 $5,624,188 $9,864,672 $9,420,072
As % of expenses 14.2% 20.3% 14.1% 17.7% 12.5%
Unrestricted surplus (deficit) after depreciation $2,454,151 $8,102,885 $2,882,598 $7,785,053 $7,644,812
As % of expenses 6.6% 14.6% 6.8% 13.5% 9.9%
Revenue composition info
Total revenue (unrestricted & restricted) $39,480,147 $63,750,936 $45,463,901 $65,418,619 $85,460,693
Total revenue, % change over prior year -1.2% 61.5% -28.7% 43.9% 30.6%
Program services revenue 87.8% 89.8% 85.7% 83.4% 87.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.1% 0.1% 0.4% 0.2% 0.2%
Government grants 4.5% 4.9% 2.5% 8.9% 4.0%
All other grants and contributions 7.4% 6.8% 11.3% 7.5% 8.8%
Other revenue 0.2% -1.6% 0.1% 0.1% 0.0%
Expense composition info
Total expenses before depreciation $34,569,239 $52,995,761 $39,854,713 $55,656,492 $75,556,400
Total expenses, % change over prior year 1.0% 53.3% -24.8% 39.6% 35.8%
Personnel 15.5% 13.2% 16.5% 13.5% 12.1%
Professional fees 1.2% 0.9% 1.0% 0.6% 0.5%
Occupancy 6.4% 5.1% 7.2% 5.6% 4.5%
Interest 0.3% 0.1% 0.2% 0.1% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 76.6% 80.6% 75.2% 80.2% 82.9%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $37,025,996 $55,633,051 $42,596,303 $57,736,111 $77,331,660
One month of savings $2,880,770 $4,416,313 $3,321,226 $4,638,041 $6,296,367
Debt principal payment $690,028 $173,961 $943,072 $1,239,160 $554,736
Fixed asset additions $0 $0 $0 $2,318,917 $3,121,424
Total full costs (estimated) $40,596,794 $60,223,325 $46,860,601 $65,932,229 $87,304,187

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 1.5 1.9 4.1 1.2 1.6
Months of cash and investments 1.5 1.9 4.1 2.5 2.8
Months of estimated liquid unrestricted net assets 5.6 5.7 8.6 7.5 6.4
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $4,397,073 $8,378,704 $13,558,084 $5,593,479 $10,119,785
Investments $0 $0 $0 $6,181,766 $7,486,205
Receivables $4,282,770 $10,387,929 $2,205,545 $9,835,034 $16,765,230
Gross land, buildings, equipment (LBE) $16,366,232 $17,810,075 $19,309,972 $21,628,889 $24,736,010
Accumulated depreciation (as a % of LBE) 55.3% 65.6% 74.7% 76.3% 73.8%
Liabilities (as a % of assets) 22.0% 16.1% 10.0% 7.7% 27.5%
Unrestricted net assets $20,195,806 $28,298,691 $31,181,289 $38,966,342 $46,611,154
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $15,000 $0 $0 $0
Total net assets $20,195,806 $28,313,691 $31,181,289 $38,966,342 $46,611,154

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Founder and CEO

Ms. Navyn Salem

Navyn Salem is the Founder and CEO of Edesia. Tackling malnutrition became Navyn Salem’s lifelong mission after visiting Tanzania, her father’s birthplace. In 2009, she set out to expand the reach of lifesaving ready-to-use foods and founded Edesia, a non-profit social enterprise with a mission to help treat and prevent malnutrition in the world’s most vulnerable populations. Her efforts have since helped transform the lives of over 16 million malnourished children across 60 countries in partnership with UNICEF, the World Food Programme, USAID/USDA, and other humanitarian organizations working to end hunger and malnutrition worldwide.

Number of employees

Source: IRS Form 990

EDESIA

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

EDESIA

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

EDESIA

Board of directors
as of 08/11/2022
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Navyn Salem

Founder of Edesia

Paul Salem

Providence Equity

Annie Abbruzzese

Wonder Boston

David Duffel

Providence Equity

Bernie Beaudreau

CT Food Bank

Steven Lutterbeck

International Development Consultant

Elizabeth Brown

Partners Healthcare

Mary Gene Clavin

Advancement Advisors

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 2/19/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Multi-Racial/Multi-Ethnic (2+ races/ethnicities)
Gender identity
Female

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.