Overview
What is Waste Not Inc?
Waste Not Inc, based in Scottsdale, Arizona, is a dedicated nonprofit organization that focuses on addressing two pressing issues: food waste and hunger. They partner with 82 local food businesses, including grocery stores, caterers, restaurants, resorts, and event venues, to collect and redistribute excess food, preventing it from ending up in landfills. By doing so, they diverted over 2.4 million pounds of prepared and perishable food during the 2021-2022 fiscal year, ensuring it reaches those in need through over 85 nonprofit agencies in the Metro Phoenix area. Their mission is to create sustainable food systems that enhance both human lives and the environment, by eliminating food waste and alleviating hunger through innovative community collaborations.
Official website here: www.wastenotaz.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
Waste Not Inc has received a remarkable Four-Star rating from Charity Navigator, indicating strong performance in both accountability and finance. With an impressive program expense ratio of 95.29%, the organization demonstrates a commitment to directing funds toward its mission. The charity’s financial health is underscored by a low liabilities to assets ratio of 7.88% and a highly efficient fundraising operation, costing only $0.02 to raise each dollar.
The organization shows excellence in feedback collection and usage, both scoring a perfect 100 out of 100, which reflects a robust system for engaging with stakeholders and incorporating their input into operations. Additionally, all board members are independent, fostering transparency and good governance. However, Waste Not Inc faces challenges in collecting feedback, as they find it difficult to obtain responses from stakeholders, which may impact their ability to assess community needs effectively.
Despite these challenges, Waste Not Inc's strong financial metrics and commitment to accountability make it a reputable nonprofit. The charity shows a proactive approach in various policies, including a whistleblower policy and document retention practices, contributing to its overall credibility and trustworthiness within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Waste Not Inc legitimate?
Waste Not Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waste Not Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $132,123
Professional Fundraising Fees: $32,002
Other Salaries and Wages: $283,342
For more financial information, click here
Official website here: www.wastenotaz.org
What is the mission statement of Waste Not Inc?
Waste Not Inc's mission is centered around establishing sustainable food systems that contribute to the well-being of both people and the environment. They achieve this by addressing the issue of food waste and hunger through innovative community collaborations. The organization recognizes the substantial resources invested in growing and transporting food, only for 40% of it to be discarded annually. Simultaneously, food insecurity affects nearly a million people in certain regions. Waste Not Inc is transforming this broken system by connecting thousands of individuals with nutritious food that would otherwise be wasted. By reimagining food rescue possibilities, they are contributing to a healthier community and planet.
In practice, Waste Not Inc collaborates with 82 generous food businesses in their community, including grocers, caterers, restaurants, resorts, and event venues. These donors share the organization's values and contribute their excess food, preventing it from going to waste. With a well-organized, same-day delivery operation, Waste Not Inc's team of professional drivers collects and transports approximately 10,000 pounds of food daily, five days a week. This food is then delivered to over 85 nonprofit agencies, serving individuals experiencing food insecurity throughout the metropolitan area. During the fiscal year ending on June 30, 2022, Waste Not Inc diverted nearly 2.4 million pounds of prepared and perishable food from landfills and delivered it to nonprofit agencies feeding children, adults, and seniors.
Official website here: www.wastenotaz.org
Who is the CEO of Waste Not Inc?
Jason Reed is the Principal Officer of Waste Not Inc. The CEO's salary of Waste Not Inc is $0 and their total compensation is $197,724.
Official website here: www.wastenotaz.org
What is the revenue of Waste Not Inc?
Waste Not Inc's revenue in 2022 was $5,163,754.
Official website here: www.wastenotaz.org
Who are the executives of Waste Not Inc and what are their salaries?
There 77 volunteers at Waste Not Inc.
Here are 13 key members and their salaries (Waste Not Inc's CEO's salary is $0 and their total compensation is $197,724):
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- Related: $161,187
- Other: $36,537
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- Related: $74,527
- Other: $21,953
- Compensation: $0
- Related: $98,145
- Other: $18,678
- Compensation: $0
- Related: $57,705
- Other: $27,552
Official website here: www.wastenotaz.org
Where can I find the form 990 for Waste Not Inc?
Waste Not Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wastenotaz.org
Learn more at the official website: www.wastenotaz.org
Mission Statement of Waste Not Inc
Waste Not Inc, a dedicated nonprofit organization, is committed to establishing sustainable food systems that benefit both people and the environment. They achieve this goal by addressing the issues of food waste and hunger through innovative community collaborations. The mission of Waste Not Inc is to create a system where excess nutritious food, which would otherwise be discarded, is redistributed to those in need. This initiative not only prevents food waste but also addresses food insecurity, a pressing concern affecting nearly one million individuals in Arizona.
By partnering with over 80 generous food businesses in the community, such as grocers, caterers, restaurants, resorts, and event venues, Waste Not Inc is able to collect and transport an average of 10,000 pounds of food per day, five days a week. This food is then delivered to over 85 nonprofit agencies serving individuals experiencing food insecurity throughout the Metro Phoenix area. During the fiscal year ending on June 30, 2022, Waste Not Inc diverted nearly 2.4 million pounds of prepared and perishable food from landfills and delivered it to these agencies. This mission not only reduces food waste but also ensures that nutritious meals are provided to those in need.
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Impact
July, 2024
Waste Not Inc is making a significant impact by creating sustainable food systems that help people and the planet flourish. By eliminating food waste and addressing hunger through innovative community partnerships, Waste Not has been able to divert nearly 2.4 million pounds of prepared and perishable food from landfills. This food is then delivered to over 85 agencies in the metro Phoenix area, where it helps feed children, adults, and seniors experiencing food insecurity. Through their efficient food rescue operation, Waste Not is able to collect and transport an average of 10,000 pounds of food per day, five days a week, showcasing their dedication to creating a healthier community and planet.
This information is meant to be a general summary of Waste Not Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $28,885
- Gross Receipts: $5,167,950
Assets and Liabilities:
- Total Assets: $1,484,172
- Total Liabilities: $95,903
- Net Assets: $1,388,269
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Organization Details
Founding Year
1990
Phone
(480) 941-1841Principal Officer
Jason Reed
Main Address
1700 N GRANITE REEF RD, SCOTTSDALE, AZ, 85257
Website
www.wastenotaz.orgNTEE Category
Code: K190 - Food
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