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Institute of Food Techologists INC

Public charity990-T FY2023
Other · CHICAGO, IL · EIN 36-2136957

About

As an organization, the institute of food technologists is focusing its work in four main areas, or "roles and goals." each is wide-reaching and helps to advance our mission.steward for the profession and its community - provide learning, networking and leadership development experiences that enable food science and technology professionals to become leaders in the global food science community.research champion and innovation catalyst - champion emerging sciences and foster technology development, application and transfer to increase funding for food-related research and to support innovation in food science.influential advocate and trusted spokesorganization - engage in advocacy and communication efforts that enhance recognition of the profession and result in increased understanding and application of the science of food.global citizen and partner - proactively contribute to, and be a partner for, the global advancement and application of the science of food.

Donations are tax-deductible
Category
Other
Employees
87
Volunteers
1,000

Financial Snapshot

FY ending 2024-08-31
Revenue
$27.3M
Expenses
$28.5M
Assets
$58.4M
Liabilities
$14.5M

Financial history

$31.4M$15.7M$0
161718192021222324
RevenueExpenses
Latest FY2024: $27.3M · Peak FY2023: $31.4M · Avg: $24.5M

Foreign activity (Schedule F)

Total spent abroad$1.0M
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN
EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM
NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES
SOUTH AMERICA
SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$58K
Grants Given
$1.0M
INSTITUTE OF FOOD TECHOLOGISTS INC
Your actions

Address

433 W VAN Buren ST STE 11-G
Chicago, IL, 60607-507

Governance

Voting board members19
Independent members19
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Permanent endowment %70.1%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
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