Civic Intelligence

Feeding Tomorrow

990 • Fiscal year 2019 • EIN 36-3432464

Sep 01, 2018 to Aug 31, 2019 • Filed on Feb 13, 2020

525 West Van Buren No 1000Chicago, IL 60607

(312) 782-8424

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

18th percentile

0.03x

Higher debt load relative to revenue than 18% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

95th percentile

$557,767

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 99.5% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

53rd percentile

4.1%

Faster asset growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

34th percentile

-1.6%

Faster revenue growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$8,068,178

Up $316,081 (+4.1%) from 2018

Net Assets

Up

$8,052,296

Up $368,572 (+4.8%) from 2018

Liabilities

Down

$15,882

Down $52,491 (-77%) from 2018

Revenue

Down

$560,640

Down $9,162 (-1.6%) from 2018

Expenses

Down

$365,378

Down $161,265 (-31%) from 2018

Net Income

Up

$195,262

Up $152,103 (+352%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $6,174,116Liabilities 2012: $71,822Net Assets 2012: $6,102,2942012Assets 2013: $6,290,533Liabilities 2013: $88,754Net Assets 2013: $6,201,7792013Assets 2014: $6,803,603Liabilities 2014: $95,665Net Assets 2014: $6,707,9382014Assets 2015: $6,928,017Liabilities 2015: $26,080Net Assets 2015: $6,901,9372015Assets 2016: $7,351,291Liabilities 2016: $35,500Net Assets 2016: $7,315,7912016Assets 2017: $7,686,612Liabilities 2017: $36,093Net Assets 2017: $7,650,5192017Assets 2018: $7,752,097Liabilities 2018: $68,373Net Assets 2018: $7,683,7242018Assets 2019: $8,068,178Liabilities 2019: $15,882Net Assets 2019: $8,052,2962019Assets 2020: $9,605,570Liabilities 2020: $34,060Net Assets 2020: $9,571,5102020Assets 2021: $10,404,409Liabilities 2021: $40,210Net Assets 2021: $10,364,1992021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2019

Assets$8,068,178
Liabilities$15,882
Net Assets$8,052,296

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $372,5462012Expenses 2013: $473,9902013Revenue 2014: $626,206Expenses 2014: $410,863Net Income 2014: $215,3432014Revenue 2015: $837,865Expenses 2015: $371,404Net Income 2015: $466,4612015Revenue 2016: $484,864Expenses 2016: $393,747Net Income 2016: $91,1172016Revenue 2017: $597,559Expenses 2017: $353,669Net Income 2017: $243,8902017Revenue 2018: $569,802Expenses 2018: $526,643Net Income 2018: $43,1592018Revenue 2019: $560,640Expenses 2019: $365,378Net Income 2019: $195,2622019Revenue 2020: $1,470,362Expenses 2020: $484,573Net Income 2020: $985,7892020Revenue 2021: $595,738Expenses 2021: $416,173Net Income 2021: $179,5652021Revenue 2022: $551,945Expenses 2022: $564,285Net Income 2022: -$12,3402022

Highlighted filing

2019

Revenue$560,640
Expenses$365,378
Net Income$195,262
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Feb 13, 2020
Return Version
2018v3.1
Gross Receipts
$2,493,736
Mission and Program Overview

Mission

Feeding tomorrow was established to raise and distribute funds dedicated to promoting information, education, and communication programs and implementing research proposals aimed at improving the food supply and its effective use.

Feeding tomorrow promotes service, education, and research that advance global access to safe and nutritious food.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,551,600$7,648,936▲ $97,336
Cash and Non-Interest-Bearing Accounts$192,898$416,734▲ $223,836
Accounts Receivable$6,190$2,080▼ $4,110
Land, Buildings, and Equipment, Net$929$308▼ $621
Pledges and Grants Receivable$480$120▼ $360
Total Assets$7,752,097$8,068,178▲ $316,081
Liabilities
Other Liabilities$30,818$11,482▼ $19,336
Accounts Payable and Accrued Expenses$37,555$4,400▼ $33,155
Total Liabilities$68,373$15,882▼ $52,491
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,663,860$8,020,394▲ $356,534
Unrestricted Net Assets$19,864$31,902▲ $12,038
Total Net Assets Fund Balance$7,683,724$8,052,296▲ $368,572
Total Liabilities and Net Assets / Fund Balance$7,752,097$8,068,178▲ $316,081

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$308$4,416$4,724

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$6,914,453$161,774▲ $274,147-$7,279,576
2017$6,813,931$995▲ $285,694-$6,914,453
2016$6,444,269$1,000▲ $405,616-$6,813,931
2015$6,045,565$4,500▲ $416,458-$6,444,269
2014$5,655,393$298,298▲ $138,081-$6,045,565
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$396,689
Program Service Revenue
$0
Investment Income
$163,951
Other Revenue
$0
All Other Contributions
$396,689
Change in Net Assets
$195,262

Audited Revenue Reconciliation

Revenue per Audited Statements
$533,624
Revenue Not Reported on Financial Statements
$27,016
Revenue Not Reported on Form 990
$448,193
Total Revenue per Audited Statements
$981,817
Total Revenue per Form 990
$560,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$222,700
Other Expenses$142,678
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$122,700--$122,700
Grants to Domestic Orgs$100,000--$100,000
Office Expenses$25,338$7,294-$32,632
Fees for Service Investment Mgmnt Fees-$27,016-$27,016
Fees for Services Accounting-$10,000-$10,000
Travel$6,871$3,083-$9,954
Information Technology$4,920$390-$5,310
All Other Expenses$3,620$233-$3,853
Advertising$2,450$715-$3,165
Fees for Services Legal-$2,064-$2,064
Other Expenses$900$3,023-$900
Depreciation Depletion-$620-$620
Fees for Services Other$580--$580
Total Functional Expenses$310,902$54,476$0$365,378

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$613,245
Total Expenses per Form 990$365,378
Expenses per Audited Statements$338,362
Expenses Not Reported on Form 990$274,883
Expenses Not Reported on Financial Statements$27,016
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Institute of Food TechnologistsChicago, IL501(c)3Support Science, Communications, Career Guidance and Other Programs$100,000
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
Due to Ift$11,482
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Feeding tomorrow's governing body has designated the board treasurer as the individual responsible for reviewing the form 990 on behalf of the board prior to filing. The form 990 will also be reviewed by the chief executive officer of the institute of food technologists prior to filing.

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

The board of directors for feeding tomorrow follow the guidelines established for the institute of food technologists. Each member of the board of directors receives a policy manual which includes the conflict of interest policy. Each member acknowledges receipt of the policy on a form which also contains a statement that the officer or director will comply with the policy and is currently unaware of any transaction in which he or she is involved in which would constitute a conflict of interest as defined. Should such a transaction arise, the officer or director will notify the board or executive vice president of the circumstances and act in accordance with the policy with respect to that transaction.

Form 990, Part VI, Section C, Line 19

Documents are made available to the public upon request at the institute of food technologists' headquarters.

Filing and Contact Details

Filer

Filer Name
Feeding Tomorrow
EIN
36-3432464
Phone
3127828424
Address
525 WEST VAN BUREN NO 1000, CHICAGO, IL 60607

Signing Officer

Name
Christie Tarantino-dean
Title
CEO
Phone
3127828424
Signed
2020-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christie Tarantino-dean
Formed
1985
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
81

Preparer

Firm
Cliftonlarsonallen Llp
Address
1301 W 22ND ST STE 1100, OAK BROOK, IL 60523
Preparer
James R Thomas
Phone
6305738600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

This process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

Feeding tomorrow's endowments consist of funds established to support the following: pooled programs, institute of food technologists programs, awards, career guidance, science communications and education, and scholarships.

PART X, LINE 2:

The foundation is a tax-exempt organization as defined by section 501(c)(3) of the internal revenue code and has been classified as an organization that is not a private foundation under section 509(a)(2). Contributions to the foundation qualify for the charitable contribution deduction under section 170(b)(1)(a). The foundation follows the requirements for accounting for uncertain tax positions. The foundation has determined that it is not required to record a liability to uncertain tax positions as of august 31, 2019 and 2018.

Raw XML AppendixShowing 400 of 616 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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IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01908448
IRS990/GrossReceiptsAmt02493736
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IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0390
IRS990/InformationTechnologyGrp/ProgramServicesAmt04920
IRS990/InformationTechnologyGrp/TotalAmt05310
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IRS990/InvestmentInJointVentureInd00
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IRS990/IRPDocumentCnt011
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/NetUnrlzdGainsLossesInvstAmt0173310
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07294
IRS990/OfficeExpensesGrp/ProgramServicesAmt025338
IRS990/OfficeExpensesGrp/TotalAmt032632
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0PROGRAM DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1CATERING
IRS990/OtherExpensesGrp/Desc2REGISTRATION
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt038
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13023
IRS990/OtherExpensesGrp/ProgramServicesAmt024700
IRS990/OtherExpensesGrp/ProgramServicesAmt118823
IRS990/OtherExpensesGrp/ProgramServicesAmt2900
IRS990/OtherExpensesGrp/TotalAmt024700
IRS990/OtherExpensesGrp/TotalAmt118861
IRS990/OtherExpensesGrp/TotalAmt23023
IRS990/OtherExpensesGrp/TotalAmt3900
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IRS990/OtherLiabilitiesGrp/EOYAmt011482
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0480
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0120
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHRISTIE TARANTINO-DEAN
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0206885
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0291900
IRS990/PYInvestmentIncomeAmt0362917
IRS990/PYOtherExpensesAmt0234743
IRS990/PYOtherRevenueAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
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IRS990ScheduleA/SupportedOrganizationsCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0100000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0INSTITUTE OF FOOD TECHNOLOGISTS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt07279576
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt070798
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06813931
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0995
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0186167
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IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0274883
IRS990ScheduleD/DonatedServicesUseFcltsAmt0274883
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0308
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04724
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IRS990ScheduleD/NetUnrealizedGainsInvstAmt0173310
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011482
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO IFT
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