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Feeding Tomorrow FY2021 filing

Chicago, ILUnknown exempt organizationEIN 36-3432464Revenue $596K in FY2021

On file with the IRSift.org525 West Van Buren No 1000 · Chicago, IL

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

81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $384K a year · 44% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$40K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$596K
-59% vs prior year
Spent
$416K
To programs
81%
Net assets
$10.4M
By yearFY2020–FY2022
Revenue
$596K
FY2021▼ -59%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$596K
FY2022$552K
Expenses
$416K
FY2021▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$485K
FY2021$416K
FY2022$564K
Net assets
$10.4M
FY2021▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.6M
FY2021$10.4M
FY2022$0

From the FY2021 Form 990 (year ending August 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $338K Management & general 19% · $78K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ken Lee
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Feeding Tomorrow executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advances global food access through service, education, and research.

Questions for Feeding Tomorrow

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Provided by the organization

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1 program · $338K · in their own filed words · FY2020
01

Scholarship, Fellowship & Awards Program

The program is within the mission of the foundation as it distributes funds dedicated to promote the development of future food scientists, the exchange of information, communication and education aimed at improving the food supply and its effective use.

$338Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Chicagoland Food Science Foundation INCFY2024$8K
Total grants receivedfrom 1 funder$8K
Grants paid · 6 grants · $679K · 2019–2021
Unitemized GrantFY2021$225,760
Institute of Food Techologists INCIL · FY2021$100,000
Institute of Food Techologists INCIL · FY2020$100,000
Unitemized GrantFY2020$11,300
Unitemized GrantFY2019$142,085
Institute of Food Techologists INCIL · FY2019$100,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$596K
Ln 12
Investment incomeLn 3$398K
Gifts and grantsLn 1h$198K
Money outPt IX
$416K
Ln 25
Programscol B$338K
Managementcol C$78K
Owns and owesPt X
$10.4M
net assets · Ln 32
Cash and savingsLn 1–2$344K
Total assetsLn 16$10.4M
LiabilitiesLn 26$40K
PeoplePt VI, VII
28
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$198K
Investment incomeLn 3$398K
Gains on assetsLn 7$136K
Total revenueLn 12$596K
Assets in detailPt X, end of year
CashLn 1$344K
Cash and savings togetherLn 1–2$344K
InvestmentsLn 11–13$10.0M
Land, buildings, equipmentLn 10c$22K
Other assetsLn 15$0
Total assetsLn 16$10.4M
LiabilitiesLn 26$40K
Net assetsLn 32$10.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$566K$344K
InvestmentsLn 11–13$9.0M$10.0M
Land, buildings, equipmentLn 10c$33K$22K
Total assetsLn 16$9.6M$10.4M
LiabilitiesLn 26$34K$40K
Net assetsLn 32$9.6M$10.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$100K$100K
Grants to domestic individualsLn 2$142K$142K
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$10K$10K
Investment management feesLn 11f$34K$34K
Other fees for servicesLn 11g$65K$63K$2K
Office expensesLn 13$8K$7K$668
Information technologyLn 14$3K$3K
Depreciation, depletion and amortizationLn 22$12K$12K
Other expenses (24a–d)Ln 24$31K$26K$5K
Total functional expensesLn 25$416K$338K$78K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $552K$564K−$12K$0 990 PDF
FY2021 Viewing $596K$416K$180K$10.4M 990 PDF
FY2020 $1.5M$485K$986K$9.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $595,738 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,369,259$198,096
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $101,103$397,642
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,470,362$595,738
I-13 Grants and similar amounts paidPrior year $322,085$241,920
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $162,488$174,253
I-18 Total expensesPrior year $484,573$416,173
I-19 Revenue less expensesPrior year $985,789$179,565
Part VI · Governance 16 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $595,738 across 5 lines filed
VIII-1f All other contributions, gifts and grants$198,096
VIII-1h Total contributions, gifts and grants$198,096
VIII-3 Investment incomeExcluded from tax $261,260$261,260
VIII-7 Net gain or loss on sales of assetsExcluded from tax $136,382$136,382
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $397,642$595,738
Part IX · Statement of functional expenses $416,173 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $100,000$100,000
IX-2 Grants to domestic individualsPrograms $141,920$141,920
IX-11b Legal feesManagement $12,118$12,118
IX-11c Accounting feesManagement $10,300$10,300
IX-11f Investment management feesManagement $34,213$34,213
IX-11g Other fees for servicesPrograms $63,250 · Management $1,755$65,005
IX-13 Office expensesPrograms $6,844 · Management $668$7,512
IX-14 Information technologyManagement $2,610$2,610
IX-22 Depreciation, depletion and amortizationManagement $11,589$11,589
IX-24 Other expenses (24a–d)Programs $25,695 · Management $5,211$30,906
IX-25 Total functional expensesPrograms $337,709 · Management $78,464 · Fundraising $0$416,173
Part X · Balance sheet $10,404,409 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $565,725$343,868
X-3 Pledges and grants receivableStart of year $120$480
X-4 Accounts receivableStart of year $5,000$5,000
X-10c Land, buildings and equipment, netStart of year $33,183$21,822
X-11 Publicly traded securitiesStart of year $8,994,763$10,033,239
X-15 Other assetsStart of year $6,779$0
X-16 Total assetsStart of year $9,605,570$10,404,409
X-17 Accounts payable and accrued expensesStart of year $34,060$20,984
X-25 Other liabilitiesStart of year $0$19,226
X-26 Total liabilitiesStart of year $34,060$40,210
X-27 Net assets without donor restrictionsStart of year $22,169$227,578
X-28 Net assets with donor restrictionsStart of year $9,549,341$10,136,621
X-32 Total net assets or fund balancesStart of year $9,571,510$10,364,199
X-33 Total liabilities and net assetsStart of year $9,605,570$10,404,409
Part XI · Reconciliation of net assets $10,364,199 net assets at year end
XI-1 Total revenue$595,738
XI-2 Total expenses$416,173
XI-3 Revenue less expenses$179,565
XI-4 Net assets at start of year$9,571,510
XI-5 Net unrealized gains (losses) on investments$613,124
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,364,199

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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