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Fmi Foundation

Tax-deductible

Arlington, VA501(c)(3)Foundations & Grantmakers EIN 52-1970352Revenue $1.8M in FY2024

On file with the IRSfmi.org251 18th St S Ste 1200, 22202-3537 · Arlington, VATax-exempt since Dec 1996Supporting organization — 509(a)(3)

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Provide support to the food industry's important food safety, nutrition and health programs.

501(c)(3) charity; gifts are tax-deductible.
36¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $139K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
36%
of spending
Concern: 36% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Plus $11.1M in investments, Pt X · Ln 11–13
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$522K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+148% vs prior year
Spent
$1.5M
To programs
36%
Net assets
$11.0M
By yearFY2020–FY2024
Revenue
$1.8M
FY2024▲ +148%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.7M
FY2022$937K
FY2023$737K
FY2024$1.8M
Expenses
$1.5M
FY2024▲ +58%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$949K
FY2022$1.1M
FY2023$964K
FY2024$1.5M
Net assets
$11.0M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.2M
FY2021$12.3M
FY2022$10.0M
FY2023$10.8M
FY2024$11.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1996.

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

Where the money goes

36 cents of each dollar spent went to programs.

Program services 36% · $543K Management & general 25% · $382K Fundraising 39% · $602K

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

26 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kevin Davis
Trustee Until 12/24
$0Pt VII · Sec A
See Fmi Foundation 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

Funds food safety, nutrition, and health programs through grants that support consumers, food industry workers, and suppliers to prevent foodborne illness.

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Provided by the organization

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1 program · $543K · in their own filed words · FY2024
01

The foundation's grant programs focus on consumers, store associates and other workers, as well as food suppliers to advance nutrition, health and food safety. Through interaction with the non-profit partnership for food safety education, resources from the foundation have enabled the partnership to develop the only public-private…

$543Kprogram 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
Better Together - the Advantage Solutions Education FoundationFY2024$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 36 grants · $1.1M · 2020–2024
Unitemized GrantFY2024$45,000
Food Marketplace INCVA · FY2024$35,000
Common ThreadsTX · FY2024$25,000
Partnership for Food Safety Education INCOH · FY2024$25,000
The Center for Food Integrity INCMO · FY2024$20,000
Foundation for Food Integrity INCMO · FY2024$15,000
Junior Achievement USACO · FY2023$50,000
Unitemized GrantFY2023$45,000
Food Marketplace INCVA · FY2023$35,000
Common ThreadsTX · FY2023$25,000
Partnership for Food Safety Education INCOH · FY2023$25,000
The Center for Food Integrity INCMO · FY2023$20,000
Junior Achievement USACO · FY2022$50,000
Unitemized GrantFY2022$45,000
Food Marketplace INCVA · FY2022$35,000
Global Food Protection InstituteMI · FY2022$25,000
Common ThreadsTX · FY2022$25,000
Partnership for Food Safety Education INCOH · FY2022$25,000
See all 36 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.8M
Ln 12
Investment incomeLn 3$1.2M
Gifts and grantsLn 1h$595K
Money outPt IX
$1.5M
Ln 25
Programscol B$543K
Managementcol C$382K
Fundraisingcol D$602K
Owns and owesPt X
$11.0M
net assets · Ln 32
Cash and savingsLn 1–2$302K
Total assetsLn 16$11.5M
LiabilitiesLn 26$522K
PeoplePt VI, VII
26
listed · VII A
PaidVII A0
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$595K
Investment incomeLn 3$1.2M
Gains on assetsLn 7$872K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$302K
Cash and savings togetherLn 1–2$302K
InvestmentsLn 11–13$11.1M
Total assetsLn 16$11.5M
LiabilitiesLn 26$522K
Net assetsLn 32$11.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$309K$302K
InvestmentsLn 11–13$11.8M$11.1M
Total assetsLn 16$12.2M$11.5M
LiabilitiesLn 26$1.3M$522K
Net assetsLn 32$10.8M$11.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$120K$120K
Grants to domestic individualsLn 2$45K$45K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$100K$100K
Other fees for servicesLn 11g$355K$158K$197K
Advertising and promotionLn 12$15K$15K
Office expensesLn 13$4K$554$261$3K
Information technologyLn 14$7K$6K$1K
TravelLn 17$16K$13K$2K$1K
Conferences, conventions and meetingsLn 19$340K$15K$324K
Depreciation, depletion and amortizationLn 22$10K$5K$5K
Other expenses (24a–d)Ln 24$508K$164K$273K$71K
All other expensesLn 24e$546$546
Total functional expensesLn 25$1.5M$543K$382K$602K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.8M$1.5M$298K$11.0M 990 PDF
FY2023 $737K$964K−$227K$10.8M 990 PDF
FY2022 $937K$1.1M−$208K$10.0M 990 PDF
FY2021 $1.7M$949K$794K$12.3M 990 PDF
FY2020 $1.1M$1.1M$39K$11.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,824,078 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $698,587$594,769
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $441,992$1,229,309
I-11 Other revenuePrior year −$403,646$0
I-12 Total revenuePrior year $736,933$1,824,078
I-13 Grants and similar amounts paidPrior year $200,000$165,000
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 $764,172$1,361,563
I-18 Total expensesPrior year $964,172$1,526,563
I-19 Revenue less expensesPrior year −$227,239$297,515
Part VI · Governance 22 of 22 board members independent, 4 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,824,078 across 5 lines filed
VIII-1f All other contributions, gifts and grants$594,769
VIII-1h Total contributions, gifts and grants$594,769
VIII-3 Investment incomeExcluded from tax $357,181$357,181
VIII-7 Net gain or loss on sales of assetsExcluded from tax $872,128$872,128
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,229,309$1,824,078
Part IX · Statement of functional expenses $1,526,563 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $120,000$120,000
IX-2 Grants to domestic individualsPrograms $45,000$45,000
IX-11b Legal feesPrograms $1,019$1,019
IX-11c Accounting feesManagement $5,460$5,460
IX-11f Investment management feesManagement $99,607$99,607
IX-11g Other fees for servicesPrograms $158,071 · Fundraising $196,707$354,778
IX-12 Advertising and promotionPrograms $15,187$15,187
IX-13 Office expensesPrograms $554 · Management $261 · Fundraising $3,318$4,133
IX-14 Information technologyPrograms $5,604 · Management $1,484$7,088
IX-17 TravelPrograms $13,075 · Management $1,844 · Fundraising $1,240$16,159
IX-19 Conferences, conventions and meetingsPrograms $15,322 · Fundraising $324,322$339,644
IX-22 Depreciation, depletion and amortizationPrograms $5,067 · Fundraising $5,034$10,101
IX-24 Other expenses (24a–d)Programs $163,932 · Management $272,713 · Fundraising $71,196$507,841
IX-24e All other expensesManagement $546$546
IX-25 Total functional expensesPrograms $542,831 · Management $381,915 · Fundraising $601,817$1,526,563
Part X · Balance sheet $11,534,955 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $309,497$302,474
X-4 Accounts receivableStart of year $1,000$0
X-9 Prepaid expenses and deferred chargesStart of year $24,476$89,119
X-11 Publicly traded securitiesStart of year $11,827,007$11,143,362
X-16 Total assetsStart of year $12,161,980$11,534,955
X-17 Accounts payable and accrued expensesStart of year $150$0
X-19 Deferred revenueStart of year $322,500$317,500
X-25 Other liabilitiesStart of year $1,022,125$204,599
X-26 Total liabilitiesStart of year $1,344,775$522,099
X-27 Net assets without donor restrictionsStart of year $10,817,205$11,012,856
X-32 Total net assets or fund balancesStart of year $10,817,205$11,012,856
X-33 Total liabilities and net assetsStart of year $12,161,980$11,534,955
Part XI · Reconciliation of net assets $11,012,856 net assets at year end
XI-1 Total revenue$1,824,078
XI-2 Total expenses$1,526,563
XI-3 Revenue less expenses$297,515
XI-4 Net assets at start of year$10,817,205
XI-5 Net unrealized gains (losses) on investments−$101,864
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,012,856

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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