Fcsi Educational Foundation INC FY2023 filing

Tax-deductible

Louisville, KY501(c)(3)Since 1995EducationEIN 61-1286096Revenue $210K in FY2023

On file with the IRSfcsief.orgPo Box 4961, 40204-0961 · Louisville, KYTax-exempt since Oct 1995Supporting organization — 509(a)(3)

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To provide funding and financial resources in support of research and Educational programming that promotes life-long learning, professionalism, training, ethical conduct, and the advancement of knowledge and delivery of information in the field of food service consulting.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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 by treaty
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $62K a year · 23% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$210K
+37% vs prior year
Spent
$107K
To programs
66%
Net assets
$596K
By yearFY2020–FY2025
Revenue
$210K
FY2023▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$25K
FY2021$13K
FY2022$153K
FY2023$210K
FY2024$273K
FY2025$312K
Expenses
$107K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$107K
FY2024$202K
FY2025$302K
Net assets
$596K
FY2023▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$440K
FY2021$495K
FY2022$493K
FY2023$596K
FY2024$667K
FY2025$678K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1995.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $71K Management & general 34% · $36K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Fcsi Educational Foundation INC 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 research and education to advance food service consulting knowledge and professionalism.

Provided by the organization

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1 program · $71K · in their own filed words · FY2023
01

The fcsi educational foundation offers hospitality and foodservice grants to fcsi regional divisions & chapters (member continued professional development) and the individuals who plan to pursue a long standing career in foodservice consulting, or those who are conducting original research; the results to which would benefit the…

$71Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $19K · 2024–2025
Western Kentucky UniversityFY2025$7,398
Fcsi the AmericasFY2024$11,400

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$210K
Ln 12
Gifts and grantsLn 1h$154K
Investment incomeLn 3$55K
Money outPt IX
$107K
Ln 25
Programscol B$71K
Managementcol C$36K
Owns and owesPt X
$596K
net assets · Ln 32
Cash and savingsLn 1–2$161K
Total assetsLn 16$596K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$154K
Investment incomeLn 3$55K
Gains on assetsLn 7$43K
Total revenueLn 12$210K
Assets in detailPt X, end of year
CashLn 1$137K
SavingsLn 2$23K
Cash and savings togetherLn 1–2$161K
InvestmentsLn 11–13$424K
Total assetsLn 16$596K
LiabilitiesLn 26$0
Net assetsLn 32$596K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
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 FY23End FY23
Cash and savingsLn 1–2$484K$161K
InvestmentsLn 11–13$424K
Total assetsLn 16$493K$596K
LiabilitiesLn 26$0$0
Net assetsLn 32$493K$596K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5K$5K
Management feesLn 11a$20K$20K
Legal feesLn 11b$725$725
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$7K$7K
Advertising and promotionLn 12$16K$1K$15K
Office expensesLn 13$2K$2K
Information technologyLn 14$13K$13K
TravelLn 17$10K$10K
Conferences, conventions and meetingsLn 19$12K$12K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$15K$15K
Total functional expensesLn 25$107K$71K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $312K$302K$11K$678K 990 PDF
FY2024 $273K$202K$71K$667K 990 PDF
FY2023 Viewing $210K$107K$102K$596K 990 PDF
FY2022 $153K$493K 990 PDF
FY2021 $13K$495K 990 PDF
FY2020 $25K$440K 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 FY2023 990 (6 parts)
Part I · Summary $209,587 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $121,778$154,211
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $30,884$55,376
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $152,662$209,587
I-13 Grants and similar amounts paidPrior year $11,500$5,000
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 $57,901$102,173
I-18 Total expensesPrior year $69,401$107,173
I-19 Revenue less expensesPrior year $83,261$102,414
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $209,587 across 6 lines filed
VIII-1b Membership dues$11,201
VIII-1f All other contributions, gifts and grants$143,010
VIII-1h Total contributions, gifts and grants$154,211
VIII-3 Investment incomeExcluded from tax $12,638$12,638
VIII-7 Net gain or loss on sales of assetsRelated to mission $42,738$42,738
VIII-12 Total revenueRelated to mission $42,738 · Unrelated business $0 · Excluded from tax $12,638$209,587
Part IX · Statement of functional expenses $107,173 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $5,000$5,000
IX-11a Management feesManagement $20,225$20,225
IX-11b Legal feesPrograms $725$725
IX-11c Accounting feesManagement $1,050$1,050
IX-11f Investment management feesPrograms $3,288$3,288
IX-11g Other fees for servicesPrograms $7,030$7,030
IX-12 Advertising and promotionPrograms $1,201 · Management $15,198$16,399
IX-13 Office expensesPrograms $2,141$2,141
IX-14 Information technologyPrograms $12,936$12,936
IX-17 TravelPrograms $10,350$10,350
IX-19 Conferences, conventions and meetingsPrograms $11,898$11,898
IX-23 InsurancePrograms $1,354$1,354
IX-24 Other expenses (24a–d)Programs $14,777$14,777
IX-25 Total functional expensesPrograms $70,700 · Management $36,473 · Fundraising $0$107,173
Part X · Balance sheet $595,802 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $484,388$137,386
X-2 Savings and temporary cash investments$23,253
X-9 Prepaid expenses and deferred chargesStart of year $9,000$11,280
X-11 Publicly traded securities$423,883
X-16 Total assetsStart of year $493,388$595,802
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $245,158$347,572
X-28 Net assets with donor restrictionsStart of year $248,230$248,230
X-32 Total net assets or fund balancesStart of year $493,388$595,802
X-33 Total liabilities and net assetsStart of year $493,388$595,802
Part XI · Reconciliation of net assets $595,802 net assets at year end
XI-1 Total revenue$209,587
XI-2 Total expenses$107,173
XI-3 Revenue less expenses$102,414
XI-4 Net assets at start of year$493,388
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$595,802

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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