Feed the Truth INC FY2020 filing

Washington, DCUnknown exempt organizationEIN 81-4944037Revenue $1.0M in FY2020

On file with the IRSfeedthetruth.org1800 M Street Nw 33347 33347 · Washington, DC

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Feed the Truth works to change food industry practices to create healthier, more equitable food environments.

60¢ of each $1 spent went to programs.
$202K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $92K a year · 8% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$202K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
Spent
$805K
To programs
60%
Net assets
$625K
By yearFY2020–FY2023
Revenue
$1.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$1.3M
FY2022$2K
FY2023$11
Expenses
$805K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$805K
FY2021$1.6M
FY2022Not on file
FY2023Not on file
Net assets
$625K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$625K
FY2021$246K
FY2022$225K
FY2023$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $482K Management & general 37% · $298K Fundraising 3% · $25K

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

7 people listed on the 990; $202K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$201,914Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (thru January)
$0Pt VII · Sec A
Director (thru October)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Lucy Sullivan$182,831$201,914

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Feed the Truth 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

Advocates for healthier, fairer food systems by changing industry practices.

Questions for Feed the Truth INC

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Provided by the organization

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1 program · $482K · in their own filed words · FY2020
01

While feed the truth received some seed funding in 2020, the strategic planning procress for its specific charitable activities and programs was still under design during this time. Feed the truth issued $20,000 in grants to non-profit organizations whose vision and values aligned with that of feed the truth's and have a focus on food…

$482Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$11
Grants paid · 2 grants · $20K · 2020–2020
The Praxis Project INCCA · FY2020$10,000
The UCLA FoundationCA · FY2020$10,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$1.0M
Money outPt IX
$805K
Ln 25
Programscol B$482K
Managementcol C$298K
Fundraisingcol D$25K
Owns and owesPt X
$625K
net assets · Ln 32
Cash and savingsLn 1–2$614K
Total assetsLn 16$636K
LiabilitiesLn 26$11K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$614K
Cash and savings togetherLn 1–2$614K
Other assetsLn 15$5K
Total assetsLn 16$636K
LiabilitiesLn 26$11K
Net assetsLn 32$625K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$451K$614K
Total assetsLn 16$453K$636K
LiabilitiesLn 26$22K$11K
Net assetsLn 32$431K$625K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Pay of current officers, directors and key staffLn 5$207K$140K$54K$13K
Other salaries and wagesLn 7$107K$72K$28K$7K
Pension plan contributionsLn 8$2K$1K$488$117
Other employee benefitsLn 9$14K$9K$4K$860
Payroll taxesLn 10$23K$16K$6K$1K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$55K$55K
Other fees for servicesLn 11g$286K$165K$121K
Office expensesLn 13$26K$18K$8K$1K
Information technologyLn 14$3K$2K$994$133
OccupancyLn 16$52K$35K$15K$2K
TravelLn 17$865$174$691
InsuranceLn 23$3K$2K$817$109
Other expenses (24a–d)Ln 24$2K$1K$449$60
Total functional expensesLn 25$805K$482K$298K$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $11$0 990 PDF
FY2022 $2K$225K 990 PDF
FY2021 $1.3M$1.6M−$379K$246K 990 PDF
FY2020 Viewing $1.0M$805K$195K$625K 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 FY2020 990 (6 parts)
Part I · Summary $1,000,010 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $500,000$1,000,010
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $500,000$1,000,010
I-13 Grants and similar amounts paidPrior year $150,000$20,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$353,202
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $333,141$432,106
I-18 Total expensesPrior year $483,141$805,308
I-19 Revenue less expensesPrior year $16,859$194,702
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,000,010 across 3 lines filed
VIII-1f All other contributions, gifts and grants$1,000,010
VIII-1h Total contributions, gifts and grants$1,000,010
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,000,010
Part IX · Statement of functional expenses $805,308 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $20,000$20,000
IX-5 Pay of current officers, directors and key staffPrograms $140,001 · Management $54,265 · Fundraising $12,960$207,226
IX-7 Other salaries and wagesPrograms $72,473 · Management $28,091 · Fundraising $6,709$107,273
IX-8 Pension plan contributionsPrograms $1,260 · Management $488 · Fundraising $117$1,865
IX-9 Other employee benefitsPrograms $9,294 · Management $3,602 · Fundraising $860$13,756
IX-10 Payroll taxesPrograms $15,594 · Management $6,044 · Fundraising $1,444$23,082
IX-11b Legal feesManagement $3,487$3,487
IX-11c Accounting feesManagement $55,360$55,360
IX-11g Other fees for servicesPrograms $165,331 · Management $120,921$286,252
IX-13 Office expensesPrograms $17,558 · Management $7,568 · Fundraising $1,008$26,134
IX-14 Information technologyPrograms $2,307 · Management $994 · Fundraising $133$3,434
IX-16 OccupancyPrograms $35,070 · Management $15,116 · Fundraising $2,016$52,202
IX-17 TravelPrograms $174 · Management $691$865
IX-23 InsurancePrograms $1,896 · Management $817 · Fundraising $109$2,822
IX-24 Other expenses (24a–d)Programs $1,041 · Management $449 · Fundraising $60$1,550
IX-25 Total functional expensesPrograms $481,999 · Management $297,893 · Fundraising $25,416$805,308
Part X · Balance sheet $636,113 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $450,730$613,599
X-9 Prepaid expenses and deferred charges$17,750
X-15 Other assetsStart of year $2,100$4,764
X-16 Total assetsStart of year $452,830$636,113
X-17 Accounts payable and accrued expensesStart of year $22,318$10,899
X-26 Total liabilitiesStart of year $22,318$10,899
X-27 Net assets without donor restrictionsStart of year $430,512$625,214
X-32 Total net assets or fund balancesStart of year $430,512$625,214
X-33 Total liabilities and net assetsStart of year $452,830$636,113
Part XI · Reconciliation of net assets $625,214 net assets at year end
XI-1 Total revenue$1,000,010
XI-2 Total expenses$805,308
XI-3 Revenue less expenses$194,702
XI-4 Net assets at start of year$430,512
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$625,214

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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