50by40 INC FY2020 filing

Leawood, KSUnknown exempt organizationEIN 84-4814993Revenue $833K in FY2020

On file with the IRS50by40.org11460 Tomahawk Creek Parkway No 3 · Leawood, KS

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We are a global, collective impact organization aiming to cut the global production and consumption of animal products by 50% by 2040.

9¢ of each $1 spent went to programs.
$86K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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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
2 of 4
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
9%
of spending
Concern: 9% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$86K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $42
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$833K
Spent
$631K
To programs
9%
Net assets
$202K
By yearFY2020–FY2023
Revenue
$833K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$833K
FY2021$1.1M
FY2022$388K
FY2023$55
Expenses
$631K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$631K
FY2021$1.0M
FY2022$601K
FY2023$42K
Net assets
$202K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$202K
FY2021$255K
FY2022$42K
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

9 cents of each dollar spent went to programs.

Program services 9% · $54K Management & general 91% · $577K

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

4 people listed on the 990; $86K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$86,000Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary and Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Lasse Bruun$4,185$120,000$112,500$86,000
Sebastian Joy——$24,000—

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 50by40 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

Reducing global animal product use by half by 2040.

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Provided by the organization

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3 programs · $53K · in their own filed words · FY2020
01

Through the Global Engagement Summit

Voices for a better food future, 50BY40 aimed at gathering voices from across the globe to collectively examine these challenges and, as a result, turn them into opportunities to accomplish the change we are striving for.

$34Kprogram expense
02

We changerswe launched a new granting platform and raised $2.4 million in seed funding to support transformative ideas. Only a few months after the launch, the platform now features proposals from 30 different partner organization, spanning 57 countries.

$17Kprogram expense
03

Just Transition

Food system dialoguesthe event brought together a wide range of stakeholders, including civil society representatives, those from the private sector, national, regional, and international bodies. All in all, 59 participants joined the conversation.

$2Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$42

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$833K
Ln 12
Gifts and grantsLn 1h$833K
Investment incomeLn 3$5
Money outPt IX
$631K
Ln 25
Programscol B$54K
Managementcol C$577K
Owns and owesPt X
$202K
net assets · Ln 32
Cash and savingsLn 1–2$202K
Total assetsLn 16$202K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$833K
Investment incomeLn 3$5
Total revenueLn 12$833K
Assets in detailPt X, end of year
CashLn 1$202K
Cash and savings togetherLn 1–2$202K
Total assetsLn 16$202K
LiabilitiesLn 26$0
Net assetsLn 32$202K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$0$202K
Total assetsLn 16$0$202K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$202K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$54K$54K
Management feesLn 11a$532K$532K
Legal feesLn 11b$15K$15K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$7K$7K
Information technologyLn 14$18K$18K
TravelLn 17$3K$3K
Total functional expensesLn 25$631K$54K$577K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $55$42K−$42K$0 990 PDF
FY2022 $388K$601K−$212K$42K 990 PDF
FY2021 $1.1M$1.0M$53K$255K 990 PDF
FY2020 Viewing $833K$631K$202K$202K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants F · Foreign O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $832,872 revenue, 12 lines filed
I-8 Contributions and grants$832,867
I-9 Program service revenue$0
I-10 Investment income$5
I-11 Other revenue$0
I-12 Total revenue$832,872
I-13 Grants and similar amounts paid$53,861
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$577,337
I-18 Total expenses$631,198
I-19 Revenue less expenses$201,674
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $832,872 across 4 lines filed
VIII-1f All other contributions, gifts and grants$832,867
VIII-1h Total contributions, gifts and grants$832,867
VIII-3 Investment incomeExcluded from tax $5$5
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5$832,872
Part IX · Statement of functional expenses $631,198 across 7 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $53,861$53,861
IX-11a Management feesManagement $531,608$531,608
IX-11b Legal feesManagement $14,656$14,656
IX-12 Advertising and promotionManagement $2,340$2,340
IX-13 Office expensesManagement $7,379$7,379
IX-14 Information technologyManagement $18,038$18,038
IX-17 TravelManagement $3,316$3,316
IX-25 Total functional expensesPrograms $53,861 · Management $577,337 · Fundraising $0$631,198
Part X · Balance sheet $201,674 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $0$201,674
X-16 Total assetsStart of year $0$201,674
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$201,674
X-33 Total liabilities and net assetsStart of year $0$201,674
Part XI · Reconciliation of net assets $201,674 net assets at year end
XI-1 Total revenue$832,872
XI-2 Total expenses$631,198
XI-3 Revenue less expenses$201,674
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$201,674

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

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