Skip to content
Nonprofiteer
← CONSUMER BRANDS ASSOCIATION FOUNDATION INC

Form 990 for tax year 2022

Filed by CONSUMER BRANDS ASSOCIATION FOUNDATION INC.

Totals

Total revenue
$363,638
Total expenses
$177,419
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$60,270
Investment income
$8,524
Other revenue
$294,844
Total assets, end of year
$898,456
Total liabilities, end of year
$86,618
Net assets or fund balances, end of year
$811,838
Program services expenses (Part IX)
$125,344
Management and general expenses
$52,075
Fundraising expenses
$0
Program service expenses (Part III)
$125,344

Program services were 70.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Instruction fees

    total $60,270 · related or exempt $60,270

  • 3 · Investment income

    total $8,524 · excluded $8,524

  • 5 · Royalties

    total $9,513 · excluded $9,513

  • 10a · Gross sales of inventory

    $314,358

  • 10b · Cost of goods sold

    $31,203

  • 10c · Net income from sales of inventory

    total $283,155 · related or exempt $283,155

  • 11a · Other revenue: Other

    total $2,176 · related or exempt $2,176

  • 11e · Other revenue, total

    $2,176

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $49,376 · program services $13,625 · management and general $35,751

  • 11a · Fees: management

    total $46,925 · program services $43,190 · management and general $3,735

  • 11b · Fees: legal

    total $3,327 · program services $1,963 · management and general $1,364

  • 11c · Fees: accounting

    total $4,938 · program services $2,913 · management and general $2,025

  • 11g · Fees: other

    total $24,372 · program services $21,092 · management and general $3,280

  • 13 · Office expenses

    total $41,070 · program services $40,129 · management and general $941

  • 14 · Information technology

    total $1,140 · program services $1,140

  • 17 · Travel

    total $1,303 · program services $1,292 · management and general $11

  • 24a · Other expenses: Bad debt

    total $4,968 · management and general $4,968

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,033 · end of year $306,644

  • 2 · Savings and temporary cash investments

    beginning of year $562,117 · end of year $568,799

  • 4 · Accounts receivable

    beginning of year $17,591 · end of year $1,843

  • 8 · Inventories for sale or use

    beginning of year $25,864 · end of year $21,170

  • 17 · Accounts payable and accrued expenses

    beginning of year $86,355 · end of year $67,987

  • 19 · Deferred revenue

    beginning of year $18,631 · end of year $18,631

  • 27 · Net assets without donor restrictions

    beginning of year $625,619 · end of year $811,838

Mission and programs · 2022

Mission

The Foundation delivers innovative research, state-of-the-art training and best-in-class education programs to the food industry and consumers and, thereby, contributes to the delivery of high quality, safe food and consumer products. The Foundation also serves to further enhance the Consumer Brands Association as a recognized world leader in food science and safety.

Activities or mission (Part I)

Catalyize the improvement of global food safety inspring the trust of the world's consumers.

  • Research projects, training and best-in-class education seek to increase knowledge in food safety and food science and benefit members of the Consumer Brands Association as well as the general public.

    Expenses $125,344 · Revenue $345,601

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Geoff Freeman Board Chair

    [& CBA Pres. & CEO thru 8/4/2022]

    Total calculated
    $2,327,453
    From this org
    $0
    From related orgs
    $2,316,831
    Other
    $10,622
    Hours/week
    0.5 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $761,800 related
    Bonus
    $0 + $775,000 related
    Other
    $0 + $780,031 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,622 related
    Filer's total
    $0 + $2,327,453 related

  • Stacy Papadopoulos Acting ED

    [& CBA COO & Gen. Counsel]

    Total calculated
    $1,078,488
    From this org
    $0
    From related orgs
    $676,311
    Other
    $402,177
    Hours/week
    3 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,661 related
    Bonus
    $0 + $276,440 related
    Other
    $0 + $210 related
    Deferred
    $0 + $384,714 related
    Nontaxable benefits
    $0 + $17,463 related
    Filer's total
    $0 + $1,078,488 related

  • Joseph Aquilina Secretary

    [& CBA Assoc. Gen. Counsel]

    Total calculated
    $247,884
    From this org
    $0
    From related orgs
    $199,120
    Other
    $48,764
    Hours/week
    0.5 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,620 related
    Bonus
    $0 + $40,500 related
    Other
    $0
    Deferred
    $0 + $42,304 related
    Nontaxable benefits
    $0 + $6,460 related
    Filer's total
    $0 + $247,884 related

  • Kristen Hewlett

    Treas. [& CBA VP of Op's & Finance]

    Total calculated
    $266,378
    From this org
    $0
    From related orgs
    $209,942
    Other
    $56,436
    Hours/week
    2 + 35.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,173 related
    Bonus
    $0 + $10,769 related
    Other
    $0
    Deferred
    $0 + $54,443 related
    Nontaxable benefits
    $0 + $1,993 related
    Filer's total
    $0 + $266,378 related

  • Sarah Gallo Director

    [& CBA Dir. of Reg./Tech. Affairs]

    Total calculated
    $170,894
    From this org
    $0
    From related orgs
    $130,422
    Other
    $40,472
    Hours/week
    0.5 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $130,422 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,686 related
    Nontaxable benefits
    $0 + $9,786 related
    Filer's total
    $0 + $170,894 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The salary for the Foundation's acting executive director is set by the CEO of the Consumer Brands Association (CBA), the parent company of the Foundation.
Part I, Line 4b
Geoff Freeman: CBA provides a 457(f) Plan for its President and CEO who serves on the Board of the Foundation. There was no employer contribution to this Plan in 2022. Upon separation of employment, the full balance of $681,330 was paid out.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
16 June 2023
IRS schema version
2022v5.0
Source object
202331679349300748

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.