Totals
- Total revenue
- $937,449
- Total expenses
- $1,145,052
- Contributions and grants received
- $515,369
- Grants paid
- $260,000
- Program service revenue
- $0
- Investment income
- $385,080
- Other revenue
- $37,000
- Total assets, end of year
- $10,601,900
- Total liabilities, end of year
- $634,069
- Net assets or fund balances, end of year
- $9,967,831
- Program services expenses (Part IX)
- $623,118
- Management and general expenses
- $348,718
- Fundraising expenses
- $173,216
- Program service expenses (Part III)
- $623,118
Program services were 54.4% 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.
-
1d · Related organizations
$60,000
-
1f · All other contributions, gifts and grants
$455,369
-
3 · Investment income
total $246,899 · excluded $246,899
-
7a · Gross sales of assets other than inventory
securities $6,324,233
-
7b · Less cost or other basis and sales expenses
securities $6,186,052
-
7c · Gain or loss
securities $138,181
-
7d · Net gain or loss
total $138,181 · excluded $138,181
-
11a · Other revenue: OTHER MISC REVENUES
total $37,000 · excluded $37,000
-
11e · Other revenue, total
$37,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $215,000 · program services $215,000
-
2 · Grants to domestic individuals
total $45,000 · program services $45,000
-
11c · Fees: accounting
total $10,000 · management and general $10,000
-
11f · Fees: investment management
total $92,618 · management and general $92,618
-
11g · Fees: other
total $185,450 · program services $185,450
-
13 · Office expenses
total $4,223 · program services $409 · management and general $912 · fundraising $2,902
-
14 · Information technology
total $6,087 · program services $5,399 · management and general $688
-
17 · Travel
total $24,587 · program services $20,113 · management and general $2,622 · fundraising $1,852
-
19 · Conferences, conventions and meetings
total $118,586 · program services $30,094 · management and general $1,475 · fundraising $87,017
-
22 · Depreciation, depletion and amortization
total $10,353 · program services $9,506 · fundraising $847
-
24a · Other expenses: PROGRAM ADMINISTRATION
total $428,811 · program services $108,541 · management and general $239,701 · fundraising $80,569
-
24b · Other expenses: AWARDS & OTHER
total $2,461 · program services $1,730 · management and general $702 · fundraising $29
-
24c · Other expenses: SURVEY DATA
total $1,876 · program services $1,876
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $317,930 · end of year $103,957
-
4 · Accounts receivable
beginning of year $47,500 · end of year $70,000
-
9 · Prepaid expenses and deferred charges
beginning of year $513 · end of year $36,442
-
11 · Investments: publicly traded securities
beginning of year $12,271,073 · end of year $10,391,501
-
17 · Accounts payable and accrued expenses
beginning of year $107,119 · end of year $58,288
-
19 · Deferred revenue
beginning of year $137,500 · end of year $382,618
-
25 · Other liabilities
beginning of year $44,929 · end of year $193,163
-
27 · Net assets without donor restrictions
beginning of year $12,347,468 · end of year $9,967,831
Mission and programs · 2022
Mission
FMI FOUNDATION (THE FOUNDATION) PROVIDES FUNDS TO HELP SUPPORT THE FOOD INDUSTRY'S IMPORTANT FOOD SAFETY, HEALTH AND NUTRITION PROGRAMS. THESE PROGRAMS PROTECT CONSUMERS FROM FOODBORNE ILLNESS AND ENCOURAGE HEALTHIER EATING. THESE PROGRAMS INCLUDE THE PARTNERSHIP FOR FOOD SAFETY EDUCATION, UNIFIED VOICE PROTOCOL AND THE FAMILY MEALS MONTH.
Activities or mission (Part I)
PROVIDE SUPPORT TO THE FOOD INDUSTRY'S IMPORTANT FOOD SAFETY, NUTRITION AND HEALTH PROGRAMS.
-
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 COLLABORATIVE THAT FOCUSES EXCLUSIVELY ON THE PREVENTION OF FOODBORNE ILLNESS AT THE POINT OF CONSUMER HANDLING AND PREPARATION IN THE HOME. THE FOUNDATION ALSO GAVE GRANTS AND PAID OTHER EXPENSES RELATED TO THE UNIFIED VOICE PROTOCOL WHICH ESTABLISHES A FRAMEWORK TO PROACTIVELY CREATE AN ENVIRONMENT OF TRUST IN THE FOOD AND CONSUMER GOODS INDUSTRIES. THE FOUNDATION IS ALSO WORKING WITH JUNIOR ACHIEVEMENT US TO HELP PROMOTE THE FOOD INDUSTRY AS A PREFERRED CAREER CHOICE.THE FOUNDATION STARTED THE FAMILY MEALS CAMPAIGN TO ENCOURAGE ONE MORE MEAL AT HOME EACH WEEK. FAMILY MEALS EATEN AT HOME HAVE PROVEN TO BENEFIT THE HEALTH AND WELLNESS OF CHILDREN AND ADOLESCENTS, TO FIGHT OBESITY, SUBSTANCE ABUSE AND TO MAKE FAMILIES STRONGER. THE FOUNDATION IS PROVIDING ONLINE TOOLKITS THAT RETAILERS AND SUPPLIERS CAN USE TO PROMOTE FAMILY MEALS. THE TOOLKIT INCLUDES, RECIPES, PLANNING SUGGESTIONS, RECIPE LISTS AND MESSAGING ABOUT THE BENEFITS OF FAMILY MEALS.THE FOUNDATION PROVIDED SCHOLARSHIPS AND FUNDING TO UNIVERSITY SCIENCE PROGRAMS TO PROMOTE TRAINING FOR AUDITORS IN FOOD SAFETY IN AN ACCREDITED CERTIFICATION PROGRAM.
Expenses $623,118 · Grants $260,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brad WbrookshireBRAD WBROOKSHIRE
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dagmar BoggsDAGMAR BOGGS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brent CottenBRENT COTTEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Keith DaileyKEITH DAILEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kevin DavisKEVIN DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Molly FogartyMOLLY FOGARTY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chris FoleyCHRIS FOLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brian GeorgeBRIAN GEORGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Neil GolubNEIL GOLUB
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Oscar GonzalezOSCAR GONZALEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Georgia Van GundyGEORGIA VAN GUNDY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Todd JonesTODD JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rick KeyesRICK KEYES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Oli MortonOLI MORTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Joseph SheridanJOSEPH SHERIDAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Geoff TannerGEOFF TANNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kirk TannerKIRK TANNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike VailMIKE VAIL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Julia WellsJULIA WELLS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Leslie G Sarasin EsqLESLIE G SARASIN ESQ
PRESIDENT
- Total calculated
- $3,264,355
- From this org
- $0
- From related orgs
- $2,844,800
- Other
- $419,555
- Hours/week
- 1 + 37 related
Schedule J breakdown matched by us
- Base
- $0 + $1,753,784 related
- Bonus
- $0 + $1,046,600 related
- Other
- $0 + $44,416 related
- Deferred
- $0 + $388,800 related
- Nontaxable benefits
- $0 + $30,755 related
- Filer's total
- $0 + $3,264,355 related
-
Salvatore J DicarloSALVATORE J DICARLO
CFO/TREASURER
- Total calculated
- $477,671
- From this org
- $0
- From related orgs
- $512,780
- Other
- -$35,109
- Hours/week
- 1 + 37 related
Schedule J breakdown matched by us
- Base
- $0 + $454,543 related
- Bonus
- $0 + $53,900 related
- Other
- $0 + $4,337 related
- Deferred
- $0 + -$65,973 related
- Nontaxable benefits
- $0 + $30,864 related
- Filer's total
- $0 + $477,671 related
-
David FikesDAVID FIKES
SENIOR VP/SECRETARY
- Total calculated
- $346,804
- From this org
- $0
- From related orgs
- $291,583
- Other
- $55,221
- Hours/week
- 19 + 19 related
Schedule J breakdown matched by us
- Base
- $0 + $257,355 related
- Bonus
- $0 + $26,700 related
- Other
- $0 + $7,528 related
- Deferred
- $0 + $23,576 related
- Nontaxable benefits
- $0 + $31,645 related
- Filer's total
- $0 + $346,804 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 FOUNDATION DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF THE FOOD MARKETPLACE INC. (FMI), A RELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(6). ON AN ANNUAL BASIS, FOR FMI'S CEO AND OTHER SENIOR EXECUTIVE POSITIONS, A COMPENSATION COMMITTEE, COMPRISED OF CURRENT AND PAST BOARD OFFICERS, REVIEWS EMPLOYEE PERFORMANCE AND MAKES COMPENSATION ADJUSTMENTS ON THE BASIS OF THIS PERFORMANCE IN CONJUNCTION WITH A REVIEW OF MARKET-BASED, PUBLICALLY AVAILABLE, COMPARABILITY DATA. PERIODICALLY, FMI USES THE SERVICES OF AN INDEPENDENT CONSULTANT TO DO A MORE THOROUGH REVIEW OF COMPENSATION RANGES FOR ALL STAFF POSITIONS.
- PART I, LINE 4B
- LESLIE G. SARASIN, PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN DURING THE YEAR ENDING DECEMBER 31, 2022. THE ORGANIZATION CONTRIBUTED $364,400 TO THE PLAN FOR 2022.
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
-
$50,000
SUPPORT A NATIONWIDE INITIATIVE THAT IS EXECUTED ON THE LOCAL LEVEL TO ENHANCES THE REPUTATION OF THE FOOD INDUSTRY AS A PREFERRED WORKPLACE AND CAREER DESTINATION.
-
$35,000
RESOURCE DATA ON TRENDS IN FAMILY MEALS.
-
CONSUMER FOOD SAFETY INITIATIVES THAT REDUCE FOODBOURNE ILLNESSES
-
$25,000
PROMOTION OF FAMILY MEALS PROGRAM
-
SUPPORT OF IFPTI'S FELLOWSHIP IN FOOD PROTECTION PROGRAM
-
$20,000
INITIATIVE TO SUPPORT RACIAL JUSTICE, INCLUSION AND DIVERSITY IN THE FOOD SYSTEM
-
UNITED EGG PRODUCERS INC
$20,000
SUPPORT EGG INDUSTRY WITH CHALLENGES ASSOCIATED WITH CAGE FREE TRANSITION
-
$15,000
RESEARCH ON US CONSUMER BELIEFS, KNOWLEDGE, UNDERSTANDING AND WILLINGNESS TO PAY FOR GENE-EDITED FOODS
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.
-
501(C)(6) · MEMBERSHIP ORGANIZATION · DC
-
FOODPAC
527 · POLITICAL ACTION · DC
Directly controlled by FOOD MARKETPLACE INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302919349300215
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