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← INSTITUTE FOR AGRICULTURE AND TRADE POLICY

Form 990 for tax year 2024

Filed by INSTITUTE FOR AGRICULTURE AND TRADE POLICY.

Totals

Total revenue
$3,710,375
Total expenses
$2,118,885
Contributions and grants received
$3,687,878
Grants paid
$20,550
Program service revenue
$7,254
Investment income
$18,452
Other revenue
-$3,209
Total assets, end of year
$4,193,045
Total liabilities, end of year
$399,248
Net assets or fund balances, end of year
$3,793,797
Program services expenses (Part IX)
$1,533,779
Management and general expenses
$382,811
Fundraising expenses
$202,295
Program service expenses (Part III)
$1,533,779

Program services were 72.4% 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.

  • 1e · Government grants (contributions)

    $104,215

  • 1f · All other contributions, gifts and grants

    $3,583,663

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $4,500 · related or exempt $4,500

  • 2b · Program service revenue: HONORARIA

    total $2,754 · related or exempt $2,754

  • 3 · Investment income

    total $18,452 · excluded $18,452

  • 11a · Other revenue: UNEMPLOYMENT TRUST INC

    total $8,186 · excluded $8,186

  • 11b · Other revenue: MISCELLANEOUS

    total $2,501 · excluded $2,501

  • 11c · Other revenue: GAIN (LOSS) ON CURRENC

    total -$13,896 · excluded -$13,896

  • 11e · Other revenue, total

    -$3,209

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,550 · program services $20,550

  • 5 · Compensation of officers, directors and key employees

    total $278,298 · program services $85,230 · management and general $124,884 · fundraising $68,184

  • 7 · Other salaries and wages

    total $1,035,068 · program services $902,904 · management and general $51,666 · fundraising $80,498

  • 8 · Pension plan contributions

    total $16,203 · program services $14,597 · management and general $419 · fundraising $1,187

  • 9 · Other employee benefits

    total $74,307 · program services $70,462 · management and general $3,845

  • 10 · Payroll taxes

    total $118,762 · program services $90,788 · management and general $15,296 · fundraising $12,678

  • 11a · Fees: management

    total $5,077 · management and general $5,077

  • 11b · Fees: legal

    total $525 · management and general $525

  • 11c · Fees: accounting

    total $93,122 · management and general $93,122

  • 11g · Fees: other

    total $233,581 · program services $170,494 · management and general $42,537 · fundraising $20,550

  • 13 · Office expenses

    total $11,951 · program services $8,160 · management and general $996 · fundraising $2,795

  • 14 · Information technology

    total $20,664 · program services $14,905 · management and general $1,375 · fundraising $4,384

  • 16 · Occupancy

    total $66,004 · program services $56,192 · management and general $5,603 · fundraising $4,209

  • 17 · Travel

    total $56,392 · program services $35,049 · management and general $20,333 · fundraising $1,010

  • 19 · Conferences, conventions and meetings

    total $9,825 · program services $5,246 · management and general $3,921 · fundraising $658

  • 22 · Depreciation, depletion and amortization

    total $38,604 · program services $29,357 · management and general $5,280 · fundraising $3,967

  • 23 · Insurance

    total $39,952 · program services $29,845 · management and general $7,932 · fundraising $2,175

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $404,872 · end of year $540,677

  • 3 · Pledges and grants receivable

    beginning of year $396,128 · end of year $1,506,720

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,543 · end of year $42,282

  • 10a · Land, buildings and equipment: cost or other basis

    $273,441

  • 10b · Land, buildings and equipment: accumulated depreciation

    $121,196

  • 10c · Land, buildings and equipment, net

    beginning of year $168,038 · end of year $152,245

  • 11 · Investments: publicly traded securities

    beginning of year $1,252,917 · end of year $1,755,703

  • 15 · Other assets

    beginning of year $216,859 · end of year $195,418

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,179 · end of year $132,131

  • 21 · Escrow or custodial account liability

    beginning of year $56,444 · end of year $61,406

  • 25 · Other liabilities

    beginning of year $246,946 · end of year $205,711

  • 27 · Net assets without donor restrictions

    beginning of year $1,270,150 · end of year $1,438,304

  • 28 · Net assets with donor restrictions

    beginning of year $827,638 · end of year $2,355,493

Mission and programs · 2024

Mission

IATP WORKS LOCALLY AND GLOBALLY AT THE INTERSECTION OF POLICY AND PRACTICE TO ENSURE FAIR AND SUSTAINABLE FOOD, FARM AND TRADE SYSTEMS.

  • IATP IS A POLICY AND ADVOCACY ORGANIZATION THAT WORKS AT THE INTERSECTION OF FOOD AND ECONOMIC SYSTEMS. OUR PROGRAMMATIC WORK IS ORGANIZED IN INTERCONNECTED CORE AREAS ACCORDING TO CONTENT, RELATIONSHIPS WITH PARTNERS AND THE ASSOCIATED POLICY DECISION-MAKERS. THE AREAS ARE AGRICULTURE & FOOD SYSTEMS, CLIMATE SOLUTIONS, AND TRADE & GOVERNANCE. IN 2024, IATP CONTINUED TO ADVANCE OUR MISSION WHILE NAVIGATING CHANGING ECONOMIC CONDITIONS AND GLOBAL DEVELOPMENTS.

    Expenses $1,533,779 · Grants $20,550 · Revenue $7,254

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Constance Carlson

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marie Clark

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Herschelle Milford

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sagari Ramdas

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rose Williams

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pat Mooney

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nick Levendofsky

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jay Strohmaier

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Goldman

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brandon Wu

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sophia Murphy

    EXECUTIVE DIRECTOR

    Total calculated
    $170,459
    From this org
    $125,951
    From related orgs
    $0
    Other
    $44,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,951
    Bonus
    $0
    Other
    $0
    Deferred
    $2,579
    Nontaxable benefits
    $41,929
    Filer's total
    $170,459

  • Vanessa Ocasio

    DIRECTOR OF FINANCE & OPER

    Total calculated
    $107,838
    From this org
    $98,472
    From related orgs
    $0
    Other
    $9,366
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

  • IATPACTION

    501(C)(4) · LOBBYING · MN

    Directly controlled by IATP

Provenance

Return type
form_990
Tax year
2024
Filed
5 June 2025
IRS schema version
2024v5.1
Source object
202511759349300136

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