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← INSTITUTE OF FOOD TECHOLOGISTS INC

Form 990 for tax year 2024

Filed by INSTITUTE OF FOOD TECHOLOGISTS INC.

Totals

Total revenue
$28,265,583
Total expenses
$28,766,173
Contributions and grants received
$111,502
Grants paid
$1,396,178
Program service revenue
$24,030,832
Investment income
$2,725,224
Other revenue
$1,398,025
Total assets, end of year
$59,376,865
Total liabilities, end of year
$14,021,866
Net assets or fund balances, end of year
$45,354,999
Program services expenses (Part IX)
$24,479,699
Management and general expenses
$4,286,474
Fundraising expenses
$0
Program service expenses (Part III)
$24,479,699

Program services were 85.1% 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.

  • 1f · All other contributions, gifts and grants

    $111,502

  • 2a · Program service revenue: ANNUAL MEETING & FOOD EXPO

    total $18,449,475 · related or exempt $18,389,275 · unrelated business $60,200

  • 2b · Program service revenue: MEMBER DUES

    total $1,753,945 · related or exempt $1,753,945

  • 2c · Program service revenue: GLOBAL FOOD SYSTEMS CHALLENGE

    total $1,350,935 · related or exempt $1,350,935

  • 2d · Program service revenue: GLOBAL FOOD TRACEABILITY CENTER

    total $1,110,184 · related or exempt $1,110,184

  • 2e · Program service revenue: ADVERTISING

    total $945,929 · unrelated business $945,929

  • 2f · All other program service revenue

    total $420,364 · related or exempt $376,714 · unrelated business $43,650

  • 3 · Investment income

    total $1,262,280 · excluded $1,262,280

  • 5 · Royalties

    total $1,398,025 · excluded $1,398,025

  • 7a · Gross sales of assets other than inventory

    securities $23,711,232

  • 7b · Less cost or other basis and sales expenses

    securities $22,248,288

  • 7c · Gain or loss

    securities $1,462,944

  • 7d · Net gain or loss

    total $1,462,944 · excluded $1,462,944

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $490,650 · program services $490,650

  • 2 · Grants to domestic individuals

    total $109,133 · program services $109,133

  • 3 · Grants to foreign organizations and individuals

    total $796,395 · program services $796,395

  • 5 · Compensation of officers, directors and key employees

    total $2,209,407 · program services $1,723,338 · management and general $486,069

  • 7 · Other salaries and wages

    total $8,288,576 · program services $6,423,627 · management and general $1,864,949

  • 8 · Pension plan contributions

    total $555,041 · program services $430,018 · management and general $125,023

  • 9 · Other employee benefits

    total $1,055,766 · program services $818,985 · management and general $236,781

  • 10 · Payroll taxes

    total $697,602 · program services $541,313 · management and general $156,289

  • 11b · Fees: legal

    total $112,994 · program services $88,858 · management and general $24,136

  • 11c · Fees: accounting

    total $82,924 · program services $27,800 · management and general $55,124

  • 11d · Fees: lobbying

    total $70,997 · program services $70,997

  • 11f · Fees: investment management

    total $162,499 · management and general $162,499

  • 11g · Fees: other

    total $3,357,624 · program services $3,039,435 · management and general $318,189

  • 12 · Advertising and promotion

    total $451,260 · program services $451,260

  • 13 · Office expenses

    total $410,853 · program services $234,654 · management and general $176,199

  • 14 · Information technology

    total $1,102,668 · program services $798,737 · management and general $303,931

  • 16 · Occupancy

    total $1,179,156 · management and general $1,179,156

  • 17 · Travel

    total $791,447 · program services $784,348 · management and general $7,099

  • 19 · Conferences, conventions and meetings

    total $4,803,567 · program services $4,771,922 · management and general $31,645

  • 20 · Interest

    total $3,067 · management and general $3,067

  • 22 · Depreciation, depletion and amortization

    total $468,830 · program services $207,778 · management and general $261,052

  • 23 · Insurance

    total $205,372 · program services $116,601 · management and general $88,771

  • 24a · Other expenses: LICENSE FEES

    total $416,803 · program services $273,571 · management and general $143,232

  • 24b · Other expenses: PRINTING

    total $207,106 · program services $207,106

  • 24c · Other expenses: CASUAL LABOR

    total $133,444 · program services $133,444

  • 24d · Other expenses: OVERHEAD ALLOCATION

    total $0 · program services $1,414,182 · management and general -$1,414,182

  • 24e · All other expenses

    total $602,992 · program services $525,547 · management and general $77,445

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,432,210 · end of year $4,132,399

  • 4 · Accounts receivable

    beginning of year $1,056,970 · end of year $930,490

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,136,019 · end of year $999,165

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

    $5,697,151

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

    $2,501,691

  • 10c · Land, buildings and equipment, net

    beginning of year $961,926 · end of year $3,195,460

  • 11 · Investments: publicly traded securities

    beginning of year $45,836,526 · end of year $47,667,905

  • 15 · Other assets

    beginning of year $1,954,605 · end of year $2,451,446

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,097,404 · end of year $5,439,608

  • 19 · Deferred revenue

    beginning of year $6,281,703 · end of year $6,129,532

  • 25 · Other liabilities

    beginning of year $2,077,508 · end of year $2,452,726

  • 27 · Net assets without donor restrictions

    beginning of year $35,663,168 · end of year $36,629,139

  • 28 · Net assets with donor restrictions

    beginning of year $8,258,473 · end of year $8,725,860

Mission and programs · 2024

Mission

AS AN ORGANIZATION, THE INSTITUTE OF FOOD TECHNOLOGISTS IS FOCUSING ITS WORK IN FOUR MAIN AREAS, OR "ROLES AND GOALS." EACH IS WIDE-REACHING AND HELPS TO ADVANCE OUR MISSION.STEWARD FOR THE PROFESSION AND ITS COMMUNITY - PROVIDE LEARNING, NETWORKING AND LEADERSHIP DEVELOPMENT EXPERIENCES THAT ENABLE FOOD SCIENCE AND TECHNOLOGY PROFESSIONALS TO BECOME LEADERS IN THE GLOBAL FOOD SCIENCE COMMUNITY.RESEARCH CHAMPION AND INNOVATION CATALYST - CHAMPION EMERGING SCIENCES AND FOSTER TECHNOLOGY DEVELOPMENT, APPLICATION AND TRANSFER TO INCREASE FUNDING FOR FOOD-RELATED RESEARCH AND TO SUPPORT INNOVATION IN FOOD SCIENCE.INFLUENTIAL ADVOCATE AND TRUSTED SPOKESORGANIZATION - ENGAGE IN ADVOCACY AND COMMUNICATION EFFORTS THAT ENHANCE RECOGNITION OF THE PROFESSION AND RESULT IN INCREASED UNDERSTANDING AND APPLICATION OF THE SCIENCE OF FOOD.GLOBAL CITIZEN AND PARTNER - PROACTIVELY CONTRIBUTE TO, AND BE A PARTNER FOR, THE GLOBAL ADVANCEMENT AND APPLICATION OF THE SCIENCE OF FOOD.

Activities or mission (Part I)

THE INSTITUTE OF FOOD TECHNOLOGISTS EXISTS TO ADVANCE THE SCIENCE OF FOOD. OUR LONG-RANGE VISION IS TO ENSURE A SAFE AND ABUNDANT FOOD SUPPLY CONTRIBUTING TO HEALTHIER PEOPLE EVERYWHERE. THE INSTITUTE OF FOOD TECHNOLOGISTS STRIVES TO PROVIDE AN INCLUSIVE AND WELCOMING COMMUNITY FOR ALL FOOD SCIENCE AND TECHNOLOGY PROFESSIONALS AND THE KNOWLEDGE AND TOOLS THEY NEED TO ENHANCE THEIR PROFESSIONAL COMPETENCY.

  • ANNUAL MEETING AND FOOD EXPO:THE INSTITUTE'S ANNUAL MEETING AND FOOD EXPO BRINGS MEMBERS AND NONMEMBERS, APPROXIMATELY 18,000 TO 20,000 INDIVIDUALS ON AN ANNUAL BASIS, TOGETHER FOR THREE DAYS OF TECHNICAL SESSIONS, SYMPOSIA AND FORUMS DESIGNED TO UPDATE THEIR AWARENESS IN ALL AREAS OF FOOD TECHNOLOGY. MORE THAN 1,800 PAPERS AND PRESENTATIONS ARE AVAILABLE WHILE EXHIBITORS NUMBER APPROXIMATELY 900.

    Expenses $7,541,440 · Revenue $18,389,275

  • PUBLICATIONS AND COMMUNICATIONS:FOOD TECHNOLOGY IS THE LEADING PUBLICATION ADDRESSING ALL FACETS OF FOOD SCIENCE AND TECHNOLOGY. ITS IN-DEPTH AND BALANCE COVERAGE INCLUDES THE LATEST RESEARCH DEVELOPMENTS, INDUSTRY NEWS, CONSUMER PRODUCT INNOVATIONS, AND PROFESSIONAL OPPORTUNITIES.SINCE 1936, THE JOURNAL OF FOOD SCIENCE HAS BEEN THE INSTITUTE OF FOOD TECHNOLOGISTS' PREMIER SCIENCE JOURNAL, CONTAINING PEER-REVIEWED REPORTS OR ORIGINAL RESEARCH AND CRITICAL REVIEWS OF ALL ASPECTS OF FOOD SCIENCE. TODAY IT PUBLISHES MORE THAN 500 PAPERS A YEAR - OVER 3,000 PAGES OF ORIGINAL RESEARCH AND SCIENTIFIC REVIEWS.

    Expenses $6,015,034 · Revenue $212,165

  • MEMBERSHIP EXPERIENCES:THE INSTITUTE'S SERVICES ASSOCIATED WITH HELPING MEMBERS BECOME PART OF A VIBRANT COMMUNITY THAT IS SHAPING THE FOOD SCIENCE AND TECHNOLOGY PROFESSION.

    Expenses $2,216,055 · Revenue $1,753,945

  • OTHER PROGRAM SERVICES INCLUDE KNOWLEDGE AND LEARNING EXPERIENCES, SCIENCE TECHNOLOGY, SCIENCE AND POLICY INITIATIVES, THE GLOBAL FOOD TRACEABILITY CENTER, AND SUPPORT OF THE FEEDING TOMORROW FUND.

    Expenses $8,707,170 · Grants $1,396,178 · Revenue $2,625,668

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

Listed in Part VII

  • CHRIS DAUBERT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • PEGGY POOLE

    PRESIDENT - ELECT

    Total calculated
    $0
    Hours/week
    2

  • SEAN LEIGHTON

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • NOEL ANDERSON

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • LUUVAN HOANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEPHANIE JUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JULIE MANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOE LIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • VIRAL SHUKLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • NANCY MORIARITY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAIME REEVES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JEFF VARCOE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JANA SCHREUDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GIRISH GANJYAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARTHA MONTOYA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DARRYL RILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MOHAMED BADAOUI NAJJAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SUZANNE JOHANNINGSMEIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMIE VALENTI-JORDAN

    DIRECTOR (THRU MAY 2025)

    Total calculated
    $0
    Hours/week
    2

  • CHRISTIE TARANTINO-DEAN

    CEO, TRUSTEE

    Total calculated
    $956,812
    From this org
    $904,155
    From related orgs
    $0
    Other
    $52,657
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $662,094
    Bonus
    $227,568
    Other
    $14,493
    Deferred
    $30,500
    Nontaxable benefits
    $22,157
    Filer's total
    $956,812

  • MARK BARENIE

    SR. VP & CFO (THRU AUG 2025)

    Total calculated
    $554,468
    From this org
    $479,013
    From related orgs
    $0
    Other
    $75,455
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $381,728
    Bonus
    $93,721
    Other
    $3,564
    Deferred
    $53,500
    Nontaxable benefits
    $21,955
    Filer's total
    $554,468

  • BRYAN HITCHCOCK

    CHIEF SCIENCE & TECH OFFICER

    Total calculated
    $360,187
    From this org
    $301,648
    From related orgs
    $0
    Other
    $58,539
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $268,232
    Bonus
    $32,786
    Other
    $630
    Deferred
    $46,000
    Nontaxable benefits
    $12,539
    Filer's total
    $360,187

  • TAMARA STACEY

    COO (AS OF AUG 2024)

    Total calculated
    $109,221
    From this org
    $102,808
    From related orgs
    $0
    Other
    $6,413
    Hours/week
    45

  • TERRENCE MERKLEY

    VP INFORMATION TECHNOLOGY

    Total calculated
    $323,887
    From this org
    $281,250
    From related orgs
    $0
    Other
    $42,637
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $245,916
    Bonus
    $30,000
    Other
    $5,334
    Deferred
    $30,500
    Nontaxable benefits
    $12,137
    Filer's total
    $323,887

  • KATHERINE DOCKINS

    SR. VP, MEMBERSHIP

    Total calculated
    $331,087
    From this org
    $281,518
    From related orgs
    $0
    Other
    $49,569
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $250,376
    Bonus
    $30,512
    Other
    $630
    Deferred
    $23,000
    Nontaxable benefits
    $26,569
    Filer's total
    $331,087

  • WILLIAM MCDOWELL

    EDITOR-IN-CHIEF

    Total calculated
    $319,778
    From this org
    $261,871
    From related orgs
    $0
    Other
    $57,907
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $227,565
    Bonus
    $32,500
    Other
    $1,806
    Deferred
    $30,500
    Nontaxable benefits
    $27,407
    Filer's total
    $319,778

  • ANNA LEIGH ROSALES

    SR. DIRECTOR OF GOV AFFAIR

    Total calculated
    $265,834
    From this org
    $240,840
    From related orgs
    $0
    Other
    $24,994
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $200,961
    Bonus
    $39,501
    Other
    $378
    Deferred
    $23,000
    Nontaxable benefits
    $1,994
    Filer's total
    $265,834

  • MELODIE ANDERSON

    DIRECTOR OF OPERATIONS

    Total calculated
    $226,596
    From this org
    $203,203
    From related orgs
    $0
    Other
    $23,393
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $186,731
    Bonus
    $15,541
    Other
    $931
    Deferred
    $3,722
    Nontaxable benefits
    $19,671
    Filer's total
    $226,596

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2024
Filed
7 July 2026
IRS schema version
2024v5.5
Source object
202631899349300233

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