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← CONSUMER BRANDS ASSOCIATION FOUNDATION INC

Form 990 for tax year 2023

Filed by CONSUMER BRANDS ASSOCIATION FOUNDATION INC.

Totals

Total revenue
$288,099
Total expenses
$208,696
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$11,500
Investment income
$28,601
Other revenue
$247,998
Total assets, end of year
$1,113,403
Total liabilities, end of year
$222,161
Net assets or fund balances, end of year
$891,242
Program services expenses (Part IX)
$142,252
Management and general expenses
$66,444
Fundraising expenses
$0
Program service expenses (Part III)
$142,252

Program services were 68.2% 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 $11,500 · related or exempt $11,500

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $28,601 · excluded $28,601

  • 5 · Royalties

    total $14,968 · excluded $14,968

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 10a · Gross sales of inventory

    $248,087

  • 10b · Cost of goods sold

    $15,057

  • 10c · Net income from sales of inventory

    total $233,030 · related or exempt $233,030

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $80,119 · program services $22,108 · management and general $58,011

  • 11a · Fees: management

    total $76,142 · program services $70,081 · management and general $6,061

  • 11b · Fees: legal

    total $1,589 · program services $938 · management and general $651

  • 11g · Fees: other

    total $5,000 · program services $4,327 · management and general $673 · fundraising $0

  • 13 · Office expenses

    total $45,751 · program services $44,703 · management and general $1,048

  • 14 · Information technology

    total $95 · program services $95

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,644 · end of year $321,870

  • 2 · Savings and temporary cash investments

    beginning of year $568,799 · end of year $596,588

  • 4 · Accounts receivable

    beginning of year $1,843 · end of year $188,833

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $21,170 · end of year $6,112

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,987 · end of year $203,530

  • 19 · Deferred revenue

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

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $811,838 · end of year $891,242

Mission and programs · 2023

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)

Catalyze the improvement of global food safety inspiring 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 $142,252 · Revenue $244,530

As filed on the 2023 return.

Listed in Part VII

  • David Chavern

    PRESIDENT & CEO

    Total calculated
    $2,076,379
    From this org
    $0
    From related orgs
    $1,390,074
    Other
    $686,305
    Hours/week
    0.5 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,240,074 related
    Bonus
    $0
    Other
    $0 + $150,000 related
    Deferred
    $0 + $668,500 related
    Nontaxable benefits
    $0 + $17,805 related
    Filer's total
    $0 + $2,076,379 related
  • Joseph Aquilina

    SECRETARY

    Total calculated
    $246,632
    From this org
    $0
    From related orgs
    $195,637
    Other
    $50,995
    Hours/week
    0.5 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,512 related
    Bonus
    $0 + $24,125 related
    Other
    $0
    Deferred
    $0 + $43,912 related
    Nontaxable benefits
    $0 + $7,083 related
    Filer's total
    $0 + $246,632 related
  • Kristen Hewlett

    TREASURER

    Total calculated
    $334,114
    From this org
    $0
    From related orgs
    $263,905
    Other
    $70,209
    Hours/week
    2 + 35.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,905 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $68,186 related
    Nontaxable benefits
    $0 + $2,023 related
    Filer's total
    $0 + $334,114 related
  • Stacy Papadopoulos

    ACTING ED

    Total calculated
    $1,172,164
    From this org
    $0
    From related orgs
    $909,648
    Other
    $262,516
    Hours/week
    3 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $556,284 related
    Bonus
    $0 + $353,364 related
    Other
    $0
    Deferred
    $0 + $243,374 related
    Nontaxable benefits
    $0 + $19,142 related
    Filer's total
    $0 + $1,172,164 related
  • Sarah Gallo

    DIRECTOR

    Total calculated
    $354,824
    From this org
    $0
    From related orgs
    $261,968
    Other
    $92,856
    Hours/week
    0.5 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,168 related
    Bonus
    $0 + $20,800 related
    Other
    $0
    Deferred
    $0 + $73,720 related
    Nontaxable benefits
    $0 + $19,136 related
    Filer's total
    $0 + $354,824 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
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.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
David Chavern: CBA provides a 457(f) Plan for its President and CEO who serves on the Board of the Foundation. The employer contribution to this plan in 2023 was $150,000.

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
2023
Filed
28 January 2025
IRS schema version
2023v6.0
Source object
202510289349300426

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