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.
-
Consumer Brands Association (CBA)
501(c)(6) · Represents world's leading packaged goods companies · VA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510289349300426
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