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Nonprofiteer
← CIFT

Form 990 for tax year 2023

Filed by CIFT.

Totals

Total revenue
$3,189,881
Total expenses
$3,145,269
Contributions and grants received
$2,434,083
Grants paid
$0
Program service revenue
$695,370
Investment income
$49,590
Other revenue
$10,838
Total assets, end of year
$2,832,454
Total liabilities, end of year
$507,486
Net assets or fund balances, end of year
$2,324,968
Program services expenses (Part IX)
$2,814,686
Management and general expenses
$330,583
Fundraising expenses
$0
Program service expenses (Part III)
$2,814,686

Program services were 89.5% 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.

  • 1b · Membership dues

    $13,218

  • 1e · Government grants (contributions)

    $2,201,552

  • 1f · All other contributions, gifts and grants

    $219,313

  • 1g · Noncash contributions included above

    $9,839

  • 2a · Program service revenue: CONSULTING/SEMINARS

    total $638,834 · related or exempt $638,834

  • 2b · Program service revenue: KITCHEN USEAGE

    total $50,341 · related or exempt $50,341

  • 2c · Program service revenue: TRAINING

    total $6,195 · related or exempt $6,195

  • 3 · Investment income

    total $49,590 · excluded $49,590

  • 11a · Other revenue: OTHER INCOME

    total $10,838 · excluded $10,838

  • 11e · Other revenue, total

    $10,838

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $676,321 · program services $521,056 · management and general $155,265

  • 7 · Other salaries and wages

    total $797,325 · program services $773,210 · management and general $24,115

  • 9 · Other employee benefits

    total $90,982 · program services $74,686 · management and general $16,296

  • 10 · Payroll taxes

    total $97,606 · program services $84,866 · management and general $12,740

  • 11b · Fees: legal

    total $11,607 · program services $245 · management and general $11,362

  • 11c · Fees: accounting

    total $26,558 · management and general $26,558

  • 12 · Advertising and promotion

    total $31,530 · program services $31,296 · management and general $234

  • 16 · Occupancy

    total $181,768 · program services $162,863 · management and general $18,905

  • 17 · Travel

    total $46,200 · program services $45,273 · management and general $927

  • 19 · Conferences, conventions and meetings

    total $46,870 · program services $46,097 · management and general $773

  • 20 · Interest

    total $473 · management and general $473

  • 22 · Depreciation, depletion and amortization

    total $36,291 · program services $31,951 · management and general $4,340

  • 23 · Insurance

    total $15,178 · management and general $15,178

  • 24a · Other expenses: SUBCONTRACTS

    total $821,399 · program services $795,621 · management and general $25,778

  • 24b · Other expenses: INTERNSHIP PROGRAM

    total $70,464 · program services $70,464

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $47,693 · program services $44,969 · management and general $2,724

  • 24d · Other expenses: EQUIPMENT/RENTAL

    total $47,562 · program services $47,207 · management and general $355

  • 24e · All other expenses

    total $99,442 · program services $84,882 · management and general $14,560

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $335,384 · end of year $437,231

  • 2 · Savings and temporary cash investments

    beginning of year $975,566 · end of year $384,711

  • 3 · Pledges and grants receivable

    beginning of year $527,311 · end of year $321,280

  • 4 · Accounts receivable

    beginning of year $149,964 · end of year $98,741

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,968 · end of year $149,819

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

    $395,409

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

    $153,236

  • 10c · Land, buildings and equipment, net

    beginning of year $212,180 · end of year $242,173

  • 12 · Investments: other securities

    beginning of year $325,722 · end of year $978,800

  • 15 · Other assets

    beginning of year $230,004 · end of year $219,699

  • 17 · Accounts payable and accrued expenses

    beginning of year $177,652 · end of year $158,451

  • 19 · Deferred revenue

    beginning of year $114,603 · end of year $139,621

  • 25 · Other liabilities

    beginning of year $240,488 · end of year $209,414

  • 27 · Net assets without donor restrictions

    beginning of year $2,280,356 · end of year $2,324,968

Mission and programs · 2023

Mission

DEVELOP AND PROVIDE TECHNICAL SOLUTIONS FOR FOOD PROCESSING, AGRIBUSINESS AND REGIONAL MANUFACTURERS.

Activities or mission (Part I)

DEVELOP AND PROVIDE TECHNICAL INNOVATIVES AND SOLUTIONS FOR FOOD PROCESSING, AGRIBUSINESS AND REGIONAL MANUFACTURERS.

  • OUR SERVICES ARE DESIGNED TO ENHANCE THE ECONOMIC PERFORMANCE OF OUR CLIENTS THROUGH DEMONSTRATIONS OF TECHNOLOGIES AND NOVEL BUSINESS APPROACHES, HELPING COMPANIES BE ABLE TO IMPROVE THEIR COMPETITIVE POSITION.

    Expenses $2,814,686 · Grants $2,201,552 · Revenue $695,370

As filed on the 2023 return.

Listed in Part VII

  • Brian Chisholm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Dockins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bob Grote

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • William Hirzel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carl Knueven

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Colleen May

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian Hofmeier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Sandridge

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Adam Sharp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dale Siebeneck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Keith Marcinowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Singer

    PRESIDENT & CEO

    Total calculated
    $209,219
    From this org
    $197,320
    From related orgs
    $0
    Other
    $11,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,740
    Bonus
    $22,260
    Other
    $320
    Deferred
    $5,973
    Nontaxable benefits
    $5,926
    Filer's total
    $209,219

  • Kathy Hermiller

    SEC & TREAS

    Total calculated
    $118,461
    From this org
    $112,324
    From related orgs
    $0
    Other
    $6,137
    Hours/week
    36

  • Troy Wildermuth

    DIR OF MFG

    Total calculated
    $132,628
    From this org
    $111,607
    From related orgs
    $0
    Other
    $21,021
    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 · 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.

Provenance

Return type
form_990
Tax year
2023
Filed
29 January 2025
IRS schema version
2023v6.0
Source object
202540419349300624

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