Form 990 for tax year 2023
Filed by INSTITUTE OF FOOD TECHOLOGISTS INC.
Totals
- Total revenue
- $27,333,151
- Total expenses
- $28,482,556
- Contributions and grants received
- $620,174
- Grants paid
- $1,399,906
- Program service revenue
- $24,740,385
- Investment income
- $925,429
- Other revenue
- $1,047,163
- Total assets, end of year
- $58,378,256
- Total liabilities, end of year
- $14,456,615
- Net assets or fund balances, end of year
- $43,921,641
- Program services expenses (Part IX)
- $23,578,580
- Management and general expenses
- $4,903,976
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $23,578,580
Program services were 82.8% 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)
$474,484
-
1f · All other contributions, gifts and grants
$145,690
-
2a · Program service revenue: ANNUAL MEETING & FOOD EXPO
total $19,031,873 · related or exempt $18,971,873 · unrelated business $60,000
-
2b · Program service revenue: MEMBER DUES
total $1,816,561 · related or exempt $1,816,561
-
2c · Program service revenue: GLOBAL FOOD SYSTEMS CHALLENGE
total $1,296,725 · related or exempt $1,296,725
-
2d · Program service revenue: ADVERTISING
total $1,050,957 · unrelated business $1,050,957
-
2e · Program service revenue: GLOBAL FOOD TRACEABILITY CENTER
total $974,773 · related or exempt $974,773
-
2f · All other program service revenue
total $569,496 · related or exempt $569,496
-
3 · Investment income
total $1,114,944 · excluded $1,114,944
-
5 · Royalties
total $962,024 · excluded $962,024
-
7a · Gross sales of assets other than inventory
securities $15,112,574
-
7b · Less cost or other basis and sales expenses
securities $15,302,089
-
7c · Gain or loss
securities -$189,515
-
7d · Net gain or loss
total -$189,515 · excluded -$189,515
-
11a · Other revenue: OTHER
total $85,139 · excluded $85,139
-
11e · Other revenue, total
$85,139
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $250,500 · program services $250,500
-
2 · Grants to domestic individuals
total $122,042 · program services $122,042
-
3 · Grants to foreign organizations and individuals
total $1,027,364 · program services $1,027,364
-
5 · Compensation of officers, directors and key employees
total $1,814,493 · program services $1,215,710 · management and general $598,783
-
7 · Other salaries and wages
total $8,662,975 · program services $6,709,049 · management and general $1,953,926
-
8 · Pension plan contributions
total $664,876 · program services $470,576 · management and general $194,300
-
9 · Other employee benefits
total $1,086,194 · program services $763,617 · management and general $322,577
-
10 · Payroll taxes
total $698,169 · program services $489,680 · management and general $208,489
-
11b · Fees: legal
total $97,598 · program services $85,423 · management and general $12,175
-
11c · Fees: accounting
total $87,765 · program services $10,500 · management and general $77,265
-
11d · Fees: lobbying
total $58,083 · program services $58,083
-
11g · Fees: other
total $2,940,444 · program services $2,505,408 · management and general $435,036
-
12 · Advertising and promotion
total $409,412 · program services $409,412
-
13 · Office expenses
total $397,353 · program services $231,778 · management and general $165,575
-
14 · Information technology
total $863,727 · program services $456,058 · management and general $407,669
-
16 · Occupancy
total $1,444,109 · management and general $1,444,109
-
17 · Travel
total $620,542 · program services $612,321 · management and general $8,221
-
19 · Conferences, conventions and meetings
total $5,165,206 · program services $5,111,891 · management and general $53,315
-
20 · Interest
total $12,200 · management and general $12,200
-
22 · Depreciation, depletion and amortization
total $101,019 · management and general $101,019
-
23 · Insurance
total $267,384 · program services $203,265 · management and general $64,119
-
24a · Other expenses: LICENSE FEES
total $417,730 · program services $254,828 · management and general $162,902
-
24b · Other expenses: CASUAL LABOR
total $251,953 · program services $251,925 · management and general $28
-
24c · Other expenses: PRINTING
total $102,541 · program services $102,541
-
24d · Other expenses: OVERHEAD ALLOCATION
total $0 · program services $1,673,015 · management and general -$1,673,015
-
24e · All other expenses
total $918,877 · program services $563,594 · management and general $355,283
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,554,184 · end of year $7,432,210
-
4 · Accounts receivable
beginning of year $859,919 · end of year $1,056,970
-
9 · Prepaid expenses and deferred charges
beginning of year $825,167 · end of year $1,136,019
-
10a · Land, buildings and equipment: cost or other basis
$5,389,887
-
10b · Land, buildings and equipment: accumulated depreciation
$4,427,961
-
10c · Land, buildings and equipment, net
beginning of year $332,641 · end of year $961,926
-
11 · Investments: publicly traded securities
beginning of year $39,848,611 · end of year $45,836,526
-
15 · Other assets
beginning of year $1,397,048 · end of year $1,954,605
-
17 · Accounts payable and accrued expenses
beginning of year $4,290,953 · end of year $6,097,404
-
19 · Deferred revenue
beginning of year $5,191,299 · end of year $6,281,703
-
25 · Other liabilities
beginning of year $1,712,564 · end of year $2,077,508
-
27 · Net assets without donor restrictions
beginning of year $32,061,205 · end of year $35,663,168
-
28 · Net assets with donor restrictions
beginning of year $7,561,549 · end of year $8,258,473
Mission and programs · 2023
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 $8,222,700 · Revenue $18,971,873
-
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 $4,724,629 · Revenue $214,033
-
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 $2,311,098 · Revenue $1,816,561
-
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 $8,320,153 · Grants $1,399,906 · Revenue $2,626,961
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Chris DownsCHRIS DOWNS
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Noel AndersonNOEL ANDERSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
William BarrierWILLIAM BARRIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nicolas BordenaveNICOLAS BORDENAVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris DaubertCHRIS DAUBERT
PRESIDENT - ELECT
- Total calculated
- $0
- Hours/week
- 2
-
Sean LeightonSEAN LEIGHTON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Peggy PoolePEGGY POOLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gunnar SiggeGUNNAR SIGGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Luuvan HoangLUUVAN HOANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie JungSTEPHANIE JUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joseph LightJOSEPH LIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Julie MannJULIE MANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Viral ShuklaVIRAL SHUKLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nancy MoriarityNANCY MORIARITY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jaime ReevesJAIME REEVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cameron WicksCAMERON WICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jamie Valenti-JordanJAMIE VALENTI-JORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey VarcoJEFFREY VARCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Martha MontoyaMARTHA MONTOYA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Christie Tarantino-DeanCHRISTIE TARANTINO-DEAN
CEO, TRUSTEE
- Total calculated
- $920,090
- From this org
- $865,600
- From related orgs
- $0
- Other
- $54,490
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $630,266
- Bonus
- $216,906
- Other
- $18,428
- Deferred
- $32,333
- Nontaxable benefits
- $22,157
- Filer's total
- $920,090
-
Mark BarenieMARK BARENIE
SR. VP & CFO
- Total calculated
- $502,090
- From this org
- $423,166
- From related orgs
- $0
- Other
- $78,924
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $364,123
- Bonus
- $55,479
- Other
- $3,564
- Deferred
- $56,767
- Nontaxable benefits
- $22,157
- Filer's total
- $502,090
-
Bryan HitchcockBRYAN HITCHCOCK
CHIEF SCIENCE & TECH OFFICER
- Total calculated
- $354,151
- From this org
- $295,375
- From related orgs
- $0
- Other
- $58,776
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $256,795
- Bonus
- $37,950
- Other
- $630
- Deferred
- $46,244
- Nontaxable benefits
- $12,532
- Filer's total
- $354,151
-
Terrence MerkleyTERRENCE MERKLEY
VP INFORMATION TECHNOLOGY
- Total calculated
- $311,601
- From this org
- $268,711
- From related orgs
- $0
- Other
- $42,890
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $235,490
- Bonus
- $27,887
- Other
- $5,334
- Deferred
- $30,806
- Nontaxable benefits
- $12,084
- Filer's total
- $311,601
-
Katherine DockinsKATHERINE DOCKINS
SR. VP, MEMBERSHIP
- Total calculated
- $302,608
- From this org
- $253,233
- From related orgs
- $0
- Other
- $49,375
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $240,706
- Bonus
- $11,897
- Other
- $630
- Deferred
- $22,833
- Nontaxable benefits
- $26,542
- Filer's total
- $302,608
-
William McDowellWILLIAM MCDOWELL
EDITOR-IN-CHIEF
- Total calculated
- $309,700
- From this org
- $251,266
- From related orgs
- $0
- Other
- $58,434
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $217,360
- Bonus
- $32,100
- Other
- $1,806
- Deferred
- $31,052
- Nontaxable benefits
- $27,382
- Filer's total
- $309,700
-
Mandy Zaransky-HurstMANDY ZARANSKY-HURST
SR. VP OF MARKETING
- Total calculated
- $273,044
- From this org
- $243,015
- From related orgs
- $0
- Other
- $30,029
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $242,385
- Bonus
- $0
- Other
- $630
- Deferred
- $10,068
- Nontaxable benefits
- $19,961
- Filer's total
- $273,044
-
Anna Leigh RosalesANNA LEIGH ROSALES
SR. DIRECTOR OF GOV AFFAIRS
- Total calculated
- $245,715
- From this org
- $220,557
- From related orgs
- $0
- Other
- $25,158
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $191,835
- Bonus
- $28,350
- Other
- $372
- Deferred
- $23,207
- Nontaxable benefits
- $1,951
- Filer's total
- $245,715
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
-
UNIVERSITY OF CALIFORNIA-DAVIS
$28,000
SCHOLARSHIPS
-
$25,000
GLOBAL FOOD SYSTEMS CHALLENGE
-
$25,000
GLOBAL FOOD SYSTEMS CHALLENGE
-
$25,000
GLOBAL FOOD SYSTEMS CHALLENGE
-
NORTH CAROLINA STATE UNIVERSITY
$17,000
SCHOLARSHIPS
-
THE UNIVERSITY OF TENNESSEE-KNOXVILLE
$6,000
SCHOLARSHIPS
-
SCHOLARSHIPS
-
SCHOLARSHIPS
-
SCHOLARSHIPS
-
$5,500
SCHOLARSHIPS
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 June 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501789349301505
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.