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← AMERICAN INSTITUTE OF BAKING

Form 990 for tax year 2023

Filed by AMERICAN INSTITUTE OF BAKING.

Totals

Total revenue
$1,235,961
Total expenses
$2,612,569
Contributions and grants received
$0
Grants paid
$30,000
Program service revenue
$9,098
Investment income
$258,423
Other revenue
$968,440
Total assets, end of year
$44,664,810
Total liabilities, end of year
$12,750,714
Net assets or fund balances, end of year
$31,914,096
Program services expenses (Part IX)
$213,938
Management and general expenses
$2,398,631
Fundraising expenses
$0
Program service expenses (Part III)
$213,938

Program services were 8.2% 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: FOOD SAFETY SERVICES AND APPLICAT

    total $9,098 · related or exempt $9,098

  • 3 · Investment income

    total $363,024 · excluded $363,024

  • 7a · Gross sales of assets other than inventory

    securities $2,573,646 · other assets $6,010

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

    securities $2,677,586 · other assets $6,671

  • 7c · Gain or loss

    securities -$103,940 · other assets -$661

  • 7d · Net gain or loss

    total -$104,601 · excluded -$104,601

  • 11a · Other revenue: LEASE TO FOR-PROFIT

    total $968,367 · unrelated business $968,367

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $73 · excluded $73

  • 11e · Other revenue, total

    $968,440

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 3 · Grants to foreign organizations and individuals

    total $10,000 · program services $10,000

  • 11b · Fees: legal

    total $2,025 · management and general $2,025

  • 11c · Fees: accounting

    total $24,959 · management and general $24,959

  • 11f · Fees: investment management

    total $126,727 · management and general $126,727

  • 11g · Fees: other

    total $154,385 · program services $5,100 · management and general $149,285

  • 13 · Office expenses

    total $37,717 · management and general $37,717

  • 14 · Information technology

    total $552,718 · management and general $552,718

  • 16 · Occupancy

    total $322,194 · program services $400 · management and general $321,794

  • 19 · Conferences, conventions and meetings

    total $55,587 · management and general $55,587

  • 20 · Interest

    total $233,712 · management and general $233,712

  • 22 · Depreciation, depletion and amortization

    total $179,465 · management and general $179,465

  • 23 · Insurance

    total $301,869 · management and general $301,869

  • 24a · Other expenses: TAXES

    total $339,737 · management and general $339,737

  • 24b · Other expenses: MISCELLANEOUS

    total $187,804 · program services $155,653 · management and general $32,151

  • 24c · Other expenses: STAFF EXPENSES

    total $41,856 · program services $838 · management and general $41,018

  • 24d · Other expenses: COST OF GOODS SOLD

    total $21,947 · program services $21,947

  • 24e · All other expenses

    total -$133 · management and general -$133

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126,034 · end of year $131,771

  • 4 · Accounts receivable

    beginning of year $21,291,599 · end of year $19,939,730

  • 8 · Inventories for sale or use

    beginning of year $19,237 · end of year $15,005

  • 9 · Prepaid expenses and deferred charges

    beginning of year $232,692 · end of year $194,097

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

    $11,473,253

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

    $5,494,500

  • 10c · Land, buildings and equipment, net

    beginning of year $6,044,271 · end of year $5,978,753

  • 11 · Investments: publicly traded securities

    beginning of year $13,740,000 · end of year $15,700,633

  • 15 · Other assets

    beginning of year $2,817,926 · end of year $2,704,821

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,792,712 · end of year $3,303,576

  • 19 · Deferred revenue

    beginning of year $9,098 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $9,353,864 · end of year $8,478,957

  • 25 · Other liabilities

    beginning of year $1,081,419 · end of year $968,181

  • 27 · Net assets without donor restrictions

    beginning of year $22,272,591 · end of year $23,116,001

  • 28 · Net assets with donor restrictions

    beginning of year $8,762,075 · end of year $8,798,095

Mission and programs · 2023

Mission

AIB EMPOWERS CLIENTS WORLDWIDE TO ELEVATE THEIR FOOD SAFETY AND PRODUCTION PROCESS CAPABILITIES BY DEVELOPING AND DELIVERING APPLICATION-ORIENTED LEARNING, CONSULTING, AND VALUE-ADDED SERVICES.

Activities or mission (Part I)

EMPOWER THE GLOBAL FOOD INDUSTRY TO ELEVATE THEIR FOOD SAFETY AND GRAIN BASED PRODUCTION CAPABILITIES

  • FOOD SAFETY SERVICES AND APPLICATION SEMINARS - PRIMARY PURPOSE IS TO PROVIDE TRAINING IN VARIOUS APPLICATIONS PERTAINING TO THE BAKING AND FOOD INDUSTRY.

    Expenses $213,938 · Grants $30,000 · Revenue $9,098

  • BAKING AND FOOD TECHNICAL SERVICE - PRIMARY PURPOSE IS TO EDUCATE PEOPLE IN THE SCIENCE AND ART OF BAKING, BAKERY MANAGEMENT AND ALLIED SCIENCES THROUGH COURSES, SEMINARS AND PUBLICATIONS.

  • RESEARCH & LABORATORIES - PRIMARY PURPOSE IS TO CONDUCT BASIC RESEARCH IN CEREAL SCIENCE AND NUTRITION AND TO PROVIDE TECHNICAL ASSISTANCE TO THE FOOD INDUSTRY.

As filed on the 2023 return.

Listed in Part VII

  • Tom Ogle

    SECRETARY/TREASURER/EX OFFICIO

    Total calculated
    $331,282
    From this org
    $0
    From related orgs
    $306,481
    Other
    $24,801
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,513 related
    Bonus
    $0 + $80,916 related
    Other
    $0 + $2,052 related
    Deferred
    $0 + $24,371 related
    Nontaxable benefits
    $0 + $430 related
    Filer's total
    $0 + $331,282 related
  • Campbell Williams

    CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Thomas Benner

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Judy Abrams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Bradley T Allen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Mahirwan Bhagia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Tamera Carr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Janeth Caicedo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Marie Chan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Michael Connolly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Todd Larson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Michael Liekam

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Morgan Murphy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Pat Murphy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Arnab Sarkar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Jo Anne Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Lucy Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Daniel R Martin

    CEO/PRESIDENT/EX OFFICIO

    Total calculated
    $606,789
    From this org
    $0
    From related orgs
    $547,699
    Other
    $59,090
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $394,087 related
    Bonus
    $0 + $150,000 related
    Other
    $0 + $3,612 related
    Deferred
    $0 + $40,318 related
    Nontaxable benefits
    $0 + $18,772 related
    Filer's total
    $0 + $606,789 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
AIB USES A COMPENSATION COMMITTEE AND INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE THE COMPENSATION FOR THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR. COMPENSATION MUST ALSO GO THROUGH APPROVAL BY THE ORGANIZATION'S BOARD.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AIB INTERNATIONAL INC

    C · CONSULTING · KS · 100% owned · share of income $1,764,399 · share of assets $12,458,044 · controlled entity

    Directly controlled by AMERICAN INSTITUTE OF BAKING

  • AIB INTERNATIONAL CERTIFICATION SERVICES

    C · AUDITING · KS · 100% owned · share of income -$62,712 · share of assets $6,667,845 · controlled entity

    Directly controlled by AMERICAN INSTITUTE OF BAKING

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202423029349302222

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