Form 990 for tax year 2024
Filed by FATS & PROTEINS RESEARCH FOUNDATION INC.
Totals
- Total revenue
- $6,022
- Total expenses
- $74,478
- Contributions and grants received
- $0
- Grants paid
- $1,000
- Program service revenue
- $5,000
- Investment income
- $1,022
- Other revenue
- $0
- Total assets, end of year
- $1,099,983
- Total liabilities, end of year
- $754,947
- Net assets or fund balances, end of year
- $345,036
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: MEMBERSHIP DUES
total $5,000 · related or exempt $5,000
-
3 · Investment income
total $1,022 · excluded $1,022
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,000
-
11a · Fees: management
total $52,554
-
11b · Fees: legal
total $839
-
11c · Fees: accounting
total $1,421
-
13 · Office expenses
total $3,000
-
14 · Information technology
total $810
-
16 · Occupancy
total $5,348
-
17 · Travel
total $581
-
19 · Conferences, conventions and meetings
total $6,338
-
23 · Insurance
total $2,026
-
24a · Other expenses: MISCELLANEOUS
total $317
-
24b · Other expenses: STORAGE FEES
total $244
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $306,086 · end of year $234,857
-
2 · Savings and temporary cash investments
beginning of year $793,743 · end of year $794,745
-
3 · Pledges and grants receivable
beginning of year $182,881 · end of year $70,381
-
17 · Accounts payable and accrued expenses
beginning of year $48,946 · end of year $28,161
-
18 · Grants payable
beginning of year $820,272 · end of year $726,786
-
27 · Net assets without donor restrictions
beginning of year $413,492 · end of year $345,036
Mission and programs · 2024
Mission
TO PROVIDE AN INSTITUTION WHICH WILL DIRECT AND MANAGE THE PROCESS WHEREBY RESEARCH IS INITIATED, PRIORITIZED, APPROVED, CONDUCTED AND CARRIED ON, RESULTS DISSEMINATED, AND FUNDED ON ANY ISSUES RELATING TO THE RENDERING INDUSTRY, AND TO COOPERATE, WHERE APPROPRIATE, WITH ANY OTHER INSTITUTIONS WITH SIMILAR GOALS.
-
THE FOUNDATION HAS EXPANDED THE UTILIZATION OF ANIMAL BY-PRODUCTS BY PROVIDING MONEY IN THE FORM OF GRANTS FOR STUDIES CONDUCTED AT UNIVERSITIES AND RESEARCH INSTITUTIONS AND BY DISTRIBUTION OF THE RESULTS OF THOSE STUDIES. THE FOUNDATION HAS COMPLETED MORE THAN 650 RESEARCH PROJECTS. THE FOUNDATION'S RESEARCH HAS DOCUMENTED THE CONTINUED IMPROVEMENT IN THE RENDERING INDUSTRY'S PRODUCTS AS MEASURED BY BIO-AVAILABILITY, BIOSECURITY AND CONSISTENCY. THE FOUNDATION FUNDED NINE RESEARCH PROJECTS DURING THE FISCAL YEAR. IN ADDITION, THE FOUNDATION HAS CONTINUED TO FUND THE ANIMAL CO-PRODUCTS RESEARCH AND EDUCATION CENTER AT CLEMSON UNIVERSITY WHICH HELPS THE FOUNDATION CARRY OUT ITS MISSION.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ansen PondANSEN POND
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Martin GuthrieMARTIN GUTHRIE
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Josh LankfordJOSH LANKFORD
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Andy AndreoliANDY ANDREOLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bj BenchBJ BENCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul BredwellPAUL BREDWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike CarlsonMIKE CARLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Claudia Cerruto-NoyaCLAUDIA CERRUTO-NOYA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael GlennMICHAEL GLENN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barry GlotmanBARRY GLOTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jody JenkinJODY JENKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David Kaluzny IIDAVID KALUZNY II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael KoewlerMICHAEL KOEWLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pete LylePETE LYLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lance NickersonLANCE NICKERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fred WellonsFRED WELLONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Danny GauthierDANNY GAUTHIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason HartmanJASON HARTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brain SondyBRAIN SONDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Glenn JensenGLENN JENSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kent SwisherKENT SWISHER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Charles StarkeyCHARLES STARKEY
DIRECTOR OF TECHNICAL SERVICES
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 31 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543159349303574
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