2024-03-21T16:15:05-05:00 2023-08-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2022-09-01 362136957 INSTITUTE OF FOOD TECHNOLOGISTS INST 3127828424 525 WEST VAN BUREN 1000 CHICAGO IL 60607 CHRISTIE TARANTINO-DEAN CEO 3127828424 2024-03-15 1 CHRISTIE TARANTINO-DEAN 999009999 0 JAMES R THOMAS P00095586 6305738600 2024-03-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTIE TARANTINO-DEAN 525 WEST VAN BUREN 1000 CHICAGO IL 60607 48178809 0 X WWW.IFT.ORG X 1939 IL 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. 20 20 89 700 1179808 0 3085780 1199777 19063509 22046759 1836946 1031937 96712 7152666 24082947 31431139 1153832 1270470 0 0 10003637 12222118 0 0 0 11769329 13000460 22926798 26493048 1156149 4938091 46520037 50817570 13277490 11194816 33242547 39622754 X 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. 0 0 7774680 16628368 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. 4093510 219475 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. 2354105 1753621 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. 7805798 1270470 2265487 OTHER PROGRAM SERVICES INCLUDE KNOWLEDGE AND LEARNING EXPERIENCES, SCIENCE TECHNOLOGY, SCIENCE AND POLICY INITIATIVES, THE GLOBAL FOOD TRACEABILITY CENTER, AND SUPPORT OF THE IFT FOUNDATION. 7805798 1270470 2265487 22028093 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 150 0 89 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 IL X MARK BARENIE 3127828424 525 WEST VAN BUREN SUITE 1000 CHICAGO IL 606073814 CHRIS DOWNS IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 WILLIAM BARRIER DIRECTOR 2.00 X 0 0 0 NICOLAS BORDENAVE DIRECTOR 2.00 X 0 0 0 PEGGY POOLE DIRECTOR 2.00 X 0 0 0 GUNNAR SIGGE DIRECTOR 2.00 X 0 0 0 LUUVAN HOANG DIRECTOR 2.00 X 0 0 0 STEPHANIE JUNG DIRECTOR 2.00 X 0 0 0 JOSEPH LIGHT DIRECTOR 2.00 X 0 0 0 JULIE EMSING MANN DIRECTOR 2.00 X 0 0 0 NANCY MORIARITY DIRECTOR 2.00 X 0 0 0 JAIME REEVES DIRECTOR 2.00 X 0 0 0 VIRAL SHUKLA DIRECTOR 2.00 X 0 0 0 CAMERON CJ WICKS DIRECTOR 2.00 X 0 0 0 JEFFREY VARCOE DIRECTOR 2.00 X 0 0 0 JAMIE VALENTI-JORDAN DIRECTOR 2.00 X 0 0 0 MARTHA MONTOYA DIRECTOR 2.00 X 0 0 0 NOEL ANDERSON TREASURER 2.00 X 0 0 0 CHRIS DAUBERT PRESIDENT - ELECT 2.00 X 0 0 0 SEAN LEIGHTON PRESIDENT 2.00 X 0 0 0 CHRISTIE TARANTINO-DEAN CEO, TRUSTEE 50.00 X 771832 0 47885 MARK BARENIE SR. VP & CFO 45.00 X 396950 0 65740 BRYAN HITCHCOCK CHIEF SCIENCE & TECH OFFICER 45.00 X 264097 0 53101 TERRENCE MERKLEY VP INFORMATION TECHNOLOGY 45.00 X 258884 0 39886 KATHERINE DOCKINS SR. VP, MEMBERSHIP 45.00 X 253699 0 47335 WILLIAM MCDOWELL EDITOR-IN-CHIEF 45.00 X 236547 0 53648 MANDY ZARANSKY-HURST SR VP OF MARKETING, COMM, BUSINESS DEVELOPMENT 45.00 X 260733 0 36406 2442742 0 344001 28 0 1 0 FREEMAN AUDIO VISUAL PO BOX 734596 DALLAS TX 753734596 AV EQUIPMENT RENTAL 1589218 MP 525 525 W VAN BUREN ST SUITE 100 CHICAGO IL 60607 OFFICE RENT 1247231 MCCORMICK PLACESMG 301 E CERMAK ROAD CHICAGO IL 60616 EVENT DEPOSIT 509054 HYATT REGENCY CHICAGO PO BOX 301588 DALLAS TX 753031588 MEETING/EXPO SERVICES 409373 INK PUBLIC RELATIONS INC 2717 S LAMAR BLVD SUITE 1087 AUSTIN TX 78704 MEDIA RELATIONS 310997 32 845336 354441 1199777 ANNUAL MEETING & FOOD EXPO 541900 16687568 16628368 59200 MEMBER DUES 900099 1753621 1753621 GLOBAL FOOD SYSTEMS CHALLENGE 541900 1181634 1181634 ADVERTISING 541800 1120608 1120608 GLOBAL FOOD TRACEABILITY CENTER 541900 683075 683075 620253 620253 22046759 1064336 1064336 881535 881535 16715271 16747670 -32399 -32399 -32399 EVENT CANCELLATION INSURANCE INCO 900099 6125000 6125000 OTHER 900099 146131 146131 6271131 31431139 20866951 1179808 8184603 541500 541500 161420 161420 567550 567550 1168781 779681 389100 8609778 6594981 2014797 714808 513394 201414 1091836 784185 307651 636915 457449 179466 136032 123376 12656 101614 14616 86998 66465 66465 2531352 2209315 322037 337944 337944 349168 138874 210294 878427 575990 302437 1156685 1156685 581630 579431 2199 4815119 4801454 13665 186924 186924 289276 8919 280357 181626 100592 81034 LICENSE FEES 428242 244822 183420 CASUAL LABOR 181673 135515 46158 PRINTING 100683 100683 OVERHEAD ALLOCATION 0 1671275 -1671275 677600 518662 158938 26493048 22028093 4464955 0 3996418 7554184 719502 859919 716018 825167 4617043 4284402 522971 332641 40190119 39848611 375009 1397048 46520037 50817570 4575048 4290953 5341861 5191299 2500000 0 860581 1712564 13277490 11194816 X 24594451 32061205 8648096 7561549 33242547 39622754 46520037 50817570 4938091 1442116 0 X X 0 1 X 1 0 X 135000 100000 100000 100000 354441 789441 16706167 17320045 13041752 17835934 20866951 85770849 16841167 17420045 13141752 17935934 21221392 86560290 0 0 0 86560290 629592 610897 797646 888874 1945871 4872880 629592 610897 797646 888874 1945871 4872880 62708 116198 323818 96712 6271131 6870567 17533467 18147140 14263216 18921520 29438394 98303737 0.88050 0.95210 0.04960 0.04060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 12279 0 1 54186 66465 0 8034124 4574 -1045787 109709 6883202 9440782 -1035154 371504 8034124 8839456 882237 280911 9440782 7279576 1158419 543854 142393 8839456 6914453 161774 274147 70798 7279576 0.79000 0.21000 0 0 1712791 1493913 218878 2904252 2790489 113763 332641 LIABILITY FOR DEFERRED COMPENSATION PLAN 497355 OPERATING LEASE LIABILITY 1199750 FINANCING LEASE LIABILITY 15459 1712564 X PART V, LINE 4: ENDOWMENTS CONSIST OF FUNDS ESTABLISHED TO SUPPORT THE FOLLOWING: POOLED PROGRAMS, INSTITUTE OF FOOD TECHNOLOGISTS PROGRAMS, AWARDS, CAREER GUIDANCE, SCIENCE COMMUNICATIONS AND EDUCATION, AND SCHOLARSHIPS. PART X, LINE 2: THE INSTITUTE IS COMPRISED OF THE FOLLOWING ORGANIZATIONS THAT ARE EXEMPT FROM INCOME TAXES UNDER THE FOLLOWING SECTIONS OF THE INTERNAL REVENUE CODE: INSTITUTE OF FOOD TECHNOLOGISTS - SECTION 501(C)(3) FEEDING TOMORROW - SECTION 501(C)(3) THE INSTITUTE AND THE FOUNDATION ARE TAX-EXEMPT ORGANIZATIONS AS DEFINED BY SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAVE BEEN CLASSIFIED AS ORGANIZATIONS THAT NOT PRIVATE FOUNDATIONS UNDER SECTION 509(A)(2). CONTRIBUTIONS TO THE INSTITUTE AND THE FOUNDATION QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A). THE INSTITUTE FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AS OF AUGUST, 31 2023 AND 2022. 1 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS IN REGION GRANTS FOR GLOBAL FOOD SYSTEMS CHALLENGE, TRAVEL, AND SCHOLARSHIP 78500 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS IN REGION GRANTS FOR GLOBAL FOOD SYSTEMS CHALLENGE 180000 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS IN REGION GRANTS FOR GLOBAL FOOD SYSTEMS CHALLENGE, TRAVEL, AND SCHOLARSHIP 295800 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS IN REGION GRANTS TRAVEL AND SCHOLARSHIP 8000 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS IN REGION GRANTS FOR TRAVEL AND SCHOLARSHIP 2000 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS IN REGION GRANTS FOR TRAVEL AND SCHOLARSHIP 250 0 0 0 0 0 0 564550 0 564550 EUROPE (INCLUDING ICELAND & GREENLAND) GLOBAL FOOD SYSTEMS CHALLENGE 25000 0 TANZANIA GLOBAL FOOD SYSTEMS CHALLENGE 50000 0 TANZANIA GLOBAL FOOD SYSTEMS CHALLENGE 25000 0 GERMANY GLOBAL FOOD SYSTEMS CHALLENGE 25000 0 GERMANY GLOBAL FOOD SYSTEMS CHALLENGE 25000 0 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES GLOBAL FOOD SYSTEMS CHALLENGE 250000 0 EUROPE (INCLUDING ICELAND & GREENLAND) GLOBAL FOOD SYSTEMS CHALLENGE 100000 0 NORTH AMERICA GLOBAL FOOD SYSTEMS CHALLENGE 25000 0 8 TRAVEL AWARDS NORTH AMERICA 10 15000 WIRE TRAVEL AWARDS SUB-SAHARAN AFRICA 2 3500 WIRE TRAVEL AWARDS SOUTH AMERICA 1 500 WIRE TRAVEL AWARDS EAST ASIA AND THE PACIFIC 1 4500 WIRE TRAVEL AWARDS SOUTH ASIA 1 250 WIRE TRAVEL AWARDS EUROPE (INCLUDING ICELAND & GREENLAND) 1 3000 WIRE SCHOLARSHIPS NORTH AMERICA 4 5800 WIRE SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 2 2000 WIRE SCHOLARSHIPS EAST ASIA AND THE PACIFIC 2 3500 WIRE SCHOLARSHIPS SOUTH AMERICA 1 1500 WIRE 0 0 0 0 0 0 PART I, LINE 2: PROCEDURES ARE THE SAME AS DOMESTIC GRANTS. SEE SCHEDULE I. PART III ACCOUNTING METHOD: 1 WORLD WILDLIFE FUND INC 1250 24TH ST NW WASHINGTON DC 20037 521693387 501(C)(3) 100000 0 GLOBAL FOOD SYSTEMS CHALLENGE INMED PARTNERSHIPS FOR CHILDREN INC 21630 RIDGETOP CIR STE 130 STERLING VA 20166 521482339 501(C)(3) 100000 0 GLOBAL FOOD SYSTEMS CHALLENGE FOOD SYSTEMS FOR THE FUTURE INSTITUTE 180 N STETSON AVE STE 1400 CHICAGO IL 60601 850558470 501(C)(3) 250000 0 GLOBAL FOOD SYSTEMS CHALLENGE CHANDRA ASSOCIATES 27302 BRAYDEN HILL TRAIL KATY TX 77494 018822955 25000 0 GLOBAL FOOD SYSTEMS CHALLENGE RADICES BIO LLC 1000 WESTGATE DR STE 150G SAINT PAUL MN 55114 851450192 25000 0 GLOBAL FOOD SYSTEMS CHALLENGE HELAINA INC 180 VARICK STREET 6TH FL NEW YORK NY 10014 352667585 10000 0 INNOVATORS IMPACT NETWORK NORTH CAROLINA STATE UNIVERSITY 400 DAN ALLEN DR RALEIGH NC 27606 566000756 501(C)(3) 14000 0 BUILDING FOR A HEALTHY TOMORROW 4 3 AWARDS 47 43750 SCHOLARSHIPS 66 117670 PART I, LINE 2: IFT DIVISIONS HAVE ESTABLISHED POLICIES AND PROCEDURES ON HOW AWARDS ARE ISSUED. APPLICANTS PROVIDE INFORMATION ON ACCOMPLISHMENTS DURING THE SELECTION PROCESS. AWARDS ARE PAID BASED UPON CRITERIA ALREADY ACHIEVED, THEREFORE, THERE IS NO FOLLOW UP REQUIRED AFTER FUNDS AWARDED HAVE BEEN DISBURSED. X X X X 0 0 0 0 0 0 0 0 0 CHRISTIE TARANTINO-DEAN CEO, TRUSTEE 565841 0 188614 0 17377 0 27000 0 20885 0 819717 0 0 0 MARK BARENIE SR. VP & CFO 343095 0 50291 0 3564 0 39625 0 26115 0 462690 0 0 0 BRYAN HITCHCOCK CHIEF SCIENCE & TECH OFFICER 229697 0 33750 0 650 0 41000 0 12101 0 317198 0 0 0 KATHERINE DOCKINS SR. VP, MEMBERSHIP 230377 0 22660 0 662 0 20500 0 26835 0 301034 0 0 0 TERRENCE MERKLEY VP INFORMATION TECHNOLOGY 222256 0 32578 0 4050 0 27000 0 12886 0 298770 0 0 0 MANDY ZARANSKY-HURST SR VP OF MARKETING, COMM, BUSINESS D 226500 0 33750 0 483 0 10450 0 25956 0 297139 0 0 0 WILLIAM MCDOWELL EDITOR-IN-CHIEF 205067 0 30000 0 1480 0 27000 0 26648 0 290195 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE INSTITUTE OF FOOD TECHNOLOGISTS IS A PROFESSIONAL MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE INSTITUTE OF FOOD TECHNOLOGISTS PARTICIPATE IN AN ANNUAL NOMINATIONS AND ELECTIONS PROCESS TO DETERMINE THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE INSTITUTE OF FOOD TECHNOLOGISTS' GOVERNING BODY HAS DESIGNATED THE BOARD TREASURER AS THE INDIVIDUAL RESPONSIBLE FOR REVIEWING THE FORM 990 ON THE BOARD'S BEHALF PRIOR TO FILING. THE FORM 990 WILL ALSO BE REVIEWED BY THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTE OF FOOD TECHNOLOGISTS' BOARD OF DIRECTORS RECEIVES A POLICY MANUAL ON AN ANNUAL BASIS WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. EACH MEMBER ACKNOWLEDGES RECEIPT OF THE POLICY ON A FORM WHICH ALSO CONTAINS A STATEMENT THAT THE OFFICER OR DIRECTOR WILL COMPLY WITH THE POLICY AND IS CURRENTLY UNAWARE OF ANY TRANSACTION IN WHICH HE OR SHE IS INVOLVED IN WHICH WOULD CONSTITUTE A CONFLICT OF INTEREST AS DEFINED. SHOULD SUCH A TRANSACTION ARISE, THE OFFICER OR DIRECTOR WILL NOTIFY THE BOARD OR EXECUTIVE VICE PRESIDENT OF THE CIRCUMSTANCES AND ACT IN ACCORDANCE WITH THE POLICY WITH RESPECT TO THAT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE INSTITUTE OF FOOD TECHNOLOGISTS' CHIEF EXECUTIVE OFFICER WAS DETERMINED UPON HIRE BY THE BOARD OF DIRECTORS AND DOCUMENTED IN AN EMPLOYMENT CONTRACT. SUBSEQUENTLY ON AN ANNUAL BASIS, COMPENSATION CHANGES ARE DETERMINED BY THE OFFICE OF THE PRESIDENT. COMPENSATION OF OTHER EMPLOYEES IS DETERMINED ON AN ANNUAL BASIS BY THE CHIEF EXECUTIVE OFFICER. THE CHIEF HUMAN RESOURCES OFFICER PERFORMS A SALARY SURVEY AT THAT TIME TO ENSURE COMPENSATION IS WITHIN A REASONABLE RANGE WHEN COMPARED TO THE MARKET. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE INSTITUTE OF FOOD TECHNOLOGISTS' HEADQUARTERS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE INSTITUTE OF FOOD TECHNOLOGISTS' HEADQUARTERS. FORM 990, PART XII, LINE 2C THE INSTITUTE OF FOOD TECHNOLOGISTS HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED DURING THE YEAR.