2026-07-08T10:39:38-05:00 2025-08-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2024-09-01 362136957 INSTITUTE OF FOOD TECHNOLOGISTS INST 3127828424 433 WEST VAN BUREN STREET 11-G CHICAGO IL 60607 CHRISTIE TARANTINO-DEAN CEO 3127828424 2026-07-07 1 1 THURE ROSS CPA P00577278 6305738600 2026-07-06 2024 2025-03-06 01:10:19Z CHRISTIE TARANTINO-DEAN 433 WEST VAN BUREN STREET 11-G CHICAGO IL 60607 50513871 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. 18 18 84 1400 1049779 0 620174 111502 24740385 24030832 925429 2725224 1047163 1398025 27333151 28265583 1399906 1396178 0 0 12926707 12806392 0 0 0 14155943 14563603 28482556 28766173 -1149405 -500590 58378256 59376865 14456615 14021866 43921641 45354999 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 7541440 18389275 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. 6015034 212165 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. 2216055 1753945 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. 8707170 1396178 2625668 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. 8707170 1396178 2625668 24479699 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 1 0 0 0 0 1 127 0 84 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 IL X ERIC ELLIS 3127828424 433 WEST VAN BUREN SUITE 11-G CHICAGO IL 60607 CHRIS DAUBERT PRESIDENT 2.00 X X 0 0 0 PEGGY POOLE PRESIDENT - ELECT 2.00 X X 0 0 0 SEAN LEIGHTON IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 NOEL ANDERSON TREASURER 2.00 X X 0 0 0 LUUVAN HOANG DIRECTOR 2.00 X 0 0 0 STEPHANIE JUNG DIRECTOR 2.00 X 0 0 0 JULIE MANN DIRECTOR 2.00 X 0 0 0 JOE LIGHT DIRECTOR 2.00 X 0 0 0 VIRAL SHUKLA 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 JEFF VARCOE DIRECTOR 2.00 X 0 0 0 JANA SCHREUDER DIRECTOR 2.00 X 0 0 0 GIRISH GANJYAL DIRECTOR 2.00 X 0 0 0 MARTHA MONTOYA DIRECTOR 2.00 X 0 0 0 DARRYL RILEY DIRECTOR 2.00 X 0 0 0 MOHAMED BADAOUI NAJJAR DIRECTOR 2.00 X 0 0 0 SUZANNE JOHANNINGSMEIER DIRECTOR 2.00 X 0 0 0 JAMIE VALENTI-JORDAN DIRECTOR (THRU MAY 2025) 2.00 X 0 0 0 CHRISTIE TARANTINO-DEAN CEO, TRUSTEE 50.00 X 904155 0 52657 MARK BARENIE SR. VP & CFO (THRU AUG 2025) 45.00 X 479013 0 75455 BRYAN HITCHCOCK CHIEF SCIENCE & TECH OFFICER 45.00 X 301648 0 58539 TAMARA STACEY COO (AS OF AUG 2024) 45.00 X 102808 0 6413 TERRENCE MERKLEY VP INFORMATION TECHNOLOGY 45.00 X 281250 0 42637 KATHERINE DOCKINS SR. VP, MEMBERSHIP 45.00 X 281518 0 49569 WILLIAM MCDOWELL EDITOR-IN-CHIEF 45.00 X 261871 0 57907 ANNA LEIGH ROSALES SR. DIRECTOR OF GOV AFFAIR 45.00 X 240840 0 24994 MELODIE ANDERSON DIRECTOR OF OPERATIONS 45.00 X 203203 0 23393 3056306 0 391564 42 0 1 0 FREEMAN - DALLAS PO BOX 734596 DALLAS TX 753734596 AV EQUIPMENT RENTAL 1540561 SPARGO INC 11208 WAPLES MILL ROAD SUITE 112 FAIRFAX VA 22030 EXHIBIT COMMSSION DRAWS 1160196 IMPROVING HOUSTON 5445 LEGACY DRIVE SUITE 1000 PLANO TX 75024 IT IMPLEMENTATION 1043977 SPAULDING RIDGE LLC 203 N LASALLE ST SUITE 2300 CHICAGO IL 60601 IT IMPLEMENTATION 841655 OVG 360 301 E CERMAK RD CHICAGO IL 60616 EQUIPMENT RENTAL 633443 26 111502 111502 ANNUAL MEETING & FOOD EXPO 541900 18449475 18389275 60200 MEMBER DUES 900099 1753945 1753945 GLOBAL FOOD SYSTEMS CHALLENGE 541900 1350935 1350935 GLOBAL FOOD TRACEABILITY CENTER 541900 1110184 1110184 ADVERTISING 541800 945929 945929 420364 376714 43650 24030832 1262280 1262280 1398025 1398025 23711232 22248288 1462944 1462944 1462944 28265583 22981053 1049779 4123249 X 490650 490650 109133 109133 796395 796395 2209407 1723338 486069 8288576 6423627 1864949 555041 430018 125023 1055766 818985 236781 697602 541313 156289 112994 88858 24136 82924 27800 55124 70997 70997 162499 162499 3357624 3039435 318189 451260 451260 410853 234654 176199 1102668 798737 303931 1179156 1179156 791447 784348 7099 4803567 4771922 31645 3067 3067 468830 207778 261052 205372 116601 88771 LICENSE FEES 416803 273571 143232 PRINTING 207106 207106 CASUAL LABOR 133444 133444 OVERHEAD ALLOCATION 0 1414182 -1414182 602992 525547 77445 28766173 24479699 4286474 0 7432210 4132399 1056970 930490 1136019 999165 5697151 2501691 961926 3195460 45836526 47667905 1954605 2451446 58378256 59376865 6097404 5439608 6281703 6129532 2077508 2452726 14456615 14021866 X 35663168 36629139 8258473 8725860 43921641 45354999 58378256 59376865 -500590 1933948 0 X 0 1 X 1 0 X 100000 100000 354441 145690 111502 811633 13041752 17835934 20866951 23629428 22981053 98355118 13141752 17935934 21221392 23775118 23092555 99166751 0 0 0 99166751 797646 888874 1945871 2076968 2660305 8369664 797646 888874 1945871 2076968 2660305 8369664 323818 96712 6271131 85139 6776800 14263216 18921520 29438394 25937225 25752860 114313215 0.86750 0.87620 0.07320 0.05920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 561 0 1 70436 70997 0 PART II-B, LINE 1: 1A. IFT VOLUNTEERS PROVIDE CASE STUDIES AND PERSONAL STORIES AROUND FOOD SCIENCE TOPICS AND RESEARCH FUNDING. 1B. IFT STAFF, SUPPORTED BY AN EXTERNAL FIRM, CREATE EDUCATIONAL RESOURCES AND MEET WITH LEGISLATIVE STAFF ON FOOD SCIENCE TOPICS. 1G. IFT STAFF AND VOLUNTEERS INTERACT WITH LEGISLATIVE STAFF THROUGH SCHEDULED MEETINGS, PUBLIC CONGRESSIONAL LUNCH & LEARNS, AND RESOURCE SHARING. 1I. IFT STAFF AND ADVOCACY FIRM COSTS ASSOCIATED WITH THE ABOVE ACTIVITIES. 7762592 19998 819261 202400 8399451 6883202 23755 978935 123300 7762592 8034124 4574 -1045787 109709 6883202 9440782 -1035154 371504 8034124 8839456 882237 280911 9440782 0.00000 0.64800 0.35200 0 0 14849 6788 8061 5682302 2494903 3187399 3195460 LIABILITY FOR DEFERRED COMPENSATION PLAN 792643 OPERATING LEASE LIABILITY 1657375 FINANCING LEASE LIABILITY 2708 2452726 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: IFT IS A TAX-EXEMPT ORGANIZATION AS DEFINED BY SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). CONTRIBUTIONS TO IFT QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A). IFT FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. IFT HAS DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 2025 AND 2024. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 GRANTS TO RECIPIENTS IN REGION GRANTS TO RECIPIENTS IN REGION 3483 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 GRANTS TO RECIPIENTS IN REGION GRANTS TO RECIPIENTS IN REGION 133693 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTS TO RECIPIENTS IN REGION GRANTS TO RECIPIENTS IN REGION 253028 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTS TO RECIPIENTS IN REGION GRANTS TO RECIPIENTS IN REGION 64238 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 GRANTS TO RECIPIENTS IN REGION GRANTS TO RECIPIENTS IN REGION 9357 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 GRANTS TO RECIPIENTS IN REGION GRANTS TO RECIPIENTS IN REGION 1600 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTS TO RECIPIENTS IN REGION GRANTS TO RECIPIENTS IN REGION 330996 0 0 0 0 0 0 796395 0 796395 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GLOBAL FOOD SYSTEMS CHALLENGE 25000 WIRE 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GLOBAL FOOD SYSTEMS CHALLENGE 25000 WIRE 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GLOBAL FOOD SYSTEMS CHALLENGE 25000 WIRE 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GLOBAL FOOD SYSTEMS CHALLENGE 25000 WIRE 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GLOBAL FOOD SYSTEMS CHALLENGE 25000 WIRE 0 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES GLOBAL FOOD SYSTEMS CHALLENGE 25000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GLOBAL FOOD SYSTEMS CHALLENGE 250000 WIRE 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GLOBAL FOOD SYSTEMS CHALLENGE 100000 WIRE 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GLOBAL FOOD SYSTEMS CHALLENGE 100000 WIRE 0 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, GLOBAL FOOD SYSTEMS CHALLENGE 100000 WIRE 0 10 SCHOLARSHIPS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 3 4500 WIRE SCHOLARSHIPS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 3 4500 WIRE SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 1500 WIRE SCHOLARSHIPS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 2 3500 WIRE SCHOLARSHIPS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 1500 WIRE AWARDS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 9 1857 WIRE AWARDS CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 4 3483 WIRE AWARDS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 22 12693 WIRE AWARDS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 100 WIRE AWARDS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 9 1528 WIRE AWARDS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 25 9738 WIRE AWARDS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 13 1996 WIRE 0 0 0 0 0 0 PART I, LINE 2: PROCEDURES ARE THE SAME AS DOMESTIC GRANTS. SEE SCHEDULE I. 1 VEXXEL BIOTECH CORP 3500 S DUPONT HWY DOVER DE 19901 932677439 25000 0 GLOBAL FOOD SYSTEMS CHALLENGE THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS 506 S WRIGHT ST URBANA IL 61801 376000511 501(C)(3) 25000 0 GLOBAL FOOD SYSTEMS CHALLENGE SAVORY INSTITUTE 885 ARAPAHOE AVE BOULDER CO 80302 454134319 501(C)(3) 250000 0 GLOBAL FOOD SYSTEMS CHALLENGE FOOD SCIENCE CLUB AT NC STATE 400 DAN ALLEN DR RALEIGH NC 27695 561418626 501(C)(3) 17000 0 SCHOLARSHIPS THE UNIVERSITY OF ARKANSAS 1 UNIVERSITY OF ARKANSAS FAYETTEVILLE AR 72701 716003252 501(C)(3) 25000 0 SCHOLARSHIPS CORNELL UNIVERSITY 377 PINE TREE RD ITHACA NY 14850 150532082 501(C)(3) 5500 0 AWARDS PLANTIBLE FOODS INC 1111 KANE CONCOURSE 603 BAY HARBOR ISLANDS FL 33154 830812072 10000 0 AWARDS 5 2 AWARDS 10 31000 SCHOLARSHIPS 9 16500 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 662094 0 227568 0 14493 0 30500 0 22157 0 956812 0 0 0 MARK BARENIE SR. VP & CFO (THRU AUG 2025) 381728 0 93721 0 3564 0 53500 0 21955 0 554468 0 0 0 BRYAN HITCHCOCK CHIEF SCIENCE & TECH OFFICER 268232 0 32786 0 630 0 46000 0 12539 0 360187 0 0 0 KATHERINE DOCKINS SR. VP, MEMBERSHIP 250376 0 30512 0 630 0 23000 0 26569 0 331087 0 0 0 TERRENCE MERKLEY VP INFORMATION TECHNOLOGY 245916 0 30000 0 5334 0 30500 0 12137 0 323887 0 0 0 WILLIAM MCDOWELL EDITOR-IN-CHIEF 227565 0 32500 0 1806 0 30500 0 27407 0 319778 0 0 0 ANNA LEIGH ROSALES SR. DIRECTOR OF GOV AFFAIR 200961 0 39501 0 378 0 23000 0 1994 0 265834 0 0 0 MELODIE ANDERSON DIRECTOR OF OPERATIONS 186731 0 15541 0 931 0 3722 0 19671 0 226596 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 IX, LINE 11G GFTC PACKARD PARTNERS: PROGRAM SERVICE EXPENSES 206,808. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 206,808. IT: PROGRAM SERVICE EXPENSES 689,848. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 689,848. IFT FIRST: PROGRAM SERVICE EXPENSES 377,297. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 377,297. DESIGN: PROGRAM SERVICE EXPENSES 141,225. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 141,225. EDITORIAL: PROGRAM SERVICE EXPENSES 266,280. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 266,280. OTHER CONSULTING: PROGRAM SERVICE EXPENSES 1,357,977. MANAGEMENT AND GENERAL EXPENSES 318,189. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,676,166. IFT TECHNOLOGY VENTURES LLC 433 W VAN BUREN ST STE 11 CHICAGO IL 60607 333161058 SEE PART VII IL 12500 2614126 INSTITUTE OF FOOD TECHNOLOGISTS FORM 990, SCHEDULE R, PART I, LINE 1, COLUMN (B) IFT TECHNOLOGY VENTURES, LLC IS AN ILLINOIS LIMITED LIABILITY COMPANY FORMED ON JANUARY 31, 2025, WITH INSTITUTE OF FOOD TECHNOLOGISTS AS ITS SOLE CONTROLLING MEMBER, TO DEVELOP FOOD RELATED TECHNOLOGIES THAT BENEFIT THE ORGANIZATION AND ITS MEMBERS.