Overview

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Est.

1939

Fiscal Year Start

Sep 1

Organization Type

Grantseeker

AI Summary

The Institute of Food Technologists (EIN: 36-2136957) is a nonprofit organization dedicated to advancing the science of food, with a mission to ensure a safe and abundant food supply that contributes to healthier people globally. Operating with a budget of $27.1 million and generating total revenue of $27.3 million in 2024, the organization fosters an inclusive community for food science and technology professionals. Notably, it does not rely on a single funder for more than 50% of its revenue. More information can be found on their website at www.ift.org.

Mission Statement

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.
Revenues
$27.3M
Expenses
$28.5M
Net Income:
-$1.1M
Assets
$58.4M
Liabilities
$14.5M
Net Assets:
+$43.9M
Operating Budget
$27.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
11
Median grant size
$25.2K
Largest grant received
$600K
C
Christie Tarantino-Dean
Board Member
W
William Barrier
Board Member
N
Nicolas Bordenave
Board Member

Frequently Asked Questions

What is INSTITUTE OF FOOD TECHNOLOGISTS’s budget?
In 2024, INSTITUTE OF FOOD TECHNOLOGISTS reported an annual operating budget of around $27.1 million. More detailed financial information is available to registered users.
What causes does INSTITUTE OF FOOD TECHNOLOGISTS support?
INSTITUTE OF FOOD TECHNOLOGISTS supports work in Health, Science, and Technology.
Where does INSTITUTE OF FOOD TECHNOLOGISTS operate?
INSTITUTE OF FOOD TECHNOLOGISTS is headquartered in Chicago, IL.
Who funded INSTITUTE OF FOOD TECHNOLOGISTS recently?
In 2024, INSTITUTE OF FOOD TECHNOLOGISTS received grants from THE DAVID AND LUCILE PACKARD FOUNDATION, Seeding the Future Foundation, and Humanity United. More information on this organization’s funders is available to registered users.
What is the largest grant INSTITUTE OF FOOD TECHNOLOGISTS received in 2024?
The largest grant to INSTITUTE OF FOOD TECHNOLOGISTS in 2024 exceeds $600 thousand.
What is INSTITUTE OF FOOD TECHNOLOGISTS’s reliance on government grants?
INSTITUTE OF FOOD TECHNOLOGISTS relied on government grants for less than 5% of their total revenue in 2024.