Overview
What is The Food Marketing Educational Foundatio?
The Food Marketing Educational Foundation is a nonprofit organization situated in Philadelphia, Pennsylvania. Its primary objective is to champion and sustain food marketing education. The foundation accomplishes this by offering various services to food marketing students, such as scholarships, internships, cooperative education, counseling, and placement. Their fundraising efforts, aided by their board and partner companies, have resulted in financial support for the foundation's programs, events, and student needs, enabling students to pursue their education and prepare for careers in the food industry. The foundation's initiatives have also led to the development of an efficient and effective student talent portal for the industry, contributing to the enhancement of many companies' current workforce. During FY22, ten students were granted scholarships worth $37,500.
Official website here: www.sju.edu/afm
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
The Food Marketing Educational Foundation has received an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial management. The organization scored 96% in the Accountability & Finance category, indicating a high level of transparency and sound fiscal practices. The most recent fiscal year report highlights that the organization is well-structured with a fully independent board, demonstrating commitment to ethical governance.
Strengths include a high program expense ratio of 91.73%, suggesting that the majority of its funds are directed towards its mission-driven activities. Additionally, the foundation has robust policies in place, including conflict of interest and whistleblower policies, which further enhance its accountability. The absence of any material diversion of assets also points to effective oversight and responsible management.
While the data indicates a strong overall performance, the rating is based solely on the Accountability & Finance metrics. Potential donors and supporters may want more information about the foundation’s specific programs and impact to get a complete picture of its effectiveness. Overall, the Food Marketing Educational Foundation demonstrates a commitment to transparency and accountability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Food Marketing Educational Foundatio legitimate?
The Food Marketing Educational Foundatio is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Food Marketing Educational Foundatio submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.sju.edu/afm
What is the mission statement of The Food Marketing Educational Foundatio?
The Food Marketing Educational Foundation's mission is centered around promoting and supporting food marketing education. They provide various services to food marketing students, including scholarship aid, recruitment, internships, cooperative education, counseling, and placement. The primary goal is to assist students in their educational journey, preparing them for careers in the food and non-food industries. The foundation relies on fundraising efforts, primarily led by its Board of Governors and partner companies, to support its programs and students through scholarships, experiential learning, events, and more. These efforts have enabled students to continue their education and secure positions in the industry, thereby enhancing the workforce for many companies. In the fiscal year 2022, ten students were awarded $37,500 in scholarships.
Official website here: www.sju.edu/afm
Who is the CEO of The Food Marketing Educational Foundatio?
Joseph J Bivona is the Chair of The Food Marketing Educational Foundatio.
Official website here: www.sju.edu/afm
What is the revenue of The Food Marketing Educational Foundatio?
The Food Marketing Educational Foundatio's revenue in 2022 was $1,241,306.
Official website here: www.sju.edu/afm
Who are the executives of The Food Marketing Educational Foundatio and what are their salaries?
There 44 volunteers at The Food Marketing Educational Foundatio.
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Official website here: www.sju.edu/afm
Where can I find the form 990 for The Food Marketing Educational Foundatio?
The Food Marketing Educational Foundatio's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sju.edu/afm
Learn more at the official website: www.sju.edu/afm
Mission Statement of The Food Marketing Educational Foundatio
The Food Marketing Educational Foundation is committed to promoting and supporting food marketing education. This nonprofit organization provides various services to students pursuing careers in food marketing, including scholarship aid, recruiting, internships, cooperative education, counseling, and placement. Its mission is not only limited to supporting the education of future food marketing professionals but also extends to aiding in their development to serve both the food and non-food industries.
The Board of Governors plays a vital role in achieving this mission by fundraising. With the help of the board and partner companies, they solicit contributions to support the Future Food Industry Leaders Program. These funds are utilized to provide scholarships, experiential learning opportunities, events, operating budget, summits, conferences, program enrollment, co-op, internships, mentoring, and more for the food marketing students. As a result of these fundraising efforts, students have been able to continue their education and gain the fundamental skills necessary for successful careers in the industry. Furthermore, the foundation's fundraising campaigns have resulted in an efficient and effective way to support a student talent portal for the industry, as well as enhance most companies' current workforce. In the fiscal year 2022, 10 students were awarded $37,500 in scholarships.
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Impact
October, 2024
The Food Marketing Educational Foundation significantly impacts the food marketing education landscape by promoting and supporting educational initiatives for students in this field. It provides essential services, including scholarship aid, recruitment, internships, cooperative education opportunities, counseling, and job placement assistance.
Through dedicated fundraising efforts, the foundation collaborates with partner companies to create sustainable support for students and the food marketing program. This funding contributes to scholarships, experiential learning opportunities, events, and educational resources, enabling students to gain the necessary skills and knowledge for successful careers in food marketing.
In FY22 alone, the foundation awarded $37,500 in scholarships to ten students, directly alleviating financial barriers and allowing them to focus on their education. By developing a talent portal for the industry, the foundation enhances the capabilities of the current workforce while preparing the next generation of food marketing professionals to excel in various roles within both food and non-food sectors.
This information is meant to be a general summary of The Food Marketing Educational Foundatio. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $66,688
- Program Service Revenue: $954,998
- Gross Receipts: $1,253,057
Assets and Liabilities:
- Total Assets: $3,871,465
- Total Liabilities: $229,170
- Net Assets: $3,642,295
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUTURE FOOD INDUSTRY L
Revenue
$954,998
Organization Details
Founding Year
1994
Phone
(610) 660-1605Principal Officer
Joseph J Bivona
Main Address
ST JOSEPHS UNIV 5600 CITY AVE, PHILADELPHIA, PA, 191311395
Website
www.sju.edu/afmNTEE Category
Code: B64Z - Education
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