Overview
What is Institute Of Food Technologists?
The Institute of Food Technologists is a Chicago-based nonprofit organization, with approximately 18,000 to 20,000 attendees annually, dedicated to advancing the science of food. Their mission is to ensure a safe and abundant food supply that contributes to healthier people everywhere. The organization offers an inclusive community for food science and technology professionals, providing them with resources to enhance their professional competency. The Institute's efforts are focused on four main areas: stewarding the profession and its community, championing research and innovation, acting as an influential advocate and trusted spokesperson, and being a global citizen and partner. Their annual meeting and food expo bring attendees together for three days of technical sessions, symposia, and forums. With over 1,800 papers and presentations available and approximately 900 exhibitors, the event is a significant platform for knowledge sharing and networking in the food science industry. Their workforce consists of 87 employees.
Official website here: www.ift.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
The Institute of Food Technologists has achieved a Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in Accountability & Finance. The organization scored a remarkable 96%, indicating a high level of transparency and responsible financial management. This score is derived entirely from their accountability and finance practices, showcasing a commitment to ethical stewardship of resources.
One of the organization's notable strengths is its governance structure, with an entirely independent board comprising 20 members. This independence, coupled with a robust audit and oversight committee, has contributed to their commendable financial health, evidenced by a favorable liabilities to assets ratio of 22.02%. Additionally, the organization has established comprehensive policies regarding conflict of interest and whistleblower protections, further emphasizing their commitment to ethical practices.
While the organization excels in its accountability metrics, the summary does not provide insights into specific programmatic impact or community engagement. Future evaluations could benefit from information on how effectively the organization utilizes its resources to fulfill its mission and the outcomes of its initiatives in the food technology sector.
This AI summary has been generated from information found on Charity Navigator.
Is Institute Of Food Technologists legitimate?
Institute Of Food Technologists is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute Of Food Technologists 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:
Executive Compensation: $1,005,705
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,951,728
For more financial information, click here
Official website here: www.ift.org
What is the mission statement of Institute Of Food Technologists?
The Institute of Food Technologists is dedicated to advancing the science of food with a long-term vision of ensuring a safe and abundant food supply contributing to healthier people worldwide. The organization aims to create an inclusive and welcoming community for food science and technology professionals, offering resources that enhance their professional competency.
The Institute focuses its work in four main areas, or "roles and goals." One of these roles is acting as a steward for the profession and its community, providing learning, networking, and leadership development opportunities. In another role, it functions as a research champion and innovation catalyst, advocating for emerging sciences and fostering technology development.
As an influential advocate and trusted spokesperson, the Institute engages in advocacy and communication efforts to enhance recognition of the profession and promote increased understanding and application of food science. Lastly, as a global citizen and partner, the organization contributes to and collaborates on the global advancement and application of food science.
Official website here: www.ift.org
Who is the CEO of Institute Of Food Technologists?
Christie Tarantino-Dean is the President of Institute Of Food Technologists. The CEO's salary of Institute Of Food Technologists is $644,209 and their total compensation is $713,729.
Official website here: www.ift.org
What is the revenue of Institute Of Food Technologists?
Institute Of Food Technologists's revenue in 2022 was $24,082,947.
Official website here: www.ift.org
Who are the executives of Institute Of Food Technologists and what are their salaries?
The average compensation at Institute Of Food Technologists during 2022 was $91,465. There are 87 employees and 501 volunteers at Institute Of Food Technologists.
Here are 27 key members and their salaries (Institute Of Food Technologists's CEO's salary is $644,209 and their total compensation is $713,729):
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- Compensation: $644,209
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- Compensation: $193,336
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- Other: $42,318
Official website here: www.ift.org
Where can I find the form 990 for Institute Of Food Technologists?
Institute Of Food Technologists's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ift.org
Learn more at the official website: www.ift.org
Mission Statement of Institute Of Food Technologists
The Institute of Food Technologists, a renowned organization, is dedicated to advancing the science of food. With a long-term vision of ensuring a safe and abundant food supply contributing to healthier people everywhere, the Institute strives to create an inclusive and welcoming community for food science and technology professionals.
In order to achieve this mission, the Institute focuses its work in four main areas, each contributing significantly to its goals. First, as a Steward for the Profession and Its Community, the Institute provides learning, networking, and leadership development experiences for food science and technology professionals, enabling them to become leaders in the global food science community.
Second, acting as a Research Champion and Innovation Catalyst, the Institute champions emerging sciences, fosters technology development, application, and transfer, and increases funding for food-related research, ultimately supporting innovation in food science.
Third, the Institute functions as an Influential Advocate and Trusted Spokesperson, engaging in advocacy and communication efforts to enhance recognition of the profession and increase understanding and application of the science of food.
Lastly, the Institute demonstrates its role as a Global Citizen and Partner by proactively contributing to and being a partner for the global advancement and application of the science of food.
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Impact
October, 2024
The Institute of Food Technologists (IFT) plays a pivotal role in advancing the science of food, ensuring a safe and abundant food supply while contributing to healthier lives around the globe. It fosters an inclusive and supportive community for food science and technology professionals, providing essential knowledge and resources to enhance their skills and competencies.
IFT's annual meeting and food expo serves as a major platform, attracting approximately 18,000 to 20,000 participants each year. This event features technical sessions, symposia, and forums that cover a broad spectrum of topics in food technology, showcasing over 1,800 papers and presentations and hosting around 900 exhibitors.
The organization focuses on four primary roles: stewarding the profession and community, championing research and innovation, advocating for the profession, and acting as a global citizen and partner. By providing learning opportunities, networking experiences, and leadership development, IFT empowers professionals to become leaders in the food science community. Additionally, by advocating for increased funding and supporting the transfer of technology, IFT fuels innovation within the field. Its efforts in communication and advocacy enhance public understanding of food science, while its commitment to global collaboration contributes to the worldwide advancement of food technology.
This information is meant to be a general summary of Institute Of Food Technologists. 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: $1,836,946
- Program Service Revenue: $19,063,509
- Gross Receipts: $35,436,290
Assets and Liabilities:
- Total Assets: $46,520,037
- Total Liabilities: $13,277,490
- Net Assets: $33,242,547
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MEETING & FOOD EXPO
Revenue
$13,100,527
MEMBER DUES
Revenue
$1,696,013
GLOBAL FOOD SYSTEMS CHALLENGE
Revenue
$1,203,768
ADVERTISING
Revenue
$1,188,075
PUBLICATIONS
Revenue
$999,606
Organization Details
Founding Year
1939
Phone
(312) 782-8424Principal Officer
Christie Tarantino-Dean
Main Address
525 WEST VAN BUREN 1000, CHICAGO, IL, 60607
Website
www.ift.orgNTEE Category
Code: K03 - Food
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