Overview
What is The Good Food Institute Inc?
The Good Food Institute Inc, based in Arlington, Virginia, is a pioneering nonprofit organization dedicated to advancing alternative protein technologies. Their Science and Technology Department, also known as GFI, is a global leader in this sector, with a team of experts driving research and innovation. The institute aims to create a roadmap for alternative protein development, attract top scientists, and allocate significant funding to high-impact research areas. The Good Food Institute's key activities involve analyzing technical challenges, mobilizing resources, and inspiring the next generation of innovators. Their mission is to make the global food system more sustainable, secure, and just by promoting accessible, affordable, and delicious alternative proteins. With 116 employees, the organization is committed to harnessing the power of food innovation and markets for the betterment of the planet, people, and animals.
Official website here: www.gfi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Good Food Institute (GFI) has received an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization has achieved remarkable scores in impact and measurement, as well as leadership and adaptability, both of which are critical indicators of its effectiveness in driving change within the food system. GFI’s high program expense ratio indicates a significant portion of its funds is dedicated to directly supporting its mission, which focuses on transitioning away from industrial animal agriculture towards plant-based and clean meat alternatives.
User reviews from Great Nonprofits are overwhelmingly positive, with supporters highlighting GFI's innovative approach to addressing global issues such as climate change, animal welfare, and food insecurity. Many donors express confidence in GFI's effectiveness and strategy, noting that the organization uniquely targets supply-side solutions rather than solely focusing on changing consumer behavior. This proactive approach is seen as a crucial factor in GFI’s potential to create lasting transformation in the food industry.
Despite its many strengths, some limitations or challenges are not explicitly noted in the available data. However, continuous funding and support from donors are essential for GFI to maintain its momentum and further develop its initiatives. Overall, GFI is praised as a vital organization in the movement toward a more sustainable and ethical food system, with a strong commitment to using science and innovation to drive change.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Good Food Institute Inc legitimate?
The Good Food Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Good Food Institute Inc 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: $493,698
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,369,694
For more financial information, click here
Official website here: www.gfi.org
What is the mission statement of The Good Food Institute Inc?
The Good Food Institute Inc is dedicated to paving the way for a sustainable, secure, and ethical protein supply by identifying effective solutions and mobilizing resources and talent. In alignment with this goal, the organization's mission is to support efforts in making alternative proteins accessible, affordable, and delicious for the benefit of the planet, people, and animals.
GFI's Science and Technology department plays a crucial role in accelerating the development of alternative protein technologies. The team consists of global experts who ensure a clear roadmap for innovation, engage top scientists in research and development, and allocate significant funds towards high-impact areas of alternative protein research. The SciTech team focuses on three primary activities: analyzing current and future technical challenges, mobilizing funding for open-access research, and inspiring and supporting the next generation of innovators within the alternative protein industry.
Official website here: www.gfi.org
Who is the CEO of The Good Food Institute Inc?
Ilya Sheyman is the President And Founder of The Good Food Institute Inc. The CEO's salary of The Good Food Institute Inc is $133,348 and their total compensation is $144,067.
Official website here: www.gfi.org
What is the revenue of The Good Food Institute Inc?
The Good Food Institute Inc's revenue in 2022 was $15,833,279.
Official website here: www.gfi.org
Who are the executives of The Good Food Institute Inc and what are their salaries?
The average compensation at The Good Food Institute Inc during 2022 was $76,409. There are 116 employees and 21 volunteers at The Good Food Institute Inc.
Here are 13 key members and their salaries (The Good Food Institute Inc's CEO's salary is $133,348 and their total compensation is $144,067):
- Compensation: $166,991
- Related: $0
- Other: $13,053
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $155,374
- Related: $0
- Other: $14,212
- Compensation: $133,348
- Related: $0
- Other: $10,719
- Compensation: $149,413
- Related: $0
- Other: $6,754
- Compensation: $141,221
- Related: $0
- Other: $12,280
- Compensation: $147,645
- Related: $0
- Other: $4,514
- Compensation: $134,903
- Related: $0
- Other: $13,237
- Compensation: $137,154
- Related: $0
- Other: $4,115
Official website here: www.gfi.org
Where can I find the form 990 for The Good Food Institute Inc?
The Good Food Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gfi.org
Learn more at the official website: www.gfi.org
Mission Statement of The Good Food Institute Inc
The Good Food Institute Inc is a pioneering organization dedicated to shaping a sustainable, secure, and ethical protein supply for the future. With a mission to harness the power of food innovation and markets, this institution supports initiatives aimed at making alternative proteins accessible, affordable, and delicious.
In the realm of science and technology, The Good Food Institute Inc plays a pivotal role. Its Science and Technology department is at the forefront of alternative protein technology research, with experts recognized globally in this sector. Their primary objectives include analyzing current and future technical challenges, identifying significant research and commercialization opportunities, and mobilizing funding for open-access research and early-stage commercialization. By focusing on these activities, The Good Food Institute Inc is inspiring and supporting the next generation of innovators in the alternative protein industry.
The Good Food Institute Inc's ultimate goal is to make a positive impact on the planet, people, and animals by promoting the development and accessibility of alternative protein options. Their efforts encompass not only scientific research but also the mobilization of resources and talent, making alternative proteins a viable and appealing choice for consumers. This organization is paving the way for a future where alternative protein sources can contribute to a more sustainable, ethical, and secure food system.
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Impact
October, 2024
The Good Food Institute Inc. is leading the charge towards a sustainable, secure, and just protein supply by developing a comprehensive roadmap that identifies effective solutions and mobilizes resources within the food system. Their focus is on alternative proteins, aiming to make them accessible, affordable, and appealing to consumers.
A significant aspect of their impact lies in their Science and Technology department, which accelerates the advancement of alternative protein technologies. The institute's scientists are recognized as global leaders in this field, working diligently to identify key research and commercialization opportunities. They analyze both current and future technical challenges, ensuring that the best scientists are engaged in developing innovative solutions.
Moreover, GFI mobilizes funding for open-access research and supports early-stage commercialization initiatives, driving innovation in the alternative protein sector. By inspiring and nurturing the next generation of innovators, they contribute to a more resilient food system that better aligns with environmental and ethical considerations. GFI's efforts are pivotal in transforming the way protein is produced and consumed, fostering a future that benefits the planet, society, and animal welfare.
This information is meant to be a general summary of The Good Food Institute Inc. 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: $262,192
- Program Service Revenue: $19,741
- Gross Receipts: $18,883,260
Assets and Liabilities:
- Total Assets: $50,506,658
- Total Liabilities: $5,636,418
- Net Assets: $44,870,240
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES AND MEETINGS
Revenue
$19,741
Organization Details
Founding Year
2015
Phone
(202) 596-2262Principal Officer
Ilya Sheyman
Main Address
2503D N HARRISON ST 19, ARLINGTON, VA, 22207
Website
www.gfi.orgNTEE Category
Code: K03 - Food
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