Food System For The Future Institute

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850558470 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Food System For The Future Institute?

Food Systems for the Future Institute is a nonprofit organization based in Chicago, Illinois. With a team of five dedicated individuals, they invest in and support innovative, market-driven food and agriculture enterprises. Their mission is to enhance nutrition outcomes for underserved and low-income communities in a sustainable, measurable, and profitable manner. By partnering with these enterprises, they aim to make a significant impact on targeted communities, contributing to improved food systems and overall well-being.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 64%, earning a Two-Star out of Four Star rating.

The Food System For The Future Institute has received a two-star rating, indicating room for improvement in its accountability and financial practices. While the organization has a strong program expense ratio of 86.41%, indicating that a significant portion of its funds is directed towards its programs, it faces challenges with its board governance, as it currently has no independent board members. This lack of independent oversight may raise concerns about the organization’s decision-making processes.

In terms of financial oversight, the institute has received full marks for its financial statements audit and has policies in place for conflicts of interest and whistleblowing. However, its liabilities to assets ratio stands at a concerning 92.10%, suggesting that the organization may be heavily leveraged. Additionally, the absence of board meeting minutes and the missing tax form on its website could impact transparency and public trust.

Overall, while the Food System For The Future Institute demonstrates strong program expenditure and robust financial policies, its governance structure and financial health raise significant concerns that potential donors may want to consider before contributing.


This AI summary has been generated from information found on Charity Navigator.

Is Food System For The Future Institute legitimate?

Food System For The Future Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Food System For The Future Institute 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $104,933

For more financial information, click here

What is the mission statement of Food System For The Future Institute?

The Food System For The Future Institute dedicates its efforts to supporting and serving innovative, market-driven food and agriculture businesses. Their primary goal is to enhance nutrition outcomes for underserved and low-income communities in a sustainable, measurable, and profitable manner. By providing these enterprises with necessary resources, the institute aims to make a significant impact on the lives of those who are most in need.

Who is the CEO of Food System For The Future Institute?

Ertharin Cousin is the President & Ceo of Food System For The Future Institute. The CEO's salary of Food System For The Future Institute is $12,000 and their total compensation is $12,000.

What is the revenue of Food System For The Future Institute?

Food System For The Future Institute's revenue in 2022 was $660,884.

Who are the executives of Food System For The Future Institute and what are their salaries?

The average compensation at Food System For The Future Institute during 2022 was $23,387. There are 5 employees at Food System For The Future Institute.


Here are 4 key members and their salaries (Food System For The Future Institute's CEO's salary is $12,000 and their total compensation is $12,000):


Ertharin Cousin (President & Ceo)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Jim Casselberry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashby Monk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Food System For The Future Institute?

Food System For The Future Institute's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Food System For The Future Institute

The Food System for the Future Institute is dedicated to supporting and empowering innovative, market-driven food and agriculture businesses. Its mission is to help these enterprises achieve sustainable, measurable, and financially prosperous improvements in nutrition outcomes for underserved and low-income communities. By investing in and providing services to these ventures, the Food System for the Future Institute aims to make a significant impact on nutritional wellbeing within these communities.

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Impact




July, 2024

Food Systems for the Future Institute's impact can be seen in its efforts to invest in and support innovative food and agriculture enterprises. By focusing on sustainable and market-driven approaches, the institute aims to measurably improve nutrition outcomes for underserved and low-income communities. Through its work in Chicago, Illinois, the institute is contributing to the development of a more equitable and resilient food system that addresses the needs of vulnerable populations. Their mission reflects a commitment to supporting initiatives that not only drive profit but also create positive social change by enhancing access to nutritious food options for communities in need.




This information is meant to be a general summary of Food System For The Future Institute. 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.

Revenue
$660,884 (2022)
Expenses
$835,573 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $884
  • Gross Receipts: $660,884

Assets and Liabilities:

  • Total Assets: $270,071
  • Total Liabilities: $79,913
  • Net Assets: $190,158

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Organization Details

Founding Year

2019

Principal Officer

Ertharin Cousin

Main Address

180 N STETSON AVE 14TH FLOOR, CHICAGO, IL, 60601

NTEE Category

Code: K02 - Food

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