Fats & Proteins Research Foundation Inc
- Assets
- $1.4m
- Revenue
- $849.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 10/1964
- Data as of
- 09/2021
- EIN
- 36-2497869
Organization Overview
Fats & Proteins Research Foundation Inc is located in Alexandria, VA. The organization was established in 1964. According to its NTEE Classification (D05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fats & Proteins Research Foundation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, Fats & Proteins Research Foundation Inc generated $849.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $677.8k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fats & Proteins Research Foundation Inc has awarded 33 individual grants totaling $3,527,666. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN INSTITUTION WHICH WILL DIRECT AND MANAGE THE PROCESS WHEREBY RESEARCH IS INITIATED, PRIORITIZED, APPROVED, CONDUCTED AND CARRIED ON, RESULTS DISSEMINATED, AND FUNDED ON ANY ISSUES RELATING TO THE RENDERING INDUSTRY, AND TO COOPERATE, WHERE APPROPRIATE, WITH ANY OTHER INSTITUTIONS WITH SIMILAR GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS EXPANDED THE UTILIZATION OF ANIMAL BY-PRODUCTS BY PROVIDING MONEY IN THE FORM OF GRANTS FOR STUDIES CONDUCTED AT UNIVERSITIES AND RESEARCH INSTITUTIONS AND BY DISTRIBUTION OF THE RESULTS OF THOSE STUDIES. THE FOUNDATION HAS COMPLETED MORE THAN 650 RESEARCH PROJECTS. THE FOUNDATION'S RESEARCH HAS DOCUMENTED THE CONTINUED IMPROVEMENT IN THE RENDERING INDUSTRY'S PRODUCTS AS MEASURED BY BIO-AVAILABILITY, BIOSECURITY AND CONSISTENCY. THE FOUNDATION FUNDED NINE RESEARCH PROJECTS DURING THE FISCAL YEAR. IN ADDITION, THE FOUNDATION HAS CONTINUED TO FUND THE ANIMAL CO-PRODUCTS RESEARCH AND EDUCATION CENTER AT CLEMSON UNIVERSITY WHICH HELPS THE FOUNDATION CARRY OUT ITS MISSION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Carlson Chairman | OfficerTrustee | 2 | $0 |
Glenn Jensen Vice Chairman | OfficerTrustee | 2 | $0 |
Ansen Pond Treasurer | OfficerTrustee | 2 | $0 |
Dr David Meeker PHD MBA Director Of Research | Officer | 1 | $0 |
Nancy Foster President | Officer | 2 | $0 |
Kevin Baker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $847,236 |
| Investment income | $2,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $849,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $394,380 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $217,251 |
| Fees for services: Legal | $411 |
| Fees for services: Accounting | $17,581 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,157 |
| Information technology | $12,435 |
| Royalties | $0 |
| Occupancy | $14,582 |
| Travel | $2,391 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,094 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,630 |
| All other expenses | $0 |
| Total functional expenses | $677,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,094 |
| Savings and temporary cash investments | $770,371 |
| Pledges and grants receivable | $239,730 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $669 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,414,864 |
| Accounts payable and accrued expenses | $79,854 |
| Grants payable | $708,183 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $788,037 |
| Net assets without donor restrictions | $585,129 |
| Net assets with donor restrictions | $41,698 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,414,864 |
Grants Awarded
Over the last fiscal year, Fats & Proteins Research Foundation Inc has awarded $358,380 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMSON UNIVERSITY PURPOSE: RESEARCH | $211,538 |
UNIVERSITY OF MINNESOTA PURPOSE: RESEARCH | $74,692 |
FOUR RIVERS KENNEL LLC PURPOSE: RESEARCH | $72,150 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fats & Proteins Research Foundation Inc has recieved totaling $25,333.
| Awarding Organization | Amount |
|---|---|
Institute For Feed Education And Research Arlington, VA PURPOSE: RESEARCH IN ACCORDANCE WITH THE INSTITUTE'S MISSION. | $25,333 |
Endowment Analysis
| Beg. Balance | $131,313 |
| Net Contributions | $32,730 |
| Other Expense | $41,698 |
| Ending Balance | $122,345 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jane Goodall Institute For Wildlife Research Education & Conservation Washington, DC | $20,429,474 | $22,833,428 |
Human Animal Bond Research Foundation Washington, DC | $1,111,532 | $2,008,382 |
Mgvp Inc Baltimore, MD | $1,483,359 | $2,025,074 |
Fats & Proteins Research Foundation Inc Alexandria, VA | $1,414,864 | $849,356 |
Center For Humane Economy Inc Bethesda, MD | $352,841 | $667,923 |
District Of Columbia Academy Of Veterinary Medicine Inc Fairfax, VA | $1,258,152 | $420,168 |
Alkylphenols & Ethoxylates Research Council Inc Washington, DC | $219,636 | $164,337 |
Acvs Foundation Inc Germantown, MD | $4,491,733 | $504,287 |
Wildtrack Inc Durham, NC | $118,330 | $0 |
Queens Brigade Inc Lake Toxaway, NC | $32,484 | $0 |
Center For Pet Safety Reston, VA | $1,011 | $0 |
Wbfi Research Foundation West End, NC | $42,338 | $0 |