Chicago Section Of Food Technologists
- Assets
- $467.7k
- Revenue
- $99.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lombard, IL
- Founding
- 06/1944
- Data as of
- 08/2021
- EIN
- 36-6112616
Organization Overview
Chicago Section Of Food Technologists is located in Lombard, IL. The organization was established in 1944. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Section Of Food Technologists 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 08/2021, Chicago Section Of Food Technologists generated $99.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $177.7k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CULTIVATING A COMMUNITY WHERE PROFESSIONALS AND STUDENTS ASPIRE TO ENRICH THE CHICAGOLAND FOOD INDUSTRY THROUGH COLLABORATION, EDUCATION, AND NETWORKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD INDUSTRY SCHOLARSHIPS AND AWARDS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Gwinn Chair | OfficerTrustee | 1 | $0 |
David Condon Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Farrell Past Chair | OfficerTrustee | 1 | $0 |
Melissa Mcwethy Secretary | OfficerTrustee | 1 | $0 |
Lynnda Nelson Executive Director | Officer | 35 | $0 |
Ali Halalipour Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,430 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,855 |
| Total Program Service Revenue | $0 |
| Investment income | $3,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,096 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $599 |
| 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 | $131,130 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $230 |
| Advertising and promotion | $0 |
| Office expenses | $9,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,012 |
| All other expenses | $48 |
| Total functional expenses | $177,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,391 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $18,294 |
| 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 | $467,685 |
| Accounts payable and accrued expenses | $70,935 |
| Grants payable | $0 |
| Deferred revenue | $343,765 |
| 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 | $414,700 |
| Net assets without donor restrictions | $52,985 |
| Net assets with donor restrictions | $0 |
| 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 | $467,685 |
Grants Awarded
Over the last fiscal year, Chicago Section Of Food Technologists has awarded $82,360 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lombard, IL PURPOSE: EDUCATION | $76,860 |
IFT SCHOLARSHIP PURPOSE: EDUCATION | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Food Shippers Of America Inc Geneva, IL | $1,637,121 | $1,840,645 |
Boone County Fair Association Belvidere, IL | $3,013,747 | $1,687,537 |
Kinship Mke Inc Milwaukee, WI | $4,987,753 | $2,706,784 |
St Vincent De Paul Thrift Store Inc Marshfield, WI | $3,892,280 | $1,717,707 |
Farm Stew International Princeton, IL | $756,525 | $1,608,819 |
Angelic Organics Learning Center Inc Caledonia, IL | $2,139,499 | $1,069,053 |
Iowa Restaurant Association West Des Moines, IA | $289,803 | $784,480 |
Health Research Institute Fairfield, IA | $294,811 | $596,439 |
Cornucopia Institute Incorporated Viroqua, WI | $1,310,459 | $989,761 |
Louisville Grows Inc Louisville, KY | $561,055 | $787,169 |
Nourish Farms Inc Sheboygan Falls, WI | $2,156,397 | $713,835 |
Peoria County Farm Bureau Inc Peoria, IL | $3,279,212 | $641,599 |