Oldways Preservation & Exchange Trust Inc is located in Boston, MA. The organization was established in 1990. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, Oldways Preservation & Exchange Trust Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oldways Preservation & Exchange Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Oldways Preservation & Exchange Trust Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND PROMOTE HEALTHFUL, TRADITIONAL AND SUSTAINABLE EATING AND DRINKING CHOICES, AND HEALTHY LIFESTYLES THROUGH SCIENTIFIC AND EDUCATIONAL PROGRAMS, WITH CONFERENCES AND PUBLICATIONS FOR CONSUMERS, MEDIA AND HEALTH PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OLDWAYS CULINARIAS ARE CULINARY AND CULTURAL EXPLORATIONS, INTENDED TO PROVIDE INFORMATION AND INSPIRE PARTICIPANTS TO EMBRACE THE HEALTHY AND SUSTAINABLE JOYS OF CULTURAL FOOD TRADITIONS. THESE EDUCATIONAL TRIPS INCLUDE ACCLAIMED CHEFS, FOOD EXPERTS, FOOD PRODUCERS, AND ARE CAREFULLY CURATED WEEK-LONG ITINERARIES FILLED WITH UNFORGETTABLE CULTURAL AND CULINARY LEARNING EXPERIENCES. DURING FY 2023, WE ORGANIZED THREE CULINARIAS: NAPLES AND AMALFI, ITALY IN OCTOBER 2022 WITH 25 PARTICIPANTS; SAN SEBASTIAN, SPAIN IN MARCH 2023, WITH 42 PARTICIPANTS; AND THE TURKISH AEGEAN AND ISTANBUL IN APRIL/MAY 2023 WITH 24 PARTICIPANTS.
ALL OF OLDWAYS PROGRAMS WORK TOWARD THE MISSION OF INSPIRING PEOPLE TO EMBRACE THE HEALTHY AND SUSTAINABLE JOYS OF CULTURAL FOOD TRADITIONS, WORK THAT HAS BEEN AHEAD OF THE CURVE FOR 32 YEARS. THE MEDITERRANEAN DIET PROGRAM WAS OLDWAYS FIRST PROGRAM, AS WE INTRODUCED THE HEALTH PROFILE, FOODS AND RECIPES OF THE MEDITERRANEAN DIET TO A US AUDIENCE, BEGINNING IN 1993. WE HAVE CREATED A WIDE VARIETY OF RESOURCES TO DO THIS, INCLUDING A 4-WEEK MENU OF MEDITERRANEAN DISHES. SIMILAR TO THE MEDITERRANEAN PROGRAM, WE PROVIDE INFORMATION AND A NUMBER OF RESOURCES ABOUT ASIAN AND LATIN AMERICAN CULTURAL MODELS FOR HEALTHY EATING. ALSO, OLDWAYS HAS A CURRICULUM TO TEACH THE TRADITIONAL LATIN AMERICAN DIET A TASTE OF LATIN AMERICAN HERITAGE. THE PLANT FORWARD PLATES PROGRAM CREATED A SEVEN-DAY VEGAN MENU (SCALED TO 25, 50, 75 AND 100 PORTIONS) FOR HOSPITALS AND OTHER INSTITUTIONS. THE OLDWAYS CHEESE COALITION IS AN OLDWAYS PROGRAM WITH 40 MEMBERS, DESIGNED TO INSPIRE PEOPLE TO EMBRACE THE JOYS OF THE OLD WAYS OF EATING TRADITIONAL CHEESES IN HEALTHY AMOUNTS, INCLUDING NEWSLETTERS, EVENTS AND SOCIAL MEDIA.
FOR WHOLE GRAINS MONTH IN SEPTEMBER 2022, THE WHOLE GRAINS COUNCIL HOSTED A MONTH-LONG WHOLE GRAIN CELEBRATION, RECRUITING MEMBER COMPANIES TO DONATE 320+ CASES OF WHOLE GRAIN PRODUCT TO A NOMINATED CHARITY. IN MARCH 2023, THE WGC CELEBRATED WHOLE DAY FOR WHOLE GRAIN ENGAGING HUNDREDS OF PARTNER ORGANIZATIONS ACROSS THE COUNTRY TO HOST EVENTS AND POST ON SOCIAL MEDIA. IN ADDITION TO THESE ANNUAL EDUCATIONAL CAMPAIGNS, THE WGC CONTINUALLY PROVIDES EDUCATIONAL RESOURCES ABOUT WHOLE GRAINS SCIENTIFIC, PRACTICAL, CULINARY, AND NUTRITIONAL TO HELP CONSUMERS FIND, COOK, AND CONSUME WHOLE GRAINS. THE WGC CONTINUES TO SUPPORT ITS MISSION AND ITS APPROXIMATELY 350 MEMBERS BY WORKING CLOSELY WITH REGULATORS AND INTERNATIONAL WHOLE GRAIN ORGANIZATIONS.
THE AFRICAN HERITAGE AND HEALTH PROGRAM IS FOCUSED ON BRINGING THE HEALTHY CULINARY TRADITIONS OF THE AFRICAN DIASPORA -- THE AFRICAN HERITAGE DIET -- TO AN AMERICAN AUDIENCE. THE AFRICAN HERITAGE DIET IS A WAY OF EATING BASED ON THE HEALTHY FOOD TRADITIONS OF PEOPLE WITH AFRICAN ROOTS. THIS HEALTHY WAY OF EATING IS POWERFULLY NUTRITIOUS AND DELICIOUS, AND NATURALLY MEETS THE GUIDELINES EXPERTS RECOMMEND FOR SUPPORTING GOOD HEALTH. OLDWAYS HAS CREATED A NUMBER OF RESOURCES TO DO THIS, INCLUDING TWO CURRICULA TO TEACH THE AFRICAN HERITAGE DIET: A TASTE OF AFRICAN HERITAGE AND A CHILDREN'S TASTE OF AFRICAN HERITAGE PLUS A DIGITAL VERSION OF A TASTE OF AFRICAN HERITAGE. THERE ARE ALSO A NUMBER OF ONLINE RESOURCES THAT CAN BE DOWNLOADED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sara Baer-Sinnott Pres/clerk/exec Dir | OfficerTrustee | 40 | $202,922 |
Philip Meldrum Treasurer | OfficerTrustee | 2 | $0 |
Jesse Z Cool Vice Chair | OfficerTrustee | 2 | $0 |
George Gendron Director | Trustee | 2 | $0 |
Ana Sortun Director | Trustee | 2 | $0 |
Catherine Strange Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,145,800 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $59,623 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,205,423 |
Total Program Service Revenue | $573,966 |
Investment income | $15,749 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $3,617 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,798,755 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
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. | $221,633 |
Compensation of current officers, directors, key employees. | $48,759 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $607,988 |
Pension plan accruals and contributions | $56,227 |
Other employee benefits | $35,161 |
Payroll taxes | $25,521 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,352 |
Fees for services: Accounting | $73,152 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $4,165 |
Fees for services: Other | $64,341 |
Advertising and promotion | $1,906 |
Office expenses | $65,036 |
Information technology | $2,577 |
Royalties | $0 |
Occupancy | $118,880 |
Travel | $311,413 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $90,430 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,474 |
Insurance | $10,583 |
All other expenses | $25,438 |
Total functional expenses | $1,733,777 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $478,619 |
Savings and temporary cash investments | $117,649 |
Pledges and grants receivable | $59,800 |
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 | $102,067 |
Net Land, buildings, and equipment | $166,402 |
Investments—publicly traded securities | $485,991 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $12,000 |
Total assets | $1,422,528 |
Accounts payable and accrued expenses | $204,475 |
Grants payable | $0 |
Deferred revenue | $77,255 |
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 | $281,730 |
Net assets without donor restrictions | $580,166 |
Net assets with donor restrictions | $560,632 |
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 | $1,422,528 |