Grain Foods Foundation
- Assets
- $4.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 10/2004
- Data as of
- 08/2023
- EIN
- 20-1329442
Organization Overview
Grain Foods Foundation is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2023, Grain Foods Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grain Foods Foundation 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 08/2023, Grain Foods Foundation generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.2m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (7.1%) 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
MEMBERS OF THE MILLING, BAKING AND SUPPORTING ALLIED INDUSTRIES DEDICATED TO ADVANCING THE PUBLIC'S UNDERSTANDING OF THE BENEFICIAL ROLE GRAIN-BASED FOODS PLAY IN THE HUMAN DIET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FY23 BROUGHT THE STRATEGIC PLANNING PROCESS TO GFF. THE NEW PLAN WAS ROLLED OUT TO MEMBERS IN MAY, 2023, AND WORK DEPLOYING THE PLAN BEGAN IMMEDIATELY. THE FOUNDATION ORGANIZED ITS MISSION INTO FIVE STRATEGIC PILLARS: RESEARCH, EXPERTS, COMMUNICATIONS, REVENUE, AND OPERATIONS. UNDER THE RESEARCH PILLAR, THE FOUNDATION EXECUTED ITS FIRST COMPETITIVE NUTRITION SCIENCE RESEARCH FUNDING OPPORTUNITY AND BEGAN WORK TOWARD AN INAUGURAL CONSUMER INSIGHTS PROJECT. THE EXPERTS PILLAR BROUGHT ATTENTION TO GFF'S 10-MEMBER SCIENTIFIC ADVISORY BOARD AND OTHER STRATEGIC PARTNERSHIPS GATHERING BOTH RESEARCHERS AND CLINICIANS FOR STRATEGIC COUNSEL AROUND THE LATEST GRAINS-FOCUSED NUTRITION SCIENCE AND CRAFTING MESSAGES FOR FOUNDATION TARGET AUDIENCES BASED ON THAT SCIENCE. IN COMMUNICATIONS, GFF CONTINUED TO INVEST IN AUDIENCE GROWTH ACROSS SOCIAL PLATFORMS AND AMONG MEMBER AUDIENCES, PARTICULARLY. THE FOUNDATION ALSO UNDERTOOK PARTNERSHIP PROJECTS WITH OTHER SCIENCE-BASED, FOOD-FOCUSED GROUPS WHICH WOULD MULTIPLY AUDIENCES EXPOSED TO RESOURCES WHICH INCLUDED GRAINS-POSITIVE MESSAGING. THE FOUNDATION SAW INCREASED MEMBER DUES COMMITMENTS DUE TO THE MOMENTUM AROUND THE STRATEGIC PLAN AND CONTINUED TO SEEK OPERATIONAL EXCELLENCE, ALSO EMPHASIZED IN THE PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Ball Executive Director | OfficerTrustee | 40 | $204,000 |
Jim Meyer Treasurer | OfficerTrustee | 1 | $0 |
G Michael Gude Trustee | Trustee | 1 | $0 |
Trey Sebus Trustee | Trustee | 1 | $0 |
Tony Martin Trustee | Trustee | 1 | $0 |
Kirk Stehr Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Cyphers Agency Inc Program Consulting | 8/30/22 | $221,744 |
Michael Torrey Associates Llc Program Consulting | 8/30/22 | $168,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,033,447 |
| 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 | $2,033,447 |
| Total Program Service Revenue | $0 |
| Investment income | $184,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,815 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,195,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,365 |
| 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. | $204,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,777 |
| Fees for services: Accounting | $55,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $114,000 |
| Fees for services: Investment Management | $27,811 |
| Fees for services: Other | $384,776 |
| Advertising and promotion | $44,735 |
| Office expenses | $7,622 |
| Information technology | $14,459 |
| Royalties | $0 |
| Occupancy | $869 |
| Travel | $55,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,804 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,127 |
| Insurance | $13,072 |
| All other expenses | $0 |
| Total functional expenses | $1,227,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,030,451 |
| Savings and temporary cash investments | $3,070,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,000 |
| 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 | $7,812 |
| Net Land, buildings, and equipment | $32,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,162,588 |
| Accounts payable and accrued expenses | $33,705 |
| Grants payable | $0 |
| 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 | $33,705 |
| Net assets without donor restrictions | $3,878,883 |
| Net assets with donor restrictions | $250,000 |
| 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 | $4,162,588 |