Global Cold Chain Foundation
- Assets
- $1.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 10/1970
- Data as of
- 12/2022
- EIN
- 36-2181657
Organization Overview
Global Cold Chain Foundation is located in Arlington, VA. The organization was established in 1970. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Cold Chain Foundation 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 12/2022, Global Cold Chain Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AND SUPPORT SYSTEMS, NETWORKS, AND BEST-PRACTICES THROUGH RESEARCH AND EDUCATION WITHIN THE GLOBAL FOOD INDUSTRY AND AMONG TRADING PARTNERS FOR SAFE, EFFICIENT AND RELIABLE MOVEMENT OF FOOD TO THE PEOPLE OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL REFRIGERATION WAREHOUSE MANAGEMENT INSTITUTE FOR TRAINING APPROXIMATELY 383 MEMBERS.THE WFLO INSTITUTE PROGRAM WAS ABLE TO RESUME IN 2022 AFTER NOT BEING ABLE TO TAKE PLACE IN 2021 DUE TO COVID. THE FOLLOWING PROGRAMS TOOK PLACE THROUGHOUT THE YEAR - WFLO COLD CHAIN INSTITUTE WEST (TEMPE, AZ//JUNE/150 ATTENDEES), WFLO COLD CHAIN INSTITUTE EAST (ATLANTA, GA/JUNE/100 ATTENDEES), AND WFLO COLD CHAIN INSTITUTE LATIN AMERICA (MEXICO CITY, MEXICO/JULY/50 ATTENDEES). THE WFLO BOARD WAS ALSO ABLE TO MEET FACE-TO-FACE IN APRIL 2022 FOR THEIR ANNUAL STRATEGIC BOARD MEETING. IN ADDITION, WHILE GLOBAL TRAVEL FOR PROJECT WORK WAS SEVERELY LIMITED IN 2021, THAT WAS NOT THE CASE IN 2022 AS THE WORLD CONTINUED TO OPEN BACK UP AND THUS WFLO SAW AN INCREASED NUMBER OF TRAVEL OPPORTUNITIES TO CONDUCT PROJECT WORK ON THE GROUND IN MANY DIFFERENT COUNTRIES GLOBALLY.
OTHER PROGRAM SERVICES INCLUDING MEMBERSHIP AND INTERNATIONAL PROJECT DEVELOPMENT/MANAGEMENT.
MAINTAIN LIBRARY FOR RESEARCH QUESTIONS BY MEMBERS REGARDING REFRIDGERATION OF FOOD AND COMMODITIES.
RESEARCH AND DEVELOPMENT IN THE FIELD OF REFRIDGERATION OF FOOD AND COMMODITIES GLOBALLY.IN 2022 WFLO SUPPORTED 12 INTERNATIONAL DEVELOPMENT PROJECTS COVERING 16 COUNTRIES. WE SUCCESSFULLY LED AN EDUCATIONAL TWO COLD CHAIN STUDY TOURS FOR DELEGATIONS FROM THE DOMINICAN REPUBLIC TO THE USA AND MEXICO, COMPLETED COLD CHAIN TECHNICAL CAPACITY ASSESSMENTS IN NORTH AFRICA AND THAILAND. WE FINALIZED TWO FEASIBILITY STUDIES IN GHANA AND EGYPT, AND COMPLETED MULTIPLE TECHNICAL ASSISTANCE ACTIVITIES INCLUDING IN GEORGIA, EGYPT, CAMBODIA, AND BANGLADESH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Ott President And CEO | Officer | 8 | $0 |
Tom Poe Member | Trustee | 1 | $0 |
Angela Schmidt Member | Trustee | 1 | $0 |
Steve Tippmann Member | Trustee | 1 | $0 |
Michael Jahncke Member | Trustee | 1 | $0 |
Sam Charleston Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,293,963 |
| All other contributions, gifts, grants, and similar amounts not included above | $331,043 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,625,006 |
| Total Program Service Revenue | $989,420 |
| Investment income | $14,206 |
| 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 | $2,638,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,894,228 |
| Advertising and promotion | $0 |
| Office expenses | $13,824 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,219 |
| Travel | $179,154 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $367,042 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,783 |
| All other expenses | $0 |
| Total functional expenses | $2,661,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,002 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $619,860 |
| 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 | $161,539 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $860,635 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,661,036 |
| Accounts payable and accrued expenses | $805,980 |
| Grants payable | $0 |
| Deferred revenue | $130,780 |
| 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 | $936,760 |
| Net assets without donor restrictions | $683,619 |
| Net assets with donor restrictions | $40,657 |
| 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 | $1,661,036 |