Feeding Tomorrow
- Assets
- $10.4m
- Revenue
- $595.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1988
- Data as of
- 08/2021
- EIN
- 36-3432464
Organization Overview
Feeding Tomorrow is located in Chicago, IL. The organization was established in 1988. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, 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. Feeding Tomorrow 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 08/2021, Feeding Tomorrow generated $595.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $416.2k during the year ending 08/2021. While expenses have increased by 0.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FEEDING TOMORROW PROMOTES SERVICE, EDUCATION, AND RESEARCH THAT ADVANCE GLOBAL ACCESS TO SAFE AND NUTRITIOUS FOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP, FELLOWSHIP & AWARDS PROGRAM: THE PROGRAM IS WITHIN THE MISSION OF THE FOUNDATION AS IT DISTRIBUTES FUNDS DEDICATED TO PROMOTE THE DEVELOPMENT OF FUTURE FOOD SCIENTISTS, THE EXCHANGE OF INFORMATION, COMMUNICATION AND EDUCATION AIMED AT IMPROVING THE FOOD SUPPLY AND ITS EFFECTIVE USE. THE FOUNDATION FUNDS UNDERGRADUATE SCHOLARSHIPS, GRADUATE FELLOWSHIPS AND RESEARCH GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christie Tarantino-Dean CEO | Officer | 2 | $0 |
Noel Anderson President | Officer | 2 | $0 |
Mark Barenie Sr Vice President And CFO | Officer | 2 | $0 |
Pam Coleman Immediate Past President | Officer | 22 | $0 |
Vickie Kloeris President-Elect | Officer | 2 | $0 |
Chris Findlay Treasurer | Officer | 2 | $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 | $198,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,096 |
| Total Program Service Revenue | $0 |
| Investment income | $261,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $136,382 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $595,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $141,920 |
| 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 | $12,118 |
| Fees for services: Accounting | $10,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,213 |
| Fees for services: Other | $65,005 |
| Advertising and promotion | $0 |
| Office expenses | $7,512 |
| Information technology | $2,610 |
| 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 | $11,589 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $416,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,868 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $480 |
| Accounts receivable, net | $5,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $21,822 |
| Investments—publicly traded securities | $10,033,239 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,404,409 |
| Accounts payable and accrued expenses | $20,984 |
| 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 | $19,226 |
| Total liabilities | $40,210 |
| Net assets without donor restrictions | $227,578 |
| Net assets with donor restrictions | $10,136,621 |
| 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 | $10,404,409 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Feeding Tomorrow has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Chicagoland Food Science Foundation Inc Lombard, IL PURPOSE: EDUCATION | $7,500 |
Endowment Analysis
| Beg. Balance | $8,839,456 |
| Earnings | $882,237 |
| Grants | $280,911 |
| Ending Balance | $9,440,782 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kent Corporation Charitable Foundation Muscatine, IA | $110,865 | $2,340,138 |
Hcfn Title Holding Corporation Kansas City, MO | $15,798,430 | $983,086 |
Wisconsin Restaurant Association Education Foundation Inc Madison, WI | $1,605,124 | $842,146 |
Kikkoman Foods Foundation Inc Walworth, WI | $10,054,783 | $1,155,966 |
Feeding Tomorrow Chicago, IL | $10,404,409 | $595,738 |
Bounce Back Of Indiana Inc Fort Wayne, IN | $230,746 | $228,918 |
Orland Township Food Pantry Fndn Orland Park, IL | $411,591 | $0 |
E Owen Keeler Charitable Trust Milwaukee, WI | $304,439 | $6,201 |
Logan County Fair Foundation Lincoln, IL | $143,712 | $0 |
Lifescape Community Services Foundation Nfp Rockford, IL | $1,531,175 | $149,601 |
George P Irwin Conservation Education Station Inc Salem, IL | $136,118 | $0 |
Dairy Business Foundation Inc Green Bay, WI | $0 | $0 |