World Food Prize Foundation
- Assets
- $59.0m
- Revenue
- $4.6m
- Investments
- $35.9m
- Employees
- 0
- Location
- Urbandale, IA
- Founding
- 08/1991
- Data as of
- 12/2023
- EIN
- 42-1356715
Organization Overview
World Food Prize Foundation is located in Urbandale, IA. The organization was established in 1991. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Food Prize 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 12/2023, World Food Prize Foundation generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $6.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WORLD FOOD PRIZE - THE SELECTION PROCESS TO DETERMINE THE RECIPIENT OF THE PRIZE INCLUDING MEETINGS, CONVENTIONS, AND PROMOTIONAL ACTIVITIES.
BORLAUG DIALOGUE INTERNATIONAL SYMPOSIUM - MEETING OF INTERNATIONAL LEADERS TO ADDRESS THE MOST CRITICAL ISSUES FACING GLOBAL FOOD SECURITY.
GLOBAL YOUTH INSTITUTE - HIGH SCHOOL STUDENT DELEGATES LEARN AND SHARE IDEAS INVOLVING FOOD SECURITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Schickler Chairman | 0.1 | $0 | |
Terry Branstad President | 45 | $348,269 | |
Mashal Husain Vice President | 40 | $257,104 | |
Rachel Ruan Mclean Secretary | 5 | $0 | |
John Ruan IV Treasurer | 5 | $0 | |
Cynthia Milligan Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,778,748 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,261,224 |
| Net Rental Income | $209,473 |
| Net Gain on Sale of Assets | -$2,130,065 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $431,118 |
| Total Revenue | $4,550,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $758,181 |
| Other employee salaries and wages | $1,011,206 |
| Pension plans, employee benefits | $232,165 |
| Interest | $3,014 |
| Taxes | $13,472 |
| Depreciation | $806,790 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $192,813 |
| Printing and publications | $119,979 |
| Other expenses | $2,808,412 |
| Total operating and administrative expenses | $6,135,225 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $6,635,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,761 |
| Savings and temporary cash investments | $506,070 |
| Net Accounts receivable | $389,656 |
| Net Pledges Receivable | $1,685,029 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $120,863 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $19,990,455 |
| Other assets | $0 |
| Total assets | $58,989,501 |
| Accounts payable and accrued expenses | $1,079,811 |
| Grants payable | $0 |
| Deferred revenue | $46,250 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,126,061 |
Grants Awarded
Over the last fiscal year, World Food Prize Foundation has awarded $500,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SHAKUNTALA THILSTED PURPOSE: 2021 WORLD FOOD PRIZE LAUREATE | $250,000 |
RATTAN LAL PURPOSE: 2020 WORLD FOOD PRIZE LAUREATE | $250,000 |