World Food Prize Foundation
- Assets
- $73.7m
- Revenue
- $6.2m
- Investments
- $51.0m
- Employees
- 0
- Location
- Urbandale, IA
- Founding
- 08/1991
- Data as of
- 12/2021
- 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 12/2021, World Food Prize Foundation generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Stinson President | 45 | $287,500 | |
Mashal Husain Vice President | 40 | $143,208 | |
Keegan Kautzky Director Of Program | 40 | $99,660 | |
Ellen Franzenburg Director Of Internat | 40 | $63,360 | |
Nicole Prenger Director Of Communic | 40 | $62,145 | |
Kelsey Tyrrell Director Of Global E | 40 | $56,896 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,568,014 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,424,754 |
| Net Rental Income | $114,642 |
| Net Gain on Sale of Assets | $863,160 |
| Capital Gain Net Income | $863,160 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $221,633 |
| Total Revenue | $6,192,203 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,311,550 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $215,342 |
| Interest | $15,377 |
| Taxes | $46,266 |
| Depreciation | $819,323 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $78,290 |
| Printing and publications | $76,887 |
| Other expenses | $1,772,397 |
| Total operating and administrative expenses | $4,363,675 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $4,613,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,772 |
| Savings and temporary cash investments | $36,869 |
| Net Accounts receivable | $983,534 |
| Net Pledges Receivable | $204,591 |
| 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 | $86,210 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $21,388,840 |
| Other assets | $0 |
| Total assets | $73,712,928 |
| Accounts payable and accrued expenses | $772,054 |
| Grants payable | $0 |
| Deferred revenue | $42,153 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,569,533 |
| Total liabilities | $3,383,740 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Food Prize Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Wallace Genetic Foundation Ii Inc Washington, DC PURPOSE: GENERALOPERATINGSUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Morris Foundation Springfield, MO | $120,561,207 | $600,000 |
Roderick And Solange Macarthur Justice Center Niles, IL | $137,820,704 | $9,175,098 |
John C Proctor Endowment Peoria, IL | $3,704,865 | $6,462,862 |
Collective Impact Network Saint Louis, MO | $21,375,860 | $4,592,347 |
Wacosa Waite Park, MN | $12,140,309 | $9,104,818 |
Land Conservation Trust Of Southern Illinois Chicago, IL | $0 | $8,667,779 |
World Food Prize Foundation Urbandale, IA | $73,712,928 | $6,192,203 |
Center To Combat Human Trafficking Decatur, IL | $69,172,505 | $43,496,794 |
Chipstone Foundation Milwaukee, WI | $75,856,336 | $12,810,541 |
Fmc Aquatic Opportunities Chicago, IL | $22,984,375 | $1,955,015 |
Johnson Foundation Inc Racine, WI | $58,249,744 | $4,338,703 |
Jeffers Foundation Plymouth, MN | $13,209,879 | $451,010 |