Foundation For Meat And Poultry Research And Education
- Assets
- $2.3m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 11/1994
- Data as of
- 12/2023
- EIN
- 54-1734274
Organization Overview
Foundation For Meat And Poultry Research And Education is located in Arlington, VA. The organization was established in 1994. According to its NTEE Classification (U11) the organization is classified as: Single Organization Support, 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. Foundation For Meat And Poultry Research And Education 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, Foundation For Meat And Poultry Research And Education generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $4.8m during the year ending 12/2023. While expenses have increased by 10.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAM: EDUCATIONAL WORKSHOPS AND SEMINARS ON NEW ISSUES AND DEVELOPMENTS WITHIN THE MEAT INDUSTRY.
BEEF BOARD: THE OPERATING COMMITTEE OF THE BEEF BOARD CONTRACTS WITH THE FOUNDATION TO OVERSEE AND ADMINISTER APPLIED RESEARCH RELATED TO THE POST-HARVEST SAFETY OF U.S. BEEF PRODUCTS AND DISSEMINATE THE RESEARCH AND OTHER SCIENTIFIC INFORMATION TO BEEF PROCESSORS. FOUNDATION ACTIVITIES PROVIDE PRACTICAL, SCIENCE-BASED RESEARCH THAT CAN BE USED BY IN-PLANT PERSONNEL AND OTHERS TO ENSURE THE SAFETY OF THE SUPPLY. THE FOUNDATION OVERSEES A PANEL OF INDUSTRY AND ACADEMIC EXPERTS AND PRACTITIONERS TO ESTABLISH RESEARCH PRIORITIES AND EVALUATE PROPOSALS. BASED UPON THEIR RECOMMENDATIONS, RESEARCH CONTRACTS ARE AWARDED BASED ON MERIT AND PRIORITY NEED. AFTER THE AWARD, FOUNDATION STAFF CLOSELY MONITOR THE RESEARCH CONTRACTS TO ENSURE TIMELY AND COMPLETE RESEARCH WORK PRODUCTS ARE AVAILABLE FOR DISTRIBUTION TO THE INDUSTRY. DISSEMINATION OF RESEARCH RESULTS AND OTHER SCIENTIFIC INFORMATION IS ALSO UNDERTAKEN BY FOUNDATION STAFF. THE BEEF BOARD REIMBURSES THE FOUNDATION FOR THE DIRECT COSTS OF THE RESEARCH CONTRACTS AND DISSEMINATION ACTIVITIES. IN ADDITION, ADMINISTRATIVE AND MANAGEMENT COSTS INCURRED BY THE FOUNDATION TO ADMINISTER THE RESEARCH AND COMMUNICATION PROGRAMS ARE ALSO REIMBURSED. BY LAW, THE OPERATING COMMITTEE AND THE BEEF BOARD CONTRACT WITH ESTABLISHED NATIONAL, NONPROFIT, INDUSTRY-GOVERNED ORGANIZATIONS LIKE THE FOUNDATION TO IMPLEMENT PROGRAMS OF PROMOTION, RESEARCH, CONSUMER INFORMATION, INDUSTRY INFORMATION, FOREIGN MARKETING AND PRODUCER COMMUNICATIONS. CONTRACTORS ARE REIMBURSED ONLY FOR THE WORK THEY ACTUALLY DO FOR THE BEEF BOARD AND ARE NOT ALLOWED TO MAKE A PROFIT FROM A CHECKOFF CONTRACT. CHECKOFF FUNDS CANNOT BE USED TO INFLUENCE GOVERNMENT POLICY OR ACTION, INCLUDING LOBBYING.
FOUNDATION RESEARCH: FOUNDATION RESEARCH INCLUDES THE COSTS INCURRED FROM CONTRACTED RESEARCH PROJECTS. THESE PROJECTS ARE REVIEWED AND RECOMMENDED BY THE FOUNDATION'S RESEARCH ADVISORY COMMITTEE AND APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Anna Potts Chair | OfficerTrustee | 1.69 | $0 |
Kevin Addesso Board Member | Trustee | 0.5 | $0 |
Al Almanza Board Member | Trustee | 0.5 | $0 |
Jonathan Amidei Board Member | Trustee | 0.5 | $0 |
Tim Arndt Board Member | Trustee | 0.5 | $0 |
Stephanie Benson Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New York Beef Council Programming And Promotion | 12/30/23 | $274,188 |
Board Of Regents Of University Research | 12/30/23 | $209,824 |
Usda Agricultural Research Se Research | 12/30/23 | $179,175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $289,134 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,797,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,087,108 |
| Total Program Service Revenue | $2,332,321 |
| Investment income | $4,867 |
| 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 | $4,424,296 |
| 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. | $161,826 |
| Compensation of current officers, directors, key employees. | $161,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $703,528 |
| Pension plan accruals and contributions | $6,007 |
| Other employee benefits | $2,156 |
| Payroll taxes | $12,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,164,146 |
| Advertising and promotion | $51,722 |
| Office expenses | $24,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,690 |
| Travel | $122,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $595,719 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,920 |
| All other expenses | $741 |
| Total functional expenses | $4,831,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,000 |
| Savings and temporary cash investments | $918,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $151,237 |
| 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 | $56,440 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $947,387 |
| Total assets | $2,323,943 |
| Accounts payable and accrued expenses | $39,972 |
| Grants payable | $0 |
| Deferred revenue | $935,631 |
| 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 | $975,603 |
| Net assets without donor restrictions | $898,260 |
| Net assets with donor restrictions | $450,080 |
| 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 | $2,323,943 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Meat And Poultry Research And Education Arlington, VA | $2,323,943 | $4,424,296 |
Aip Foundation College Park, MD | $18,690,997 | $2,664,186 |
University Of Virginia Engineering Foundation Inc Charlottesville, VA | $70,082,326 | $3,888,782 |
American Association For Anatomy Rockville, MD | $14,091,138 | $3,223,094 |
Silverlining Inc Washington, DC | $1,454,413 | $2,764,182 |
Association Of Sea Grant Program Institutions Raleigh, NC | $675,256 | $211,579 |
Cave Research Foundation Inc Cave City, KY | $1,470,084 | $241,650 |
Abet Foundation Inc Baltimore, MD | $377,588 | $0 |
National Institute Of Aerospace Foundation Hampton, VA | $0 | $721 |
Financial Technology & Cybersecurity Center Inc Ashburn, VA | $183 | $7,550 |