Good Food Institute Inc
- Assets
- $50.5m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 116
- Location
- Arlington, VA
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 81-0840578
Organization Overview
Good Food Institute Inc is located in Arlington, VA. The organization was established in 2016. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Good Food Institute Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Food Institute Inc 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, Good Food Institute Inc generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $22.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Good Food Institute Inc has awarded 42 individual grants totaling $7,108,680. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE DEVELOPING THE ROADMAP FOR A SUSTAINABLE, SECURE, AND JUST PROTEIN SUPPLY. WE IDENTIFY THE MOST EFFECTIVE SOLUTIONS, MOBILIZE RESOURCES AND TALENT, AND EMPOWER PARTNERS ACROSS THE FOOD SYSTEM TO MAKE ALTERNATIVE PROTEINS ACCESSIBLE, AFFORDABLE, AND DELICIOUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENCE AND TECHNOLOGY - GFI'S SCIENCE AND TECHNOLOGY DEPARTMENT ACCELERATES THE SCIENCE OF ALTERNATIVE PROTEIN TECHNOLOGIES. GFI'S SCIENTISTS ARE THE GLOBAL EXPERTS IN THIS SECTOR AND WORK TO ENSURE THAT A ROADMAP EXISTS FOR ALTERNATIVE PROTEIN INNOVATION, THAT THE BEST SCIENTISTS ARE ENGAGED IN RESEARCH AND DEVELOPMENT, AND THAT SIGNIFICANT FUNDS ARE DIRECTED TOWARD THE HIGHEST IMPACT AREAS OF ALTERNATIVE PROTEIN RESEARCH. GFI'S SCITECH TEAM IS FOCUSED ON THREE PRINCIPAL ACTIVITIES:1. ANALYZING CURRENT AND FUTURE TECHNICAL CHALLENGES AND IDENTIFYING THE MOST IMPORTANT RESEARCH AND COMMERCIALIZATION OPPORTUNITIES FOR ALTERNATIVE PROTEINS.2. MOBILIZING FUNDING FOR OPEN-ACCESS RESEARCH AND EARLY-STAGE COMMERCIALIZATION OF ALTERNATIVE PROTEINS.3. INSPIRING AND SUPPORTING THE NEXT GENERATION OF INNOVATORS IN THE ALTERNATIVE PROTEIN INDUSTRY.
POLICY - GFI'S POLICY DEPARTMENT IS FOCUSED ON REMOVING HURDLES TO ALTERNATIVE PROTEINS AND DELIVERING PUBLIC INVESTMENT TO ACCELERATE PROGRESS. THE POLICY TEAM PRIMARILY EDUCATES PUBLIC INSTITUTIONS, INCLUDING REGULATORS, AND ALSO ENGAGES WITH NONPROFIT ORGANIZATIONS AND USES IMPACT LITIGATION AS A STRATEGIC TOOL WHERE WARRANTED.
CORPORATE ENGAGEMENT - GFI'S CORPORATE ENGAGEMENT DEPARTMENT WORKS WITH COMPANIES AND INVESTORS ACROSS THE ALTERNATIVE PROTEIN INDUSTRY TO DRIVE INVESTMENT TO THE SECTOR, ACCELERATE ALTERNATIVE PROTEIN INNOVATION, AND SCALE THE INDUSTRY'S SUPPLY CHAIN. THE CORPORATE ENGAGEMENT TEAM'S WORK HELPS ENABLE FOOD INDUSTRY PARTNERS TO DEVELOP AND BRING TO MARKET ALTERNATIVE PROTEIN PRODUCTS THAT ARE AS ACCESSIBLE, AFFORDABLE, AND DELICIOUS AS CONVENTIONAL MEAT, EGGS, AND DAIRY. THE CORPORATE ENGAGEMENT TEAM ADVISES, EDUCATES, AND EMPOWERS COMPANIES IN ALL STAGES OF THE SUPPLY CHAIN, INCLUDING ENTREPRENEURS AND STARTUPS, INVESTORS, FOOD AND MEAT MANUFACTURERS, INGREDIENT COMPANIES, AND EQUIPMENT MANUFACTURERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Friedrich President And Founder | OfficerTrustee | 40 | $166,991 |
Vandhana Balasubramanian Director | Trustee | 2 | $0 |
Kathleen Freston Director | Trustee | 2 | $0 |
Cameron Icard Chair | OfficerTrustee | 3 | $0 |
Stewart David Director | Trustee | 2 | $0 |
Nabiha Basathia Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Accenture Strategic Planning | 12/30/22 | $242,500 |
Mauve Corporate Systems Australia Australia Peo | 12/30/22 | $146,866 |
Mauve Corporate Systems Uk Uk Peo | 12/30/22 | $153,238 |
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 | $15,432,490 |
| Noncash contributions included in lines 1a–1f | $454,622 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,432,490 |
| Total Program Service Revenue | $19,741 |
| Investment income | $202,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $59,934 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,833,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,457,427 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,953,834 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $493,698 |
| Compensation of current officers, directors, key employees. | $321,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,369,694 |
| Pension plan accruals and contributions | $304,035 |
| Other employee benefits | $992,867 |
| Payroll taxes | $727,561 |
| Fees for services: Management | $58,075 |
| Fees for services: Legal | $107,518 |
| Fees for services: Accounting | $170,417 |
| Fees for services: Lobbying | $408,521 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,247,816 |
| Advertising and promotion | $25,730 |
| Office expenses | $166,815 |
| Information technology | $7,488 |
| Royalties | $0 |
| Occupancy | $203,185 |
| Travel | $358,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $453,117 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,411 |
| Insurance | $47,921 |
| All other expenses | $0 |
| Total functional expenses | $22,760,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,527,116 |
| Savings and temporary cash investments | $1,760,148 |
| Pledges and grants receivable | $5,885,795 |
| Accounts receivable, net | $0 |
| 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 | $439,909 |
| Net Land, buildings, and equipment | $23,164 |
| Investments—publicly traded securities | $38,870,526 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,506,658 |
| Accounts payable and accrued expenses | $1,785,990 |
| Grants payable | $3,850,428 |
| 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 | $0 |
| Total liabilities | $5,636,418 |
| Net assets without donor restrictions | $37,739,966 |
| Net assets with donor restrictions | $7,130,274 |
| 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 | $50,506,658 |
Grants Awarded
Over the last fiscal year, Good Food Institute Inc has awarded $1,451,822 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CLIMATE ADVISERS PURPOSE: PUBLIC POLICY ADVOCACY CAMPAIGN TO US AND MULTILATERAL INSTITUTIONS TO PROMOTE ALTERNATIVE PROTEINS | $520,000 |
SAN DIEGO STATE UNIVERSITY RESEARCH FOUNDATION PURPOSE: GENERATING SEAFOOD FLAVOR FROM MACROALGAE PROTEIN HYDROLYSATES THROUGH MAILLARD REACTIONS | $203,784 |
TUFTS UNIVERSITY PURPOSE: CELLULAR AGRICULTURE RESEARCH PROGRAM SUPPORT | $90,000 |
PURDUE UNIVERSITY PURPOSE: ENZYMATIC TREATMENT OF HEMP FOR HIGHLY FUNCTIONAL PLANT-BASED MEAT INGREDIENT IN COMMERCIAL MANUFACTURING. EXPLORING COMBINATORIAL BIO-MANUFACTURING PROCESSES FOR AN ALTERNATIVE PROTEIN FOOD-BY-DESIGN SYSTEM | $230,000 |
UC REGENTS - UC DAVIS PURPOSE: CREATING IMMORTALIZED CHICKEN MUSCLE STEM CELL LINE WITH INDUCIBLE MYOGENIC REJUVENATION. SIMULTANEOUS MODELING OF CELL GROWTH AND HYDRODYNAMICS FOR OPTIMAL DESIGN AND OPERATION OF LARGE-SCALE BIOREACTORS | $158,038 |
UNIVERSITY OF IDAHO PURPOSE: REDUCE THE COST OF PLANT-BASED MEAT ANALOG WITHOUT AFFECTING ITS TEXTURE AND NUTRITION BY USING HYDROLYZED PEA PROTEINS PRODUCED FROM ENZYMATIC REACTIVE EXTRUSION (EREX) | $250,000 |