Good Food Institute Inc
- Assets
- $59.7m
- Revenue
- $43.5m
- Investments
- $0.0
- Employees
- 103
- Location
- Arlington, VA
- Founding
- 04/2016
- Data as of
- 12/2021
- 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 12/2021, Good Food Institute Inc employed 103 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 12/2021, Good Food Institute Inc generated $43.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.5% each year . All expenses for the organization totaled $17.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Good Food Institute Inc has awarded 34 individual grants totaling $5,639,858. 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
2021
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 LEVERAGING GOVERNMENT RESOURCES TO ACCELERATE PROGRESS. THE POLICY TEAM DIRECTS TWO PRIMARY INITIATIVES: EDUCATING PUBLIC INSTITUTIONS, AND ENGAGING WITH NONPROFIT ORGANIZATIONS TO SUPPORT POLICY OBJECTIVES. THE POLICY DEPARTMENT ALSO USES IMPACT LITIGATION AS A STRATEGIC TOOL WHERE WARRANTED.
COMMUNICATIONS - GFI'S COMMUNICATIONS DEPARTMENT WORKS TO ENSURE THAT GFI'S WORK ACROSS THE OTHER PROGRAMMATIC DEPARTMENTS ACHIEVES MAXIMUM IMPACT AND POSITIONS GFI AS A THOUGHT LEADER IN THE ALTERNATIVE PROTEIN SPACE. THE COMMUNICATIONS TEAM SECURES MEDIA ATTENTION FOR MISSION-ALIGNED COMPANIES, FOR THE SCIENCE OF ALTERNATIVE PROTEINS GENERALLY, FOR GFI'S REGULATORY AND STATUTORY WORK, AND FOR GFI'S CORPORATE ENGAGEMENT EFFORTS, THEREBY SUPPORTING THE WORK OF GFI. COMMUNICATIONS DRIVES THE CONVERSATION ABOUT INNOVATIVE ALTERNATIVES TO INDUSTRIAL ANIMAL AGRICULTURE ON SOCIAL MEDIA, INSERTS GFI EXPERTS INTO THE CONVERSATION AT KEY CONFERENCES, AND MAINTAINS A WEBSITE THAT SERVES AS THE WEB'S CENTRAL HUB FOR INFORMATION RELATED TO ALTERNATIVE PROTEIN RESEARCH AND INNOVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Friedrich President, Treasurer, CEO | OfficerTrustee | 40 | $129,665 |
Sarah David Secretary, General Counsel&vp-Admin | Officer | 40 | $125,995 |
Jessica Almy VP - Policy | 40 | $117,204 | |
Susan Mccausland-Halteman VP - Development | 40 | $113,770 | |
Elizabeth Specht VP - Science And Technology | 40 | $109,107 | |
Sheila Voss VP - Communications | 40 | $103,654 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mauve Corporate Systems Uk Peo | 12/30/21 | $135,751 |
Van Scoyoc Associates Lobbying Services | 12/30/21 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $959,910 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,976,773 |
| Noncash contributions included in lines 1a–1f | $1,333,910 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,936,683 |
| Total Program Service Revenue | $322,997 |
| Investment income | $148,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,262 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,468,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,678,348 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,378,352 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $273,402 |
| Compensation of current officers, directors, key employees. | $139,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,375,588 |
| Pension plan accruals and contributions | $77,776 |
| Other employee benefits | $775,886 |
| Payroll taxes | $516,188 |
| Fees for services: Management | $51,801 |
| Fees for services: Legal | $32,847 |
| Fees for services: Accounting | $124,410 |
| Fees for services: Lobbying | $325,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,682,109 |
| Advertising and promotion | $11,852 |
| Office expenses | $127,998 |
| Information technology | $4,516 |
| Royalties | $0 |
| Occupancy | $133,227 |
| Travel | $52,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165,012 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,780 |
| Insurance | $65,656 |
| All other expenses | $635 |
| Total functional expenses | $17,034,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,272,837 |
| Savings and temporary cash investments | $19,785,675 |
| Pledges and grants receivable | $15,188,430 |
| 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 | $291,927 |
| Net Land, buildings, and equipment | $8,578 |
| Investments—publicly traded securities | $22,150,162 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,697,609 |
| Accounts payable and accrued expenses | $897,385 |
| Grants payable | $4,300,726 |
| 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 | $5,198,111 |
| Net assets without donor restrictions | $35,788,267 |
| Net assets with donor restrictions | $18,711,231 |
| 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 | $59,697,609 |
Grants Awarded
Over the last fiscal year, Good Food Institute Inc has awarded $2,677,348 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
DEFINED BIOSCIENCE INC PURPOSE: MULTIPLE MEDIA FORMULATIONS FOR CELL IDENTITY WITH APPLICABILITY ACROSS SEAFOOD CULTURE SPACE | $250,000 |
UNIVERSITY OF CONNECTICUT HEALTH CENTER PURPOSE: HIGH THROUGHPUT PRODUCTION OF HIGHLY-ORGANIZED THICK MEAT CONSTRUCTS THROUGH MULTICOMPARTMENTAL BIOPRINTING | $250,000 |
Sarasota, FL PURPOSE: ADVANCING CULTIVATED SEAFOOD DEVELOPMENT: CELL CHARACTERIZATION, MYOGENESIS AND CELL EXPANSION | $250,000 |
Evanston, IL PURPOSE: LOW COST CHEMICALLY DEFINED, GMO-FREE ANIMAL IPSC GENERATION, CULTURE AND SKELETAL MUSCLE DIFFERENTIATION | $250,000 |
Bethlehem, PA PURPOSE: DIVERSIFYING CULTIVATED MEATS THROUGH CONVERGENCE OF CELL SCAFFOLD DESIGN, SENSING, AND SCALABILITY | $249,998 |
PENNSYLVANIA STATE UNIVERSITY PURPOSE: INTEGRATED SOLUTION FOR BIOMANUFACTURING LARGE-VOLUME CELL-CULTURED MEAT - INSTALLMENT 2 | $249,976 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Good Food Institute Inc has recieved totaling $1,994,443.
| Awarding Organization | Amount |
|---|---|
Double Up Drive Inc Las Vegas, NV PURPOSE: Charitable Giving | $746,308 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $307,576 |
Rethink Charity Mineral, VA PURPOSE: ADVOCACY | $234,391 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $212,134 |
Animal Charity Evaluators Walnut, CA PURPOSE: RECOMMENDED CHARITY;SUPPORT MISSION | $155,609 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $83,883 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Food Marketplace Inc Arlington, VA | $65,228,565 | $28,864,637 |
U S Grains Council Washington, DC | $32,884,401 | $25,401,517 |
Good Food Institute Inc Arlington, VA | $59,697,609 | $43,468,835 |
U S Wheat Associates Inc Arlington, VA | $10,059,888 | $16,530,559 |
Croplife America Arlington, VA | $12,856,651 | $16,559,084 |
Farm Credit Council Washington, DC | $26,254,503 | $9,583,866 |
International Dairy Foods Association Washington, DC | $19,193,960 | $9,213,468 |
Fertilizer Institute Arlington, VA | $18,942,460 | $8,038,493 |
United Fresh Produce Association Washington, DC | $12,439,759 | $7,316,558 |
Council For Responsible Nutrition Washington, DC | $3,435,827 | $6,857,561 |
American Society For Nutrition Inc Rockville, MD | $12,388,621 | $7,002,312 |
Snac International Arlington, VA | $7,767,502 | $4,045,674 |