50by40 Inc is located in Leawood, KS. As of 12/2022, 50by40 Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 50by40 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, 50by40 Inc generated $388.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $600.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A GLOBAL, COLLECTIVE IMPACT ORGANIZATION AIMING TO CUT THE GLOBAL PRODUCTION AND CONSUMPTION OF ANIMAL PRODUCTS BY 50% BY 2040.
Describe the Organization's Program Activity:
Part 3 - Line 4a
50BY40 NETWORKTHE 50BY40 NETWORK IS A GLOBAL CONSORTIUM FOCUSED ON OVERHAULING THE CURRENT FOOD SYSTEM. TARGETING INDUSTRIALIZED ANIMAL AGRICULTURE, THE INITIATIVE ASPIRES TO ACHIEVE A 50% REDUCTION IN PRODUCTION AND CONSUMPTION BY 2040. THIS IS CARRIED OUT THROUGH COLLABORATION WITH VARIOUS STAKEHOLDERS ACROSS THE GLOBE. STRATEGIES EMPLOYED INCLUDE THE PROMOTION OF PLANT-BASED AND LAB-GROWN MEAT ALTERNATIVES, ENDORSEMENT OF REGENERATIVE AGRICULTURAL PRACTICES, AND CAREFUL CONSIDERATION OF THE TRANSITION'S IMPACT ON EMPLOYMENT, PUBLIC HEALTH, ANIMAL WELFARE, AND ENVIRONMENTAL SUSTAINABILITY.
EVENTS50BY40 HOSTED AND PARTICIPATED IN SEVERAL EVENTS IN 2022 TO FURTHER THEIR MISSION OF TRANSFORMING GLOBAL FOOD SYSTEMS TO ADDRESS CLIMATE CHANGE AND PROMOTE SUSTAINABLE PRACTICES. IN 2022, 50BY40 LED SEVERAL SIGNIFICANT INITIATIVES AIMING TO RESHAPE GLOBAL FOOD SYSTEMS AND ADDRESS CLIMATE CHANGE. THEY HOSTED A VITAL PRESS CONFERENCE AT COP27, DISCUSSING THE ROLE OF FOOD SYSTEMS IN CLIMATE CHANGE MITIGATION AND THE STEPS LEADING UP TO COP28. A PANEL WAS ALSO ORGANIZED, IN COLLABORATION WITH WORLD ANIMAL PROTECTION, AT THE JUST TRANSITION FORUM IN ASIA 2022, FOCUSING ON THE IMPACT OF A JUST LIVESTOCK TRANSITION ON SMALL-HOLDER FARMERS. FURTHER, 50BY40 LAUNCHED A 'HOT-TOPIC' DISCUSSION SERIES AT THEIR 4TH STRATEGIC ANNUAL PARTNER GATHERING, EXAMINING THE JUXTAPOSITION OF THE ALT-PROTEIN MARKET AND THE VOICES FOR FOOD SOVEREIGNTY. THE ORGANIZATION ALSO HOSTED A HIGH-LEVEL ROUNDTABLE DINNER AT COP27, ENCOURAGING CANDID DISCUSSIONS ABOUT FINANCING AND POLICY INTERVENTIONS NEEDED FOR A JUST TRANSITION OF OUR FOOD SYSTEM.
WORKING GROUPSTHE PROGRAM FOCUSES ON CREATING A SUSTAINABLE GLOBAL FOOD SYSTEM THROUGH VARIOUS WORKING GROUPS. THESE GROUPS TACKLE PRESSING ISSUES AND COLLABORATE WITH PARTNERS TO INCREASE THEIR COLLECTIVE IMPACT.THE PROGRAM FOCUSES ON CREATING A SUSTAINABLE GLOBAL FOOD SYSTEM THROUGH VARIOUS WORKING GROUPS. THESE GROUPS TACKLE PRESSING ISSUES AND COLLABORATE WITH PARTNERS TO INCREASE THEIR COLLECTIVE IMPACT. THE PROGRAM'S THREE MAIN INITIATIVES INCLUDE, BUT NOT LIMITED TO:CLIMATE CHANGE: THIS INITIATIVE AIMS TO ADDRESS THE DEVASTATING EFFECTS OF CLIMATE CHANGE BY IMPROVING THE GLOBAL FOOD SYSTEM. IT DEVELOPS CAMPAIGNS, PROJECTS, AND GOVERNMENT POLICIES TO BRING ABOUT TANGIBLE, LONG-LASTING CHANGE AND SHIFT PUBLIC OPINION.CORPORATE ENGAGEMENT: THIS INITIATIVE RECOGNIZES THE SIGNIFICANT ROLE OF CORPORATIONS IN THE FOOD SYSTEM AND AIMS TO IMPROVE THEIR POLICIES FOR A POSITIVE IMPACT. IT DEVELOPS STRATEGIES AND METHODS TO ENGAGE AND INFLUENCE CORPORATE PRACTICES TO DRIVE CHANGE.HEALTH: THIS INITIATIVE FOCUSES ON THE NEGATIVE IMPACT OF ANIMAL AGRICULTURE ON PUBLIC HEALTH. BY BUILDING A BETTER GLOBAL FOOD SYSTEM, IT AIMS TO PROTECT AND IMPROVE REGIONAL, NATIONAL, AND INTERNATIONAL PUBLIC HEALTH.THROUGH THESE INITIATIVES, THE PROGRAM STRIVES TO CREATE A JUST TRANSITION IN ANIMAL AGRICULTURE, ENSURE FAIRNESS IN THE FOOD SYSTEM FOR MARGINALIZED COMMUNITIES, AND PROMOTE A SUSTAINABLE AND EQUITABLE FUTURE FOR ALL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charles Laue Board Chair/vice President | OfficerTrustee | 1 | $0 |
Lasse Bruun CEO & Board Vice Chair/vice Pres | OfficerTrustee | 40 | $120,000 |
Tom Conger Board Treasurer/secretary | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Charlotte Laura Fletcher Vp Of Development | 12/30/22 | $114,000 |
Lasse Bruun Ceo | 12/30/22 | $120,000 |
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 | $388,278 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $388,278 |
Total Program Service Revenue | $0 |
Investment income | $15 |
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 | $388,293 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $27,500 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $200,414 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $21,799 |
Fees for services: Management | $264,078 |
Fees for services: Legal | $625 |
Fees for services: Accounting | $10,100 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $3,929 |
Office expenses | $9,256 |
Information technology | $17,711 |
Royalties | $0 |
Occupancy | $0 |
Travel | $29,221 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $6,057 |
All other expenses | $0 |
Total functional expenses | $600,690 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $42,275 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $42,275 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
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 | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
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 | $42,275 |
Total liabilities and net assets/fund balances | $42,275 |