Food Systems For The Future Institute
- Assets
- $286.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2023
- EIN
- 85-0558470
Organization Overview
Food Systems For The Future Institute is located in Chicago, IL. According to its NTEE Classification (K02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Food Systems For The Future Institute employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Systems For The Future Institute 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, Food Systems For The Future Institute generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 58.8% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. 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
FOOD SYSTEMS FOR THE FUTURE INVESTS IN AND PROVIDES SERVICES TO INNOVATIVE, MARKET-DRIVEN FOOD AND AGRICULTURE ENTERPRISES TO SUSTAINABLY, MEASURABLY, AND PROFITABLY IMPROVE NUTRITION OUTCOMES FOR TARGETED UNDERSERVED AND LOW INCOME COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD SYSTEMS FOR THE FUTURE INVESTS IN AND PROVIDES SERVICES TO INNOVATIVE, MARKET-DRIVEN FOOD AND AGRICULTURE ENTERPRISES TO SUSTAINABLY, MEASURABLY, AND PROFITABLY IMPROVE NUTRITION OUTCOMES FOR TARGETED UNDERSERVED AND LOW INCOME COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Franz Vice President | Trustee | 40 | $102,000 |
Ertharin Cousin President & CEO | Officer | 50 | $66,000 |
Jim Casselberry Director | Trustee | 5 | $0 |
Barry Adams Director | Trustee | 5 | $0 |
Ashby Monk Director | Trustee | 5 | $0 |
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 | $861,100 |
| Noncash contributions included in lines 1a–1f | $34,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $861,100 |
| Total Program Service Revenue | $0 |
| Investment income | $3,552 |
| 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 | $1,224,652 |
| 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. | $168,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $406,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,267 |
| Fees for services: Accounting | $19,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $545,562 |
| Advertising and promotion | $1,434 |
| Office expenses | $8,854 |
| Information technology | $26,382 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,143 |
| 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 | $1,965 |
| Insurance | $403 |
| All other expenses | $0 |
| Total functional expenses | $1,392,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,732 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,350 |
| 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 | $8,626 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $286,708 |
| Accounts payable and accrued expenses | $207,810 |
| 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 | $56,250 |
| Other liabilities | $0 |
| Total liabilities | $264,060 |
| Net assets without donor restrictions | $22,648 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $286,708 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Food Systems For The Future Institute Chicago, IL | $286,708 | $1,224,652 |
Foodservice Consultants Society International Louisville, KY | $63,797 | $130,049 |
Kentucky Pest Control Educational Fund Lexington, KY | $40,060 | $0 |
Illinois Farmers Market Association Nfp North Aurora, IL | $54,526 | $0 |
Purchase Farm Analysis Group Inc Mayfield, KY | $69,109 | $0 |
Shelby County Agricultural Development Foundation Inc Shelbyville, KY | $3,961 | $0 |