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Filing year 2024

IFMA EDUCATIONAL FOUNDATION

Chicago, Illinois·EIN 23-7220674·NTEE K40P · Food, Agriculture & Nutrition·501(c)(3)
Total revenue
$499k
Total assets
$1.7M
Total expenses
$637k
Reported officers
8
Mission

PRIMARY PURPOSE IS TO FUND SCHOLARSHIPS AND SUPPORT CURRICULUM AND TRAINING PROGRAMS FOR PERSONS INTERESTED IN A CAREER IN THE FOODSERVICE INDUSTRY.

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Food, Agriculture & Nutrition organizations in Illinois.

Chief Financial Officer
Median to 75th percentilevs Food, Agriculture & Nutrition peers nationwide
$107k
$114k
President & CEO
Median to 75th percentile
$104k
$111k
Executive Director (as of 02/2024)
25th percentile to median
$44k
$47k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Food, Agriculture & Nutrition

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at IFMA EDUCATIONAL FOUNDATION equaled 17% of the organization's total expenses. The median for food, agriculture & nutrition organizations is 8%.

This organization (2024)
17%
Sector median
8%
Middle half of sector
3% to 19%

Based on 2,784 food, agriculture & nutrition organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 111%
from 2023

From $51k in 2023 to $107k in 2024.

$51k
2023
$107k
2024
In today's dollarsEst.
Up 104% in real terms$56k to $114k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Financial Officer pay rose 172% from 2023 to 2024, while revenue fell 8%.

$39k in 2023 to $107k in 2024.
  • Chief Executive Officer pay rose 105% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about IFMA EDUCATIONAL FOUNDATION

What does the Chief Financial Officer of IFMA EDUCATIONAL FOUNDATION earn?

In 2024, the Chief Financial Officer of IFMA EDUCATIONAL FOUNDATION received $106,756 in total compensation. This pay is above the median (the midpoint) for Chief Financial Officer roles among Food, Agriculture & Nutrition organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Financial Officer pay at IFMA EDUCATIONAL FOUNDATION compare with similar nonprofits?

Compared with the same role at Food, Agriculture & Nutrition organizations nationwide, the 2024 pay of the Chief Financial Officer at IFMA EDUCATIONAL FOUNDATION falls between the median and the 75th percentile. In 2024, the highest total compensation at IFMA EDUCATIONAL FOUNDATION equaled 17% of the organization's total expenses. The median for food, agriculture & nutrition organizations is 8%.

What are IFMA EDUCATIONAL FOUNDATION's revenue and expenses?

In 2024, IFMA EDUCATIONAL FOUNDATION reported $499k in total revenue and $637k in total expenses on its IRS Form 990.

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