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Filing year 2023

INSTITUTE OF FOOD TECHNOLOGISTS

Chicago, Illinois·EIN 36-2136957·3
Total revenue
$27.3M
Total assets
$58.4M
Total expenses
$28.5M
Reported officers
27
Mission

AS AN ORGANIZATION, THE INSTITUTE OF FOOD TECHNOLOGISTS IS FOCUSING ITS WORK IN FOUR MAIN AREAS, OR "ROLES AND GOALS." EACH IS WIDE-REACHING AND HELPS TO ADVANCE OUR MISSION.STEWARD FOR THE PROFESSION AND ITS COMMUNITY - PROVIDE LEARNING, NETWORKING AND LEADERSHIP DEVELOPMENT EXPERIENCES THAT ENABLE FOOD SCIENCE AND TECHNOLOGY PROFESSIONALS TO BECOME LEADERS IN THE GLOBAL FOOD SCIENCE COMMUNITY.RESEARCH CHAMPION AND INNOVATION CATALYST - CHAMPION EMERGING SCIENCES AND FOSTER TECHNOLOGY DEVELOPMENT, APPLICATION AND TRANSFER TO INCREASE FUNDING FOR FOOD-RELATED RESEARCH AND TO SUPPORT INNOVATION IN FOOD SCIENCE.INFLUENTIAL ADVOCATE AND TRUSTED SPOKESORGANIZATION - ENGAGE IN ADVOCACY AND COMMUNICATION EFFORTS THAT ENHANCE RECOGNITION OF THE PROFESSION AND RESULT IN INCREASED UNDERSTANDING AND APPLICATION OF THE SCIENCE OF FOOD.GLOBAL CITIZEN AND PARTNER - PROACTIVELY CONTRIBUTE TO, AND BE A PARTNER FOR, THE GLOBAL ADVANCEMENT AND APPLICATION OF THE SCIENCE OF FOOD.

Executive compensation, broken down

Form 990 · Schedule J · 8 reported individuals · Filing year 2023

Ceo, Trustee
board member
$920k
$1M
Base
$630k
Bonus
$217k
Other
$18k
Benefits
$22k
$502k
$556k
Base
$364k
Bonus
$55k
Other
$4k
Benefits
$22k
Chief Science & Tech Officer
officer (unspecified)
$354k
$392k
Base
$257k
Bonus
$38k
Other
$630
Benefits
$13k
VP Information Technology
vice president
$312k
$345k
Base
$235k
Bonus
$28k
Other
$5k
Benefits
$12k
Editor-in-chief
highest compensated employee
$310k
$343k
Base
$217k
Bonus
$32k
Other
$2k
Benefits
$27k
Sr. Vp, Membership
vice president
$303k
$335k
Base
$241k
Bonus
$12k
Other
$630
Benefits
$27k
Sr. VP of Marketing
vice president
$273k
$302k
Base
$242k
Bonus
Other
$630
Benefits
$20k
Sr. Director of Gov Affairs
highest compensated employee
$246k
$272k
Base
$192k
Bonus
$28k
Other
$372
Benefits
$2k

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 19 unpaid individuals.

Up 12%
from 2022

From $820k in 2022 to $920k in 2023.

$820k
2022
$920k
2023
In today's dollarsEst.
Up 9% in real terms$938k to $1M

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.

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

Revenue and expenses over time

INSTITUTE OF FOOD TECHNOLOGISTS reported revenue and expenses across 2 filing years.

RevenueExpenses
$31.4M
$26.5M
2022
$27.3M
$28.5M
2023
Total revenue and total expenses from IRS Form 990 filings.
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