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Filing year 2023

INSTITUTE OF FOOD TECHNOLOGISTS

Chicago, Illinois·EIN 36-2136957·501(c)(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 · Part VII & Schedule J · 8 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Ceo, Trustee
Board Member
Above 90th percentile
$920k
$1M
Base
$630k
Bonus
$217k
Other
$18k
Benefits
$22k
Sr. VP & CFO
Above 90th percentile
$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
Board Vice President
75th to 90th percentile
$312k
$345k
Base
$235k
Bonus
$28k
Other
$5k
Benefits
$12k
Editor-in-chief
Highest Compensated Employee
75th to 90th percentile
$310k
$343k
Base
$217k
Bonus
$32k
Other
$2k
Benefits
$27k
Sr. Vp, Membership
Board Vice President
75th to 90th percentile
$303k
$335k
Base
$241k
Bonus
$12k
Other
$630
Benefits
$27k
Sr. VP of Marketing
Board Vice President
75th to 90th percentile
$273k
$302k
Base
$242k
Bonus
Other
$630
Benefits
$20k
Sr. Director of Gov Affairs
Highest Compensated Employee
75th to 90th percentile
$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.

Pay for the position

Board Member pay rose 12% from 2022 to 2023, while revenue fell 13%.

$820k in 2022 to $920k in 2023.
  • Chief Financial Officer pay rose 9% from 2022 to 2023.
  • Board Vice President pay rose 4% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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.
FAQ

Common questions about INSTITUTE OF FOOD TECHNOLOGISTS

What does the Board Member of INSTITUTE OF FOOD TECHNOLOGISTS earn?

In 2023, the Board Member of INSTITUTE OF FOOD TECHNOLOGISTS received $920,090 in total compensation. This pay is in the top 10% for Board Member roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at INSTITUTE OF FOOD TECHNOLOGISTS compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Member at INSTITUTE OF FOOD TECHNOLOGISTS falls in the top 10%.

What are INSTITUTE OF FOOD TECHNOLOGISTS's revenue and expenses?

In 2023, INSTITUTE OF FOOD TECHNOLOGISTS reported $27.3M in total revenue and $28.5M in total expenses on its IRS Form 990.

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