CHICAGOLAND FOOD SCIENCE FOUNDATION INC
Mission Statement
The Chicagoland Food Science Foundation is a newly established, 501c3 non-profit organization that is working with CSIFT to develop, promote, and provide food science students with essential scholarships. The goal is to strengthen the organization so they can deliver these scholarships, while also supporting the food and beverage industry’s ever-growing needs. Our Mission To develop, promote and support the current and next generation of food and beverage industry professionals through scholarship programs while working in close collaboration with CSIFT. Our Vision To strengthen the science of food within the Chicagoland food and beverage industry to address ever growing global needs.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
83.5% | 89.6% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.5% | 7.5% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 1.3% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
43.4 mo | 9.1 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
18.9% | 0.1% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
110.5% | 87.8% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-42.1% | 6.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
26.5% | 7.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-32.8% | 3.1% |
P10P90
|
Impact
2 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Improved education through $5,000 scholarships to each student recipient per year. | 69 | $293,000.00 | — | Lifetime |
| Improved education with over 15 outreach/STEM programs for grades K-12 in Chicagoland | 25,000 | $25.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $115K | $152K | $550K | 83.5% | 0 |
| 2024 | $198K | $120K | $556K | 73.8% | 0 |
| 2023 | $108K | $107K | $542K | 86.6% | 0 |
| 2022 | $69K | $104K | $551K | 93.9% | 0 |
| 2021 | $18K | $99K | N/A | — | 0 |
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