2024-07-13T08:58:11-05:00 2023-08-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2022-09-01 475244064 CHICAGOLAND FOOD SCIENCE FOUNDATION INC CHIC 6309164960 207 W ASH STREET LOMBARD IL 60148 LYNNDA NELSON EXECUTIVE DIRECTOR 6309164960 2024-07-12 1 LYNNDA NELSON 999009999 0 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2024-07-08 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LYNNDA NELSON 207 W ASH STREET LOMBARD IL 60148 196147 0 X HTTP://CHICAGOFOODSCIENCE.ORG/ X 2015 IL DEVELOP, PROMOTE AND SUPPORT THE CURRENT AND NEXT GENERATION OF FOOD AND BEVERAGE INDUSTRY PROFESSIONALS THROUGH SCHOLARSHIP PROGRAMS WHILE WORKING IN CLOSE COLLABORATION WITH CHICAGO SECTION OF THE INSTITUTE OF FOOD TECHNOLOGISTS. 14 14 0 20 0 0 123541 111322 0 0 85 16 -54485 -3183 69141 108155 62500 72669 0 0 0 0 0 0 0 41891 34328 104391 106997 -35250 1158 637575 655243 86205 113142 551370 542101 X THE MISSION OF THE ORGANIZATION IS 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 CHICAGO SECTION OF THE INSTITUTE OF FOOD TECHNOLOGISTS. 0 0 92621 72669 IMPLEMENTATION OF SCHOLARSHIP PROGRAM FOR STUDENTS WORKING TOWARDS A DEGREE VALUED IN THE FOOD INDUSTRY. 92621 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 IL X LYNNDA NELSON 6309164960 207 W ASH STREET LOMBARD IL 60148 X ARTHUR CURRAN DIRECTOR 2.00 X 0 0 0 ATHENA USLANDER DIRECTOR 2.00 X 0 0 0 BINU NAIR DIRECTOR 2.00 X 0 0 0 DIMETRIO GARCIA DIRECTOR 2.00 X 0 0 0 HELEN BENGTSON DIRECTOR 2.00 X 0 0 0 JAMES NASELLA DIRECTOR 2.00 X 0 0 0 JENNIFER FARRELL CHAIR ELECT 2.00 X X 0 0 0 KANTHA SHELKE DIRECTOR 2.00 X 0 0 0 LINDA PERUCCA CHAIR 2.00 X X 0 0 0 MARIA-PAZ DIRECTOR 2.00 X 0 0 0 MARLITA SANDERS DIRECTOR 2.00 X 0 0 0 MICHAEL GROSS TREASURER 2.00 X X 0 0 0 MOLLY HICKS SECRETARY 2.00 X X 0 0 0 RAKESH AMIN DIRECTOR 2.00 X 0 0 0 UPASANA HARIRAM PAST CHAIR 2.00 X X 0 0 0 LYNNDA NELSON EXECUTIVE DIRECTOR 35.00 X 0 0 0 0 0 0 0 0 0 0 0 55707 55615 111322 16 16 70063 55707 77662 -7599 -7599 14746 10330 4416 4416 108155 0 0 -3167 72669 72669 12975 10380 2595 10023 10023 147 147 2391 2391 3497 3154 343 233 233 1294 1294 1268 1268 2500 2500 106997 92621 14376 0 233570 101341 401093 547602 1612 6300 1300 0 637575 655243 3407 86205 109735 86205 113142 X 551370 542101 551370 542101 637575 655243 X 1158 13122 -23549 X 0 1 X 1 0 X 87160 97352 43353 123541 111322 462728 128026 128026 215186 97352 43353 123541 111322 590754 76860 71000 20000 167860 0 76860 71000 20000 167860 422894 6830 13182 13 85 16 20126 6830 13182 13 85 16 20126 222016 110534 43366 123626 111338 610880 0.69230 0.70160 0.03290 0.02530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 97728 13122 13122 84606 23549 23549 108155 106997 0 106997 0 106997 PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A PROFESSIONAL ASSOCIATION. U.S. GAAP PROVIDES ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE FOUNDATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE FOUNDATION'S RETURNS FOR YEARS ENDED AUGUST 31, 2023, 2022, 2021, 2020 ARE OPEN FOR EXAMINATIONS BY FEDERAL AND STATE TAXING AUTHORITIES, WHICH GENERALLY IS FOR THREE YEARS SINCE THEY ARE FILED. IF APPLICABLE, THE FOUNDATION WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF GENERAL AND ADMINISTRATIVE EXPENSES AND WOULD INCLUDE ACCRUED INTEREST AND PENALTIES IN ACCRUED EXPENSES. THERE WAS NO UNRELATED BUSINESS INCOME TAX PAYABLE AS OF AUGUST 31, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: GOLF OUTING CASH RECEIPTS RECEIVED NOT EARNED 23,549. GOLF OUTING 125770 55707 70063 75976 350 1336 125770 55707 70063 75976 350 1336 77662 -7599 1 IFT FEEDING TOMORROW 525 W VAN BUREN SUITE 1000 CHICAGO IL 60607 363432464 GOVT 7500 0 FUNDING GIFT CERTIFICATES TO HIGH SCHOOL TEACHERS TO PURCHASE FOOD SCIENCE LAB MATERIALS CORNELL UNIVERSITY 377 PINE TREE ROAD ITHACA NY 14850 150532082 501(C)3 10000 0 SCHOLARSHIPS BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS 506 S WRIGHT STREET URBANA IL 618013620 376000511 501(C)3 26000 0 SCHOLARSHIPS 3 PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANTS FUNDS IN U.S. IMPLEMENTATION OF SCHOLARSHIP PROGRAM FOR STUDENTS WORKING TOWARDS A DEGREE VALUED IN THE FOOD INDUSTRY. FORM 990, PART VI, SECTION A, LINE 3 CHICAGOLAND FOOD SCIENCE FOUNDATION INC.("CFSF") HAS A MANAGEMENT AGREEMENT WITH INTERNATIONAL ASSOCIATION MANAGEMENT, INC., AN ASSOCIATION MANAGEMENT COMPANY ("IAMI") TO DELEGATE EXECUTIVE AUTHORITY TO IAMI PRESIDENT LYNNDA NELSON TO ACT AS THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY REVIEWED THE TAX RETURN BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE FOR PROCESSING. FORM 990, PART VI, SECTION C, LINE 19 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: ADJUSTMENT FROM ACCRUAL TO CASH -23,549.