MEAT FOUNDATION

EIN: 541734274 501(c)(3)

ARLINGTON, VA

Total Revenue
$4,424,296
Total Expenses
$4,831,142
Total Assets
$2,323,943
Net Assets
$1,348,340
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
DC
Principal Officer
SUSAN BACKUS
Phone
2025874200
Tax Period
2023-01-01 to 2023-12-31

MEAT FOUNDATION, founded in 1992, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum.

Mission

THE FOUNDATION'S MISSION IS TO CONDUCT RESEARCH AND DISSEMINATE INFORMATION THAT DRIVE CONTINUOUS IMPROVEMENT IN THE MEAT AND POULTRY INDUSTRY AND ENABLE MEAT AND POULTRY COMPANIES TO EXCEED EXPECTATIONS IN KEY AREAS LIKE FOOD SAFETY, NUTRITION, ANIMAL WELFARE AND SUSTAINABILITY.

Program Service Accomplishments

Program 1
Expenses: $2,505,180 Revenue: $2,332,321

EDUCATIONAL PROGRAM: EDUCATIONAL WORKSHOPS AND SEMINARS ON NEW ISSUES AND DEVELOPMENTS WITHIN THE MEAT INDUSTRY.

Program 2
Expenses: $1,160,479

BEEF BOARD: THE OPERATING COMMITTEE OF THE BEEF BOARD CONTRACTS WITH THE FOUNDATION TO OVERSEE AND ADMINISTER APPLIED RESEARCH RELATED TO THE POST-HARVEST SAFETY OF U.S. BEEF PRODUCTS AND DISSEMINATE...

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BEEF BOARD: THE OPERATING COMMITTEE OF THE BEEF BOARD CONTRACTS WITH THE FOUNDATION TO OVERSEE AND ADMINISTER APPLIED RESEARCH RELATED TO THE POST-HARVEST SAFETY OF U.S. BEEF PRODUCTS AND DISSEMINATE THE RESEARCH AND OTHER SCIENTIFIC INFORMATION TO BEEF PROCESSORS. FOUNDATION ACTIVITIES PROVIDE PRACTICAL, SCIENCE-BASED RESEARCH THAT CAN BE USED BY IN-PLANT PERSONNEL AND OTHERS TO ENSURE THE SAFETY OF THE SUPPLY. THE FOUNDATION OVERSEES A PANEL OF INDUSTRY AND ACADEMIC EXPERTS AND PRACTITIONERS TO ESTABLISH RESEARCH PRIORITIES AND EVALUATE PROPOSALS. BASED UPON THEIR RECOMMENDATIONS, RESEARCH CONTRACTS ARE AWARDED BASED ON MERIT AND PRIORITY NEED. AFTER THE AWARD, FOUNDATION STAFF CLOSELY MONITOR THE RESEARCH CONTRACTS TO ENSURE TIMELY AND COMPLETE RESEARCH WORK PRODUCTS ARE AVAILABLE FOR DISTRIBUTION TO THE INDUSTRY. DISSEMINATION OF RESEARCH RESULTS AND OTHER SCIENTIFIC INFORMATION IS ALSO UNDERTAKEN BY FOUNDATION STAFF. THE BEEF BOARD REIMBURSES THE FOUNDATION FOR THE DIRECT COSTS OF THE RESEARCH CONTRACTS AND DISSEMINATION ACTIVITIES. IN ADDITION, ADMINISTRATIVE AND MANAGEMENT COSTS INCURRED BY THE FOUNDATION TO ADMINISTER THE RESEARCH AND COMMUNICATION PROGRAMS ARE ALSO REIMBURSED. BY LAW, THE OPERATING COMMITTEE AND THE BEEF BOARD CONTRACT WITH ESTABLISHED NATIONAL, NONPROFIT, INDUSTRY-GOVERNED ORGANIZATIONS LIKE THE FOUNDATION TO IMPLEMENT PROGRAMS OF PROMOTION, RESEARCH, CONSUMER INFORMATION, INDUSTRY INFORMATION, FOREIGN MARKETING AND PRODUCER COMMUNICATIONS. CONTRACTORS ARE REIMBURSED ONLY FOR THE WORK THEY ACTUALLY DO FOR THE BEEF BOARD AND ARE NOT ALLOWED TO MAKE A PROFIT FROM A CHECKOFF CONTRACT. CHECKOFF FUNDS CANNOT BE USED TO INFLUENCE GOVERNMENT POLICY OR ACTION, INCLUDING LOBBYING.

Program 3
Expenses: $554,454

FOUNDATION RESEARCH: FOUNDATION RESEARCH INCLUDES THE COSTS INCURRED FROM CONTRACTED RESEARCH PROJECTS. THESE PROJECTS ARE REVIEWED AND RECOMMENDED BY THE FOUNDATION'S RESEARCH ADVISORY COMMITTEE AND...

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FOUNDATION RESEARCH: FOUNDATION RESEARCH INCLUDES THE COSTS INCURRED FROM CONTRACTED RESEARCH PROJECTS. THESE PROJECTS ARE REVIEWED AND RECOMMENDED BY THE FOUNDATION'S RESEARCH ADVISORY COMMITTEE AND APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,087,108
Program Service Revenue $2,332,321
Investment Income $4,867
Other Revenue $0
TOTAL REVENUE $4,424,296

Expense Breakdown

Grants Paid $0
Salaries & Benefits $886,179
Fundraising Expenses $0
Program Expenses $4,542,008
Other Expenses $3,944,963
TOTAL EXPENSES $4,831,142

Year-over-Year Comparison

2023 2022 Change
Revenue $4,424,296 $2,532,360 +0.7%
Expenses $4,831,142 $2,399,616 +1.0%
Net Income $-406,846 $132,744 -4.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
35
Independent Members
34
Employees
N/A
Volunteers
38

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$1,596,915
Total Directors
35
$807,817
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE ANNA POTTS CHAIR 1.69
Officer Director
$0 $70,629 $807,817
KEVIN ADDESSO BOARD MEMBER 0.50
Director
$0 $0 $0
AL ALMANZA BOARD MEMBER 0.50
Director
$0 $0 $0
JONATHAN AMIDEI BOARD MEMBER 0.50
Director
$0 $0 $0
TIM ARNDT BOARD MEMBER 0.50
Director
$0 $0 $0
STEPHANIE BENSON BOARD MEMBER 0.50
Director
$0 $0 $0
PETER BOZZO BOARD MEMBER 0.50
Director
$0 $0 $0
ROBERT CANNELL BOARD MEMBER 0.50
Director
$0 $0 $0
DOUG CLEMENS BOARD MEMBER 0.50
Director
$0 $0 $0
BRIAN COELHO BOARD MEMBER 0.50
Director
$0 $0 $0
BRIAN COVINGTON BOARD MEMBER 0.50
Director
$0 $0 $0
JEFF CROMER BOARD MEMBER 0.50
Director
$0 $0 $0
HENRY DAVIS BOARD MEMBER 0.50
Director
$0 $0 $0
CLAY EASTWOOD BOARD MEMBER 0.50
Director
$0 $0 $0
MARTIN ECKMANN BOARD MEMBER 0.50
Director
$0 $0 $0
NEIL GENSHAFT BOARD MEMBER 0.50
Director
$0 $0 $0
BRAD HAMILTON BOARD MEMBER 0.50
Director
$0 $0 $0
DENISE HEARD BOARD MEMBER 0.50
Director
$0 $0 $0
MEGAN HOBBS BOARD MEMBER 0.50
Director
$0 $0 $0
RANDY HUFFMAN BOARD MEMBER 0.50
Director
$0 $0 $0
CARLOS LOPEZ BOARD MEMBER 0.50
Director
$0 $0 $0
SANDY LUCKCUCK BOARD MEMBER 0.50
Director
$0 $0 $0
SHANE MACKENZIE BOARD MEMBER 0.50
Director
$0 $0 $0
JIM MONROE BOARD MEMBER 0.50
Director
$0 $0 $0
KEVIN MYERS BOARD MEMBER 0.50
Director
$0 $0 $0
KATHLEEN ODONNELL-CAHILL BOARD MEMBER 0.50
Director
$0 $0 $0
KEN PETERSEN BOARD MEMBER 0.50
Director
$0 $0 $0
CLIF RHODES BOARD MEMBER 0.50
Director
$0 $0 $0
SCOTT RICH BOARD MEMBER 0.50
Director
$0 $0 $0
JUSTIN STILL BOARD MEMBER 0.50
Director
$0 $0 $0
SUZANNE STRASSBURGER REIDY BOARD MEMBER 0.50
Director
$0 $0 $0
HILARY THESMAR BOARD MEMBER 0.50
Director
$0 $0 $0
STEVE VAN LANNEN BOARD MEMBER 0.50
Director
$0 $0 $0
DENNIS VIGNIERI BOARD MEMBER 0.50
Director
$0 $0 $0
RUSSELL YEARWOOD BOARD MEMBER 0.50
Director
$0 $0 $0
MARK DOPP SECRETARY & TREASURER 1.00
Officer
$0 $62,027 $533,707
SUSAN BACKUS PRESIDENT 20.00
Officer
$0 $31,232 $255,391
ANNE HALAL CHIEF EXPERIENCE OFFICER 11.85
Highest
$0 $60,353 $374,682
THAO GRIMES VP, FINANCE 2.23
Highest
$0 $54,714 $292,923
ERIC ZITO VP, BUSINESS DEVELOPMENT 29.62
Highest
$0 $47,221 $269,551
AMANDA BUTTERFIELD DIR. OF CORPORATE PARTNERSHIPS 28.77
Highest
$0 $34,003 $170,272
KATHRYN ROSE MCCULLOUGH DIRECTOR OF SCIENCE AND PUBLIC HEALTH 20.00
Highest
$0 $20,453 $167,584
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $4,424,296 $4,831,142 $2,323,943 $-406,846
2022 $2,532,360 $2,399,616 $2,348,755 $132,744
2021 $3,121,077 $3,333,902 $2,858,739 $-212,825
2020 $4,306,014 $4,010,408 $2,021,203 $295,606
2019 $3,987,744 $3,793,007 $2,600,656 $194,737
2018 $3,048,511 $3,032,872 $2,500,270 $15,639
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