Fmi Foundation
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 36% of its spending went to programs.
- Raising each dollar of donations cost 101 cents.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
FMI FOUNDATION (THE FOUNDATION) PROVIDES FUNDS TO HELP SUPPORT THE FOOD INDUSTRY'S IMPORTANT FOOD SAFETY, HEALTH AND NUTRITION PROGRAMS. THESE PROGRAMS PROTECT CONSUMERS FROM FOODBORNE ILLNESS AND ENCOURAGE HEALTHIER EATING. THESE PROGRAMS INCLUDE THE PARTNERSHIP FOR FOOD SAFETY EDUCATION, UNIFIED VOICE PROTOCOL AND THE FAMILY MEALS MONTH.
- Income
- $1.8 million
- Spending
- $1.5 million
- Spent on programs
- 36%
- Reserves
- 86.6 months of spending
- Largest source of income
- investment income, 67%
- Employees
- 0
- Volunteers
- 23
- Highest pay
- $6.2 million, president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100. Higher than 51% of charities in its peer group (philanthropy, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover 86.6 months of spending.
Debt
20 of 20It owes 5% of what it owns.
Living within its means
15 of 15Income exceeded spending by 16% of income.
Income trend
15 of 15Income rose 148% on the year before.
Spending floor
0 of 1536% of spending went to programs and raising each dollar of donations cost 101 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 65 out of 100. Higher than 18% of charities in its peer group (philanthropy, $1m to $10m).
Independent board
25 of 2522 of 22 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $542,831 spent. THE FOUNDATION'S GRANT PROGRAMS FOCUS ON CONSUMERS, STORE ASSOCIATES AND OTHER WORKERS, AS WELL AS FOOD SUPPLIERS TO ADVANCE NUTRITION, HEALTH AND FOOD SAFETY. THROUGH INTERACTION WITH THE NON-PROFIT PARTNERSHIP FOR FOOD SAFETY EDUCATION, RESOURCES FROM THE FOUNDATION HAVE ENABLED THE PARTNERSHIP TO DEVELOP THE ONLY PUBLIC-PRIVATE COLLABORATIVE THAT FOCUSES EXCLUSIVELY ON THE PREVENTION OF FOODBORNE ILLNESS AT THE POINT OF CONSUMER HANDLING AND PREPARATION IN THE HOME. THE FOUNDATION ALSO GAVE GRANTS AND PAID OTHER EXPENSES RELATED TO THE UNIFIED VOICE PROTOCOL WHICH ESTABLISHES A FRAMEWORK TO PROACTIVELY CREATE AN ENVIRONMENT OF TRUST IN THE FOOD AND CONSUMER GOODS INDUSTRIES. THE FOUNDATION IS ALSO WORKING WITH JUNIOR ACHIEVEMENT US TO HELP PROMOTE THE FOOD INDUSTRY AS A PREFERRED CAREER CHOICE.THE FOUNDATION STARTED THE FAMILY MEALS CAMPAIGN TO ENCOURAGE ONE MORE MEAL AT HOME EACH WEEK. FAMILY MEALS EATEN AT HOME HAVE PROVEN TO BENEFIT THE HEALTH AND WELLNESS OF CHILDREN AND ADOLESCENTS, TO FIGHT OBESITY, SUBSTANCE ABUSE AND TO MAKE FAMILIES STRONGER. THE FOUNDATION PROVIDES ONLINE TOOLKITS THAT RETAILERS AND SUPPLIERS CAN USE TO PROMOTE FAMILY MEALS. THE TOOLKIT INCLUDES RECIPES, PLANNING SUGGESTIONS, RECIPE LISTS AND MESSAGING ABOUT THE BENEFITS OF FAMILY MEALS.THE FOUNDATION PROVIDED SCHOLARSHIPS AND FUNDING TO UNIVERSITY SCIENCE PROGRAMS TO PROMOTE TRAINING FOR AUDITORS IN FOOD SAFETY IN AN ACCREDITED CERTIFICATION PROGRAM.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 1996.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Folx Foundation Inc (Miami Beach, FL), EIN 86-3600057. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.