Society for Foodservice Management Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO DEVELOP THE NEXT GENERATION OF DIVERSE HOSPITALITY PROFESSIONALS BY EMPOWERING INDIVIDUALS THROUGH AWARENESS, EDUCATION AND RELATIONSHIP BUILDING.
- Income
- $-16,650
- Spending
- $20,976
- Reserves
- Over 10 years of spending
- Employees
- 0
- Volunteers
- 0
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
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
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: 62 out of 100. Higher than 47% of charities in its peer group (education, under $250k).
Independent board
25 of 2511 of 11 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.
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 (4)
- $32,784 spent. FELLOWSHIP PROGRAM: THROUGH AN APPLICATION PROGRAM, THE SHFM FOUNDATION WILL SELECT AND PAIR STUDENTS AND MILITARY MEMBERS FROM OUR AFFILIATES WITH LEADERS WITHIN SHFM. PARTICIPANTS FROM THE FELLOWSHIP PROGRAM WILL BE PROVIDED ADMISSION TO THE NATIONAL CONFERENCE EVENT ON BEHALF OF THE FOUNDATION.ADDITIONALLY, FELLOWSHIP PROGRAM PARTICIPANTS WILL BE ABLE TO ATTEND ONE ADDITIONAL SHFM EVENT DURING THE YEAR (INCLUDING: YOUNG PROFESSIONAL SUMMIT AND CRITICAL ISSUES CONFERENCE. THE FELLOW AND MENTOR WILL MEET AT THESE EVENTS, IF BOTH ARE IN ATTENDANCE. THE MEETING WILL BE FACILITATED BY STUDENT AFFILIATION CHAIR AND FOUNDATION CHAIR PRIOR TO EVENT START. THE FELLOW WILL ALSO BE GIVEN A ONE-YEAR SHFM MEMBERSHIP.
- $10,500 spent. SCHOLARSHIP PROGRAM - THE SHFM FOUNDATION RECOGNIZES THE ROLE THAT MICHIGAN STATE UNIVERSITY PROFESSOR TIMOTHY MEHLBERG HAS PLAYED IN THE DEVELOPMENT OF THE STUDENT CHAPTER PROGRAM, THE HIGHER EDUCATION AFFILIATIONS, AND THE OVERALL PRESENCE OF STUDENTS WITH THE ORGANIZATION. THE FOUNDATION HAS LAUNCHED AN EDUCATIONAL GRANT PROGRAM IN HIS HONOR, TO BE AWARDED TO (2) UNIVERSITIES. AWARDED ON A YEARLY BASIS, THE PROGRAM WILL AWARD UP TO $5,000 TO EACH SELECTED SCHOOL BASED UPON AN APPLICATION PROCESS.
- $7,604 spent. HENNESSY TRAVELER PROGRAM: PROMOTE EDUCATIONAL OPPORTUNITIES FOR MEMBERS OF THE U. S. ARMED FORCES SERVING IN HOSPITALITY ASSIGNMENTS. THE PROGRAM PROVIDES ENCOURAGEMENT AND SUPPORT FOR THOSE MEMBERS OF THE U.S. ARMED FORCES WHO HAVE AN INTEREST IN PURSUING CAREER OPPORTUNITIES IN FOODSERVICE HOSPITALITY UPON THEIR DEPARTURE FROM MILITARY SERVICE. THE PARTNERSHIP OF CIVILIAN FOODSERVICE ORGANIZATIONS LIKE SHFM IS INVALUABLE TO THE MEN AND WOMEN IN UNIFORM THAT BENEFIT FROM OUR CAREER MENTORSHIP AND ONGOING ADVICE.
- $13,944 spent. STUDENT DAY PROGRAM: PROVIDE ASSISTANCE TO STUDENTS INTERESTED IN THE FIELD OF FOODSERVICE MANAGEMENT BY PROVIDING EDUCATIONAL GRANTS.COLLEGE CHAPTER PROGRAM: ESTABLISH RELATIONSHIPS WITH HIGHER EDUCATION INSTITUTIONS IN ORDER TO EDUCATE AND INFORM STUDENTS ON THE BENEFITS AND CREATIVITY OF THE WORKPLACE AMENITIES AND FOODSERVICE INDUSTRY.COURSE FUNDING: PROMOTE STUDENT CHAPTER PROGRAMS THROUGH THE USE OF EDUCATIONAL COURSES.LOCAL GIVE BACK PROGRAM: DEDICATED "GIVE BACK" COMPONENT, WHICH PRIMARILY FOCUSES ON SUPPORTING THE HOSPITALITY AND FOODSERVICE INDUSTRY AND THE LOCAL COMMUNITIES WHERE ITS EVENTS ARE HELD.
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 October 13, 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 October 13, 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 October 13, 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 October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 2007.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 21, 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.