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Posts from the ‘Food/Bev’ Category

23
May

Executive Compensation at the National Restaurant Association

The National Restaurant Association is the largest food trade organization in the world. Governed by a Board of Directors comprised of 90 leaders (although the Form 990 indicates there are 72 board members) in the industry, the National Restaurant Association is a professional trade association, a tax-exempt non-profit organization based in Washington, DC.

In 2017, the National Restaurant Association raised $110 million most of which comes from three (3) sources:  the sale of inventory ($62 million) which appears to be trade data, trade shows ($32 million), and royalties ($8 million). Membership dues – often the biggest source of revenue for trade associations – only provided $4 million to the organization in 2017. Read more »

22
Jan

Executive Compensation at the International Food Information Council

The International Food Information Council (IFIC) and the International Food Information Council Foundation (IFICF) operate out of the same office in Washington, DC. In order to understand these two organizations, they need to be viewed together:  one is a non-profit tax-exempt business trade association and the other is a non-profit tax-exempt organization. Read more »

14
Jan

Executive Compensation at the International Dairy Foods Association (IDFA)

The International Dairy Foods Association (IDFA) is a Washington, CD-based non-profit tax-exempt 501 (c) (6) – a business association – representing “90% of the milk, cheese, ice cream, yogurt, and cultured products, and dairy ingredients produced and marketed in the United States and sold throughout the world.”

The IDFA reported total revenue of $7.8 million for the year ending June 30, 2017 (down 23% from the prior year when $10.2 million was reported).  Revenue came primarily from two sources:  membership dues ($4.6 million) and training and education programs ($2.2 million).  Expenses were $8.5 million and consisted primarily of three:  compensation ($5.3 million), office-related expenses ($1.6 million), and conferences and trade shows ($1.3 million). Read more »

31
Dec

Executive Compensation at the Grocery Manufacturers Association (GMA)

The Grocery Manufacturers Association (GMA) is a a trade organization representing more than 200 of the leading food companies that manufacture and market branded and private label food and consumer packaged goods through retail, wholesale and foodservice channels of distribution. Based in Arlington, Virginia, the GMA is a non-profit 501 (c) (6) – a business association – and thus, tax-exempt. In addition, GMA has a Foundation (GMA Science and Education Foundation) and a PAC (GMA Political Action Committee) operating out of the same office location. Read more »

24
Oct

Executive Compensation at the American Beverage Association

The American  Beverage Association is a Washington, DC-based non-profit 501 (c) (6) trade association representing America’s non-alcoholic beverage industry. Originally established in 1919 as the American Bottlers of Carbonated Beverages, the organization was renamed the National Soft Drink Association in 1966, when the soft drink market began growing rapidly in the USA.

In 2004, the organization’s name was changed to the American Beverage Association (ABA), which coincidently was about the time negative press was on the upswing calling out the soft drink industry for the copious amount of sugar and high fructose corn syrup in soft drinks. In subsequent years, as the government imposed taxes on these beverages siting the lack of nutritional benefits and the great cost to the consumer and the health care industry, the ABA has fought attempts by stepping up their lobbying efforts. Read more »

20
Jun

Where Does $100 to EDESIA go?

EDESIA is a 501 (c) (3) based in North Kingston, Rhode Island that produces high quality ready-to-use food under a license from Nutriset (a French company whose focus is on producing food to prevent and reverse malnutrition).  EDESIA manufactures these food packets and sells them to organizations who distribute the products in the developing world.  Hence, the primary source of revenue is from the sale of these products (primarily to other non-profits).

In 2017, EDESIA reported $40 million in revenue, $37 million of which came from product sales. The remaining revenue came from government grants and contributions. Read more »