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Posts tagged ‘Hilary Thesmar’

30
Jun

Executive Compensation at the Food Marketing Institute

You’re not alone if you’ve never heard of the Food Marketing Institute (FMI) – a non-profit, tax-exempt organization based in Arlington, Virginia whose mission, as a trade association, is to “represent, educate and improve the food industry.” ¬†Formerly called the Supermarket Institute, FMI represents an estimated 1,500 members (40,000 retail food stores, 25,000 pharmacies and an indeterminate number of suppliers and business partners within the food retail industry).

In a country flush with trade associations that raise hundreds of millions of dollars, FMI is small: ¬†they raise about $30 million annually ($26-$32 million annually over the most recent five year period) that comes primarily from two sources (membership dues and registration fees/exhibit fees, and sponsorships) and spend slightly less (primarily on compensation for the 85 employees, travel and conferences, fees for outside services, and office expenses). Read more »