Mid Atlantic Food Trade Organization Inc
- Assets
- $616.6k
- Revenue
- $104.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Reading, PA
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 22-2802146
Organization Overview
Mid Atlantic Food Trade Organization Inc, operating under the name Mid-Atlantic Food Trade Organizatio, is located in Reading, PA. The organization was established in 2018. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Atlantic Food Trade Organizatio is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MID-ATLANTIC FOOD TRADE ORGANIZATION IMPROVES QUALITY OF LIVES THROUGH CHARITY, EDUCATION, SCHOLARSHIPS, SOCIAL EVENTS AND NETWORKING TO ADVANCE AND PROMOTE OUR FOOD MARKETING INDUSTRY AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MID-ATLANTIC FOOD TRADE ORGANIZATION HAS A COMMUNITY CARE PACKAGE PROGRAM THAT COLLECTED FOOD, CONSUMER PRODUCTS, GIFT CARDS, AND FREE GOODS COUPONS. THESE CARE PACKAGES PROVIDED VALUE TO CONSUMERS, RECOGNIZED ESSENTIAL WORKERS,AND SUPPORTED THOSE IN NEED. PROCEEDS RESULTED IN A 37,500 CONTRIBUTION TO PHILABUNDANCE, ONE OF THE DELAWARE VALLEY'S LARGEST HUNGER RELIEF ORGANIZATIONS. EXPENSES FOR THIS PROGRAM WERE FOR MARKETING AND SUPPLIES.
CHRISTMAS FOR ALL KIDS IS A PROGRAM OF THE MID-ATLANTIC FOOD TRADE ORGANIZATION THAT COLLECTS UNWRAPPED TOYS. IN ADDITION, A PORTION OF THE PROCEEDS FROM THE EVENT IS DONATED TO LOCAL CHARITIES.
THE MID-ATLANTIC FOOD TRADE ORGANIZATION PROVIDED SCHOLARSHIPS ON THE BASIS OF ACADEMIC SUCCESS, OVERALL EXCELLENCE OF CHARACTER, AND POTENTIAL FOR COMMUNITY CONTRIBUTIONS AND LEADERSHIP. THE SCHOLARSHIPS WERE TO PROVIDE ASSISTANCE FOR THE NEXT GENERATION OF LEADERS IN THE FOOD INDUSTRY. THE SCHOLARSHIPS WERE FUNDED BY PROGRAM EVENT PROCEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Phander Chairman Of | Officer | $0 | |
John J Brennan President | Officer | $0 | |
Monica Spaulding Board Member | Trustee | $0 | |
Jennifer Bergman Executive Vi | Officer | $0 | |
Pete Kostick Treasurer | Officer | $0 | |
Chet Dudzinsk Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $93,593 |
| Investment income | $2,223 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,649 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,760 |
| Fees for services: Accounting | $2,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,302 |
| Office expenses | $3,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,323 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,478 |
| All other expenses | $7,897 |
| Total functional expenses | $175,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,768 |
| Savings and temporary cash investments | $401,412 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $616,630 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $616,630 |
| Total liabilities and net assets/fund balances | $616,630 |