American Mushroom Institute
- Assets
- $3.5m
- Revenue
- $931.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Avondale, PA
- Founding
- 10/1956
- Data as of
- 05/2021
- EIN
- 23-1470888
Organization Overview
American Mushroom Institute is located in Avondale, PA. The organization was established in 1956. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 05/2021, American Mushroom Institute employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Mushroom Institute is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 05/2021, American Mushroom Institute generated $931.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $734.2k during the year ending 05/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT THE GROWERS, PROCESSORS, SUPPLIERS AND MARKETERS OF CULTIVATED AND SPECIALTY MUSHROOMS IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE MUSHROOM INDUSTRY AND THE DISSEMINATION OF TECHNICAL INFORMATION THROUGH MEETINGS, PUBLICATIONS, AND EDUCATION TO A MEMBERSHIP OF APPROXIMATELY 300 MEMBERS. THIS INCLUDES CONDUCTING A CONFERENCE TO SUPPORT THE INDUSTRY EVERY TWO YEARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe D'amico Chair | OfficerTrustee | 5 | $0 |
Chad Lafazia Chair Elect | OfficerTrustee | 5 | $0 |
Scott Engelbrecht Vice Chair/treasurer | OfficerTrustee | 5 | $0 |
Geoff Price Secretary | OfficerTrustee | 5 | $0 |
Stephen Anania Board Member | Trustee | 5 | $0 |
Dirk Cox Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,952 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,952 |
| Total Program Service Revenue | $641,720 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,684 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $931,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $197,270 |
| Pension plan accruals and contributions | $2,170 |
| Other employee benefits | $6,073 |
| Payroll taxes | $16,512 |
| Fees for services: Management | $27,900 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $131 |
| Office expenses | $4,150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,681 |
| Travel | $917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,067 |
| Insurance | $5,454 |
| All other expenses | $8,103 |
| Total functional expenses | $734,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $925,279 |
| Pledges and grants receivable | $257,462 |
| Accounts receivable, net | $0 |
| 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 | $748,971 |
| Investments—publicly traded securities | $1,598,946 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,538 |
| Total assets | $3,533,196 |
| Accounts payable and accrued expenses | $18,432 |
| Grants payable | $0 |
| Deferred revenue | $34,264 |
| 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 | $518,429 |
| Unsecured mortgages and notes payable | $49,309 |
| Other liabilities | $3,292 |
| Total liabilities | $623,726 |
| Net assets without donor restrictions | $2,628,230 |
| Net assets with donor restrictions | $281,240 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,533,196 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Mushroom Institute has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Longwood Gardens Inc Kennett Square, PA PURPOSE: OPERATIONAL SUPPORT | $500 |