Flavor & Extract Manufacturers Association Of The United States
- Assets
- $6.5m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/1971
- Data as of
- 03/2023
- EIN
- 23-7104346
Organization Overview
Flavor & Extract Manufacturers Association Of The United States is located in Washington, DC. The organization was established in 1971. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flavor & Extract Manufacturers Association Of The United States is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2023, Flavor & Extract Manufacturers Association Of The United States generated $5.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $5.7m during the year ending 03/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COOPERATION, PROMOTION, AND PROTECTION OF THE BUSINESS INTERESTS OF ITS MEMBERS, FOSTERING GOODWILL AMONG ITS MEMBERS AND ASSISTANCE IN ENACTMENT AND ENFORCEMENT OF LAWS WHICH SHALL DEAL JUSTLY WITH THE RIGHTS OF FLAVORING EXTRACT MANUFACTURERS AND CONSUMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC STUDIES CONDUCTED BY THE ASSOCIATION TO PROVIDE DATA NECESSARY TO SUPPORT THE EVALUATION OF THE SAFETY OF FLAVORS.
A GOVERNMENT RELATIONS PROGRAM TO MONITOR FEDERAL, STATE, AND INTERNATIONAL LEGISLATIVE AND REGULATORY ACTIVITIES AFFECTING THE FLAVOR INDUSTRY AND REPRESENT THE INTEREST OF THE INDUSTRY BEFORE GOVERNMENT AGENCIES. A PANEL OF SCIENTIFIC EXPERTS IS RETAINED BY THE ASSOCIATION TO ADVISE IT ON MATTERS OF INGREDIENT SAFETY. FEMA DID NOT ENGAGE IN LOBBYING ACTIVITIES DURING THE YEAR.
ANNUAL MEETINGS HELD, ATTENDED BY 150 TO 200 REPRESENTATIVES OF MEMBER COMPANIES AT WHICH THE MEMBERSHIP IS UPDATED ON NEW PROGRAMS AND TOPICS OF CURRENT INTEREST TO THE INDUSTRY AND THE BUSINESS OF THE ASSOCIATION IS CONDUCTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louie D'amico Ended 0322 President | OfficerTrustee | 3 | $0 |
Shawn Blythe President-Elect | OfficerTrustee | 3 | $0 |
Paul Graham Treasurer | OfficerTrustee | 3 | $0 |
Suzanne C Johnson President | OfficerTrustee | 3 | $0 |
Markus A Eckert Board Member | Trustee | 3 | $0 |
Kelli Heinz Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Verto Solutions Llc Mgmt Services | 3/30/22 | $3,025,989 |
Verto Legal Solutions Llc Legal Services | 3/30/22 | $400,563 |
The Law Offices Of John B Hallagan Legal Services | 3/30/22 | $186,188 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $675,000 |
| 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 | $675,000 |
| Total Program Service Revenue | $5,120,796 |
| Investment income | $60,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,756 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,864,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| 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 | $2,870,353 |
| Fees for services: Legal | $542,869 |
| Fees for services: Accounting | $27,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,546 |
| Advertising and promotion | $0 |
| Office expenses | $67,050 |
| Information technology | $3,251 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $256,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $499,364 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,563 |
| Insurance | $24,567 |
| All other expenses | $1,807 |
| Total functional expenses | $5,666,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $720,434 |
| Savings and temporary cash investments | $2,531,726 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $642,029 |
| 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 | $75,837 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,483,362 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,453,388 |
| Accounts payable and accrued expenses | $1,082,501 |
| Grants payable | $0 |
| Deferred revenue | $181,601 |
| 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 | $1,264,102 |
| Net assets without donor restrictions | $5,088,017 |
| Net assets with donor restrictions | $101,269 |
| 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 | $6,453,388 |