Indiana Food & Fuel Association is located in Indianapolis, IN. The organization was established in 1953. 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. As of 12/2022, Indiana Food & Fuel Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Food & Fuel Association 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 12/2022, Indiana Food & Fuel Association generated $807.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $704.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE BUSINESS INTERESTS OF ENTITIES ASSOCIATED WITH PETROLEUM DISTIRBUTION AND MARKETING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS, SEMINARS, ANNUAL CONVENTION & TRADE SHOW TO EDUCATE MEMBERS & TO INFORM MEMBERS OF NEW PRODUCTS AND SERVICES. PROGRAMS TO HELP MEMBERS PROMOTE THEIR BUSINESS AND BETTER MANAGE THEIR EMPLOYEES AND ACHIEVE PROFITABILITY. EMERGENCY RESPONSE PROGRAM TO A PETROLEUM TRANSPORT SPILL. PARTICIPATION IN THE HEALTH INSURANCE PROGRAM. MAGAZINE ADVERTISING AND CIRCULATION TO PRODUCE AN INFORMATIVE QUARTERLY MEMBER PUBLICATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jonathon Smith President | OfficerTrustee | 1 | $0 |
Shane Neal Vice President | OfficerTrustee | 1 | $0 |
Kevin Huffman Secretary/treasurer | OfficerTrustee | 1 | $0 |
Trout Moser National Director | OfficerTrustee | 1 | $0 |
Joel Hirschboeck Director | Trustee | 1 | $0 |
Ryan Johnson Director | Trustee | 1 | $0 |
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 | $634,950 |
Investment income | $72,240 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $807,405 |
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. | $221,331 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $137,135 |
Pension plan accruals and contributions | $10,221 |
Other employee benefits | $10,615 |
Payroll taxes | $23,999 |
Fees for services: Management | $0 |
Fees for services: Legal | $7,732 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $74,294 |
Advertising and promotion | $2,694 |
Office expenses | $4,707 |
Information technology | $7,444 |
Royalties | $0 |
Occupancy | $48,936 |
Travel | $28,978 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $38,032 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $13,261 |
All other expenses | $11,182 |
Total functional expenses | $704,152 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $167,620 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $6,005 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,146,885 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,862 |
Total assets | $1,324,372 |
Accounts payable and accrued expenses | $23,706 |
Grants payable | $0 |
Deferred revenue | $21,131 |
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 | $44,837 |
Net assets without donor restrictions | $1,279,535 |
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 | $0 |
Total liabilities and net assets/fund balances | $1,324,372 |