Illinois Food Retailers Association
- Assets
- $2.0m
- Revenue
- $409.7k
- Investments
- $1.0k
- Employees
- 5
- Location
- Lombard, IL
- Founding
- 10/1942
- Data as of
- 08/2019
- EIN
- 36-2125202
Organization Overview
Illinois Food Retailers Association is located in Lombard, IL. The organization was established in 1942. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 08/2019, Illinois Food Retailers Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Food Retailers 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 08/2019, Illinois Food Retailers Association generated $409.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $536.2k during the year ending 08/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION OF MEMBERSHIP-PROVIDES FOR EXCHANGE OF IDEAS AMONG MEMBERSHIP, SPEAKERS PRESENT VARIOUS TOPICS OF INTEREST TO MEMBERSHIP
PUBLICATIONS-DISSEMINATES INFORMATION TO MEMBERSHIP ON CURRENT TOPICS AND INFORMATION ABOUT ASSOCIATION ACTIVITIES
SEMINARS-THE ASSOCIATION SPONSORS SEMINARS AT VARIOUS TIMES AND LOCATIONS DURING THE YEAR
THE ASSOCIATION IS A GROUP OF RETAIL GROCERS WHO RECEIVE SUPPORT FROM THE ASSOCIATION ON VARIOUS MATTERS RELATED TO THEIR BUSINESS OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Jordan President | Officer | 32 | $93,283 |
Richard Nieman Jr Director | OfficerTrustee | 2.02 | $0 |
Phil Salerno Treasurer | OfficerTrustee | 0.92 | $0 |
Larry Tobias Vice Chairma | OfficerTrustee | 0.54 | $0 |
Ken Casaccio Vice Chairma | OfficerTrustee | 1.54 | $0 |
Frank Lomoro Vice Chairma | OfficerTrustee | 0.92 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $53,798 |
| 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 | $409,695 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $230,034 |
| Pension plan accruals and contributions | $9,232 |
| Other employee benefits | $36,277 |
| Payroll taxes | $17,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,414 |
| Fees for services: Accounting | $20,352 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,415 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,049 |
| Information technology | $3,124 |
| Royalties | $0 |
| Occupancy | $21,193 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,092 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $969 |
| Insurance | $5,696 |
| All other expenses | $0 |
| Total functional expenses | $536,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,001 |
| Savings and temporary cash investments | $12,330 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,818 |
| 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 | $8,950 |
| Investments—publicly traded securities | $1,804,794 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,903 |
| Total assets | $2,004,738 |
| Accounts payable and accrued expenses | $18,724 |
| Grants payable | $0 |
| Deferred revenue | $124,450 |
| 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 | $143,174 |
| Net assets without donor restrictions | $1,861,564 |
| 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 |
| Total liabilities and net assets/fund balances | $1,861,564 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Veterinary Medical Association Schaumburg, IL | $94,136,501 | $52,810,298 |
United Dairy Industry Association Inc Rosemont, IL | $4,480,466 | $34,355,137 |
Academy Of Nutrition And Dietetics Chicago, IL | $59,938,358 | $38,120,377 |
Wisconsin Milk Marketing Board Inc Madison, WI | $22,618,845 | $31,706,679 |
Institute Of Food Techologists Inc Chicago, IL | $45,062,972 | $9,557,520 |
International Foodservice Manufacturers Association Chicago, IL | $7,373,988 | $7,253,013 |
American Society Of Agronomy Inc Madison, WI | $22,150,446 | $6,548,041 |
International Association For Food Protection Inc Des Moines, IA | $6,002,857 | $4,277,261 |
Soil Science Society Of America Inc Madison, WI | $6,203,929 | $2,979,765 |
Wisconsin Beef Council Inc Verona, WI | $611,387 | $1,897,284 |
Certified Pedigreed Swine Peoria, IL | $651,703 | $1,301,454 |
Certifying Board For The Dietary Managers St Charles, IL | $13,151,582 | $1,643,657 |