North American Association Of Food Equipment Manufacturers
- Assets
- $32.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- 01/1965
- Data as of
- 12/2022
- EIN
- 36-6082586
Organization Overview
North American Association Of Food Equipment Manufacturers is located in Chicago, IL. The organization was established in 1965. 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, North American Association Of Food Equipment Manufacturers employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North American Association Of Food Equipment Manufacturers 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, North American Association Of Food Equipment Manufacturers generated $1.8m 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 (20.1%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, North American Association Of Food Equipment Manufacturers has awarded 21 individual grants totaling $5,198,087. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE THE GLOBAL FOODSERVICE EXPERIENCE THROUGH ADVOCACY, EDUCATION, AND RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING / TRADESHOW - IN EVEN NUMBER YEARS NAFEM HOSTS AN ANNUAL MEETING AND MANAGEMENT WORKSHOP AND IN ODD NUMBER YEARS NAFEM HOSTS A TRADESHOW. THE NAFEM SHOW IS NORTH AMERICA'S LEADING FOODSERVICE EQUIPMENT AND SUPPLIES SHOWCASE. THESE EVENTS ARE DESIGNED TO KEEP MEMBERS AND INDUSTRY LEADERS INFORMED OF NEW DEVELOPMENTS WITHIN THE FOOD SERVICE INDUSTRY.
MEMBERSHIP AND PROFESSIONAL DEVELOPMENT - NAFEM SPONSORS VARIOUS MARKET STUDIES AND ADVOCATES ON BEHALF OF ITS MEMBERS AND THE BROADER INDUSTRY.
INDUSTRY AND PUBLIC RELATIONS - NAFEM AND ITS MEMBER COMPANIES HAVE DEVELOPED A SOCIAL PURPOSE PLATFORM TO COLLABORATE WITH OTHER ORGANIZATIONS IN AN EFFORT TO HELP THOSE WHO STRUGGLE WITH HUNGER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Packer President | OfficerTrustee | 1 | $0 |
Steve Spittle President-Elect | OfficerTrustee | 1 | $0 |
Eva-Marie Fox Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Teresa Asbury Director | Trustee | 1 | $0 |
Greg Baggott Director | Trustee | 1 | $0 |
Richard Barkauskas Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smithbucklin Corporation Event Management | 12/30/22 | $791,037 |
Losasso Integrated Marketing Marketing Services | 12/30/22 | $708,104 |
Neste Live Tradeshow Entertainment | 12/30/22 | $375,000 |
Barnes & Thornburg Llp Legal Services | 12/30/22 | $254,652 |
Creative Meeting Management Event Decorator | 12/30/22 | $229,117 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $145,000 |
| 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 | $145,000 |
| Total Program Service Revenue | $1,014,561 |
| Investment income | $563,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $113,489 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,836,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $520,000 |
| 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. | $860,585 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $480,318 |
| Pension plan accruals and contributions | $24,520 |
| Other employee benefits | $43,021 |
| Payroll taxes | $74,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,035 |
| Fees for services: Accounting | $36,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,574 |
| Fees for services: Other | $568,375 |
| Advertising and promotion | $129,830 |
| Office expenses | $190,323 |
| Information technology | $319,163 |
| Royalties | $0 |
| Occupancy | $231,628 |
| Travel | $70,102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $426,312 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,535 |
| Insurance | $28,064 |
| All other expenses | $39,699 |
| Total functional expenses | $4,210,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,999,977 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,001 |
| 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 | $3,937,216 |
| Net Land, buildings, and equipment | $369,722 |
| Investments—publicly traded securities | $19,100,532 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,013,498 |
| Total assets | $32,428,946 |
| Accounts payable and accrued expenses | $279,773 |
| Grants payable | $0 |
| Deferred revenue | $11,801,950 |
| 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 | $1,393,602 |
| Total liabilities | $13,475,325 |
| Net assets without donor restrictions | $18,953,621 |
| 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 | $32,428,946 |
Grants Awarded
Over the last fiscal year, North American Association Of Food Equipment Manufacturers has awarded $520,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FEEDING AMERICA PURPOSE: PREVENT HUNGER | $350,000 |
CULINARY INSTITUTE OF AMERICA PURPOSE: SUPPORT CULINARY SCIENCE KITCHEN | $100,000 |
WORLD CENTRAL KITCHEN INC PURPOSE: PREVENT HUNGER | $40,000 |
MEALS ON WHEELS AMERICA PURPOSE: PREVENT HUNGER | $30,000 |