Michigan Distributors & Vendors Association Inc
- Assets
- $208.9k
- Revenue
- $381.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 04/1971
- Data as of
- 12/2023
- EIN
- 38-1303213
Organization Overview
Michigan Distributors & Vendors Association Inc is located in Lansing, MI. The organization was established in 1971. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, 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. Michigan Distributors & Vendors Association Inc 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 12/2023, Michigan Distributors & Vendors Association Inc generated $381.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $371.1k during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
TO ADVOCATE FOR AND SUPPORT THE DISTRIBUTING, VENDING, AND FOOD SERVICE INDUSTRY IN MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE-WIDE BUSINESS ASSOCIATION REPRESENTING WHOLESALE DISTRIBUTORS OF GROCERY AND CONVENIENCE PRODUCTS, AND OPERATORS OF VENDING MACHINES, FOOD SERVICE, AND MICRO MARKETS. ASSOCIATION MEMBER PROGRAMS INCLUDE: ANNUAL CONVENTION, DIRECTORY, MEMBER OUTINGS AND MEETINGS, AND ADVOCACY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Bennett Chairman | OfficerTrustee | 1 | $0 |
Charlie Giacona Vice Chairma | OfficerTrustee | 1 | $0 |
Duncan Smith Past Chairma | OfficerTrustee | 1 | $0 |
Diana Carrick Secretary-Tr | OfficerTrustee | 1 | $0 |
Tom J Bos Director | Trustee | 1 | $0 |
Jim Peters Director | Trustee | 1 | $0 |
Financial Statements
| 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 | $370,020 |
| Investment income | $3,871 |
| 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 | $7,846 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $381,737 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $158,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,895 |
| Fees for services: Lobbying | $17,327 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,103 |
| Advertising and promotion | $0 |
| Office expenses | $5,393 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,093 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $4,796 |
| Conferences, conventions, and meetings | $72,026 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,463 |
| All other expenses | $0 |
| Total functional expenses | $371,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $202,749 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,195 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $208,943 |
| Accounts payable and accrued expenses | -$25 |
| Grants payable | $0 |
| Deferred revenue | $77,409 |
| 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 | $77,384 |
| Net assets without donor restrictions | $131,559 |
| 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 | $208,943 |