International Beverage Dispensing Equipment Association
- Assets
- $681.1k
- Revenue
- $567.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/1988
- Data as of
- 12/2023
- EIN
- 52-1272605
Organization Overview
International Beverage Dispensing Equipment Association is located in Dallas, TX. The organization was established in 1988. 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. International Beverage Dispensing Equipment 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 12/2023, International Beverage Dispensing Equipment Association generated $567.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $496.8k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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 PROMOTE SOUND PUBLIC POLICY WITH RESPECT TO THE SALE, LEASING, RENTAL AND SERVICING OF BEVERAGE DISPENSING EQUIPMENT; TO ELEVATE THE STANDARDS AND BUSINESS PRACTICES OF THE BEVERAGE DISPENSING INDUSTRY; TO COLLECT AND DISSEMINATE INFORMATION CONCERNING PRESENT AND PROPOSED STATE AND LOCAL LEGISLATION AND REGULATION PERTAINING TO ALL PHASES OF THE SALE, LEASING, RENTAL AND SERVICING OF SUCH EQUIPMENT AND FOR THE DISPENSING OF BEVERAGE PRODUCTS; TO EDUCATE MEMBERS OF THE ASSOCIATION ON ALL MATTERS THAT ARE OF INTEREST TO THEM IN THE OPERATION OF THEIR BUSINESS ACTIVITIES AND TO COOPERATE WITH OTHER ORGANIZATIONS IN FURTHERING THE INTERESTS OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE - THE ANNUAL CONFERENCE BRINGS TOGETHER THE MEMBERS AND INDUSTRY LEADERS FOR EDUCATIONAL PURPOSES TO ENHANCE THE PERFORMANCE OF THEIR BUSINESSES AND THE INDUSTRY AS A WHOLE.
MEMBERSHIP NEWSLETTER, SPECIAL REPORTS, AND DIRECTORY - PUBLICATIONS AND COMMUNICATIONS THROUGHOUT THE YEAR TO KEEP OUR MEMBERSHIP INFORMED AND IN- TOUCH WITH OTHERS IN THE BEVERAGE DISPENSING INDUSTRY.
BASIC AND ADVANCED SCHOOLS - EDUCATIONAL PROGRAMS ARE LED BY OUR MEMBERS AND PROFESSIONAL EDUCATORS TO ENABLE OUR MEMBERS TO DELIVER A BETTER PRODUCT AND POSITIVE EXPERIENCE FOR THEIR EMPLOYEES AND CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Carle Board Chairp | OfficerTrustee | 1 | $0 |
David Whitney President | OfficerTrustee | 3 | $0 |
Brad Irish-Jones Sr Vice Pres | OfficerTrustee | 1 | $0 |
Brett Rosenbloom Vice Preside | OfficerTrustee | 1 | $0 |
Sandy Ray Treasurer | OfficerTrustee | 1 | $0 |
Sherri Iskra Secretary | OfficerTrustee | 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 | $564,147 |
| Investment income | $3,244 |
| 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 | $567,391 |
| 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 | $108,036 |
| Fees for services: Legal | $1,201 |
| Fees for services: Accounting | $1,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,324 |
| Information technology | $2,245 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,783 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,476 |
| All other expenses | $0 |
| Total functional expenses | $496,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $610,328 |
| 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 | $70,773 |
| 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 | $681,101 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $284,328 |
| 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 | $284,328 |
| Net assets without donor restrictions | $385,607 |
| Net assets with donor restrictions | $11,166 |
| 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 | $681,101 |