Fair Trade Federation
- Assets
- $190.6k
- Revenue
- $261.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Lancaster, PA
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 52-1907350
Organization Overview
Fair Trade Federation is located in Lancaster, PA. The organization was established in 1997. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Fair Trade Federation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fair Trade Federation 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, Fair Trade Federation generated $261.8k 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 (3.0%) each year. All expenses for the organization totaled $290.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) 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
THE FTF IS A TRADE ASSOCIATION OF FAIR TRADE ENTERPRISES FULLY COMMITTED TO EQUITABLE AND SUSTAINABLE TRADING PARTNERSHIPS. WE STRENGTHEN AND SUPPORT OUR MEMBERS IN ORDER TO GROW THE GLOBAL MOVEMENT OF TRADE THAT VALUES THE HEALTH OF THE PLANET AND THE LABOR, DIGNITY AND EQUALITY OF ALL PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 2022 FAIR TRADE FEDERATION ANNUAL CONFERENCE (NORMALLY HELD IN PERSON) WAS FACILITATED VIRTUALLY (USING ZOOM EVENTS)AND SERVED AS A SHOWCASE FOR THE WORK OF FTF MEMBERS AND THEIR COMMITTMENT TO FAIR TRADE BUSINESS PRACTICES. APPROXIMATELY 350 ATTENDEES REGISTERED FOR THE EVENT. THERE WERE SESSIONS ON BUSINESS BEST PRACTICES, COMMUNICATION WITH ARTISAN GROUPS, AND A VIRTUAL EXPO WHICH FEATURED MANY MEMBER'S PRODUCTS. THE CONFERENCE ALSO HIGHLIGHTED THE IMPORTANCE OF INCORPORATING JEDI (JUSTICE, EQUITY, DIVERSITY, INCLUSION) INTO THE FUTURE OF THE FAIR TRADE MOVEMENT.
ONLINE GUIDES AND ACTIVITIES EDUCATING ABOUT AND PROMOTING FULLY COMMITTED FAIR TRADE IN 2022 THE FEDERATION WORKED TO EDUCATE CONSUMERS AND RETAILERS ON THE VALUE OF VERIFIED FAIR TRADE BRANDS (ESPECIALLY IN SPITE OF THE COVID-19 PANDEMIC) BY CREATING ONLINE GUIDES, INCLUDING A HOLIDAY GIFT GUIDE. FOR FAIR TRADE MONTH (OCTOBER) THE FAIR TRADE FEDERATION HOSTED ITS SECOND SILENT AUCTION TO PROMOTE AND RAISE AWARENESS OF FAIR TRADE TO A WIDE AUDIENCE.
MEMBERSHIP VERIFICATION THE BACKBONE OF THE FAIR TRADE FEDERATION'S WORK IS THE VERIFICATION OF FAIR TRADE PRACTICES OF BOTH NEW MEMBERS AND ALL CURRENT MEMBERS, WHICH PROVIDES A MARK OF TRUST FOR THEIR PRODUCTS IN THE MARKETPLACE. USING THE FTF'S CODE OF PRACTICE AS A GUIDE, APPLICANTS ARE SCREENED AGAINST ALL 9 FAIR TRADE PRINCIPLES. EXISTING MEMBERS ARE REVERIFIED ANNUALLY, ASSURING THEIR PRACTICES ARE MEETING THE STANDARDS SET IN THE CODE OF PRACTICE, AND CONTINUED IMPROVEMENT OVER TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Mcbrien Board Chair | OfficerTrustee | 4 | $0 |
Lindsay Woodruff Vice Chair | OfficerTrustee | 4 | $0 |
Shelly Tennyson Treasurer | OfficerTrustee | 4 | $0 |
Jessica Mcintyre Secretary | OfficerTrustee | 4 | $0 |
Mac Mccoy Board Of Directors | Trustee | 3 | $0 |
Hala Scandar Board Of Directors | Trustee | 3 | $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 | $255,042 |
| Investment income | $59 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,651 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,752 |
| 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 | $177,362 |
| Pension plan accruals and contributions | $5,258 |
| Other employee benefits | $15,100 |
| Payroll taxes | $15,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,862 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,304 |
| Information technology | $13,284 |
| Royalties | $0 |
| Occupancy | $4,800 |
| Travel | $2,692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,904 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $674 |
| All other expenses | $4,598 |
| Total functional expenses | $290,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,907 |
| Savings and temporary cash investments | $100,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,679 |
| 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 | $190,590 |
| Accounts payable and accrued expenses | $27,717 |
| Grants payable | $0 |
| Deferred revenue | $37,343 |
| 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 | $65,060 |
| Net assets without donor restrictions | $125,530 |
| 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 | $190,590 |