Convenience Distribution Association Inc
- Assets
- $8.9m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Reston, VA
- Founding
- 04/1946
- Data as of
- 12/2021
- EIN
- 53-0177225
Organization Overview
Convenience Distribution Association Inc is located in Reston, VA. The organization was established in 1946. 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 12/2021, Convenience Distribution Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Convenience Distribution 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 12/2021, Convenience Distribution Association Inc generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INTERESTS OF CONVENIENCE PRODUCTS DISTRIBUTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS AND MEETINGS: NATIONAL CONVENTION AND TRADE SHOW ANNUALLY, SERVING APPROXIMATELY 350 MEMBERS AND 1100 NONMEMBERS. ALSO VARIOUS SMALLER MEETINGS CONDUCTING GENERAL ASSOCIATION BUSINESS.
PUBLICATIONS: "CONVENIENCE DISTRIBUTION", A TRADE PUBLICATION SERVING APPROXIMATELY 5,000 MEMBERS AND NONMEMBERS.
SEMINARS AND EDUCATION PROGRAMS: THE ASSOCIATION SPONSORS SEMINARS AND PROVIDES MATERIALS TO EDUCATE MEMBERS ON ISSUES OF IMPORTANCE TO CANDY AND TOBACCO WHOLESALERS/DISTRIBUTORS AND ALLIED COMPANIES SUCH AS TECHNOLOGY SUPPORT.
GOVERNMENT AFFAIRS AND LEGISLATIVE ACTIVITIES: THE ASSOCIATION REPRESENTS MEMBERS ON ISSUES OF IMPORTANCE TO MEMBERS OF THE CANDY, TOBACCO AND RELATED INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Bolin Pres/ceo | Officer | 40 | $385,000 |
Angela Simonetti Executive Vice Pres | 40 | $127,440 | |
Corey Cooper Second Vice Chair | OfficerTrustee | 1 | $0 |
John Prickette Chairperson | OfficerTrustee | 1 | $0 |
Kellie Janssen 1st Vice Chair | OfficerTrustee | 1 | $0 |
Scott Carrico Chairman Emeritus | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Williams Stearns & Assoc Accounting | 12/30/21 | $100,674 |
Lange Kim Dowell Llp Legal | 12/30/21 | $122,500 |
Capitol Decisions Inc Government Affairs | 12/30/21 | $108,000 |
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 | $2,233,883 |
| Investment income | $176,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $456,972 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,867,004 |
| 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. | $413,839 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $374,064 |
| Pension plan accruals and contributions | $18,112 |
| Other employee benefits | $44,811 |
| Payroll taxes | $45,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,000 |
| Fees for services: Accounting | $120,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,030 |
| Fees for services: Other | $219,500 |
| Advertising and promotion | $18,420 |
| Office expenses | $58,036 |
| Information technology | $61,934 |
| Royalties | $0 |
| Occupancy | $8,400 |
| Travel | $27,508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $390,076 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,644 |
| Insurance | $16,586 |
| All other expenses | $25,820 |
| Total functional expenses | $2,135,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $944,501 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $208,107 |
| 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 | $72,377 |
| Net Land, buildings, and equipment | $7,366 |
| Investments—publicly traded securities | $7,691,021 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,400 |
| Total assets | $8,926,772 |
| Accounts payable and accrued expenses | $39,293 |
| Grants payable | $0 |
| Deferred revenue | $1,321,450 |
| 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 | $1,360,743 |
| Net assets without donor restrictions | $7,566,029 |
| 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 | $8,926,772 |
Endowment Analysis
| Beg. Balance | $3,488,386 |
| Earnings | $615,963 |
| Admin Expense | $3,000 |
| Other Expense | $592,963 |
| Grants | $20,000 |
| Ending Balance | $3,488,386 |
Peer Organizations
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|---|---|---|
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American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |