Southeast Produce Council
- Assets
- $8.3m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Millen, GA
- Founding
- 11/2000
- Data as of
- 05/2024
- EIN
- 59-3588273
Organization Overview
Southeast Produce Council is located in Millen, GA. The organization was established in 2000. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 05/2024, Southeast Produce Council employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Produce Council 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 05/2024, Southeast Produce Council generated $6.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $6.1m during the year ending 05/2024. While expenses have increased by 7.3% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE SOUTHEASTERN PRODUCE COMMUNITY WITH INNOVATIVE NETWORKING, COMMUNITY, AND EDUCATIONAL OPPORTUNITIES WHILE OFFERING A PLATFORM FOR BUILDING PROFESSIONAL REALTIONSHIPS BASED ON TRUST, INTEGRITY, AND PASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHERN EXPOSURE AND SOUTHERN INNOVATIONS :PREMIER TRADE SHOW EVENTS IN THE PRODUCE INDUSTRY. ATTENDED BY THE TOP RETAILERS, FOODSERVICE OPERATORS, GROWERS, SHIPPERS, AND SERVICE MEMBERS IN THE INDUSTRYSTEP UPP: FLAGSHIP DEVELOPMENT PROGRAM FOR UP AND COMING PRODUCE PROFESSIONALS. REGARDED AS BEST IN THE INDUSTRY, THE PROGRAM HAS DEVELOPED OVER 100 INDUSTRY LEADERS.STARS:DEVELOPED TO REACH AND RETAIN THE BRIGHTEST STUDENTS FOR OUR INDUSTRY. HAS GROWN TO INCLUDE 8 SCHOOLS AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sherrod President CEO | 40 | $282,462 | |
Mike Roberts Chairman | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $860,999 |
| 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 | $860,999 |
| Total Program Service Revenue | $5,406,924 |
| Investment income | $220,843 |
| 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 | $6,488,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $171,604 |
| 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. | $282,461 |
| Compensation of current officers, directors, key employees. | $70,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,745 |
| Pension plan accruals and contributions | $14,475 |
| Other employee benefits | $102,271 |
| Payroll taxes | $25,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,645 |
| Fees for services: Accounting | $12,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,840 |
| Advertising and promotion | $180,180 |
| Office expenses | $50,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,996 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,881 |
| Interest | $465 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,465 |
| Insurance | $12,585 |
| All other expenses | $205,578 |
| Total functional expenses | $6,131,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,199,618 |
| Savings and temporary cash investments | $4,877,071 |
| 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 | $0 |
| Net Land, buildings, and equipment | $409,686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $835,529 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,321,904 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,954 |
| Other liabilities | $0 |
| Total liabilities | $7,954 |
| Net assets without donor restrictions | $8,313,950 |
| 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 | $8,321,904 |
Grants Awarded
Over the last fiscal year, Southeast Produce Council has awarded $0 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS HEALTHCARE OF ATLANTA PURPOSE: OPERATING EXPENSE | $0 |
PALMER HOME FOR CHILDREN PURPOSE: OPERATING EXPENSE | $0 |
PAUL ANDERSON YOUTH HOME PURPOSE: OPERATING EXPENSE | $0 |
SOCIETY OF ST ANDREW PURPOSE: OPERATING EXPENSE | $0 |