Kentucky Grocers & Convenience Store Association Inc
- Assets
- $210.4k
- Revenue
- $147.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 01/1963
- Data as of
- 12/2022
- EIN
- 61-0400166
Organization Overview
Kentucky Grocers & Convenience Store Association Inc is located in Frankfort, KY. The organization was established in 1963. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is the central organization for a national or regional group of organizations. Kentucky Grocers & Convenience Store 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 12/2022, Kentucky Grocers & Convenience Store Association Inc generated $147.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $142.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 4 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 MISSION OF THE KENTUCKY GROCERS AND CONVENIENCE STORE ASSOCIATION IS TO PROMOTE AND ADVANCE THE COMMON INTERESTS OF COMPANIES ENGAGED IN THE MANUFACTURE, DISTRIBUTION, OR SALE OF GROCERIES, MOTOR FUELS, AND CONSUMER CONVENIENCE PRODUCTS IN THE COMMONWEALTH OF KENTUCKY. THE ASSOCIATION PROVIDES EFFECTIVE REPRESENTATION TO GOVERNMENT AND ADVOCATES ON BEHALF OF ITS MEMBERSHIP; SUPPORTS AND STRENGTHENS THE GROCERY AND CONVENIENCE STORE INDUSTRY BY PROVIDING MEMBERS WITH EDUCATIONAL RESOURCES, NETWORKING OPPORTUNITIES, AND KEEPING MEMBERS INFORMED; AND SERVES AS A CREDIBLE INFORMATION SOURCE ON BEHALF OF THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES AND MAINTAINS EFFECTIVE REPRESENTATION FOR THE INDUSTRY THROUGH LEGISLATIVE AND REGULATORY BODIES BY MONITORING LEGISLATIVE PROCEDURES AND HOSTING A LEGISLATIVE EVENT.
THE ASSOCIATION KEEPS MEMBERS UP TO DATE ON THE INDUSTRY BY PROVIDING HIGH QUALITY, WELL ATTENDED, EVENTS FOR THE GROCERY AND CONVENIENCE INDUSTRIES. EACH YEAR, THE ASSOCIATION HOSTS AN ANNUAL MEETING AND A GOLF OUTING TO BRING MEMBERS TOGETHER TO SHARE INFORMATION.
THE ASSOCIATION PROVIDES UP-TO-DATE INFORMATION TO ITS MEMBERS ON INDUSTRY RELATED MATTERS AND ENHANCES THE PUBLIC IMAGE OF THE FOOD AND CONVENIENCE INDUSTRIES THROUGH PERSONAL, PRINTED AND ELECTRONIC COMMUNICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Neumann Chair | OfficerTrustee | $0 | |
Erin Grant Secretary/tr | OfficerTrustee | $0 | |
Steve Chestnut Past Chair | OfficerTrustee | $0 | |
Leo Fitzpatrick Director | Trustee | $0 | |
Jake Jennings Director | Trustee | $0 | |
Jeff Martin Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $53,430 |
| 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 | $53,430 |
| Total Program Service Revenue | $79,470 |
| Investment income | $5,280 |
| 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 | $147,475 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,635 |
| Fees for services: Lobbying | $4,096 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $734 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,185 |
| Information technology | $268 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,520 |
| All other expenses | $591 |
| Total functional expenses | $142,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,752 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $131,656 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $210,408 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $210,408 |
| 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 | $210,408 |