Vermont Specialty Foods Association
- Assets
- $40.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Berlin, VT
- Founding
- 05/2007
- Data as of
- 12/2020
- EIN
- 03-0309219
Organization Overview
Vermont Specialty Foods Association is located in Berlin, VT. The organization was established in 2007. 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. Vermont Specialty Foods 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 12/2020, Vermont Specialty Foods Association generated $50.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $62.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
VERMONT SPECIALTY FOOD ASSOCIATION INCORPORATES MANY OF THE SMALL FAMILY OWNED AND OPERATED BUSINESSES THAT SUSTAIN THE WORKING LANDSCAPE OF VERMONT THAT VISITORS SEEK. WITH MORE THAN 385 BUISINESSES, SPECIALTY FOOD PRODUCERS STRIVE FOR EXCELLENCE IN PROVIDING THEIR CUSTOMERS WITH HIGH QUALITY, INNOVATIVE PRODUCTS MADE WITH A DISTINCTIVE VERMONT TOUCH.
VERMONT SPECIALTY FOOD ASSOCIATION INCORPORATES MANY OF THE SMALL FAMILY OWNED AND OPERATED BUSINESSES THAT SUSTAIN THE WORKING LANDSCAPE OF VERMONT THAT VISITORS SEEK. WITH MORE THAN 385 BUISINESSES, SPECIALTY FOOD PRODUCERS STRIVE FOR EXCELLENCE IN PROVIDING THEIR CUSTOMERS WITH HIGH QUALITY, INNOVATIVE PRODUCTS MADE WITH A DISTINCTIVE VERMONT TOUCH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Sigrist Executive Dir. | 15 | $27,330 | |
Francie Caccavo Vice President | 1 | $0 | |
Calley Hastings President | 1 | $0 | |
Mark Elvidge Treasurer | 1 | $0 | |
Rob Hausslein Secretary | 1 | $0 | |
Jen Neary Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,280 |
| Membership dues | $38,115 |
| Investment income | $703 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,098 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,330 |
| Professional fees and other payments to independent contractors | $15,372 |
| Occupancy, rent, utilities, and maintenance | $344 |
| Printing, publications, postage, and shipping | $382 |
| Other expenses | $18,988 |
| Total expenses | $62,416 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,205 |
| Other assets | $0 |
| Total assets | $40,555 |
| Total liabilities | $599 |
| Net assets or fund balances | $39,956 |
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