New England Produce Council Inc
- Assets
- $137.0k
- Revenue
- $636.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, MA
- Founding
- 02/1999
- Data as of
- 09/2023
- EIN
- 04-3410235
Organization Overview
New England Produce Council Inc is located in Burlington, MA. The organization was established in 1999. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, 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. New England Produce Council 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 09/2023, New England Produce Council Inc generated $636.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $696.0k during the year ending 09/2023. While expenses have increased by 6.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES MEETINGS & SEMINARS SPONSORED BY ITS MEMBERS FOR THE PURPOSE OF EDUCATING ITS MEMBERS & THE PUBLIC AND PROMOTING NETWORKING AMONG ITS MEMBERS: PROVIDES THE OPPORTUNITY FOR COMPANIES WITHIN THE PRODUCE INDUSTRY TO SPONSOR MEETINGS AND EDUCATE THE MEMBERS AS TO THE SPONSOR'S SPECIALTY; ASSIST IN EDUCATING CONSUMERS THROUGH PUBLIC SERVICE ANNOUNCEMENTS EMPHASIZING THE IMPORTANCE OF HEALTHY EATING. THE ORGANIZATION IS A MEMBER OF THE PRODUCE FOR BETTER HEALTH AND IS ACTIVE IN INDUSTRY PROMOTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEPC GOLF TOURNAMENT ANNUAL EVENT HELD JULY 25, 2023, PROVIDES AN OPPORTUNITY FOR THE MEMBERSHIP TO COME TOGETHER IN A SOCIAL ENVIRONMENT AND FOSTER BUSINESS RELATIONSHIPS WITH THE INDUSTRY VENDORS AND BUYERS. GOLF TOURNMENT SPONSORS HAVE THE OPPORTUNITY TO SHOWCASE THEIR PRODUCTS AT THE EVENT INCLUDING SAMPLING. IN 2023 WE HAD 165 GOLFERS AND SPONSOR COMPANIES.THE NEPC PRODUCE, FLORAL & FOOD SERVICE EXPO FLAGSHIP EVENT HELD ON AUGUST 21 AND 22, 2023, FOCUSED ON TRANSPORTATION AND SUPPLY CHAIN ISSUES. THERE WERE 158 EXHIBITORS THAT ATTENDED THE EXPO EVENT.THE NEPC ANNUAL DINNER DANCE HELD ON MARCH 25, 2023, IS STRICTLY A SOCIAL EVENT AND AN OPPORTUNITY FOR MEMBERS TO BRING THEIR SIGNIFICANT OTHER. THERE IS NO FORMAL PRESENTATIONS JUST DINNER AND DANCING.THE PURPOSE OF THE EXHIBITS AND EDUCATIONAL SESSIONS IS TO PROVIDE THE INDUSTRY ATTENDEES WITH NEW MARKETING IDEAS AND NETWORKING OPPORTUNITIES SPECIFICALLY GEARED TO PRODUCE AND FLORAL EXECUTIVES, WHICH WILL ULTIMATELY HELP THE PROMOTION AND HOPEFULLY THE CONSUMPTION OF FRESH FRUITS, VEGETABLES AND SPECIALITY ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Murray President | OfficerTrustee | 2 | $0 |
Beth Mcguire Secy/treasurer | OfficerTrustee | 2 | $0 |
David Dearborn 1st Vice President | OfficerTrustee | 1 | $0 |
Craig Minichiello 2nd Vice President | OfficerTrustee | 1 | $0 |
Bruce Klein Director | Trustee | 1 | $0 |
Tony Barreira Director | Trustee | 1 | $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 | $625,899 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,885 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $636,787 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,000 |
| Office expenses | $13,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $524,360 |
| Interest | $632 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,484 |
| All other expenses | $3,925 |
| Total functional expenses | $696,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,283 |
| Savings and temporary cash investments | $4,738 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,021 |
| Accounts payable and accrued expenses | $47,683 |
| 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 | $4,575 |
| Total liabilities | $52,258 |
| Net assets without donor restrictions | $0 |
| 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 | $84,763 |
| Total liabilities and net assets/fund balances | $137,021 |