New York Institute Of Food Technologists Inc
- Assets
- $511.8k
- Revenue
- $176.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Cresskill, NJ
- Founding
- 12/1957
- Data as of
- 07/2021
- EIN
- 11-2159932
Organization Overview
New York Institute Of Food Technologists Inc is located in Cresskill, NJ. The organization was established in 1957. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Institute Of Food Technologists 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 07/2021, New York Institute Of Food Technologists Inc generated $176.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $87.0k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (8.7%) 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
ORGANIZATION FACILITATES COMMUNICATION OF CURRENT TRENDS AND ISSUES AMONG FOOD INDUSTRY PERSONNEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL FOOD INDUSTRY PROGRAM - ANNUAL INDUSTRY EXPOSITION TO DISUCUSS THE LATEST TRENDS AND ISSUES WITHIN THE FOOD INDUSTRY.
MONTHLY FOOD INDUSTRY PROGRAM - MONTHLY MEETINGS WITH GUEST SPEAKER TO DISCUSS SPECIFIC TRENDS AND ISSUES WITHIN THE FOOD INDUSTRY.
AUXILLARY PROGRAM - SUPPORT OF AUXILLARY CHAPTER FOR DISUCCSION OF FOOD INDUSTRY TRENDS & ISSUES.
ORGANIZATION FACILITATES COMMUNICATION OF CURRENT TRENDS AND ISSUES AMONG FOOD INDUSTRY PERSONNEL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Meyers Director At | Officer | 10 | $0 |
Yangyang Jin Secretary | Officer | 10 | $0 |
Spencer Sullivan Chair | Officer | 10 | $0 |
Qianyun Gong Peacock Treasurer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $115,915 |
| 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 | $176,189 |
| Statement of Expenses | |
|---|---|
| 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 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 | $775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $708 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,736 |
| All other expenses | $0 |
| Total functional expenses | $87,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,947 |
| Savings and temporary cash investments | $377,878 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $511,825 |
| 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 | $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 |
| Total liabilities and net assets/fund balances | $511,825 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chester County Food Bank Exton, PA | $14,718,999 | $9,745,576 |
Model Organic Farm Foundation New York, NY | $4,881,242 | $2,948,859 |
Refed Inc Long Island City, NY | $3,245,213 | $3,044,504 |
White Feather Farm Inc Saugerties, NY | $1,952,913 | $1,416,686 |
Delaware Restaurant Association Newark, DE | $1,419,640 | $1,758,498 |
White Feather Forest Inc Saugerties, NY | $359,824 | $75,416 |
Common Market Mid-Atlantic Incorporated Philadelphia, PA | $1,938,202 | $6,499,769 |
Pitney Meadows Community Farm Inc Saratoga Springs, NY | $3,433,291 | $1,027,311 |
Common Ground Farm Inc Beacon, NY | $214,026 | $737,294 |
Hudson Farm Foundation Inc Andover, NJ | $827,533 | $765,826 |
Urban Creators Philadelphia, PA | $367,166 | $665,737 |
Foodshot Global Inc New York, NY | $602,916 | $551,507 |