Manufactures Agents For Food Service Industry
- Assets
- $823.4k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Atlanta, GA
- Founding
- 09/1968
- Data as of
- 12/2022
- EIN
- 23-6461784
Organization Overview
Manufactures Agents For Food Service Industry is located in Atlanta, GA. The organization was established in 1968. According to its NTEE Classification (K34) the organization is classified as: Congregate Meals, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Manufactures Agents For Food Service Industry employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manufactures Agents For Food Service Industry 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, Manufactures Agents For Food Service Industry generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 11.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT THE PROFESSIONALISM OF OUR OUTSOURCED SALES REPS TO THE INDUSTRY, THROUGH PROVIDING BUSINESS INFORMATION, WHICH IN TURN INCREASES THEIR VISIBILITY, AND REINFORCES THEIR AUTHORITY AS THE EXPERT IN THE FIELD FOR THEIR MANUFACTURERS AND FOODSERVICE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES ITS MEMBERSHIP VALUABLE PROFESSIONAL EDUCATION, TRAINING, AND CONTINUING UPDATES OF CHANGING INDUSTRY PRACTICES AND REGULATIONS. THE MAJORITY OF THE MEMBERSHIP BENEFITED FROM THE FOLLOWING ASSOCIATION PROGRAM FUNCTIONS: EDUCATIONAL SEMINARS, PROFESSIONAL CERTIFICATIONS, BUSINESS DEVELOPMENT CONFERENCES AND MEETINGS, AND TRAINING PROGRAMS ON INDUSTRY FUNCTIONS SUCH AS SOFTWARE FOR QUOTES. STAFF FROM APPROXIMATELY 300 MEMBER COMPANIES ATTENDED THESE PROGRAMS.
THE ASSOCIATION PROVIDES A MEANS OF COOPERATION BETWEEN COMPETITORS FOR MUTUAL SELF INTERESTS SUCCESSFULLY CONNECTING REPRESENTATIVE AGENTS AND MANUFACTURERS SINCE 1949 THROUGH NATIONAL AND LOCAL NETWORKS AND MEETINGS, CONFERENCES, AND TRADE SHOWS. THIS PROVIDES MEMBERS THE OPPORTUNITY TO KNOW THEIR BUSINESS ASSOCIATES, GAIN THEIR FRIENDSHIP, AND RESPECT AND OFFER A MEDIUM OF EXCHANGE WITH OTHERS HAVING SIMILAR BUSINESS SUCCESSES AND STRUGGLES.
THE ASSOCIATION MAKES ALL MEMBERS VISIBLE BY MAKING AVAILABLE TO THE MEMBERSHIP AN ONLINE, STREAMLINED, SEARCHABLE DATABASE OF THE MEMBERS WHICH INCLUDES INDUSTRY SALES REPRESENTATIVE COMPANIES AND MANUFACTURING COMPANIES. THE ASSOCIATION ALSO MAKES AVAILABLE TO MEMBERS AN ONLINE RESOURCE LIBRARY WHICH INCLUDES SURVEY RESULTS, INDUSTRY STATISTICS, QUARTERLY SALES ANALYSIS, AND VARIOUS OTHER IMPERATIVE RESOURCES THAT PREPARE OUR MEMBER AGENTS TO ENTER AND MAINTAIN VIABILITY AND RELEVANCE IN THE INDUSTRY MARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Amos Director | Trustee | 2 | $0 |
David Anastasi Director | Trustee | 2 | $0 |
Joe Anderson Director | Trustee | 2 | $0 |
Andy Andrews Director | Trustee | 2 | $0 |
Caroline Bagley Director | Trustee | 2 | $0 |
Steven Belgeri Director | Trustee | 2 | $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 | $1,751,895 |
| Investment income | $2,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,781 |
| Net Income from Fundraising Events | $18,933 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,234 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,775,972 |
| 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. | $209,361 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,383 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,368 |
| Payroll taxes | $32,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $850 |
| Fees for services: Accounting | $4,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,752 |
| Advertising and promotion | $19,000 |
| Office expenses | $48,268 |
| Information technology | $30,653 |
| Royalties | $0 |
| Occupancy | $33,050 |
| Travel | $53,957 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,014,443 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,976 |
| Insurance | $2,336 |
| All other expenses | $21,528 |
| Total functional expenses | $1,920,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,164 |
| Savings and temporary cash investments | $2,127 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,148 |
| 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 | $118,230 |
| Net Land, buildings, and equipment | $10,650 |
| Investments—publicly traded securities | $160,721 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $259,473 |
| Other assets | $900 |
| Total assets | $823,413 |
| Accounts payable and accrued expenses | $40,775 |
| Grants payable | $0 |
| Deferred revenue | $529,471 |
| 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 | $570,246 |
| Net assets without donor restrictions | $253,167 |
| 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 | $823,413 |
Grants Awarded
Over the last fiscal year, Manufactures Agents For Food Service Industry has awarded $14,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB PURPOSE: GENERAL SUPPORT | $7,500 |
RIVERWOOD FOOD PANTRY PURPOSE: GENERAL SUPPORT | $6,500 |