International Society Of Beverage Technologists
- Assets
- $1.1m
- Revenue
- $674.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Herndon, VA
- Founding
- 10/2006
- Data as of
- 12/2023
- EIN
- 23-7061196
Organization Overview
International Society Of Beverage Technologists is located in Herndon, VA. The organization was established in 2006. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, 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. International Society Of Beverage Technologists is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, International Society Of Beverage Technologists generated $674.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $674.3k during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 6 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
TO PROVIDE A NETWORKING FORUM FOR TECHNICAL COLLABORATION FOCUSED ON EXPANDING EXPERTISE AND ADVANCING BEVERAGE SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING BEVERAGE INSTITUTE BY ISBT- IS A SERIES OF ONLINE LECTURES DESIGNED TO PROVIDE AN IMPORTANT AND EASILY AVAILABLE RESOURCE FOR OUR GLOBAL COMMUNITY OF BEVERAGE PROFESSIONALS.THE BEVTECH PROCEEDINGS ARE AVAILABLE TO ALL ISBT MEMBERS. IMMERSE YOURSELF IN THE VARIETY OF PRESENTATIONS THAT HAVE COME OUT OF BEVTECH.ISBT THREADSPECS OVER THE LAST SEVERAL YEARS AN ISBT MEMBER DRIVEN INITIATIVE INVOLVED THE DEVELOPMENT OF VOLUNTARY, BEVERAGE FOCUSED, FINISH GUIDELINES.RESOURCE GUIDE:BUILD YOUR COMPANY'S BRAND / VISIBILITY WITHIN THE BEVERAGE INDUSTRY. THE PURPOSE OF THE BEVERAGE INDUSTRY RESOURCE GUIDE IS TO ENCOURAGE MEMBERS DOING BUSINESS WITH OTHER MEMBERS.MANUALS & GUIDELINES:ONE OF THE GREATEST BENEFITS OF MEMBERSHIP IN ISBT IS ACCESS TO GUIDELINES, PROCEDURES, MANUALS, AND OTHER PUBLICATIONS.NEWSLETTERS:ISBT'S NEWSLETTERS ARE PUBLISHED A FEW TIMES EACH YEAR AND TYPICALLY INCLUDE A LETTER FROM THE PRESIDENT, INFORMATION ON ASSOCIATION AND INDUSTRY EVENTS, JOB POSTINGS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michon Mitchell From June 2023 Executive Dir. | Officer | 40 | $110,075 |
Brian Stegmann Thru June 2023 Executive Dir. | Officer | 40 | $53,055 |
Neil Marshall Director | Trustee | 2 | $0 |
Sal Calandra Vp-Operations | OfficerTrustee | 2 | $0 |
Emilia Rico Director | Trustee | 2 | $0 |
Gaby Mejia Mecalco Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $87,685 |
| 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 | $87,685 |
| Total Program Service Revenue | $503,073 |
| Investment income | $78,387 |
| 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 | $4,062 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $674,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,130 |
| Compensation of current officers, directors, key employees. | $163,130 |
| 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 | $126,000 |
| Fees for services: Legal | $9,426 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,796 |
| Advertising and promotion | $2,032 |
| Office expenses | $1,741 |
| Information technology | $37,305 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,924 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $270,929 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $781 |
| All other expenses | $0 |
| Total functional expenses | $674,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,161 |
| Savings and temporary cash investments | $871,664 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,649 |
| 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 | $41,166 |
| 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 | $1,121,640 |
| Accounts payable and accrued expenses | $2,132 |
| Grants payable | $0 |
| Deferred revenue | $205,133 |
| 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 | $207,265 |
| Net assets without donor restrictions | $890,650 |
| Net assets with donor restrictions | $23,725 |
| 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 | $1,121,640 |