Society For Sensory Professionals Inc
- Assets
- $494.5k
- Revenue
- $75.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Eagan, MN
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 26-2265311
Organization Overview
Society For Sensory Professionals Inc is located in Eagan, MN. The organization was established in 2008. 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. Society For Sensory Professionals Inc 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 12/2021, Society For Sensory Professionals Inc generated $75.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $119.5k during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE FIELD OF SENSORY EVALUATION, INCLUDING CONSUMER RESEARCH, AND THE ROLE/WORK OF SENSORY PROFESSIONALS FOR THE PURPOSE OF EDUCATING ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETINGS PROVIDE INTERACTION AND TRAINING OF 400 MEMBERS AND NONMEMBER ATTENDEES IN THE SENSORY PROFESSIONAL INDUSTRY. DUE TO COVID-19 RESTRAINTS, ANNUAL MEETING WAS PIVOTED TO A VIRTUAL FORMAT.
MEMBERSHIP AND PUBLICATIONS - JOURNALS PROVIDED FOR THE EDUCATION OF MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clare Dus Chair-Elect | OfficerTrustee | 2 | $0 |
Kristine Wilke Chair | OfficerTrustee | 2 | $0 |
Lydia J R Lawless Past Chair | OfficerTrustee | 2 | $0 |
Brittany Ehrenkrook Treasurer | OfficerTrustee | 2 | $0 |
Gillian Folkes Dagan Internal Communications Chair | OfficerTrustee | 2 | $0 |
Amy Hope Executive VP | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,117 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,117 |
| Total Program Service Revenue | $31,948 |
| Investment income | $15,957 |
| 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 | $75,022 |
| 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 | $69,233 |
| Fees for services: Legal | $841 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $845 |
| Fees for services: Other | $500 |
| Advertising and promotion | $0 |
| Office expenses | $640 |
| Information technology | $1,154 |
| Royalties | $0 |
| Occupancy | $30,000 |
| 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 | $948 |
| All other expenses | $189 |
| Total functional expenses | $119,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,649 |
| Savings and temporary cash investments | $287,252 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,700 |
| 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 | $21,902 |
| 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 | $494,503 |
| Accounts payable and accrued expenses | $12,770 |
| Grants payable | $0 |
| Deferred revenue | $64,540 |
| 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 | $77,310 |
| Net assets without donor restrictions | $411,487 |
| Net assets with donor restrictions | $5,706 |
| 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 | $494,503 |
Endowment Analysis
| Beg. Balance | $5,348 |
| Earnings | $625 |
| Admin Expense | $20 |
| Net Contributions | $1,315 |
| Ending Balance | $7,268 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Milk Marketing Board Inc Madison, WI | $22,618,845 | $31,706,679 |
American Society Of Agronomy Inc Madison, WI | $22,150,446 | $6,548,041 |
International Association For Food Protection Inc Des Moines, IA | $6,002,857 | $4,277,261 |
The Agribank District Farm Council Inc St Paul, MN | $839,364 | $2,996,130 |
Soil Science Society Of America Inc Madison, WI | $6,203,929 | $2,979,765 |
Wisconsin Beef Council Inc Verona, WI | $611,387 | $1,897,284 |
Cereals & Grains Association St Paul, MN | $2,814,182 | $1,253,736 |
Dakota County Agricultural Society Farmington, MN | $2,769,180 | $1,335,916 |
Midwest Food Products Association Inc Madison, WI | $1,328,897 | $1,114,154 |
Iowa Institute For Cooperatives Ames, IA | $1,054,400 | $967,389 |
Sustainable Farming Association Of Minnesota Minneapolis, MN | $255,659 | $302,809 |
Minn School Food Service Assoc Inc St Paul, MN | $522,150 | $318,889 |