Snac International
- Assets
- $7.4m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Arlington, VA
- Founding
- 06/1979
- Data as of
- 12/2023
- EIN
- 34-0421555
Organization Overview
Snac International is located in Arlington, VA. The organization was established in 1979. 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. As of 12/2023, Snac International employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Snac International 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 12/2023, Snac International generated $4.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $4.7m during the year ending 12/2023. While expenses have increased by 3.3% 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
TO CREATE RESOURCES WHICH FUEL AND REINFORCE VALUE FOR SNAC INTERNATIONAL MEMBERS BY OFFERING SERVICES AND RELATIONSHIP BUILDING FORUMS FOR MEMBERS IN SUPPORT OF INDUSTRY GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIENNIAL SNX CONVENTION - SNX IS SNAC INTERNATIONALS EDUCATION AND COLLABORATION FORUM. HELD BIENNIALLY, IT HOSTS MANUFACTURERS AND SUPPLIERS TO THE SNACK FOOD INDUSTRY AND PROVIDES OPPORTUNITIES FOR ONE-ON-ONE MEETINGS AND EDUCATION.
COMMUNICATIONS & OTHER
SEMINARS AND MEETINGS - SNAC INTERNATIONAL SPONSORS AND PARTICIPATES IN VARIOUS SEMINARS AND MEETINGS FOR THE PURPOSE OF DRIVING THE PROFESSIONAL DEVELOPMENT OF RISING INDUSTRY LEADERS AND THE DISSEMINATION OF INFORMATION REGARDING SNACK INDUSTRY REGULATORY REQUIREMENTS AND BEST PRACTICES.
GOVERNMENT RELATIONS - SNAC INTERNATIONAL MONITORS REGULATORY AND LEGISLATIVE ISSUES AFFECTING THE SNACK FOOD INDUSTRY, DEVELOPS STRATEGIES TO ADVANCE REGULATIONS AND POLICIES AND PROVIDES A LINK BETWEEN THE SNACK FOOD INDUSTRY AND REGULATORY/LEGISLATIVE DECISION MAKERS, SUCH AS THE FOOD & DRUG ADMINISTRATION AND THE U.S.D.A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Cochran President & CEO | Officer | 40 | $527,063 |
David Walsh VP Membership & Communication | 40 | $151,164 | |
Abby Valentino Director Industry Affairs | 40 | $118,542 | |
Bernard Kreilmann Director | Trustee | 1 | $0 |
Thomas Koppelmann Director | Trustee | 1 | $0 |
Mark Costello Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Food Directors Llc Consulting | 12/30/23 | $115,500 |
Torrey Advisor Group Gov Relations | 12/30/23 | $208,216 |
Kelly Helms Knowles Consulting | 12/30/23 | $114,903 |
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 | $4,109,779 |
| Investment income | $170,747 |
| 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 | -$4,171 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,307,361 |
| 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. | $527,063 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $646,305 |
| Pension plan accruals and contributions | $44,955 |
| Other employee benefits | $69,347 |
| Payroll taxes | $65,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,132 |
| Fees for services: Accounting | $91,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,005 |
| Fees for services: Other | $1,150,875 |
| Advertising and promotion | $0 |
| Office expenses | $213,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $258,428 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,514,913 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,723,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,169 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,000 |
| 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 | $217,828 |
| Net Land, buildings, and equipment | $212,476 |
| Investments—publicly traded securities | $5,657,360 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $938,503 |
| Total assets | $7,426,336 |
| Accounts payable and accrued expenses | $599,998 |
| Grants payable | $0 |
| Deferred revenue | $554,914 |
| 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 | $1,100,007 |
| Total liabilities | $2,254,919 |
| Net assets without donor restrictions | $5,171,417 |
| 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 | $7,426,336 |
Grants Awarded
Over the last fiscal year, Snac International has awarded $21,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
POTATOES USA PURPOSE: NATIONAL CHIP PROGRAM | $15,000 |
GRAIN FOODS FOUNDATION PURPOSE: FOODS PROJECT SUPPORT | $6,000 |