American Feed Industry Association Inc
- Assets
- $10.8m
- Revenue
- $7.9m
- Investments
- $4.6m
- Employees
- 31
- Location
- Arlington, VA
- Founding
- 05/1942
- Data as of
- 04/2024
- EIN
- 36-0725250
Organization Overview
American Feed Industry Association Inc is located in Arlington, VA. The organization was established in 1942. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. As of 04/2024, American Feed Industry Association Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Feed Industry Association 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 04/2024, American Feed Industry Association Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $6.5m during the year ending 04/2024. While expenses have increased by 4.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECTIVES AND PURPOSES OF THE ASSOCIATION ARE TO PROVIDE LEADERSHIP THAT REPRESENTS THE INTERESTS OF THE FEED INDUSTRY AND ANIMAL AGRICULTURE INDUSTRIES RELATIVE TO STATE AND FEDERAL LEGISLATION AND REGULATION, TO PROVIDE LEADERSHIP AND REPRESENT THE INTERESTS OF THE FEED AND ANIMAL AGRICULTURE INDUSTRIES ON FOOD SAFETY, ANIMAL NUTRITION, ANIMAL WELFARE, ANIMAL HEALTH, EQUIPMENT, SALES AND MARKETING, INGREDIENT PURCHASING, PRODUCTION, TRANSPORTATION, SAFETY, ENERGY, ENVIRONMENT, AND OTHER SUBJECTS IMPORTANT TO MEMBERS, TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR EMPLOYEES OF MEMBER COMPANIES CONCERNING MANAGEMENT, NUTRITION, PRODUCTION, MARKETING, PURCHASING, ENVIRONMENT, SAFETY, ANIMAL HEALTH, INFORMATION TECHNOLOGY, AND OTHER SUBJECTS, TO KEEP MEMBERS INFORMED OF ISSUES IMPORTANT TO THEM AND PROVIDE A FORUM FOR MEMBER ACTION, AND TO WORK TO EXPAND GLOBAL BUSINESS OPPORTUNITIES OF MEMBERS AND FOSTER INTERNATIONAL DEMAND FOR INDUSTRY PRODUCTS, TECHNOLOGIES, AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES, SEMINARS, AND MEETINGS - DURING THE FISCAL YEAR AFIA FACILITATED MANY MEETINGS AND EDUCATIONAL CONFERENCES TO DISCUSS VARIOUS ISSUES IMPORTANT TO THE INDUSTRY AS A WHOLE AND PROPERLY EQUIP MEMBERS FOR THE CHALLENGES OF TODAY'S INDUSTRY ENVIRONMENT.
AFIA FOUR PROMISES REPORT - THIS ANNUAL PUBLICATION BY THE ASSOCIATION COVERS A RANGE OF TOPICS PERTINENT TO THEU.S. FEED INDUSTRY AND ITS SUPPLIERS. THE LATEST EDITION OF THE FOUR PROMISES REPORT FEATURED AN ANALYSIS OFLEGISLATIVE AND REGULATORY DEVELOPMENTS, A RECAP OF OUR RECENT EDUCATIONAL PROGRAMS AND CONFERENCES, AND A LIST OF AWARDS PRESENTED BY THE ASSOCIATION.
MEMBER INTEREST GROUPS - THE ASSOCIATION MAINTAINS OFFICIALLY RECOGNIZED GROUPS WHICH ARE SPECIFIC TO AREAS OF RESPONSIBILITY AND EXPERTISE ACROSS THE ASSOCIATION'S MEMBERSHIP. THE ROLE OF THESE GROUPS IS TO SHARE INFORMATION WITH MEMBER REPRESENTATIVES SPECIFIC TO THE GROUP AND ALSO GAIN THEIR INPUT AND DATA WHICH WILL ASSIST THE ASSOCIATION'S STAFF IN DEVELOPING ISSUE POSITIONS OR MEMBER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Gonzalez Chairman | OfficerTrustee | 5 | $0 |
Mike Gauss Immediate Past Chair | OfficerTrustee | 5 | $0 |
Leigh Ann Sayen Chair Elect | OfficerTrustee | 1 | $0 |
John Akridge Director | Trustee | 1 | $0 |
Scott Anderson Director | Trustee | 1 | $0 |
Kerry Courchaine Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Torrey Associates Llc Advisory | 4/29/24 | $180,196 |
Omni Hilton Head Oceanfront Resort Hotel | 4/29/24 | $104,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $541,925 |
| 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 | $541,925 |
| Total Program Service Revenue | $7,136,372 |
| Investment income | $191,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,699 |
| Net Gain/Loss on Asset Sales | -$30,900 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,902,855 |
| 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. | $2,327,491 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,107,194 |
| Pension plan accruals and contributions | $22,849 |
| Other employee benefits | $187,597 |
| Payroll taxes | $231,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $260,954 |
| Fees for services: Accounting | $49,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,184 |
| Fees for services: Other | $223,069 |
| Advertising and promotion | $0 |
| Office expenses | $9,208 |
| Information technology | $6,609 |
| Royalties | $0 |
| Occupancy | $295,104 |
| Travel | $102,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $861,667 |
| Interest | $14,159 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,635 |
| Insurance | $17,793 |
| All other expenses | $29,799 |
| Total functional expenses | $6,491,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,427 |
| Savings and temporary cash investments | $3,952,132 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $471,378 |
| 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 | $165,416 |
| Net Land, buildings, and equipment | $252,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,565,086 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,155,284 |
| Total assets | $10,797,763 |
| Accounts payable and accrued expenses | $849,310 |
| Grants payable | $0 |
| Deferred revenue | $152,167 |
| 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 | $42,440 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,609,507 |
| Total liabilities | $2,653,424 |
| Net assets without donor restrictions | $8,144,339 |
| 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 | $10,797,763 |