National Turkey Federation Inc
- Assets
- $4.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 09/1944
- Data as of
- 12/2022
- EIN
- 36-2033000
Organization Overview
National Turkey Federation Inc is located in Washington, DC. The organization was established in 1944. 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 12/2022, National Turkey Federation Inc employed 8 individuals. This organization is the central organization for a national or regional group of organizations. National Turkey Federation 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 12/2022, National Turkey Federation Inc generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. 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 PROMOTE THE CONSUMPTION OF TURKEY IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT LEADERSHIP CONFERENCE AND CONVENTION FOR MEMBERS.
CONSUMER AWARENESS PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Brandenberger President | OfficerTrustee | 40 | $488,666 |
Al Jansen Member | Trustee | 2 | $0 |
Alice Johnson Member | Trustee | 2 | $0 |
Andy Westbrock Member | Trustee | 2 | $0 |
Barry Koppen Member | Trustee | 2 | $0 |
Ben Pitman Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,866,729 |
| 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 | $2,866,729 |
| Total Program Service Revenue | $735,185 |
| Investment income | $39,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $66,784 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,708,447 |
| 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. | $1,299,178 |
| Compensation of current officers, directors, key employees. | $324,794 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $680,758 |
| Pension plan accruals and contributions | $6,364 |
| Other employee benefits | $31,194 |
| Payroll taxes | $80,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,852 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $480,652 |
| Office expenses | $8,378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $178,370 |
| 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 | $6,248 |
| Insurance | $0 |
| All other expenses | $84,084 |
| Total functional expenses | $3,711,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,735 |
| Savings and temporary cash investments | $445,869 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,938 |
| 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 | $121,944 |
| Net Land, buildings, and equipment | $23,329 |
| Investments—publicly traded securities | $965,799 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,253,855 |
| Total assets | $4,253,469 |
| Accounts payable and accrued expenses | $104,794 |
| Grants payable | $0 |
| Deferred revenue | $334,705 |
| 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 | $2,236,976 |
| Total liabilities | $2,676,475 |
| Net assets without donor restrictions | $1,576,994 |
| 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 | $4,253,469 |