National Turkey Federation Inc
- Assets
- $2.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, DC
- Founding
- 09/1944
- Data as of
- 12/2021
- 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 12/2021, National Turkey Federation Inc employed 9 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 12/2021, National Turkey Federation Inc generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 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
2021
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 | $439,146 |
Lisa Picard SVP Policy, Trade & Reg Af | Officer | 40 | $209,650 |
Leslee Oden SVP Legislative Affairs | Officer | 40 | $162,927 |
Elizabeth Breeding VP Communications & Market | Officer | 40 | $157,325 |
Ronnie Parker Vice Chairman | OfficerTrustee | 2 | $0 |
Phil Seger Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,960,290 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,914 |
| 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 | $3,129,204 |
| Total Program Service Revenue | $301,763 |
| Investment income | $34,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,885 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,462,496 |
| 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. | $969,048 |
| Compensation of current officers, directors, key employees. | $242,262 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $822,683 |
| Pension plan accruals and contributions | $104,373 |
| Other employee benefits | $80,918 |
| Payroll taxes | $75,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $319,231 |
| Office expenses | $5,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $181,860 |
| 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 | $4,791 |
| Insurance | $0 |
| All other expenses | $58,553 |
| Total functional expenses | $3,454,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,100 |
| Savings and temporary cash investments | $279,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $165,544 |
| 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 | $157,589 |
| Net Land, buildings, and equipment | $32,555 |
| Investments—publicly traded securities | $1,263,429 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,867 |
| Total assets | $2,279,580 |
| Accounts payable and accrued expenses | $218,414 |
| Grants payable | $0 |
| Deferred revenue | $252,910 |
| 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 | $471,324 |
| Net assets without donor restrictions | $1,808,256 |
| 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 | $2,279,580 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Turkey Federation Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Virginia Poultry Federation Inc Harrisonburg, VA PURPOSE: RESEARCH PROGRAM | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Food Institute Inc Arlington, VA | $59,697,609 | $43,468,835 |
U S Wheat Associates Inc Arlington, VA | $10,059,888 | $16,530,559 |
Croplife America Arlington, VA | $12,856,651 | $16,559,084 |
Farm Credit Council Washington, DC | $26,254,503 | $9,583,866 |
International Dairy Foods Association Washington, DC | $19,193,960 | $9,213,468 |
Fertilizer Institute Arlington, VA | $18,942,460 | $8,038,493 |
United Fresh Produce Association Washington, DC | $12,439,759 | $7,316,558 |
Council For Responsible Nutrition Washington, DC | $3,435,827 | $6,857,561 |
American Society For Nutrition Inc Rockville, MD | $12,388,621 | $7,002,312 |
Snac International Arlington, VA | $7,767,502 | $4,045,674 |
National Turkey Federation Inc Washington, DC | $2,279,580 | $3,462,496 |
Plant Based Products Council Washington, DC | $1,396,615 | $2,336,683 |