Commercial Food Equipment Service Association Inc is located in Fort Mill, SC. The organization was established in 2017. As of 12/2022, Commercial Food Equipment Service Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commercial Food Equipment Service 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 12/2022, Commercial Food Equipment Service Association Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. 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
PROVIDE SERVICE/EDUCATION TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION, TESTING, EVALUATION AND CERTIFICATION OF SERVICE TECHNICIANS TO PROMOTE AND MAINTAIN QUALITY CONTROL IN THE SERVICING OF FOOD EQUIPMENT.
PUBLICATION OF NEWSLETTERS, MEMBERSHIP/MANUFACTURERS DIRECTORY, TRAINING MANUALS AND WARRANTY FORMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Heather Price Executive Dir. | Officer | 40 | $105,338 |
Jeremy Allen Director | Trustee | 5 | $0 |
Katie Green Director | Trustee | 5 | $0 |
Robert Harris Director | Trustee | 5 | $0 |
Nathan Miller Director | Trustee | 5 | $0 |
Steve Sliter Director | Trustee | 5 | $0 |
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 | $1,347,174 |
Investment income | $1 |
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 | -$5,512 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,421,775 |
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. | $119,294 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $237,132 |
Pension plan accruals and contributions | $12,640 |
Other employee benefits | $20,102 |
Payroll taxes | $25,769 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $9,592 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $29,012 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $371,569 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $60,145 |
Insurance | $20,410 |
All other expenses | $129,578 |
Total functional expenses | $1,336,382 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $797,223 |
Savings and temporary cash investments | $8,212 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $356,680 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $5,865 |
Prepaid expenses and deferred charges | $22,902 |
Net Land, buildings, and equipment | $943,738 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,134,620 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $748,962 |
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 | $748,962 |
Net assets without donor restrictions | $0 |
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 | $1,385,658 |
Total liabilities and net assets/fund balances | $2,134,620 |