Commercial Food Equipment Service Association Inc
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Fort Mill, SC
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 36-4865767
Organization Overview
Commercial Food Equipment Service Association Inc is located in Fort Mill, SC. The organization was established in 2017. As of 12/2021, Commercial Food Equipment Service Association Inc employed 6 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 12/2021, Commercial Food Equipment Service Association Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.5% 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Price Executive Dir. | OfficerTrustee | 40 | $95,018 |
Kirby Mallon President | OfficerTrustee | 5 | $0 |
Nick Cribb Vice President | OfficerTrustee | 5 | $0 |
David Duckworth Secretary | OfficerTrustee | 5 | $0 |
Dan Dibeler Treasurer | OfficerTrustee | 5 | $0 |
John Schwindt Past President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,949 |
| 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 | $72,949 |
| Total Program Service Revenue | $1,110,854 |
| 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 | $752 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,227,797 |
| 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. | $95,018 |
| Compensation of current officers, directors, key employees. | $95,018 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,203 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,636 |
| Payroll taxes | $23,984 |
| 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 | $7,290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $387,902 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,363 |
| Insurance | $19,428 |
| All other expenses | $155,719 |
| Total functional expenses | $1,148,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $695,775 |
| Savings and temporary cash investments | $8,212 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $275,718 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,458 |
| Prepaid expenses and deferred charges | $6,629 |
| Net Land, buildings, and equipment | $1,003,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,999,675 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $699,410 |
| 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 | $699,410 |
| 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 | $1,300,265 |
| Total liabilities and net assets/fund balances | $1,999,675 |
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