Produce Marketing Association
- Assets
- $26.3m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 75
- Location
- Newark, DE
- Founding
- 02/1970
- Data as of
- 12/2021
- EIN
- 51-0109583
Organization Overview
Produce Marketing Association is located in Newark, DE. The organization was established in 1970. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Produce Marketing Association employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Produce Marketing Association 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, Produce Marketing Association generated $9.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $15.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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 CONNECT, TO INFORM, AND TO DELIVER BUSINESS SOLUTIONS THAT ENHANCE MEMBERS' PROSPERITY. WE DO THIS THROUGH THREE VEHICLES - PRODUCTS, EVENTS, AND SERVICES. WE OFFER A SMALL PRODUCT LINE THAT INCLUDES TRAINING MODULES FOR EMPLOYEES TO GUIDES THAT HELP OUR MEMBERS DO THEIR DAY TO DAY JOBS. OUR EVENTS OFFER EDUCATIONAL OFFERINGS THAT INCLUDE THE ENTIRE SUPPLY CHAIN WHICH INCLUDES AN EXPOSITION COMPONENT SO THAT OUR MEMBERS CAN SHOWCASE THEIR PRODUCTS AND SERVICES WHILE MAKING NEW CONTACTS IN THE INDUSTRY. WE OFFER SERVICES SUCH AS OUR INFORMATION RESOURCES CENTER THAT ALLOWS OUR MEMBERS TO CONTACT US AND GET ANSWERS TO VARIOUS QUESTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER RELATIONS - 3000 COMPANY MEMBERS PMA, AS A VERTICALLY INTEGRATED INTERNATIONAL TRADE ASSOCIATION HAS A VERY DIVERSE MEMBERSHIP BASE WITH MEMBERS REPRESENTING 46 DIFFERENT COUNTRIES AROUND THE WORLD AND ALL SEGMENTS OF THE SUPPLY CHAIN.
FOOD SERVICE DELIVERED - 2,600+ ATTENDEES FOOD SERVICE DELIVERED IS PMA'S SECOND VIRTUAL CONFERENCE, CREATED DUE TO COVID-19 TO PROVIDE ACCESS TO IMPORTANT INDUSTRY INFORMATION AND OPPORTUNITIES TO CONNECT TO GROW MEMBERS' PROSPERITY. FOOD SERVICE DELIVERED ASPIRES TO BE AN EVENT FOR THE BROADER FOOD SERVICE INDUSTRY. IN 2021, MANY FOOD SERVICE OPERATORS, DISTRIBUTORS, AND GROWERS' BUSINESSES HAVE BEEN LEFT IN A CRITICAL STATE, SO FOODSERVICE: DELIVERED IS OFFERED COMPLIMENTARY TO PROVIDE ACCESS TO BUSINESS CONNECTIONS AND ENGAGEMENT WITH IMPORTANT INDUSTRY TOPICS TO MOVE THE INDUSTRY FORWARD.
FRESH SUMMIT - 10,000 ATTENDEES FRESH SUMMIT'S MAIN OBJECTIVE IS TO INCREASE GLOBAL PRODUCE AND FLORAL CONSUMPTION BY CREATING A COMMUNITY OF NEW IDEAS AND NEW CONNECTIONS. FRESH SUMMIT CONNECTS GLOBAL SUPPLY CHAIN PARTNERS, INFORMING THEM OF THE LATEST IN CONSUMER, BUSINESS, AND INDUSTRY TRENDS, AND PROVIDING A FORUM OT DEVELOP BUSINESS SOLUTIONS. DUE TO THE MULTIPLE HURRICANES AND SUBSEQUENT TROPICAL STORMS AT EVENT SITE, FRESH SUMMIT EVENT WAS NOT HOSTED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Burns Chief Executive Officer | Officer | 30 | $754,700 |
Lauren M Scott Chief Marketing Officer | Officer | 35 | $277,711 |
Yvonne Bull Chief Financial Officer | Officer | 30 | $255,795 |
Maxim Teplitski Chief Science Officer | Officer | 35 | $244,084 |
Edmund Treacy Vp, Supply Chain Efficiencies | 35 | $208,698 | |
Daniel Stark Chief Content Officer | Officer | 35 | $202,101 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clark Mcdowall Inc For New Ifpa Brand | 12/30/21 | $342,281 |
Perficient Inc For New Ifpa Website Build-out | 12/30/21 | $555,879 |
Fusionspan Software Contractor/salesforce Integrato | 12/30/21 | $342,090 |
Information Resources Inc Custom Market Research & Or Analytical S | 12/30/21 | $293,000 |
Cornerstone Government Affairs Inc Government Affairs Consulting | 12/30/21 | $240,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,596,022 |
| All other contributions, gifts, grants, and similar amounts not included above | $283,970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,879,992 |
| Total Program Service Revenue | $6,605,524 |
| Investment income | $437,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $116,393 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $625,352 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,750,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $398,699 |
| 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. | $3,897,647 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,977,023 |
| Pension plan accruals and contributions | $875,940 |
| Other employee benefits | $996,152 |
| Payroll taxes | $598,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,899 |
| Fees for services: Accounting | $79,732 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,788,353 |
| Advertising and promotion | $61,102 |
| Office expenses | $340,302 |
| Information technology | $262,523 |
| Royalties | $0 |
| Occupancy | $89,924 |
| Travel | $195,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $880,535 |
| Interest | $11,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $271,756 |
| Insurance | $124,083 |
| All other expenses | $0 |
| Total functional expenses | $15,795,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,835,083 |
| Savings and temporary cash investments | $3,506,704 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $274,497 |
| 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 | $834,862 |
| Net Land, buildings, and equipment | $2,060,618 |
| Investments—publicly traded securities | $15,858,707 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $349,281 |
| Other assets | $1,599,321 |
| Total assets | $26,319,073 |
| Accounts payable and accrued expenses | $1,049,488 |
| Grants payable | $0 |
| Deferred revenue | $12,485,778 |
| 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 | $4,027,714 |
| Total liabilities | $17,562,980 |
| Net assets without donor restrictions | $8,756,093 |
| 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 | $26,319,073 |
Grants Awarded
Over the last fiscal year, Produce Marketing Association has awarded $795,942 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR PRODUCE RESEARCH PURPOSE: General Support | $448,883 |
Newark, DE PURPOSE: General Support | $347,059 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mexican Haas Avocado Importers Association Fallston, MD | $10,238,623 | $43,648,629 |
Global Associations Of Risk Proffesionals Inc Jersey City, NJ | $66,882,119 | $55,059,565 |
Workers Compensation Security Fund Basking Ridge, NJ | $229,766,675 | $28,644,741 |
Institute Of Management Accountants Inc Montvale, NJ | $66,070,856 | $22,842,202 |
Regional Industrial Development Corporation Of Sw Pa Pittsburgh, PA | $178,323,730 | $33,758,702 |
Auto Care Association Bethesda, MD | $28,060,840 | $19,420,739 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Produce Marketing Association Newark, DE | $26,319,073 | $9,750,513 |
Mechanical Contractors Association Of America Inc Rockville, MD | $31,715,254 | $22,083,810 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |