Commodity Market Council is located in Washington, DC. The organization was established in 1987. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Commodity Market Council employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commodity Market Council 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, Commodity Market Council generated $1.1m 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 (5.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) 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
TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVOCATE AND DEFEND, CONSISTENT WITH THE PUBLIC INTEREST, THE PRINCIPLES AND MERITS OF OPEN AND COMPETITIVE MARKETS FOR THE DISTRIBUTION OF AGRICULTURAL COMMODITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kevin Batteh General Counsel | Officer | 40 | $181,000 |
Jim Newsome President | Officer | 40 | $150,000 |
Allyson Del Rosario VP Finance | Officer | 40 | $98,000 |
Derek Sammann Treasurer | OfficerTrustee | 1 | $0 |
Mark Bagan Director | OfficerTrustee | 1 | $0 |
Clive Christison Vice Chairman | Officer | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Delta Strategy Group Government Affairs | 12/30/21 | $330,000 |
Hume Brophy Communications Consultants | 12/30/21 | $292,400 |
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 | $1,056,049 |
Investment income | $0 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,056,049 |
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. | $145,696 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $207,599 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $23,317 |
Fees for services: Management | $0 |
Fees for services: Legal | $528 |
Fees for services: Accounting | $11,261 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $705,733 |
Advertising and promotion | $4,829 |
Office expenses | $10,605 |
Information technology | $21,535 |
Royalties | $0 |
Occupancy | $35,725 |
Travel | $21,117 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $12,644 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,762 |
Insurance | $1,891 |
All other expenses | $6,486 |
Total functional expenses | $1,312,947 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $737,718 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $207,750 |
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 | $500 |
Net Land, buildings, and equipment | $1,191 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $947,159 |
Accounts payable and accrued expenses | $31,872 |
Grants payable | $0 |
Deferred revenue | $48,600 |
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 | $32,667 |
Total liabilities | $113,139 |
Net assets without donor restrictions | $834,020 |
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 | $947,159 |
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Commodity Market Council Washington, DC | $947,159 | $1,056,049 |
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