Commodity Market Council
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 09/1987
- Data as of
- 12/2022
- EIN
- 52-1420879
Organization Overview
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 12/2022, 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 12/2022, Commodity Market Council generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Sammann Treasurer | OfficerTrustee | 1 | $0 |
Charles Carey Chairman | Trustee | 1 | $0 |
Jim Newsome President | Officer | 40 | $0 |
Allyson Del Rosario VP Finance | Officer | 40 | $131,650 |
Kevin Batteh General Counsel | Officer | 40 | $189,550 |
John Murphy Vice Chairman | Officer | 1 | $0 |
Outside Vendors & Contractors
| 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 |
Financial Statements
| 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 | $1,368,900 |
| 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 | $1,368,900 |
| 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. | $366,198 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,275 |
| 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 | $659,517 |
| Advertising and promotion | $9,829 |
| Office expenses | $21,109 |
| Information technology | $16,113 |
| Royalties | $0 |
| Occupancy | $34,753 |
| Travel | $23,111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $156,532 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,508 |
| Insurance | $2,102 |
| All other expenses | $0 |
| Total functional expenses | $1,372,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $769,216 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184,900 |
| 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 | $48,215 |
| Net Land, buildings, and equipment | $1,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,525 |
| Total assets | $1,068,245 |
| Accounts payable and accrued expenses | $43,210 |
| Grants payable | $0 |
| Deferred revenue | $112,550 |
| 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 | $81,762 |
| Total liabilities | $237,522 |
| Net assets without donor restrictions | $830,723 |
| 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 | $1,068,245 |