Convenience Distribution Association Inc
- Assets
- $8.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Reston, VA
- Founding
- 04/1946
- Data as of
- 12/2023
- EIN
- 53-0177225
Organization Overview
Convenience Distribution Association Inc is located in Reston, VA. The organization was established in 1946. 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 12/2023, Convenience Distribution Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Convenience Distribution 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 12/2023, Convenience Distribution Association Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INTERESTS OF CONVENIENCE PRODUCTS DISTRIBUTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS AND MEETINGS: NATIONAL CONVENTION AND TRADE SHOW ANNUALLY, SERVING APPROXIMATELY 200 MEMBER COMPANIES AND 20 NONMEMBER COMPANIES. ALSO, VARIOUS SMALLER MEETINGS CONDUCTING GENERAL ASSOCIATION BUSINESS.
GOVERNMENT AFFAIRS AND LEGISLATIVE ACTIVITIES: THE ASSOCIATION REPRESENTS MEMBERS ON ISSUES OF IMPORTANCE TO MEMBERS OF THE CANDY, TOBACCO AND RELATED INDUSTRIES.
PUBLICATIONS: CONVENIENCE DISTRIBUTION, A TRADE PUBLICATION SERVING APPROXIMATELY 5,000 MEMBERS AND NONMEMBERS.
SEMINARS AND EDUCATION PROGRAMS: THE ASSOCIATION SPONSORS SEMINARS AND PROVIDES MATERIALS TO EDUCATE MEMBERS ON ISSUES OF IMPORTANCE TO CANDY AND TOBACCO WHOLESALERS/DISTRIBUTORS AND ALLIED COMPANIES SUCH AS TECHNOLOGY SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Cooper Chair | OfficerTrustee | 1 | $0 |
Bill Stein 1st Vice Chair | OfficerTrustee | 1 | $0 |
Jodi Buckner Treas/second Vice Chair | OfficerTrustee | 1 | $0 |
Andy Plummer At Large Director | Trustee | 1 | $0 |
Kellie Janssen Chair Emeritus | Trustee | 1 | $0 |
Josh Altman Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capitol Decisions Inc Government Affairs | 12/30/23 | $108,000 |
Lange Kim & Dowell Llp Legal | 12/30/23 | $122,939 |
Williams Stearns Associates Pc Accounting | 12/30/23 | $113,553 |
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 | $2,863,603 |
| Investment income | $247,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,073 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,125,212 |
| 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. | $678,743 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,384 |
| Pension plan accruals and contributions | $19,459 |
| Other employee benefits | $39,721 |
| Payroll taxes | $53,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $122,939 |
| Fees for services: Accounting | $135,953 |
| Fees for services: Lobbying | $21,600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,175 |
| Fees for services: Other | $234,478 |
| Advertising and promotion | $27,847 |
| Office expenses | $46,099 |
| Information technology | $61,778 |
| Royalties | $0 |
| Occupancy | $8,400 |
| Travel | $72,834 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $708,437 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,393 |
| Insurance | $15,604 |
| All other expenses | $108,804 |
| Total functional expenses | $2,850,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $576,723 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179,668 |
| 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 | $227,794 |
| Net Land, buildings, and equipment | $5,520 |
| Investments—publicly traded securities | $7,873,107 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,385 |
| Total assets | $8,865,197 |
| Accounts payable and accrued expenses | $122,261 |
| Grants payable | $0 |
| Deferred revenue | $1,357,433 |
| 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 | $1,479,694 |
| Net assets without donor restrictions | $7,385,503 |
| 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 | $8,865,197 |