Southeast Produce Council
- Assets
- $7.1m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Millen, GA
- Founding
- 11/2000
- Data as of
- 05/2022
- EIN
- 59-3588273
Organization Overview
Southeast Produce Council is located in Millen, GA. The organization was established in 2000. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 05/2022, Southeast Produce Council employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Produce 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 05/2022, Southeast Produce Council generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $4.5m during the year ending 05/2022. While expenses have increased by 6.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE SOUTHEASTERN PRODUCE COMMUNITY WITH INNOVATIVE NETWORKING, COMMUNITY, AND EDUCATIONAL OPPORTUNITIES WHILE OFFERING A PLATFORM FOR BUILDING PROFESSIONAL REALTIONSHIPS BASED ON TRUST, INTEGRITY, AND PASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHERN EXPOSURE :A PREMIER TRADE SHOW EVENT IN THE PRODUCE INDUSTRY. ATTENDED BY THE TOP RETAILERS, FOODSERVICE OPERATORS, GROWERS, SHIPPERS, AND SERVICE MEMBERS IN THE INDUSTRYSTEP UPP: FLAGSHIP DEVELOPMENT PROGRAM FOR UP AND COMING PRODUCE PROFESSIONALS. REGARDED AS BEST IN THE INDUSTRY, THE PROGRAM HAS DEVELOPED OVER 100 INDUSTRY LEADERS.STARS:DEVELOPED TO REACH AND RETAIN THE BRIGHTEST STUDENTS FOR OUR INDUSTRY. HAS GROWN TO INCLUDE 8 SCHOOLS AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sherrod President CEO | 40 | $258,000 | |
Mike Roberts Secretary | Officer | 1 | $0 |
Raina Nelson Chair | Officer | 1 | $0 |
Tim Grass Vice Chair | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $741,760 |
| 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 | $741,760 |
| Total Program Service Revenue | $5,210,709 |
| Investment income | $801 |
| 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 | $5,998,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $139,992 |
| Grants and other assistance to domestic individuals. | $68,764 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $258,000 |
| Compensation of current officers, directors, key employees. | $64,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,932 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $107,770 |
| Payroll taxes | $23,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,320 |
| Advertising and promotion | $129,401 |
| Office expenses | $16,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,529 |
| Travel | $9,372 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,883 |
| Interest | $1,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,328 |
| Insurance | $10,256 |
| All other expenses | $153,729 |
| Total functional expenses | $4,469,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,053,969 |
| Savings and temporary cash investments | $772,948 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $449,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $834,082 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,110,033 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,724 |
| Other liabilities | $0 |
| Total liabilities | $6,724 |
| Net assets without donor restrictions | $7,103,309 |
| 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 | $7,110,033 |
Grants Awarded
Over the last fiscal year, Southeast Produce Council has awarded $0 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ARNOLD PALMER HOSPITAL FOR CHILDREN PURPOSE: OPERATING EXPENSE | $0 |
Vidalia, GA PURPOSE: OPERATING EXPENSE | $0 |
Columbus, MS PURPOSE: OPERATING EXPENSE | $0 |
Big Island, VA PURPOSE: OPERATING EXPENSE | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Farm Bureau Federation Inc Raleigh, NC | $43,526,522 | $15,980,144 |
Montgomery Academy Inc Montgomery, AL | $22,347,255 | $11,005,286 |
Georgia Farm Bureau Federation Macon, GA | $39,904,441 | $13,619,773 |
Tennessee Farm Bureau Federation Columbia, TN | $127,985,651 | $12,173,337 |
Florida Farm Bureau Federation Gainesville, FL | $41,575,612 | $9,616,560 |
South Carolina Farm Bureau Federation Columbia, SC | $51,878,681 | $8,239,194 |
Agricenter International Inc Memphis, TN | $11,833,861 | $6,132,848 |
Southeast Produce Council Millen, GA | $7,110,033 | $5,998,694 |
United Food And Commercial Workers International Union Hermitage, TN | $1,044,868 | $3,906,250 |
United Food And Commercial Workers International Union Lakeland, FL | $1,227,147 | $3,715,232 |
American Dairy Goat Association Spindale, NC | $1,569,647 | $2,322,313 |
Florida Thoroughbred Breeders Association Inc Ocala, FL | $6,294,766 | $2,891,430 |