Beverage Association Of Tennessee
- Assets
- $265.6k
- Revenue
- $363.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 12/1944
- Data as of
- 10/2020
- EIN
- 62-0425350
Organization Overview
Beverage Association Of Tennessee is located in Nashville, TN. The organization was established in 1944. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverage Association Of Tennessee 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 10/2020, Beverage Association Of Tennessee generated $363.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $382.5k during the year ending 10/2020. While expenses have increased by 2.6% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION'S MISSION IS TO INSURE THERE EXISTS A CONDUCIVE BUSINESS CLIMATE IN TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION MEETS AS NEEDED AND PARTICIPATES IN GOVERNMENTAL AND PUBLIC RELATIONS ACTIVITIES TO ASSIST AND ASSURE THAT IT IS MEETING ITS MISSION TO ENSURE THAT THERE IS A BUSINESS CLIMATE IN TENNESSEE CONDUCIVE TO THE PRODUCTION AND/OR DISTRIBUTION OF SOFT DRINKS AND OTHER PRODUCTS RELATED TO MEMBER SOFT DRINK COMPANIES.
THE ASSOCIATION MEETS AS NEEDED AND PARTICIPATES IN GOVERNMENTAL AND PUBLIC RELATIONS ACTIVITIES TO ASSIST AND ASSURE THAT IT IS MEETING ITS MISSION TO ENSURE THAT THERE IS A BUSINESS CLIMATE IN TENNESSEE CONDUCIVE TO THE PRODUCTION AND/OR DISTRIBUTION OF SOFT DRINKS AND OTHER PRODUCTS RELATED TO MEMBER SOFT DRINK COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Adkins President (non-Voting) | OfficerTrustee | 60 | $161,333 |
Raymond Thomasson Treasurer(non Voting) | OfficerTrustee | 60 | $60,000 |
Martha Gentry Secretary (non Voting) | OfficerTrustee | 1.3 | $4,000 |
Martin Williams Chairman | OfficerTrustee | 1.3 | $0 |
Baxter Caldwell Director At Large | Trustee | 1.3 | $0 |
Arnie Flores Director | Trustee | 1.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $999 |
| 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 | $363,194 |
| Statement of Expenses | |
|---|---|
| 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. | $265,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,915 |
| Fees for services: Accounting | $7,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,436 |
| Travel | $7,137 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,891 |
| All other expenses | $0 |
| Total functional expenses | $382,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,649 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $265,649 |
| 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 | $0 |
| Other liabilities | $477 |
| Total liabilities | $477 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $265,172 |
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