American Pecan Promotion Board

Organization Overview

American Pecan Promotion Board is located in Fort Worth, TX. 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. American Pecan Promotion Board 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 09/2023, American Pecan Promotion Board generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $7.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE AMERICAN PECAN PROMOTION BOARD OPERATES THE PECAN RESEARCH AND PROMOTION PROGRAM UNDER THE COMMODITY PROMOTION, RESEARCH, AND INFORMATION ACT OF 1996 (7 U.S.C. 7411-7425). THE PURPOSE OF THE PROGRAM IS TO STRENGTHEN THE POSITION OF PECANS IN THE MARKETPLACE, MAINTAIN AND EXPAND MARKETS FOR PECANS, AND DEVELOP NEW USES FOR PECANS IN ACCORDANCE WITH THE PECAN PROMOTION, RESEARCH, AND INFORMATION ORDER (7 C.F.R. PART 1223).

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRIMARY FUNCTION OF THE ORGANIZATION IS TO GENERICALLY PROMOTE PECAN CONSUMPTION, STRENGTHEN THE POSITION OF PECANS IN THE MARKETPLACE, MAINTAIN AND EXPAND MARKETS FOR PECANS, AND RESEARCH AND DEVELOP NEW USES FOR PECANS. THESE FUNCTIONS ARE ACHIEVED BY UTILIZING PROMOTION AND MARKETING TECHNIQUES TO PROMOTE OVERALL PECAN CONSUMPTION. TO AID IN PECAN PROMOTION, THE ORGANIZATION HAS INVESTED IN PUBLIC EDUCATION CAMPAIGNS ABOUT THE BENEFITS AND USES OF PECANS AND INTO A FREE RESEARCH LIBRARY OF EXISTING SCIENTIFIC ARTICLES RELATED TO PECANS AND PECAN CONSUMPTION. THIS PECAN RESEARCH LIBRARY WILL BE USED TO PROVIDE RELEVANT INFORMATION TO THE PUBLIC AND TO DIRECT FUTURE RESEARCH PROJECTS AND MARKETING MANAGED BY THE ORGANIZATION.


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Board, Officers & Key Employees

Name (title)Compensation
Dave Salopek
Chair
$0
B Michael Adams
Vice-Chair
$0
Paul Quiros
Secretary
$0
Deborah Walden-Ralls
Treasurer
$0
T Trenton Mason
Director
$0
Molly Willis
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Digital Magnet Llc
Promotion
$550,000
Armstrong Backus & Co Llp
Accounting
$181,868
Ajo Strategies Llc
Contract Labor
$135,000
View All Vendors

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$10,037,594
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 $10,037,594

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