Cascadia Ift
- Assets
- $656.9k
- Revenue
- $130.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Edgewood, WA
- Founding
- Data as of
- 08/2024
- EIN
- 88-2164507
Organization Overview
Cascadia Ift is located in Edgewood, WA. 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. Cascadia Ift 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 08/2024, Cascadia Ift generated $130.0k in total revenue. All expenses for the organization totaled $135.9k during the year ending 08/2024.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE QUALITY, SAFETY AND GLOBAL RELATIONSHIP OF THE GREATER PUGET SOUND FOOD SYSTEM WHILE ADVOCATING FOR THE CULTIVATION, VALUATION, AND PROPER COMPENSATION OF CURRENT AND FUTURE FOOD SCIENTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERY YEAR THIS ORGANIZATION ORGANIZES AN EXPO FOR FOOD PROFESSIONALS OF ALL DISCIPLINES IN THE PACIFIC NORTHWEST. ON FEB 27, 2024, WE HELD OUR 45TH ANNUAL "SUPPLIER NIGHT EXPO" FOCUSING ON WASHINGTON FOOD SUPPLIERS/MANUFACTURERS. THE EVENT ATTRACTED OVER 180 ATTENDEES REPRESENTING 60 FOOD MANUFACTURERS WITH 140 BOOTHS.
OTHER PROGRAM SERVICES INVOLVED THE BEER BREWING EVENT HELD IN OCTOBER 12, 2023, WHERE CASCADIA IFT MEMBERS BREWED, BOTTLED, AND PACKED OVER 30 CASES OF BEER, ROOT BEER, AND CIDER AT GALLAGHERS' BREWING IN EDMONDS, WA AND ALSO THE DECEMBER HOLIDAY PARTY AND FOOD DRIVE WHERE 35 ATTENDED AND RAISED A TOTAL OF $2,550.00 FOR FOOD LIFELINE, A SEATTLE-BASED FOOD BANK CREATING MODERN SOLUTIONS TO SOLVE HUNGER.
SCHOLARSHIP NIGHT AND DINNER IS HELD EVERY SPRING. THIS YEAR THE EVENT WAS HELD ON FEB 22, 2024 AND INCLUDED AN EDUCATIONAL DISCUSSION TO OUR MEMBERS AND GUESTS. 10 SCHOLARSHIP RECIPIENTS WERE AWARDED THEIR CHECKS AND IPADS DURING THE MEETING. THE SCHOLARSHIP COMMITTEE, COMPRISING OF 5 MEMBERS AND A FEW ADDITIONAL VOLUNTEERS HELPED WITH THIS EVENT.
GOLF OUTING HAPPENED EVERY JUNE, ABOUT 15 VOLUNTEERS HELP PLAN AND EXECUTE THIS EVENT. THE MAIN PURPOSE OF THIS EVENT WAS TO HELP FUND SCHOLARSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Leboa President | Trustee | 1 | $0 |
Trey Sanders Past President | Trustee | 1 | $0 |
Manisha Polur President-Elect | Trustee | 1 | $0 |
Megan Pate Treasurer | Trustee | 1 | $0 |
Yuka Kobayashi Secretary | Trustee | 1 | $0 |
Jim Sutton Member-At-Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,120 |
| 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 | $3,120 |
| Total Program Service Revenue | $104,563 |
| Investment income | $22,330 |
| 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 | $130,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,080 |
| Fees for services: Other | $0 |
| Advertising and promotion | $107 |
| Office expenses | $920 |
| Information technology | $1,500 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,288 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $194 |
| All other expenses | $0 |
| Total functional expenses | $135,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,396 |
| Savings and temporary cash investments | $5,470 |
| 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 | $0 |
| Investments—publicly traded securities | $619,007 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $656,873 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $656,873 |
| Total liabilities and net assets/fund balances | $656,873 |