Fine Chocolate Industry Association is located in Hamilton, MT. The organization was established in 2014. 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. Fine Chocolate Industry Association 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 12/2022, Fine Chocolate Industry Association generated $268.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $262.7k during the year ending 12/2022. While expenses have increased by 12.3% per year over the past 8 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
DEVELOPMENT AND INNOVATION OF THE FINE CHOCOLATE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINE CHOCOLATE INDUSTRY ASSOCIATION (FCIA) IS A PROFESSIONAL NON-PROFIT ORGANIZATION REPRESENTING THE FINE CHOCOLATE INDUSTRY. THE MISSION IS TO PROMOTE QUALITY, INNOVATIONS, ETHICAL SOURCING, AND BEST PRACTICES IN THE FINE CHOCOLATE INDUSTRY FROM TREE TO BAR AND BONBON. FCIA ACHIEVES THIS BY:BUILDING A COMMUNITY OF MEMBERS ALONG THE ENTIRE CACAO VALUE CHAINCELEBRATING AND PROMOTING OUR MEMBERS WORKSUPPORTING ETHICAL SOURCING OF CACAO AND OTHER INGREDIENTSBECOMING THE VOICE OF FINE CHOCOLATE TO THE MEDIA REGARDING GROWING, PRODUCTION AND CONSUMPTION OF CHOCOLATE.SHARING INFORMATION FOR CHOCOLATE PROFESSIONALS ON BEST PRACTICES, INGREDIENTS, PROCESSING, EQUIPMENT AND TECHNOLOGY.SUPPORT THE DEFINING OF INDUSTRY STANDARDS FOR FINE CACAO, CHOCOLATE PRODUCTION AND USE, SENSORY ANALYSIS AND QUALITY INGREDIENTS.CONTRIBUTE TO IMPROVING THE ECONOMIC PROSPECTS OF SMALLHOLDER CACAO FARMERSBUILDING PARTNERSHIPS TO STRENGTHEN THE VALUE CHAIN AND PRESERVE FINE CACAO VARIETIES.IN 2022 WE CONTINUED TO DELIVER PROGRAMMING VIRTUALLY THROUGH WEBINARS IN PERSON EVENTS AT DALLAS CHOCOLATE FESTIVAL AND NORTHWEST CHOCOLATE FESTIVAL AND DEVELOPED THE FINE CHOCOLATE GLOSSARY WHICH SERVES AS A SHARED SPACE FOR LEADING EXPERTS TO ESTABLISH A COMMON LANGUAGE FOR ALL THINGS CHOCOLATE. . ADDITIONALLY WE CONTINUED TO WORK WITH USAID AND USDA ON TWO INITIATIVES TSIRO ALLIANCE AND MOCCA. TSIRO ALLIANCEFCIA ALONG WITH USAID, CATHOLIC RELIEF SERVICES (CRS), AND A GROUP OF INTERNATIONAL COMPANIES WORKING IN CACAO AND SPICES JOINED FORCES TO HELP ADDRESS SOME OF MADAGASCARS CRITICAL ENVIRONMENTAL AND ECONOMIC PROBLEMS, WITH THE CREATION OF THE TSIRO ALLIANCE. THE ALLIANCE FOCUSES ON CONSERVING BIODIVERSITY AND IMPROVING THE LIVELIHOODS OF SMALLHOLDER CACAO AND SPICE FARMERS TO SUPPORT AGROFORESTRY SYSTEMS, AND ENHANCING BIODIVERSITY IN MADAGASCAR. THIS PUBLIC-PRIVATE PARTNERSHIP WILL INVEST IN DIVERSIFYING INCOME STREAMS, USING CLIMATE-SMART AGRICULTURE TECHNIQUES, AND REASSERTING THE VALUE OF HEALTHY TREES AND ECOSYSTEMS TO SUPPORT MADAGASCARS FRAGILE ECOSYSTEM. THE FINE CHOCOLATE INDUSTRY ASSOCIATION (FCIA) LINKS TO A GLOBAL NETWORK OF EXPERTS AND CONSUMER TOUCHPOINTS.MOCCAMOCCA, WHICH STANDS FOR MAXIMIZING OPPORTUNITIES FOR COFFEE AND CACAO IN THE AMERICAS, IS A JOINT EFFORT BETWEEN USDA, LUTHERAN WORLD RELIEF, TECHNOSERVE AND FCIA. THE MOCCA PROGRAM FOCUSES ON APPLYING MARKET SOLUTIONS TO HELP COFFEE AND COCOA PRODUCERS OVERCOME THE BARRIERS THAT LIMIT THEIR ABILITY TO RENOVATE AND REHABILITATE THEIR PLANTATIONS, IMPROVING THEIR PRODUCTION YIELDS, MARKETING CAPABILITIES, INCOME AND LIVELIHOODS. FCIA WORKS WITH MOCCA TO PROVIDE TRAINING FOR FARMERS AS WELL AS COMMUNICATION ON FLAVOR PROFILES TO PROSPECTIVE BUYERS OF FINE FLAVOR CACAO.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ephi Maglaris Executive Dir. | Officer | 40 | $60,830 |
Monica Rogan Director | Trustee | 1 | $0 |
Clark Guittard Director | Trustee | 1 | $0 |
Emily Stone Director | Trustee | 1 | $0 |
Maricel Presilla Director | Trustee | 1 | $0 |
Shadel Nyack Compton Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $133,700 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $131,064 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $264,764 |
Total Program Service Revenue | $3,890 |
Investment income | $17 |
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 | $268,671 |
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. | $60,830 |
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 | $28,766 |
Fees for services: Legal | $909 |
Fees for services: Accounting | $29,944 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $106,599 |
Advertising and promotion | $7,743 |
Office expenses | $2,490 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $9,239 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,049 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,187 |
All other expenses | $0 |
Total functional expenses | $262,696 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $93,332 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $6,958 |
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 | $3,300 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $103,590 |
Accounts payable and accrued expenses | $295 |
Grants payable | $0 |
Deferred revenue | $55,746 |
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 | $1 |
Total liabilities | $56,042 |
Net assets without donor restrictions | $47,548 |
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 | $103,590 |