Foodservice Consultants Society International
- Assets
- $69.4k
- Revenue
- $59.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/1975
- Data as of
- 12/2021
- EIN
- 91-1179610
Organization Overview
Foodservice Consultants Society International is located in Louisville, KY. The organization was established in 1975. According to its NTEE Classification (K02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foodservice Consultants Society International 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 12/2021, Foodservice Consultants Society International generated $59.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $115.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FURTHER PROFESSIONALISM IN FOOD SERVICE & HOSPITALITY CONSULTING THROUGH EDUCATION AND PERSONAL DEVELOPMENT INCLUDING THE CERTIFICATION OF CONSULTANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION ABOUT THE FOOD SERVICE INDUSTRY THROUGH ANNUAL AND REGIONAL CONFERENCES AND THROUGH PUBLICATION OF A TRADE MAGAZINE
TO PROVIDE EDUCATION ABOUT THE FOOD SERVICE INDUSTRY THROUGH ANNUAL AND REGIONAL CONFERENCES AND THROUGH PUBLICATION OF A TRADE MAGAZINE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Morman Secretary/tr | Officer | $0 | |
Mario Sequeira President | Officer | $0 | |
William Caruso Director | Trustee | $0 | |
Jurg Luginbuehl Director | Trustee | $0 | |
Andrew Brain Director | Trustee | $0 | |
Frank Wagner Director | Trustee | $0 |
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 | $59,249 |
| Investment income | $5 |
| 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 | $59,254 |
| 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. | $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 | $71,070 |
| Fees for services: Legal | $1,768 |
| Fees for services: Accounting | $0 |
| 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 | $15 |
| Information technology | $6,356 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,983 |
| All other expenses | $349 |
| Total functional expenses | $115,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,283 |
| Savings and temporary cash investments | $37,116 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,399 |
| 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 | $69,399 |
| 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 | $69,399 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Corn Marketing Program Tt Delaware, OH | $5,408,879 | $4,205,519 |
National Black Farmers Association Incorporated Baskerville, VA | $2,385,863 | $2,914,443 |
Foodservice Consultants Society International Louisville, KY | $69,399 | $59,254 |
Kentucky Pest Control Educational Fund Lexington, KY | $39,322 | $0 |
Purchase Farm Analysis Group Inc Mayfield, KY | $63,120 | $0 |
Illinois Farmers Market Association Nfp North Aurora, IL | $15,471 | $0 |
Compost Fairy Memphis, TN | $44,013 | $0 |
Adventist Food Service Association Mc Donald, TN | $0 | $1,062 |
Shelby County Agricultural Development Foundation Inc Shelbyville, KY | $3,961 | $0 |