Tpf Association Inc
- Assets
- $180.7k
- Revenue
- $83.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Hollywood, FL
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 95-4607439
Organization Overview
Tpf Association Inc is located in Hollywood, FL. The organization was established in 1997. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Tpf Association Inc 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, Tpf Association Inc generated $83.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $72.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A GLOBAL NETWORK OF FREIGHT FORWARDING BUSINESS PARTNERS, WITH THE OBJECTIVE OF LENDING SUPPORT TO INDEPENDENT FREIGHT FORWARDERS. TO PROVIDE A MARKETING AND COMMUNICATIONS NETWORK FOR INTERNATIONAL FREIGHT FORWARDERS AND TO PROVIDE A FORUM FOR EXCHANGE OF IDEAS REGARDING INTERNATIONAL FREIGHT FORWARDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL ASSEMBLY MEETING (GAM): GAM STANDS FOR GENERAL ASSEMBLY MEETING AND IT IS TPF'S MAIN PROGRAM AND AND EVENT. THE TPF GENERAL ASSEMBLY MEETS ANNUALLY AT A VENUE AND ON A DATE PROPOSED AND APPROVED BY MEMBERS. THE VENUE CHANGES EVERY YEAR SO THAT EACH MEMBER IS GIVEN THE OPPORTUNITY OF HOSTING A GENERAL ASSEMBLY MEETING IN THEIR COUNTRY. HOWEVER, IN 2022, THE GAM STILL HAD TO TAKE PLACE ONLINE DUE TO THE WORRIES CAUSED BY THE WAR BETWEEN UKRAINE AND RUSSIA.STILL, THE VIRTUAL GAM PROVIDED MEMBERS WITH THE OPPORTUNITY TO MEET THEIR COUNTERPARTS FROM THE REST OF THE WORLD ONLINE BOTH IN GROUP MEETINGS AND IN ONE-TO-ONE MEETINGS.THE ULTIMATE PURPOSES OF THE GAM ARE TO STRENGTHEN RELATIONSHIPS, DISCUSS THE CURRENT STATE OF THE INTERNATIONAL TRANSPORTATION SYSTEM, STRATEGIZE METHODS TO BETTER SERVE MEMBERS' MUTUAL CLIENTS, DEVELOP BUSINESS TOGETHER AND MAKE JOINT DECISIONS ABOUT THE FUTURE OF THE ASSOCIATION. AND THIS WAS DONE ONLINE SUCCESSFULLY.IN RECENT YEARS, THIS MEETING IS BEING USED AS A RECRUITMENT TOOL. COMPANIES THAT COULD BECOME MEMBERS OF OUR NETWORK ARE INVITED TO JOIN US AT THE GAM SO THAT THEY CAN GET TO KNOW THE MEMBERS PERSONALLY AND SEE HOW WE WORK TOGETHER. THIS HAS PROVEN A SUCCESSFUL WAY OF RECRUITING NEW MEMBERS AND OF KEEPING MEMBERSHIP SATISFIED.THE MINUTES OF THE GAM ARE RECORDED AND DISTRIBUTED WITHIN THE PERIOD OF ONE MONTH LATER. THESE MINUTES ARE KEPT IN AN APPROPRIATE REGISTER AT THE MANAGEMENT OFFICE.
IN-HOUSE PROTECTION PROGRAMIN ORDER TO GUARANTEE MEMBER-TO-MEMBER PAYMENTS, TPF CREATED A FUND THAT WOULD PROVIDE FINANCIAL COVERAGE IN THE EVENT OF NON-PAYMENT BETWEEN TPF MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Desmond Falla Chairman, CEO | OfficerTrustee | 5 | $0 |
Laura Villegas Vice-Chairman, Cco | OfficerTrustee | 5 | $0 |
Ronald Schottelndreier Cmo | OfficerTrustee | 5 | $0 |
Arvind Kumar Sharma Treasurer,cfo | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $81,138 |
| 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 | $81,138 |
| Total Program Service Revenue | $2,700 |
| 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 | $83,838 |
| 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 | $49,428 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| 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 | $1,308 |
| Information technology | $1,880 |
| 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 | $11,665 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,116 |
| All other expenses | $0 |
| Total functional expenses | $72,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,614 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,276 |
| 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 | $4,043 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $725 |
| Total assets | $180,658 |
| Accounts payable and accrued expenses | $6,129 |
| 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 | $126,665 |
| Total liabilities | $132,794 |
| 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 | $50,000 |
| Retained earnings, endowment, accumulated income, or other funds | -$2,136 |
| Total liabilities and net assets/fund balances | $180,658 |