Overview
What is Specialty Food Association Inc?
The Specialty Food Association Inc, based in New York City, functions as a trade association connecting specialty food makers and buyers. With a membership of over 3,800 specialty food companies, they foster growth in the specialty foods marketplace through media programs, industry insights, and the annual Fancy Food Shows. The mission of the Specialty Food Association is to nurture and champion its members, enabling them to deliver innovative products and expand the consumption of specialty foods. The organization currently employs approximately 58 individuals.
Official website here: www.specialtyfood.com
What are the reviews and ratings of this charity?
The Specialty Food Association Inc is currently not rated by Charity Navigator. This lack of a rating stems from the organization's classification, as it is not a 501(c)(3) IRS registered nonprofit. Charity Navigator necessitates such a status to apply its evaluation criteria, including Accountability & Finance and Impact & Measurement.
The absence of a formal rating does not imply either a positive or negative assessment of the Specialty Food Association Inc. Instead, it highlights a limitation in the evaluation process due to the organization's IRS classification. This means potential donors or interested parties might need to look for other ways to assess its operations and effectiveness.
No user reviews are available from GreatNonprofits, limiting public insight into the experiences and subjective evaluations of those who have interacted with or benefited from the organization. This absence could point to a lack of public feedback, either positive or negative, about the organization's operations.
This AI summary has been generated from information found on Charity Navigator.
Is Specialty Food Association Inc legitimate?
Specialty Food Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Specialty Food Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,846,802
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,320,371
For more financial information, click here
Official website here: www.specialtyfood.com
What is the mission statement of Specialty Food Association Inc?
The Specialty Food Association Inc is a trade organization that supports the thriving specialty foods marketplace. Its mission is to champion and nurture its members, numbering over 3,800 specialty food companies, by delivering innovative products and expanding consumption of specialty foods. The association focuses on connecting makers and buyers, offering industry insights, and enhancing members' data and profiles through its best-in-class Fancy Food Shows. These events provide a crucial platform for fostering valuable industry connections. By fostering a vibrant marketplace and connecting industry players, the Specialty Food Association Inc plays a significant role in the growth and success of the specialty food industry.
Official website here: www.specialtyfood.com
Who is the CEO of Specialty Food Association Inc?
William Lynch is the Chair of Specialty Food Association Inc.
Official website here: www.specialtyfood.com
What is the revenue of Specialty Food Association Inc?
Specialty Food Association Inc's revenue in 2022 was $31,371,451.
Official website here: www.specialtyfood.com
Who are the executives of Specialty Food Association Inc and what are their salaries?
The average compensation at Specialty Food Association Inc during 2022 was $106,331. There are 58 employees and 80 volunteers at Specialty Food Association Inc.
Here are 27 key members and their salaries:
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $421,436
- Related: $0
- Other: $173,818
- Compensation: $345,363
- Related: $0
- Other: $29,508
- Compensation: $210,047
- Related: $0
- Other: $21,766
- Compensation: $208,322
- Related: $0
- Other: $35,738
- Compensation: $159,395
- Related: $0
- Other: $13,082
- Compensation: $167,739
- Related: $0
- Other: $61,201
- Compensation: $159,086
- Related: $0
- Other: $31,423
- Compensation: $157,459
- Related: $0
- Other: $21,435
- Compensation: $159,644
- Related: $0
- Other: $11,226
- Compensation: $154,974
- Related: $0
- Other: $21,268
- Compensation: $101,267
- Related: $0
- Other: $13,213
Official website here: www.specialtyfood.com
Where can I find the form 990 for Specialty Food Association Inc?
Specialty Food Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.specialtyfood.com
Learn more at the official website: www.specialtyfood.com
Mission Statement of Specialty Food Association Inc
The Specialty Food Association, Inc. (SFA) is a thriving trade organization dedicated to fostering the specialty foods marketplace. Through its media programs, the Fancy Food Show, and a membership of over 3,800 specialty food companies, SFA champions and nurtures its members to deliver innovative products and expand the consumption of specialty foods. The Association's mission goes beyond just connecting makers and buyers; it provides industry insights, improves, and runs the Fancy Food Shows, making it a leader in enhancing members' data and profile across all interactions. By doing so, SFA sets the bar high in the specialty food industry, fostering growth and success for its members.
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Impact
October, 2024
The Specialty Food Association Inc plays a pivotal role in the specialty foods marketplace by fostering connections between makers and buyers, enhancing industry insights, and driving innovation. With a membership of over 3,800 specialty food companies, the Association champions and nurtures its members, helping them to deliver unique and innovative products that expand consumer consumption of specialty foods.
Through events like the Fancy Food Show, the Association creates opportunities for its members to showcase their products, network, and gain exposure in the competitive market. By running these shows and facilitating community engagement, they enhance members' visibility and profile, ensuring that the diverse offerings within the specialty food industry are recognized and appreciated.
Furthermore, the Specialty Food Association actively works to improve the marketplace by providing valuable data and insights, which help members navigate trends and consumer preferences. This commitment to connection and improvement ultimately leads to a thriving specialty foods sector, benefiting both producers and consumers alike.
This information is meant to be a general summary of Specialty Food Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $767,316
- Program Service Revenue: $20,500,813
- Gross Receipts: $53,031,846
Assets and Liabilities:
- Total Assets: $75,601,880
- Total Liabilities: $15,715,007
- Net Assets: $59,886,873
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRADE SHOWS / EVENTS
Revenue
$17,696,304
MEMBERSHIP DUES
Revenue
$1,303,056
MAGAZINE / WEBSITE
Revenue
$1,108,968
EDUCATION
Revenue
$392,485
Organization Details
Founding Year
1952
Phone
(212) 482-6440Principal Officer
William Lynch
Main Address
136 MADISON AVENUE 12TH FL, NEW YORK, NY, 10016
Website
www.specialtyfood.comNTEE Category
Code: S41 - Community improvement
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