Overview
What is International Society Of Beverage Technologists?
The International Society of Beverage Technologists (ISBT) is a distinguished nonprofit organization, headquartered in Dallas, Texas. Its primary mission is to serve as a collaborative platform for technical professionals in the beverage industry, fostering the expansion of expertise and progress in beverage science. The society focuses on various aspects of the beverage production process, including formulation, production, packaging, equipment, and distribution. To achieve this mission, ISBT provides a range of resources and services. Its annual Beverage Institute meeting offers a series of online lectures for beverage professionals worldwide, making specialized knowledge easily accessible. Members can access the BevTech proceedings and take advantage of the organization's initiatives, such as the development of volunteer, beverage-focused finish guidelines. ISBT also offers a Beverage Industry Resource Guide, which enables members to boost their company's visibility within the industry by doing business with fellow members. Membership in ISBT also grants access to various manuals, guidelines, and publications, further enhancing their professional expertise. In addition to these resources, ISBT publishes newsletters several times a year, featuring updates on association and industry events, job postings, and other relevant information. Overall, the International Society of Beverage Technologists serves as a valuable hub for beverage industry professionals, promoting collaboration, knowledge sharing, and the advancement of beverage science.
Official website here: www.bevtech.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, Two-Star out of Four Star rating. The International Society of Beverage Technologists has received a two-star rating, indicating that while it demonstrates some strengths in governance and accountability, it has significant weaknesses in financial transparency. The organization has a solid independent board structure, scoring full points in both board independence and size, which suggests effective governance.
However, the low score in financial statements, where it received zero points, raises concerns about the availability and clarity of financial information. Additionally, the society does not have a whistleblower policy or a documented retention and destruction policy, which are critical for promoting transparency and accountability. The absence of these policies may impact stakeholder trust.
On a positive note, the organization has a relatively low liabilities to assets ratio of 18.47%, indicating financial stability in terms of obligations. Its program expense ratio of 60.89% shows that a substantial portion of its expenses is directed towards program services, which is generally viewed favorably. Overall, while the organization has strengths in governance, it needs significant improvements in financial transparency and policy implementation.
This AI summary has been generated from information found on Charity Navigator.
Is International Society Of Beverage Technologists legitimate?
International Society Of Beverage Technologists is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Society Of Beverage Technologists 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: $133,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bevtech.org
What is the mission statement of International Society Of Beverage Technologists?
The International Society of Beverage Technologists (ISBT) aims to serve as a networking platform, fostering technical collaboration among its members. Its mission is centered around expanding expertise and advancing beverage science, with a focus on areas such as beverage formulation, production, packaging, equipment, and distribution. The society provides valuable resources to its members, including annual meetings, a beverage institute, newsletters, manuals, guidelines, and a resource guide to boost their visibility within the beverage industry.
Official website here: www.bevtech.org
Who is the CEO of International Society Of Beverage Technologists?
Brian Stegmann is the Executive Dir. of International Society Of Beverage Technologists.
Official website here: www.bevtech.org
What is the revenue of International Society Of Beverage Technologists?
International Society Of Beverage Technologists's revenue in 2022 was $576,878.
Official website here: www.bevtech.org
Who are the executives of International Society Of Beverage Technologists and what are their salaries?
The average compensation at International Society Of Beverage Technologists during 2022 was $133,600. There is 1 employee and 50 volunteers at International Society Of Beverage Technologists.
Here are 13 key members and their salaries:
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Official website here: www.bevtech.org
Where can I find the form 990 for International Society Of Beverage Technologists?
International Society Of Beverage Technologists's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bevtech.org
Learn more at the official website: www.bevtech.org
Mission Statement of International Society Of Beverage Technologists
The International Society of Beverage Technologists, abbreviated as ISBT, serves as a platform for fostering technical collaboration among professionals in the beverage industry. Its primary objective is to expand expertise and drive advancements in beverage science. The society focuses on various aspects of beverage production, including formulation, manufacturing, packaging, equipment, and distribution. By providing a networking forum, ISBT aims to encourage knowledge sharing and collective progress in the beverage sector.
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Impact
July, 2024
The International Society of Beverage Technologists (ISBT) plays a significant role in the beverage industry by providing a platform for technical collaboration and knowledge sharing. Through its annual meetings, online lectures, and resources such as the Beverage Industry Resource Guide, ISBT helps beverage professionals expand their expertise and advance beverage science. By offering guidelines, procedures, manuals, newsletters, and other publications to its members, ISBT fosters innovation, best practices, and industry growth. Overall, ISBT's impact is seen in its efforts to enhance the skills and capabilities of professionals in the beverage sector, ultimately contributing to the development and quality of beverages worldwide.
This information is meant to be a general summary of International Society Of Beverage Technologists. 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: $12,259
- Program Service Revenue: $557,768
- Gross Receipts: $576,878
Assets and Liabilities:
- Total Assets: $962,545
- Total Liabilities: $48,123
- Net Assets: $914,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$189,353
REGISTRATION AND FEES
Revenue
$368,415
Organization Details
Founding Year
1954
Phone
(972) 233-9107Principal Officer
Brian Stegmann
Main Address
14070 PROTON ROAD 100, DALLAS, TX, 75244
Website
www.bevtech.orgNTEE Category
Code: K03 - Food
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