American Fats & Oils Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237395712 ✦ Columbia, SC ✦ Designated as a 501(c)(6)

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Overview

What is American Fats & Oils Association?

The American Fats & Oils Association is a nonprofit organization, with its operations managed through a post office box in Columbia, South Carolina. Their primary focus involves the preparation of rule books and conducting meetings within the realm of fats and oils trade. These activities serve to promote understanding and collaboration within this sector, fostering a harmonious business environment.


Official website here: www.fatsandoils.org

Is American Fats & Oils Association legitimate?

American Fats & Oils Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. American Fats & Oils Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.fatsandoils.org

What is the mission statement of American Fats & Oils Association?

The American Fats & Oils Association's primary focus is on the preparation of rule books and organizing meetings within the field of fats and oils trade. This organization conducts annual interim meetings and discussions related to trade shows, contributing to the smooth operation and understanding of trade activities in this sector.


Official website here: www.fatsandoils.org

Who is the CEO of American Fats & Oils Association?

Leigh Faircloth is the President of American Fats & Oils Association.


Official website here: www.fatsandoils.org

What is the revenue of American Fats & Oils Association?

American Fats & Oils Association's revenue in 2022 was $728,044.


Official website here: www.fatsandoils.org

Who are the executives of American Fats & Oils Association and what are their salaries?


Here are 5 key members and their salaries:


John Reynolds (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Owens (1St Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Thompson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Mack (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Peterson (2Nd Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fatsandoils.org

Where can I find the form 990 for American Fats & Oils Association?

American Fats & Oils Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fatsandoils.org

Learn more at the official website: www.fatsandoils.org

Mission Statement of American Fats & Oils Association

The American Fats & Oils Association is dedicated to the preparation of rule books and organizing meetings within the realm of the fats and oils trade. This mission involves conducting annual interim meetings and discussions regarding trade shows, aiming to foster a collaborative and regulated environment within the industry. By overseeing these activities, the association plays a crucial role in ensuring the smooth operation and standardization of the fats and oils trade.

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Impact




October, 2024

The American Fats & Oils Association plays a significant role in shaping the fats and oils industry through its organization of annual and interim meetings, which facilitate discussions and knowledge sharing among industry stakeholders. By preparing rule books and organizing trade shows, the association ensures that members stay informed about best practices, regulatory developments, and innovations within the sector. This collaborative environment fosters community improvement and helps to strengthen the overall industry by enhancing networking opportunities and promoting standards that benefit both producers and consumers. The association's activities in Columbia, SC, also serve to bolster local economies by bringing together professionals dedicated to the advancement of the fats and oils trade.




This information is meant to be a general summary of American Fats & Oils Association. 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.

Revenue
$728,044 (2022)
Expenses
$545,872 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $170
  • Program Service Revenue: $590,987
  • Gross Receipts: $728,044

Assets and Liabilities:

  • Total Assets: $619,484
  • Total Liabilities: $20,498
  • Net Assets: $598,986

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ANNUAL MEETINGS

Revenue

$590,387

RULES BOOKS

Revenue

$600

Organization Details

Founding Year

1974

Principal Officer

Leigh Faircloth

Main Address

C/O P O BOX 11035, COLUMBIA, SC, 29211

NTEE Category

Code: S41 - Community improvement

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