Overview
What is North American Distributor Councils Inc?
North American Distributor Councils Inc is a nonprofit organization situated in West Milford, New Jersey. Their primary mission is to foster open communication and develop beneficial programs for their member distributor entities and the manufacturers they represent. They accomplish this through regular meetings, both virtual and in-person, often facilitated by a consultant. These gatherings focus on various topics such as supply chain and delivery issues, digital innovations in EDI and E-Commerce, performance metrics, and standard terms of agreement. Additionally, they seek legal advice to ensure compliance with relevant laws and regulations. Notable achievements include renewing distributor agreements and enhancing commercial interactions between the distributors and manufacturers.
Is North American Distributor Councils Inc legitimate?
North American Distributor Councils Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. North American Distributor Councils 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of North American Distributor Councils Inc?
North American Distributor Councils Inc's mission is centered around fostering open communication and developing beneficial programs for its distributor member entities and the manufacturers they collaborate with. The organization aims to organize meetings, both virtual and in-person, to discuss product distribution and commercial strategies. These meetings cover various topics such as supply chain issues, EDI and E-Commerce developments, performance metrics reporting, and standard terms and conditions. Additionally, North American Distributor Councils Inc seeks legal advice to ensure compliance with laws, including antitrust and trade regulations, contract law, and corporate governance. Their objectives include renewing distributor agreements and improving commercial processes between the distributors and manufacturers.
Who is the CEO of North American Distributor Councils Inc?
John F Farmer is the Chairman of North American Distributor Councils Inc.
What is the revenue of North American Distributor Councils Inc?
North American Distributor Councils Inc's revenue in 2022 was $121,175.
Who are the executives of North American Distributor Councils Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for North American Distributor Councils Inc?
North American Distributor Councils Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North American Distributor Councils Inc
North American Distributor Councils Inc, as an organization, is dedicated to fostering an open line of communication among its distributor member entities and the manufacturers they represent. Their mission is to design and implement programs and policies that ultimately benefit both parties. This is achieved through regular meetings, some of which are facilitated by external consultants. These gatherings serve as a platform for discussing the products distributed by the members, as well as developing commercial strategies that are advantageous for both the distributors and the equipment manufacturers/suppliers. The council also seeks legal advice on compliance with various regulations, including antitrust and trade laws, contract law, and corporate governance, to ensure all operations are conducted within the bounds of the law. Their efforts have led to the renewal of certain distributor agreements and improvements in the commercial processes between the distributors and manufacturers.
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Impact
October, 2024
North American Distributor Councils Inc plays a vital role in fostering collaboration and communication between distributor entities and the manufacturers they represent. Through a series of virtual and in-person meetings throughout 2022, the organization has created a platform for discussing critical industry topics such as supply chain issues, EDI and e-commerce developments, and standard terms of agreement. These discussions are pivotal for addressing common challenges faced by both distributors and manufacturers, thereby enhancing their commercial interactions.
The organization also prioritizes legal compliance, retaining counsel to navigate complex regulations, ensuring that members adhere to antitrust laws and other applicable guidelines. This focus on legal and operational best practices not only protects the interests of its members but also contributes to a more structured and effective distribution environment.
Accomplishments such as the renewal of distributor agreements and improvements in commercial processes highlight the organization’s impact. By enhancing communication and developing targeted programs, North American Distributor Councils Inc directly benefits its members, fostering a more efficient and responsive distribution network. Their efforts contribute to community improvement by promoting effective business practices and relationships within the supply chain framework.
This information is meant to be a general summary of North American Distributor Councils 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.
- Gross Receipts: $121,175
Assets and Liabilities:
- Total Assets: $74,235
- Total Liabilities: $0
- Net Assets: $74,235
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Organization Details
Founding Year
2010
Phone
(973) 525-4497Principal Officer
John F Farmer
Main Address
257 High Crest Drive, West Milford, NJ, 07480
NTEE Category
Code: S41 - Community improvement
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