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Nonprofiteer
← FOOD PRODUCTION SOLUTIONS ASSOCIATION

Form 990 for tax year 2022

Filed by FOOD PRODUCTION SOLUTIONS ASSOCIATION.

Totals

Total revenue
$2,054,143
Total expenses
$2,685,257
Contributions and grants received
$89,091
Grants paid
$10,000
Program service revenue
$690,621
Investment income
$1,274,431
Other revenue
$0
Total assets, end of year
$17,907,783
Total liabilities, end of year
$724,608
Net assets or fund balances, end of year
$17,183,175
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $35,291

  • 1f · All other contributions, gifts and grants

    $53,800

  • 2a · Program service revenue: MEMBERSHIP

    total $559,863 · related or exempt $559,863

  • 2b · Program service revenue: CONFERENCES

    total $170,980 · related or exempt $170,980

  • 2c · Program service revenue: LOSS FROM TRADE SHOW

    total -$40,222 · related or exempt -$40,222

  • 3 · Investment income

    total $253,621 · excluded $253,621

  • 7a · Gross sales of assets other than inventory

    securities $2,189,812

  • 7b · Less cost or other basis and sales expenses

    securities $1,166,348 · other assets $2,654

  • 7c · Gain or loss

    securities $1,023,464 · other assets -$2,654

  • 7d · Net gain or loss

    total $1,020,810 · excluded $1,020,810

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000

  • 5 · Compensation of officers, directors and key employees

    total $975,623

  • 7 · Other salaries and wages

    total $424,488

  • 8 · Pension plan contributions

    total $21,058

  • 9 · Other employee benefits

    total $159,624

  • 10 · Payroll taxes

    total $60,125

  • 11b · Fees: legal

    total $26,049

  • 11c · Fees: accounting

    total $30,032

  • 11f · Fees: investment management

    total $37,746

  • 11g · Fees: other

    total $135,185

  • 13 · Office expenses

    total $73,597

  • 14 · Information technology

    total $42,165

  • 17 · Travel

    total $110,720

  • 19 · Conferences, conventions and meetings

    total $472,938

  • 22 · Depreciation, depletion and amortization

    total $15,885

  • 23 · Insurance

    total $23,825

  • 24a · Other expenses: SUBSCRIPTIONS

    total $46,580

  • 24b · Other expenses: AUTO EXPENSE

    total $13,000

  • 24c · Other expenses: SPONSORSHIP

    total $5,314

  • 24d · Other expenses: MISCELLANEOUS

    total $1,303

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $47,448 · end of year $490,866

  • 4 · Accounts receivable

    beginning of year $53,670 · end of year $53,415

  • 9 · Prepaid expenses and deferred charges

    beginning of year $155,481 · end of year $122,043

  • 10a · Land, buildings and equipment: cost or other basis

    $319,287

  • 10b · Land, buildings and equipment: accumulated depreciation

    $295,951

  • 10c · Land, buildings and equipment, net

    beginning of year $39,556 · end of year $23,336

  • 11 · Investments: publicly traded securities

    beginning of year $15,889,391 · end of year $11,643,861

  • 13 · Investments: program-related

    beginning of year $5,184,494 · end of year $4,394,272

  • 15 · Other assets

    beginning of year $727,228 · end of year $1,179,990

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,285 · end of year $179,727

  • 19 · Deferred revenue

    beginning of year $256,567 · end of year $288,557

  • 25 · Other liabilities

    beginning of year $278,549 · end of year $256,324

  • 27 · Net assets without donor restrictions

    beginning of year $21,513,867 · end of year $17,183,175

Mission and programs · 2022

Mission

TO PROVIDE MEMBERS WITH NETWORKING, MARKETING AND EDUCATIONAL OPPORTUNITIES AND HELP ASSURE THE FUTURE OF THE INDUSTRY THROUGH CHARITABLE CONTRIBUTIONS AND EDUCATIONAL SCHOLARSHIPS.

Activities or mission (Part I)

OUR GOAL IS TO PROVIDE MEMBERS WITH NETWORKING, MARKETING AND EDUCATIONAL OPPORTUNITIES.

  • TRADE SHOW: PROCESS EXPO, A TRADE SHOW HELD EVERY OTHER YEAR IN ODD NUMBERED YEARS, IS THE FOOD PROCESSING INDUSTRY'S PREMIER EVENT IN WHICH BUYERS AND SELLERS DEVELOP RELATIONSHIPS AND EXPLORE NEW TECHNOLOGIES AND CAPABILITIES. DURING EVEN NUMBERED YEARS, THE ASSOCIATION RECORDS PERSONNEL AND OTHER OFFICE COSTS RELATED TO THE TRADE SHOW AS EXPENSE IN THE YEAR IN WHICH THE COSTS ARE INCURRED.

  • COUNCILS AND NETWORKS ARE IMPORTANT PROGRAMS FOR MEMBERS. THEY PROVIDE THE VENUE FOR MEMBERS TO DEVELOP GREATER INSIGHT AND KNOWLEDGE OF THE ISSUES AND OPPORTUNITIES WITHIN SPECIFIC INDUSTRY SECTORS.

  • CONFERENCES: THE ANNUAL CONFERENCE PROVIDES MEMBERS WITH INVALUABLE NETWORKING AND LEARNING OPPORTUNITIES. THE SALES CONFERENCE IS AN EDUCATIONAL FORUM FOR SALES PROFESSIONALS OF THE ASSOCIATION'S MEMBER COMPANIES.

  • MEMBERSHIP: THE MEMBERSHIP PROGRAM INCLUDES ACTIVITIES RELATED TO CUSTOMER SERVICE AND AFFINITY PROGRAMS, WHICH PROVIDE OPERATIONAL SAVINGS PROGRAMS FOR THE ASSOCIATION'S MEMBERS.

  • GRANTS AND EDUCATION: THE GRANT AND EDUCATION PROGRAM INCLUDES ACTIVITIES TO DEVELOP AND DELIVER EDUCATIONAL PROGRAMMING ON CURRENT ISSUES IN THE FOOD PROCESSING INDUSTRY.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Perkins

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Matt Malott

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jarrod McCarroll

    CHAIR - MEMBERSHIP COMMITTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bob Campbell

    CHAIR - SHOW COMMITTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tom Kittle

    CHAIR - FOUNDATION OF FPSA

    Total calculated
    $0
    Hours/week
    1

  • Gill Williams

    CHAIR - FIT INC.

    Total calculated
    $0
    Hours/week
    1

  • Erik Brainard

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Matt Hartman

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dante Pietrinferni

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Radke

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Grote

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martin Lutz

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick McGady

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Price

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kate Rome

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Tony Graves

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Bonatakis

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Piazza

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Seckman

    PRESIDENT & CEO

    Total calculated
    $670,471
    From this org
    $590,955
    From related orgs
    $0
    Other
    $79,516
    Hours/week
    33.65 + 4.85 related

    Schedule J breakdown matched by us

    Base
    $590,955
    Bonus
    $0
    Other
    $0
    Deferred
    $43,604
    Nontaxable benefits
    $35,912
    Filer's total
    $670,471

  • Robyn Roche

    CFO

    Total calculated
    $305,152
    From this org
    $266,394
    From related orgs
    $0
    Other
    $38,758
    Hours/week
    26.54 + 11.96 related

    Schedule J breakdown matched by us

    Base
    $266,394
    Bonus
    $0
    Other
    $0
    Deferred
    $13,214
    Nontaxable benefits
    $25,544
    Filer's total
    $305,152

  • Andrew Drennan

    SVP

    Total calculated
    $296,407
    From this org
    $247,926
    From related orgs
    $0
    Other
    $48,481
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $247,926
    Bonus
    $0
    Other
    $0
    Deferred
    $12,351
    Nontaxable benefits
    $36,130
    Filer's total
    $296,407

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
THE ASSOCIATION PAYS FOR A MEMBERSHIP AT BELMONT COUNTRY CLUB.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PE EVENTS LLC

    RELATED · ASSIST IN PRODUCING PROCESS EXPO EVENT · GA · 50% owned · share of income -$516,042 · share of assets $6,388,149

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FOOD INDUSTRY TECHNICIANS PROGRAM FIT INC

    C · EDUCATION · DE · 100% owned · share of income $466,690 · share of assets $462,787 · controlled entity

    Directly controlled by FOOD PROCESSING SUPPLIERS ASSOCIATION

Provenance

Return type
form_990
Tax year
2022
Filed
24 August 2023
IRS schema version
2022v5.0
Source object
202312369349300011

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