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Nonprofiteer
← MID ATLANTIC FOOD TRADE ORGANIZATION INC

Form 990 for tax year 2023

Filed by MID ATLANTIC FOOD TRADE ORGANIZATION INC.

Totals

Total revenue
$254,065
Total expenses
$155,513
Contributions and grants received
$0
Grants paid
$25,000
Program service revenue
$156,918
Investment income
$2,099
Other revenue
$95,048
Total assets, end of year
$715,182
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$715,182
Program services expenses (Part IX)
$134,122
Management and general expenses
$21,391
Fundraising expenses
$0
Program service expenses (Part III)
$134,122

Program services were 86.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 2a · Program service revenue: SPEAKER DINNER - GIANT

    total $74,950 · related or exempt $74,950

  • 2b · Program service revenue: PHILABUNDANCE

    total $55,000 · related or exempt $55,000

  • 2c · Program service revenue: CHRISTMAS FOR ALL KIDS

    total $25,868 · related or exempt $25,868

  • 2d · Program service revenue: INDUSTRY SCHOLARSHIPS

    total $1,100 · related or exempt $1,100

  • 3 · Investment income

    total $2,099 · excluded $2,099

  • 8a · Fundraising events: gross income

    $79,862

  • 8b · Fundraising events: direct expenses

    $62,420

  • 8c · Net income from fundraising events

    total $17,442

  • 11a · Other revenue: MISCELLANEOUS CONTRIBUTIONS

    total $73,156 · related or exempt $73,156

  • 11b · Other revenue: NETWORKING EVENT

    total $2,480 · related or exempt $2,480

  • 11c · Other revenue: RAFFLE

    total $1,970 · related or exempt $1,970

  • 11e · Other revenue, total

    $77,606

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 11b · Fees: legal

    total $2,555 · management and general $2,555

  • 11c · Fees: accounting

    total $3,115 · management and general $3,115

  • 12 · Advertising and promotion

    total $1,476 · management and general $1,476

  • 13 · Office expenses

    total $652 · management and general $652

  • 19 · Conferences, conventions and meetings

    total $30,621 · program services $30,621

  • 23 · Insurance

    total $3,239 · management and general $3,239

  • 24a · Other expenses: ENDOWNMENT/SCHOLARSHIPS

    total $41,574 · program services $41,574

  • 24b · Other expenses: EVENT EXPENSES

    total $25,571 · program services $25,571

  • 24c · Other expenses: BOARD MEETINGS

    total $5,310 · management and general $5,310

  • 24d · Other expenses: BANK/ CREDIT CARD CHARGES

    total $5,044 · management and general $5,044

  • 24e · All other expenses

    total $11,356 · program services $11,356

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $193,768 · end of year $179,285

  • 2 · Savings and temporary cash investments

    beginning of year $401,412 · end of year $516,290

  • 4 · Accounts receivable

    beginning of year $21,450 · end of year $19,607

  • 31 · Retained earnings, endowment or other funds

    beginning of year $616,630 · end of year $715,182

Mission and programs · 2023

Mission

THE MID-ATLANTIC FOOD TRADE ORGANIZATION IMPROVES QUALITY OF LIVES THROUGH CHARITY, EDUCATION, SCHOLARSHIPS, SOCIAL EVENTS AND NETWORKING TO ADVANCE AND PROMOTE OUR FOOD MARKETING INDUSTRY AND CULTURE.

  • THE MID-ATLANTIC FOOD TRADE ORGANIZATION HAS A COMMUNITY CARE PACKAGE PROGRAM THAT COLLECTED FOOD, CONSUMER PRODUCTS, GIFT CARDS, AND FREE GOODS COUPONS. THESE CARE PACKAGES PROVIDED VALUE TO CONSUMERS, RECOGNIZED ESSENTIAL WORKERS,AND SUPPORTED THOSE IN NEED. PROCEEDS RESULTED IN A 25,000 CONTRIBUTION TO SMALL THINGS, ONE OF THE DELAWARE VALLEY'S LARGEST HUNGER RELIEF ORGANIZATIONS. EXPENSES FOR THIS PROGRAM WERE FOR MARKETING AND SUPPLIES.

    Expenses $33,703 · Grants $25,000 · Revenue $55,000

  • CHRISTMAS FOR ALL KIDS IS A PROGRAM OF THE MID-ATLANTIC FOOD TRADE ORGANIZATION THAT COLLECTS UNWRAPPED TOYS. IN ADDITION, A PORTION OF THE PROCEEDS FROM THE EVENT IS DONATED TO LOCAL CHARITIES.

    Expenses $25,571 · Revenue $25,868

  • THE MID-ATLANTIC FOOD TRADE ORGANIZATION PROVIDED SCHOLARSHIPS ON THE BASIS OF ACADEMIC SUCCESS, OVERALL EXCELLENCE OF CHARACTER, AND POTENTIAL FOR COMMUNITY CONTRIBUTIONS AND LEADERSHIP. THE SCHOLARSHIPS WERE TO PROVIDE ASSISTANCE FOR THE NEXT GENERATION OF LEADERS IN THE FOOD INDUSTRY. THE SCHOLARSHIPS WERE FUNDED BY PROGRAM EVENT PROCEEDS.

    Expenses $41,574 · Revenue $1,100

  • THE MID-ATLANTIC FOOD TRADE ORGANIZATION HAD A SPEAKER EVENT, AND WERE PROUD TO HAVE A GUEST SPEAKER FROM GIANT TO TALK ABOUT THE INDUSTRY. THIS EVENT RAISED SIGNIFICANT FUNDING TO FURTHER SUPPORT THE OTHER PROGRAMS OF THE ORGANIZATION.

    Expenses $33,274 · Revenue $74,950

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARK PHANDER

    BOARD MEMBER

    Total calculated
    $0

  • JOHN J BRENNAN

    CHAIRMAN OF

    Total calculated
    $0

  • JENNIFER BERGMAN

    PRESIDENT

    Total calculated
    $0

  • PETE KOSTICK

    TREASURER

    Total calculated
    $0

  • NANCY RODGERS-FLUHARTY

    BOARD MEMBER

    Total calculated
    $0

  • SCOTT VICARI

    BOARD MEMBER

    Total calculated
    $0

  • BILL CARTER

    BOARD MEMBER

    Total calculated
    $0

  • TIM MUSGROVE

    BOARD MEMBER

    Total calculated
    $0

  • BILL SCHLOSKY

    BOARD MEMBER

    Total calculated
    $0

  • RON BENJAMIN

    BOARD MEMBER

    Total calculated
    $0

  • ROBERT MELFI

    VICE PRESIDE

    Total calculated
    $0

  • JENNIFER SPARKS

    EXEC VICE PR

    Total calculated
    $0

  • NEIL BRASSELL

    BOARD MEMBER

    Total calculated
    $0

  • JOE GARDYAN

    BOARD MEMBER

    Total calculated
    $0

  • MIKE MACKIN

    BOARD MEMBER

    Total calculated
    $0

  • ANDREW MORFOPOULOS

    BOARD MEMBER

    Total calculated
    $0

  • CHRISTOPHER CALLANAN

    BOARD MEMBER

    Total calculated
    $0

  • JACK FAILING

    BOARD MEMBER

    Total calculated
    $0

  • CHRISTINE HIXON

    BOARD MEMBER

    Total calculated
    $0

  • EMILY KELLY

    BOARD MEMBER

    Total calculated
    $0

  • TOM MCALOON

    BOARD MEMBER

    Total calculated
    $0

  • SCOTT SMITH

    BOARD MEMBER

    Total calculated
    $0

  • JUSTIN BUBERL

    BOARD MEMBER

    Total calculated
    $0

  • CLAUDIA WATSON

    BOARD MEMBER

    Total calculated
    $0

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202413209349304286

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