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← FOOD PRODUCTION SOLUTIONS ASSOCIATION

Form 990 for tax year 2023

Filed by FOOD PRODUCTION SOLUTIONS ASSOCIATION.

Totals

Total revenue
$346,461
Total expenses
$2,803,859
Contributions and grants received
$69,000
Grants paid
$467
Program service revenue
$25,602
Investment income
$251,859
Other revenue
$0
Total assets, end of year
$17,024,759
Total liabilities, end of year
$769,206
Net assets or fund balances, end of year
$16,255,553
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.

  • 1f · All other contributions, gifts and grants

    $69,000

  • 2a · Program service revenue: MEMBERSHIP

    total $605,218 · related or exempt $605,218

  • 2b · Program service revenue: CONFERENCES

    total $175,005 · related or exempt $175,005

  • 2c · Program service revenue: TRADESHOW

    total $150,000 · related or exempt $150,000

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

    total -$904,621 · related or exempt -$904,621

  • 3 · Investment income

    total $251,859 · excluded $251,859

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $467

  • 5 · Compensation of officers, directors and key employees

    total $1,069,989

  • 7 · Other salaries and wages

    total $438,726

  • 8 · Pension plan contributions

    total $7,598

  • 9 · Other employee benefits

    total $175,836

  • 10 · Payroll taxes

    total $59,844

  • 11b · Fees: legal

    total $40,382

  • 11c · Fees: accounting

    total $32,950

  • 11f · Fees: investment management

    total $57,049

  • 11g · Fees: other

    total $177,216

  • 13 · Office expenses

    total $51,638

  • 14 · Information technology

    total $34,209

  • 17 · Travel

    total $107,934

  • 19 · Conferences, conventions and meetings

    total $447,055

  • 22 · Depreciation, depletion and amortization

    total $10,829

  • 23 · Insurance

    total $23,367

  • 24a · Other expenses: SUBSCRIPTIONS

    total $63,931

  • 24b · Other expenses: SPONSORSHIP

    total $2,700

  • 24c · Other expenses: TRAINING & EDUCATION

    total $1,110

  • 24d · Other expenses: MISCELLANEOUS

    total $1,029

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $68,999

  • 2 · Savings and temporary cash investments

    beginning of year $490,866 · end of year $784,024

  • 4 · Accounts receivable

    beginning of year $53,415 · end of year $55,118

  • 9 · Prepaid expenses and deferred charges

    beginning of year $122,043 · end of year $164,229

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

    $381,636

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

    $306,781

  • 10c · Land, buildings and equipment, net

    beginning of year $23,336 · end of year $74,855

  • 11 · Investments: publicly traded securities

    beginning of year $11,643,861 · end of year $10,797,158

  • 13 · Investments: program-related

    beginning of year $4,394,272 · end of year $3,489,651

  • 15 · Other assets

    beginning of year $1,179,990 · end of year $1,590,725

  • 17 · Accounts payable and accrued expenses

    beginning of year $179,727 · end of year $473,680

  • 19 · Deferred revenue

    beginning of year $288,557 · end of year $295,526

  • 25 · Other liabilities

    beginning of year $256,324 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $17,183,175 · end of year $16,255,553

Mission and programs · 2023

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.

  • EDUCATION: EDUCATION PROGRAMS INCLUDE ACTIVITIES TO DEVELOP AND DELIVER PROGRAMMING ON CURRENT ISSUES IN THE FOOD PROCESSING INDUSTRY.

As filed on the 2023 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

  • Matt Malott

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jarrod McCarroll

    CHAIR - MEMBERSHIP COMMITTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gill Williams

    CHAIR - FIT INC.

    Total calculated
    $0
    Hours/week
    1

  • Erik Brainard

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kate Rome

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dana Summerour

    DIRECTOR AT LARGE

    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 + 1 related

  • 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

  • Tony Graves

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Bonatakis

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Krumsee

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karl Walby

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brandon White

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darin Zehr

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Mas

    SEGMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Seckman

    PRESIDENT & CEO

    Total calculated
    $738,792
    From this org
    $654,981
    From related orgs
    $0
    Other
    $83,811
    Hours/week
    32.5 + 5 related

    Schedule J breakdown matched by us

    Base
    $594,981
    Bonus
    $60,000
    Other
    $0
    Deferred
    $44,750
    Nontaxable benefits
    $39,061
    Filer's total
    $738,792

  • Robyn Roche

    CFO

    Total calculated
    $331,197
    From this org
    $293,363
    From related orgs
    $0
    Other
    $37,834
    Hours/week
    26 + 11.5 related

    Schedule J breakdown matched by us

    Base
    $274,863
    Bonus
    $18,500
    Other
    $0
    Deferred
    $13,742
    Nontaxable benefits
    $24,092
    Filer's total
    $331,197

  • Andrew Drennan

    SVP

    Total calculated
    $317,733
    From this org
    $270,409
    From related orgs
    $0
    Other
    $47,324
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $256,909
    Bonus
    $13,500
    Other
    $0
    Deferred
    $13,050
    Nontaxable benefits
    $34,274
    Filer's total
    $317,733

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 · 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

No itemized grants to organizations 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.

  • FOUNDATION OF FOOD PROCESSING SUPPLIERS

    501(C)(3) · FUND EDU., SCIENTIFIC, PROGRAMMATIC OF THE INDUSTRIES SERVED BY FPSA MEMBERS · DE · controlled entity

    Directly controlled by FOOD PROCESSING SUPPLIERS ASSOCIATION

  • MISA FOUNDATION

    501(C)(3) · TO ADVOCATE FOR & ADVANCE THE MEAT INDUSTRY · DE · controlled entity

    Directly controlled by FOOD PROCESSING SUPPLIERS ASSOCIATION

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 $1,327,821 · share of assets $7,741,599

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 $863,660 · share of assets $705,713 · controlled entity

    Directly controlled by FOOD PROCESSING SUPPLIERS ASSOCIATION

Provenance

Return type
form_990
Tax year
2023
Filed
27 September 2024
IRS schema version
2023v5.1
Source object
202422719349301522

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