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← NGA RESEARCH AND EDUCATION FOUNDATION

Form 990 for tax year 2022

Filed by NGA RESEARCH AND EDUCATION FOUNDATION.

Totals

Total revenue
$1,394,302
Total expenses
$1,452,852
Contributions and grants received
$1,223,681
Grants paid
$73,695
Program service revenue
$120,781
Investment income
$16,864
Other revenue
$32,976
Total assets, end of year
$1,644,750
Total liabilities, end of year
$230,126
Net assets or fund balances, end of year
$1,414,624
Program services expenses (Part IX)
$1,110,452
Management and general expenses
$342,400
Fundraising expenses
$0
Program service expenses (Part III)
$1,110,452

Program services were 76.4% 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.

  • 1f · All other contributions, gifts and grants

    $1,223,681

  • 2a · Program service revenue: REGISTRATION FEES

    total $120,781 · related or exempt $120,781

  • 3 · Investment income

    total $16,979 · excluded $16,979

  • 7a · Gross sales of assets other than inventory

    securities $201,224

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

    securities $201,339

  • 7c · Gain or loss

    securities -$115

  • 7d · Net gain or loss

    total -$115 · excluded -$115

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $32,976 · excluded $32,976

  • 11e · Other revenue, total

    $32,976

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $695 · program services $695

  • 2 · Grants to domestic individuals

    total $73,000 · program services $73,000

  • 11a · Fees: management

    total $665,899 · program services $389,993 · management and general $275,906

  • 11c · Fees: accounting

    total $3,440 · management and general $3,440

  • 11f · Fees: investment management

    total $2,504 · management and general $2,504

  • 11g · Fees: other

    total $318,779 · program services $304,009 · management and general $14,770

  • 13 · Office expenses

    total $49,317 · program services $31,772 · management and general $17,545

  • 14 · Information technology

    total $8,745 · program services $8,250 · management and general $495

  • 17 · Travel

    total $67,020 · program services $57,583 · management and general $9,437

  • 19 · Conferences, conventions and meetings

    total $258,308 · program services $240,005 · management and general $18,303

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $2,500 · program services $2,500

  • 24b · Other expenses: TRAINING

    total $1,895 · program services $1,895

  • 24e · All other expenses

    total $750 · program services $750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $402,725 · end of year $520,914

  • 2 · Savings and temporary cash investments

    beginning of year $501,379 · end of year $501,786

  • 4 · Accounts receivable

    beginning of year $22,046 · end of year $26,410

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $364

  • 11 · Investments: publicly traded securities

    beginning of year $767,417 · end of year $595,276

  • 15 · Other assets

    beginning of year $6,627 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,970 · end of year $117,338

  • 19 · Deferred revenue

    beginning of year $60,300 · end of year $93,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $19,788

  • 27 · Net assets without donor restrictions

    beginning of year $1,574,924 · end of year $1,389,624

  • 28 · Net assets with donor restrictions

    beginning of year $25,000 · end of year $25,000

Mission and programs · 2022

Mission

IMPROVE THE PRODUCTIVITY IN ALL KEY AREAS OF THE GROCERY INDUSTRY INCLUDING OPERATIONS, INFORMATION SHARING, EDUCATION, AND RESEARCH.

Activities or mission (Part I)

IMPROVE THE PRODUCTIVITY IN ALL KEY AREAS OF THE GROCERY INDUSTRY.

  • TECHNICAL ASSISTANCE & TRAINING CENTER: THROUGH A GRANT FROM THE FAIR FOOD NETWORK, THE FOUNDATION PROVIDES NO-COST TECHNICAL AND PROGRAM ASSISTANCE TO FOOD RETAILERS TO INCENTIVIZE PURCHASES OF HEALTHY PRODUCE.

    Expenses $801,868 · Grants $1,945

  • EXECUTIVE LEADERSHIP: THROUGH A PARTNERSHIP WITH CORNELL UNIVERSITY, THE NGA FOUNDATION OFFERS THE EXECUTIVE LEADERSHIP DEVELOPMENT PROGRAM TO RISING EXECUTIVES IN INDEPENDENT GROCERY.

    Expenses $203,810 · Grants $26,000 · Revenue $120,781

  • SCHOLARSHIP: THE NGA FOUNDATION PROVIDES SCHOLARSHIPS THROUGH THE SUPPORT OF LEGACY DONORS TO STUDENTS PURSUING CAREERS IN GROCERY.

    Expenses $104,774 · Grants $45,750

As filed on the 2022 return.

Listed in Part VII

  • Kirk Clark

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dante Franceschelli

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Robert Graybill

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kelli Schaefer-McSpiritt

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rick Brindle

    REGENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Joseph Della Noce

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • Joel Griffith

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • Heidi Huff

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • Tom Gioielli

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • Michael Needler Jr

    REGENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Frank Ray

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • Kurt Rodhe

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • Russell Zwanka

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • Greg Ferarra

    PRESIDENT

    Total calculated
    $807,023
    From this org
    $0
    From related orgs
    $726,151
    Other
    $80,872
    Hours/week
    5 + 32.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $519,933 related
    Bonus
    $0 + $173,250 related
    Other
    $0 + $32,968 related
    Deferred
    $0 + $58,621 related
    Nontaxable benefits
    $0 + $26,899 related
    Filer's total
    $0 + $811,671 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

  • NATIONAL GROCERS ASSOCIATION

    501(C)(6) · TRADE ASSOCIATION · DC

  • NGA PAC

    527 · POLITICAL ACTIVITIES · VA

    Directly controlled by NATIONAL GROCERS 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 corporations and trusts

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

  • NGA SERVICE CORPORATION

    C · PROVIDE TECHNOLOGY, EQUIPMENT, FIXTURES, FINANCING AND EFFICIENCY PROGRAMS · DE

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333199349307333

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