Convenience Distribution Association INC

Not tax-deductible

Reston, VA501(c)(6)Community DevelopmentEIN 53-0177225

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To promote the interests of Convenience products distributors.

$643K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $255K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$643K
to officers and key staff · 20% of spending
Top officer’s pay higher than 94% of similar orgs
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.5M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
39
of 39 voting members
Looks good: 39 of 39 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
+6% vs prior year
Spent
$3.2M
To programs
0%
Net assets
$7.7M
By yearFY2020–FY2024
Revenue
$3.3M
FY2024▲ +6%
Revenue by fiscal year
FY2020$2.4M
FY2021$2.9M
FY2022$2.6M
FY2023$3.1M
FY2024$3.3M
Expenses
$3.2M
FY2024▲ +12%
Expenses by fiscal year
FY2020$2.2M
FY2021$2.1M
FY2022$2.6M
FY2023$2.9M
FY2024$3.2M
Net assets
$7.7M
FY2024▲ +4%
Net assets by fiscal year
FY2020$7.0M
FY2021$7.6M
FY2022$6.7M
FY2023$7.4M
FY2024$7.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

48 people listed on the 990; $643K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$415,000Pt VII · Sec A
Executive Vice Pres
$168,533Pt VII · Sec A
Secretary/Executive Assistant/Director of Admin Services
$59,417Pt VII · Sec A
At Large Director
$0Pt VII · Sec A
Chair Emeritus
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kimberly Bolin’s $415K as President & CEO is at the 94th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kimberly Bolin$415,000$465,000$350,000$385,000$376,500
Angela Simonetti$168,533$149,458$138,091$127,440$116,500
Joel Brown————$135,000
Angela Simonetta————$116,500
Madison Dorsey$59,417$22,219———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for convenience product distributors by providing educational seminars, industry resources, and technology support to strengthen candy, tobacco, and allied wholesale businesses.

Provided by the organization

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3 program services, described in the organization's own filed words · FY2024.
01

Seminars and Education Programs

The association sponsors seminars and provides materials to educate members on issues of importance to candy and tobacco WHOLESALERS/DISTRIBUTORS and allied companies such as technology support.

Pt IX · col B
02

Conventions and Meetings

National convention and trade show annually, serving approximately 200 member companies and 20 nonmember companies. Also, various smaller meetings conducting general association business.

Pt IX · col B
03

Publications

Convenience distribution, a trade publication serving approximately 5,000 members and nonmembers.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$391K
Money outPt IX
$3.2M
Ln 25
Owns and owesPt X
$7.7M
net assets · Ln 32
Cash and savingsLn 1–2$575K
Total assetsLn 16$9.2M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
48
listed · VII A
PaidVII A3
Voting boardVI 1a39
IndependentVI 1b39
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$391K
Gains on assetsLn 7$106K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
SavingsLn 2$575K
Cash and savings togetherLn 1–2$575K
InvestmentsLn 11–13$8.1M
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$3K
Total assetsLn 16$9.2M
LiabilitiesLn 26$1.5M
Net assetsLn 32$7.7M
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$577K$575K
InvestmentsLn 11–13$7.9M$8.1M
Land, buildings, equipmentLn 10c$6K$6K
Total assetsLn 16$8.9M$9.2M
LiabilitiesLn 26$1.5M$1.5M
Net assetsLn 32$7.4M$7.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$723K$0$0$0
Other salaries and wagesLn 7$305K$0$0$0
Pension plan contributionsLn 8$30K$0$0$0
Other employee benefitsLn 9$36K$0$0$0
Payroll taxesLn 10$56K$0$0$0
Legal feesLn 11b$155K$0$0$0
Accounting feesLn 11c$142K$0$0$0
Lobbying feesLn 11d$22K$0$0$0
Investment management feesLn 11f$68K$0$0$0
Other fees for servicesLn 11g$386K$0$0$0
Advertising and promotionLn 12$22K$0$0$0
Office expensesLn 13$45K$0$0$0
Information technologyLn 14$70K$0$0$0
OccupancyLn 16$8K$0$0$0
TravelLn 17$73K$0$0$0
Conferences, conventions and meetingsLn 19$773K$0$0$0
Depreciation, depletion and amortizationLn 22$3K$0$0$0
InsuranceLn 23$17K$0$0$0
Other expenses (24a–d)Ln 24$145K$0$0$0
All other expensesLn 24e$116K$0$0$0
Total functional expensesLn 25$3.2M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.3M$3.2M$114K$7.7M 990 PDF
FY2023 $3.1M$2.9M$275K$7.4M 990 PDF
FY2022 $2.6M$2.6M−$54K$6.7M 990 PDF
FY2021 $2.9M$2.1M$732K$7.6M 990 PDF
FY2020 $2.4M$2.2M$207K$7.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $3,308,788 across 5 lines filed
Lines not itemized here account for $158,330 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $101,542 · Excluded from tax $2,658,752$2,760,294
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $284,607$284,607
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $106,116$106,116
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business −$559 · Excluded from tax $0−$559
VIII-12 Total revenueRelated to mission $0 · Unrelated business $111,233 · Excluded from tax $3,197,555$3,308,788
Part IX · Statement of functional expenses $3,194,592 across 20 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$723,203
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$305,418
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$29,784
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$35,964
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$55,972
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$154,510
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$141,695
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$21,600
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$67,993
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$385,505
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$22,300
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$44,646
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$70,466
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$8,400
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$73,119
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$773,037
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$2,855
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$16,841
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$144,985
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$116,299
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$3,194,592
Part X · Balance sheet $9,190,347 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $576,723$574,623
X-4 Accounts receivableStart of year $179,668$202,380
X-9 Prepaid expenses and deferred chargesStart of year $227,794$280,351
X-10c Land, buildings and equipment, netStart of year $5,520$6,222
X-11 Publicly traded securitiesStart of year $7,873,107$8,123,371
X-15 Other assetsStart of year $2,385$3,400
X-16 Total assetsStart of year $8,865,197$9,190,347
X-17 Accounts payable and accrued expensesStart of year $122,261$92,747
X-19 Deferred revenueStart of year $1,357,433$1,415,528
X-26 Total liabilitiesStart of year $1,479,694$1,508,275
X-27 Net assets without donor restrictionsStart of year $7,385,503$7,682,072
X-32 Total net assets or fund balancesStart of year $7,385,503$7,682,072
X-33 Total liabilities and net assetsStart of year $8,865,197$9,190,347
Part XI · Reconciliation of net assets $7,682,072 net assets at year end
XI-1 Total revenue$3,308,788
XI-2 Total expenses$3,194,592
XI-3 Revenue less expenses$114,196
XI-4 Net assets at start of year$7,385,503
XI-5 Net unrealized gains (losses) on investments$181,814
XI-9 Other changes in net assets$559
XI-10 Net assets at end of year$7,682,072

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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