2025-10-06T09:53:37-05:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-01-01 131934121 SPECIALTY FOOD ASSOCIATION INC SPEC 2124826440 136 MADISON AVENUE 12TH FL NEW YORK NY 10016 WILLIAM LYNCH PRESIDENT 2124826440 2025-10-06 1 1 MELISSA MODELSON P01603524 9143818900 2025-10-06 2024 2025-03-06 01:10:19Z WILLIAM LYNCH 136 MADISON AVENUE 12TH FL NEW YORK NY 10016 67052370 0 X WWW.SPECIALTYFOOD.COM X 1952 NY THE SPECIALTY FOOD ASSOCIATION, INC. (SFA) IS A TRADE ASSOCIATION WHICH, THROUGH ITS MEDIA PROGRAMS, THE FANCY FOOD SHOW, AND ITS MEMBERSHIP OF OVER 3,800 SPECIALTY FOOD COMPANIES WORKS TO FOSTER A THRIVING SPECIALTY FOODS MARKETPLACE. 15 15 118 80 0 0 0 0 25779553 29008835 2370275 7079033 1635 13675 28151463 36101543 0 0 0 0 8958099 9680753 0 0 0 16898864 18595673 25856963 28276426 2294500 7825117 84400298 90576010 16964516 14533598 67435782 76042412 TO CHAMPION, NURTURE AND CONNECT OUR MEMBERS TO DELIVER INNOVATIVE PRODUCTS AND EXPAND CONSUMPTION OF SPECIALTY FOODS. 0 0 CONNECT: CONNECT REFERS TO THE ASSOCIATION'S MISSION TO CONNECT MAKERS AND BUYERS WHILE PROVIDING INDUSTRY INSIGHTS AND IMPROVING AND RUNNING THE FANCY FOOD SHOWS. THIS ENABLES THE ASSOCIATION TO BE BEST IN CLASS IN ENHANCING MEMBERS' DATA AND PROFILE ACROSS ALL INTERACTIONS. CHAMPION: CHAMPION RELATES TO COMMUNICATING AND SUPPORTING SPECIALTY FOOD'S IMPORTANCE, SHOWCASING MARKET-READY INNOVATION FOR DOMESTIC AND GLOBAL AUDIENCES, AND CREATING MEMBER VALUE PROPOSITION FOR BOTH MAKERS AND BUYERS. NURTURE: NURTURE RELATES TO PROVIDING CONTENT AND OUTREACH TO PROMOTE MEMBERS' VALUE AND RECOGNITION, ESTABLISHING EDUCATIONAL PROGRAMS, AND DELIVERING VALUE RELEVANT RESEARCH AND PROGRAMS TO ASSURE PREPAREDNESS. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 107 0 118 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LYSA TEAL 6468780190 136 MADISON AVENUE 12TH FL NEW YORK NY 10016 JONATHAN E PRUDEN PAST CHAIR 2.00 X X 7215 0 0 NONA YEANHONG LIM CHAIR 2.00 X X 6852 0 0 PIERRE A ABUSHACRA VICE CHAIR 2.00 X X 5000 0 0 JILL GIACOMINI BASCH DIRECTOR 2.00 X 6973 0 0 JULIE BUSHA DIRECTOR 2.00 X 6852 0 0 ELIZABETH A HALEY DIRECTOR THRU 06/30/2024 2.00 X 4071 0 0 VICTORIA HO DIRECTOR 2.00 X 7094 0 0 SCOTT JENSEN DIRECTOR 2.00 X 6973 0 0 LORALIE HOLLY DIRECTOR 2.00 X 3024 0 0 SARAH Z MASONI DIRECTOR 2.00 X 6692 0 0 EMILIO MIGNUCCI DIRECTOR THRU 06/30/2024 2.00 X 4192 0 0 JOMAREE PINKARD DIRECTOR THRU 06/30/2024 2.00 X 3950 0 0 MIKE REICH DIRECTOR 2.00 X 6973 0 0 DWIGHT RICHMOND TREASURER 2.00 X X 7134 0 0 SARAH WALLACE SECRETARY 2.00 X X 6329 0 0 LEE ZALBEN DIRECTOR THRU 06/30/2024 2.00 X 3145 0 0 JAMES REN DIRECTOR 2.00 X 3024 0 0 RODDD WILLIS DIRECTOR 2.00 X 2903 0 0 ELIZABETH HEMPHILL-BURNS DIRECTOR 2.00 X 2903 0 0 WILLIAM LYNCH PRESIDENT 40.00 X 611678 0 307020 LYSA TEAL SVP, FINANCE & PLANNING 40.00 X 409792 0 74999 LAURA LOZADA VP, OPERATIONS THRU 07/22/24 40.00 X 213904 0 12271 PHIL ROBINSON SVP, MEMBER DEVELOPMENT 40.00 X 320809 0 87123 ANTHONY LEON VP, TECHNOLOGY THRU 07/22/24 40.00 X 159636 0 36839 LEANA SALAMAH SVP, MARKETING & COMMUNICATIONS 40.00 X 285096 0 75104 DELIA MURPHY VP, RELATIONS 40.00 X 223884 0 38246 NANCY WEISS DIRECTOR, ACCOUNTING & CONTROLLER 40.00 X 184738 0 54081 MICHELLE MCDONALD DIR., MEMBER & BUYER RELATIONS 40.00 X 162707 0 43903 GRETCHEN VANESSELSTYN DIR., EDUCATION AND PROGRAMS 40.00 X 169002 0 22242 TRESSA KENNEDY DIRECTOR, OPERATIONS 40.00 X 169987 0 33635 ANTHONY BAVARO DIRECTOR, FINANCIAL PLANNING & ANALYSIS 40.00 X 159495 0 62555 3172027 0 848018 26 0 1 0 FREEMAN PO BOX 650036 DALLAS TX 752650036 EXHIBIT CONTRACTING 3102808 PHASETEN STRATEGIC CORP 2445 FIFTH AVENUE SUITE 450 SAN DIEGO CA 92101 ADVERTSING SERVICES 866525 UNITED NATIONAL MAINTENANCE COMPANY 1550 SOUTH INDIANA AVE CHICAGO IL 60606 EVENT CLEANING SERVICES 543396 JACOB JAVITS CONVENTION CENTER 655 W 34TH ST NEW YORK NY 10001 CONVENTION CENTER/VENUE 487907 ARENT FOX SCHIFF LLP 1717 K STREET NW WASHINGTON DC 200065344 LEGAL SERVICES 358313 23 TRADE SHOWS / EVENTS 900099 26104964 26104964 MAGAZINE / WEBSITE 541800 1347129 1347129 MEMBERSHIP DUES 900099 1323074 1323074 EDUCATION 900099 233668 233668 29008835 2533256 2533256 35496604 30950827 4545777 4545777 4545777 OTHER INCOME 900099 13675 13675 13675 36101543 29008835 0 7092708 X 2888072 5225849 404079 579209 583544 374430 68800 175961 2967950 1079224 826707 1702572 874398 874104 8234893 1065 334657 343827 RESEARCH 298762 EMPLOYEE TRAINING 113536 PHOTOGRAPHY/ARTWORK 92657 PRODUCTION EXPENSE 88457 143673 28276426 1964675 1357138 1114003 8252156 193451 58933 2468704 1808381 3115929 2667953 739933 447976 72185733 73410096 4621788 4734039 1112011 507291 84400298 90576010 1597758 1410927 13791779 12182351 1574979 940320 16964516 14533598 X 67435782 76042412 67435782 76042412 84400298 90576010 7825117 781513 0 X 0 1 X 1 0 0 1 0 2302285 2284321 17964 313676 303496 10180 499968 80136 419832 447976 KEY LIFE INSURANCE 4734039 F 4734039 LEASE LIABILITY 586924 DEFERRED COMPENSATION 353396 940320 X 36883056 781513 781513 36101543 0 36101543 28276426 0 28276426 0 28276426 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO DECEMBER 31, 2021. X X X X X 1 1 0 WILLIAM LYNCH PRESIDENT 434052 0 152500 0 25126 0 257880 0 49140 0 918698 0 152500 0 LYSA TEAL SVP, FINANCE & PLANNING 342552 0 41000 0 26240 0 69500 0 5499 0 484791 0 0 0 PHIL ROBINSON SVP, MEMBER DEVELOPMENT 284792 0 31600 0 4417 0 33186 0 53937 0 407932 0 0 0 LEANA SALAMAH SVP, MARKETING & COMMUNICATIONS 258322 0 26000 0 774 0 29296 0 45808 0 360200 0 0 0 DELIA MURPHY VP, RELATIONS 205286 0 18200 0 398 0 22534 0 15712 0 262130 0 0 0 NANCY WEISS DIRECTOR, ACCOUNTING & CONTROLLER 170643 0 12500 0 1595 0 19030 0 35051 0 238819 0 0 0 LAURA LOZADA VP, OPERATIONS THRU 07/22/24 121017 0 0 0 92887 0 11563 0 708 0 226175 0 0 0 ANTHONY BAVARO DIRECTOR, FINANCIAL PLANNING & ANALY 148018 0 11000 0 477 0 16752 0 45803 0 222050 0 0 0 MICHELLE MCDONALD DIR., MEMBER & BUYER RELATIONS 150479 0 10900 0 1328 0 16596 0 27307 0 206610 0 0 0 TRESSA KENNEDY DIRECTOR, OPERATIONS 158197 0 11300 0 490 0 17185 0 16450 0 203622 0 0 0 ANTHONY LEON VP, TECHNOLOGY THRU 07/22/24 130974 0 0 0 28662 0 12898 0 23941 0 196475 0 0 0 GRETCHEN VANESSELSTYN DIR., EDUCATION AND PROGRAMS 156414 0 11200 0 1388 0 16976 0 5266 0 191244 0 0 0 PART I, LINES 4A-B LAURA LOZADA AND ANTHONY LEON RECEIVED $92,300 AND $28,000 OF SEVERANCE IN THEIR 2024 W-2, WHICH WAS REPORTED IN PART II, COLUMN (B)(III). BILL LYNCH AND LYSA TEAL PARTICIPATED IN THE ORGANIZATIONS NONQUALIFIED SUPPLEMENTAL 457(F) RETIREMENT PLAN. DURING THE YEAR $44,630 AND $35,000 WERE CONTRIBUTED TO THE PLAN RESPECTIVELY. THERE WERE NO DISTRIBUTIONS FROM THE PLAN DURING THE YEAR. SCHEDULE J, PART II, COLUMNS (C) AND (E): INCLUDES BONUS FOR PRIOR YEAR'S PERFORMANCE FORM 990 PART V, LINE 2A: SPECIALTY FOOD ASSOCIATION, INC. UTILIZES THE SERVICES OF EXTENSIS, A PROFESSIONAL EMPLOYER ORGANIZATION (PEO), TO MANAGE ITS HUMAN RESOURCES FUNCTIONS. UNDER THIS ARRANGEMENT, EXTENSIS SERVES AS THE EMPLOYER OF RECORD FOR PAYROLL AND TAX PURPOSES, WHILE THE ASSOCIATION RETAINS FULL CONTROL OVER THE HIRING, SUPERVISION, EVALUATION, AND TERMINATION OF ITS EMPLOYEES. EXTENSIS PROVIDES PAYROLL PROCESSING, BENEFITS ADMINISTRATION, WORKERS' COMPENSATION COVERAGE, AND COMPLIANCE SUPPORT. THE ASSOCIATION REIMBURSES EXTENSIS FOR GROSS WAGES, PAYROLL TAXES, EMPLOYEE BENEFITS, AND AN ADMINISTRATIVE SERVICE FEE. COMPENSATION REPORTED IN PART VII AND SCHEDULE J REFLECTS THE TOTAL COMPENSATION PAID TO OFFICERS, DIRECTORS, AND KEY EMPLOYEES THROUGH EXTENSIS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP OF THE CORPORATION SHALL BE OPEN TO ANY CORPORATION, PARTNERSHIP, LIMITED LIABILITY COMPANY OR OTHER ENTITY, OR ANY SOLE PROPRIETOR THAT: (1) MEETS THE QUALIFICATIONS ADOPTED BY THE BOARD OF DIRECTORS; (2) IS ENGAGED IN ANY ONE OR MORE AREAS OF THE SPECIALTY FOOD, BEVERAGE AND CONFECTIONERY INDUSTRY WHOSE PRODUCTS OR SERVICES MEET THE DEFINITION OF SPECIALTY FOOD PRODUCTS OR SERVICES SET FORTH IN THESE BY-LAWS OR WHOSE ACTIVITIES MEET THE OTHER RELEVANT STANDARDS ADOPTED BY THE BOARD OF DIRECTORS; AND (3) IS INTERESTED IN SUPPORTING THE PURPOSES OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A ALL BOARD POSITIONS ARE SUBJECT TO ANNUAL ELECTIONS OF THE GENERAL MEMBERSHIP. THE ASSOCIATION'S NOMINATING COMMITTEE IS CHARGED WITH SELECTING QUALIFIED CANDIDATES TO BE NOMINATED FOR THE CHANCE OF BEING ELECTED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B SPECIALTY FOOD ASSOCIATION, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. THE OUTSIDE ACCOUNTING FIRM PRESENTS THE 990 TO THE AUDIT COMMITTEE. AFTER THE PRESENTATION ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS AND KEY PERSONS ("INTERESTED PERSONS") MUST DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST WHEN VOTING ON POLICY OR TRANSACTION MATTERS OF THE CORPORATION AND COMPLY WITH THE CORPORATION'S CONFLICT OF INTEREST POLICY. THEY WILL BE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. ADDITIONALLY, THE CORPORATION SHALL NOT ENTER INTO A TRANSACTION WITH A "RELATED PARTY", AS THAT TERM IS DEFINED IN THE CORPORATION'S CONFLICT OF INTEREST POLICY, UNTIL ALL OF THE REQUIREMENTS SET FORTH IN THE CORPORATION'S CONFLICT OF INTEREST POLICY FOR APPROVING A TRANSACTION WITH A RELATED PARTY HAVE BEEN SATISFIED. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. AN INTERESTED PERSON MAY MAKE A PRESENTATION REGARDING THE ARRANGEMENT OR TRANSACTION INVOLVING THE POSSIBLE CONFLICT OF INTEREST TO THE COMMITTEE. AN INTERESTED PERSON IS PROHIBITED FROM ATTEMPTING TO IMPROPERLY INFLUENCE ANY DELIBERATION OR VOTING RELATED TO THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE INTERESTED PERSON MUST LEAVE A MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, ANY SUCH TRANSACTION OR ARRANGEMENT UNTIL THE COMMITTEE DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS. AFTER EXERCISING DUE DILIGENCE, THE COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS WHETHER A CONFLICT OF INTEREST EXISTS AND WHETHER THE TRANSACTION OR ARRANGEMENT INVOLVING A POSSIBLE CONFLICT OF INTEREST IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL REPORT TO THE BOARD ITS DETERMINATION REGARDING THE EXISTENCE OF A CONFLICT OF INTEREST AND SHALL MAKE A RECOMMENDATION AS TO WHETHER THE BOARD SHOULD APPROVE THE TRANSACTION OR ARRANGEMENT; PROVIDED THAT IF THE TRANSACTION OR ARRANGEMENT INVOLVING A POSSIBLE CONFLICT OF INTEREST CONSTITUTES A RELATED PARTY TRANSACTION THEN IT MUST BE APPROVED IN ACCORDANCE WITH THE PROCEDURES WITHIN THE CORPORATION'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS IS THE BODY CHARGED WITH REVIEWING THE COMPENSATION PACKAGES OF THE PRESIDENT AND SVP, FINANCE & STRATEGY (THE "OFFICERS") AND MAKING RECOMMENDATIONS TO BE APPROVED BY THE BOARD. THE COMMITTEE REVIEWS MARKET DATA AND PERFORMANCE IN DETERMINING WHAT AN EQUITABLE COMPENSATION PACKAGE SHOULD BE. THE REVIEW AND APPROVAL FOR THE OFFICERS WERE DOCUMENTED IN THE MEETING MINUTES. THE ORGANIZATION ENGAGED MERCER TO PERFORM AN INDEPTH COMPENSATION ANALYSIS FOR THE OFFICERS AND KEY EMPLOYEES IN 2023. THE PRESIDENT OF THE ASSOCIATION PREPARES EVALUATIONS AND SETS COMPENSATION FOR THE ORGANIZATION'S KEY EMPLOYEES BASED ON EACH INDIVIDUAL'S PERFORMANCE DURING THE CURRENT YEAR. THE BOARD OF DIRECTORS ENGAGED A THIRD PARTY TO CONDUCT AN ASSESSMENT ON BOARD COMPENSATION. THE COMPENSATION ASSESSMENT FOCUSED ON SIMILAR TYPES OF 501(C)(6) ENTITIES TO THE ASSOCIATION AND DETERMINED A REASONABLE RANGE OF COMPENSATION FOR ITS DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS AVAILABLE ON GUIDESTAR AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G TEMPORARY HELP 295,843. EXHIBIT AND TRADE SHOW CONTRACTORS 2,125,815. JANITORIAL SERVICES 15,848. PENSION SERVICE FEES 24,075. FREELANCE WORKERS 92,410. PAYROLL SERVICE FEES 68,276. AGENCY MARKETING SERVICES 21,145. SALES AGENTS 265,163. RECRUITMENT 59,375.