2012-11-12T11:55:48-06:00 2011-12-31 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2011-01-01 131934121 NATIONAL ASSOCIATION FOR THE SPECIALTY FOOD TRADE INC NATI 2124826440 136 MADISON AVENUE 12TH FL NEW YORK NY 10016 MICHAEL TUCCILLO 2124826440 2012-11-12 1 DOUGLAS A BOEDEKER P00366180 2022932200 2011 2016-02-24 21:20:13Z ANN DAW 136 MADISON AVENUE 12TH FL NEW YORK NY 10016 22886603 0 X WWW.NASFT.ORG X 1952 NY THE NATIONAL ASSOCIATION FOR THE SPECIALTY FOOD TRADE, INC. (NASFT) IS A TRADE ASSOCIATION WHICH, THROUGH ITS MEDIA PROGRAMS, THE FANCY FOOD SHOW, AND ITS MEMBERSHIP OF APPROXIMATELY 3,000 SPECIALTY FOOD COMPANIES WORKS TO FOSTER A THRIVING SPECIALTY FOODS MARKETPLACE. 16 16 66 100 1651054 -1000 0 0 22306554 22036226 836960 842091 478 8286 23143992 22886603 0 0 0 0 7289109 7756247 0 0 0 11999370 11251425 19288479 19007672 3855513 3878931 46198297 51207224 15361750 16808223 30836547 34399001 THE NATIONAL ASSOCIATION FOR THE SPECIALTY FOOD TRADE, INC. (NASFT) IS A TRADE ASSOCIATION WHICH, THROUGH ITS MEDIA PROGRAMS, THE FANCY FOOD SHOW, AND ITS MEMBERSHIP OF APPROXIMATELY 3,000 SPECIALTY FOOD COMPANIES WORKS TO FOSTER A THRIVING SPECIALTY FOODS MARKETPLACE. 0 0 THE NASFT OWNS AND MANAGES THE FANCY FOOD SHOW, WHICH IS CONSIDERED THE PREMIER FOOD SHOW IN THE UNITED STATES. IN ADDITION TO PROVIDING OVER 500,000 SQ FT OF EXHIBIT SPACE AND OVER 2,400 EXHIBITORS, THE FANCY FOOD SHOW OFFERS EDUCATIONAL PROGRAMS WITH OVER 50 SESSIONS A YEAR INCLUDING WORKSHOPS, SEMINARS, TOURS AND SPECIAL EVENTS, A BUSINESS BUILDERS 1 TO 1 PROGRAM TO AFFORD EXHIBITORS THE OPPORTUNITY TO MEET KEY BUYERS IN A PRIVATE, PROFESSIONAL SETTING; THE NASFT'S SOFI AWARDS COMPETITION IS CONSIDERED TO BE ONE OF THE MOST PRESTIGIOUS AWARDS IN THE INDUSTRY. THE NASFT'S MEDIA PROGRAMS INCLUDE SPECIALTY FOOD MAGAZINE, THE ONLY MAGAZINE DEDICATED TO THE SPECIALTY FOOD MARKET WITH A QUALIFIED CIRCULATION OF MORE THAN 30,000 AND SPECIALTY FOOD NEWS, AN EMAIL DIGEST OF NEWS ITEMS SPECIFIC TO THE SPECIALTY FOOD MARKET WHICH IS DELIVERED TO 42,000 SUBSCRIBERS EVERY BUSINESS DAY. THE NASFT MEMBER PROGRAMS INCLUDE EDUCATIONAL OFFERINGS. THESE OFFERINGS ENCOMPASS SEMINARS AND WEBINARS ON TOPICS WHICH ARE MEANT TO HELP MEMBERS OPERATE THEIR COMPANIES MORE PROFITABLY. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 69 0 1 66 1 1 1 0 0 0 1 1 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 0 0 X NASFT MICHAEL TUCCILLO 2124826440 136 MADISON AVENUE 12TH FLOOR NEW YORK NY 10016 DENNIS DESCHAINE 2.00 X X 0 0 0 MIKE SILVER 2.00 X X 538 0 0 TRISH POHANKA 2.00 X X 0 0 0 SHAWN MCBRIDE 2.00 X X 0 0 0 BECKY RENFRO BORBOLLA 2.00 X X 0 0 0 JOHN ACREE 2.00 X 0 0 0 KEITH KEOGH 2.00 X 0 0 0 PATRICIA LOBEL 2.00 X 0 0 0 MATT NIELSEN 2.00 X 0 0 0 STEWART REICH 2.00 X 0 0 0 BRAD VAN DAM 2.00 X 0 0 0 WILLIAM BOOKER III 2.00 X 701 0 0 NATALIE KING 2.00 X 0 0 0 SAM MOGANNAM 2.00 X 0 0 0 JACK PORTER 2.00 X 0 0 0 RON STRACI 2.00 X 0 0 0 ANN DAW 40.00 X 522872 0 175767 CHRIS CROCKER 40.00 X 296152 0 124652 CHRIS NEMCHEK 40.00 X 310109 0 120412 MICHAEL TUCCILLO 40.00 X 259476 0 118767 RON TANNER 40.00 X 282428 0 128140 KENNETH SEITER 40.00 X 186096 0 34706 LISA STEFANOFF 40.00 X 154191 0 34900 MERYL SKYLER 40.00 X 141748 0 30610 CAMILLE GARGISO 40.00 X 143611 0 35183 BETSY SCHWARTZ 40.00 X 126127 0 42444 ERIK MAAS 40.00 X 126255 0 19490 WILLIAM LYNCH 40.00 X 127644 0 37524 2677948 0 902595 15 0 1 0 FREEMAN 1600 VICEROY SUITE 100 DALLAS TX 732352306 CONFERENCE SERVICES 1651682 CREATIVE EXPOS AND CONFERENCES 28 BUBBLING BROOK ROAD WALPOLE MA 02081 EVENT PLANNING SERVICES 180316 MARK FERRI PHOTOGRAPHY 307 WEST 38TH STREET SUITE 2003 NEW YORK NY 10018 PHOTOGRAPHER 120329 UNIVERSAL MARKETING VIALE PALMIRO TAGLIATTI 1663 ROMA IT 00155 SALES AGENT 118692 4 TRADE SHOWS / EVENTS 900099 19172677 19073540 99137 MAGAZINE / WEBSITE 541800 1672809 120892 1551917 MEMBERSHIP DUES 900099 939300 939300 EDUCATION 900099 251440 251440 22036226 842091 842091 MISCELLANEOUS 900099 8286 8286 8286 22886603 20385172 1651054 850377 2749907 3830107 458306 322261 395666 136217 38198 580664 651331 106862 548129 792082 742997 4592223 382947 257025 PRINTING & PUBLICATIONS 1043986 POSTAGE & DELIVERY 458971 CREDIT CARD FEES 398892 RESEARCH 295914 224987 19007672 3611541 4237920 348339 213365 1660862 1620282 3414137 766890 2884414 2647247 33511526 38006210 4181615 4482200 46198297 51207224 2724328 2908105 10273983 11160486 2363439 2739632 15361750 16808223 X 29604236 33279190 1232311 1119811 30836547 34399001 46198297 51207224 X 3878931 -316477 X X 0 1 1 X 0 0 1 0 1728556 211268 1517288 933857 246498 687359 751724 309124 442600 2647247 DUE FROM EMPLOYEES (ROUTINE ADVANCES) 62 LIFE INSURANCE CASH SURRENDER VALUE 4482138 4482200 DEFERRED COMPENSATION 2739632 2739632 22886603 19007672 3878931 -316477 -316477 3562454 22570126 -316477 -316477 22886603 0 22886603 19007672 0 19007672 0 19007672 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION HAS ADOPTED THE ACCOUNTING STANDARDS RELATED TO UNCERTAIN INCOME TAX POSITIONS. THESE STANDARDS REQUIRE THAT REALIZATION OF AN UNCERTAIN INCOME TAX POSITION MUST BE MORE LIKELY THAN NOT (I.E., GREATER THAN 50% LIKELIHOOD OF RECEIVING A BENEFIT) BEFORE IT CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THERE WAS NO IMPACT ON THE ASSOCIATION'S FINANCIAL STATEMENTS FROM ITS ADOPTION OF THE STANDARDS. THE ASSOCIATION BELIEVES IT IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2008. EAST ASIA 0 3 SALES AGENTS TO INCREASE FOREIGN SPECIALTY FOOD TRADE SALES AGENT 37168 EUROPE 0 2 SALES AGENTS TO INCREASE FOREIGN SPECIALTY FOOD TRADE SALES AGENT 122532 SOUTH AMERICA 0 1 SALES AGENTS TO INCREASE FOREIGN SPECIALTY FOOD TRADE SALES AGENT 14763 SOUTH ASIA 0 1 SALES AGENTS TO INCREASE FOREIGN SPECIALTY FOOD TRADE SALES AGENT 2090 MIDDLE EAST AND NORTH AFRICA 0 1 SALES AGENTS TO INCREASE FOREIGN SPECIALTY FOOD TRADE SALES AGENT 11034 0 8 0 0 0 8 187587 0 187587 0 0 0 0 0 0 X X 1 0 X X X X X X 0 1 0 ANN DAW 426925 0 78783 0 17164 0 153870 0 21897 0 698639 0 0 0 CHRIS CROCKER 261769 0 26300 0 8083 0 100438 0 24214 0 420804 0 0 0 CHRIS NEMCHEK 274632 0 27800 0 7677 0 99781 0 20631 0 430521 0 0 0 MICHAEL TUCCILLO 228560 0 23200 0 7716 0 95276 0 23491 0 378243 0 0 0 RON TANNER 248643 0 24700 0 9085 0 110577 0 17563 0 410568 0 0 0 KENNETH SEITER 173733 0 10000 0 2363 0 27975 0 6731 0 220802 0 0 0 LISA STEFANOFF 149735 0 4000 0 456 0 23573 0 11327 0 189091 0 0 0 MERYL SKYLER 137072 0 3500 0 1176 0 21525 0 9085 0 172358 0 0 0 CAMILLE GARGISO 138008 0 4500 0 1103 0 22027 0 13156 0 178794 0 0 0 BETSY SCHWARTZ 122368 0 3500 0 259 0 20430 0 22014 0 168571 0 0 0 WILLIAM LYNCH 122425 0 5000 0 219 0 20260 0 17264 0 165168 0 0 0 PART I, LINE 1A THE ASSOCIATION'S OFFICERS EACH RECEIVE AN ANNUAL TRAVEL ALLOWANCE. THE AMOUNT OF THE ALLOWANCE IS INCLUDED WITHIN "OTHER COMPENSATION" ON THE ACCOMPANYING PAGE OF SCHEDULE J. THE ASSOCIATION'S DIRECTORS ARE PERMITTED TO HAVE A GUEST ACCOMPANY THEM TO ONE BOARD MEETING EACH YEAR. PART I, LINE 1B THE TRAVEL ALLOWANCE IS PAID TO EACH OFFICER IN ACCORDANCE WITH THE TERMS OF THE INDIVIDUAL'S CONTRACT. PART I, LINE 4B THE ASSOCIATION'S OFFICERS PARTICIPATE IN A NONQUALIFIED DEFERRED COMPENSATION PLAN. THE PARTICIPANTS DO NOT VEST IN THE PLAN UNTIL CERTAIN CONTRACTUAL CONDITIONS ARE MET. NONE OF THE OFFICERS RECEIVED ANY PAYMENTS FROM THE NONQUALIFIED PLAN DURING 2011. THE ANNUAL EXPENSE RELATED TO THE NONQUALIFIED PLAN IS INCLUDED WITHIN EACH OFFICER'S DEFERRED COMPENSATION VALUE REPORTED ON THIS SCHEDULE J. SUPPLEMENTAL INFORMATION PART III PART I, LINE 2 COMPANION TRAVEL IS REIMBURSED TO INDIVIDUALS AFTER APPROPRIATE SUPPORTING DOCUMENTATION IS PRESENTED TO THE NASFT. PAYMENTS UNDER THE TRAVEL ALLOWANCES ARE MADE IN ACCORDANCE WITH THE APPLICABLE CONTRACT. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS AVAILABLE TO QUALIFIED INDIVIDUALS AND BUSINESSES ACTIVELY ENGAGED IN THE SPECIALTY FOOD INDUSTRY. FORM 990, PART VI, SECTION A, LINE 7A ALL BOARD POSITIONS ARE SUBJECT TO BI-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 A, LINE 7B AMENDMENTS TO THE ASSOCIATION'S BY-LAWS MUST BE APPROVED BY A MEMBERSHIP VOTE. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FORM 990 IS REVIEWED BY THE ASSOCIATION'S BUDGET & AUDIT COMMITTEE. AFTER THE COMMITTEE HAS REVIEWED THE DRAFT FORM, IT IS THEN SENT ON TO THE BOARD FOR THE BOARD'S APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF STAFF AND THE BOARD ARE BOUND BY A CONFLICT OF INTEREST POLICY. IN ADDITION, AS MEMBERS OF THE NASFT, BOARD MEMBERS ARE ALSO BOUND BY THE NASFT'S STANDARDS OF MEMBER CONDUCT WHICH DICTATE ETHICAL BUSINESS PRACTICES AND FAIR DEALING. FOLLOWING EACH ELECTION OF BOARD MEMBERS, THERE IS A "BOARD ORIENTATION" SESSION. THE PROHIBITION AGAINST CONFLICTS OF INTEREST IS ONE OF THE TOPICS COVERED AT THE ORIENTATION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS IS THE BODY CHARGED WITH REVIEWING THE PRESIDENT'S COMPENSATION PACKAGE. THE COMMITTEE REVIEWS MARKET DATA AND THE PRESIDENT'S PERFORMANCE IN DETERMINING WHAT AN EQUITABLE COMPENSATION PACKAGE SHOULD BE. IN TURN, THE PRESIDENT OF THE ASSOCIATION IS CHARGED WITH PREPARING EVALUATIONS FOR THE ORGANIZATION'S OFFICERS BASED ON EACH INDIVIDUAL'S PERFORMANCE DURING THE CURRENT YEAR. THIS DATA IS THEN USED BY THE PRESIDENT IN SETTING COMPENSATION PACKAGES FOR THE ORGANIZATION'S OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 NASFT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -316,477. FORM 990, PART XI, LINE 2C THIS PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR.