2018-07-18T16:42:31-05:00 2017-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2017-01-01 131934121 SPECIALTY FOOD ASSOCIATION INC SPEC 2124826440 136 MADISON AVENUE 12TH FL NEW YORK NY 10016 PHILLIP M KAFARAKIS PRESIDENT 2124826440 2018-07-18 1 GARRETT M HIGGINS P00543209 9143818900 2018-07-16 2017 2022-09-23 18:48:47Z PHILLIP M KAFARAKIS 136 MADISON AVENUE 12TH FL NEW YORK NY 10016 38126743 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 APPROXIMATELY 3,400 SPECIALTY FOOD COMPANIES WORKS TO FOSTER A THRIVING SPECIALTY FOODS MARKETPLACE. 16 16 65 130 1572177 -1750 0 0 26592160 27238012 1963891 1696492 94700 140968 28650751 29075472 104211 105765 0 0 8545560 8760848 0 0 0 16505247 17871958 25155018 26738571 3495733 2336901 68362566 76445939 20746506 21782778 47616060 54663161 THE SPECIALTY FOOD ASSOCIATION, INC. (SFA) IS A TRADE ASSOCIATION WHICH, THROUGH ITS MEDIA PROGRAMS, THE FANCY FOOD SHOW, AND ITS MEMBERSHIP OF APPROXIMATELY 3,400 COMPANIES WORKS TO FOSTER A THRIVING SPECIALTY FOODS MARKETPLACE. 0 0 THE SFA OWNS AND MANAGES THE FANCY FOOD SHOW, WHICH IS CONSIDERED THEPREMIER FOOD SHOW IN THE UNITED STATES. IN ADDITION TO PROVIDING OVER550,000 SQ FT OF EXHIBIT SPACE AND OVER 2,700 EXHIBITORS, THE FANCYFOOD SHOW OFFERS EDUCATIONAL PROGRAMS WITH APPROXIMATELY 20 SESSIONS AYEAR INCLUDING WORKSHOPS, SEMINARS, TOURS AND SPECIAL EVENTS, AS WELLAS A BUSINESS BUILDERS 1 TO 1 PROGRAM TO AFFORD EXHIBITORS THEOPPORTUNITY TO MEET KEY BUYERS IN A PRIVATE, PROFESSIONAL SETTING; THESFA'S SOFI AWARDS COMPETITION IS CONSIDERED TO BE ONE OF THE MOSTPRESTIGIOUS AWARDS IN THE INDUSTRY. THE SFA'S MEDIA PROGRAMS INCLUDE SPECIALTY FOOD MAGAZINE, THE ONLYMAGAZINE DEDICATED TO THE SPECIALTY FOOD MARKET WITH A QUALIFIEDCIRCULATION OF MORE THAN 30,000 AND SPECIALTY FOOD NEWS, AN EMAILDIGEST OF NEWS ITEMS SPECIFIC TO THE SPECIALTY FOOD MARKET WHICH ISDELIVERED TO 50,000 SUBSCRIBERS EVERY BUSINESS DAY. THE SFA MEMBER PROGRAMS INCLUDE EDUCATIONAL OFFERINGS. THESE OFFERINGSENCOMPASS SEMINARS AND WEBINARS ON TOPICS WHICH ARE MEANT TO HELPMEMBERS OPERATE THEIR COMPANIES MORE PROFITABLY. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 103 0 0 65 1 1 1 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X PHILLIP M KAFARAKIS 2124826440 136 MADISON AVENUE 12TH FL NEW YORK NY 10016 BECKY RENFRO BORBOLLA CHAIR 2.00 1.00 X X 0 0 0 SHAWN MCBRIDE PAST CHAIR 2.00 1.00 X X 0 0 0 MATT NIELSEN VICE CHAIR 2.00 1.00 X X 0 0 0 TRISH POHANKA SECRETARY 2.00 X X 0 0 0 WILLIAM W BOOKER III BOARD FINANCIAL OFFICER 2.00 1.00 X X 0 0 0 CHARLIE APT DIRECTOR 2.00 X 0 0 0 DANIEL W DOWE DIRECTOR 2.00 X 0 0 0 SUSAN ERICKSEN DIRECTOR 2.00 X 0 0 0 DAVID GREMMELS DIRECTOR 2.00 X 0 0 0 KIRSTEN HOGAN DIRECTOR 2.00 X 0 0 0 LORI KING DIRECTOR 2.00 X 0 0 0 TOM KNIBBS DIRECTOR 2.00 X 0 0 0 EMILIO MIGNUCCI DIRECTOR 2.00 X 0 0 0 GREGORY O'NEILL DIRECTOR 2.00 X 0 0 0 TODD RUBIN DIRECTOR 2.00 X 0 0 0 LEE ZALBEN DIRECTOR 2.00 X 0 0 0 PHILLIP M KAFARAKIS PRESIDENT 39.00 1.00 X 447122 0 67676 MICHAEL TUCCILLO VP, FINANCE & ADMIN (THRU 10/17) 39.00 1.00 X 283168 0 100890 CHRIS CROCKER SVP CONTENT & MEDIA 40.00 X 316778 0 109199 CHRIS NEMCHEK SVP, SALES & BUS DEVELOPMENT 40.00 X 318294 0 94260 WILLIAM LYNCH CHIEF, TRADESHOW OFFICER 40.00 X 186864 0 64913 ENRIQUE CAMACHO CHIEF, TECH & DIGITAL OFFICER 40.00 X 177742 0 50588 RONALD TANNER VP PHILANTHROPY, GOVT, INDUSTRY 30.00 10.00 X 303637 0 132643 LAURA SANTELLA-SACCONE VP, CHIEF MRKTG OFF. (THRU 06/17 40.00 X 222813 0 21877 LISA STEFANOFF CHIEF, MEMBERSHIP OFFICER 40.00 X 191143 0 65188 CAMILLE GARGISO CHIEF, HUMAN RESOURCES (THRU 02/17) 40.00 X 169540 0 7148 DENISE PURCELL HEAD OF CONTENT 40.00 X 149352 0 34814 2766453 0 749196 20 0 1 0 FREEMAN PO BOX 650036 DALLAS TX 75265 EXHIBIT CONTRACTOR 2709279 FIXATION 4340 EAST-WEST HIGHWAY STE 200 BETHESDA MD 20814 MARKETING CONSULTING 641473 CHOICE TEMPS INC PO BOX 75343 CHICAGO IL 60675 TEMP AGENCY 479181 CAKTUS CONSULTING GROUP LLC 108 MORRIS STREET STE 2 DURHAM NC 27701 WEB DEVELOPMENT 450331 SMG 300 CONSHOHOCKEN STATE RD STE 450 W CONSHOHOCKEN PA 19428 BRAND AND VENUE MANAGEMENT 391231 25 TRADE SHOWS / EVENTS 813910 24184390 24184390 MAGAZINE / WEBSITE 541800 1572177 1572177 MEMBERSHIP DUES 900099 1176300 1176300 EDUCATION 900099 305145 305145 27238012 1621932 1621932 9125831 9051271 74560 74560 74560 MISCELLANEOUS 900099 140968 140968 140968 29075472 25665835 1572177 1837460 105765 2304721 4949657 629730 417859 458881 418317 45535 165492 1561379 366216 666076 1175544 852304 804536 10451570 375689 175621 PRODUCTION EXPENSE 207192 BOOTH CONSTRUCTION 121898 MISCELLANEOUS EXPENSE 118465 RESEARCH 86075 280049 26738571 5015738 4644945 5261722 5074301 208351 326187 1162375 1182293 5304706 3140520 1743466 2164186 48694283 57021175 3896389 3999164 2380242 2033688 68362566 76445939 1736507 2725182 14406062 15079515 4603937 3978081 20746506 21782778 X 46746922 53794023 869138 869138 47616060 54663161 68362566 76445939 2336901 4710200 0 X X 0 1 X 1 0 0 1 0 1728556 902688 825868 1625573 828521 797052 1950577 1409311 541266 2164186 KEY LIFE INSURANCE 3999164 F 3999164 DEFERRED COMPENSATION 3021606 DEFERRED RENT 956475 3978081 X 34047073 4710200 580236 5290436 28756637 318835 318835 29075472 26998244 578508 578508 26419736 318835 318835 26738571 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE 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, 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM CONSOLIDATED ENTITY IN FINANCIAL STATEMENTS 580,236. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATION ON FINANCIAL STATEMENTS 318,835. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM CONSOLIDATED ENTITY IN FINANCIAL STATEMENTS 578,508. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATION ON FINANCIAL STATEMENTS 318,835. EAST ASIA AND THE PACIFIC 0 1 SALES AGENTS TO INCREASE FOREIGN SPECIALTY FOOD TRADE SALES AGENT 21770 EUROPE (INCLUDING ICELAND & GREENLAND) 0 3 SALES AGENTS TO INCREASE FOREIGN SPECIALTY FOOD TRADE SALES AGENT 144743 MIDDLE EAST AND NORTH AFRICA 0 1 SALES AGENTS TO INCREASE FOREIGN SPECIALTY FOOD TRADE SALES AGENT 16100 SOUTH AMERICA 0 1 SALES AGENTS TO INCREASE FOREIGN SPECIALTY FOOD TRADE SALES AGENT 15313 0 6 0 0 0 6 197926 0 197926 0 0 0 0 0 0 1 SPECIALTY FOOD FOUNDATION 136 MADISON AVENUE 12TH FLOOR NEW YORK NY 10016 471358924 501(C)(3) 91231 PROGRAMMATIC SUPPORT 1 0 PART I, LINE 2: SPECIALTY FOOD ASSOCIATION, INC. MAINTAINS AN ONGOING AFFILIATION AGREEMENT WITH SPECIALTY FOOD FOUNDATION, WHICH STIPULATES THAT THE ASSOCIATION AGREES TO PROVIDE PROGRAM SUPPORT AND GENERAL MANAGEMENT SERVICES TO THE FOUNDATION AS IN-KIND DONATIONS AND AT NO COST TO THE FOUNDATION. PROGRAM SUPPORT AND MANAGEMENT SERVICES MAY INCLUDE PROFESSIONAL AND ADMINISTRATIVE SERVICES, OFFICE SPACE, OFFICE EQUIPMENT, OFFICE FURNITURE, OFFICE SUPPLIES, OFFICE SERVICES, AND PAYMENTS OF EXPENSES. THE ASSOCIATION SHALL KEEP RECORDS OF THE VALUE OF THE DONATED PROGRAM SUPPORT AND MANAGEMENT SERVICES, AND WILL SHARE THESE RECORDS WITH THE FOUNDATION. X X X 1 1 X X X X X 1 1 0 PHILLIP M KAFARAKIS PRESIDENT 373408 0 18750 0 54964 0 43197 0 24479 0 514798 0 0 0 MICHAEL TUCCILLO VP, FINANCE & ADMIN (THRU 10/17) 239908 0 33000 0 10260 0 69971 0 30919 0 384058 0 0 0 CHRIS CROCKER SVP CONTENT & MEDIA 278662 0 28662 0 9454 0 82321 0 26878 0 425977 0 0 0 CHRIS NEMCHEK SVP, SALES & BUS DEVELOPMENT 286283 0 23760 0 8251 0 57403 0 36857 0 412554 0 0 0 WILLIAM LYNCH CHIEF, TRADESHOW OFFICER 179973 0 0 0 6891 0 29505 0 35408 0 251777 0 0 0 ENRIQUE CAMACHO CHIEF, TECH & DIGITAL OFFICER 175337 0 0 0 2405 0 26888 0 23700 0 228330 0 0 0 RONALD TANNER VP PHILANTHROPY, GOVT, INDUSTRY 270853 0 22058 0 10726 0 109815 0 22828 0 436280 0 0 0 LAURA SANTELLA-SACCONE VP, CHIEF MRKTG OFF. (THRU 06/17 120043 0 0 0 102770 0 3814 0 18063 0 244690 0 0 0 LISA STEFANOFF CHIEF, MEMBERSHIP OFFICER 176768 0 7000 0 7375 0 29844 0 35344 0 256331 0 0 0 CAMILLE GARGISO CHIEF, HUMAN RESOURCES (THRU 02/17) 29860 0 0 0 139680 0 974 0 6174 0 176688 0 0 0 DENISE PURCELL HEAD OF CONTENT 145409 0 3500 0 443 0 22697 0 12117 0 184166 0 0 0 PART I, LINE 1A CERTAIN OF THE ASSOCIATION'S OFFICERS AND EXECUTIVES EACH RECEIVE AN ANNUAL TRAVEL ALLOWANCE. THE AMOUNT OF THE ALLOWANCE IS REPORTED IN "OTHER COMPENSATION" ON PART II, COLUMN III. THE ASSOCIATION'S DIRECTORS ARE PERMITTED TO HAVE A GUEST ACCOMPANY THEM TO ONE BOARD MEETING EACH YEAR. DIRECTOR COMPANION TRAVEL IS REIMBURSED TO INDIVIDUALS AFTER APPROPRIATE SUPPORTING DOCUMENTATION IS PRESENTED TO THE SFA. PAYMENTS MADE TO EMPLOYEES ARE MADE IN ACCORDANCE WITH THE APPLICABLE CONTRACT. THE PRESIDENT OF THE ORGANIZATION RECEIVED A HOUSING ALLOWANCE IN THE AMOUNT OF $51,340 THAT WAS TAXABLE TO HIM IN 2017. PART I, LINES 4A-B CAMILLE GARGISO AND LAURA SANTELLA-SACCONE, KEY EMPLOYEES, RECEIVED SEVERANCE PACKAGES OF $136,673 AND $85,152, RESPECTIVELY, IN THEIR 2017 W-2S. CERTAIN OF THE ASSOCIATION'S OFFICERS AND EXECUTIVES PARTICIPATE IN A NONQUALIFIED DEFERRED COMPENSATION PLAN. THE PARTICIPANTS DO NOT VEST IN THE PLAN UNTIL CERTAIN CONTRACTUAL CONDITIONS ARE MET. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE PLAN, CHRIS CROCKER, CHRIS NEMCHEK, RONALD TANNER AND MICHAEL TUCCILLO. 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 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 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. 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 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. DIRECTORS 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 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. THE ORGANIZATION ENGAGED MERCER TO PERFORM AN INDEPTH COMPENSATION ANALYSIS FOR THE CEO AND OFFICERS IN 2016 AND KEY EMPLOYEES IN 2017. 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 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS POSTED 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 AT 136 MADISON AVENUE (12TH FLOOR), NEW YORK, NY 10016 OR BY CALLING THE ORGANIZATION DIRECTLY AT 212-482-6440. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SPECIALTY FOOD FOUNDATION 136 MADISON AVENUE 12TH FLOOR NEW YORK NY 10016 471358924 SUPPORT HUNGER INTIATIVES DC 501(C)(3) LINE 7 SPECIALTY FOOD ASSOCAITION 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 SPECIALTY FOOD FOUNDATION B 91231 COST SPECIALTY FOOD FOUNDATION L 227604 COST