Civic Intelligence

Food'Nbev Connect Inc

EIN 85-2646858 • 501(c)3 • Danbury, CT

Profile

Food'nbev connect is an educational organization focused on the packaged food and beverage industry, providing training, mentoring and assistance to start-up and emerging companies in the northeast region of the u.s.

158 Main StreetDanbury, CT 06810

foodnbevct.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.89x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

0.22x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

54th percentile

3.5%

Higher net margin than 54% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

79th percentile

26%

Faster asset growth than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

65%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$41,523

Up $8,481 (+26%) from 2023

Liabilities

Up

$36,960

Up $2,514 (+7.3%) from 2023

Net Assets

Up

$4,563

Up $5,967 (+425%) from 2023

Revenue

Up

$168,625

Up $66,122 (+65%) from 2023

Expenses

Up

$162,658

Up $54,356 (+50%) from 2023

Net Income

Up

$5,967

Up $11,766 (+203%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0-$20KAssets 2020: $38,410Liabilities 2020: $34,960Net Assets 2020: $3,4502020Assets 2021: $27,020Liabilities 2021: $23,658Net Assets 2021: $3,3622021Assets 2022: $30,412Liabilities 2022: $26,017Net Assets 2022: $4,3952022Assets 2023: $33,042Liabilities 2023: $34,446Net Assets 2023: -$1,4042023Assets 2024: $41,523Liabilities 2024: $36,960Net Assets 2024: $4,5632024

Highlighted filing

2024

Assets$41,523
Liabilities$36,960
Net Assets$4,563

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2020: $86,000Expenses 2020: $82,550Net Income 2020: $3,4502020Revenue 2021: $109,575Expenses 2021: $109,663Net Income 2021: -$882021Revenue 2022: $110,850Expenses 2022: $109,817Net Income 2022: $1,0332022Revenue 2023: $102,503Expenses 2023: $108,302Net Income 2023: -$5,7992023Revenue 2024: $168,625Expenses 2024: $162,658Net Income 2024: $5,9672024

Highlighted filing

2024

Revenue$168,625
Expenses$162,658
Net Income$5,967

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 24, 2025
Return Version
2024v5.1
Gross Receipts
$168,625
Mission and Program Overview

Mission

Food'nbev connect is an educational organization focused on the packaged food and beverage industry, providing training, mentoring and assistance to start-up and emerging companies in the northeast region of the u.s.

Program Services

DescriptionGrantsExpenses
EDUCATIONAL SERVICES - THE ORGANIZATION PROVIDED 11 ON-LINE, VIRTUAL WORKSHOPS THAT WERE ATTENDED BY OVER 385 COMMUNITY MEMBERS DURING THE TAX YEAR COVERING TOPICS FROM PRODUCT INNOVATION, PACKAGE DESIGN AND DEVELOPMENT, FINANCING OPERATIONS, INGREDIENT AND RECIPE FORMULATION, OPTIMIZING E-COMMERCE/DIRECT-TO-CONSUMER CHANNELS, DISTRIBUTION AND OTHER TOPICS.$0$0
MEMBERSHIP MENTORING & REFERRAL SERVICES - THE ORGANIZATION PROVIDED OVER 230 HOURS (120 SESSIONS) OF MENTORING AND ADVICE TO MEMBERS DURING THE TAX YEAR AND MADE REFERRALS TO OTHER PRO-BONO SERVICE PROVIDERS FOR ASSISTANCE WITH FUND RAISING/CAPITAL RAISING, MARKETING, PUBLIC RELATIONS, DISTRIBUTION PLACEMENT, PACKAGING, FOOD RECIPE FORMULATION AND OTHER. IMPACT WAS TO 17 TOTAL BRAND MEMBER COMPANIES DURING THE TAX YEAR.$0$0
EDUCATIONAL SERVICES - CO-HOSTED THE 2024 CT BIG FOOD EVENT IN FEBRUARY, A LIVE EVENT WITH SEVERAL PANEL DISCUSSIONS, LIVE PRODUCT SAMPLING AND A PITCH COMPETITION THAT PROVIDED $50,000 TO FIVE BRANDS THAT COMPETED. IN TOTAL, THERE WERE 225 ATTENDEES, 15 BRANDS SAMPLING THEIR PRODUCTS AND 6 MAJOR GROCERS AND DISTRIBUTORS IN ATTENDANCE AND SUPPORTING THE COMMUNITY BUILDING EFFORT.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RANDY HARRISONDirector-$0--
MICHAEL KALTSCHNEEDirector-$0--
WILLIAM GUSTAFSONDirector-$0--
JIM GIANGRANDEDirector-$0--
TIM BROWNPresident-$0--
STEPHEN COOPERSecretary-$0--
Filing and Contact Details

Filer

Filer Name
FOOD'NBEV CONNECT INC
EIN
85-2646858
Phone
9145899970
Address
158 MAIN STREET, DANBURY, CT 06810

Signing Officer

Name
Stephen Cooper
Title
Secretary
Phone
9145899970
Signed
2025-04-24
Discuss with paid preparer
Yes

Preparer

Firm
Cbiz Advisors LLC
Address
555 LONG WHARF DRIVE, NEW HAVEN, CT 06511
Preparer
Randy L Harrison CPA
Phone
2037819600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: insurance. Amount: 272. Description: events. Amount: 4,371. Description: miscellaneous. Amount: 518. Description: travel. Amount: 1,453. Description: office expenses. Amount: 1,411. Description: photographer. Amount: 1,000. Description: pitch grants. Amount: 50,000. Description: ceremonies. Amount: 750. Total to form 990-ez, line 16: 59,775.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 1,500. End of year amount: 775.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 34,446. End of year amount: 34,763. Description: credit cards payable. Beg. Of year amount: 0. End of year amount: 197. Description: deferred revenue. Beg. Of year amount: 0. End of year amount: 2,000.

Raw XML Appendix172 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0FOOD'NBEV CONNECT IS AN EDUCATIONAL ORGANIZATION FOCUSED ON THE PACKAGED FOOD AND BEVERAGE INDUSTRY, PROVIDING TRAINING, MENTORING AND ASSISTANCE TO START-UP AND EMERGING COMPANIES IN THE NORTHEAST REGION OF THE U.S.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1MEMBERSHIP MENTORING & REFERRAL SERVICES - THE ORGANIZATION PROVIDED OVER 230 HOURS (120 SESSIONS) OF MENTORING AND ADVICE TO MEMBERS DURING THE TAX YEAR AND MADE REFERRALS TO OTHER PRO-BONO SERVICE PROVIDERS FOR ASSISTANCE WITH FUND RAISING/CAPITAL RAISING, MARKETING, PUBLIC RELATIONS, DISTRIBUTION PLACEMENT, PACKAGING, FOOD RECIPE FORMULATION AND OTHER. IMPACT WAS TO 17 TOTAL BRAND MEMBER COMPANIES DURING THE TAX YEAR.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2EDUCATIONAL SERVICES - CO-HOSTED THE 2024 CT BIG FOOD EVENT IN FEBRUARY, A LIVE EVENT WITH SEVERAL PANEL DISCUSSIONS, LIVE PRODUCT SAMPLING AND A PITCH COMPETITION THAT PROVIDED $50,000 TO FIVE BRANDS THAT COMPETED. IN TOTAL, THERE WERE 225 ATTENDEES, 15 BRANDS SAMPLING THEIR PRODUCTS AND 6 MAJOR GROCERS AND DISTRIBUTORS IN ATTENDANCE AND SUPPORTING THE COMMUNITY BUILDING EFFORT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INSURANCE. AMOUNT: 272. DESCRIPTION: EVENTS. AMOUNT: 4,371. DESCRIPTION: MISCELLANEOUS. AMOUNT: 518. DESCRIPTION: TRAVEL. AMOUNT: 1,453. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 1,411. DESCRIPTION: PHOTOGRAPHER. AMOUNT: 1,000. DESCRIPTION: PITCH GRANTS. AMOUNT: 50,000. DESCRIPTION: CEREMONIES. AMOUNT: 750. TOTAL TO FORM 990-EZ, LINE 16: 59,775.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 1,500. END OF YEAR AMOUNT: 775.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 34,446. END OF YEAR AMOUNT: 34,763. DESCRIPTION: CREDIT CARDS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 197. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 2,000.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/Filer/EIN0852646858
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-24
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ReturnHeader/ReturnTs02025-05-06T10:51:00-05:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
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