Tobacco Associates Inc

EIN: 560498664

Raleigh, NC

Total Revenue
$584,694
Total Expenses
$471,634
Total Assets
$1,099,694
Net Assets
$1,060,907
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
NC
Principal Officer
KIMBERLY FOLEY
Phone
9198217670
Tax Period
2025-01-01 to 2025-12-31

Tobacco Associates Inc, founded in 1947, is a small nonprofit that reported $585K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $113K, a strong 19% operating margin.

Mission

TOBACCO ASSOCIATES PROMOTES U.S. GROWN LEAF TOBACCO BY PROVIDING TRAINING, EDUCATION, AND INFORMATION ABOUT U.S. GROWN LEAF TOBACCO TO TOBACCO LEAF CUSTOMERS AROUND THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $83,104

TRADE SERVICING MISSIONS/INTERNATIONAL TRADE FAIRS: TOBACCO ASSOCIATES TRADE SERVICING MISSIONS PROVIDE AN OPPORTUNITY FOR MARKET EXPLORATION, CUSTOMER SERVICING, AND INFORMATION GATHERING. PERSONAL...

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TRADE SERVICING MISSIONS/INTERNATIONAL TRADE FAIRS: TOBACCO ASSOCIATES TRADE SERVICING MISSIONS PROVIDE AN OPPORTUNITY FOR MARKET EXPLORATION, CUSTOMER SERVICING, AND INFORMATION GATHERING. PERSONAL MEETINGS WITH CUSTOMERS AND POTENTIAL CUSTOMERS ALLOW TA TO OBTAIN RELEVANT INFORMATION REQUIRED TO ADEQUATELY ACCESS MARKET OPPORTUNITIES FOR U.S. FLUE-CURED EXPORTS. FRANK DISCUSSIONS ARE HELD ON A COUNTRY'S DOMESTIC MARKET SITUATION AND ITS SHORT AND LONG-TERM INDUSTRY OBJECTIVES. IN RETURN, TA HAS THE OPPORTUNITY TO EXPLAIN ITS MISSION AND CAPABILITIES AS WELL AS DISCUSS AREAS WHERE TA MAY BE OF ASSISTANCE IN THE UTILIZATION OF U.S. FLUE-CURED. TYPICALLY, ONE TA STAFF MEMBER MAKES A TRIP TO A TARGETED REGION WHERE MULTIPLE MEETINGS ARE HELD IN MULTIPLE COUNTRIES. THE DURATION OF THE TRIPS ARE USUALLY 18-21 DAYS, DEPENDING ON THE REGION VISITED.TO REACH A MUCH BROADER AND DIVERSE AUDIENCE, TA TYPICALLY COMBINES ITS TRADE SERVICING MISSIONS WITH PARTICIPATION IN INTERNATIONAL TRADE FAIRS. THE TRADE FAIRS ARE ATTENDED BY MUCH OF THE WORLDWIDE TOBACCO INDUSTRY, INCLUDING: LEAF SUPPLIERS, MATERIAL SUPPLIERS, EQUIPMENT SUPPLIERS, MANUFACTURERS, FLAVOR COMPANIES, ETC. THE FAIRS PROVIDE AN EXCELLENT OPPORTUNITY FOR TA TO DISTRIBUTE INFORMATION REGARDING ITS PROMOTION PROGRAMS, ESTABLISH NEW CONTACTS, STRENGTHEN EXISTING CONTACTS AND OBTAIN USEFUL INFORMATION. IT ALSO ALLOWS TA TO KEEP ABREAST OF THE LATEST TECHNOLOGIES AND TO MEET WITH PRODUCT SUPPLIERS WHOSE ASSISTANCE IS ESSENTIAL IN IMPLEMENTING ITS TECHNICAL PROMOTION PROGRAMS. TRADE FAIRS USUALLY LAST 3 DAYS WITH ANYWHERE FROM 25-75 COMPANIES EXHIBITING AND ARE ATTENDED BY HUNDREDS OF COMPANY OFFICIALS.

Program 2
Expenses: $7,227

PRODUCT DEVELOPMENT: PRODUCT DEVELOPMENT ENCOMPASSES THE TECHNICAL ASPECTS OF PROMOTION PROGRAMS AND ACCOMPLISH THE FOLLOWING: 1) FURTHER THE UNDERSTANDING OF THE UNIQUE QUALITY CHARACTERISTICS OF...

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PRODUCT DEVELOPMENT: PRODUCT DEVELOPMENT ENCOMPASSES THE TECHNICAL ASPECTS OF PROMOTION PROGRAMS AND ACCOMPLISH THE FOLLOWING: 1) FURTHER THE UNDERSTANDING OF THE UNIQUE QUALITY CHARACTERISTICS OF U.S. FLUE-CURED, 2) DEMONSTRATE HOW U.S. FLUE-CURED GRADES CAN BE UTILIZED TO IMPROVE THE SMOKING CHARACTERISTICS OF A BLEND, 3) DEMONSTRATE HOW CERTAIN BLENDING TECHNIQUES ARE USED TO MAXIMIZE THE POSITIVE CHARACTERISTICS AND MINIMIZE THE LESS DESIRABLE CHARACTERISTICS OF EACH GRADE IN A BLEND, 4) PROVIDE ADDITIONAL TRAINING AND INFORMATION IN THE USE OF CASING AND FLAVORING ADDITIVES TO ENHANCE THE CHARACTERISTICS OF TOBACCOS AND 5) PROVIDE AN OPPORTUNITY TO JOINTLY DEVELOP NEW BLENDS FOR OUR CUSTOMERS OR POTENTIAL CUSTOMERS.TA RELIES ON THE TECHNICAL EXPERIENCE OF ITS INDEPENDENT CONSULTANTS TO PROVIDE ON-SITE TRAINING AND DEVELOPMENT ASSISTANCE. TYPICALLY, FOUR TO SIX OFFICIALS ARE TRAINED DURING A 7-10 DAY PERIOD.

Program 3
Expenses: $7,227

U.S. TRADE STUDY MISSION/LEAF SEMINARS: TOBACCO ASSOCIATES TRADE STUDY MISSION AND LEAF SEMINAR EXPENSE CATEGORY BLENDS TWO OF OUR PROVEN PROGRAMS INTO ONE.LETTERS ARE EXTENDED TO THE MANAGEMENT OF...

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U.S. TRADE STUDY MISSION/LEAF SEMINARS: TOBACCO ASSOCIATES TRADE STUDY MISSION AND LEAF SEMINAR EXPENSE CATEGORY BLENDS TWO OF OUR PROVEN PROGRAMS INTO ONE.LETTERS ARE EXTENDED TO THE MANAGEMENT OF KEY OVERSEAS CIGARETTE MANUFACTURERS INVITING THEM TO SEND TWO TO THREE REPRESENTATIVES FROM THEIR LEAF AND/OR BLEND DEVELOPMENT DEPARTMENT TO THE USA TO PARTICIPATE IN TOBACCO ASSOCIATES TWO WEEK TRAINING AND STUDY MISSION.PARTICIPANTS ARE PROVIDED AN INTENSE LEAF GRADING SCHOOL FOR U.S. FLUE-CURED LEAF. BLENDED INTO THE SCHOOL ARE IN-THE-FIELD OBSERVATION AND TRAINING VISITS TO FARMS, MARKETING CENTERS, PROCESSING PLANTS, AND MANUFACTURING.TYPICALLY, WE MAY HAVE 15-20 PARTICIPANTS FROM 8-12 COUNTRIES. OUR OBJECTIVE IS TO PROVIDE IN-DEPTH TRAINING ABOUT THE U.S. TOBACCO INDUSTRY AND SPECIFICALLY ABOUT THE VARIOUS GRADES OF U.S. GROWN LEAF. THE HOPE IS THAT THE GREATER KNOWLEDGE THE CUSTOMERS HAVE ABOUT U.S. LEAF THE MORE LIKELY THEY ARE TO PURCHASE U.S. LEAF. THE HANDS-ON DIRECT CONTACT WITH OUR FARMERS AND SUPPLIERS HAS PROVEN TO BE SUCCESSFUL. PARTICIPANTS ARE ASKED TO PROVIDE THEIR INTERNATIONAL TRANSPORTATION TO RALEIGH, NC AND TOBACCO ASSOCIATES PROVIDES LODGING, TRAINING, MATERIALS, INSTRUCTION, AND DOMESTIC TRANSPORTATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $561,932
Investment Income $22,762
Other Revenue $0
TOTAL REVENUE $584,694

Expense Breakdown

Grants Paid $0
Salaries & Benefits $247,561
Fundraising Expenses $0
Program Expenses $361,325
Other Expenses $224,073
TOTAL EXPENSES $471,634

Year-over-Year Comparison

2025 2024 Change
Revenue $584,694 $522,644 +0.1%
Expenses $471,634 $552,908 -0.1%
Net Income $113,060 $-30,264 -4.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
3
Volunteers
19

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$231,039
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEREK DAY CHAIRMAN 1.00
Officer Director
$0 $0 $0
DAVID J HINNANT VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JAY JENNINGS TREASURER 1.00
Officer Director
$0 $0 $0
MARK WELLONS NC FARM BUREAU BOARD MEMBER 1.00
Director
$0 $0 $0
JACKIE THOMPSON NC FARM BUREAU BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF TYSON NC FARM BUREAU BOARD MEMBER 1.00
Director
$0 $0 $0
JIMMY CREWS TOBACCO GROWERS ASSOCIATION 1.00
Director
$0 $0 $0
BILLY CARTER TOBACCO GROWERS ASSOCIATION 1.00
Director
$0 $0 $0
TIM YARBROUGH TOBACCO GROWERS ASSOCIATION 1.00
Director
$0 $0 $0
WAYLON BAREFOOT NC STATE GRANGE 1.00
Director
$0 $0 $0
GLENN PREDDY NC STATE GRANGE 1.00
Director
$0 $0 $0
ROBERT MILLS VIRGINIA FARM ORGANIZATIONS 1.00
Director
$0 $0 $0
TRENTON TYLER SC FARM ORGANIZATIONS 1.00
Director
$0 $0 $0
BEN TEAL SC FARM ORGANIZATIONS 1.00
Director
$0 $0 $0
CHANCE CALLAWAY GEORGIA FARM ORGANIZATIONS 1.00
Director
$0 $0 $0
KIMBERLY FOLEY EXECUTIVE DIRECTOR 40.00
Officer
$78,333 $0 $78,333
VERONICA MARTINS SECRETARY/BOOKKEEPER 40.00
Officer
$77,500 $13,537 $91,037
HENRY C MOZINGO PRESIDENT 40.00
Officer
$52,500 $9,169 $61,669
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $584,694 $471,634 $1,099,694 $113,060
2024 $522,644 $552,908 $994,820 $-30,264
2023 $614,120 $517,915 $1,036,459 $96,205
2022 $558,960 $507,742 $895,516 $51,218
2021 $542,847 $432,398 $835,111 $110,449
2020 $408,054 $546,604 $720,646 $-138,550
2019 $522,563 $634,292 $860,789 $-111,729
2018 $595,096 $831,024 $989,717 $-235,928
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