Florida Tomato Exchange

The Florida Tomato Exchange (FTE) is a US nonprofit organization established in 1974 to promote cooperation among Florida's tomato growers and packers. The organization operates under the status of a 501(c)(6), which is designated for business leagues, chambers of commerce, and similar entities aimed at improving business conditions. Donations to the Florida Tomato Exchange are not tax deductible.

Purpose and Activities

The primary goal of the FTE is to foster long-term viability of tomato production in Florida. It achieves this by advocating for the interests of tomato growers and packers in the state. The organization also involves lobbying efforts and hires legal counsel to support the interests of the tomato industry. Regular board meetings are an integral part of its activities, allowing members to discuss industry-related issues and strategies.

Governance and Compensation

The Florida Tomato Exchange is governed by a board of directors and officers. Key positions include the president, vice president, secretary, treasurer, and executive vice president, among others. Notably, the compensation for these roles is reported as zero, indicating that the organization's leaders may serve without direct financial remuneration.

Financial Overview

Financially, the Florida Tomato Exchange relies heavily on contributions, which form the majority of its revenue. In recent years, the organization has reported substantial contributions, with minimal income from investments. It maintains a modest asset base and operates with minimal liabilities.

This article is based on available data and may not be comprehensive, as specific financial or operational details may change over time. The Florida Tomato Exchange plays a crucial role in representing and advocating for the Florida tomato industry, contributing to its sustainability and growth.