Wood Products Manufacturers Assoc
- Assets
- $754.1k
- Revenue
- $510.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Westminster, MA
- Founding
- 04/1940
- Data as of
- 12/2021
- EIN
- 04-1985387
Organization Overview
Wood Products Manufacturers Assoc is located in Westminster, MA. The organization was established in 1940. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Wood Products Manufacturers Assoc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wood Products Manufacturers Assoc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Wood Products Manufacturers Assoc generated $510.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $430.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROMOTES FRIENDLY BUSINESS RELATIONS BY PROVIDING A FORUM THROUGH WHICH INFORMATION PERTAINING TO WOOD PRODUCTS IS DISSEMINATED AND SHARED AMONG ITS 241 MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES FRIENDLY BUSINESS RELATIONS BY PROVIDING A FORUM THROUGH WHICH INFORMATION PERTAINING TO WOOD PRODUCTS IS DISSEMINATED AND SHARED AMONG ITS 241 MEMBERS.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $204,818 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,181 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,999 |
| Total Program Service Revenue | $0 |
| Investment income | $32,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $510,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,599 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,085 |
| Pension plan accruals and contributions | $7,351 |
| Other employee benefits | $28,599 |
| Payroll taxes | $20,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,500 |
| Fees for services: Accounting | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,490 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,435 |
| Office expenses | $28,759 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,885 |
| Travel | $3,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$5,726 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,173 |
| Insurance | $25,169 |
| All other expenses | $0 |
| Total functional expenses | $430,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $23,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,180 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,981 |
| Net Land, buildings, and equipment | $7,264 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $710,176 |
| Intangible assets | $0 |
| Other assets | $385 |
| Total assets | $754,065 |
| Accounts payable and accrued expenses | $27,064 |
| Grants payable | $0 |
| Deferred revenue | $33,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $60,064 |
| Net assets without donor restrictions | $694,001 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $754,065 |
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