Resilient Floor Covering Institute

Organization Overview

Resilient Floor Covering Institute is located in Lagrange, GA. The organization was established in 1944. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2023, Resilient Floor Covering Institute employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resilient Floor Covering Institute 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 12/2023, Resilient Floor Covering Institute generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE THE LONG-TERM GROWTH AND WELL-BEING OF THE NORTH AMERICAN RESILIENT FLOOR COVERING INDUSTRY. LEVERAGE COLLECTIVE MEMBER RESOURCES TO ADDRESS INDUSTRY ISSUES AND OPPORTUNITIES THAT EXCEED THE SCOPE OF ANY SINGLE MEMBER COMPANY AND OFFER POTENTIAL BENEFIT FOR THE COMMON GOOD OF THE INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MONITORING & RESPONDING TO LEGISLATIVE & REGULATORY ISSUES OF CONCERN TO THE RESILIENT FLOOR COVERING INDUSTRY, & WORKING WITH STANDARD-SETTING BODIES ON MATTERS AFFECTING THE INDUSTRY.


DEVELOPMENT & DISSEMINATION OF WORK PRACTICES TO APPROXIMATELY 12,000 RETAILERS, INSTALLERS, ETC. OF RESILIENT FLOOR COVERING.


COLLECTING & DISSEMINATING TECHNICAL INFORMATION TO MEMBERS, INCLUDING PUBLICATION OF PERIODIC NEWSLETTER & DEVELOPMENT OF WEBSITE.


CREATING & SPONSORING OF INDUSTRY FORUM INVOLVING APPROXIMATELY 75 PARTICIPANTS TO DISCUSS PRINCIPALLY REGULATORY AND LEGISLATIVE ISSUES OF INTEREST TO THE INDUSTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Bill Blackstock
President
$329,992
Bill Anderson
Director
$0
Peter Barretto
Director
$0
Jean-Pierre Benoit
Director
$0
Brian Carson
Director
$0
Perry Coker
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Venable Llp
Consultant
$351,676
William H Freeman
Consultant
$169,931
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$2,624,528
Investment income $280
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 $2,624,808

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