Woolmark Americas Inc
- Assets
- $239.2k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 06/1950
- Data as of
- 06/2023
- EIN
- 13-1589984
Organization Overview
Woolmark Americas Inc is located in New York, NY. The organization was established in 1950. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Woolmark Americas Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woolmark Americas Inc 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 06/2023, Woolmark Americas Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WOOLMARK AMERICAS, INC. MISSION IS TO, ON BEHALF OF WOOLGROWERS IN AUSTRALIA, CREATE, BUILD AND MAINTAIN DEMAND FOR WOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING AUSTRALIAN MERINO WOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Schlenger R&d Commercialisation Manager | Officer | 40 | $158,319 |
Elin Arnott Business Development Manager | Officer | 40 | $121,200 |
Tracy Marshall Chief Financial Officer | OfficerTrustee | 1 | $0 |
Stuart Mccullough Chief Marketing | OfficerTrustee | 2 | $0 |
John Roberts Chief Executive Officer | OfficerTrustee | 1 | $0 |
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 | $7,500 |
| Investment income | $7,559 |
| 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 | $2,402,559 |
| 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. | $309,523 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $473,397 |
| Pension plan accruals and contributions | $25,899 |
| Other employee benefits | $77,153 |
| Payroll taxes | $63,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $468,586 |
| Advertising and promotion | $697,037 |
| Office expenses | $10,330 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,690 |
| Travel | $118,158 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,258 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,342 |
| Insurance | $3,413 |
| All other expenses | $0 |
| Total functional expenses | $2,419,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $81,808 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,059 |
| Total assets | $239,150 |
| Accounts payable and accrued expenses | $76,939 |
| Grants payable | $0 |
| Deferred revenue | $7,500 |
| 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 | $129,138 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $91,744 |
| Total liabilities | $305,321 |
| Net assets without donor restrictions | $0 |
| 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 | -$66,171 |
| Total liabilities and net assets/fund balances | $239,150 |