Rhode Island Lumber & Building Material Dealers Association
- Assets
- $6.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 26
- Location
- Rensselaer, NY
- Founding
- 06/2002
- Data as of
- 09/2021
- EIN
- 16-0573320
Organization Overview
Rhode Island Lumber & Building Material Dealers Association is located in Rensselaer, NY. The organization was established in 2002. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Rhode Island Lumber & Building Material Dealers Association employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Lumber & Building Material Dealers Association 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 09/2021, Rhode Island Lumber & Building Material Dealers Association generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $1.7m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE VARIOUS SERVICES TO MEMBERS, WHICH INCLUDE EDUCATION, PROFESSIONAL DEVELOPMENT, DEALER MERCHANDISING, CONSULTING, LEGISLATIVE REPRESENTATION, AN ANNUAL CONVENTION, AND FINANCIAL, LEGAL, AND INFORMATIONAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORTHEASTERN RETAIL LUMBER ASSOCIATION SUPPORTS AND PARTICIPATES IN EDUCATIONAL EVENTS FOR ITS MEMBERS AND PROVIDES INFORMATION ON THEIR INDUSTRY AND BUSINESSES.
THE NORTHEASTERN RETAIL LUMBER ASSOCIATION PUBLISHES A WIDE VARIETY OF MATERIALS FOR THE RETAIL LUMBER INDUSTRY.
LEGISLATIVE REPRESENTATION FOR THE MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita C Ferris Cae President | Officer | 16 | $88,410 |
Marthanne G Gershman Director Of Finance - Former | Officer | 14 | $32,156 |
Lorraine Miner Chair | OfficerTrustee | 1 | $0 |
Rod Wiles Immediate Past Chair | OfficerTrustee | 1 | $0 |
Genn Howley Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Nick Kuiken Chair-Elect | 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 | $1,233,063 |
| Investment income | $46,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $282,177 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,588,921 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,756 |
| 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. | $128,293 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $635,085 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,304 |
| Payroll taxes | $60,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,809 |
| Fees for services: Accounting | $11,343 |
| Fees for services: Lobbying | $205,005 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,940 |
| Fees for services: Other | $51,873 |
| Advertising and promotion | $0 |
| Office expenses | $25,978 |
| Information technology | $94,978 |
| Royalties | $0 |
| Occupancy | $75,064 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,042 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,187 |
| Insurance | $31,996 |
| All other expenses | $3,817 |
| Total functional expenses | $1,672,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $126,969 |
| 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 | $249,472 |
| Net Land, buildings, and equipment | $421 |
| Investments—publicly traded securities | $4,144,749 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,071,150 |
| Total assets | $6,807,037 |
| Accounts payable and accrued expenses | $28,026 |
| Grants payable | $0 |
| Deferred revenue | $1,040,445 |
| 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 | $1,068,471 |
| Net assets without donor restrictions | $5,738,566 |
| 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 | $6,807,037 |
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Hydraulic Institute Parsippany, NJ | $5,955,075 | $2,798,484 |
International Association Of Credit Portfolio Managers Inc New York, NY | $3,469,133 | $2,422,450 |
Call Before You Dig Inc Hamden, CT | $1,482,458 | $2,467,576 |
New England Trade Adjustment Assistance Center Inc North Billerica, MA | $129,956 | $1,964,794 |
Ascend Inc New York, NY | $5,589,868 | $3,173,147 |
Rhode Island Lumber & Building Material Dealers Association Rensselaer, NY | $6,807,037 | $1,588,921 |