Hardwood Federation Inc
- Assets
- $299.7k
- Revenue
- $607.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 20-0744153
Organization Overview
Hardwood Federation Inc is located in Washington, DC. The organization was established in 2004. 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, Hardwood Federation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hardwood Federation 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 12/2021, Hardwood Federation Inc generated $607.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $504.9k during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS THE LEGISLATIVE ARM FOR THE HARDWOOD INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HF DEVELOPED AND PURSUED A RANGE OF LEGISLATIVE PRIORITIES FOR THE HARDWOOD INDUSTRY TO: PROMOTE AND REPRESENT THE INTEREST AND IMPROVE BUSINESS CONDITIONS IN THE HARDWOOD INDUSTRY TO MAINTAIN A HEALTHY BUSINESS ENVIRONMENT FOR SMALL AND FAMILY BUSINESSES. AND TO MTN COMMERCIAL ACCESS TO FED AND PRIVATE HARDWOOD TIMBERLANDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Cole Executive Director | Officer | 40 | $205,514 |
Matthew Smith President | OfficerTrustee | 2 | $0 |
Rick Holden Board Past Chair | OfficerTrustee | 2 | $0 |
Troy Brown Vice President | OfficerTrustee | 2 | $0 |
Jamey French Policy Chair | Trustee | 2 | $0 |
Ted Rossi Development Chair | Trustee | 2 | $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 | $310,808 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,808 |
| Total Program Service Revenue | $296,344 |
| Investment income | $0 |
| 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 | $607,439 |
| 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. | $221,725 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,665 |
| Pension plan accruals and contributions | $2,052 |
| Other employee benefits | $19,684 |
| Payroll taxes | $20,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,343 |
| Fees for services: Lobbying | $84,996 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,618 |
| Advertising and promotion | $0 |
| Office expenses | $2,431 |
| Information technology | $1,491 |
| Royalties | $0 |
| Occupancy | $8,460 |
| Travel | $7,563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $853 |
| All other expenses | $0 |
| Total functional expenses | $504,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,158 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,602 |
| 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 | $7,950 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $299,710 |
| Accounts payable and accrued expenses | $11,360 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,825 |
| Total liabilities | $14,185 |
| Net assets without donor restrictions | $285,525 |
| 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 | $299,710 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hardwood Federation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Wood Flooring Association Chesterfield, MO PURPOSE: GENERAL SUPPORT | $5,000 |
National Wood Flooring Association Chesterfield, MO PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Restaurant Association Washington, DC | $192,667,812 | $96,146,955 |
American Association Of State Highway & Transportation Officials Washington, DC | $177,160,624 | $97,013,353 |
American Beverage Association Washington, DC | $114,967,236 | $101,585,081 |
Credit Union National Association Inc Washington, DC | $67,388,582 | $69,543,852 |
Edison Electric Institute Washington, DC | $198,917,565 | $81,084,181 |
Investment Company Institute Washington, DC | $76,230,571 | $72,478,404 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
National Retail Federation Inc Washington, DC | $44,909,805 | $48,694,616 |
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |
Mexican Haas Avocado Importers Association Fallston, MD | $10,238,623 | $43,648,629 |
Certified Financial Planner Board Of Standards Inc Washington, DC | $72,477,411 | $49,028,168 |