National Kitchen & Bath Assoc
- Assets
- $35.8m
- Revenue
- $20.5m
- Investments
- $0.0
- Employees
- 53
- Location
- Bethlehem, PA
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 23-1656462
Organization Overview
National Kitchen & Bath Assoc is located in Bethlehem, PA. The organization was established in 1994. 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 12/2022, National Kitchen & Bath Assoc employed 53 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Kitchen & Bath 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 12/2022, National Kitchen & Bath Assoc generated $20.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $13.5m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH THE CREATION OF MARKETPLACES, NETWORKS AND CERTIFICATIONS THAT RAISE THE LEVEL OF PROFESSIONALISM BY INSPIRING, LEADING AND EMPOWERING EACH MEMBER OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP - THE NATIONAL KITCHEN & BATH ASSOCIATION HAS NEARLY 14,000 MEMBERS, CONDUCTED LEADERSHIP TRAINING FOR MORE THAN 300 CHAPTER OFFICERS.
PUBLIC RELATIONS EXPENSE IS INCURRED TO PROMOTE THE INDUSTRY IN GENERAL AND TO EDUCATE THE PUBLIC ABOUT THE INDUSTRY, ITS PRODUCTS, AND MEMBER EDUCATION.
PROFESSIONAL PROGRAMS -OUR MISSION THROUGH THE CREATION OF MARKETPLACES, NETWORKS AND CERTIFICATIONS, NKBA WILL INSPIRE, LEAD, AND EMPOWER THE KITCHEN AND BATH INDUSTRY.
MARKETING PROGRAMS - CREATIVE AND EDITORIAL SERVICES DEVELOPED NEW AND INFORMATIVE MATERIALS TO KEEP MEMBERS AND CONSUMERS KNOWLEDGEABLE OF INDUSTRY AND MARKET TRENDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Basil E Larkin Chairman | OfficerTrustee | 0.5 | $0 |
Jan Heck Director | Trustee | 0.5 | $0 |
Jan Neiges Director | Trustee | 0.5 | $0 |
Ken Roberts Director | Trustee | 0.5 | $0 |
Ken Williams Director | Trustee | 0.5 | $0 |
Kristen Elder Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dgdean Database & Website Consultant | 12/30/22 | $680,439 |
Serfass Construction Co Inc Construction Services | 12/30/22 | $599,037 |
Whitegood Public Relations/digital Marketing/digit | 12/30/22 | $227,342 |
Modenus Media Llc Public Relations | 12/30/22 | $183,917 |
John Burns Real Estate Research Initiatives Consultant | 12/30/22 | $127,753 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,915,677 |
| 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 | $3,915,677 |
| Total Program Service Revenue | $10,330,296 |
| Investment income | $815,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $345,054 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,501,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $124,366 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,505,299 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,862,687 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $752,639 |
| Payroll taxes | $365,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,687 |
| Fees for services: Accounting | $85,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,352,852 |
| Advertising and promotion | $361,386 |
| Office expenses | $852,113 |
| Information technology | $497,653 |
| Royalties | $0 |
| Occupancy | $122,263 |
| Travel | $957,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,160,513 |
| Interest | $115,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $978,317 |
| Insurance | $76,658 |
| All other expenses | $0 |
| Total functional expenses | $13,521,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,364,428 |
| Savings and temporary cash investments | $18,520,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $584,740 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,746 |
| Prepaid expenses and deferred charges | $814,462 |
| Net Land, buildings, and equipment | $2,648,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,834,546 |
| Other assets | $36,250 |
| Total assets | $35,848,270 |
| Accounts payable and accrued expenses | $1,348,167 |
| Grants payable | $0 |
| Deferred revenue | $8,449,476 |
| 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 | $3,411,390 |
| Total liabilities | $13,209,033 |
| Net assets without donor restrictions | $22,639,237 |
| 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 | $35,848,270 |
Grants Awarded
Over the last fiscal year, National Kitchen & Bath Assoc has awarded $71,030 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
NKBA CHICAGO MIDWEST CHAPTER PURPOSE: CHAPTER INITIATIVE GRANTS & PROGRAM FUNDING | $8,445 |
NKBA NORTHERN NEW JERSEY CHAPTER PURPOSE: CHAPTER INITIATIVE GRANTS & PROGRAM FUNDING | $6,035 |
NKBA BALTIMOREWA CHAPTER PURPOSE: CHAPTER INITIATIVE GRANTS & PROGRAM FUNDING | $7,515 |
NKBA NO CALIFORNIA CHAPTER PURPOSE: CHAPTER INITIATIVE GRANTS & PROGRAM FUNDING | $7,055 |
NKBA MINNESOTA CHAPTER PURPOSE: CHAPTER INITIATIVE GRANTS & PROGRAM FUNDING | $6,160 |
NKBA SO CALIFORNIA CHAPTER PURPOSE: CHAPTER INITIATIVE GRANTS & PROGRAM FUNDING | $7,010 |