Mid Atlantic Floor Covering Association
- Assets
- $37.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fredericksburg, VA
- Founding
- 12/1972
- Data as of
- 12/2022
- EIN
- 23-7174101
Organization Overview
Mid Atlantic Floor Covering Association is located in Fredericksburg, VA. The organization was established in 1972. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid Atlantic Floor Covering 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 12/2022, Mid Atlantic Floor Covering Association generated $42.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $35.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE EDUCATIONAL AND COMMUNICATION SERVICES TO MEMBERS OF THE TRADE ASSOCIATION AND FLOORING INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Michelle Goshorn Executive Di | 8 | $12,000 | |
Steve Weidner President | 1 | $0 | |
Armani Mahoozi Secretary | 1 | $0 | |
Adam Joss Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,076 |
| Total Program Service Revenue | $23,765 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,825 |
| Other Revenue | $0 |
| Total Revenue | $42,666 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,035 |
| Professional fees and other payments to independent contractors | $13,357 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $686 |
| Other expenses | $8,352 |
| Total expenses | $35,430 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,546 |
| Other assets | $0 |
| Total assets | $37,546 |
| Total liabilities | $395 |
| Net assets or fund balances | $37,151 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mid Atlantic Floor Covering Association has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
World Floor Covering Association 401 K Dalton, GA PURPOSE: PAYMENT FOR SPEAKERS, ETC. | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charlotte Regional Realtor Association Inc Charlotte, NC | $53,438,404 | $12,494,849 |
Real Estate Roundtable Inc Washington, DC | $4,544,529 | $7,445,927 |
North Carolina Association Of Realtors Inc Greensboro, NC | $31,160,587 | $11,391,480 |
The North Carolina Community Action Association Raleigh, NC | $4,811,006 | $8,169,285 |
American Seed Trade Association Alexandria, VA | $7,353,007 | $6,785,185 |
Virginia Association Of Realtors Richmond, VA | $25,601,642 | $9,283,805 |
Raleigh Regional Association Of Realtors Inc Cary, NC | $11,211,879 | $6,674,452 |
Professional Services Council Inc Arlington, VA | $6,239,213 | $6,315,119 |
US Chamber Litigation Center Washington, DC | $0 | $3,618,584 |
Greater Raleigh Chamber Of Commerce Raleigh, NC | $8,171,303 | $6,316,198 |
Sevierville Chamber Of Commerce Inc Sevierville, TN | $2,086,252 | $5,895,528 |
Information Technology Andinnovation Foundation Washington, DC | $12,416,644 | $7,013,255 |