Indiana Hardwood Lumbermens Association
- Assets
- $1.8m
- Revenue
- $889.9k
- Investments
- $480.9k
- Employees
- 4
- Location
- Fishers, IN
- Founding
- 08/1983
- Data as of
- 12/2022
- EIN
- 23-7236098
Organization Overview
Indiana Hardwood Lumbermens Association is located in Fishers, IN. The organization was established in 1983. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Indiana Hardwood Lumbermens Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Hardwood Lumbermens 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, Indiana Hardwood Lumbermens Association generated $889.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $778.2k during the year ending 12/2022. While expenses have increased by 2.4% 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
TO PROMOTE THE EDUCATION, MANAGEMENT, AND UTILIZATION OF TIMBER RESOURCES THROUGHOUT INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES OFFERED TO MEMBERS OF THE ASSOCIATION INCLUDE ANNUAL CONVENTION, EDUCATIONAL SEMINARS, NEWSLETTERS AND A MEMBERSHIP DIRECTORY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronda Derleth Past President Rep | Trustee | 0.5 | $0 |
Rick Zorman Financial Chairman | OfficerTrustee | 0.5 | $0 |
Tom Derleth Director | Trustee | 0.5 | $0 |
Gordon Miller Director | Trustee | 0.5 | $0 |
Mike Seidl Director | Trustee | 0.5 | $0 |
Sam Smith Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $176,510 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,760 |
| Total Program Service Revenue | $355,552 |
| Investment income | $27,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $219,686 |
| Net Income from Fundraising Events | $9,731 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $889,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,200 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,637 |
| Pension plan accruals and contributions | $5,908 |
| Other employee benefits | $24,872 |
| Payroll taxes | $18,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,233 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,000 |
| Advertising and promotion | $0 |
| Office expenses | $15,540 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $148,528 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,456 |
| Insurance | $14,444 |
| All other expenses | $64,574 |
| Total functional expenses | $778,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $930,428 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $7,548 |
| Net Land, buildings, and equipment | $394,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $480,880 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,813,249 |
| Accounts payable and accrued expenses | $1,000 |
| 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 | $410,746 |
| Total liabilities | $411,746 |
| Net assets without donor restrictions | $1,314,949 |
| Net assets with donor restrictions | $86,554 |
| 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 | $1,813,249 |