Cookware Manufacturers Association
- Assets
- $404.7k
- Revenue
- $340.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bradley Beach, NJ
- Founding
- 10/1942
- Data as of
- 12/2023
- EIN
- 25-6034395
Organization Overview
Cookware Manufacturers Association is located in Bradley Beach, NJ. The organization was established in 1942. 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. This organization is the central organization for a national or regional group of organizations. Cookware Manufacturers 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 12/2023, Cookware Manufacturers Association generated $340.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $352.8k during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE COOKWARE AND BAKEWARE ALLIANCE'S MISSION IS TO PROMOTE THE COOKWARE AND BAKEWARE INDUSTRY AND HELP MEMBER ORGANIZATIONS BE SUCCESSFUL THROUGH: -DEVELOPING TECHNICAL STANDARDS THAT SUPPORT QUALITY AND CONSUMER SAFETY, -PROVIDING EXPOSURE TO THE LATEST INDUSTRY ADVANCES AND INNOVATIONS, MARKET SHIFTS AND MARKET INFORMATION, -CREATING A PASSION FOR COLLEGIAL RELATIONSHIPS AND NETWORKING AMONG OUR MEMBERS, AND -CREATING AWARENESS OF COOKWARE AND BAKEWARE ALLIANCE AS A CONSUMER RESOURCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL MEETING OF THE ALLIANCE PRESENTS PROGRAMS OF EDUCATION AND INFORMATION REGARDING CONSUMER TRENDS, INDUSTRY BEST-PRACTICES FOR MANUFACTURING, ECONOMIC FORECASTS AND OUTLOOKS, COMMODITY PRICE TRENDS AND ESTIMATES OF TOTAL MARKET DEMAND.
THE FALL MEETING OF THE ALLIANCE PRESENTS PROGRAMS OF AN EDUCATIONAL NATURE TO INDUSTRY ATTENDEES DESCRIBING TRENDS IN THE INDUSTRY, CHANGES IN CONSUMER DEMAND AND IMPROVEMENTS IN MATERIALS AND METHODS OF MANUFACTURING. THE STANDING COMMITTEES OF THE ALLIANCE ALSO MEET DURING THIS MEETING TO DISCUSS EMPLOYEE RELATIONS, ENGINEERING STANDARDS, AND STATISTICAL PROGRAMS OFFERED BY THE ALLIANCE.
THE ALLIANCE'S PUBLIC RELATIONS PROGRAM CONSISTS OF INFORMATIONAL WEBPAGES, THE PUBLICATION AND PERIODIC UPDATING OF THE ALLIANCE'S GUIDE TO COOKWARE FOR RETAIL BUYERS AND CONSUMERS, PUBLICIZING THE ALLIANCE'S ENGINEERING STANDARDS FOR COOKWARE AND BAKEWARE AS WELL AS A BLOG FOR CONSUMERS AND PRESS RELEASES REGARDING INDUSTRY NEWS TO MEDIA OUTLETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Reigle President | OfficerTrustee | 0.5 | $0 |
Phil Barberi Director | Trustee | 0.25 | $0 |
Gene Karlson Director | Trustee | 0.25 | $0 |
Mike Otterman Vice Preside | OfficerTrustee | 0.25 | $0 |
Chris Bauman Director | Trustee | 0.25 | $0 |
Mark Eichhorn Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $298,975 |
| 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 | $298,975 |
| Total Program Service Revenue | $51,958 |
| Investment income | $8,808 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,937 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $340,804 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $196,570 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $7,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,130 |
| Fees for services: Other | $18,703 |
| Advertising and promotion | $0 |
| Office expenses | $7,813 |
| Information technology | $1,285 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105,473 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,351 |
| All other expenses | $0 |
| Total functional expenses | $352,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,793 |
| Savings and temporary cash investments | $43,373 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $345,608 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,900 |
| Total assets | $404,674 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $404,674 |
| 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 | $404,674 |