National Housewares Manufacturers Association
- Assets
- $30.3m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 39
- Location
- Rosemont, IL
- Founding
- 12/1945
- Data as of
- 09/2023
- EIN
- 36-1239205
Organization Overview
National Housewares Manufacturers Association is located in Rosemont, IL. The organization was established in 1945. 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 09/2023, National Housewares Manufacturers Association employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Housewares 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 09/2023, National Housewares Manufacturers Association generated $15.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $13.1m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 years. 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
IHA OWNS AND OPERATES THE INSPIRED HOME SHOW, THE PREMIER GLOBAL HOME + HOUSEWARES MARKETPLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSPIRED HOME SHOW 2023 (THE 123RD SHOW HOSTED BY IHA) WAS HELD OVER FOUR DAYS IN MARCH. MORE THAN 1,600 EXHIBITORS AND NEARLY 30,000 HOME + HOUSEWARES PROFESSIONALS FROM 125 COUNTRIES CAME TOGETHER TO DISCOVER NEW PRODUCTS, RECONNECT WITH COLLEAGUES AND ADVANCE THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Greenspon Chairman | OfficerTrustee | 0.4 | $0 |
Neal Asbury Vice Chairman | OfficerTrustee | 0.4 | $0 |
Paul Cosaro Treasurer | OfficerTrustee | 0.4 | $0 |
Kim Cole Director | Trustee | 0.4 | $0 |
Glenn Destefano Director | Trustee | 0.4 | $0 |
Scott Felsenthal Director | Trustee | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tom Mirabile Consumer Trend Analysis Services | 9/29/23 | $182,199 |
Maria Piritta Torro Inspired Connec Intl Mktg & Business Development | 9/29/23 | $139,627 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,921,333 |
| Investment income | $700,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$426,916 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,303,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,066 |
| 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. | $1,791,349 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,776,618 |
| Pension plan accruals and contributions | $214,560 |
| Other employee benefits | $274,348 |
| Payroll taxes | $293,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,974 |
| Fees for services: Accounting | $41,732 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,406 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,247,013 |
| Office expenses | $102,845 |
| Information technology | $354,602 |
| Royalties | $0 |
| Occupancy | $461,442 |
| Travel | $165,021 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,371,481 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,041 |
| Insurance | $70,656 |
| All other expenses | $128,594 |
| Total functional expenses | $13,143,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,264,277 |
| Savings and temporary cash investments | $205,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,537 |
| 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 | $354,893 |
| Net Land, buildings, and equipment | $439,066 |
| Investments—publicly traded securities | $22,805,186 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,775,662 |
| Other assets | $413,582 |
| Total assets | $30,316,663 |
| Accounts payable and accrued expenses | $1,048,010 |
| Grants payable | $0 |
| Deferred revenue | $11,668,801 |
| 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 | $4,885,240 |
| Total liabilities | $17,602,051 |
| Net assets without donor restrictions | $12,714,612 |
| 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 | $30,316,663 |