National Hardwood Lumber Association

Organization Overview

National Hardwood Lumber Association is located in Memphis, TN. The organization was established in 1943. 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 12/2023, National Hardwood Lumber Association employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Hardwood Lumber 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, National Hardwood Lumber Association generated $4.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. While expenses have increased by 2.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMBER SERVICES ARE PROVIDED THROUGHOUT THE YEAR AND INCLUDE ADVOCACY, NETWORKING AND MARKETING OPPORTUNITIES, PROMOTION OF MEMBER BUSINESSES, CONTINUING EDUCATION PROGRAMS, AND ACCESS TO EXPERT ADVICE AND TRAINING. IN ADDITION, THE ASSOCIATION PROVIDES INSPECTION SERVICES IN ORDER TO ENSURE THERE IS A UNIFORM METHOD OF INSPECTION AND GRADING OF HARDWOODS AND SETTLES DISPUTES IN THE GRADING SYSTEM.


FOREST RESOURCES - PUBLISHES MATERIAL AND HOLDS CONFERENCES ON THE CONDITION OF THE TIMBER RESOURCES AND THE UTILIZATION OF THESE RESOURCES.


EDUCATIONAL SERVICES CONSIST OF SHORT-TERM INSTRUCTIONAL COURSES AND A FULL-TIME TRAINING SCHOOL TO TEACH A UNIFORM METHOD OF GRADING AND INSPECTION SERVICES.


CONVENTION, MEMBERSHIP DIRECTORY AND ANNUAL REPORT - NHLA CONDUCTS AN ANNUAL CONVENTION AND PUBLISHES A MEMBERSHIP DIRECTORY.


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Board, Officers & Key Employees

Name (title)Compensation
Jon Syre
President
$0
Bucky Pescaglia
Vice President
$0
Jeff Wirkkala
Past President
$0
Ed Armbruster
Director
$0
George Bach
Director
$0
Eric Boer
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Timber Products Inspection
Kd Auditing Services
$281,450
Em Printing
Printing Services
$103,350
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,710,344
Fundraising events$0
Related organizations$0
Government grants $52,641
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$1,762,985
Total Program Service Revenue$2,065,032
Investment income $53,653
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,918
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $5,583
Miscellaneous Revenue$0
Total Revenue $4,179,049

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