Textile Rental Services Association Of America Inc
- Assets
- $12.7m
- Revenue
- $5.8m
- Investments
- $223.3k
- Employees
- 21
- Location
- Alexandria, VA
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 36-2036177
Organization Overview
Textile Rental Services Association Of America Inc, operating under the name Trsa, is located in Alexandria, VA. The organization was established in 1945. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Trsa employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trsa 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 12/2021, Trsa generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE THE PROFESSION THROUGH GOVERNMENT ADVOCACY, EDUCATION, AND MARKETING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFICATION PROGRAMS - CLEAN GREEN CERTIFICATION QUANTIFIES REUSABLE TEXTILE SERVICES' COMMITMENT TO SUSTAINABILITY TO TEXTILE SERVICES OPERATORS AND THEIR RESPECTING MARKET SECTORS. HYGIENICALLY CLEAN CERTIFICATIONS QUANTIFIES REUSABLE TEXTILE SERVICES' COMMITMENT TO CLEANLINESS TO TEXTILE SERVICES OPERATORS AND THEIR RESPECTIVE MARKET SECTORS.
TEXTILE SERVICES MAGAZINE - MONTHLY PUBLICATION FEATURING ARTICLES AND ANALYSIS ON TEXTILE RENTAL OPERATIONS, SUCH AS, PLANT OPERATIONS, HUMAN RESOURCES, INFORMATION TECHNOLOGY, TEXTILE MANAGEMENT, MARKETING, FLEET OPERATIONS, INVENTORY CONTROL, FAMILY BUSINESSES, AND STRATEGIC PLANNING.
GOVERNMENT AFFAIRS - TRSA REPRESENTS THE TEXTILE RENTAL INDUSTRY IN WASHINGTON AND IN FRONT OF STATE AND LOCAL GOVERNMENTS WHEN NECESSARY. THE DEPARTMENT ADDRESSED INDUSTRY ISSUES RELATED TO SAFETY, ENVIRONMENTAL PROTECTION, DEPRECIATION, NON-PROFIT COMPETITION, IMMIGRATION, DOT COMPLIANCE AND OTHER GENERAL BUSINESS ISSUES.
E-SERVICES - PARTNERSHIP BETWEEN TRSA AND VARIOUS BUSINESSES WHERE THE BUSINESSES WILL OFFER SPECIAL RATES OR SERVICES TO THE ASSOCIATION AND ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Ricci President & CEO | Officer | 40 | $336,547 |
Thomas Newell Vice President Of Operations | Officer | 40 | $231,715 |
Kevin Schwalb Vice President Of Government Relations | Officer | 40 | $194,150 |
John Morgan Senior Editor | 40 | $109,553 | |
Kenneth Koepper Membership Director | 40 | $101,439 | |
Noel Richardson Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $300,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $256,275 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $556,275 |
| Total Program Service Revenue | $3,933,692 |
| Investment income | $169,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $359,146 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,781,606 |
| 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. | $935,607 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $952,903 |
| Pension plan accruals and contributions | $73,951 |
| Other employee benefits | $184,126 |
| Payroll taxes | $108,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,709 |
| Fees for services: Accounting | $36,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,193 |
| Fees for services: Other | $855,275 |
| Advertising and promotion | $6,760 |
| Office expenses | $428,030 |
| Information technology | $124,562 |
| Royalties | $0 |
| Occupancy | $153,362 |
| Travel | $138,909 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $794,502 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,631 |
| Insurance | $32,905 |
| All other expenses | $59,226 |
| Total functional expenses | $5,686,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,795,598 |
| Savings and temporary cash investments | $66,822 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,648 |
| 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 | $138,156 |
| Net Land, buildings, and equipment | $61,697 |
| Investments—publicly traded securities | $10,263,479 |
| Investments—other securities | $223,301 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,689 |
| Total assets | $12,660,390 |
| Accounts payable and accrued expenses | $250,133 |
| Grants payable | $0 |
| Deferred revenue | $1,743,998 |
| 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 | $76,216 |
| Total liabilities | $2,070,347 |
| Net assets without donor restrictions | $10,590,043 |
| 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 | $12,660,390 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts & Science Council Charlotte Mecklenburg Inc Charlotte, NC | $42,519,495 | $11,600,726 |
Frist Art Museum Nashville, TN | $27,247,403 | $12,277,490 |
Textile Rental Services Association Of America Inc Alexandria, VA | $12,660,390 | $5,781,606 |
Inda Association Of The Non Woven Fabrics Industry Cary, NC | $9,846,018 | $4,859,607 |
Andreas H Bechtler Arts Foundation Charlotte, NC | $39,434,021 | $2,461,495 |
Virginia Museum Of Contemporary Art Virginia Beach, VA | $2,164,198 | $3,254,466 |
The Center For Craft Creativity & Design Inc Asheville, NC | $15,329,103 | $2,386,393 |
Southern Highland Handicraft Guild Inc Asheville, NC | $7,206,278 | $2,199,830 |
Life Pieces To Masterpieces Washington, DC | $694,672 | $1,837,950 |
Mccoll Center For Art & Innovation Charlotte, NC | $14,043,354 | $2,439,387 |
The Bascom Corporation Highlands, NC | $11,572,802 | $1,588,338 |
Friends Of Southwest Virginia Abingdon, VA | $1,122,100 | $1,695,532 |