Weda Trade Association
- Assets
- $456.2k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 00/0000
- Data as of
- 06/2022
- EIN
- 43-1339285
Organization Overview
Weda Trade Association is located in Kansas City, MO. The organization was established in 0000. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Weda Trade 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 06/2022, Weda Trade Association generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 69.1% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 38.9% per year over the past 3 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
PROMOTION OF HIGHER BUSINESS STANDARDS AND BETTER BUSINESS METHODS AND ENCOURAGEMENT OF UNIFORMITY AND COOPERATION THROUGH EDUCATIONAL ACTIVITIES AND THROUGH OTHER GROUPS AND TRADE ASSOCIATIONS.MANAGEMENT AND OPERATION OF EDUCATIONAL PUBILCATIONS INTENDED TO BENEFIT THE INTERESTS OF THE RETAIL HARDWARE AND FARM EQUIPMENT INDUSTRY. SPONSORSHIP AND OPERATION OF TRADE SHOWS. COLLECTION OF DUES TO BE USED IN THE FUTHERANCE OF SPECIFIED GOALS OF THE ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL TRADE SHOW FOR BENEFIT OF MEMBER RETAIL IMPLEMENT AND HARDWARE DEALERS.
ANNUAL TRADE SHOW FOR BENEFIT OF MEMBER RETAIL IMPLEMENT AND HARDWARE DEALERS.
MEMBER EDUCATION THROUGH TRAINING COURSES AND PRINTED MATERIALS FUNDED THROUGH MEMBER DUES.
MEMBER EDUCATION THROUGH TRAINING COURSES AND PRINTED MATERIALS FUNDED THROUGH MEMBER DUES.
MANAGEMENT OF INVESTMENTS
MANAGEMENT OF INVESTMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Pawlowski Director | Trustee | 1 | $0 |
Ken Wagner President | Trustee | 1 | $0 |
Landis Stankievech Director | Trustee | 1 | $0 |
Byndon Meinhardt Director | Trustee | 1 | $0 |
Arthur Ward Director | Trustee | 1 | $0 |
John P Schmeiser Director & CEO | Trustee | 25 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,112 |
| Investment income | $30,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,091,789 |
| Statement of Expenses | |
|---|---|
| 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. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,757 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $44,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,819 |
| All other expenses | $0 |
| Total functional expenses | $1,123,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,635 |
| 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 | $15,359 |
| Investments—publicly traded securities | $249,217 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $456,211 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $91,235 |
| 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 | $91,235 |
| Net assets without donor restrictions | $364,976 |
| 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 |
| Total liabilities and net assets/fund balances | $364,976 |