National Barrel And Drum Assoc Inc
- Assets
- $529.9k
- Revenue
- $937.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Annapolis, MD
- Founding
- 10/1945
- Data as of
- 12/2023
- EIN
- 53-0191381
Organization Overview
National Barrel And Drum Assoc Inc, operating under the name Reusable Industrial Packaging, is located in Annapolis, MD. 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 12/2023, Reusable Industrial Packaging employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reusable Industrial Packaging 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, Reusable Industrial Packaging generated $937.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. 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 ASSOCIATION IS PRIMARILY ENGAGED IN EDUCATING AND INFORMING MEMBERS ON STATE, FEDERAL, AND INTERNATIONAL LAWS AND REGULATIONS, AND ADVANCING THE COMMON WELFARE OF THE INDUSTRIAL PACKAGING INDUSTRY BEFORE CONGRESS AND GOVERNMENT AGENCIES. FURTHERMORE, THE ASSOCIATION IS ACTIVELY ENGAGED IN EDUCATING AND INFORMING MEMBERS OF TECHNICAL, PRODUCT, AND COMMERCE ADVANCEMENTS AND UPDATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION - THE ASSOCIATION HOLDS AN ANNUAL CONFERENCE EACH YEAR IN A DIFFERENT LOCATION IN THE U.S. THE CONFERENCE INCLUDES A BOARD OF DIRECTORS MEETING AND THE ANNUAL MEMBERSHIP MEETING, IN ACCORDANCE WITH STATUTORY AND BY-LAWS REQUIREMENTS. APPROXIMATELY 120 ASSOCIATION MEMBERS ATTEND THE MEETING.
CROSS BOTTLE IBC (INTERMEDIATE BULK CONTAINERS) TESTING - THE ASSOCIATION FACILITATES DESIGN TYPE TESTS CONDUCTED BY COMMERCIAL LABS THAT QUALIFY A PACKAGING DESIGN FOR USE IN TRANSPORTING HAZARDOUS MATERIALS. THE TESTING IS REQUIRED ANNUALLY BY U.S. HAZMAT REGULATORS AT THE DEPARTMENT OF TRANSPORTATION.
SPRING TECHNICAL CONFERENCE - EACH SPRING THE ASSOCIATION SPONSORS A TECHNICAL MEETING WHICH DRAWS ABOUT 100 MEMBERS. THE MEETING FOCUSES ON TECHNICAL AND BUSINESS DEVELOPMENTS, AND GENERALLY INCLUDES A PLANT TOUR.
MSDS PROGRAM - U.S. REGULATIONS REQUIRE EMPLOYERS TO PROVIDE EMPLOYEES WITH ACCESS TO "MATERIAL SAFETY DATA SHEETS" (MSDS) WHICH CONTAIN SAFETY AND EMERGENCY AID INFORMATION ON HAZARDOUS SUBSTANCES ENCOUNTERED IN THE WORKPLACE. FOR THE CONVENIENCE OF ITS MEMBERS, FOR A FEE THAT COVERS ONLY ACTUAL COSTS, THE ORGANIZATION PROVIDES MEMBERS WITH ACCESS TO A GLOBAL COMPUTERIZED LIST OF MSDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Evoy Jr Director | Trustee | 0 | $0 |
Noah Flom Director | Trustee | 0 | $0 |
David Levine Director | Trustee | 0 | $0 |
Mike Chorpash Director | Trustee | 0 | $0 |
Phil Dworsky Director | Trustee | 0 | $0 |
John Smyth Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $757,163 |
| 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 | $757,163 |
| Total Program Service Revenue | $171,043 |
| Investment income | $313 |
| 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 | $937,133 |
| 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. | $328,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $24,680 |
| Other employee benefits | $59,435 |
| Payroll taxes | $26,729 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,506 |
| Fees for services: Accounting | $17,714 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,695 |
| Advertising and promotion | $0 |
| Office expenses | $5,908 |
| Information technology | $3,391 |
| Royalties | $0 |
| Occupancy | $8,429 |
| Travel | $17,915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $148,519 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,544 |
| All other expenses | $60,627 |
| Total functional expenses | $1,007,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,684 |
| Savings and temporary cash investments | $401,052 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$26,480 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,131 |
| Prepaid expenses and deferred charges | $21,078 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,435 |
| Total assets | $529,900 |
| Accounts payable and accrued expenses | $3,392 |
| Grants payable | $0 |
| Deferred revenue | $24,885 |
| 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 | $18,522 |
| Total liabilities | $46,799 |
| Net assets without donor restrictions | $473,714 |
| Net assets with donor restrictions | $9,387 |
| 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 | $529,900 |