Decorative Hardwoods Association
- Assets
- $5.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Sterling, VA
- Founding
- 09/1942
- Data as of
- 12/2023
- EIN
- 54-0646824
Organization Overview
Decorative Hardwoods Association is located in Sterling, VA. The organization was established in 1942. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decorative Hardwoods 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, Decorative Hardwoods Association generated $2.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 3.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SUPPORT THE USE OF HIGH QUALITY ENVIRONMENTALLY SOUND DECORATIVE WOOD PRODUCTS MANUFACTURED IN NORTH AMERICA
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABORATORY: CERTIFICATION AND TESTING - THE HPVA LABORATORY IS ACCREDITED BY THE INTERNATIONAL ACCREDITATION SERVICE (IAS REPORT TL 224) FOR COMPLIANCE WITH ISO/IEC STANDARD 17025, GENERAL CRITERIA FOR THE COMPETENCE OF TESTING AND CALIBRATION LABORATORIES, RECOGNIZED BY THE INTERNATIONAL CODE COUNCILS FOR FIRE TESTING OF THE INTERNATIONAL BUILDING CODE, AND THE STATE OF CALIFORNIA AS A THIRD PARTY CERTIFICATION ORGANIZATION FOR FORMALDEHYDE PRODUCT TESTING. SERVICES INCLUDE ISO/IEC GUIDE 65 AND CARB TPC-8 PRODUCT CERTIFICATION, FIRE TESTING, FORMALDEHYDE TESTING, AND PRODUCT PROPERTY TESTING. THESE PROGRAMS SERVE OVER 100 MEMBERS AND CLIENTS.
ADVOCACY - A NATIONAL CONSENSUS STANDARD SETTING AGENCY UNDER THE AMERICAN NATIONAL STANDARDS INSTITUTE, REVISIONS TO TWO NATIONAL CONSENSUS STANDARDS FOR HARDWOOD, PLYWOOD AND ENGINEERED WOOD FLOORING HAVE BEEN UNDERTAKEN WITH TECHNICAL AND ECONOMIC INFORMATION MADE AVAILABE TO PUBLIC AGENCIES AND THE MEDIA UPON REQUEST.
MARKETING - PRODUCE AND PUBLISH PUBLICATION ON MEMBERS PRINCIPAL PRODUCTS, DATA SHEETS, AND TECHNICAL BRIEFS, AND OTHER TECHNICAL INFORMATION. PRODUCT PROMOTION ENCOMPASSES BOTH DOMESTIC AND EXPORT MARKETS FOR THE THREE MANUFACTURING DIVISIONS COMPRISING HPVA WHICH ARE HARDWOOD, PLYWOOD ENGINEERED FLOORING, AND VENEER.
MEETING - THESE FUNCTIONS OFFER OUR MEMBERS A FORUM IN WHICH TO DISPLAY THEIR PRODUCT LINES, DISCUSS CURRENT EVENTS RELATED TO THE INDUSTRY, AND SIT IN ON SEMINARS RUN BY FIELD EXPERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Evans Vice Chairman Of The Board | Trustee | 1 | $0 |
Rocky Boucher Chairman Of The Board | Trustee | 1 | $0 |
Kelly Robertson Immediate Past Chairman Of The Board | Trustee | 1 | $0 |
Terry Evans Vice President | OfficerTrustee | 1 | $0 |
Ken Ellington Vice President | OfficerTrustee | 1 | $0 |
Vijay Reddy Vice President | OfficerTrustee | 1 | $0 |
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 | $2,352,558 |
| Investment income | $2,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,449 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,353,833 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $811,001 |
| Pension plan accruals and contributions | $42,944 |
| Other employee benefits | $103,670 |
| Payroll taxes | $62,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,022 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,334 |
| Interest | $4,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,245 |
| Insurance | $31,502 |
| All other expenses | $240,008 |
| Total functional expenses | $2,134,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,352 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $305,375 |
| 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 | $18,343 |
| Net Land, buildings, and equipment | $4,965,291 |
| Investments—publicly traded securities | $300,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,037 |
| Total assets | $5,853,398 |
| Accounts payable and accrued expenses | $104,743 |
| Grants payable | $0 |
| Deferred revenue | $50,269 |
| 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 | $155,012 |
| Net assets without donor restrictions | $5,698,386 |
| 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 | $5,853,398 |