Door & Hardware Institute
- Assets
- $888.8k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/1980
- Data as of
- 12/2022
- EIN
- 54-0985621
Organization Overview
Door & Hardware Institute, operating under the name Dhi, is located in Washington, DC. The organization was established in 1980. 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. Dhi 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 12/2022, Dhi generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 8 years. 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
A PROFESSIONAL ORGANIZATION SERVING AS A RESOURCE FOR EDUCATION ON DOORS AND HARDWARE PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - THE INSTITUTE PROVIDES TECHNICAL TRAINING SESSIONS SEVERAL TIMES A YEAR. THESE COURSES PREPARE PARTICIPANTS TO SIT FOR THE ARCHITECTURAL HARDWARE CONSULTANT, CERTIFIED DOOR CONSULTANT, ELECTRIFIED HARDWARE CONSULTANT, DHIA-DHI ASSOCIATE, DHT DOOR HARDWARE TECHNICIAN, AND DHC DOOR HARDWARE CONSULTANT EXAMS ADMINISTERED BY THE INSTITUTE. THESE PROFESSIONAL DESIGNATIONS ARE RECOGNIZED AS MARKS OF EXCELLENCE THROUGHOUT THE INDUSTRY. DHI AWARDS THESE CREDENTIALS TO INDIVIDUALS WHO HAVE SPENT THE REQUIRED TIME IN THE INDUSTRY AND WHO HAVE PASSED THE CERTIFICATION EXAM.
COMMUNICATIONS/SERVICES - THE INSTITUTE PROVIDES MEMBERS AND NON-MEMBERS WITH VARIOUS PUBLICATIONS, INCLUDING A MONTHLY MAGAZINE AND A MEMBERSHIP DIRECTORY. OTHER MEMBER SERVICES OFFERED INCLUDE BOTH LOCAL CHAPTERS AND CHAPTER RESOURCES, AND SURVEYS DESIGNED TO ADVANCE PROFESSIONALISM IN THE ARCHITECTURAL OPENINGS INDUSTRY, BIMONTHLY COMMUNICATION INDUSTRY WATCH, JOB BOARD, TECHNICAL LITERATURE, AND EDUCATIONAL WEBINARS AND SEMINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Couch President Until June, Then Immediate Past President | OfficerTrustee | 2 | $0 |
David P Sylvester Immediate Past President Until June | OfficerTrustee | 2 | $0 |
David R Beckham President Elect Until June, Then President | OfficerTrustee | 2 | $0 |
Cortney Anderson Wascher 1st VP Until June, Then President-Elect | OfficerTrustee | 2 | $0 |
Lewis Smith 2nd VP Until June, Then 1st VP | OfficerTrustee | 2 | $0 |
Albert C Calhoun Ceo Secretary & Treasurer | OfficerTrustee | 2 | $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 | $2,543,397 |
| Investment income | $10,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $18,812 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,616,656 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,567,104 |
| Fees for services: Legal | $9,258 |
| Fees for services: Accounting | $15,613 |
| Fees for services: Lobbying | $21,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,130 |
| Fees for services: Other | $203,808 |
| Advertising and promotion | $16,494 |
| Office expenses | $255,526 |
| Information technology | $41,008 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $94,417 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $282,179 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131 |
| Insurance | $20,374 |
| All other expenses | $13,793 |
| Total functional expenses | $2,651,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,417 |
| Savings and temporary cash investments | $11,244 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $91,547 |
| 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 | $36,429 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $454,176 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $888,813 |
| Accounts payable and accrued expenses | $288,186 |
| Grants payable | $0 |
| Deferred revenue | $707,596 |
| 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 | $113,971 |
| Total liabilities | $1,109,753 |
| Net assets without donor restrictions | -$220,940 |
| 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 | $888,813 |