National Wood Flooring Association
- Assets
- $5.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 23
- Location
- St Charles, MO
- Founding
- 01/1987
- Data as of
- 12/2023
- EIN
- 62-1289602
Organization Overview
National Wood Flooring Association is located in St Charles, MO. The organization was established in 1987. 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, National Wood Flooring Association employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Wood Flooring 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, National Wood Flooring Association generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $3.5m 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
TO UNIFY AND STRENGTHEN THE WOOD FLOORING COMMUNITY THROUGH TECHNICAL STANDARDS, EDUCATION, NETWORKING AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNIFY AND STRENGTHEN THE WOOD FLOORING COMMUNITY THROUGH TECHNICAL STANDARDS, EDUCATION, NETWORKING AND ADVOCACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Russell Chairman | OfficerTrustee | 1 | $0 |
Raymond Mancini Treasurer | OfficerTrustee | 1 | $0 |
Steve Brattin Vice Chair | OfficerTrustee | 1 | $0 |
Kevin Murphy Secretary | OfficerTrustee | 1 | $0 |
Craig Dupra Immediate Past Chair | OfficerTrustee | 0 | $0 |
Barbara Titus Director | Trustee | 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 | $160,177 |
| Noncash contributions included in lines 1a–1f | $160,177 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,177 |
| Total Program Service Revenue | $2,647,088 |
| Investment income | $44,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,136,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,790 |
| 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. | $522,584 |
| Compensation of current officers, directors, key employees. | $287,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $705,739 |
| Pension plan accruals and contributions | $26,922 |
| Other employee benefits | $320,665 |
| Payroll taxes | $70,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,772 |
| Fees for services: Accounting | $21,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,472 |
| Advertising and promotion | $170,329 |
| Office expenses | $192,871 |
| Information technology | $18,670 |
| Royalties | $0 |
| Occupancy | $200,383 |
| Travel | $161,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $517,706 |
| Interest | $93,453 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,771 |
| Insurance | $66,520 |
| All other expenses | $72,161 |
| Total functional expenses | $3,536,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $538,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,805 |
| 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 | $217,283 |
| Net Land, buildings, and equipment | $2,536,600 |
| Investments—publicly traded securities | $1,968,647 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,956 |
| Total assets | $5,370,019 |
| Accounts payable and accrued expenses | $278,778 |
| Grants payable | $0 |
| Deferred revenue | $1,487,665 |
| 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 | $1,825,526 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,805 |
| Total liabilities | $3,711,774 |
| Net assets without donor restrictions | $1,658,245 |
| 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 | $5,370,019 |
Grants Awarded
Over the last fiscal year, National Wood Flooring Association has awarded $5,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE HARDWOOD FEDERATION PURPOSE: GENERAL SUPPORT | $5,000 |