National Wood Flooring Association
- Assets
- $4.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 20
- Location
- Chesterfield, MO
- Founding
- 01/1987
- Data as of
- 12/2021
- EIN
- 62-1289602
Organization Overview
National Wood Flooring Association is located in Chesterfield, 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 12/2021, National Wood Flooring Association employed 20 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 12/2021, National Wood Flooring Association generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, National Wood Flooring Association has awarded 11 individual grants totaling $310,830. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 |
|---|---|---|---|
Michael Martin President & CEO | Officer | 32 | $264,534 |
Anita Howard COO | Officer | 28 | $142,800 |
Brett Miller VP Of Technical Standards, | 18 | $142,219 | |
Libby Johnston Publisher & P Of Media | 40 | $123,536 | |
Stephanie Owen VP Education | 20 | $119,500 | |
Craig Dupra Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $273,021 |
| 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 | $273,021 |
| Total Program Service Revenue | $2,000,689 |
| Investment income | $45,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,494 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $437,461 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,055,230 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,711 |
| 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. | $299,584 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,631 |
| Pension plan accruals and contributions | $46,476 |
| Other employee benefits | $165,270 |
| Payroll taxes | $58,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,244 |
| Fees for services: Accounting | $32,706 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,837 |
| Fees for services: Other | $0 |
| Advertising and promotion | $65,197 |
| Office expenses | $84,305 |
| Information technology | $115,542 |
| Royalties | $0 |
| Occupancy | $227,247 |
| Travel | $81,789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $319,189 |
| Interest | $10,531 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,374 |
| Insurance | $45,741 |
| All other expenses | $11,691 |
| Total functional expenses | $2,218,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,566,335 |
| Savings and temporary cash investments | $78,876 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,900 |
| Prepaid expenses and deferred charges | $198,133 |
| Net Land, buildings, and equipment | $106,041 |
| Investments—publicly traded securities | $2,016,951 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $910,679 |
| Total assets | $4,896,290 |
| Accounts payable and accrued expenses | $267,498 |
| Grants payable | $0 |
| Deferred revenue | $1,577,087 |
| 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 | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $137,348 |
| Total liabilities | $2,131,833 |
| Net assets without donor restrictions | $2,764,457 |
| 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 | $4,896,290 |
Grants Awarded
Over the last fiscal year, National Wood Flooring Association has awarded $10,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $5,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Appraisal Institute Chicago, IL | $29,125,581 | $19,187,200 |
American Massage Therapy Assn Evanston, IL | $43,659,958 | $20,082,192 |
National Roofing Contractors Association Rosemont, IL | $27,483,299 | $17,802,756 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |
American Marketing Association Inc Chicago, IL | $9,741,723 | $15,191,106 |
Alliance For Audited Media Lisle, IL | $17,794,762 | $11,739,341 |
American Society Of Safety Professionals Park Ridge, IL | $23,941,077 | $16,437,200 |
Prestressed Concrete Institute Chicago, IL | $8,854,978 | $13,790,264 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |