American Herbal Products Assoc
- Assets
- $1.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Silver Spring, MD
- Founding
- 11/1997
- Data as of
- 12/2022
- EIN
- 87-0391960
Organization Overview
American Herbal Products Assoc is located in Silver Spring, MD. The organization was established in 1997. 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 12/2022, American Herbal Products Assoc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Herbal Products Assoc 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, American Herbal Products Assoc generated $2.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE RESPONSIBLE COMMERCE OF HERBAL PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL PROJECTS - COORDINATE JOINT DEFENSE FOR MEMBERS AND INTERACTIONS WITH FEDERAL AND STATE LEGISLATURES TO BRING AHPA'S EXPERT KNOWLEDGE IN HERBAL PRODUCTS TO HERBAL PRODUCT LABELING ISSUES.
EDUCATIONAL & SEMINARS - PRODUCE EDUCATIONAL EVENTS IN WHICH AHPA IDENTIFIES THE MOST QUALIFIED HERBAL RESOURCES TO ENABLE THE ASSOCIATION TO FURTHER THE KNOWLEDGE OF HERBS.
MEETINGS - TO SERVE ITS MEMBERS BY ACTING AS A LIAISON TO THE GOVERNMENT AND HEIGHTENING PUBLIC AWARENESS OF RESPONSIBLE SALE AND USE OF HERBS AND HERBAL PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anoucha Sanei Trustee | Trustee | 0.3 | $0 |
Troy Smillie Vice Chair | Trustee | 0.3 | $0 |
Mitchell Coven Treasurer | Trustee | 0.3 | $0 |
Edward Fletcher Trustee | Trustee | 0.3 | $0 |
Staci Eisner Trustee | Trustee | 0.3 | $0 |
Cindy Angerhofer Trustee | Trustee | 0.3 | $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 | $308,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $308,800 |
| Total Program Service Revenue | $1,983,388 |
| Investment income | $2,992 |
| 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 | $6,744 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,625,276 |
| 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. | $1,164,931 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $377,689 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $27,160 |
| Other employee benefits | $60,909 |
| Payroll taxes | $109,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,382 |
| Fees for services: Accounting | $93,149 |
| Fees for services: Lobbying | $119,591 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,685 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,117 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $153,181 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,986 |
| Insurance | $34,141 |
| All other expenses | $62,012 |
| Total functional expenses | $2,622,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$968 |
| Savings and temporary cash investments | $1,011,233 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179,949 |
| 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 | $14,008 |
| Net Land, buildings, and equipment | $31,722 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,698 |
| Total assets | $1,275,642 |
| Accounts payable and accrued expenses | $55,299 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $538,041 |
| Total liabilities | $593,340 |
| Net assets without donor restrictions | $667,227 |
| Net assets with donor restrictions | $15,075 |
| 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 | $1,275,642 |