American Herbal Products Assoc
- Assets
- $1.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Silver Spring, MD
- Founding
- 11/1997
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, American Herbal Products Assoc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 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
2021
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 |
|---|---|---|---|
Michael Mcguffin President | Officer | 40 | $390,883 |
Holly Johnson Chief Science Officer | 40 | $203,283 | |
Jane Wilson Director Of Program Develo | 40 | $165,981 | |
Rupa Das Trustee | Trustee | 0.3 | $0 |
Daniel Gagnon Trustee | Trustee | 0.3 | $0 |
Bethany Davis 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 | $149,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,500 |
| Total Program Service Revenue | $2,110,292 |
| Investment income | $487 |
| 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 | -$783 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,587,096 |
| 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 | $951,524 |
| Other salaries and wages | $431,413 |
| Pension plan accruals and contributions | $20,111 |
| Other employee benefits | $94,006 |
| Payroll taxes | $94,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,809 |
| Fees for services: Accounting | $22,043 |
| Fees for services: Lobbying | $136,104 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,857 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,697 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,305 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,873 |
| Insurance | $23,587 |
| All other expenses | $66,668 |
| Total functional expenses | $2,480,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,899 |
| Savings and temporary cash investments | $1,017,726 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,317 |
| 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 | $22,310 |
| Net Land, buildings, and equipment | $12,358 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,601 |
| Total assets | $1,426,211 |
| Accounts payable and accrued expenses | $49,141 |
| 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 | $688,109 |
| Total liabilities | $737,250 |
| Net assets without donor restrictions | $620,597 |
| Net assets with donor restrictions | $68,364 |
| 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 | $1,426,211 |
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