International Wood Products Association
- Assets
- $1.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Alexandria, VA
- Founding
- 12/1982
- Data as of
- 12/2023
- EIN
- 94-1371133
Organization Overview
International Wood Products Association is located in Alexandria, VA. The organization was established in 1982. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, International Wood Products Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Wood Products 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, International Wood Products Association generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND DISSEMINATE INFORMATION RELATIVE TO THE INTERNATIONAL WOOD PRODUCTS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION HOLDS AN ANNUAL CONVENTION WHICH IS THE INDUSTRY'S LARGEST GATHERING DEDICATED TO THE ADVANCEMENT AND GROWTH OF THE INTERNATIONAL WOOD PRODUCTS INDUSTRY. THE CONVENTION PROVIDES AN OPPORTUNITY FOR ASSOCIATION MEMBERS AND OTHER INDUSTRY PROFESSIONALS TO ATTEND EDUCATIONAL SESSIONS FOCUSING ON RECENT DEVELOPMENTS IMPACTING THE INDUSTRY AS WELL AS BUSINESS AND FINANCIAL TOPICS. THE EDUCATIONAL SESSIONS WERE LED BY EXPERTS FROM GOVERNMENT, ECONOMICS AND FINANCIAL PROFESSIONALS, AS WELL AS INDIVIDUALS FROM WITHIN THE INTERNATIONAL WOOD PRODUCTS INDUSTRY. THIS YEAR 77 INDIVIDUALS ATTENDED A VIRTUAL CONVENTION AND PARTICIPATED IN EDUCATIONAL SESSIONS HELD OVER AN ONLINE PLATFORM.
THE ASSOCIATION HOLDS COURSES THROUGHOUT THE YEAR TO PROVIDE ATTENDEES WITH A COMPREHENSIVE ANALYSIS OF THE REQUIREMENTS OF THE LACEY ACT AND OTHER LAWS RELEVANT TO TRADE IN WOOD PRODUCTS. THE COURSES COVERS COMPLIANCE CHALLENGES, STRATEGIES AND RESOURCES TO SUCCESSFULLY MEET THOSE REQUIREMENTS, AND COLLABORATIVE ACTIVITIES TO STIMULATE DIALOGUE AMONG COURSE PARTICIPANTS. THE COURSES ARM THOSE BUYING AND SELLING WOOD PRODUCTS WITH THE LATEST INFORMATION ABOUT RESOURCES AND PROCEDURES THAT WILL ALLOW THEM TO TAILOR A COMPLIANCE SYSTEM TO THEIR COMPANY'S MARKET NICHE. THE COURSE IS FOR CEOS, CFOS, BUYERS, COMPLIANCE STAFF, CUSTOMS SPECIALISTS, SALES STAFF, OVERSEAS PRODUCERS AND EXPORTERS INVOLVED IN THE WOOD TRADE.
THE ASSOCIATION IS ALSO HEAVILY INVOLVED IN COMMUNICATION OF INDUSTRY NEWS, LEGAL UPDATES, AND MEMBER INFORMATION. THE ASSOCIATION HAS A DIRECTORY OF ALL MEMBERS POSTED ON ITS WEBSITE WITH THE INTENT TO FOSTER NETWORKING AND BUSINESS GROWTH WITHIN THE INDUSTRY THROUGH MEMBER CONNECTION. THE ASSOCIATION PRODUCES A YEARLY PUBLICATION, INTERNATIONAL WOOD MAGAZINE, THAT INCLUDES ARTICLES RELEVANT TO THE CURRENT LANDSCAPE OF THE INDUSTRY AND PROVIDES OTHER USEFUL TIPS AND INFORMATION TO HELP EXPAND ITS MEMBERS' BUSINESSES. THE ASSOCIATION WILL ALSO PUBLISH NEWSLETTERS AND ARTICLES THROUGHOUT THE YEAR TO KEEP ITS MEMBERS ABREAST OF THE LATEST NEWS AND GOVERNMENTAL UPDATES RELEVANT TO THE INDUSTRY.
THE CURE PROGRAM: CURE WAS ESTABLISHED FOR THE PURPOSE OF MAKING AN INDUSTRY STATEMENT WHICH MAKES A COMMITMENT TO SUPPORT WORLD FOREST CONSERVATION AND REFORESTATION. ITS NUMBER ONE PRIORITY HAS BEEN TO ENSURE THAT POLICY MAKERS AND CUSTOMERS WITHIN THE INDUSTRY UNDERSTAND THE POSITIVE ROLE COMMERCIAL FORESTRY HAS IN HELPING TO PRESERVE THE FUTURE OF THE WORLD'S FORESTS. FUNDS FROM THE CURE PROGRAM ARE OFTEN SPENT ON EDUCATION ABOUT INTERNATIONAL WOOD PRODUCTION AND TROPICAL REFORESTATION AND TO SUPPORT THE MARKET FOR GLOBALLY SOURCED WOOD PRODUCTS FROM SUSTAINABLY MANAGED FORESTS. THIS PROGRAM HAS NOT ONLY CHANGED PERSPECTIVES ABOUT REFORESTATION IN THE INTERNATIONAL ENVIRONMENTAL COMMUNITIES BUT HAS ALSO SERVED AS A SOURCE OF BENEFIT AND PRIDE FOR THE ASSOCIATION AND INDUSTRY AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Mcilvain President | OfficerTrustee | 2 | $0 |
Colin Miller Vice President | OfficerTrustee | 2 | $0 |
Bryan Courtney Treasurer | OfficerTrustee | 2 | $0 |
Joann Gillebaard Keller Past President | OfficerTrustee | 2 | $0 |
Hugh Reitz Director | Trustee | 2 | $0 |
Elizabeth Baldwin Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,422 |
| 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 | $4,422 |
| Total Program Service Revenue | $1,039,709 |
| Investment income | $31,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,092 |
| Net Gain/Loss on Asset Sales | $6,368 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,121,469 |
| 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. | $254,658 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,039 |
| Pension plan accruals and contributions | $8,703 |
| Other employee benefits | $15,358 |
| Payroll taxes | $27,043 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,098 |
| Fees for services: Accounting | $44,993 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,014 |
| Advertising and promotion | $0 |
| Office expenses | $16,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122,063 |
| Interest | $153 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,505 |
| Insurance | $7,530 |
| All other expenses | $50,553 |
| Total functional expenses | $1,130,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,041 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,921 |
| 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 | $14,428 |
| Net Land, buildings, and equipment | $275,586 |
| Investments—publicly traded securities | $1,125,217 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,836,193 |
| Accounts payable and accrued expenses | $56,664 |
| Grants payable | $0 |
| Deferred revenue | $318,757 |
| 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 | $0 |
| Total liabilities | $375,421 |
| Net assets without donor restrictions | $1,460,772 |
| 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 | $1,836,193 |