International Staple Nail And Tool Association
- Assets
- $797.3k
- Revenue
- $622.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1976
- Data as of
- 12/2022
- EIN
- 95-2774099
Organization Overview
International Staple Nail And Tool Association is located in Chicago, IL. The organization was established in 1976. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Staple Nail And Tool 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 12/2022, International Staple Nail And Tool Association generated $622.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $511.5k during the year ending 12/2022. While expenses have increased by 4.4% per year over the past 4 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
REPRESENT POWER FASTENING INDUSTRY (NAILS, STAPLES, AND TOOLS THAT DRIVE THEM). SPONSOR A SAFETY STANDARD ON POWER TOOLS & DEVELOP & DISTRIBUTE SAFETY TRAINING MAT'LS FOR USERS. ACTIVE IN DEVELOPMENT AND MAINTENANCE OF FASTENER TECH STANDARDS AND FASTENING SCHEDULES, AS FOR BUILDING CODES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AN EVALUATION REPORT WITH AN ACCREDITED EVALUATION SERVICE FOR FASTENERS USED IN BUILDING CONSTRUCTION. THE REPORT ENABLES BUILDERS, DESIGNERS, STUCTURAL ENGINEERS, ARCHITECTS AND OTHER DESIGN PROFESSIONALS TO DESIGN AND BUILD WITH FASTENERS THAT ARE NOT LISTED IN BUILDING CODES, BUT HAVE BEEN EVALUATED FOR CONFORMANCE WITH BUILDING CODE REQUIREMENTS. EVALUATION CONSISTS OF REVIEW OF PRODUCT TESTING BY INDEPENDENT LABORATORY, AND REVIEW OF A QUALITY CONTROL SYSTEM FOR FUTURE PRODUCTION.
TOOL SAFETY. INDUSTRY PARTICIPATION WITH THE SAFETY COMMUNITY, REGULATORS AND STANDARD DEVELOPING ORGANIZATIONS TO IMPROVE SAFE USE OF POWER FASTENING TOOLS. INCLUDES MAINTENANCE OF SAFETY STANDARDS ON DESIGN, CONSTRUCTION, INSTALLATION, USE AND MAINTENANCE OF TOOLS. INCLUDES DEVELOPMENT AND DISTRIBUTION OF TRAINING MATERIALS FOR USERS AND SAFETY TRAINERS. INCLUDES DEVELOPMENT OF REGULATIONS TO PROMOTE SAFE WORKPLACES AND SAFE TOOL USE. INCLUDES DEVELOPMENT AND MAINTENANCE OF SAFETY STANDARDS ON PRODUCT WARNING LABELS AND SAFETY-RELATED WARNINGS, INSTRUCTONS AND MESSAGES.
ANNUAL MEETING. MEETING PROVIDES AN OPPORTUNITY FOR MEMBERS TO DISCUSS DEVELOPMENT, MAINTENANCE AND TRENDS OF STANDARDS, CODES AND PRACTICES, COVERING SAFETY AND PRODUCT PERFORMANCE AND USAGE IN THE MANY INDUSTRIES USING NAILS AND STAPLES. ALLOWS DEVELOPMENT OF INDUSTRY RESPONSE TO EXISTING AND ANTICIPATED ISSUES AND OPPORTUNITIES. ALLOWS DISCUSSION OF BUSINESS CONDITIONS AND TRENDS AFFECTING FASTENER AND FASTENER DRIVING TOOL INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Thompson Chair | OfficerTrustee | 1 | $0 |
Paul Redwood Treasurer | OfficerTrustee | 1 | $0 |
Steve Moore Vice Chair | OfficerTrustee | 1 | $0 |
David Shumate Director | Trustee | 1 | $0 |
David Bertoni Director | Trustee | 1 | $0 |
Jason Kennedy Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Management Center Management | 12/30/22 | $305,000 |
Association Management Center Tech, Web,pub Prepress | 12/30/22 | $34,901 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $621,744 |
| Investment income | $969 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $622,713 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $305,000 |
| Fees for services: Legal | $13,313 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,083 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,797 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,335 |
| All other expenses | $4,143 |
| Total functional expenses | $511,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $625,608 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,283 |
| 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 | $156,456 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $797,347 |
| Accounts payable and accrued expenses | $3,563 |
| Grants payable | $0 |
| Deferred revenue | $5,490 |
| 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 | $9,053 |
| Net assets without donor restrictions | $788,294 |
| 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 | $797,347 |