Association Of Woodworking And Furnishings Suppliers
- Assets
- $9.8m
- Revenue
- $416.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Anaheim, CA
- Founding
- 02/1981
- Data as of
- 12/2022
- EIN
- 95-3539433
Organization Overview
Association Of Woodworking And Furnishings Suppliers, operating under the name Furnishings Suppliers, is located in Anaheim, CA. The organization was established in 1981. 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, Furnishings Suppliers employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Furnishings Suppliers 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, Furnishings Suppliers generated $416.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.7%) each year. All expenses for the organization totaled $694.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.3%) per year over the past 8 years. 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
THE PRIMARY EXEMPT PURPOSE OF THIS ASSOCIATION IS TO FOSTER AND PROMOTE THE GENERAL BUSINESS WELFARE OF THOSE PERSONS, FIRMS AND CORPORATIONS ENGAGED IN ALL PHASES OF THE WOODWORKING AND FURNISHINGS SUPPLY INDUSTRY. TO FOSTER AND ENCOURAGE THE INTRODUCTION OF SOUND BUSINESS PRACTICES AMONG THE MEMBERS OF THE ASSOCIATION AND TO STUDY COMMON INDUSTRY PROBLEMS AND DISSEMINATE REPORTS AND RECOMMENDATIONS BASED UPON SUCH STUDIES. TO ASSIST THROUGH EXHIBITIONS, THE BUSINESS IN THE INDUSTRY. TO BRING TO THE ATTENTION OF THE PROPER GOVERNMENT OFFICIALS BUSINESS AND LABOR LEADERS, HEALTH CARE AND EDUCATIONAL INSTITUTIONS, AND THE PUBLIC IN GENERAL, THE MATTERS AND PROBLEMS AFFECTING OR INVOLVING THE INDUSTRY FOR THE SAFETY & WELLBEING OF THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADE SHOWS - PROVIDES A FORUM FOR OVER 800 EXHIBITORS FROM THE INDUSTRY TO PRESENT THEIR PRODUCTS, SERVICES AND INFORMATION TO 20,000 ATTENDEES FROM THE INDUSTRY & GENERAL PUBLIC.
OTHER CONFERENCES, CONVENTIONS AND MEETINGS - THESE MEETINGS ARE USED TO GATHER, DISCUSS AND DISSEMINATE INFORMATION RELATED TO VARIOUS ISSUES WHICH IMPACT THE INDUSTRY.
L
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angelo Gangone Executive V. | Officer | 40 | $324,088 |
Kimberly Roehricht Employee | 40 | $121,556 | |
Adria Salvatore Employee | 40 | $115,073 | |
Amy Bartz Employee | 40 | $100,296 | |
Bob Brown Tradeshow Ch | Trustee | 2 | $0 |
Phyllis Crystal Director | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $154,463 |
| Investment income | $251,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,526 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $416,605 |
| 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. | $320,993 |
| 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 | $23,043 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,563 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,518 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,103 |
| Travel | $0 |
| 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 | $23,769 |
| Insurance | $50,005 |
| All other expenses | $62,012 |
| Total functional expenses | $694,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $851,127 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,056 |
| 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 | $1,496,724 |
| Net Land, buildings, and equipment | $1,632 |
| Investments—publicly traded securities | $5,329,195 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,076,626 |
| Total assets | $9,757,360 |
| Accounts payable and accrued expenses | $40,624 |
| Grants payable | $0 |
| Deferred revenue | $2,581,141 |
| 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 | $18,976 |
| Total liabilities | $2,640,741 |
| Net assets without donor restrictions | $7,116,619 |
| 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 | $9,757,360 |