Builders Hardware Manufacturers Association
- Assets
- $832.9k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1944
- Data as of
- 12/2022
- EIN
- 06-0602255
Organization Overview
Builders Hardware Manufacturers Association is located in New York, NY. The organization was established in 1944. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Builders Hardware Manufacturers 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, Builders Hardware Manufacturers Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 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 PROTECT AND SECURE THE WELFARE, SAFETY AND COMMON GOOD OF THE GENERAL PUBLIC. TO MONITOR SIGNIFICANT ACTIONS BY GOVERNMENTAL AUTHORITIES AND CODE BODIES WHICH MAY IMPACT UPON THE BUILDERS HARDWARE INDUSTRY. TO ENGAGE IN TECHNICAL AND OTHER COOPERATIVE EFFORTS TO IMPROVE INDUSTRY PRODUCTS. TO WORK JOINTLY WITH INDUSTRY LEADERS INVOLVED IN HARDWARE, SECURITY, DOOR AND SAFETY AND CONTINUE LEADING THE INDUSTRY'S PROACTIVE ACTIONS. TO EDUCATE AND PROMOTE THE USE OF PRODUCTS OF THE BUILDERS HARDWARE INDUSTRY INCLUDING ANSI/BHMA STANDARDS AND PRODUCTS THAT HAVE PASSED THIRD PARTY TESTING AS PER THE BHMA CERTIFIED PRODUCT DIRECTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPRING AND FALL MEETINGS HELD TO REVIEW, REVISE, AND DEVELOP INDUSTRY STANDARDS, AS WELL AS VOTE ON OFFICERS AND DIRECTORS.
PROVIDE LEADERSHIP TO MANUFACTURERS OF BUILDERS HARDWARE AND PUBLISH INDUSTRY STANDARDS WHICH ARE MADE AVAILABLE TO NON-MEMBERS, MEMBERS, GOVERNMENT AGENCIES, CONTRACTORS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bloom President | OfficerTrustee | 0 | $0 |
Tim Weller 1st Vice President | OfficerTrustee | 0 | $0 |
Justin Crotzer 2nd Vice President | OfficerTrustee | 0 | $0 |
John Cringole Past President | OfficerTrustee | 0 | $0 |
Mark Mcrae Director | Trustee | 0 | $0 |
Scott James Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $604,053 |
| 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 | $604,053 |
| Total Program Service Revenue | $689,024 |
| Investment income | $1,425 |
| 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 | $1,294,502 |
| 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 | $475,950 |
| Fees for services: Legal | $6,216 |
| Fees for services: Accounting | $16,719 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,078 |
| Office expenses | $25,950 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,000 |
| Travel | $51,682 |
| 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 | $114,286 |
| Insurance | $900 |
| All other expenses | $128,929 |
| Total functional expenses | $1,632,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,074 |
| Savings and temporary cash investments | $581,336 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $26,330 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,128 |
| Other assets | $0 |
| Total assets | $832,868 |
| Accounts payable and accrued expenses | $8,876 |
| Grants payable | $0 |
| Deferred revenue | $7,140 |
| 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 | $16,016 |
| Net assets without donor restrictions | $816,852 |
| 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 | $832,868 |