National Art Materials Trade Association
- Assets
- $1.2m
- Revenue
- $689.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Huntersville, NC
- Founding
- 09/1984
- Data as of
- 12/2021
- EIN
- 11-6015643
Organization Overview
National Art Materials Trade Association is located in Huntersville, NC. The organization was established in 1984. 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, National Art Materials Trade Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Art Materials Trade 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 12/2021, National Art Materials Trade Association generated $689.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $588.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NAMTA ("THE ASSOCIATION") IS AN INTERNATIONAL ASSOCIATION WHOSE MEMBERS ARE ENGAGED IN THE ART & CREATIVE MATERIALS INDUSTRY. ITS PURPOSE IS TO PROVIDE NAMTA'S ART/CREATIVE MATERIALS INDUSTRY MEMBERS WITH THE PRODUCTS, SERVICES AND INFORMATION NEEDED TO GROW AND PROSPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION HELD A VIRTUAL (DUE TO THE PANDEMIC) CONFERENCE AND TRADE SHOW IN CONJUNCTION WITH THE ASSOCIATION FOR CREATIVE INDUSTRIES FOR ITS MEMBERS TO DEVELOP IN THE INDUSTRY AND DEVELOP INNOVATIVE MARKETING PROGRAMS FOR THE INDUSTRY. THIS CONFERENCE WAS A TRADE ONLY BUSINESS TO BUSINESS SHOW.
THE ASSOCIATION CONTINUED ITS ART ADVOCACY GRANT PROGRAM. THE PROGRAM AWARDS GRANTS TO APPLICANTS WHO SUPPORT THE ARTS IN ANY OF FOUR CATEGORIES: PUBLIC ART, ART EDUCATION, THE MILITARY, AND HEALTH AND HEALING. OUR MEMBERS WERE ABLE TO INFORM THEIR CUSTOMERS OF THE AVAILABILITY OF THIS PROGRAM THROUGH EMAILS, SOCIAL MEDIA CHANNELS AND OUR WEBSITE - NAMTA.ORG. IT WAS ALSO AVAILABLE TO THE PUBLIC THROUGH THE SAME MECHANISMS.
NAMTA CONNECT COLLECTION LETS MEMBERS COMMUNICATE WITH EACH OTHER VIA THE THEATER (INCLUDES DEMO ALLEY), THE CAFE, THE GALLERY, AND THE STUDIO. THE THEATER CONSISTS OF LIVE INFORMATIONAL SESSONS AND DEMO ALLEY, HELD ON THE ZOOM PLATFORM. THE CAFE IS HOSTED ON THE ZOOM PLATFORM WITH CASUAL OPPORTUNITIES FOR MEMBERS TO CATCH-UP AND EXCHANGE IDEAS WITH EACH OTHER IN THE FORM OF ROUNDTABLES, MEETINGS, AND HAPPY HOURS. THE GALLERY IS A FORUM FOR MEMBERS-ONLY THAT RESIDES ON WWW.NAMTA.ORG. THE STUDIO IS A PLACE FOR NAMTA MEMBERS TO VIEW PAST NAMTA CONNECT SESSION RECORDINGS THROUGH THE LEARNING MANAGEMENT SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Siffringer Executive Director | Officer | 40 | $105,000 |
Phil King Immediate Past President | OfficerTrustee | 1 | $0 |
Steve Chamberlain President | OfficerTrustee | 1 | $0 |
Doug Mooney President-Elect | OfficerTrustee | 1 | $0 |
Mike Roche Director | Trustee | 1 | $0 |
Ashley Lee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $177,777 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,317 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,094 |
| Total Program Service Revenue | $399,075 |
| Investment income | $417 |
| 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 | $689,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,500 |
| 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. | $113,154 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,814 |
| Pension plan accruals and contributions | $14,382 |
| Other employee benefits | $23,319 |
| Payroll taxes | $27,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,156 |
| Fees for services: Accounting | $9,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,061 |
| Office expenses | $20,571 |
| Information technology | $18,413 |
| Royalties | $0 |
| Occupancy | $2,772 |
| Travel | $594 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,527 |
| Insurance | $4,948 |
| All other expenses | $0 |
| Total functional expenses | $588,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,494 |
| Savings and temporary cash investments | $758,398 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,975 |
| 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 | $67,484 |
| Net Land, buildings, and equipment | $1,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,202,149 |
| Accounts payable and accrued expenses | $21,865 |
| Grants payable | $0 |
| Deferred revenue | $645,377 |
| 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 | $667,242 |
| Net assets without donor restrictions | $534,907 |
| 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 | $1,202,149 |
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