National Association Of The Remodeling Industry
- Assets
- $8.6m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Wheeling, IL
- Founding
- 03/1959
- Data as of
- 06/2022
- EIN
- 13-2506648
Organization Overview
National Association Of The Remodeling Industry is located in Wheeling, IL. The organization was established in 1959. 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 06/2022, National Association Of The Remodeling Industry employed 19 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Association Of The Remodeling Industry 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 06/2022, National Association Of The Remodeling Industry generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 5.3% per year over the past 7 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
NARI'S CORE PURPOSE IS TO ADVANCE AND PROMOTE THE REMODELING INDUSTRY'S PROFESSIONALISM, PRODUCT AND VITAL PUBLIC PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE EVENTS THAT PROVIDE EDUCATIONAL AND NETWORKING OPPORTUNITIES AND FEATURE PRODUCTS/SERVICES DEVOTED TO THE REMODELING INDUSTRY.
PROMOTE INDUSTRY GROWTH, SECURITY, EDUCATION, INDUSTRY NEWS AND TRENDS, GOVERNMENT AFFAIRS, SERVICE ANNOUNCEMENTS AND GENERAL BUSINESS ARTICLES THROUGH THE NEWSWATCH E-NEWSLETTER.
DEVELOP AND IMPLEMENT PROGRAMS DESIGNED TO PROMOTE NARI MEMBERS AND PUBLICIZE THE SIGNIFICANCE OF THE PROFESSIONAL REMODELING INDUSTRY.
EDUCATION AND GOVERNMENT AFFAIRS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Pekel Chief Executive Officer (resigned 11/2/21) | Officer | 1 | $279,692 |
Elsie Iturralde Chief Operations Officer | 1 | $115,655 | |
Tracy Wright Senior Director, Member Engagement And Governance | 1 | $100,239 | |
Doug King Board Chair | OfficerTrustee | 0 | $0 |
Dennis Gehman President | OfficerTrustee | 0 | $0 |
Chris Enger President-Elect | OfficerTrustee | 0 | $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 | $1,621,879 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $68,264 |
| Royalties | $2,011,729 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $455,225 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,190,353 |
| 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. | $171,958 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $960,926 |
| Pension plan accruals and contributions | $48,141 |
| Other employee benefits | $79,972 |
| Payroll taxes | $92,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $108,553 |
| Fees for services: Accounting | $26,374 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,353 |
| Fees for services: Other | $65,907 |
| Advertising and promotion | $693,103 |
| Office expenses | $77,135 |
| Information technology | $209,697 |
| Royalties | $0 |
| Occupancy | $219,589 |
| Travel | $2,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $255,321 |
| Interest | $26,904 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $239,952 |
| Insurance | $18,298 |
| All other expenses | $0 |
| Total functional expenses | $3,539,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,334 |
| Savings and temporary cash investments | $1,246,695 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,042,449 |
| 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 | $37,747 |
| Net Land, buildings, and equipment | $2,502,116 |
| Investments—publicly traded securities | $3,485,228 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,593,569 |
| Accounts payable and accrued expenses | $333,303 |
| Grants payable | $0 |
| Deferred revenue | $517,071 |
| 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 | $632,217 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,847 |
| Total liabilities | $1,633,438 |
| Net assets without donor restrictions | $6,960,131 |
| 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 | $8,593,569 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Appraisal Institute Chicago, IL | $29,125,581 | $19,187,200 |
American Massage Therapy Assn Evanston, IL | $43,659,958 | $20,082,192 |
National Roofing Contractors Association Rosemont, IL | $27,483,299 | $17,802,756 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |
American Marketing Association Inc Chicago, IL | $9,741,723 | $15,191,106 |
Alliance For Audited Media Lisle, IL | $17,794,762 | $11,739,341 |
American Society Of Safety Professionals Park Ridge, IL | $23,941,077 | $16,437,200 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
Prestressed Concrete Institute Chicago, IL | $8,854,978 | $13,790,264 |