Appalachian Hardwood Manufacturers Incorporated
- Assets
- $558.3k
- Revenue
- $451.6k
- Investments
- $0.0
- Employees
- 2
- Location
- High Point, NC
- Founding
- 08/1942
- Data as of
- 12/2021
- EIN
- 31-0202520
Organization Overview
Appalachian Hardwood Manufacturers Incorporated is located in High Point, NC. The organization was established in 1942. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Appalachian Hardwood Manufacturers Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian Hardwood Manufacturers Incorporated 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, Appalachian Hardwood Manufacturers Incorporated generated $451.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $407.9k during the year ending 12/2021. While expenses have increased by 1.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A MANUFACTURERS TRADE ASSOCIATION PROVIDING EDUCATION AND PROMOTION OF THE USE OF APPALACHIAN GROWN HARDWOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS, PROMOTIONAL MATERIALS FOR HARDWOOD MANUFACTURERS AT TRADE SHOWS, INFORMATIONAL SERVICES RE: HARDWOOD INDUSTRYEDUCATIONAL MEETINGS AND SEMINARS FOR MEMBERS AND RELATED HARDWOOD AND FORESTRY INDUSTRIES.
PROMOTIONAL AND EDUCATIONAL MATERIALS RE:HARDWOOD INDUSTRY PROVIDED FOR MEMBERS, EDUCATIONAL UNITS, SCHOOLS, CIVIC AND FRATERNAL ORGANIZATIONS.
SUPPORT OF OTHER HARDWOOD AND FORESTRY RELATED ORGANIZATIONS AND FOREST RELATED RESEARCH PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Inman President | Officer | 40 | $117,250 |
Jay Reese Past Chairman | OfficerTrustee | 0 | $0 |
Tony Honeycutt Vice Chair-Fina | OfficerTrustee | 0 | $0 |
Tom Sheets Chairman | OfficerTrustee | 0 | $0 |
Roy Zangari Chairman-Elect | OfficerTrustee | 0 | $0 |
Jamie Coleman Trustee | Trustee | 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 | $393,208 |
| Investment income | $19,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,750 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $451,599 |
| 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. | $147,084 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,273 |
| Pension plan accruals and contributions | $3,805 |
| Other employee benefits | $6,384 |
| Payroll taxes | $11,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $581 |
| Advertising and promotion | $0 |
| Office expenses | $19,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,879 |
| Travel | $5,680 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,314 |
| Interest | $825 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,191 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $407,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,554 |
| Savings and temporary cash investments | $70,315 |
| 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 | $0 |
| Net Land, buildings, and equipment | $39,985 |
| Investments—publicly traded securities | $424,919 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,575 |
| Total assets | $558,348 |
| Accounts payable and accrued expenses | $2,919 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1 |
| Total liabilities | $2,920 |
| Net assets without donor restrictions | $555,428 |
| 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 | $558,348 |
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