Midwest Textile Services Association
- Assets
- $97.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1944
- Data as of
- 12/2022
- EIN
- 36-0901670
Organization Overview
Midwest Textile Services Association is located in Chicago, IL. The organization was established in 1944. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Textile Services 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, Midwest Textile Services Association generated $33.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $47.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CONDUCT MEMBER MEETINGS AT WHICH INDUSTRY ISSUES ARE DISCUSSED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Rohn President | 1 | $0 | |
Jim Buik Vice President | 1 | $0 | |
Doug Trolian Secretary/treas | 1 | $0 | |
Ed Druck Director | 1 | $0 | |
Mike Rubin Director | 1 | $0 | |
Paul Stratton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $5,109 |
| Investment income | $2,183 |
| Gain or Loss | $15,817 |
| Net Income from Gaming & Fundraising | $10,304 |
| Other Revenue | $0 |
| Total Revenue | $33,413 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $489 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $47,290 |
| Total expenses | $47,779 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $95,992 |
| Other assets | $0 |
| Total assets | $96,982 |
| Total liabilities | $11,200 |
| Net assets or fund balances | $85,782 |