Maple Flooring Manufacturers Association
- Assets
- $1.2m
- Revenue
- $658.8k
- Investments
- $909.8k
- Employees
- 0
- Location
- Gurnee, IL
- Founding
- 05/1938
- Data as of
- 12/2021
- EIN
- 36-2158171
Organization Overview
Maple Flooring Manufacturers Association is located in Gurnee, IL. The organization was established in 1938. 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. Maple Flooring 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 12/2021, Maple Flooring Manufacturers Association generated $658.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $666.4k during the year ending 12/2021. While expenses have increased by 0.5% 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
THE MAPLE FLOORING MANUFACTURERS ASSOCIATION PROVIDES TECHNICAL AND GENERAL EDUCATION ABOUT THE MANUFACTURE, APPLICATION, INSTALLATION AND MAINTENANCE OF MAPLE AND SYNTHETIC FLOORING. THE ASSOCIATION PROVIDES TECHNICAL ASSISTANCE TO THE INDUSTRY AS WELL AS CONDUCTING PRODUCT DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDUSTRY MARKETING PROGRAMS -- THESE PROGRAMS PROMOTE THE MAPLE FLOORING INDUSTRY. THE PROGRAMS ENCOURAGE THE USE OF MAPLE, BEECH AND BIRCH FLOORING IN THE UNITED STATES. MFMA PROVIDES ASSISTANCE TO ARCHITECTS, SPECIFIERS AND OWNERS. MFMA HAS A LARGE LIBRARY OF TECHNICAL LITERATURE TO ASSIST ARCHITECTS, SPECIFIERS AND OWNERS IN THE PROPER GRADING, INSTALLATION AND MAINTENANCE OF MAPLE FLOORS. ALSO MFMA EXHIBITS AT INDUSTRY TRADE SHOWS AND ADVERTISES IN INDUSTRY TRADE MAGAZINES AND WEBSITES.
ACCREDITED INSTALLER PROGRAM DESIGNED TO PROVIDE A CONSISTENT & OBJECTIVE QUALITY ASSURANCE PROGRAM TO VALIDATE THE QUALIFICATIONS AND KNOWLEDGE IN A SPECIFIC AREA OF PROFESSIONAL PRACTICE BASED ON A SET OF PRE-DETERMINED STANDARDS.
MFMA CONDUCTS A BIENNIAL CONFERENCE TO PROVIDE TECHNICAL AND GENERAL EDUCATION ABOUT THE MANUFACTURE, APPLICATION, INSTALLATION AND MAINTENANCE OF MAPLE AND SYNTHETIC FLOORING. THE CONFERENCE PROVIDES EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR ITS MEMBER BASE AND FOR OTHER FLOORING INDUSTRY MANUFACTURERS, INSTALLERS AND OTHERS SEEKING POTENTIAL MEMBERSHIP IN MFMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Heney Executive VP (thru Sept) | Officer | 37.5 | $89,405 |
Stephen Bernard Executive VP | Officer | 40 | $51,111 |
Dan Corullo President | OfficerTrustee | 3 | $0 |
Ray Webb First Vice President | OfficerTrustee | 1 | $0 |
Jay Stoehr Second Vice President | OfficerTrustee | 1 | $0 |
Peter Connor Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kellen Company Management Services And Tech Access Fees | 12/30/18 | $453,813 |
Hilton La Jolla Torrey Pines Annual Conference | 12/30/18 | $102,221 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $338,554 |
| 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 | $338,554 |
| Total Program Service Revenue | $269,985 |
| Investment income | $50,275 |
| 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 | $658,814 |
| 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. | $140,516 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,247 |
| Payroll taxes | $19,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,496 |
| Fees for services: Accounting | $23,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,052 |
| Fees for services: Other | $41,293 |
| Advertising and promotion | $40,535 |
| Office expenses | $59,377 |
| Information technology | $144 |
| Royalties | $0 |
| Occupancy | $51,361 |
| Travel | $2,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,664 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,148 |
| All other expenses | $0 |
| Total functional expenses | $666,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,879 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,240 |
| 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 | $8,334 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $909,811 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,182,264 |
| Accounts payable and accrued expenses | $6,664 |
| Grants payable | $0 |
| Deferred revenue | $178,658 |
| 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 | $185,322 |
| Net assets without donor restrictions | $996,942 |
| 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 | $1,182,264 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |