Natural Stone Institute
- Assets
- $4.2m
- Revenue
- $2.9m
- Investments
- $2.7m
- Employees
- 19
- Location
- Oberlin, OH
- Founding
- 10/1990
- Data as of
- 12/2021
- EIN
- 38-2817639
Organization Overview
Natural Stone Institute is located in Oberlin, OH. The organization was established in 1990. 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, Natural Stone Institute employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Natural Stone Institute 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, Natural Stone Institute generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 4.5% 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
SEE SCHEDULE O FOR COMPLETE DESCRIPTION.THE NATURAL STONE INSTITUTE'S MISSION STATEMENT IS: TO LEAD, SUPPORT, AND PROMOTE A UNIFIED NATURAL STONE INDUSTRY THROUGH AUTHORITIVE INFORMATION, EDUCATION, STANDARDS, AND ADVOCACY. ADDITIONALLY, IT'S CORE VALUES INCLUDE LEADERSHIP, STEWARDSHIP, COLLABORATION, AND PROFESSIONALISM.THE NATURAL STONE INSTITUTE (NSI) WAS FORMED IN 2018 AS A MERGER OF THE MARBLE INSTITUTE OF AMERICA (MIA) AND THE BUILDING STONE INSTITUTE (BSI). THE BUILDING STONE INSTITUTE WAS FORMED IN 1894 AS THE INTERNATIONAL CUT STONE CONTRACTORS AND QUARRYMEN'S ASSOCIATION; THE NAME WAS CHANGED TO THE BUILDING STONE INSTITUTE IN 1955. ESTABLISHED IN 1903 AS THE NATIONAL ASSOCIATION OF MARBLE DEALERS, THE MARBLE INSTITUTE OF AMERICA OFFICIALLY FORMED IN 1944, WHEN THE ASSOCIATION MERGED WITH THE NATIONAL ASSOCIATION OF MARBLE PRODUCERS. IN 1962, THE NATIONAL ASSOCIATION OF MARBLE BUILDERS MERGED WITH MARBLE INSTITUTE OF AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELECTRONIC MEDIA AND PUBLICATIONS:THE ORGANIZATION PROVIDES A VARIETY OF PRINT AND ELECTRONIC PUBLICATIONS, INCLUDING A BI-MONTHLY MEMBER NEWSLETTER AND MAGAZINE FOR THE DESIGN COMMUNITY. THE ORGANIZATION ALSO PROVIDES THE DIMENSION STONE DESIGN MANUAL, A TECHNICAL PUBLICATION CONTAINING SPECIFICATIONS AND TECHNICAL DATA REGARDING WORKING WITH NATURAL STONE. CONSUMER BROCHURES AND SAFETY RESOURCES ARE ALSO PROVIDED.
INDUSTRY EDUCATION:THE ORGANIZATION PROVIDES HIGH QUALITY EDUCATIONAL PROGRAMMING FOR NATURAL STONE PROFESSIONALS THROUGH THE FOLLOWING OUTLETS: TRADE SHOWS, REGIONAL SEMINARS, ONLINE EDUCATION, AND WEBINARS. CONTINUING EDUCATION TO THE ARCHITECTURE AND DESIGN COMMUNITY IS PROVIDED THROUGH TRADE SHOWS, ONLINE EDUCATION, WEBINARS, AND IN PERSON SEMINARS.
PROMOTION OUTREACH (TRADE ADVERTISING AND TRADE SHOW PARTICIPATION):NSI ADVERTISES REGULARLY TO PROMOTE THE ATTRIBUTES OF, AND THE USE OF, NATURAL STONE TO ARCHITECTS, DESIGNERS, AND KITCHEN & BATH DEALERS. THE ASSOCIATION ALSO EXHIBITS AT SEVERAL TRADE SHOWS IN THE U.S. AND INTERNATIONALLY PROMOTING THE USE OF NATURAL STONE AS WELL AS THE TECHNICAL STANDARDS PUBLISHED BY THE NATURAL STONE INSTITUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hieb Chief Executive Officer | Officer | 40 | $211,028 |
Michael Picco President | OfficerTrustee | 1 | $0 |
Robert Zavagno Past President | OfficerTrustee | 1 | $0 |
Badia Ontra Vice President | OfficerTrustee | 1 | $0 |
Duane Naquin Treasurer | OfficerTrustee | 1 | $0 |
Katie Jensen Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $110,000 |
| Government grants | $212,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $404,200 |
| Total Program Service Revenue | $2,303,030 |
| Investment income | $52,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $143,684 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,903,068 |
| 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. | $211,028 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,048,854 |
| Pension plan accruals and contributions | $27,609 |
| Other employee benefits | $109,172 |
| Payroll taxes | $92,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,142 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,786 |
| Fees for services: Other | $4,276 |
| Advertising and promotion | $186,698 |
| Office expenses | $135,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,548 |
| Interest | $1,885 |
| Payments to affiliates | $100,000 |
| Depreciation, depletion, and amortization | $20,848 |
| Insurance | $25,873 |
| All other expenses | $172,917 |
| Total functional expenses | $2,547,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,027,299 |
| Savings and temporary cash investments | $30,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,801 |
| 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 | $31,164 |
| Net Land, buildings, and equipment | $272,783 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,744,528 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,154,749 |
| Accounts payable and accrued expenses | $218,779 |
| Grants payable | $0 |
| Deferred revenue | $898,071 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $232,700 |
| Total liabilities | $1,349,550 |
| Net assets without donor restrictions | $2,484,865 |
| Net assets with donor restrictions | $320,334 |
| 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 | $4,154,749 |
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