Forest Resources Association Inc

Organization Overview

Forest Resources Association Inc is located in Washington, DC. The organization was established in 1984. 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 04/2023, Forest Resources Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Resources Association Inc 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 04/2023, Forest Resources Association Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.3m during the year ending 04/2023. While expenses have increased by 4.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE FOREST RESOURCES ASSOCIATION WORKS TO PROACTIVELY LEAD A WORLD-CLASS WOOD SUPPLY CHAIN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOP TRAINING AND SAFETY PROGRAMS FOR THOSE WORKING IN THE WOOD FIBER PRODUCTS INDUSTRY. COMMUNICATE RELEVANT AND TIMELY INFORMATION TO CREATE OPPORTUNITIES FOR COMPANY AND EMPLOYEE SUCCESS. PROMOTE SAFETY, IMPROVE SKILLS, AND ELEVATE TECHNICAL AND OPERATIONAL EXPERTISE. IDENTIFY WORKFORCE ISSUES AND DEFINE PROACTIVE SOLUTIONS.


PROVIDE TECHNICAL ASSISTANCE AND TRAINING TO MEMBERS IN THE WOOD FIBER PRODUCTS INDUSTRY. ESTABLISH LEADERSHIP DEVELOPMENT PROGRAMS. MAINTAIN A THRIVING REGIONAL STRUCTURE. ADDRESS REGIONAL POLICY AND OPERATIONAL ISSUES. IDENTIFY REGIONAL RESEARCH PRIORITIES.


MONITOR LEGISLATION AND INFORM MEMBERS ABOUT ISSUES WHICH COULD AFFECT THE WOOD FIBER PRODUCTS INDUSTRY. PROVIDE AN EFFECTIVE MEMBER VOICE IN WASHINGTON, DC. DEFEND AGAINST THREATENING LEGISLATION AND REGULATION. ADVANCE PUBLIC POLICIES THAT SUPPORT INDUSTRY SUSTAINABILITY. BUILD AND GROW A STRONG GRASSROOTS ADVOCACY NETWORK.


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Board, Officers & Key Employees

Name (title)Compensation
Pete Stewart
Chairman
$0
Kevin Hudson
Vice Chair
$0
Dale Lemmons
Vice Chair
$0
Doug Long
Vice Chair
$0
Joseph Parnell
Vice Chair
$0
Scott Mcdonald
Board Member
$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$2,385,875
Investment income $17,692
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$50,246
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,377,900

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