Composite Panel Association
- Assets
- $5.2m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Leesburg, VA
- Founding
- 01/1962
- Data as of
- 12/2022
- EIN
- 53-0258451
Organization Overview
Composite Panel Association is located in Leesburg, VA. The organization was established in 1962. 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 12/2022, Composite Panel Association employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Composite Panel 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, Composite Panel Association generated $4.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE WOOD-BASED PANEL AND DECORATIVE SURFACING INDUSTRIES- SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABRATORY AND GRADEMARK: CPA OPERATES AN INDEPENDENT INTERNATIONAL TESTING CENTER (ITC) IN LEESBURG, VIRGINIA AND MANAGES THE GRADEMARK CERTIFICATION PROGRAM, THE LARGEST AND MOST STRINGENT TESTING AND CERTIFICATION PROGRAM OF ITS KIND FOR NORTH AMERICAN COMPOSITE PANEL PRODUCTS. THE ASSOCIATION ALSO HELPS MANUFACTURERS CREATE INPLANT QUALITY CONTROL PROGRAMS THROUGH EDUCATIONAL PROGRAMS AND ON-SITE ASSISTANCE.THE ITC LAB AND CERTIFICATION PROGRAM ARE BOTH ACCREDITED TO SUPPORT INDUSTRY CERTIFICATION AND PROGRAMS AND CONDUCT PRODUCT TESTING. THESE ACTIVITIES INCLUDE VERIFICATION THAT PHYSICAL AND MECHANICAL PROPERTIES AND EMISSION VALUES MEET SPECIFIED STANDARDS.
ANNUAL MEETINGS: CPA SPONSORS TWO ANNUAL MEETINGS EACH SPRING AND FALL. THESE EVENTS FEATURE SPEAKERS AND EDUCATIONAL WORKSHOPS ON SUBSTANTIVE INDUSTRY ISSUES, EXHIBIT AND SPONSORSHIP OPPORTUNITIES TO BUILD AWARENESS OF MEMBERS' PRODUCTS AND SERVICES, AND BUSINESS MEETINGS TO DEVELOP POLICIES AND PROGRAMS. THE ANNUAL MEETINGS OFFER A UNIQUE OPPORTUNITY TO NETWORK WITH CPA PRODUCER MEMBERS, DISTRIBUTORS, SUPPLIERS, END-USERS AND OTHER COLLEAGUES.
EDUCATION AND COMMUNICATIONS: CPA IS AN APPROVED PROVIDER OF CONTINUING EDUCATION COURSES FOR THE AMERICAN INSTITUTE OF ARCHITECTS (AIA) AND HAS DEVELOPED SEVERAL COURSES TO EDUCATE ARCHITECTS AND DESIGNERS ABOUT THE BENEFITS OF SOURCING WOOD-BASED COMPOSITE PANELS AND DECORATIVE SURFACES. CPA OFFERS FACT SHEETS AND TECHNICAL BULLETINS COVERING A WIDE RANGE OF TOPICS AND SPECIFICATIONS ABOUT THE ATTRIBUTES OF COMPOSITE PANEL PRODUCTS. ALL ARE AVAILABLE ON THE CPA WEBSITE TO MEMBERS AT NO CHARGE. THE ASSOCIATION PUBLISHES A WEEKLY E-NEWSLETTER FOR MEMBERS TITLED @THE EDGE PROVIDING UP-TO-DATE INDUSTRY AND ASSOCIATION NEWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Aldred Chairman | OfficerTrustee | 1 | $0 |
Dan Beaty Vice Chairman | OfficerTrustee | 1 | $0 |
Steve Canary Secretary/treasurer | OfficerTrustee | 1 | $0 |
Matt Swinnie Director | Trustee | 1 | $0 |
Ann Raymond Director | Trustee | 1 | $0 |
Geri Freeman Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Timber Products Inspection Inc Wood Audits/inspections | 12/30/20 | $184,825 |
Brl Regulatory Advisers Llc Environmental And Regulatory Services | 12/30/20 | $111,200 |
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 | $4,154,894 |
| Investment income | $46,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $81,218 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,282,229 |
| 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. | $676,993 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,070,342 |
| Pension plan accruals and contributions | $81,801 |
| Other employee benefits | $177,952 |
| Payroll taxes | $108,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,533 |
| Fees for services: Accounting | $25,098 |
| Fees for services: Lobbying | $130,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,532 |
| Fees for services: Other | $385,397 |
| Advertising and promotion | $0 |
| Office expenses | $168,355 |
| Information technology | $126,467 |
| Royalties | $0 |
| Occupancy | $100,995 |
| Travel | $58,140 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $314,702 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,976 |
| Insurance | $58,704 |
| All other expenses | $0 |
| Total functional expenses | $3,881,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $837,527 |
| Savings and temporary cash investments | $19,558 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $603,572 |
| 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 | $141,182 |
| Net Land, buildings, and equipment | $1,476,660 |
| Investments—publicly traded securities | $2,091,256 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,045 |
| Total assets | $5,193,800 |
| Accounts payable and accrued expenses | $252,283 |
| Grants payable | $0 |
| Deferred revenue | $3,000 |
| 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 | $742,111 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,286 |
| Total liabilities | $1,022,680 |
| Net assets without donor restrictions | $4,171,120 |
| 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 | $5,193,800 |