NATIONAL ART MATERIALS TRADE ASSOCI

EIN: 116015643 Community Improvement

HUNTERSVILLE, NC

Total Revenue
$1,297,573
Total Expenses
$1,179,422
Total Assets
$2,197,426
Net Assets
$1,093,570
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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
IL
Principal Officer
LEAH SIFFRINGER
Phone
7048926244
Tax Period
2023-01-01 to 2023-12-31

NATIONAL ART MATERIALS TRADE ASSOCI, founded in 1950, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.2M left a modest 9% surplus.

Mission

NAMTA'S MISSION IS TO MAKE THE INDUSTRY AND ASSOCIATION RECOGNIZED BY ITS MEMBERS, CONSUMERS, AND ART/CRAFT EDUCATORS AS A PRIMARY SOURCE OF INFORMATION ON ART/CREATIVE MATERIALS. NAMTA IS A LEADER AND UNIFYING FORCE IN THE SUPPORT, SUSTAINABILITY AND ADVOCACY OF ART/CREATIVE MATERIALS BUSINESS.

Program Service Accomplishments

Program 1

THE ASSOCIATION HOLDS A CONFERENCE THAT IS A TRADE ONLY BUSINESS TO BUSINESS SHOW. THIS CONFERENCE AND TRADESHOW IS FOR OUR MEMBERS TO DEVELOP IN THE INDUSTRY THROUGH EDUCATIONAL PROGRAMMING WITH...

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THE ASSOCIATION HOLDS A CONFERENCE THAT IS A TRADE ONLY BUSINESS TO BUSINESS SHOW. THIS CONFERENCE AND TRADESHOW IS FOR OUR MEMBERS TO DEVELOP IN THE INDUSTRY THROUGH EDUCATIONAL PROGRAMMING WITH WORKSHOPS AND SEMINARS ALONG WITH NETWORKING OPPORTUNITIES TO BUILD RELATIONSHIPS IN THE CREATIVE INDUSTRY.

Program 2

THE ASSOCIATION CONTINUES ITS ART ADVOCACY GRANT PROGRAM. THE PROGRAM AWARDS GRANT TO APPLICANTS WHO SUPPORT THE ARTS AND THE CRAFTS IN ANY OF FOUR CATEGORIES: PUBLIC ART, ART EDUCATION, ART THERAPY...

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THE ASSOCIATION CONTINUES ITS ART ADVOCACY GRANT PROGRAM. THE PROGRAM AWARDS GRANT TO APPLICANTS WHO SUPPORT THE ARTS AND THE CRAFTS IN ANY OF FOUR CATEGORIES: PUBLIC ART, ART EDUCATION, ART THERAPY FOR MILITARY AND VETERANS, AND ART THERAPY FOR HEALTH AND HEALING. OUR MEMBERS WERE ABLE TO INFORM THEIR CUSTOMERS OF THE AVAILABILITY OF THIS PROGRAM THROUGH EMAILS, SOCIAL MEDIA CAHNNELS AND OUR WEBSITE-WWW.NAMTA.ORG. IT WAS AVAILABLE TO THE PUBLIC THROUGH THE SAME MECHANISMS.

Program 3

THE ASSOCIATION CONTINUES TO GROW "NAMTA CONNECT- AND THE DIVERSITY OF ITS PROGRAMS AVAILABLE TO OUR MEMBERS THROUGH THE THEATRE (DEMO ALLEY), THE CAFE, THE GALLERY AND THE STUDIO. THE THEATRE...

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THE ASSOCIATION CONTINUES TO GROW "NAMTA CONNECT- AND THE DIVERSITY OF ITS PROGRAMS AVAILABLE TO OUR MEMBERS THROUGH THE THEATRE (DEMO ALLEY), THE CAFE, THE GALLERY AND THE STUDIO. THE THEATRE CONSISTS OF LIVE INFORMATIONAL SESSIONS AND DEMO ALLEY. THE CAFE IS A PLATFORM FOR OUR MEMBERS TO CATCH-UP AND EXCHANGE IDEAS WITH EACH OTHER IN THE FORM OF ROUNDTABLES, MEETINGS, AND HAPPY HOURS. THE GALLERY IS A FORUM FOR MEMBERS-ONLY THAT RESIDES ON WWW.NAMTA.ORG THE STUDIO IS A PLACE FOR NAMTA MEMBERS TO VIEW PAST NAMTA CONNECT SESSION RECORDINGS THROUGH THE LEARNING MANAGEMENT SYSTEM. BOTH THE THEATRE AND THE CAFE ARE THROUGH THE ZOOM PLATFORM.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,641
Program Service Revenue $1,268,235
Investment Income $19,697
Other Revenue $0
TOTAL REVENUE $1,297,573

Expense Breakdown

Grants Paid $11,350
Salaries & Benefits $513,840
Fundraising Expenses $0
Other Expenses $654,232
TOTAL EXPENSES $1,179,422

Year-over-Year Comparison

2023 2022 Change
Revenue $1,297,573 $1,358,974 0.0%
Expenses $1,179,422 $957,167 +0.2%
Net Income $118,151 $401,807 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
7
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$119,637
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEAH SIFFRINGER EXECUTIVE DI 40.00
Officer
$110,250 $9,387 $119,637
JOSHUA BELT DIRECTOR 1.00
Director
$0 $0 $0
LAWRENCE HOFFMAN PRESIDENT EL 1.00
Officer Director
$0 $0 $0
TOM JAMES PRESIDENT 2.00
Officer Director
$0 $0 $0
STACY LAKE DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY LEE DIRECTOR 1.00
Director
$0 $0 $0
DOUG MOONEY IMMEDIATE PA 1.00
Officer Director
$0 $0 $0
CYNTHIA MORRIS DIRECTOR 1.00
Director
$0 $0 $0
DARIN RINNE DIRECTOR 1.00
Director
$0 $0 $0
SARAH RUBENSTEIN DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,297,573 $1,179,422 $2,197,426 $118,151
2022 $1,358,974 $957,167 $1,703,853 $401,807
2021 $689,586 $588,365 $1,202,149 $101,221
2020 $262,405 $523,151 $985,097 $-260,746
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