Hardware Group Association FY2022 filing

Not tax-deductible

Maple Grove, MN501(c)(6)EIN 36-3953316

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The organization's primary exempt purpose is to promote the common interests of members of the Hardware industry and to foster a general improvement of business conditions in the Hardware industry as a whole.

92¢ of each $1 spent went to programs.
$6K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $14K a year · 5% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
+51% vs prior year
Spent
$288K
To programs
92%
Net assets
$123K
By yearFY2020–FY2025
Revenue
$240K
FY2022▲ +51%
Revenue by fiscal year
FY2020$51K
FY2021$158K
FY2022$240K
FY2023$315K
FY2024$334K
FY2025$340K
Expenses
$288K
FY2022
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$288K
FY2023$291K
FY2024$283K
FY2025$312K
Net assets
$123K
FY2022▼ -28%
Net assets by fiscal year
FY2020$225K
FY2021$171K
FY2022$123K
FY2023$148K
FY2024$199K
FY2025$228K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $266K Management & general 8% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990; $6K paid to officers and key staff.

Part VII, Section A · reportable compensation
Managing Director
$6,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Steve Draeger$12,000$6,000————
Bill Axline——$4,500$6,000$8,000$4,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Hardware Group Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes hardware industry interests and improves business conditions for its members.

Provided by the organization

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1 program service account for $266K of program spending, described in the organization's own filed words · FY2022.
01

Meetings of members in the hardware industry are traditionally held in june and september.

$266Kprogram expense

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$240K
Ln 12
Fees for servicesLn 2g$239K
Investment incomeLn 3$185
Money outPt IX
$288K
Ln 25
Programscol B$266K
Managementcol C$22K
Owns and owesPt X
$123K
net assets · Ln 32
Cash and savingsLn 1–2$123K
Total assetsLn 16$123K
LiabilitiesLn 26$0
PeoplePt VI, VII
27
listed · VII A
PaidVII A1
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$239K
Investment incomeLn 3$185
Total revenueLn 12$240K
Assets in detailPt X, end of year
CashLn 1$123K
Cash and savings togetherLn 1–2$123K
Total assetsLn 16$123K
LiabilitiesLn 26$0
Net assetsLn 32$123K
OperationsPt I, VI
EmployeesI 50
VolunteersI 634
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$171K$123K
Total assetsLn 16$171K$123K
LiabilitiesLn 26$0$0
Net assetsLn 32$171K$123K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$6K$6K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$1K$1K
Conferences, conventions and meetingsLn 19$265K$265K
InsuranceLn 23$751$751
Other expenses (24a–d)Ln 24$9K$9K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$288K$266K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $340K$312K$29K$228K 990 PDF
FY2024 $334K$283K$52K$199K 990 PDF
FY2023 $315K$291K$25K$148K 990 PDF
FY2022 Viewing $240K$288K−$48K$123K 990 PDF
FY2021 $158K$171K 990 PDF
FY2020 $51K$225K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $239,560 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $239,375$239,375
VIII-3 Investment incomeExcluded from tax $185$185
VIII-12 Total revenueRelated to mission $239,375 · Unrelated business $0 · Excluded from tax $185$239,560
Part IX · Statement of functional expenses $288,060 across 7 lines filed
IX-5 Pay of current officers, directors and key staffManagement $6,000$6,000
IX-11c Accounting feesManagement $4,027$4,027
IX-13 Office expensesManagement $1,395$1,395
IX-19 Conferences, conventions and meetingsPrograms $265,159$265,159
IX-23 InsurancePrograms $751$751
IX-24 Other expenses (24a–d)Management $8,593$8,593
IX-24e All other expensesManagement $2,135$2,135
IX-25 Total functional expensesPrograms $265,910 · Management $22,150 · Fundraising $0$288,060
Part X · Balance sheet $122,965 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $171,465$122,965
X-16 Total assetsStart of year $171,465$122,965
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $171,465$122,965
X-32 Total net assets or fund balancesStart of year $171,465$122,965
X-33 Total liabilities and net assetsStart of year $171,465$122,965
Part XI · Reconciliation of net assets $122,965 net assets at year end
XI-1 Total revenue$239,560
XI-2 Total expenses$288,060
XI-3 Revenue less expenses−$48,500
XI-4 Net assets at start of year$171,465
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$122,965

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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