Hardware Group Association FY2023 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.

90¢ of each $1 spent went to programs.
$4K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4K
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
6 mo
of spending, in cash
Looks good: 6.1 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
32
of 32 voting members
Looks good: 32 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$315K
+32% vs prior year
Spent
$291K
To programs
90%
Net assets
$148K
By yearFY2020–FY2025
Revenue
$315K
FY2023▲ +32%
Revenue by fiscal year
FY2020$51K
FY2021$158K
FY2022$240K
FY2023$315K
FY2024$334K
FY2025$340K
Expenses
$291K
FY2023▲ +0.9%
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$288K
FY2023$291K
FY2024$283K
FY2025$312K
Net assets
$148K
FY2023▲ +20%
Net assets by fiscal year
FY2020$225K
FY2021$171K
FY2022$123K
FY2023$148K
FY2024$199K
FY2025$228K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

90 cents of each dollar spent went to programs.

Program services 90% · $262K Management & general 10% · $28K

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

32 people listed on the 990; $4K paid to officers and key staff.

Part VII, Section A · reportable compensation
Managing Director
$4,500Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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

This section is blank until Hardware Group Association claims this page.

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1 program service account for $262K of program spending, described in the organization's own filed words · FY2023.
01

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

$262Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$315K
Ln 12
Fees for servicesLn 2g$310K
Other incomeLn 4–11$4K
Investment incomeLn 3$2K
Money outPt IX
$291K
Ln 25
Programscol B$262K
Managementcol C$28K
Owns and owesPt X
$148K
net assets · Ln 32
Cash and savingsLn 1–2$148K
Total assetsLn 16$148K
LiabilitiesLn 26$0
PeoplePt VI, VII
32
listed · VII A
PaidVII A1
Voting boardVI 1a32
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$310K
Investment incomeLn 3$2K
Other incomeLn 4–11$4K
Total revenueLn 12$315K
Assets in detailPt X, end of year
CashLn 1$148K
Cash and savings togetherLn 1–2$148K
Total assetsLn 16$148K
LiabilitiesLn 26$0
Net assetsLn 32$148K
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 FY23End FY23
Cash and savingsLn 1–2$123K$148K
Total assetsLn 16$123K$148K
LiabilitiesLn 26$0$0
Net assetsLn 32$123K$148K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$4K$4K
Accounting feesLn 11c$5K$5K
Office expensesLn 13$4K$4K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$262K$262K
InsuranceLn 23$751$751
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$291K$262K$28K$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 Viewing $315K$291K$25K$148K 990 PDF
FY2022 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $315,421 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $310,250$310,250
VIII-3 Investment incomeExcluded from tax $1,671$1,671
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,500$3,500
VIII-12 Total revenueRelated to mission $313,750 · Unrelated business $0 · Excluded from tax $1,671$315,421
Part IX · Statement of functional expenses $290,788 across 7 lines filed
IX-5 Pay of current officers, directors and key staffManagement $4,500$4,500
IX-11c Accounting feesManagement $5,203$5,203
IX-13 Office expensesManagement $4,297$4,297
IX-17 TravelManagement $1,635$1,635
IX-19 Conferences, conventions and meetingsPrograms $262,500$262,500
IX-23 InsuranceManagement $751$751
IX-24 Other expenses (24a–d)Management $11,902$11,902
IX-25 Total functional expensesPrograms $262,500 · Management $28,288 · Fundraising $0$290,788
Part X · Balance sheet $147,598 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $122,965$147,598
X-16 Total assetsStart of year $122,965$147,598
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $122,965$147,598
X-32 Total net assets or fund balancesStart of year $122,965$147,598
X-33 Total liabilities and net assetsStart of year $122,965$147,598
Part XI · Reconciliation of net assets $147,598 net assets at year end
XI-1 Total revenue$315,421
XI-2 Total expenses$290,788
XI-3 Revenue less expenses$24,633
XI-4 Net assets at start of year$122,965
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$147,598

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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