2015-11-10T12:19:41-06:00 2014-12-31 420714325 RSM US LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2014-01-01 200744153 HARDWOOD FEDERATION INC HARD 2024632705 1101 K ST NW NO 700 WASHINGTON DC 20005 DANA LEE COLE EXECUTIVE DIRECTOR 2024632705 2015-11-07 1 WILLIAM E TURCO CPA P00369217 3012963600 2014 2016-04-25 22:37:26Z DANA LEE COLE 1101 K ST NW NO 700 WASHINGTON DC 20005 482049 0 X N/A X 2004 TN TO SERVE AS THE LEGISLATIVE ARM FOR THE HARDWOOD INDUSTRY. THE FEDERATION REPRESENTS THE MAJORITY OF ORGANIZATIONS ENGAGED IN THE MANUFACTURING, WHOLESALING, OR DISTRIBUTION OF NORTH AMERICAN HARDWOOD LUMBER, VENEER, PLYWOOD, FLOORING AND RELATED PRODUCTS. 17 17 2 17 0 0 148725 167273 320788 314776 0 0 360 0 469873 482049 0 0 0 0 260876 249647 0 0 0 197975 216840 458851 466487 11022 15562 168079 186144 14688 17191 153391 168953 TO SERVE AS THE LEGISLATIVE ARM FOR THE HARDWOOD INDUSTRY THE FEDERATION REPRESENTS THE MAJORITY OF ORGANIZATIONS ENGAGED IN THE MANUFACTURING, WHOLESALING, OR DISTRIBUTION OF NORTH AMERICAN HARDWOOD LUMBER, VENEER, PLYWOOD, FLOORING AND RELATED PRODUCTS. 0 0 THE HF DEVELOPED AND PURSUED A RANGE OF LEGISLATIVE PRIORITIES FOR THE HARDWOOD INDUSTRY TO: PROMOTE AND REPRESENT THE INTEREST AND IMPROVE BUSINESS CONDITIONS IN THE HARDWOOD INDUSTRY TO MAINTAIN A HEALTHY BUSINESS ENVIRONMENT FOR SMALL AND FAMILY BUSINESSES. AND TO MTN COMMERCIAL ACCESS TO FED AND PRIVATE HARDWOOD TIMBERLANDS. 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 2 1 0 0 0 0 1 1 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 X X DANA LEE COLE 2024632705 1101 K ST NW NO 700 WASHINGTON DC 20005 DON FINKELL PRESIDENT 2.00 X X 0 0 0 BRAD THOMPSON PAST PRESIDENT 2.00 X 0 0 0 JAMEY FRENCH POLICY CHAIR 2.00 X 0 0 0 TED ROSSI DEVELOPMENT CHAIR 2.00 X 0 0 0 PEM JENKINS EXECUTIVE COMMITTEE AT-LARGE 2.00 X 0 0 0 DAN CORULLO DIRECTOR 2.00 X 0 0 0 SKIPPER BEAL DIRECTOR 2.00 X 0 0 0 KEVIN GILLETTE DIRECTOR 2.00 X 0 0 0 DONNA HARMAN DIRECTOR 2.00 X 0 0 0 JACK SHANNON JR DIRECTOR 2.00 X 0 0 0 SCOTT HEIDLER DIRECTOR 2.00 X 0 0 0 MATTHEW SMITH DIRECTOR 2.00 X 0 0 0 RICK HOLDEN DIRECTOR 2.00 X 0 0 0 TOM TALBOT DIRECTOR 2.00 X 0 0 0 STEVE HOUSEKNECHT DIRECTOR 2.00 X 0 0 0 MIKE TAYLOR DIRECTOR 2.00 X 0 0 0 DICK KRAWZE DIRECTOR 2.00 X 0 0 0 DANA COLE EXECUTIVE DIRECTOR 40.00 X 168612 0 9662 168612 0 9662 1 0 1 0 0 4241 163032 167273 MEMBERSHIP DUES 900099 293300 293300 MEETING REVENUE 900099 21476 21476 314776 0 4241 0 0 482049 314776 0 0 X 171100 64132 14415 5365 32750 108180 10545 1227 18432 10513 21182 762 MEMBERSHIP DUES 6325 FEDERATION PARTNER MEET 1559 466487 84409 145272 83670 40872 168079 186144 7152 7293 7536 9898 14688 17191 X 153391 168953 153391 168953 168079 186144 15562 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 456332 100000 68105 168105 82140 85965 0 DUE TO STRATEGIC ALLIANCE 4740 DUE TO HARDWOOD PAC 5158 9898 X 482049 0 482049 0 482049 466487 0 466487 0 466487 PART X, LINE 2: THE FEDERATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. THE PAC IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES, OTHER THAN ON NET INVESTMENT INCOME, UNDER THE PROVISIONS OF SECTION 527(E) OF THE INTERNAL REVENUE CODE AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. AT DECEMBER 31, 2014, NO PROVISION FOR INCOME TAXES WAS MADE AS THE PAC HAD NO NET INVESTMENT INCOME. INCOME, WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO INCOME TAXES. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2014. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2011. X X 0 0 0 DANA COLE EXECUTIVE DIRECTOR 161112 0 7500 0 0 0 0 0 9662 0 178274 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 SECTION 1. ORGANIZATIONS AND TRADE ASSOCIATIONS CONSISTING OF INDIVIDUALS, FIRMS, OR CORPORATIONS, ENGAGED IN THE MANUFACTURING, CUSTOM KILN DRYING, WHOLESALING, OR DISTRIBUTION OF NORTH AMERICAN HARDWOOD OR CYPRESS LUMBER, VENEER, PLYWOOD, AND RELATED PRODUCTS, ARE ELIGIBLE FOR MEMBERSHIP. SECTION 2. ORGANIZATIONS AND TRADE ASSOCIATIONS CONSISTING OF INDIVIDUALS, FIRMS OR CORPORATIONS, WHO ARE CONSUMERS OF AMERICAN HARDWOOD OR CYPRESS LUMBER, VENEER, PLYWOOD, OR RELATED PRODUCTS, ARE ELIGIBLE FOR MEMBERSHIP. SECTION 3. ORGANIZATIONS AND TRADE ASSOCIATIONS CONSISTING OF INDIVIDUALS, FIRMS OR CORPORATIONS WHO SUPPLY SERVICES, MATERIALS OR EQUIPMENT TO THE NORTH AMERICAN HARDWOOD INDUSTRY OR WHO ARE OWNERS OF AMERICAN HARDWOOD TIMBERLANDS PROVIDING THE BASIC RAW MATERIALS FOR THE INDUSTRY ARE ELIGIBLE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD EXERCISES THE POWERS OF THE FEDERATION, CONTROL ITS PROPERTY AND CONDUCTS ITS BUSINESS AND AFFAIRS THROUGH DULY ELECTED OFFICERS, EMPLOYEES AND AGENTS. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION OR TRADE ASSOCIATION WILL VOTE ON BEHALF OF THEIR MEMBERSHIP AND EACH SUCH ORGANIZATION OR TRADE ASSOCIATION WILL HAVE ONE (1) VOTE. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS APPROVED BY EXECUTIVE MANAGEMENT BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 BY WRITTEN REQUEST THE DOCUMENTS ARE MADE AVAILABLE FOR VIEWING. FORM 990, PART IX, LINE 11G CONSULTING 108,180.