Civic Intelligence

Hardware Group Association

EIN 36-3953316 • 501(c)6 • Maple Grove, MN

Profile

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.

15955 71st Place NMaple Grove, MN 55311

hardwaregroupassociation.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

50th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

17th percentile

-29%

Higher net margin than 17% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

38th percentile

-7.5%

Faster asset growth than 38% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2018 to 2021

Revenue Growth

71st percentile

15%

Faster revenue growth than 71% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2018 to 2021

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$227,889

Up $28,606 (+14%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$227,889

Up $28,606 (+14%) from 2024

Operations
Liabilities / Revenue50th percentileNet Margin17th percentile

Revenue

Up

$340,338

Up $5,963 (+1.8%) from 2024

Expenses

Up

$311,732

Up $29,042 (+10%) from 2024

Net Income

Down

$28,606

Down $23,079 (-45%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth38th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2015: $268,321Liabilities 2015: $0Net Assets 2015: $268,3212015Assets 2016: $261,089Liabilities 2016: $0Net Assets 2016: $261,0892016Assets 2017: $253,537Liabilities 2017: $0Net Assets 2017: $253,5372017Assets 2018: $216,969Liabilities 2018: $0Net Assets 2018: $216,9692018Assets 2019: $189,864Liabilities 2019: $0Net Assets 2019: $189,8642019Assets 2020: $224,561Liabilities 2020: $0Net Assets 2020: $224,5612020Assets 2021: $171,465Liabilities 2021: $0Net Assets 2021: $171,4652021Assets 2022: $122,965Liabilities 2022: $0Net Assets 2022: $122,9652022Assets 2023: $147,598Liabilities 2023: $0Net Assets 2023: $147,5982023Assets 2024: $199,283Liabilities 2024: $0Net Assets 2024: $199,2832024Assets 2025: $227,889Liabilities 2025: $0Net Assets 2025: $227,8892025

Highlighted filing

2025

Assets$227,889
Liabilities$0
Net Assets$227,889
Open 2025 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2015: $165,691Expenses 2015: $165,282Net Income 2015: $4092015Revenue 2016: $152,611Expenses 2016: $159,843Net Income 2016: -$7,2322016Revenue 2017: $106,445Expenses 2017: $113,997Net Income 2017: -$7,5522017Revenue 2018: $105,347Expenses 2018: $141,915Net Income 2018: -$36,5682018Revenue 2019: $129,328Expenses 2019: $156,433Net Income 2019: -$27,1052019Revenue 2020: $50,743Expenses 2020: $16,046Net Income 2020: $34,6972020Revenue 2021: $158,384Expenses 2021: $204,078Net Income 2021: -$45,6942021Revenue 2022: $239,560Expenses 2022: $288,060Net Income 2022: -$48,5002022Revenue 2023: $315,421Expenses 2023: $290,788Net Income 2023: $24,6332023Revenue 2024: $334,375Expenses 2024: $282,690Net Income 2024: $51,6852024Revenue 2025: $340,338Expenses 2025: $311,732Net Income 2025: $28,6062025

Highlighted filing

2025

Revenue$340,338
Expenses$311,732
Net Income$28,606
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$227,889
Liabilities
$0
Net assets
$227,889
Revenue
$340,338
Expenses
$311,732
Net income
$28,606
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.28$0.00$2.28$3.40$3.12$0.29
2024Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$3.34$2.83$0.52
2023Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$3.15$2.91$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$2.40$2.88$0.49
2021Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$1.58$2.04$0.46
2020Detailed filing. Detailed filing data is available for this year.$2.25$0.00$2.25$0.51$0.16$0.35
2019Detailed filing. Detailed filing data is available for this year.$1.90$0.00$1.90$1.29$1.56$0.27
2018Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$1.05$1.42$0.37
2017Detailed filing. Detailed filing data is available for this year.$2.54$0.00$2.54$1.06$1.14$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.61$0.00$2.61$1.53$1.60$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.68$0.00$2.68$1.66$1.65$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
May 15, 2026
Return Version
2025v4.0
Gross Receipts
$340,338
Mission and Program Overview

Mission

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

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$199,283$227,889▲ $28,606
Total Assets$199,283$227,889▲ $28,606
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$199,283$227,889▲ $28,606
Total Net Assets Fund Balance$199,283$227,889▲ $28,606
Total Liabilities and Net Assets / Fund Balance$199,283$227,889▲ $28,606
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
Steve DraegerManaging Director$12,000$12,000

Board Members and Trustees

NameTitle
Lou OleksyPresident
Andrew WalshDirector
Bill CassidyDirector
Bob CutterDirector
Craig CopeDirector
Dent JohnsonDirector
Derrick HouseDirector
Geff LynchDirector
Jason BlairDirector
Joelle CohnDirector
John SieggreenDirector
Jon DearmentDirector
Jon EasterDirector
Lisa TorrenceDirector
Mark YoungrenDirector
Matt CulverhouseDirector
Nates MilesDirector
Rick ClemenceDirector
Rod AboffDirector
Ron HughstonDirector
Scott ShowalterDirector
Sean MillerDirector
Steve HenryDirector
Steve SynnottDirector
Tj ColsonDirector
Vince BaroneDirector
Joasiah Gates1st Vice Pre
Boyden Moore2nd Vice Pre
Doyle WallaceImmediate Pa
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$334,350
Investment Income
$5,988
Other Revenue
$0
Change in Net Assets
$28,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$299,732
Salaries, Compensation, and Employee Benefits$12,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$255,390
Current Officers, Directors, Trustees, and Key Employees---$12,000
Travel---$5,577
Fees for Services Accounting---$4,871
Office Expenses---$3,959
Fees for Services Other---$3,000
Advertising---$942
Insurance---$824
Other Expenses---$249
Total Functional Expenses$0$0$0$311,732
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

“There is no committee with the authority to act on behalf of the governing body.”

Form 990, Page 6, Part VI, Line 11B

“The board is provided an electronic copy of form 990 before it is filed.”

Form 990, Page 6, Part VI, Line 19

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Hardware Group Association
EIN
36-3953316
Phone
7633707006
Address
15955 71ST PLACE N, MAPLE GROVE, MN 55311

Signing Officer

Name
Steve Draeger
Title
Managing Director
Phone
7633707006
Signed
2026-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Draeger
Formed
1927
Legal Domicile
Il
Voting Board Members
30
Independent Board Members
29
Employees
0
Volunteers
29

Preparer

Firm
Boyum & Barenscheer Pllp
Address
3050 METRO DR STE 200, MINNEAPOLIS, MN 55425-1547
Preparer
Anna Lovegren
Phone
9528544244
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IRS990/Form990PartVIISectionAGrp/TitleTxt0MANAGING DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1IMMEDIATE PA
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt31ST VICE PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt42ND VICE PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
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IRS990/MissionDesc0THE 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS NO COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD IS PROVIDED AN ELECTRONIC COPY OF FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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