Civic Intelligence

Natural Stone Institute

990 • Fiscal year 2014 • EIN 38-2817639

Jan 01, 2014 to Dec 31, 2014 • Filed on May 11, 2015

380 E Lorain Street No 100Oberlin, OH 44074

(440) 250-9222

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.30x

Higher debt load relative to assets than 63% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

70th percentile

0.35x

Higher debt load relative to revenue than 70% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

70th percentile

9.1%

Higher net margin than 70% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

60th percentile

$162,675

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

71st percentile

11%

Faster asset growth than 71% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

60th percentile

6.6%

Faster revenue growth than 60% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$2,234,772

Up $221,397 (+11%) from 2013

Net Assets

Up

$1,573,074

Up $217,126 (+16%) from 2013

Liabilities

Up

$661,698

Up $4,271 (+0.6%) from 2013

Revenue

Up

$1,864,257

Up $115,653 (+6.6%) from 2013

Expenses

Up

$1,695,073

Up $65,472 (+4.0%) from 2013

Net Income

Up

$169,184

Up $50,181 (+42%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $2,010,460Liabilities 2010: $616,665Net Assets 2010: $1,393,7952010Assets 2011: $1,932,081Liabilities 2011: $584,035Net Assets 2011: $1,348,0462011Assets 2012: $1,791,380Liabilities 2012: $572,822Net Assets 2012: $1,218,5582012Assets 2013: $2,013,375Liabilities 2013: $657,427Net Assets 2013: $1,355,9482013Assets 2014: $2,234,772Liabilities 2014: $661,698Net Assets 2014: $1,573,0742014Assets 2015: $2,655,096Liabilities 2015: $671,169Net Assets 2015: $1,983,9272015Assets 2016: $2,553,380Liabilities 2016: $644,836Net Assets 2016: $1,908,5442016Assets 2017: $2,928,696Liabilities 2017: $877,032Net Assets 2017: $2,051,6642017Assets 2018: $2,643,796Liabilities 2018: $782,563Net Assets 2018: $1,861,2332018Assets 2019: $3,011,163Liabilities 2019: $917,723Net Assets 2019: $2,093,4402019Assets 2020: $3,520,874Liabilities 2020: $1,234,695Net Assets 2020: $2,286,1792020Assets 2021: $4,154,749Liabilities 2021: $1,349,550Net Assets 2021: $2,805,1992021Assets 2022: $3,618,705Liabilities 2022: $913,268Net Assets 2022: $2,705,4372022Assets 2023: $4,199,896Liabilities 2023: $1,141,344Net Assets 2023: $3,058,5522023Assets 2024: $4,338,344Liabilities 2024: $953,160Net Assets 2024: $3,385,1842024

Highlighted filing

2014

Assets$2,234,772
Liabilities$661,698
Net Assets$1,573,074

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $1,558,4502010Expenses 2011: $1,600,4932011Expenses 2012: $1,937,3322012Revenue 2013: $1,748,604Expenses 2013: $1,629,601Net Income 2013: $119,0032013Revenue 2014: $1,864,257Expenses 2014: $1,695,073Net Income 2014: $169,1842014Revenue 2015: $2,327,197Expenses 2015: $1,867,881Net Income 2015: $459,3162015Revenue 2016: $2,205,090Expenses 2016: $2,360,927Net Income 2016: -$155,8372016Revenue 2017: $2,566,656Expenses 2017: $2,564,729Net Income 2017: $1,9272017Revenue 2018: $3,142,703Expenses 2018: $3,229,555Net Income 2018: -$86,8522018Revenue 2019: $2,802,462Expenses 2019: $2,851,385Net Income 2019: -$48,9232019Revenue 2020: $2,495,042Expenses 2020: $2,433,540Net Income 2020: $61,5022020Revenue 2021: $2,903,068Expenses 2021: $2,547,718Net Income 2021: $355,3502021Revenue 2022: $3,312,010Expenses 2022: $3,039,204Net Income 2022: $272,8062022Revenue 2023: $3,380,681Expenses 2023: $3,351,307Net Income 2023: $29,3742023Revenue 2024: $3,921,514Expenses 2024: $3,918,305Net Income 2024: $3,2092024

Highlighted filing

2014

Revenue$1,864,257
Expenses$1,695,073
Net Income$169,184
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 11, 2015
Return Version
2014v5.0
Gross Receipts
$2,137,550
Mission and Program Overview

Mission

The natural stone institute's mission statement is: to lead, support, and promote a unified natural stone industry through authoritive information, education, standards, and advocacy. Additionally, it's core values include leadership, stewardship, collaboration, and professionalism.the natural stone institute (nsi) was formed in 2018 as a merger of the marble institute of america (mia) and the building stone institute (bsi). The building stone institute was formed in 1894 as the international cut stone contractors and quarrymen's association; the name was changed to the building stone institute in 1955. Established in 1903 as the national association of marble dealers, the marble institute of america officially formed in 1944, when the association merged with the national association of marble producers. In 1962, the national association of marble builders merged with marble institute of america.

See schedule o for complete description.the mission of the marble institute of america is to serve and support the dimensional natural stone industry by providing an array of services, products, and authoritative information important to, and valued by, industry members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities-$1,611,531-
Cash and Non-Interest-Bearing Accounts$488,005$457,213▼ $30,792
Land, Buildings, and Equipment, Net$52,990$60,231▲ $7,241
Savings and Temporary Cash Investments$1,394,885$57,020▼ $1,337,865
Prepaid Expenses and Deferred Charges$67,033$47,337▼ $19,696
Total Assets$2,013,375$2,234,772▲ $221,397
Other Assets Total$10,462$1,440▼ $9,022
Liabilities
Deferred Revenue$452,169$579,278▲ $127,109
Accounts Payable and Accrued Expenses$205,258$82,420▼ $122,838
Total Liabilities$657,427$661,698▲ $4,271
Net Assets / Fund Balance
Unrestricted Net Assets$1,346,819$1,565,140▲ $218,321
Temporarily Rstr Net Assets$9,129$7,934▼ $1,195
Total Net Assets Fund Balance$1,355,948$1,573,074▲ $217,126
Total Liabilities and Net Assets / Fund Balance$2,013,375$2,234,772▲ $221,397

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$31,069$109,539$140,608
Other Land Buildings$11,218$74,239$85,457
Leasehold Improvements$17,944$1,056$19,000
Other Securities$337,259--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James HiebExecutive Vice PresidentFT$150,490$12,185$162,675

Board Members and Trustees

NameTitle
Jonathan ZangerPast President
Tony MalisaniPresident
Dan ReaVice President
Arik GrebelskyDirector
Brenda EdwardsDirector
Claus F LarsenDirector
David CarnevaleDirector
Jesus Gonzalez IvDirector
Michael P SchloughDirector
Patrick PerusDirector
Robert ZavagnoDirector
David CastellucciSecretary
Jon LanctoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,819,837
Investment Income
$44,420
Other Revenue
$0
Change in Net Assets
$169,184

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,865,144
Revenue Not Reported on Financial Statements
$-887
Revenue Not Reported on Form 990
$47,942
Other Revenue Adjustments
$-13,911
Total Revenue per Audited Statements
$1,913,086
Total Revenue per Form 990
$1,864,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,027,298
Salaries, Compensation, and Employee Benefits$667,775
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$402,573
All Other Expenses---$251,504
Conferences and Meetings---$244,305
Current Officers, Directors, Trustees, and Key Employees---$162,675
Office Expenses---$87,965
Other Expenses---$48,492
Payroll Taxes---$44,855
Other Employee Benefits---$42,981
Occupancy---$37,847
Depreciation Depletion---$33,415
Travel---$26,656
Information Technology---$18,060
Pension Plan Contributions---$14,691
Fees for Service Investment Mgmnt Fees---$13,024
Insurance---$10,041
Fees for Services Accounting---$9,100
Advertising---$7,631
Fees for Services Legal---$6,507
Fees for Services Other---$1,649
Total Functional Expenses$0$0$0$1,695,073

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,695,073
Expenses per Audited Statements$1,682,049
Total Expenses per Audited Statements$1,682,049
Expenses Not Reported on Financial Statements$13,024
Expenses Not Reported on Form 990$0
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 is prepared by the organization's auditor. Management completes a comprehensive checklist providing answers to questions throughout this form. The information is compiled and input into the appropriate 990 forms, at which time the preparer meets with management to review the input. After management approval of a draft copy of the 990 is emailed to all board members for their preliminary review. The board then discusses both the form 990 and the audited financial statements and approves both at the annual meeting.

Form 990, Part VI, Section B, Line 12C

The board of directors annually reviews and discusses conflicts of interest during the annual meeting. Furthermore, the executive vice president periodically reviews and discusses the policy with employees to review for conflicts.

Form 990, Part VI, Section B, Line 15

The executive vice president's compensation is determined annually by the board of directors based upon past performance, comparison to industry data and communicated and agreed upon with him through an annual contract which is signed by both a board representative and the executive vice president. The executive vice president has the authority to set the compensation for others within the organization. Except for the executive vice president, the organization had no other highly compensated employees or board members in 2014.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents avaialble to new members and the general public by request. The documents can be reviewed in the organization's office or mailed to interested parties.

Filing and Contact Details

Filer

Filer Name
Marble Institute of America Inc
EIN
38-2817639
Phone
4402509222
Address
380 E LORAIN STREET NO 100, OBERLIN, OH 44074

Signing Officer

Name
James Hieb
Title
Executive Vice President
Phone
4402509222
Signed
2015-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Hieb
Formed
1988
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
9
Volunteers
50

Preparer

Firm
Barnes Wendling Cpas Inc
Address
5050 WATERFORD DRIVE, SHEFFIELD VILLAGE, OH 44035
Preparer
Robert G Zunich CPA Abv
Phone
4409343850
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Mia chapters the mia board of directors directed the staff to create and establish local chapters. A local chapter is an extension of the mia with a major emphasis on education and networking. The mia has expanded the program to 3 chapters in 2014. They anticipate opening one additional chapter in 2015. Worker occupational safety in 2014 the mia published two new studies about the impact of radon and radiation. Both reports validated that granite is safe.

Form 990, Part III, Line 4D

Accreditation program mia accreditation for natural stone fabricators and commercial contractors recognizes those companies that meet the industry's highest standards for business activities, product knowledge, fabrication and installation. To earn mia accreditation, a company must complete an intensive, rigorous process that includes documentation of its business and employment practices, letters of recommendation, a written examination and site visits to the facility and completed jobs. Advertising the mia continues to advertise on behalf of the natural stone industry in publications catering to designers and architects. This outreach is crucial to our mission of promoting the use of natural stone and to exposing the design community to mia member companies. Education: continuing education program (ceu) for architects and designers continued to be a ceu provider for the american institute of architects, national kitchen & bath association, american society of interior designers (asid), interior designers of canada (idc), interior design educators council (idec), international interior design association (iida), the landscape architecture continuing education system (la ces) which is a collaboration of: the american society of landscape architects (asla), canadian society of landscape architects (csla), council of educators in landscape architecture (cela), council of landscape architectural registration boards (clarb), landscape architectural accreditation board (laab), and landscape architecture foundation (laf). In 2004, mia introduced the concept of mia members (through a 'train the trainer' program), providing training to architects using mia's powerpoints and the mia's aia ceu provider status. Major promotion and training was continued in 2014. Education mia partners with stoneworld magazine to provide regional education the mia again combined forces with stone world magazine to deliver a series of regional education programs for the stone industry. This program offered seminars throughout the us and focused on: analyzing the cost of doing business; exploring alternative product lines and services; showcasing techniques and tips for templating, fabrication and installation; sharing management tips that drive successful stone companies and much more. Endorsed partner program mia members are encouraged to take advantage of an array of value-added business services. The mia's member-friendly, cost-saving business services include collections services, freight & small package shipping, credit card processing, office supplies, lead referrals, and utilities. Ipad applications the mia updated one ipad application in 2014 to promote the use of natural stone to architects and designers: the stones of north america app displays stones in vivid color and offers an array of dynamic capabilities and valuable content for stone selection and use. Users can explore natural stones by type, color, intended use, location, and distance from a project. The third version of this app was released. Migliori award for lifetime achievement the migliori award was established in 2003 to recognize an individual (on a yearly basis) who has made extraordinary contributions to the natural stone industry and the mia. The award is named for mia's long-time technical director, the late vincent r. Migliore, who was its first recipient. Award winners are chosen by the mia board of directors from nominations submitted by the mia membership. In 2014, the award was presented, to jeff matthews, trade international. Mia natural stone scholarship this scholarship was established in 2004 to provide educational opportunities for aspiring fabricators, installers, or administrative apprentices interested in furthering their careers within the natural stone industry. Funds are made available through the generous donations of mia members worldwide. Applications are reviewed by a committee of the mia board of directors, mia staff, and industry veterans. The scholarship

Form 990, Part IX, Line 24E

Awards 45,712. Postage and shipping 41,692. Independent contractors 33,735. Bank charges 26,834. Miscellaneous 22,450. Job inspections and consulting 19,575. Electronic media production 19,435. Long range planning 14,405. Coverings cosponsorship 8,128. Public relations 6,500. Natural stone council 5,500. Chapter expense 4,842. Truth about granite campaign 2,696.

FORM 990, PART XII, LINE 2C:

The organization's annual audit is performed by the independent auditor, reviewed internally with management during a draft meeting, then emailed to the board of directors for their review and questions. The board of directors votes to accept the audit at the organization's mid-year board of directors meeting.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income taxes under internal revenue code section 501(c) (6) and therefore has made no provision for federal income taxes in the accompanying financial statements. The organization is no longer subject to tax examinations for tax years before 2011 by taxing authorities in jurisdictions where the organization has filed returns. The organization evaluates at each balance sheet date uncertain tax positions taken, if any, to determine the need to record liabilities for taxes, penalties, and interest. The organization's policy is to record interest and penalties on uncertain tax provisions as income tax expense. As of december 31, 2014 and 2013, the organization had no accrued taxes, interest or penalties related to uncertain tax positions. The organization estimates the unrecognized tax benefit will not change significantly within the next twelve months.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on sale of asset -13,911.

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IRS990/ActivityOrMissionDesc0SEE SCHEDULE O FOR COMPLETE DESCRIPTION.THE MISSION OF THE MARBLE INSTITUTE OF AMERICA IS TO SERVE AND SUPPORT THE DIMENSIONAL NATURAL STONE INDUSTRY BY PROVIDING AN ARRAY OF SERVICES, PRODUCTS, AND AUTHORITATIVE INFORMATION IMPORTANT TO, AND VALUED BY, INDUSTRY MEMBERS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE VICE PRESIDENT
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IRS990/MissionDesc0THE MISSION OF THE MARBLE INSTITUTE OF AMERICA IS TO SERVE AND SUPPORT THE DIMENSIONAL NATURAL STONE INDUSTRY BY PROVIDING AN ARRAY OF SERVICES, PRODUCTS, AND AUTHORITATIVE INFORMATION IMPORTANT TO, AND VALUED BY, INDUSTRY MEMBERS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0ELECTRONIC MEDIA AND PUBLICATIONS:THE ORGANIZATION PROVIDES A VARIETY OF PRINT AND ELECTRONIC PUBLICATION, INCLUDING NEWSLETTERS AND A COLOR PLATE BOOK WHICH CONTAINS INFORMATION ON STONES AVAILABE FOR ITS MEMBERS. THE ORGANIZATION ALSO PROVIDES THE DIMENSION STONE DESIGN MANUAL THAT CONTAINS CONSTRUCTION, FACTS AND DETAILS ALONG WITH PRODUCT DESCRIPTIONS AND TECHNICAL DATA. THE ORGANIZATION ALSO PRODUCES A CONSUMER MAGAZAINE, CONSUMER BROCHURES, AS WELL AS VIDEO TRAINING AND EDUCATION PRODUCTS.
IRS990/ProgSrvcAccomActy3Grp/Desc0PROMOTION OUTREACH (TRADE ADVERTISING AND TRADESHOW PARTICIPATION):MIA ADVERTISES REGULARLY TO PROMOTE THE ATTRIBUTES OF, AND THE USE OF, NATURAL STONE TO ARCHITECTS, DESIGNERS, AND KITCHEN & BATH DEALERS. THE ASSOCIATION ALSO EXHIBITS AT SEVERAL TRADESHOWS IN THE U.S. AND INTERNATIONALLY BOTH PROMOTING THE USE NATURAL STONE AS WELL AS PROMOTING THE TECHNICAL STANDARDS PROMULGATED BY THE MIA
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1131291
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2813076
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3337259
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CLOSED END EQUITY MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1US GOVERNMENT AGENCIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CORPORATE AND FOREIGN BONDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3COMMON EQUITY SECURITIES
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-887
IRS990ScheduleD/RevenueSubtotalAmt01865144
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C) (6) AND THEREFORE HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR TAX YEARS BEFORE 2011 BY TAXING AUTHORITIES IN JURISDICTIONS WHERE THE ORGANIZATION HAS FILED RETURNS. THE ORGANIZATION EVALUATES AT EACH BALANCE SHEET DATE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, TO DETERMINE THE NEED TO RECORD LIABILITIES FOR TAXES, PENALTIES, AND INTEREST. THE ORGANIZATION'S POLICY IS TO RECORD INTEREST AND PENALTIES ON UNCERTAIN TAX PROVISIONS AS INCOME TAX EXPENSE. AS OF DECEMBER 31, 2014 AND 2013, THE ORGANIZATION HAD NO ACCRUED TAXES, INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION ESTIMATES THE UNRECOGNIZED TAX BENEFIT WILL NOT CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON SALE OF ASSET -13,911.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES HIEB
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0162675
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE VICE PRESIDENT'S COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND AGREED UPON IN A WRITTEN CONTRACT. THE EXECUTIVE VICE PRESIDENT HAS FUNDS AT HIS DISPOSAL FOR BUSINESS PURPOSES BUT ALL SPENDING MUST INCLUDE A BUSINESS PURPOSE AND BE SUBSTANTIATED BY PROPER DOCUMENTATION AND RECEIPTS.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE VICE PRESIDENT IS ELIGIBLE FOR CONTINGENT COMPENSATION BASED ON PREDETERMINED BENCHMARKS REGARDING NEW MEMBERSHIP, MEMBERSHIP RETENTION AND GROSS REVENUE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1A
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 5
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IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MIA CHAPTERS THE MIA BOARD OF DIRECTORS DIRECTED THE STAFF TO CREATE AND ESTABLISH LOCAL CHAPTERS. A LOCAL CHAPTER IS AN EXTENSION OF THE MIA WITH A MAJOR EMPHASIS ON EDUCATION AND NETWORKING. THE MIA HAS EXPANDED THE PROGRAM TO 3 CHAPTERS IN 2014. THEY ANTICIPATE OPENING ONE ADDITIONAL CHAPTER IN 2015. WORKER OCCUPATIONAL SAFETY IN 2014 THE MIA PUBLISHED TWO NEW STUDIES ABOUT THE IMPACT OF RADON AND RADIATION. BOTH REPORTS VALIDATED THAT GRANITE IS SAFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCREDITATION PROGRAM MIA ACCREDITATION FOR NATURAL STONE FABRICATORS AND COMMERCIAL CONTRACTORS RECOGNIZES THOSE COMPANIES THAT MEET THE INDUSTRY'S HIGHEST STANDARDS FOR BUSINESS ACTIVITIES, PRODUCT KNOWLEDGE, FABRICATION AND INSTALLATION. TO EARN MIA ACCREDITATION, A COMPANY MUST COMPLETE AN INTENSIVE, RIGOROUS PROCESS THAT INCLUDES DOCUMENTATION OF ITS BUSINESS AND EMPLOYMENT PRACTICES, LETTERS OF RECOMMENDATION, A WRITTEN EXAMINATION AND SITE VISITS TO THE FACILITY AND COMPLETED JOBS. ADVERTISING THE MIA CONTINUES TO ADVERTISE ON BEHALF OF THE NATURAL STONE INDUSTRY IN PUBLICATIONS CATERING TO DESIGNERS AND ARCHITECTS. THIS OUTREACH IS CRUCIAL TO OUR MISSION OF PROMOTING THE USE OF NATURAL STONE AND TO EXPOSING THE DESIGN COMMUNITY TO MIA MEMBER COMPANIES. EDUCATION: CONTINUING EDUCATION PROGRAM (CEU) FOR ARCHITECTS AND DESIGNERS CONTINUED TO BE A CEU PROVIDER FOR THE AMERICAN INSTITUTE OF ARCHITECTS, NATIONAL KITCHEN & BATH ASSOCIATION, AMERICAN SOCIETY OF INTERIOR DESIGNERS (ASID), INTERIOR DESIGNERS OF CANADA (IDC), INTERIOR DESIGN EDUCATORS COUNCIL (IDEC), INTERNATIONAL INTERIOR DESIGN ASSOCIATION (IIDA), THE LANDSCAPE ARCHITECTURE CONTINUING EDUCATION SYSTEM (LA CES) WHICH IS A COLLABORATION OF: THE AMERICAN SOCIETY OF LANDSCAPE ARCHITECTS (ASLA), CANADIAN SOCIETY OF LANDSCAPE ARCHITECTS (CSLA), COUNCIL OF EDUCATORS IN LANDSCAPE ARCHITECTURE (CELA), COUNCIL OF LANDSCAPE ARCHITECTURAL REGISTRATION BOARDS (CLARB), LANDSCAPE ARCHITECTURAL ACCREDITATION BOARD (LAAB), AND LANDSCAPE ARCHITECTURE FOUNDATION (LAF). IN 2004, MIA INTRODUCED THE CONCEPT OF MIA MEMBERS (THROUGH A 'TRAIN THE TRAINER' PROGRAM), PROVIDING TRAINING TO ARCHITECTS USING MIA'S POWERPOINTS AND THE MIA'S AIA CEU PROVIDER STATUS. MAJOR PROMOTION AND TRAINING WAS CONTINUED IN 2014. EDUCATION MIA PARTNERS WITH STONEWORLD MAGAZINE TO PROVIDE REGIONAL EDUCATION THE MIA AGAIN COMBINED FORCES WITH STONE WORLD MAGAZINE TO DELIVER A SERIES OF REGIONAL EDUCATION PROGRAMS FOR THE STONE INDUSTRY. THIS PROGRAM OFFERED SEMINARS THROUGHOUT THE US AND FOCUSED ON: ANALYZING THE COST OF DOING BUSINESS; EXPLORING ALTERNATIVE PRODUCT LINES AND SERVICES; SHOWCASING TECHNIQUES AND TIPS FOR TEMPLATING, FABRICATION AND INSTALLATION; SHARING MANAGEMENT TIPS THAT DRIVE SUCCESSFUL STONE COMPANIES AND MUCH MORE. ENDORSED PARTNER PROGRAM MIA MEMBERS ARE ENCOURAGED TO TAKE ADVANTAGE OF AN ARRAY OF VALUE-ADDED BUSINESS SERVICES. THE MIA'S MEMBER-FRIENDLY, COST-SAVING BUSINESS SERVICES INCLUDE COLLECTIONS SERVICES, FREIGHT & SMALL PACKAGE SHIPPING, CREDIT CARD PROCESSING, OFFICE SUPPLIES, LEAD REFERRALS, AND UTILITIES. IPAD APPLICATIONS THE MIA UPDATED ONE IPAD APPLICATION IN 2014 TO PROMOTE THE USE OF NATURAL STONE TO ARCHITECTS AND DESIGNERS: THE STONES OF NORTH AMERICA APP DISPLAYS STONES IN VIVID COLOR AND OFFERS AN ARRAY OF DYNAMIC CAPABILITIES AND VALUABLE CONTENT FOR STONE SELECTION AND USE. USERS CAN EXPLORE NATURAL STONES BY TYPE, COLOR, INTENDED USE, LOCATION, AND DISTANCE FROM A PROJECT. THE THIRD VERSION OF THIS APP WAS RELEASED. MIGLIORI AWARD FOR LIFETIME ACHIEVEMENT THE MIGLIORI AWARD WAS ESTABLISHED IN 2003 TO RECOGNIZE AN INDIVIDUAL (ON A YEARLY BASIS) WHO HAS MADE EXTRAORDINARY CONTRIBUTIONS TO THE NATURAL STONE INDUSTRY AND THE MIA. THE AWARD IS NAMED FOR MIA'S LONG-TIME TECHNICAL DIRECTOR, THE LATE VINCENT R. MIGLIORE, WHO WAS ITS FIRST RECIPIENT. AWARD WINNERS ARE CHOSEN BY THE MIA BOARD OF DIRECTORS FROM NOMINATIONS SUBMITTED BY THE MIA MEMBERSHIP. IN 2014, THE AWARD WAS PRESENTED, TO JEFF MATTHEWS, TRADE INTERNATIONAL. MIA NATURAL STONE SCHOLARSHIP THIS SCHOLARSHIP WAS ESTABLISHED IN 2004 TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR ASPIRING FABRICATORS, INSTALLERS, OR ADMINISTRATIVE APPRENTICES INTERESTED IN FURTHERING THEIR CAREERS WITHIN THE NATURAL STONE INDUSTRY. FUNDS ARE MADE AVAILABLE THROUGH THE GENEROUS DONATIONS OF MIA MEMBERS WORLDWIDE. APPLICATIONS ARE REVIEWED BY A COMMITTEE OF THE MIA BOARD OF DIRECTORS, MIA STAFF, AND INDUSTRY VETERANS. THE SCHOLARSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY THE ORGANIZATION'S AUDITOR. MANAGEMENT COMPLETES A COMPREHENSIVE CHECKLIST PROVIDING ANSWERS TO QUESTIONS THROUGHOUT THIS FORM. THE INFORMATION IS COMPILED AND INPUT INTO THE APPROPRIATE 990 FORMS, AT WHICH TIME THE PREPARER MEETS WITH MANAGEMENT TO REVIEW THE INPUT. AFTER MANAGEMENT APPROVAL OF A DRAFT COPY OF THE 990 IS EMAILED TO ALL BOARD MEMBERS FOR THEIR PRELIMINARY REVIEW. THE BOARD THEN DISCUSSES BOTH THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS AND APPROVES BOTH AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND DISCUSSES CONFLICTS OF INTEREST DURING THE ANNUAL MEETING. FURTHERMORE, THE EXECUTIVE VICE PRESIDENT PERIODICALLY REVIEWS AND DISCUSSES THE POLICY WITH EMPLOYEES TO REVIEW FOR CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE VICE PRESIDENT'S COMPENSATION IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS BASED UPON PAST PERFORMANCE, COMPARISON TO INDUSTRY DATA AND COMMUNICATED AND AGREED UPON WITH HIM THROUGH AN ANNUAL CONTRACT WHICH IS SIGNED BY BOTH A BOARD REPRESENTATIVE AND THE EXECUTIVE VICE PRESIDENT. THE EXECUTIVE VICE PRESIDENT HAS THE AUTHORITY TO SET THE COMPENSATION FOR OTHERS WITHIN THE ORGANIZATION. EXCEPT FOR THE EXECUTIVE VICE PRESIDENT, THE ORGANIZATION HAD NO OTHER HIGHLY COMPENSATED EMPLOYEES OR BOARD MEMBERS IN 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAIALBLE TO NEW MEMBERS AND THE GENERAL PUBLIC BY REQUEST. THE DOCUMENTS CAN BE REVIEWED IN THE ORGANIZATION'S OFFICE OR MAILED TO INTERESTED PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AWARDS 45,712. POSTAGE AND SHIPPING 41,692. INDEPENDENT CONTRACTORS 33,735. BANK CHARGES 26,834. MISCELLANEOUS 22,450. JOB INSPECTIONS AND CONSULTING 19,575. ELECTRONIC MEDIA PRODUCTION 19,435. LONG RANGE PLANNING 14,405. COVERINGS COSPONSORSHIP 8,128. PUBLIC RELATIONS 6,500. NATURAL STONE COUNCIL 5,500. CHAPTER EXPENSE 4,842. TRUTH ABOUT GRANITE CAMPAIGN 2,696.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION'S ANNUAL AUDIT IS PERFORMED BY THE INDEPENDENT AUDITOR, REVIEWED INTERNALLY WITH MANAGEMENT DURING A DRAFT MEETING, THEN EMAILED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND QUESTIONS. THE BOARD OF DIRECTORS VOTES TO ACCEPT THE AUDIT AT THE ORGANIZATION'S MID-YEAR BOARD OF DIRECTORS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.34$0.95$3.39$3.92$3.92$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.20$1.14$3.06$3.38$3.35$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.62$0.91$2.71$3.31$3.04$0.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.15$1.35$2.81$2.90$2.55$0.36
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.52$1.23$2.29$2.50$2.43$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$0.92$2.09$2.80$2.85$0.05
2018Summary only. Only limited summary data is available for this year.$2.64$0.78$1.86$3.14$3.23$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.93$0.88$2.05$2.57$2.56$0.00
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.64$1.91$2.21$2.36$0.16
2015Detailed filing. Detailed filing data is available for this year.$2.66$0.67$1.98$2.33$1.87$0.46
2014Detailed filing. Detailed filing data is available for this year.$2.23$0.66$1.57$1.86$1.70$0.17
2013Detailed filing. Detailed filing data is available for this year.$2.01$0.66$1.36$1.75$1.63$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.57$1.22$1.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.58$1.35$1.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$0.62$1.39$1.56