2011-08-15T15:21:32-05:00 2010-12-31 DORFMAN ABRAMS MUSIC LLC 250 PEHLE AVE SUITE 702 SADDLE BROOK NJ 07663 990 2010-01-01 131496862 CRAFT AND HOBBY ASSOCIATION CRAF 2018351200 319 EAST 54TH STREET ELMWOOD PARK NJ 07407 ANTHONY LEE 2018351200 2011-07-26 1 ANDREW SILVERSTEIN CPA 2014039750 2010 2016-02-24 21:20:13Z ANTHONY LEE 319 EAST 54TH STREET ELMWOOD PARK NJ 07407 7206190 0 X WWW.CRAFTANDHOBBY.ORG X 1955 IL TO STIMULATE THE SALES GROWTH OF THE CRAFT AND HOBBY INDUSTRY WORLDWIDE 16 16 27 0 44198 -8122 0 0 7132424 6935220 163173 105970 0 165000 7295597 7206190 0 0 0 0 3127685 2758665 0 0 0 4632378 4243881 7760063 7002546 -464466 203644 6952840 6894230 4876855 4571011 2075985 2323219 THE ASSOCIATION EXISTS TO CREATE AN ENVIRONMENT THAT SUPPORTS AND PROMOTES ITS MEMBERS' FINANCIAL SUCCESS. ITS GOAL IS TO STIMULATE THE SALES GROWTH OF THE CRAFT AND HOBBY INDUSTRY WORLDWIDE BY CREATING CONSUMER DEMAND, HELPING MEMBERS SUCCEED AND LEADING THE INDUSTRY. 0 0 WINTER AND SUMMER TRADE SHOWS - ORGANIZE, PROMOTE AND HOLD MAJOR EVENTS THAT PROMOTE THE CRAFT AND HOBBY INDUSTRY GROWTH THROUGH WINTER AND SUMMER TRADE SHOWS, WHICH HOST OVER 11,000 PEOPLE FROM AROUND THE GLOBE. EDUCATIONAL PROGRAMS FOR MEMBERS AND ATTENDEES AT THE TRADE SHOWS - PROVIDE EDUCATIONAL PROGRAMS AND NETWORKING OPPORTUNITIES FOR OUR MEMBERS AND TRADE SHOW ATTENDEES THAT ENHANCE THEIR KNOWLEDGE AND SKILLS NECESSARY FOR SUCCESS IN THE CRAFTS INDUSTRY. PUBLIC RELATIONS EFFORTS TO PROMOTE INTEREST IN THE CRAFT INDUSTRY - PROMOTE THE INTEREST IN THE CRAFT INDUSTRY THROUGH SPONSORSHIP OF CONSUMER EVENTS AS WELL AS PROVIDING TOOLS TO RETAIL MEMBERS DURING NATIONAL CRAFT MONTH AND CELEBRATE THE SEASONS. 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 68 0 27 1 1 1 0 0 0 0 0 1 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X NATALIE COHN VP-FINANCE AND ADMIN 2018351208 319 EAST 54TH STREET ELMWOOD PARK NJ 07407 LINDA AUGSBURG 5.00 X 0 0 0 MICHAEL BIRKHOLM 10.00 X X 0 0 0 MAUREEN RUTH 5.00 X 0 0 0 GEORGEANNE BENDER 5.00 X 0 0 0 MARK HILL 5.00 X 0 0 0 MARK PETERS 10.00 X X 0 0 0 MICHAEL MCCOOEY 10.00 X X 0 0 0 LARRY OLLIGES 10.00 X X 0 0 0 JOHN LAURIE 5.00 X 0 0 0 ROBERT BOSTICK 5.00 X 0 0 0 DAVID MURRAY 5.00 X 0 0 0 CHUCK MCGONIGLE 5.00 X 0 0 0 SARA DAVIES 5.00 X 0 0 0 KIM DONAHUE 5.00 X 0 0 0 EMMA GEBO 5.00 X 0 0 0 JULIE STEPHANI 5.00 X 0 0 0 STEVEN Z BERGER 40.00 X X 401695 0 41028 NATALIE COHN 40.00 X X 138627 0 20118 ANTHONY LEE 40.00 X 186218 0 22714 SANDRA GHEZZI 40.00 X 192375 0 32972 918915 0 116832 4 0 1 0 GES 7050 LINDELL RD LAS VEGAS NV 89118 EXPOSITION SERVICES 310971 EXPOLOGIC 820 PARK WAY BROOMALL PA 19008 REGISTRATION SYSTEMS AND SUPPORT 297813 IPSOS PO BOX 36076 NEWARK NJ 07188 MARKET RESEARCH 294250 PATERSON BACH 2600 MAITLAND CTR PKWY 360 MAITLAND FL 32751 ADVERTISEMENT AND PUBLIC RELATIONS AGE 184277 KUSHNER & ASSOCIATES 3444 CLOUDCROFT DRIVE MALIBU CA 90265 SHUTTLE SERVICE 138970 10 TRADE & CONSUMER SHOW 900099 5576312 5576312 MEMBERSHIP 900099 1091235 1091235 EDUCATION 900099 217128 217128 AFFINITY PROGRAMS 541800 43995 43995 MISCELLANEOUS 900099 4347 4347 2203 2000 203 6935220 105970 105970 OTHER REVENUE 900099 165000 165000 165000 7206190 7056022 44198 105970 1036408 1401822 26665 123380 170390 67485 32104 98 546111 319871 24977 188722 354097 8613 204317 48176 EXHIBIT EXPENSES 1107016 RESEARCH 313927 PRINTING EXPENSE 295988 CREDIT CARD AND BANK FE 158915 EQUIPMENT AND FURNITURE 133332 440132 7002546 121 106 1776790 1725838 30801 34841 1260480 824320 2127182 1424486 839936 702696 3038512 3586046 2160 24423 6952840 6894230 795298 598274 4081557 3972737 4876855 4571011 X 2075985 2171884 151335 2075985 2323219 6952840 6894230 X 203644 43590 X X 0 1 1 X 0 0 1 0 23500 23500 263591 259497 4094 658846 168713 490133 1181245 996276 184969 702696 CERTIFICATES OF DEPOSIT 3586046 F 3586046 7206190 7002546 203644 43590 43590 247234 7249780 43590 43590 7206190 0 7206190 7002546 0 7002546 0 7002546 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION ADOPTED THE UNCERTAINTY IN INCOME TAXES GUIDANCE AS DESCRIBED IN THE CODIFICATION ON JANUARY 1, 2009. THE ADOPTION OF THAT GUIDANCE RESULTED IN NO CHANGE TO FINANCIAL STATEMENTS OF PRIOR PERIODS. AS OF DECEMBER 31, 2010, MANAGEMENT BELIEVES THAT BASED ON EVALUATION OF THE ASSOCIATIONS TAX POSITIONS THAT ANY ADDITIONAL LIABILITY AS A RESULT OF UNCERTAIN TAX POSITIONS WOULD NOT BE MATERIAL. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS TO ASSIST IN EVALUATING THE ASSOCIATIONS TAX POSITIONS. ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY, WOULD BE RECOGNIZED AS PART OF THE INCOME TAX PROVISION. INCOME TAX RETURNS ARE FILED IN THE U.S. FEDERAL JURISDICTION AND STATE JURISDICTIONS. U.S. FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2007 ARE CLOSED. NORTH AMERICA TO DEVELOP AND ADVANCE THE CANADIAN CRAFT AND HOBBY INDUSTRY. TO INCREASE CANADIAN MEMBERSHIP. 14000 0 0 0 14000 0 14000 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: A FULL TIME CONSULTANT IS ASSIGNED TO CANADA AND IS RESPONSIBLE FOR INCREASING MEMBERSHIP IN THAT COUNTRY. X X X 1 1 X X X X X X 0 0 0 STEVEN Z BERGER 401695 0 0 0 0 0 0 0 41028 0 442723 0 0 0 NATALIE COHN 138627 0 0 0 0 0 0 0 20118 0 158745 0 0 0 ANTHONY LEE 186218 0 0 0 0 0 0 0 22714 0 208932 0 0 0 SANDRA GHEZZI 192375 0 0 0 0 0 0 0 32972 0 225347 0 0 0 SUPPLEMENTAL INFORMATION PART III PART I, LINE 1A: TRAVEL IS PROVIDED BY THE ASSOCIATION FOR THE SPOUSE OF THE CEO. THE SPOUSE PROVIDES ADMINISTRATION AND MARKETING SUPPORT TO THE ASSOCIATION DURING TRADE SHOWS AND CONFERENCE EVENTS. SUBSTANTIATION IS REQUIRED BEFORE THE PAYMENT OF ANY REIMBURSEMENTS. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS RELATING TO CEO INSURANCE POLICIES ARE INCLUDED IN CEO COMPENSATION. CEO RECEIVES DISCRETIONARY CAR ALLOWANCE. THIS ALLOWANCE IS INCLUDED IN CEO COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION MEMBERSHIP SHALL BE OPEN TO ANY PERSON ENGAGED IN THE CRAFT AND HOBBY INDUSTRY. THE MEMBERSHIP SHALL CONSIST OF THE FOLLOWING CATEGORIES: RETAILER, SUPPLIER, AND PROFESSIONAL. THE THREE CLASSES OF MEMBERSHIP ARE VOTING, AFFILIATE AND HONORARY MEMBERSHIPS. FORM 990, PART VI, SECTION A, LINE 7A THE ELECTED OFFICERS OF THIS ASSOCIATION SHALL BE THE BOARD CHAIR/CHIEF GOVERNANCE OFFICER (CGO), THE VICE-CHAIR OF THE BOARD AND THE SECRETARY, TO BE ELECTED BY THE BOARD OF DIRECTORS AT THE REGULARLY SCHEDULED FALL MEETING. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE INVOVLED IN THE APPROVAL OF NEW DIRECTORS ELECTED TO THE BOARD. ALL OTHER DECISIONS ARE MADE BY THE BOARD OF DIRECTORS ON BEHALF OF THE ORGANIZATION'S MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 ANNUALLY THE BOARD OF DIRECTORS MEET TO REVIEW AND APPROVE THE ASSOCIATION'S FINANCIAL STATEMENTS AND FORMS 990 AND 990-T. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD REVIEWS AND SIGNS THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE BOARD APPROVES THE CHIEF EXECUTIVE OFFICER'S COMPENSATION BASED UPON INFORMATION OBTAINED FROM AN INDEPENDENT SALARY CONSULTANT, SURVEYS AND OTHER INFORMATION OBTAINED REGARDING COMPENSATION FROM LIKE ORGANIZATIONS. THE COMPENSATION COMMITTEE ALSO ESTABLISHES AN ACCEPTABLE COMPENSATION RANGE FOR THE SENIOR EXECUTIVES AND ANY OTHER KEY EMPLOYEE WITH A TOTAL COMPENSATION OF OVER $150,000 BASED ON COMPARATIVE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE EXACT DETERMINAITON OF SENIOR EXECUTIVE COMPENSATION IS DELEGATED TO THE CHIEF EXECUTIVE OFFICER THROUGH ESTABLISHED POLICIES OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER REVENUE FORM 990, PART VIII, LINE 11A THE CRAFT AND HOBBY ASSOCIATION OF CANADA (A NON RELATED ENTITY) IS IN THE PROCESS OF WINDING DOWN ITS OPERATIONS. AS PART OF THAT PROCESS IT TRANSFERRED $165,000 TO THE ASSOCIATION IN ORDER THAT THE ASSOCIATION CAN INCREASE ITS MEMBERSHIP IN CANADA AND BECOME THE PRIMARY TRADE ASSOCIATION FOR THE CRAFT AND HOBBY INDUSTRY IN THE UNITED STATES AND CANADA. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 43,590. FORM 990, PART XII, LINE 2C THE ASSOCIATION'S BOARD APPOINTS AN AUDIT COMMITTEE ANUALLY TO REVIEW THE AUDITED FINANCIAL STATEMENTS PREPARED BY AN INDEPENDENT AUDITOR. HIA FOUNDATION 319 E 54TH STREET ELMWOOD PARK NJ 07407 223431594 TO FUND EDUCATION PROGRAMS RELATED TO THE CRAFT AND HOBBY INDUSTRY NJ 501 (C)(3) 170 (B)(1)(A)VI N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 HIA FOUNDATION K 16315 CASH HIA FOUNDATION M 0 CASH HIA FOUNDATION N 0 CASH HIA FOUNDATION P 11315 CASH