Nonprofit · EIN 58-0511380
CARPET & RUG INSTITUTE INC
Tax-exempt · DALTON, GA 30720
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,661,013 | $6,611,628 | -$1,950,615 | $4,883,026 | $639,026 | $4,244,000 |
| December 31, 2023 | 990 | $5,904,325 | $4,531,634 | $1,372,691 | $6,777,323 | $615,402 | $6,161,921 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,443,727
- Membership dues
- $2,443,727
- Program service revenue
- $2,052,608
- Investment income
- $164,678
- Net gain from sales of assets
- $65,169
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $753,725
- Other salaries and wages
- $342,480
- Salaries, compensation and benefits (total)
- $1,348,206
- Professional fundraising fees
- $0
- Legal fees
- $87,063
- Accounting fees
- $67,828
- Occupancy
- $49,590
- Travel
- $28,589
- Depreciation
- $27,283
- Program services (functional)
- $5,783,298
- Management and general (functional)
- $828,330
Balance sheet and other
- Total assets, start of year
- $6,777,323
- Total assets, end of year
- $4,883,026
- Total liabilities, end of year
- $639,026
- Net assets, end of year
- $4,244,000
- Land, buildings and equipment
- $453,703
- Publicly traded securities
- $2,343,542
- Net assets without donor restrictions
- $4,244,000
- Gross receipts
- $4,661,013
- Employees
- 11
- Volunteers
- 20
- Year formed
- 1945
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KURT R DELOZIER | CEO Officer | 50 | $263,114 | $40,303 |
| JENNIFER STOWE | EMPLOYEE Highest-paid employee | 40 | $232,783 | $35,683 |
| RYAN WILLIAMS | EMPLOYEE Highest-paid employee | 40 | $126,455 | $40,438 |
| SUSAN NEWBERRY | CFO Officer | 40 | $131,374 | $23,531 |
| TOM PENDLEY | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| FRANCO ROSSI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT SHAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHIP HOWALT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM BAUCOM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL K FRIERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE SEMAAN | VICE CHAIR Trustee or director | 2 | $0 | $0 |
| WINN EVERHART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK KEESE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER STOWE | EMPLOYEE Highest-paid employee | 40 | $220,913 | $42,271 |
| JOSEPH W YARBROUGH | CEO Officer | 50 | $220,177 | $35,096 |
| RYAN WILLIAMS | EMPLOYEE Highest-paid employee | 40 | $119,556 | $36,774 |
| SUSAN NEWBERRY | CFO Officer | 40 | $121,192 | $22,583 |
| TOM PENDLEY | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| CURT HUTCHINS | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| FRANCO ROSSI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOB SHAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES R MCCALLUM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARC AMMEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHIP HOWALT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM BAUCOM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL K FRIERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD FRENCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL TURNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BECKY BOLEY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 S HAMILTON ST, DALTON, GA 30720-4216
- Principal officer (990 for 2024)
- RUSS DELOZIER, 100 SOUTH HAMILTON STREET, DALTON, GA 30722
- Signed the 990
- SUSAN NEWBERRY, CFO
- Phone
- (706) 428-2130
- Website
- WWW.CARPET-RUG.COM
- Return prepared by
- NICHOLS CAULEY & ASSOCIATES LLC
Mission
THE CARPET AND RUG INSTITUTE, INC. (CRI) WAS FORMED TO PROVIDE AN ASSOCIATION TO GATHER AND DISSEMINATE INFORMATION REGARDING LAWS, REGULATIONS, AND CONDITIONS AFFECTING THE U.S. FLOOR COVERING INDUSTRY. CRI ALSO PROMOTES AND PROVIDES VARIOUS SERVICES TO THOSE IN THE INDUSTRY. CRI'S MEMBERSHIP IS COMPOSED OF MANUFACTURING AND ASSOCIATE (NONVOTING) MEMBERS.
Program accomplishments
- TO GATHER AND DISSEMINATE INFORMATION FOR THE CARPET AND RUG INDUSTRY.Expenses $5,783,298 · revenue $2,055,278
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-0511380
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 1946
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,883,026
- Income (IRS master file)
- $4,661,013
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,661,013 | $6,611,628 | $4,883,026 | XML |
| 990 | December 2023 | $5,904,325 | $4,531,634 | $6,777,323 | XML |
| 990 | December 2022 | $2,346,028 | $4,637,692 | $5,550,765 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-0511380).
Questions about CARPET & RUG INSTITUTE INC
- What is the EIN of CARPET & RUG INSTITUTE INC?
- The employer identification number (EIN) of CARPET & RUG INSTITUTE INC is 58-0511380.
- Is CARPET & RUG INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1946.
- Which annual return does CARPET & RUG INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CARPET & RUG INSTITUTE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARPET & RUG INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CARPET & RUG INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names RUSS DELOZIER.
- Who are the officers and directors of CARPET & RUG INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 4 received compensation from the organization, the highest $263,114 (KURT R DELOZIER, CEO).
- How much revenue does CARPET & RUG INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,661,013, expenses of $6,611,628 and total assets of $4,883,026 at year end.
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