Skip to content
ProPublica Donate
ProPublica Donate

Carpet & Rug Institute Inc

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Summary charts: organization finances over time

Revenue
$5.9M (2023)

Expenses
$4.53M (2023)

Total Assets
$6.78M (2023)

Total Liabilities
$615k (2023)

Source: Form 990 tax filings from 2014 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,904,325
Expenses
$4,531,634
Net Income
$1,372,691
Net Assets
$6,161,921
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,866,609
65.5%
Program Services $1,861,284
31.5%
Investment Income $35,636
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $140,796
2.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $681,837
15.0%
Professional Fundraising Fees $0
Other Salaries and Wages $516,554
11.4%
Assets/Debt
Total Assets $6,777,323
Total Liabilities $615,402
Net Assets $6,161,921
Compensation
Key Employees and Officers Compensation Related Other
Jennifer Stowe (Employee) $220,913 $0 $42,271
Joseph W Yarbrough (Ceo) $220,177 $0 $35,096
Susan Newberry (Cfo) $121,192 $0 $22,583
Ryan Williams (Employee) $119,556 $0 $36,774
Tom Pendley (Chair) $0 $0 $0
Curt Hutchins (Vice Chair) $0 $0 $0
Franco Rossi (Director) $0 $0 $0
Bob Shaw (Director) $0 $0 $0
James R Mccallum (Director) $0 $0 $0
Marc Ammen (Director) $0 $0 $0
Chip Howalt (Director) $0 $0 $0
Tim Baucom (Director) $0 $0 $0
Daniel K Frierson (Director) $0 $0 $0
Richard French (Director) $0 $0 $0
Bill Turner (Director) $0 $0 $0
Becky Boley (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,346,028
Expenses
$4,637,692
Net Income
-$2,291,664
Net Assets
$4,826,681
Notable Sources of Revenue Percent of Total Revenue
Contributions $315,800
13.5%
Program Services $1,989,190
84.8%
Investment Income $32,012
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,026
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $816,390
17.6%
Professional Fundraising Fees $0
Other Salaries and Wages $433,229
9.3%
Assets/Debt
Total Assets $5,550,765
Total Liabilities $724,084
Net Assets $4,826,681
Compensation
Key Employees and Officers Compensation Related Other
Joseph W Yarbrough (Ceo) $368,076 $0 $43,207
Jennifer Stowe (Employee) $213,882 $0 $42,225
Susan Newberry (Cfo) $119,872 $0 $22,571
Ryan Williams (Employee) $114,560 $0 $39,218
Tom Pendley (Chair) $0 $0 $0
Curt Hutchins (Vice Chair) $0 $0 $0
Franco Rossi (Director) $0 $0 $0
Bob Shaw (Director) $0 $0 $0
James R Mccallum (Director) $0 $0 $0
Marc Ammen (Director) $0 $0 $0
Chip Howalt (Director) $0 $0 $0
Tim Baucom (Director) $0 $0 $0
Daniel K Frierson (Director) $0 $0 $0
Richard French (Director) $0 $0 $0
Tim White (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,354,333
Expenses
$5,259,950
Net Income
$1,094,383
Net Assets
$7,407,989
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,298,714
67.7%
Program Services $1,922,014
30.2%
Investment Income $25,143
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $108,462
1.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $884,429
16.8%
Professional Fundraising Fees $0
Other Salaries and Wages $449,861
8.6%
Assets/Debt
Total Assets $7,916,112
Total Liabilities $508,123
Net Assets $7,407,989
Compensation
Key Employees and Officers Compensation Related Other
Joseph W Yarbrough (Ceo) $354,299 $0 $26,065
Jennifer Stowe (Employee) $204,697 $0 $31,311
Susan Newberry (Cfo) $110,365 $0 $18,794
Ryan Williams (Employee) $108,867 $0 $30,031
Vance Bell (Chair) $0 $0 $0
Richard French (Director) $0 $0 $0
Franco Rossi (Director) $0 $0 $0
Bob Shaw (Director) $0 $0 $0
James R Mccallum (Director) $0 $0 $0
Marc Ammen (Director) $0 $0 $0
Chip Howalt (Director) $0 $0 $0
Jeffrey Lorberbaum (Director) $0 $0 $0
Daniel K Frierson (Director) $0 $0 $0
Mark Clayton (Director) $0 $0 $0
Jeff Fenwick (Director) $0 $0 $0
Becky Boley (Treasurer) $0 $0 $0
Tom Pendley (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,099,937
Expenses
$6,223,331
Net Income
-$123,394
Net Assets
$6,473,626
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,885,604
63.7%
Program Services $1,993,628
32.7%
Investment Income $16,392
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,160
0.1%
Net Inventory Sales $0
Other Revenue $196,153
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $748,222
12.0%
Professional Fundraising Fees $0
Other Salaries and Wages $445,129
7.2%
Assets/Debt
Total Assets $6,778,536
Total Liabilities $304,910
Net Assets $6,473,626
Compensation
Key Employees and Officers Compensation Related Other
Joseph W Yarbrough (Ceo) $347,514 $0 $45,733
Jennifer Stowe (Employee) $199,326 $0 $42,393
Ryan Williams (Employee) $105,686 $0 $41,684
Susan Newberry (Cfo) $95,695 $0 $49,914
Vance Bell (Chair) $0 $0 $0
Daniel K Frierson (Director) $0 $0 $0
Jeffrey Lorberbaum (Director) $0 $0 $0
Chip Howalt (Director) $0 $0 $0
Mark Clayton (Director) $0 $0 $0
James R Mccallum (Director) $0 $0 $0
Marc Ammen (Director) $0 $0 $0
Bob Shaw (Director) $0 $0 $0
Franco Rossi (Director) $0 $0 $0
Tom Pendley (Vice Chair) $0 $0 $0
Richard French (Director) $0 $0 $0
David Repp (Treasurer) $0 $0 $0
Jeff Fenwick (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,712,284
Expenses
$7,631,755
Net Income
$1,080,529
Net Assets
$6,597,020
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,537,814
75.0%
Program Services $1,956,576
22.5%
Investment Income $54,750
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $11,480
0.1%
Net Inventory Sales $0
Other Revenue $151,664
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $607,730
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $773,621
10.1%
Assets/Debt
Total Assets $7,566,787
Total Liabilities $969,767
Net Assets $6,597,020
Compensation
Key Employees and Officers Compensation Related Other
Joseph W Yarbrough (Ceo) $344,009 $0 $55,989
Jennifer Stowe (Vp Governmen) $193,841 $0 $38,057
Ryan Williams (Director It) $103,044 $0 $33,126
Susan Newberry (Cfo) $90,052 $0 $32,799
Louise Dobbs (Corp Sec) $73,116 $0 $11,764
Marc Ammen (Director) $0 $0 $0
Vance Bell (Chair Person) $0 $0 $0
Mark Clayton (Director) $0 $0 $0
Len Ferro (Director) $0 $0 $0
Richard French (Director) $0 $0 $0
Daniel K Frierson (Director) $0 $0 $0
Chip Howalt (Director) $0 $0 $0
Jeffrey Loberbaum (Director) $0 $0 $0
James R Mccallum (Past Chairma) $0 $0 $0
Tom Pendley (Vice Charima) $0 $0 $0
David Repp (Treasurer) $0 $0 $0
Franco Rossi (Director) $0 $0 $0
Bob Shaw (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,967,436
Expenses
$7,158,603
Net Income
$808,833
Net Assets
$5,516,491
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,903,065
74.1%
Program Services $2,058,843
25.8%
Investment Income $44,064
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $52,332
0.7%
Net Inventory Sales $0
Other Revenue -$90,868
Notable Expenses Percent of Total Expenses
Executive Compensation $567,005
7.9%
Professional Fundraising Fees $0
Other Salaries and Wages $648,692
9.1%
Assets/Debt
Total Assets $6,458,072
Total Liabilities $941,581
Net Assets $5,516,491
Compensation
Key Employees and Officers Compensation Related Other
Joseph W Yarbrough (Ceo) $329,125 $0 $39,116
Jennifer Mendez (Vp Governmen) $187,526 $0 $25,462
Susan Newberry (Cfo) $83,426 $0 $35,203
Louise Dobbs (Corp Sec) $72,948 $0 $7,187
Vance Bell (Director) $0 $0 $0
Daniel K Frierson (Past Chairm) $0 $0 $0
Jeffrey Loberbaum (Director) $0 $0 $0
Chip Howalt (Director) $0 $0 $0
Len Ferro (Director) $0 $0 $0
Mark Clayton (Director) $0 $0 $0
James R Mccallum (Chairman) $0 $0 $0
Marc Ammen (Director) $0 $0 $0
Bob Shaw (Director) $0 $0 $0
Franco Rossi (Director) $0 $0 $0
Jack Ganley (Vice Charima) $0 $0 $0
Jim Harley (Director) $0 $0 $0
David Repp (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,529,259
Expenses
$7,134,062
Net Income
$1,395,197
Net Assets
$4,707,658
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,299,046
73.9%
Program Services $2,103,687
24.7%
Investment Income $19,205
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $21,180
0.2%
Net Inventory Sales $0
Other Revenue $86,141
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $515,590
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $535,074
7.5%
Assets/Debt
Total Assets $6,369,049
Total Liabilities $1,661,391
Net Assets $4,707,658
Compensation
Key Employees and Officers Compensation Related Other
Joseph W Yarbrough (Ceo) $290,360 $0 $35,618
Jennifer Mendez (Vp Governmen) $181,862 $0 $24,209
Susan Newberry (Cfo) $81,582 $0 $27,870
Louise Dobbs (Corp Sec) $72,924 $0 $7,236
Vance Bell (Director) $0 $0 $0
Daniel K Frierson (Past Chairm) $0 $0 $0
Jeffrey Loberbaum (Director) $0 $0 $0
Jay Gould (Director) $0 $0 $0
Michael Pollard (Director) $0 $0 $0
Chip Howalt (Director) $0 $0 $0
Len Ferro (Director) $0 $0 $0
Jon Faulkner (Treasurer) $0 $0 $0
Mark Clayton (Director) $0 $0 $0
James R Mccallum (Chairman) $0 $0 $0
Ralph Grogan (Director) $0 $0 $0
Marc Ammen (Director) $0 $0 $0
Bob Shaw (Director) $0 $0 $0
Franco Rossi (Director) $0 $0 $0
Jack Ganley (Vice Charima) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,493,071
Expenses
$8,405,889
Net Income
$87,182
Net Assets
$3,312,461
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,301,073
74.2%
Program Services $2,135,481
25.1%
Investment Income $23,017
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,171
0.1%
Net Inventory Sales $0
Other Revenue $28,329
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $593,946
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $418,021
5.0%
Assets/Debt
Total Assets $5,062,144
Total Liabilities $1,749,683
Net Assets $3,312,461
Compensation
Key Employees and Officers Compensation Related Other
Joseph W Yarbrough (Ceo) $343,804 $0 $50,113
Jennifer Mendez (Vp Governmen) $175,707 $0 $36,813
Susan Newberry (Cfo) $79,465 $0 $33,879
Louise Dobbs (Corp Sec) $73,556 $0 $13,129
Vance Bell (Director) $0 $0 $0
Daniel K Frierson (Chairman) $0 $0 $0
Jeffrey Loberbaum (Director) $0 $0 $0
John Wells (Director) $0 $0 $0
Glen Hussmann (Director) $0 $0 $0
Chip Howalt (Director) $0 $0 $0
David Jolly (Director) $0 $0 $0
Jim Kirkpatrick (Treasurer) $0 $0 $0
Karel Vercruyssen (Director) $0 $0 $0
James R Mccallum (Vice Chairma) $0 $0 $0
Ralph Grogan (Director) $0 $0 $0
Marc Ammen (Director) $0 $0 $0
Bob Shaw (Director) $0 $0 $0
Rossi Franco (Director) $0 $0 $0
Jack Ganley (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,263,926
Expenses
$8,427,849
Net Income
-$3,163,923
Net Assets
$3,225,279
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,969,142
56.4%
Program Services $2,113,203
40.1%
Investment Income $32,691
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $87,478
1.7%
Net Inventory Sales $0
Other Revenue $61,412
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $509,372
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $555,369
6.6%
Assets/Debt
Total Assets $4,258,791
Total Liabilities $1,033,512
Net Assets $3,225,279
Compensation
Key Employees and Officers Compensation Related Other
Joseph W Yarbrough (Ceo) $277,997 $0 $44,277
Jennifer Mendez (Vp Governmen) $170,369 $0 $25,985
Susan Newberry (Cfo) $76,527 $0 $29,532
Louise Dobbs (Corp Sec) $73,606 $0 $7,433
Vance Bell (Director) $0 $0 $0
Daniel K Frierson (Chairman) $0 $0 $0
David Duncan (Director) $0 $0 $0
Jeffrey Loberbaum (Director) $0 $0 $0
John Wells (Director) $0 $0 $0
Glen Hussmann (Director) $0 $0 $0
Chip Howalt (Director) $0 $0 $0
David Jolly (Director) $0 $0 $0
Greely Joiner (Legal) $0 $0 $0
Jim Kirkpatrick (Treasurer) $0 $0 $0
Karel Vercruyssen (Director) $0 $0 $0
James R Mccallum (Vice Chairma) $0 $0 $0
Andrea Greenleaf (Director) $0 $0 $0
Ralph Grogan (Director) $0 $0 $0
Marc Ammen (Director) $0 $0 $0
Bob Shaw (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,154,796
Expenses
$4,601,328
Net Income
-$446,532
Net Assets
$6,389,198
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,279,932
54.9%
Program Services $1,717,844
41.3%
Investment Income $108,357
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $482,844
11.6%
Net Inventory Sales $0
Other Revenue -$434,181
Notable Expenses Percent of Total Expenses
Executive Compensation $445,215
9.7%
Professional Fundraising Fees $0
Other Salaries and Wages $470,220
10.2%
Assets/Debt
Total Assets $7,450,416
Total Liabilities $1,061,218
Net Assets $6,389,198
Compensation
Key Employees and Officers Compensation Related Other
Werner Braun (Ceo) $311,941 $0 $12,826
Joseph W Yarbrough (Ceo) $215,191 $0 $41,016
Susan Newberry (Cfo) $76,543 $0 $31,849
Louise Dobbs (Corp Sec) $73,639 $0 $6,977
Vance Bell (Director) $0 $0 $0
Daniel K Frierson (Vice Chairma) $0 $0 $0
David Duncan (Director) $0 $0 $0
Jeffrey Loberbaum (Director) $0 $0 $0
John Wells (Director) $0 $0 $0
Glen Hussmann (Director) $0 $0 $0
Chip Howalt (Director) $0 $0 $0
David Jolly (Chairman) $0 $0 $0
Greely Joiner (Legal) $0 $0 $0
Jim Kirkpatrick (Treasurer) $0 $0 $0
Karel Vercruyssen (Director) $0 $0 $0
James R Mccallum (Director) $0 $0 $0
Andrea Greenleaf (Director) $0 $0 $0
Ralph Grogan (Director) $0 $0 $0
Marc Ammen (Director) $0 $0 $0
Bob Shaw (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2012

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us