Bacnet Manufacturers Association Inc
- Assets
- $2.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 11/2000
- Data as of
- 12/2022
- EIN
- 04-3500963
Organization Overview
Bacnet Manufacturers Association Inc is located in Marietta, GA. The organization was established in 2000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bacnet Manufacturers Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Bacnet Manufacturers Association Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION ENCOURAGES THE SUCCESSFUL USE OF BACNET IN BUILDING AUTOMATION AND CONTROL SYSTEMS THROUGH TESTING, EDUCATIONAL PROGRAMS AND PROMOTIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TESTING FACILITY CONTROLLERS TO COMPLY WITH BACNET PROTOCOL AND STANDARDS. EDUCATION OF BACNET STANDARDS THROUGH TRADE SHOWS, CONFERENCES, AND PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Rae Director | Trustee | 2 | $0 |
Brad Hill Director | OfficerTrustee | 2 | $0 |
Raj Jayaraman Director | Trustee | 2 | $0 |
Michael Wilson Director | Trustee | 2 | $0 |
Erica Johnson Director | OfficerTrustee | 2 | $0 |
Dennis Swoboda Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nardone Consulting Group Inc Association Management Services | 12/30/22 | $562,544 |
Protocol Test Lab Lab Testing Devices | 12/30/22 | $453,187 |
Cabin Tech Global Llc Administration Of Btl Testing, Certifica | 12/30/22 | $134,031 |
Yesperanza Global Advocate | 12/30/22 | $107,029 |
Arborcoast Llc President & Managing Director | 12/30/22 | $331,110 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,161,752 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,161,752 |
| Total Program Service Revenue | $1,520,654 |
| Investment income | $67 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,682,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $286,290 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $635,783 |
| Fees for services: Legal | $2,790 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $276,573 |
| Office expenses | $51,949 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $99,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164,766 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,170 |
| All other expenses | $3,317 |
| Total functional expenses | $2,498,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,742,965 |
| Savings and temporary cash investments | $611,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $302,599 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,581 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,696,795 |
| Accounts payable and accrued expenses | $193,630 |
| Grants payable | $0 |
| Deferred revenue | $308,953 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $502,583 |
| Net assets without donor restrictions | $2,194,212 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,696,795 |