Industrial Minerals Association - North America
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Arlington, VA
- Founding
- 04/2003
- Data as of
- 12/2021
- EIN
- 04-3670163
Organization Overview
Industrial Minerals Association - North America is located in Arlington, VA. The organization was established in 2003. 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. As of 12/2021, Industrial Minerals Association - North America employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Industrial Minerals Association - North America 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 12/2021, Industrial Minerals Association - North America generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SAFETY & HEALTH, GOVT/ ENVIRONMENTAL AFFAIRS, INDUSTRY OPERATIONS, RESEARCH & TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTED THE INDUSTRIAL MINERALS INDUSTRY BEFORE CONGRESS AND REGULATORY AGENCIES REGARDING PUBLIC POLICY ISSUES AFFECTING INDUSTRIAL MINERALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Greissing Executive Vice President | Officer | 37.29 | $233,005 |
Mark G Ellis President | Officer | 35.7 | $132,006 |
John Cowie Sr. Dr, Technical/scientific Affairs | 40 | $110,000 | |
Keith Welp Secretary/treasurer | OfficerTrustee | 2 | $0 |
Jamey Tippetts Chairman Of Bod | OfficerTrustee | 2 | $0 |
Jon Schnieders Vice Chairman Of Bod | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $166,539 |
| 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 | $166,539 |
| Total Program Service Revenue | $975,700 |
| Investment income | $245 |
| 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 | $1,142,484 |
| 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. | $452,536 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,359 |
| Pension plan accruals and contributions | $12,808 |
| Other employee benefits | $16,526 |
| Payroll taxes | $42,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,951 |
| Fees for services: Accounting | $70,684 |
| Fees for services: Lobbying | $90,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $168,571 |
| Advertising and promotion | $633 |
| Office expenses | $15,508 |
| Information technology | $16,490 |
| Royalties | $0 |
| Occupancy | $64,889 |
| Travel | $11,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,813 |
| Interest | $4,518 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,399 |
| Insurance | $8,969 |
| All other expenses | $0 |
| Total functional expenses | $1,374,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,001,461 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,122 |
| 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 | $39,726 |
| Net Land, buildings, and equipment | $22,104 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,416 |
| Total assets | $1,175,829 |
| Accounts payable and accrued expenses | $133,335 |
| Grants payable | $0 |
| Deferred revenue | $88,268 |
| 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 | $500,000 |
| Other liabilities | $11,324 |
| Total liabilities | $732,927 |
| Net assets without donor restrictions | $442,902 |
| 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 | $1,175,829 |
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