Motor & Equipment Manufacturers Association
- Assets
- $40.7m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 65
- Location
- Research Triangle Park, NC
- Founding
- 08/1973
- Data as of
- 12/2022
- EIN
- 13-1068400
Organization Overview
Motor & Equipment Manufacturers Association is located in Research Triangle Park, NC. The organization was established in 1973. 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 12/2022, Motor & Equipment Manufacturers Association employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Motor & Equipment Manufacturers Association 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, Motor & Equipment Manufacturers Association generated $16.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $15.8m during the year ending 12/2022. While expenses have increased by 1.0% 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.
Since 2014, Motor & Equipment Manufacturers Association has awarded 24 individual grants totaling $438,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE COMMERCIAL INTERESTS OF ITS MEMBERS IN THE MOTOR VEHICLE SUPPLIER INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE ASSOCIATION PROMOTES THE BUSINESS INTERESTS OF ITS MEMBERS BY: 1. COORDINATING CONSTRUCTIVE DIALOGUE, COOPERATIVE RESEARCH AND STRATEGIC INFORMATION EXCHANGE AMONG THE VARIOUS AUTOMOTIVE AFTERMARKET, HEAVY DUTY, ORIGINAL EQUIPMENT, AND REMANUFACTURING INDUSTRY PARTIPANTS, AND THE GOVERNMENT ENTITIES THAT REGULATE THEM. 2. PROMOTING NETWORKING AND INFORMATION EXCHANGE AMONG THE MEMBERSHIP THROUGH A WIDE RANGE OF CONFERENCES AND EXHIBITIONS THAT FOCUS ON THE MAJOR ISSUES OF IMPORTANCE TO MEMBERS, AND THROUGH COMMITTEES, COUNCILS, FORUMS, PRODUCT LINE GROUPS, AND PEER GROUPS. 3. PROMOTING PUBLIC AWARENESS OF THE IMPORTANCE OF THE AUTOMOTIVE AFTERMARKET, HEAVY DUTY, ORIGINAL EQUIPMENT, AND REMANUFACTURING INDUSTRIES TO THE COMMUNITY AND TO THE COUNTRY WITH STATISTICS ON SALES, EMPLOYMENT, TAXES, EXPORTS, ETC. 4. COORDINATING RESEARCH ON ISSUES OF INTEREST TO THE MEMBERS, DEVELOPING BENCHMARKING INFORMATION, AND CONDUCTING FORUMS ON SPECIFIC ISSUES. 5. DEVELOPING STRATEGIC ALLIANCES WITH OTHER ASSOCIATIONS AND SOCIETIES TO PROMOTE INFORMATION EXCHANGE, THE INTRODUCTION OF COMPANIES, THE PROMOTION OF RELEVANT RESEARCH AND THE HEALTH OF THE INDUSTRY. 6. PROMOTING INCREASED AWARENESS OF THE CAPABILITIES OF FELLOW ASSOCIATION MEMBERS TO ENHANCE BUSINESS TO BUSINESS RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Musgrave Director | Trustee | 2 | $0 |
Bill Long President & CEO | OfficerTrustee | 39 | $705,237 |
Tom Ward Treasurer | OfficerTrustee | 2 | $0 |
Eric Steinbecher Director | Trustee | 1 | $0 |
David Overbeeke Director | Trustee | 1 | $0 |
Dominic Grote Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Lewis & Bockius Llp Legal | 12/30/22 | $132,000 |
Arent Fox Llp Legal | 12/30/22 | $540,000 |
Achurch Consulting It Consulting | 12/30/22 | $204,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $15,952,435 |
| Investment income | $983,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$698,419 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$75,402 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,162,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,835 |
| 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. | $3,336,520 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,111,507 |
| Pension plan accruals and contributions | $249,733 |
| Other employee benefits | $670,482 |
| Payroll taxes | $457,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $512,911 |
| Fees for services: Accounting | $53,235 |
| Fees for services: Lobbying | $274,038 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $143,114 |
| Fees for services: Other | $276,423 |
| Advertising and promotion | $117,560 |
| Office expenses | $296,340 |
| Information technology | $382,538 |
| Royalties | $0 |
| Occupancy | $1,019,105 |
| Travel | $418,829 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,272,104 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $382,402 |
| Insurance | $89,095 |
| All other expenses | $179,291 |
| Total functional expenses | $15,782,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,858,948 |
| 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 | $650,759 |
| Net Land, buildings, and equipment | $804,097 |
| Investments—publicly traded securities | $28,607,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,674,778 |
| Total assets | $40,744,706 |
| Accounts payable and accrued expenses | $1,489,011 |
| Grants payable | $0 |
| Deferred revenue | $3,237,024 |
| 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 | $9,278,917 |
| Total liabilities | $14,004,952 |
| Net assets without donor restrictions | $26,739,754 |
| 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 | $40,744,706 |
Grants Awarded
Over the last fiscal year, Motor & Equipment Manufacturers Association has awarded $50,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ENDER'S ISLAND PURPOSE: ADDICTION | $20,000 |
AUTOMOTIVE HALL OF FAME PURPOSE: RECOGNITION | $10,000 |
UNIVERSITY OF THE AFTERMARKET FOUNDATION PURPOSE: GENERAL SUPPORT | $20,000 |