Valve Manufacturers Association Of America
- Assets
- $1.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Alexandria, VA
- Founding
- 05/1941
- Data as of
- 12/2022
- EIN
- 13-1432012
Organization Overview
Valve Manufacturers Association Of America is located in Alexandria, VA. The organization was established in 1941. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Valve Manufacturers Association Of America employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valve Manufacturers Association Of 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 12/2022, Valve Manufacturers Association Of America generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE THE BUSINESS CLIMATE FOR ITS MEMBERS, AND STRENGTHEN THE VALVE INDUSTRY AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS AND SEMINARS: ENABLE INDUSTRY MEMBERS TO STAY ABREAST OF PROBLEMS, OPPORTUNITIES, REGULATIONS, ETC. WHICH AFFECT THE MARKETPLACE IN WHICH THEY FUNCTION THROUGH A VARIETY OF MEETINGS AND SEMINARS.
STATISTICAL SERVICES: COMMUNICATE INDUSTRY STATISTICS, MARKET FORECASTS AND ECONOMIC PROFILES TO MEMBERS IN THE INDUSTRY.
PUBLICATIONS: MAGAZINES, NEWSLETTERS AND SPECIAL REPORTS WHICH INFORM THE INDUSTRY ABOUT POLITICAL MARKETS, CURRENT TRENDS AND REGULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Thiel Board Chair | OfficerTrustee | 1 | $0 |
Nathan Brunell Strategic Planning Cmte Chair | OfficerTrustee | 1 | $0 |
Kirk Wilson Executive Committee | OfficerTrustee | 1 | $0 |
Andrew Duffy Treasurer And Vice Chair | OfficerTrustee | 1 | $0 |
Ron Warren Immediate Past Chair | OfficerTrustee | 1 | $0 |
Alejandro Alcala Director | Trustee | 1 | $0 |
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 | $1,275,106 |
| Investment income | $23,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $130,592 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,429,391 |
| 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. | $454,031 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,716 |
| Pension plan accruals and contributions | $1,667 |
| Other employee benefits | $28,819 |
| Payroll taxes | $39,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,663 |
| Fees for services: Accounting | $41,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,131 |
| Fees for services: Other | $105,207 |
| Advertising and promotion | $0 |
| Office expenses | $76,609 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,312 |
| Travel | $7,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $297,206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,814 |
| Insurance | $6,258 |
| All other expenses | $0 |
| Total functional expenses | $1,361,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,120 |
| Savings and temporary cash investments | $97,828 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $117,599 |
| 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 | $16,555 |
| Net Land, buildings, and equipment | $7,259 |
| Investments—publicly traded securities | $685,588 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,053 |
| Total assets | $1,015,002 |
| Accounts payable and accrued expenses | $111,437 |
| Grants payable | $0 |
| Deferred revenue | $77,816 |
| 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 | $31,052 |
| Total liabilities | $220,305 |
| Net assets without donor restrictions | $794,697 |
| 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 | $1,015,002 |