Metal Treating Institute Inc
- Assets
- $1.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Hendersonville, TN
- Founding
- 02/1944
- Data as of
- 12/2022
- EIN
- 13-6089629
Organization Overview
Metal Treating Institute Inc is located in Hendersonville, TN. The organization was established in 1944. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metal Treating Institute 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, Metal Treating Institute Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 4.2% 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
METAL TREATING INSTITUTE, INC. IS A NOT-FOR-PROFTI TRADE ASSOCIATION OF COMPANIES THAT ARE ENGAGED IN THE BUSINESS OF HEAT TREATING METALS OR METAL PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
METAL TREATING INSTITUTE, INC. (THE ORGANIZATION) IS A NOT-FOR-PROFIT TRADE ASSOCIATION OF COMPANIES THAT IS ENGAGED IN THE BUSINESS OF HEAT TREATING METALS OR METAL PRODUCTS. THE ORGANIZATION PRODUCES FURNACES NORTH AMERICA, THE LARGEST HEAT TREAT ONLY CONFERENCE IN NORTH AMERICA; HOSTS THE ONLINE TECHNICAL TRAINING ACADEMY; AND CONDUCTS MANAGEMENT TRAINING IN HEAT TREATING. THE ORGANIZATIONS PRIMARY SOURCES OF REVENUE ARE FROM WORLDWIDE MEMBERSHIP DUES, SPONSORSHIPS, MEMBERSHIP MEETINGS, AND TRAINING. THE EXECUTIVE OFFICES OF THE ORGANIZATION ARE IN HENDERSONVILLE, TENNESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Orr President | OfficerTrustee | 2 | $0 |
Ryan Fussell President-Elect | OfficerTrustee | 2 | $0 |
Don Hendry Immediate Past President | OfficerTrustee | 2 | $0 |
Glen Ottinger Treasurer | OfficerTrustee | 2 | $0 |
Tom Morrison CEO Mti Management | Officer | 40 | $0 |
Deidra Minerd Board Member | 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 | $1,488,806 |
| Investment income | $5,316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,000 |
| 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 | $1,499,122 |
| 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. | $0 |
| 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 | $476,749 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,654 |
| Advertising and promotion | $36,384 |
| Office expenses | $9,400 |
| Information technology | $29,344 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,283 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $735,223 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,640 |
| All other expenses | $14,795 |
| Total functional expenses | $1,423,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,994 |
| Savings and temporary cash investments | $98,962 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,182 |
| 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 | $37,338 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $751,973 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,186,449 |
| Accounts payable and accrued expenses | $20,029 |
| Grants payable | $0 |
| Deferred revenue | $36,001 |
| 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 | $56,030 |
| Net assets without donor restrictions | $1,130,419 |
| 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 | $1,186,449 |
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|---|---|---|
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