Association For Linen Management
- Assets
- $2.3m
- Revenue
- $692.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Richmond, KY
- Founding
- 11/2019
- Data as of
- 06/2023
- EIN
- 23-6296746
Organization Overview
Association For Linen Management is located in Richmond, KY. The organization was established in 2019. 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 06/2023, Association For Linen Management employed 8 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Association For Linen Management 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 06/2023, Association For Linen Management generated $692.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $718.4k during the year ending 06/2023. While expenses have increased by 4.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN LAUNDRY AND LINEN COLLEGE - PROVIDES A PROGRAM OF STUDY IN LAUNDRY AND LINEN TECHNOLOGY AND MANAGEMENT.
VITAL THREADS - DIGITAL AVAILABLE TO MEMBERS. ALM MAGAZINE, 'FRESH' AVAILABLE IN BOTH PRINT AND DIGITAL TO MEMBERS QUARTERLY.
TEST PIECE SERVICE - A MANAGEMENT TOOL PROVIDING AN EFFECTIVE MEANS OF EVALUATING WASH FORMULAS.
CONFERENCES AND CONVENTIONS - PROVIDE THE LATEST INFORMATION AND TRENDS IN THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Bott Past Preside | OfficerTrustee | $0 | |
Kathy Harris Director | Trustee | $0 | |
Phil Hart Director | Trustee | $0 | |
Jason Hartsell Treasurer | OfficerTrustee | $0 | |
Francis Malboeuf President El | OfficerTrustee | $0 | |
James Mangini President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $176,704 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,850 |
| 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 | $252,554 |
| Total Program Service Revenue | $363,287 |
| Investment income | $50,868 |
| 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 | $692,876 |
| 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 | $289,047 |
| Pension plan accruals and contributions | $3,392 |
| Other employee benefits | $7,804 |
| Payroll taxes | $14,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,043 |
| Fees for services: Accounting | $7,692 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,323 |
| Fees for services: Other | $46,070 |
| Advertising and promotion | $14,858 |
| Office expenses | $17,604 |
| Information technology | $23,401 |
| Royalties | $0 |
| Occupancy | $25,248 |
| Travel | $18,755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,870 |
| Interest | $400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,210 |
| All other expenses | $26,812 |
| Total functional expenses | $718,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,651 |
| Savings and temporary cash investments | $2,272,718 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,390 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,346,725 |
| Accounts payable and accrued expenses | $10,694 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $10,694 |
| Net assets without donor restrictions | $2,336,031 |
| 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 | $2,346,725 |