American Clinical Laboratory Association
- Assets
- $4.0m
- Revenue
- $8.2m
- Investments
- $216.8k
- Employees
- 11
- Location
- Washington, DC
- Founding
- 09/1975
- Data as of
- 12/2023
- EIN
- 23-7173945
Organization Overview
American Clinical Laboratory Association is located in Washington, DC. The organization was established in 1975. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, American Clinical Laboratory Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Clinical Laboratory 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 12/2023, American Clinical Laboratory Association generated $8.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $7.7m during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 9 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE, ADVOCATE AND PROVIDE INFORMATION REGARDING THE ESSENTIAL ROLE LABORATORY SERVICES PLAY IN DELIVERING COST EFFECTIVE HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Van Meter President | OfficerTrustee | 40 | $687,500 |
Thomas Sparkman Sr. VP (thru 7/23) | Officer | 40 | $353,569 |
Joan Kegerize Vice President | 40 | $240,462 | |
Cheryl Hawkins Exec. Administrator | 40 | $198,377 | |
Adam Borden Sr. VP (thru 9/23) | Officer | 40 | $207,917 |
Holly Grosholz Director | 40 | $186,581 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reservoir Communications Group Llp Pr Consultants | 12/30/23 | $1,397,620 |
Alston Bird Llp Legal Services | 12/30/23 | $986,771 |
King Spalding Consultant | 12/30/23 | $294,844 |
Rampy Northrup Consultant | 12/30/23 | $159,075 |
Covington Burling Legal Services | 12/30/23 | $906,595 |
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 | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,000 |
| Total Program Service Revenue | $7,943,426 |
| Investment income | $189,909 |
| 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 | $8,153,335 |
| 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. | $1,662,133 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $708,228 |
| Pension plan accruals and contributions | $7,586 |
| Other employee benefits | $72,046 |
| Payroll taxes | $119,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,185,740 |
| Fees for services: Accounting | $92,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,253 |
| Fees for services: Other | $1,819,241 |
| Advertising and promotion | $0 |
| Office expenses | $124,223 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $290,811 |
| Travel | $58,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $179,369 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,228 |
| Insurance | $20,800 |
| All other expenses | $0 |
| Total functional expenses | $7,732,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,581,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $127,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $216,752 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,047 |
| Total assets | $3,967,591 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,967,591 |
| 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 | $3,967,591 |