Manufacturer & Business Association
- Assets
- $13.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 31
- Location
- Erie, PA
- Founding
- 12/1942
- Data as of
- 03/2023
- EIN
- 25-0637030
Organization Overview
Manufacturer & Business Association is located in Erie, PA. The organization was established in 1942. 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 03/2023, Manufacturer & Business Association employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manufacturer & Business 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 03/2023, Manufacturer & Business Association generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $3.7m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION SUPPORTS ITS 2,197 MEMBERS BY PROVIDING INFORMATION AND SERVICES THAT WILL ASSIST IN THE PURSUIT OF BUSINESS AND COMMUNITY INTERESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND OTHER PROGRAMSTHE ASSOCIATION DEVELOPS AND PROVIDES INSTRUCTION TO ITS 2,197MEMBERS ON A VARIETY OF SUBJECTS CONCERNING PROFESSIONALINTERESTS, DEVELOPMENT AND TECHNICAL TRAINING. APPROXIMATELY 3,482INDIVIDUALS RECEIVED TRAINING DURING THE YEAR ENDED MARCH 31,2023. THE ASSOCIATION ALSO PROVIDES THE NECESSARY FACILITIES FORMEMBERS TO HOLD THEIR OWN TRAINING AND PROFESSIONAL DEVELOPMENTACTIVITIES.
MEMBER SERVICESTHE ASSOCIATION SPONSORS A MONTHLY ROUNDTABLE MEETING OF MEMBERSTHAT FOCUSES ON VARIOUS SUBJECT MATTERS. MEMBERS MEET TO DISCUSSPROBLEMS, EXCHANGE IDEAS, AND SHARE VITAL INFORMATION. THEASSOCIATION ALSO PRODUCES A MONTHLY MAGAZINE COVERING BUSINESS,ECONOMIC, AND REGULATORY ISSUES. THE ASSOCIATION ALSO OFFERS AFREE HUMAN RESOURCE AND EMPLOYMENT LAW HOTLINE THAT MEMBERS CANACCESS 24 HOURS A DAY, AND PROVIDES MONTHLY HR WEBINARS ANDNEWSLETTERS. FURTHER, THE ASSOCIATION ANNUALLY BRINGS IN ANATIONALLY KNOWN SPEAKER TO ADDRESS CURRENT BUSINESS TOPICS OFIMPORTANCE TO OUR MEMBERS.
PUBLIC AND COMMUNITY RELATIONSTHE ASSOCIATION SPONSORS ACTIVITIES THAT EDUCATE THE GENERALPUBLIC AND ITS MEMBERS ON A VARIETY OF BUSINESS AND ECONOMICISSUES AFFECTING THE REGION. THE ASSOCIATION ALSO SUPPORTSAPPROXIMATELY 12 CHARITABLE AND EDUCATIONAL ORGANIZATIONS IN THEREGION WHOSE COMMON OBJECTIVE IS TO IMPROVE THE QUALITY OF LIFEAND ECONOMIC HEALTH OF THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Jones Board Member | Trustee | 4 | $0 |
Jana Goodrich Chairman | OfficerTrustee | 4 | $0 |
Kyle Blakeslee Vice Chairman | OfficerTrustee | 4 | $0 |
Mark Raimy Board Member | Trustee | 1 | $0 |
Gary Clark Board Member | Trustee | 1 | $0 |
Matt Clark 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 | $2,960,926 |
| Investment income | $306,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,600 |
| Net Gain/Loss on Asset Sales | -$412,395 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $39,325 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,112,637 |
| 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. | $565,854 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,215,801 |
| Pension plan accruals and contributions | $34,303 |
| Other employee benefits | $281,474 |
| Payroll taxes | $136,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,313 |
| Fees for services: Accounting | $58,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,734 |
| Fees for services: Other | $102,457 |
| Advertising and promotion | $4,800 |
| Office expenses | $127,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $360,308 |
| Travel | $8,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $123,909 |
| Interest | $64,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,728 |
| Insurance | $35,152 |
| All other expenses | $51,980 |
| Total functional expenses | $3,728,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,348 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $852,747 |
| 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 | $65,647 |
| Net Land, buildings, and equipment | $1,178,131 |
| Investments—publicly traded securities | $10,249,570 |
| Investments—other securities | $0 |
| Investments—program-related | $1,069,840 |
| Intangible assets | $0 |
| Other assets | $110,420 |
| Total assets | $13,606,703 |
| Accounts payable and accrued expenses | $714,464 |
| Grants payable | $0 |
| Deferred revenue | $730,446 |
| 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 | $144,658 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,310,420 |
| Total liabilities | $2,899,988 |
| Net assets without donor restrictions | $10,706,715 |
| 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 | $13,606,703 |