Association Of Equipment Manufacturers
- Assets
- $65.7m
- Revenue
- $35.9m
- Investments
- $0.0
- Employees
- 117
- Location
- Milwaukee, WI
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 31-1796607
Organization Overview
Association Of Equipment Manufacturers is located in Milwaukee, WI. The organization was established in 2001. 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 12/2021, Association Of Equipment Manufacturers employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Equipment Manufacturers 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 12/2021, Association Of Equipment Manufacturers generated $35.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $38.4m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PROTECT THE BEST INTERESTS OF MEMBER EQUIPMENT MANUFACTURERS AND THE PUBLIC, AND TO PROMOTE THE ASSOCIATION'S EDUCATIONAL EXHIBITS AT WHICH THE PRODUCTS OF ITS MEMBERS MAY BE DISPLAYED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES INCLUDING EDUCATIONAL RESOURCES, PUBLIC PROMOTION, STATISTICS PROCESSING AND OTHER TRADE ASSOCIATION SERVICES ON A GLOBAL BASIS FOR COMPANIES THAT MANUFACTURE EQUIPMENT AND PROVIDE PRODUCTS AND SERVICES USED WORLDWIDE IN THE CONSTRUCTION, AGRICULTURE, MINING, FORESTRY, MATERIALS-HANDLING AND UTILITY INDUSTRY.
CONDUCT EXPOSITIONS FOR MEMBERS AROUND THE GLOBE TO PROMOTE THE CONTINUED EXPANSION AND SUCCESS OF THE EQUIPMENT MANUFACTURING INDUSTRY.
CONDUCT ASSOCIATION INITIATIVES TO IMPROVE THE SAFETY OF THE INDUSTRY AND FOSTER DEVELOPMENT AND GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis J Slater Aem President & Secretary | Officer | 50 | $633,243 |
Albert Cervero Senior Vp Technology + Revenue Creation | 50 | $551,624 | |
Johan Eideberg Senior VP Government & Industry Relations | 50 | $395,297 | |
Megan Tanel Senior VP Ce + Utility Sector | Officer | 50 | $362,450 |
Sara Truesdale Mooney Senior Vp, Strategy Membership | 50 | $297,774 | |
Curt Blades Senior Vp, Ag Services | 50 | $293,135 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Expositions Event Marketing And Services | 12/30/21 | $3,860,000 |
National Stone Sand And Gravel Cooperation Agreement For Sponsorship Of | 12/30/21 | $1,466,048 |
Marek Group Inventory And Printing Services | 12/30/21 | $788,091 |
Craft Media Digital Llc Public Affairs Support Including Design, | 12/30/21 | $736,204 |
National Ready Mixed Concrete Assoc Cooperation Agreement For Sponsorship Of | 12/30/21 | $666,048 |
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 | $32,075,193 |
| Investment income | $301,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,553,119 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,929,615 |
| 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. | $3,161,340 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,695,883 |
| Pension plan accruals and contributions | $558,554 |
| Other employee benefits | $1,850,783 |
| Payroll taxes | $1,003,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $145,618 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,634 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,136,767 |
| Travel | $516,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,224,099 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,159,741 |
| Insurance | $233,969 |
| All other expenses | $1,143,242 |
| Total functional expenses | $38,436,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $426,421 |
| Savings and temporary cash investments | $1,174,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,202,597 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $128,484 |
| Inventories for sale or use | $180,780 |
| Prepaid expenses and deferred charges | $565,803 |
| Net Land, buildings, and equipment | $6,552,183 |
| Investments—publicly traded securities | $23,612,937 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,846,907 |
| Total assets | $65,690,987 |
| Accounts payable and accrued expenses | $3,507,043 |
| Grants payable | $0 |
| Deferred revenue | $4,370,182 |
| 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 | $42,798,564 |
| Total liabilities | $50,675,789 |
| Net assets without donor restrictions | $15,015,198 |
| 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 | $65,690,987 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Futures Association Chicago, IL | $176,284,079 | $126,360,502 |
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Society Of Manufacturing Engineers Southfield, MI | $77,116,365 | $66,156,404 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |