National Tooling & Machining Assocation
- Assets
- $5.8m
- Revenue
- $3.3m
- Investments
- $120.0k
- Employees
- 14
- Location
- Cleveland, OH
- Founding
- 02/1945
- Data as of
- 12/2021
- EIN
- 34-0646162
Organization Overview
National Tooling & Machining Assocation is located in Cleveland, OH. The organization was established in 1945. 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, National Tooling & Machining Assocation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Tooling & Machining Assocation 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, National Tooling & Machining Assocation generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
POSITIVELY IMPACT THE US PRECISION MANUFACTURING INDUSTRY'S STRATEGIC ROLE IN THE NATIONAL ECONOMY AND INSPIRE CHANGE THAT PROMOTES A HEALTHY, SUSTAINABLE MANUFACTURING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS, PURCHASING FAIRS AND SEMINARS - NTMA'S CONVENTION, CONFERENCES AND SEMINARS INCREASE THE AWARENESS OF GENERAL BUSINESS AND INDUSTRY RELATIONS PRACTICES, AND PROVIDE A FORUM FOR MEMBERS TO EXCHANGE IDEAS ON ISSUES PERTINENT TO THE INDUSTRY. THE PURCHASING FAIRS ENABLE NTMA'S MEMBERS TO MEET A LARGE ARRAY OF PROSPECTIVE CUSTOMERS.
MEMBER SERVICES - NTMA DISTRIBUTES SURVEYS AND REPORTS, WHICH ARE DESIGNED TO BE AN EFFECTIVE MANAGEMENT TOOL FOR MEMBERS.
EDUCATIONAL SERVICES - NTMA SELLS ONLINE TRAINING AND SELLS EDUCATIONAL MATERIALS TO MEMBERS AND EDUCATIONAL INSTITUTIONS. THE TRAINING AND MATERIALS ARE DESIGNED TO PREPARE STUDENTS FOR A CAREER IN THE PRECISION MANUFACTURING TRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Atkins President | Officer | 40 | $285,352 |
Douglas Derose Secretary/treasurer | Officer | 40 | $190,750 |
Debbie Holton Trustee | Trustee | 1 | $1,000 |
Tom Sothard Trustee | Trustee | 1 | $1,000 |
Mark Lashinske Chairman | OfficerTrustee | 1 | $0 |
Aj Schaeper Jr Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trade Association Outside Membership Sales Executive | 12/30/18 | $139,434 |
Franklin Partnership Government Advocacy And Industry Marketi | 12/30/18 | $144,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,000 |
| Government grants | $219,133 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,672 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,805 |
| Total Program Service Revenue | $1,825,169 |
| Investment income | $312,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $693,528 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $235,485 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,338,810 |
| 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. | $523,399 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $738,493 |
| Pension plan accruals and contributions | $7,568 |
| Other employee benefits | $79,138 |
| Payroll taxes | $82,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,375 |
| Fees for services: Accounting | $21,820 |
| Fees for services: Lobbying | $174,825 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,155 |
| Fees for services: Other | -$9,649 |
| Advertising and promotion | $23,438 |
| Office expenses | $140,871 |
| Information technology | $268,719 |
| Royalties | $0 |
| Occupancy | $92,461 |
| Travel | $29,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $229,864 |
| Interest | $6,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,197 |
| Insurance | $4,370 |
| All other expenses | $17,514 |
| Total functional expenses | $2,866,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,770 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,004,802 |
| 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 | $56,864 |
| Net Land, buildings, and equipment | $29,349 |
| Investments—publicly traded securities | $4,243,659 |
| Investments—other securities | $120,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,694 |
| Total assets | $5,814,138 |
| Accounts payable and accrued expenses | $603,931 |
| Grants payable | $0 |
| Deferred revenue | $223,309 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $977,240 |
| Net assets without donor restrictions | $4,836,898 |
| 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 | $5,814,138 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Tooling & Machining Assocation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Tooling And Machining Foundation Inc Cleveland, OH PURPOSE: SUPPORT FOR NIMS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
National Kitchen & Bath Assoc Bethlehem, PA | $28,104,693 | $9,331,415 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |
Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |