Indiana Motor Truck Association Inc
- Assets
- $457.0k
- Revenue
- $976.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Indianapolis, IN
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 35-0410550
Organization Overview
Indiana Motor Truck Association Inc is located in Indianapolis, IN. The organization was established in 1945. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Indiana Motor Truck Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Motor Truck Association Inc 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, Indiana Motor Truck Association Inc generated $976.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $973.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) 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
LOBBYING FOR AND PROMOTING THE TRUCKING INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION - MULTI-DAY CONVENTION PROMOTING THE TRUCKING INDUSTRY IN INDIANA. 175 ATTENDEES IN 2021
PUBLICATION - THE ASSOCIATION HAS A WEEKLY E-NEWSLETTER TRUCKING PUBLICATION WITH A CIRCULATION OF ABOUT 998 AND A QUARTERLY MAGAZINE CIRCULATION OF 856. INCLUDES VALUABLE INFORMATION FOR THE TRUCKING INDUSTRY.
MEMBER SERVICES - SUPPLY TRUCKING FORMS, EDUCATIONAL MEETINGS, SPECIAL EVENTS, TRUCKING AWARDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Langston President | Officer | 40 | $162,387 |
Larry Limp Chairman | OfficerTrustee | 2 | $0 |
Robert Haag 1st Vice Chairman | OfficerTrustee | 2 | $0 |
Casey Stump 2nd Vice Chairman | OfficerTrustee | 2 | $0 |
Jeffrey Stoops Treasurer | OfficerTrustee | 2 | $0 |
Jessica Warnke Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,389 |
| Related organizations | $0 |
| Government grants | $72,065 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,454 |
| Total Program Service Revenue | $689,473 |
| Investment income | $10,357 |
| 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 | $976,761 |
| 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. | $162,387 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,670 |
| Pension plan accruals and contributions | $11,341 |
| Other employee benefits | $0 |
| Payroll taxes | $26,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $808 |
| Fees for services: Accounting | $15,265 |
| Fees for services: Lobbying | $60,656 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,232 |
| Advertising and promotion | $11,886 |
| Office expenses | $28,177 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,983 |
| Travel | $304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144,990 |
| Interest | $1,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,178 |
| Insurance | $39,049 |
| All other expenses | $51,310 |
| Total functional expenses | $973,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,538 |
| Savings and temporary cash investments | $194,718 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,998 |
| 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 | $19,939 |
| Net Land, buildings, and equipment | $7,773 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $456,966 |
| Accounts payable and accrued expenses | $27,434 |
| Grants payable | $0 |
| Deferred revenue | $170,128 |
| 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 | $197,562 |
| Net assets without donor restrictions | $259,404 |
| 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 | $456,966 |