Technology And Manufacturing Association
- Assets
- $3.5m
- Revenue
- $2.6m
- Investments
- $1.0k
- Employees
- 48
- Location
- Schaumburg, IL
- Founding
- 08/1943
- Data as of
- 12/2022
- EIN
- 36-1804560
Organization Overview
Technology And Manufacturing Association is located in Schaumburg, IL. The organization was established in 1943. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Technology And Manufacturing Association employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technology And Manufacturing 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 12/2022, Technology And Manufacturing Association generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 0.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES EDUCATIONAL OPPORTUNITIES, REPRESENTING, AND PROMOTING THE INTERESTS OF MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES ITS MEMBERS WITH WORKFORCE AND 401K ADMINISTRATIVE SERVICES SUCH AS HUMAN RELATIONS CONSULTING, COMPREHENSIVE LABOR LAW AUDIT SERVICES, UNEMPLOYMENT INSURANCE ADMINISTRATION, AND INTERNET JOB PORTAL SERVICES SPECIFICALLY TARGETED FOR THE MANUFACTURING INDUSTRY.
THE ASSOCIATION ALSO PROVIDES ITS MEMBERS WITH EDUCATION AND TRAINING OPPORTUNITIES IN AREAS RELATING TO THE MANUFACTURING INDUSTRY. THE ASSOCIATION PROVIDES NEEDS ASSESSMENT AND PROGRAM DEVELOPMENT CONSULTATIONS, SEMINARS AND COURSES, APPRENTICE TRAINING RELATED THEORY INSTRUCTIONS, SCHOOL OF DESIGN CLASSES, COMPUTER LABS, HANDS-ON THE ASSOCIATION ALSO HOSTS A NUMBER OF EVENTS THAT PROVIDE MEMBERS WITH PRESSROOM TRAINING, SALES TRAINING AND CONSULTING, WORKPLACE TRAINING AND NATIONAL INSTITUTE FOR METALWORKING SKILLS ASSESSMENTS. OTHER PROGRAMS INCLUDE PUBLICATION OF THE TMA NEWS BULLETIN WHICH PROVIDES MEMBERS WITH INSIGHT ON TMA AND INDUSTRY DEVELOPMENTS.
THE ASSOCIATION ALSO HOSTS A NUMBER OF EVENTS THAT PROVIDE MEMBERS WITH EDUCATIONAL, TRAINING, MARKETING AND NETWORKING OPPORTUNITIES TO INCREASE SKILLS AND FURTHER THEIR KNOWLEDGE OF THE INDUSTRY. THE ASSOCIATION ALSO HOLDS ITS ANNUAL MEETING WHICH PROVIDES MEMBERS WITH A FORUM FOR DISCUSSION OF LATEST DEVELOPMENTS AND INDUSTRY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Simeone Chairman | OfficerTrustee | 1 | $0 |
Nicole Wolter Vice Chairman | OfficerTrustee | 1 | $0 |
Craig Zoberis Treasurer | OfficerTrustee | 1 | $0 |
Ben Barnett Past Chairman | OfficerTrustee | 1 | $0 |
Joe Bettinardi Director | Trustee | 1 | $0 |
Lynn Dreisilker Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chatfield Group Consultant | 12/30/20 | $250,722 |
Cor Strategies Inc Public Relations | 12/30/20 | $159,227 |
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 | $42,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,187 |
| Total Program Service Revenue | $2,385,462 |
| Investment income | $7,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $88,409 |
| Net Rental Income | -$5,959 |
| Net Gain/Loss on Asset Sales | -$66,692 |
| Net Income from Fundraising Events | $401 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,574,462 |
| 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. | $641,199 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,561 |
| Pension plan accruals and contributions | $4,056 |
| Other employee benefits | $144,771 |
| Payroll taxes | $98,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,295 |
| Fees for services: Accounting | $126,163 |
| Fees for services: Lobbying | $31,055 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,281 |
| Advertising and promotion | $78,212 |
| Office expenses | $85,158 |
| Information technology | $122,257 |
| Royalties | $0 |
| Occupancy | $61,303 |
| Travel | $27,784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $213,457 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,367 |
| Insurance | $6,143 |
| All other expenses | $2,840 |
| Total functional expenses | $2,709,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $605,651 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $609,240 |
| 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 | $70,461 |
| Net Land, buildings, and equipment | $1,470,590 |
| Investments—publicly traded securities | $686,899 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,070 |
| Total assets | $3,500,911 |
| Accounts payable and accrued expenses | $397,170 |
| Grants payable | $0 |
| Deferred revenue | $660,957 |
| 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 | $1,058,127 |
| Net assets without donor restrictions | $2,442,784 |
| 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 | $3,500,911 |