Associated Equipment Distributors
- Assets
- $13.4m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 28
- Location
- Schaumburg, IL
- Founding
- 07/1943
- Data as of
- 12/2023
- EIN
- 36-2098486
Organization Overview
Associated Equipment Distributors 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 12/2023, Associated Equipment Distributors employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Equipment Distributors 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 12/2023, Associated Equipment Distributors generated $7.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $6.2m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AED IS AN INTERNATIONAL TRADE ASSOCIATION REPRESENTING COMPANIES INVOLVED IN THE DISTRIBUTION, RENTAL AND SUPPORT OF EQUIPMENT USED IN CONSTRUCTION, MINING, FORESTRY, POWER GENERATION, AGRICULTURE AND INDUSTRIAL APPLICATIONS. WE ENHANCE THE ONGOING SUCCESS AND PROFITABILITY OF OUR MEMBER COMPANIES AND RELATED CONSTITUENCIES BY CREATING AND PROVIDING HIGH QUALITY PRODUCTS, SERVICES AND INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL MEETING IS CONDUCTED AS AN EDUCATIONAL AND NETWORKING SERVICE FOR MEMBERS OF THE ASSOCIATION. OVER A FOUR-DAY PERIOD, THE ANNUAL MEETING PROVIDES UNIQUE SERVICES FOR EMPLOYEES OF THE ORGANIZATION'S MEMBER FIRMS. DURING THE CONVENTION, THE PARTICIPANTS CAN TAKE ADVANTAGE OF THE APPROXIMATELY 25 HOURS OF EDUCATIONAL PROGRAMMING AND AN EQUAL NUMBER OF HOURS FOR NETWORKING WITH PEERS.
THE DUES CHARGED TO MEMBER COMPANIES PROVIDE THE MAJOR SOURCE OF SUPPORT THAT ENABLES THE ORGANIZATION TO PROVIDE EDUCATIONAL ACTIVITIES AND BUSINESS SERVICES FOR THE MEMBERS. THE DUES ARE CHARGED TO MEMBERS ACCORDING TO THEIR RESPECTIVE ANNUAL SALES AND ARE THE MAIN SOURCE OF FUNDS NEEDED TO CONTINUE OPERATING THE ANNUAL MEETING, PUBLISH INDUSTRY HANDBOOKS AND SPECIAL REPORTS ON CURRENT BUSINESS ISSUES.
THE EXECUTIVE FORUM BRINGS TOGETHER THE EQUIPMENT INDUSTRY'S TOP EXECUTIVES AND EXPERTS TO DISCUSS TRENDS AND ISSUES THAT ARE SHAPING THE FUTURE OF EQUIPMENT DISTRIBUTION. THE FORUM PROVIDES PARTICIPATING EXECUTIVES WITH MANAGEMENT CONCEPTS DIRECTLY APPLICABLE TO THE SUCCESS OF THEIR BUSINESS, AN UNPARALLELED OPPORTUNITY TO DELVE INTO CHALLENGING ISSUES WITH INDUSTRY LEADERS, ACTIONABLE STRATEGIES FOR THE ISSUES THEY ARE FACING AND VALUABLE NETWORKING AND CONSULTATIVE OPPORTUNITIES WITH BOTH SPEAKERS AND FELLOW PARTICIPANTS.
THE ASSOCIATION PROVIDES A VARIETY OF PUBLISHED MATERIALS WHICH ARE AIMED AT HELPING MEMBER COMPANIES UNDERSTAND CONTEMPORARY MANAGEMENT ISSUES IN ORDER TO OPERATE THEIR BUSINESSES MORE EFFECTIVELY. OFTEN THE PUBLISHED SERVICES (MANUALS, WORKBOOKS, SPECIAL REPORTS, NEWSLETTERS, ETC.) ARE THE RESULTS OF SURVEYS OR DEDICATED RESEARCH ON MANAGEMENT ISSUES SUCH AS SALES, PRODUCT SUPPORT, SAFETY, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Di Iorio Chairman | OfficerTrustee | 5 | $0 |
John Shearer Sr Vice Chairman | OfficerTrustee | 5 | $0 |
Brian P Mcguire President & CEO | OfficerTrustee | 50 | $438,783 |
Jerry Donlon 2nd Vice Chairmain | OfficerTrustee | 5 | $0 |
Dave Primrose Vice Chairman | OfficerTrustee | 5 | $0 |
Tim Watters Chairman Aed Founndtion | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Obadal Filler Maccleod & Klein Plc Advocacy | 12/30/16 | $752,716 |
Freeman Audio Visual Solutions Technology | 12/30/16 | $257,483 |
Alliance For Responsible Cuba Policy Foundation Consulting | 12/30/16 | $159,000 |
Keppler Associates Inc Advocacy | 12/30/16 | $102,682 |
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 | $6,727,923 |
| Investment income | $253,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $137,043 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,126,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $300,000 |
| 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. | $1,159,703 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $852,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $166,120 |
| Payroll taxes | $119,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $164,741 |
| Fees for services: Accounting | $107,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,576 |
| Fees for services: Other | $150,364 |
| Advertising and promotion | $60,756 |
| Office expenses | $150,615 |
| Information technology | $57,903 |
| Royalties | $0 |
| Occupancy | $73,609 |
| Travel | $508,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,733,069 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,619 |
| Insurance | $55,950 |
| All other expenses | $61,571 |
| Total functional expenses | $6,206,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,367,226 |
| Savings and temporary cash investments | $922,961 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $573,322 |
| 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 | $708,581 |
| Net Land, buildings, and equipment | $23,664 |
| Investments—publicly traded securities | $8,259,094 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $518,664 |
| Total assets | $13,373,512 |
| Accounts payable and accrued expenses | $587,941 |
| Grants payable | $0 |
| Deferred revenue | $4,727,651 |
| 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 | $1,016,555 |
| Total liabilities | $6,332,147 |
| Net assets without donor restrictions | $7,041,365 |
| 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 | $13,373,512 |