Electronic Representatives Association
- Assets
- $997.3k
- Revenue
- $904.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Elk Grove Village, IL
- Founding
- 08/1944
- Data as of
- 12/2021
- EIN
- 36-2197334
Organization Overview
Electronic Representatives Association is located in Elk Grove Village, IL. The organization was established in 1944. According to its NTEE Classification (N01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Electronic Representatives Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electronic Representatives 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 12/2021, Electronic Representatives Association generated $904.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $718.4k during the year ending 12/2021. While expenses have increased by 4.3% 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
THE ASSOCIATIONS PRIMARY PURPOSE IS DEVOTED TO FURTHERING THE KNOWLEDGE, PROVIDE INFORMATION AND PROVIDE SEMINARS TO AND ON BEHALF OF ITS MEMBERS AND OTHER INTERESTED PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. THE ASSOCIATION RUNS A MAJOR MEETING INVITING ALL MEMBERS FOR EDUCTIONAL ACTITIVITIES AND DISCUSSIONS ON THE STATUS AND FUTURE OF THE ELECTORNICS INDUSTRY. THE MEMBERS INCLUDE SALES REPRESENTATIVES, DISTRIBUTORS AND MANUFACTURERS OF ELECTRONIC PRODUCTS.
3. THE ASSOCIATION PUBLISHES A QUARTERLY MAGAZINE IN PRINT AND ON LINE AND ALSO PRODUCES A MEMEBRSHIP DIRECTORY ON THE INERNET FOR MEMBERS, MANUFACTURERS AND OTHER INTERESTED PUBLIC. THE MAGAZINE IS WIDELY DISTRIBTUED.
2. UNDER NORMAL CONDITIONS THE ORGANIZATION ATTENDS MAJOR INDUSTRY TRADE SHOWS TO BE IN CONACT WITH MEMBERS, MAKE CONTACT WITH POTENTIAL MEMEBRS TO EXPLAIN BENEFITS AND MEET WITH OTHER EMEMBERS OF THE INDUSTRY TO DISCUSS AND SUGGEST IDEAS ON IMPORTANT ISSUES. THE TRADE SHOWS ARE TAX EXEMPT. DUE TO COVID-19, THESE ACTIVITIES HVAE BEEN REDUCED. ROYALTIES HAVE BEEN RECEIVED FOR SPONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Tobin Chief Executive | Officer | 0 | $150,000 |
David Fitzgerald Senior VP - Membership | OfficerTrustee | 0 | $0 |
Kingsland Combs Senior VP - At Large | OfficerTrustee | 0 | $0 |
Tom Griffin Senior VP - Legal Fincl | OfficerTrustee | 0 | $0 |
Ellen Coan Senior VP - Education | OfficerTrustee | 0 | $0 |
Charles Tanzola Chairman | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $318,463 |
| 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 | $318,463 |
| Total Program Service Revenue | $567,082 |
| Investment income | $0 |
| 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 | $904,721 |
| 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. | $174,454 |
| Compensation of current officers, directors, key employees. | $95,949 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,920 |
| Payroll taxes | $30,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,915 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,741 |
| Office expenses | $34,357 |
| Information technology | $18,629 |
| Royalties | $0 |
| Occupancy | $6,327 |
| Travel | $22,033 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $196,950 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,431 |
| All other expenses | $0 |
| Total functional expenses | $718,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $944,291 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,507 |
| 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 | $48,492 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $997,290 |
| Accounts payable and accrued expenses | $67,210 |
| Grants payable | $9 |
| Deferred revenue | $531,060 |
| 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 | $19,677 |
| Total liabilities | $617,956 |
| Net assets without donor restrictions | $0 |
| 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 | $379,334 |
| Total liabilities and net assets/fund balances | $997,290 |
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