American Rental Association
- Assets
- $57.3m
- Revenue
- $10.0m
- Investments
- $26.5m
- Employees
- 73
- Location
- Moline, IL
- Founding
- 12/1984
- Data as of
- 12/2022
- EIN
- 36-2425015
Organization Overview
American Rental Association is located in Moline, IL. The organization was established in 1984. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, American Rental Association employed 73 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Rental 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, American Rental Association generated $10.0m 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 (6.3%) each year. All expenses for the organization totaled $16.3m during the year ending 12/2022. 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
TO SUPPORT THE SUCCESS OF MEMBERS AND ADVANCE THE EQUIPMENT AND EVENT RENTAL INDUSTRY. WE HOLD AN ANNUAL CONVENTION, PRODUCE A MAGAZINE, AND PROVIDE VARIOUS OTHER MEMBER SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION AND CONFERENCES HELD FOR THE BENEFIT OF MEMBERS NATIONWIDE. MAJOR EXPENSES INCLUDE TRAVEL, HOTEL, HALL RENTAL, BUSING, DECORATING, ACTIVITIES, AND SPEAKERS.
BENEFIT PROGRAMS FOR A.R.A. MEMBERS - SUCH AS THE MONTHLY PUBLICATION OF "RENTAL MANAGEMENT" MAGAZINE, SEMINARS, PRODUCT SURVEYS, SAFETY GUIDELINES, EMPLOYEE TRAINING MANUALS, CALENDARS, AUDIO/VISUAL AIDS, ETC. THESE PROGRAMS ARE FUNDED THROUGH MEMBERSHIP DUES AND PROGRAM CHARGES. THE "RENTAL MANAGEMENT" MAGAZINE ADVERTISING REVENUE OF $1,903,361 IS UNRELATED BUSINESS REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Heesacker Region Seven Director | Trustee | 1 | $0 |
Scott Pevey Associate Member Director | Trustee | 1 | $0 |
John Scott Region Three Director | Trustee | 1 | $0 |
Angie Venekamp Region Ten Director | Trustee | 1 | $0 |
Brian A Richardson Region Two Director | Trustee | 1 | $0 |
Steve Ricci Region Eight Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lambert Associates Llc Advertising Sales | 12/30/22 | $163,691 |
Mds Associates Advertising Sales | 12/30/22 | $189,984 |
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 | $7,523,916 |
| Investment income | $468,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $558,838 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,988,936 |
| 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. | $735,806 |
| Compensation of current officers, directors, key employees. | $149,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,384,046 |
| Pension plan accruals and contributions | $170,989 |
| Other employee benefits | $707,914 |
| Payroll taxes | $434,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,926 |
| Fees for services: Accounting | $35,593 |
| Fees for services: Lobbying | $586,570 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,339 |
| Fees for services: Other | $1,076,308 |
| Advertising and promotion | $0 |
| Office expenses | $216,446 |
| Information technology | $300,795 |
| Royalties | $0 |
| Occupancy | $173,934 |
| Travel | $1,443,511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $794,551 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,997 |
| Insurance | $47,211 |
| All other expenses | $1,215,682 |
| Total functional expenses | $16,274,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,699,740 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,111,171 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $122,361 |
| Prepaid expenses and deferred charges | $1,924,066 |
| Net Land, buildings, and equipment | $1,258,679 |
| Investments—publicly traded securities | $24,474,891 |
| Investments—other securities | $26,484,713 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $230,703 |
| Total assets | $57,306,324 |
| Accounts payable and accrued expenses | $1,022,589 |
| Grants payable | $0 |
| Deferred revenue | $9,740,025 |
| 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 | $327,672 |
| Total liabilities | $11,090,286 |
| 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 | $46,216,038 |
| Total liabilities and net assets/fund balances | $57,306,324 |