Coin Laundry Association
- Assets
- $5.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Oakbrook Terrace, IL
- Founding
- 08/1962
- Data as of
- 12/2021
- EIN
- 36-2439458
Organization Overview
Coin Laundry Association is located in Oakbrook Terrace, IL. The organization was established in 1962. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Coin Laundry Association employed 10 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Coin Laundry 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, Coin Laundry Association generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) 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
CLA IS A VOLUNTARY, NONPROFIT TRADE ASSOCIATION ORGANIZED TO FOSTER THE INTERESTS OF THE SELF-SERVICE LAUNDRY INDUSTRY, TO IMPROVE ITS SERVICE TO THE PUBLIC, TO INFORM ITS MEMBERS OF THE DEVELOPMENTS AFFECTING THE INDUSTRY, AND TO OTHERWISE PROMOTE THE INTERESTS OF THE INDUSTRY THROUGH THE CONDUCT OF LAWFUL TRADE ASSOCIATION ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLANETLAUNDRY IS THE ASSOCIATION'S PRINT AND DIGITAL PUBLICATION TARGETED TO MORE THAN 11,100 MEMBERS AND POTENTIAL INVESTORS IN THE SELF-SERVICE LAUNDRY INDUSTRY EACH MONTH. THE PRINT MAGAZINE HAS BEEN EDUCATING THE INDUSTRY ON BEST PRACTICES FOR MORE THAN 25 YEARS; AND THE PLANETLAUNDRY WEBSITE (WWW.PLANETLAUNDRY.COM) WELCOMED NEARLY 71,200 UNIQUE VISITORS IN 2021 AFFORDING ACCESSS TO THE MOST CURRENT INFORMATION ON THE LAUNDRY INDUSTRY THROUGH NEWS, BLOGS, DISCUSSION BOARDS, PODCASTS AND MORE. THE PLANETLAUNDRY BRAND HAS BECOME SYNONYMOUS WITH EXCELLENCE IN PUBLISHING FOR THE SELF-SERVICE LAUNDRY INDUSTRY AND IS THE MOST WIDELY READ PUBLICATION IN THE INDUSTRY.
MEMBER SERVICES DEDICATED TO IMPROVING THE PROFITABILITY AND UNDERSTANDING OF THE COIN LAUNDRY AND DRYCLEANING INDUSTRY INCLUDING INDUSTRY MARKETING AND PROVIDING EDUCATIONAL MATERIALS
THE COIN LAUNDRY ASSOCIATION (CLA) LAUNCHED CLA CONNECT ONLINE TO BRING PROFESSIONALS IN THE LAUNDRY INDUSTRY TOGETHER WITH THE INTENT OF HOLDING MORE MEETINGS IN MORE PLACES FOR MORE MEMBERS. CLA CONNECT LIVE BUILDS ON THE SUCCESS OF THE CLA CONNECT ONLINE AND OFFERS OPPORTUNITIES TO SHARE RESOURCES AND BEST PRACTICES AT FACE-TO-FACE EVENTS. THE GOAL OF CLA CONNECT LIVE IS TO BRING TOGETHER NEW AND POTENTIAL STORE OWNERS, DISTRIBUTORS AND MANUFACTURERS TO BUILD A COMMUNITY OF MUTUAL INTEREST, PROVIDE EXCELLENT CUSTOMER SERVICE AND POSITIVELY SERVE OUR COMMUNITIES. WE WILL DO THIS THROUGH ONGOING, INCLUSIVE, NON-BIASED, LOCAL FORUMS THAT PROVIDE: HIGH-QUALITY CONTINUOUS EDUCATION, ADVOCACY FOR FINANCIAL OPPORTUNITIES AND KEY GOVERNMENT ISSUES, SUCH AS STATE SALES TAX.EXPOSURE TO AND PARTICIPATION IN LAUNDRYCARES COMMUNITY SERVICE, OPPORTUNITIES TO NETWORK AND SHARE BEST PRACTICES WITH PEERS AND INDUSTRY, VISIBILITY TO KEY CLA INITIATIVES, EXECUTIVES AND BOARD OF DIRECTORS.COIN LAUNDRY ASSOCIATION (CLA) PLAYED A VITAL ROLE IN HELPING ITS MEMBERS AND THE INDUSTRY NAVIGATE THE CHALLENGES PRESENTED BY THE COVID-19 PANDEMIC INCLUDING: ADVOCATING FOR LAUNDROMATS TO BE DEEMED ESSENTIAL BUSINESSES BY STATE AND FEDERAL AUTHORITIES; PROVIDED INFORMATION AND ADVOCACY IN LIGHT OF THE QUARTER SHORTAGE; AND PROVIDED REGULAR VIDEO UPDATES AND EDUCATIONAL WEBINARS ON A NUMBER OF TOPICS RELATED TO MAINTAINING SAFER FACILITIES. CLA ALSO ADDED MORE SERVICES TO ITS CLA BUSINESS SOLUTIONS PORTFOLIO AIMED TO HELP LAUNDROMAT OWNERS ACCESS VETTED VENDORS FOR THE SUPPORT SERVICES THEY NEED TO RUN THEIR BUSINESSES MORE EFFICIENTLY.
VARIOUS MEETINGS, WORKSHOPS AND CONFERENCES TO EDUCATE AND UPDATE MEMBERS AND OTHERS ON TOPICS RELATING TO THE COIN LAUNDRY INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Wallace President & CEO | Officer | 40 | $240,102 |
Danielle Bauer Director Of Membership | 37.5 | $129,586 | |
Brian Grell Immediate Past Chair | OfficerTrustee | 3.5 | $0 |
Ted Ristaino Chair Elect | OfficerTrustee | 3.5 | $0 |
Brian Holland Vice Chair | OfficerTrustee | 3.5 | $0 |
Kathryn Rowen Chair | OfficerTrustee | 3.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walsworth Publishing Company Printing | 12/30/18 | $142,410 |
Fonteva Inc Software | 12/30/18 | $128,849 |
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 | $27,892 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,892 |
| Total Program Service Revenue | $1,425,426 |
| Investment income | $124,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $148,692 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $182,511 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,925,737 |
| 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. | $272,438 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $617,656 |
| Pension plan accruals and contributions | $26,279 |
| Other employee benefits | $68,525 |
| Payroll taxes | $62,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,900 |
| Fees for services: Accounting | $46,448 |
| Fees for services: Lobbying | $14,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,037 |
| Fees for services: Other | $94,834 |
| Advertising and promotion | $31,206 |
| Office expenses | $62,339 |
| Information technology | $100,917 |
| Royalties | $0 |
| Occupancy | $53,075 |
| Travel | $5,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $137,410 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,990 |
| Insurance | $14,353 |
| All other expenses | $0 |
| Total functional expenses | $1,967,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $243,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,036 |
| 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 | $74,790 |
| Net Land, buildings, and equipment | $39,344 |
| Investments—publicly traded securities | $5,316,852 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,569 |
| Total assets | $5,762,478 |
| Accounts payable and accrued expenses | $60,211 |
| Grants payable | $0 |
| Deferred revenue | $253,988 |
| 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 | $67,000 |
| Total liabilities | $381,199 |
| Net assets without donor restrictions | $5,081,932 |
| Net assets with donor restrictions | $299,347 |
| 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 | $5,762,478 |
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|---|---|---|
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