Power Transmission Distributors Association
- Assets
- $2.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Chicago, IL
- Founding
- 04/1965
- Data as of
- 12/2021
- EIN
- 36-6094108
Organization Overview
Power Transmission Distributors Association is located in Chicago, IL. The organization was established in 1965. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Power Transmission Distributors Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Power Transmission Distributors 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, Power Transmission Distributors Association generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) 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
TO PROMOTE AND ADVANCE THE FIELDS OF POWER TRANSMISSION AND MOTION CONTROL EQUIPMENT ENGINEERING AND SALES, THROUGH ACTIVITIES AND PROGRAMS DESIGNED TO IMPROVE BUSINESS PRACTICES, MARKETING PROGRAMS, VALUE ADDED SERVICES AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC GOAL IS TO DEVELOP PROGRAMS THAT FOSTER RELATIONSHIPS BETWEEN THOSE IN THE POWER TRANSMISSION/MOTION CONTROL INDUSTRIAL DISTRIBUTION CHANNEL. THE ANNUAL INDUSTRY SUMMIT BRINGS TOGETHER THE INDUSTRY LEADERS OF THE POWER TRANSMISSION/MOTION CONTROL DISTRIBUTION CHANNEL TO FOSTER BUSINESS RELATIONSHIPS, EXCHANGE IDEAS, IMPROVE BUSINESS PARTNERSHIPS, LEARN NEW INFORMATION AND TECHNIQUES AND GAIN INSIGHT INTO MARKET TRENDS AFFECTING THEIR BUSINESSES. 2021 INDUSTRY SUMMIT HAD 341 DELEGATES WITH 41 PRESS, SPEAKERS, SPOUSES AND GUESTS. THE 2021 VIRTUAL CANADIAN CONFERENCE HAD 109 DELEGATES.
STRATEGIC GOAL IS TO PROVIDE PROFESSIONAL DEVELOPMENT PROGRAMS IN THE POWER TRANSMISSION/MOTION CONTROL INDUSTRY. CONTINUING EDUCATION PRODUCT SALES: PTDA HAS DEVELOPED A VARIETY OF CONTINUING EDUCATION TRAINING RESOURCES TO ASSIST MEMBERS IN THE SKILL AND KNOWLEDGE DEVELOPMENT OF THEIR EMPLOYEES, PARTICULARLY IN THE AREAS OF TECHNICAL KNOWLEDGE AND SALES SKILLS TRAINING.PRINCIPLE PRODUCTS INCLUDE: POWER TRANSMISSION HANDBOOK/WORKBOOK, POWER TRANSMISSION HANDBOOK/VIDEOS,AND DISTRIBUTION AND THE POWER OF PROFIT.
STRATEGIC GOAL IS TO EMPOWER PTDA MEMBERS TO INFLUENCE THEIR END CUSTOMER SO THAT BUYING THROUGH A PTDA DISTRIBUTOR MEMBER IS AN END CUSTOMER'S CHANNEL OF CHOICE.PTDA IS RESEARCHING PT/MC END CUSTOMER NEEDS AND VALUES IN ORDER TO PROVIDE PTDA MEMBERS WITH THESE INSIGHTS AND DISCOVERIES TO BETTER MARKET THEIR PRODUCTS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Arnott Executive Vp/ceo | Officer | 45 | $217,753 |
Anna Meyer Sr Dir Of Project Management | 40 | $101,583 | |
Brian Davis President | OfficerTrustee | 2 | $0 |
Chris Bursack Treasurer | OfficerTrustee | 2 | $0 |
Jean-Pierre Bouchard First Vice President | OfficerTrustee | 2 | $0 |
Mike Mclain Second Vice President | OfficerTrustee | 2 | $0 |
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 | $54,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,500 |
| Total Program Service Revenue | $1,406,878 |
| Investment income | $31,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,063 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $149,510 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $87,206 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,007,433 |
| 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. | $243,714 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $574,069 |
| Pension plan accruals and contributions | $17,198 |
| Other employee benefits | $52,348 |
| Payroll taxes | $63,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,524 |
| Fees for services: Accounting | $21,302 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,066 |
| Fees for services: Other | $24,114 |
| Advertising and promotion | $4,031 |
| Office expenses | $68,620 |
| Information technology | $71,002 |
| Royalties | $0 |
| Occupancy | $142,303 |
| Travel | $15,391 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $386,688 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,102 |
| Insurance | $6,998 |
| All other expenses | $8,959 |
| Total functional expenses | $1,817,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $520,837 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,091 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,675 |
| Prepaid expenses and deferred charges | $126,979 |
| Net Land, buildings, and equipment | $8,800 |
| Investments—publicly traded securities | $1,957,385 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,165 |
| Total assets | $2,682,932 |
| Accounts payable and accrued expenses | $356,648 |
| Grants payable | $0 |
| Deferred revenue | $182,482 |
| 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 | $539,130 |
| Net assets without donor restrictions | $2,143,802 |
| 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 | $2,682,932 |
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Amalgamated Social Benefits Association Chicago, IL | $4,079,204 | $2,494,451 |
Wisconsin Rural Water Association Inc Plover, WI | $3,269,363 | $2,411,727 |
Power Transmission Distributors Association Chicago, IL | $2,682,932 | $2,007,433 |
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