Equipment And Tool Institute

Organization Overview

Equipment And Tool Institute is located in Farmington Hills, MI. The organization was established in 1948. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Equipment And Tool Institute employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equipment And Tool Institute 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, Equipment And Tool Institute generated $791.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $933.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE CLOSER RELATIONSHIPS AMONG AUTO EQUIPMENT TOOL MANUFACTURERS INCLUDING TECHNICAL INFO PROVIDERS. TO PROMOTE INFO EXCHANGE BETWEEN AUTO MANUFACTURERS AND MEMBERS FOR THE BENEFIT OF CONSUMERS AS WELL AS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ORGANIZE MEETINGS FOR MEMBERS IN THE AUTO INDUSTRY TO DISCUSS FUTURE DESIGNS OF AUTOMOTIVE SYSTEMS AND TECHNOLOGY AS THEY RELATE TO SERVICE TOOLS AND EQUIPMENT, AND THE MAINTENANCE OR REPAIRS OF SYSTEMS.


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Board, Officers & Key Employees

Name (title)Compensation
Brian Plott
Executive Manager
$166,113
Greg Potter
Technical Director
$143,969
Ed Prang
VP Programs
$0
Robert Vogt
Imed Past President
$0
Harlan Siegal
President
$0
David Rich
VP Marketing
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$732,360
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$732,360
Total Program Service Revenue$58,337
Investment income $1,085
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 $791,782

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