National Truck Equipment Association
- Assets
- $27.1m
- Revenue
- $13.2m
- Investments
- $1.0k
- Employees
- 30
- Location
- Farmington Hills, MI
- Founding
- 12/1968
- Data as of
- 04/2022
- EIN
- 38-2274542
Organization Overview
National Truck Equipment Association, operating under the name Ntea, is located in Farmington Hills, MI. The organization was established in 1968. 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 04/2022, Ntea employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ntea 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 04/2022, Ntea generated $13.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $9.0m during the year ending 04/2022. While expenses have increased by 0.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE GENERAL GOODWILL AND PUBLIC RELATIONS OF TRUCK EQUIPMENT MANUFACTURERS AND DISTRIBUTORS, ADVOCATE HIGH STANDARDS OF SERVICE, QUALITY AND CONDUCT, IMPROVE KNOWLEDGE AND EFFICIENCY, PROMOTE SAFETY, EDUCATE MEMBERS, REPRESENT INDUSTRY WITH REGARD TO LEGISLATIVE AND REGULATORY ISSUES, AND DEVELOP PERFORMANCE STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ORGANIZES AN ANNUAL TRADE SHOW. INCOME FROM THE SHOW IS DERIVED PRIMARILY FROM THE SALE OF EXHIBIT SPACE AND REGISTRATION FEES CHARGED TO ATTENDEES.
THE ASSOCIATION SELLS MISCELLANEOUS ITEMS, PRIMARILY TO MEMBERS. THESESALES ARE CONSIDERED UNRELATED BUSINESS INCOME.
THE ASSOCIATION CONDUCTS SURVEYS OF MEMBERS AND OFFERS SEMINARS TO MEMBERS ON CURRENT REGULATORY, LEGISLATIVE AND LEGAL ISSUES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen T Carey President/ceo/secretary | OfficerTrustee | 40 | $383,774 |
Michael E Kastner Managing Director | 40 | $248,881 | |
Suzanne Clark-York Managing Director | 40 | $175,081 | |
Kevin Koester Managing Director | 40 | $134,593 | |
Kathy Swartzentrover Director Of Sales | 40 | $113,897 | |
Stephen Spata Technical Assistance Director | 40 | $107,726 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Audio Visual Llc Av Event Management | 4/29/20 | $401,991 |
Captial Improvement Board Of Managers Convention Center | 4/29/20 | $322,221 |
Printwell Inc Printing | 4/29/20 | $784,630 |
Freeman Event Management | 4/29/20 | $575,417 |
Washington Speakers Bureau Speakers | 4/29/20 | $205,549 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $842,026 |
| 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 | $842,026 |
| Total Program Service Revenue | $11,343,749 |
| Investment income | $916,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $190,291 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$140,532 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,173,388 |
| 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. | $453,598 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,835,493 |
| Pension plan accruals and contributions | $287,028 |
| Other employee benefits | $248,739 |
| Payroll taxes | $219,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,556 |
| Fees for services: Accounting | $45,550 |
| Fees for services: Lobbying | $143,120 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105,801 |
| Fees for services: Other | $16,444 |
| Advertising and promotion | $243,722 |
| Office expenses | $40,722 |
| Information technology | $251,576 |
| Royalties | $0 |
| Occupancy | $167,976 |
| Travel | $285,915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,123,030 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,666 |
| Insurance | $90,163 |
| All other expenses | $12,500 |
| Total functional expenses | $8,954,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,433 |
| Savings and temporary cash investments | $5,921,193 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $772,461 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,162 |
| Prepaid expenses and deferred charges | $231,953 |
| Net Land, buildings, and equipment | $1,870,071 |
| Investments—publicly traded securities | $18,042,713 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,500 |
| Total assets | $27,097,486 |
| Accounts payable and accrued expenses | $941,849 |
| Grants payable | $0 |
| Deferred revenue | $1,126,916 |
| 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 | $547,853 |
| Total liabilities | $2,616,618 |
| Net assets without donor restrictions | $24,480,868 |
| 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 | $27,097,486 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |
Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |