National Truck Equipment Association

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 04/2023, 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 04/2023, Ntea generated $13.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $9.7m during the year ending 04/2023. While expenses have increased by 1.7% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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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Board, Officers & Key Employees

Name (title)Compensation
Tina Albright
Board Chair
$0
David J Scheitlin
First Vice Chair
$0
Jason Ritchey
Second Vice Chairman
$0
Ben Winter
Third Vice Chair/treasurer
$0
Mike Randolph
Director
$0
Pat Godwin Jr
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
White Legacy Properties
Food/convention Svcs
$179,473
Lmn Dev Spe Llc
Food/convention Svcs
$130,952
Rsm Us Llp
It Consulting
$100,444
Baker & Miller Pllc
Legal Services
$102,885
View All Vendors

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$11,927,882
Investment income $1,090,624
Tax Exempt Bond Proceeds $0
Royalties $178,018
Net Rental Income $0
Net Gain/Loss on Asset Sales -$106,207
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,105,858

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