Michigan Aggregates Association Inc
- Assets
- $924.2k
- Revenue
- $875.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Okemos, MI
- Founding
- 11/1983
- Data as of
- 12/2021
- EIN
- 38-2343279
Organization Overview
Michigan Aggregates Association Inc is located in Okemos, MI. The organization was established in 1983. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Michigan Aggregates Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Aggregates Association Inc 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, Michigan Aggregates Association Inc generated $875.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $691.2k during the year ending 12/2021. While expenses have increased by 4.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT AND PROMOTE THE INTERESTS, GROWTH AND WELFARE OF THE MICHIGAN AGGREGATES INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS AND WORKSHOPS THAT PROMOTE THE CONTINUATION OF FAIR BUSINESS PRACTICES IN THE SURFACE EXTRACTION AND PROCESSING OF NON-METALLIC MINERAL RESOURCES FOR ABOUT 110 MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Needham Executive Di | Officer | 40 | $212,500 |
Rick Kidd Chair | OfficerTrustee | 2 | $0 |
Mark Schlegel Vice Chair | OfficerTrustee | 2 | $0 |
Sky Cheney Treasurer | OfficerTrustee | 2 | $0 |
Dan Balkema Immediate Pa | OfficerTrustee | 2 | $0 |
John Abbitt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,200 |
| 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 | $41,200 |
| Total Program Service Revenue | $793,488 |
| Investment income | $8,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,320 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $875,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $231,656 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,093 |
| Pension plan accruals and contributions | $2,295 |
| Other employee benefits | $0 |
| Payroll taxes | $17,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,659 |
| Fees for services: Accounting | $13,840 |
| Fees for services: Lobbying | $19,080 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,063 |
| Fees for services: Other | $32,565 |
| Advertising and promotion | $0 |
| Office expenses | $34,431 |
| Information technology | $2,400 |
| Royalties | $0 |
| Occupancy | $25,628 |
| Travel | $21,689 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150,080 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,266 |
| Total functional expenses | $691,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,678 |
| 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 | $30,193 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $743,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $924,230 |
| Accounts payable and accrued expenses | $28,559 |
| Grants payable | $0 |
| Deferred revenue | $57,020 |
| 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 | $85,579 |
| Net assets without donor restrictions | $838,651 |
| 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 | $924,230 |
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