Automotive Industry Action Group
- Assets
- $16.8m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 57
- Location
- Southfield, MI
- Founding
- 08/1983
- Data as of
- 12/2023
- EIN
- 38-2468128
Organization Overview
Automotive Industry Action Group, operating under the name Aiag, is located in Southfield, MI. The organization was established in 1983. 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 12/2023, Aiag employed 57 individuals. This organization is the central organization for a national or regional group of organizations. Aiag 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 12/2023, Aiag generated $11.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $12.3m during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O. VISIONAIAG IS THE LEADING MOBILITY ASSOCIATION WHERE COMPANIES WORK COLLABORATIVELY TO DRIVE DOWN COST AND COMPLEXITY THROUGHOUT THE GLOBAL SUPPLY CHAIN.MISSIONTO PROVIDE A NEUTRAL, LEGAL, NON-COMPETITIVE FORUM FOR ALL MOBILITY VALUE CHAIN PARTICIPANTS TO ACTIVELY CREATE INNOVATIVE SOLUTIONS TO COMMON ISSUES DEVELOPED BY THE INDUSTRY, FOR THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP, PUBLISH, AND DISTRIBUTE INDUSTRY GUIDELINES AND STANDARDS FOR COMPANIES IN THE MOBILITY INDUSTRY. THESE DOCUMENTS/SOFTWARE PRODUCTS ARE DESIGNED TO REDUCE THE TECHNICAL AND ADMINISTRATIVE REWORK, ERROR AND WASTE IN THE MOBILITY SUPPLY CHAIN. AIAG SOLD OVER 25,000 STANDARDS AND GUIDELINES IN 2023.
PROVIDE EDUCATION, TRAINING, AND CERTIFICATIONS ON IMPROVING QUALITY SUPPLY CHAIN AND CORPORATE RESPONSIBILITY FOR THE MOBILITY INDUSTRY. AIAG TRAINED OVER 32,000 IN 2023.
PROVIDE A NEUTRAL FORUM FOR APPROXIMATELY 600 INDUSTRY EXPERTS TO DISCUSS AND DEVELOP STANDARDIZED BUSINESS PROCESSES AND PRACTICES FOR THE MOBILITY SUPPLY CHAIN. WE REPRESENT THE NORTH AMERICAN MOBILITY INDUSTRY AT VARIOUS INTERNATIONAL STANDARDS BODIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mina Cox - Specialty Products Director | Trustee | 1 | $0 |
Brooke Bowers - Adient Director | Trustee | 1 | $0 |
William Lechten - Micron Technology Director | Trustee | 1 | $0 |
Emmanuel Boudon - Nissan Director | Trustee | 1 | $0 |
David Leich - General Motors Director | Trustee | 1 | $0 |
Bruce Williams - Stellantis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Plexus Corportation Training Contractor | 12/30/21 | $1,604,492 |
Sh Huawei Usa Llc Consultant | 12/30/21 | $264,820 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,000 |
| 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 | $30,000 |
| Total Program Service Revenue | $10,066,140 |
| Investment income | $431,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,205,241 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,715 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,766,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,284 |
| Grants and other assistance to domestic individuals. | $12,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,172,709 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,808,427 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $638,578 |
| Payroll taxes | $354,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,360 |
| Fees for services: Accounting | $69,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,831 |
| Fees for services: Other | $776,187 |
| Advertising and promotion | $114,424 |
| Office expenses | $258,943 |
| Information technology | $592,961 |
| Royalties | $267,466 |
| Occupancy | $500,013 |
| Travel | $191,557 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $377,518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $793,910 |
| Insurance | $44,963 |
| All other expenses | $228 |
| Total functional expenses | $12,283,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,959 |
| Savings and temporary cash investments | $7,108,451 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $484,196 |
| 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 | $807,604 |
| Net Land, buildings, and equipment | $1,503,878 |
| Investments—publicly traded securities | $2,563,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,852,316 |
| Total assets | $16,793,572 |
| Accounts payable and accrued expenses | $1,191,647 |
| Grants payable | $0 |
| Deferred revenue | $3,214,376 |
| 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 | $4,620,461 |
| Total liabilities | $9,026,484 |
| Net assets without donor restrictions | $7,767,088 |
| 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 | $16,793,572 |