National Fluid Power Association
- Assets
- $6.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Milwaukee, WI
- Founding
- 01/1955
- Data as of
- 06/2022
- EIN
- 39-0965589
Organization Overview
National Fluid Power Association is located in Milwaukee, WI. The organization was established in 1955. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 06/2022, National Fluid Power Association employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Fluid Power Association 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 06/2022, National Fluid Power Association generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 2.8% 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
NFPA'S MISSION IS TO STRENGTHEN THE FLUID POWER INDUSTRY BY BUILDING AN EFFECTIVE FORUM, PROVIDING INDUSTRY STATISTICS, PROMOTING FLUID POWER, AND GROWING THE EDUCATED WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFECTIVE FORUM: NFPA PROVIDES AN EFFECTIVE FORUM FOR FLUID POWER MANUFACTURERS, DISTRIBUTORS, AND SUPPLIERS TO ADVANCE THEIR COLLECTIVE INTERESTS. INCLUDES AN ANNUAL CONFERENCE, A SERIES OF REGIONAL CONFERENCES, ASSOCIATION COMMITTEES AND COUNCILS, A NETWORK OF FUTURE INDUSTRY LEADERS, AND ISO STANDARD SETTING ACTIVITIES.
INDUSTRY STATISTICS - NFPA PROVIDES ITS MEMBERS WITH TIMELY AND ACCURATE INDUSTRY STATISTICS AND BUSINESS INTELLIGENCE THAT SUPPORTS IMPROVED DECISION-MAKING. INCLUDES AN ECONOMIC CONFERENCE, A SERIES OF ECONOMIC WEBINARS, AND A SERIES OF ECONOMIC REPORTS.
PROMOTE FLUID POWER - NFPA PROVIDES OPPORTUNITIES AND RESOURCES FOR ITS MEMBERS TO PROMOTE THE UNIQUE STRENGTHS AND INHERENT ADVANTAGES OFFERED BY MODERN FLUID POWER TECHNOLOGY. INCLUDES TRADE SHOWS AND PROMOTIONAL REPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Lanke President/ceo | Officer | 30 | $266,622 |
Pete Alles VP Membership | 40 | $152,891 | |
Jeff Hand Chair | OfficerTrustee | 1 | $0 |
Jim Kaas Vice Chair | OfficerTrustee | 1 | $0 |
Tom Hunter Treasurer | OfficerTrustee | 1 | $0 |
Keith Simons Secretary | OfficerTrustee | 1 | $0 |
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 | $2,936,419 |
| Investment income | $93,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $298,060 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,380,802 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,257 |
| 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. | $319,738 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $718,786 |
| Pension plan accruals and contributions | $43,425 |
| Other employee benefits | $151,663 |
| Payroll taxes | $69,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,973 |
| Fees for services: Accounting | $97,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $76,840 |
| Fees for services: Other | $362,356 |
| Advertising and promotion | $0 |
| Office expenses | $44,167 |
| Information technology | $132,578 |
| Royalties | $0 |
| Occupancy | $80,364 |
| Travel | $67,054 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $795,008 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,475 |
| Insurance | $28,173 |
| All other expenses | $146,329 |
| Total functional expenses | $3,172,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,032,131 |
| Savings and temporary cash investments | $193,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,302 |
| 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 | $180,376 |
| Net Land, buildings, and equipment | $133,171 |
| Investments—publicly traded securities | $4,634,885 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,189,581 |
| Accounts payable and accrued expenses | $127,565 |
| Grants payable | $0 |
| Deferred revenue | $1,051,100 |
| 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 | $1,178,665 |
| Net assets without donor restrictions | $5,010,916 |
| 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 | $6,189,581 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Nuclear Society Inc Lagrange Park, IL | $28,278,808 | $12,075,736 |
National Fluid Power Association Milwaukee, WI | $6,189,581 | $3,380,802 |
American Society Of Animal Science Inc Champaign, IL | $1,933,667 | $2,509,683 |
Crop Science Society Of America Inc Madison, WI | $6,303,627 | $2,355,841 |
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American Ornithological Society Chicago, IL | $31,596,243 | $1,123,751 |
Common-A Users Group Inc Chicago, IL | $577,718 | $1,100,888 |
Diamond Key Security Nfp Palatine, IL | $426,550 | $1,330,490 |
Society Of Plastics Engineers Lake Forest, IL | $260,391 | $445,970 |
Society Of Plastics Engineers Troy, MI | $376,718 | $316,766 |
Society Of Plastics Engineers Troy, MI | $3,105,196 | $190,122 |