National Fluid Power Association
- Assets
- $7.2m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Milwaukee, WI
- Founding
- 01/1955
- Data as of
- 06/2023
- 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 06/2023, National Fluid Power Association employed 17 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 06/2023, National Fluid Power Association generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.6m during the year ending 06/2023. While expenses have increased by 2.2% 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
2023
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 WHERE ITS MEMBERS AND OEMS NETWORK AND ADVANCE OUR 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.
EDUCATED WORKFORCE - NFPA HELPS INCREASE THE NUMBER OF TECHNICAL COLLEGE AND UNIVERSITY STUDENTS EDUCATED IN FLUID POWER AND CONNECTS THEM TO CAREERS IN THE FLUID POWER INDUSTRY. INCLUDES OUTREACH, EDUCATION AND RESEARCH PROGRAMS.
BUSINESS INTELLIGENCE AND STATISTICS - NFPA PROVIDES ITS MEMBERS WITH TIMELY AND ACCURATE BUSINESS INTELLIGENCE AND STATISTICS THAT SUPPORT 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 FLUID POWER TECHNOLOGY. INCLUDES TRADE SHOW EXHIBITS AND EDUCATION, A PODCAST, AND PROMOTIONAL REPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Kaas Chair | OfficerTrustee | 1 | $0 |
Tom Hunter Vice Chair | OfficerTrustee | 1 | $0 |
Keith Simons Treasurer | OfficerTrustee | 1 | $0 |
Jim Slone Secretary | OfficerTrustee | 1 | $0 |
Jeff Hand Past Chair | OfficerTrustee | 1 | $0 |
Paul Ludwig Director | Trustee | 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 | $3,425,864 |
| Investment income | $128,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,473 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,590,317 |
| 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. | $357,710 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $806,643 |
| Pension plan accruals and contributions | $38,965 |
| Other employee benefits | $169,531 |
| Payroll taxes | $77,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,964 |
| Fees for services: Accounting | $90,757 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $88,701 |
| Fees for services: Other | $483,133 |
| Advertising and promotion | $69,321 |
| Office expenses | $66,656 |
| Information technology | $140,180 |
| Royalties | $0 |
| Occupancy | $82,620 |
| Travel | $120,897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $773,493 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,866 |
| Insurance | $29,618 |
| All other expenses | $159,328 |
| Total functional expenses | $3,600,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,010,034 |
| Savings and temporary cash investments | $373,506 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,019 |
| 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 | $296,109 |
| Net Land, buildings, and equipment | $95,306 |
| Investments—publicly traded securities | $5,102,406 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $294,507 |
| Total assets | $7,201,887 |
| Accounts payable and accrued expenses | $245,150 |
| Grants payable | $0 |
| Deferred revenue | $1,280,075 |
| 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 | $303,341 |
| Total liabilities | $1,828,566 |
| Net assets without donor restrictions | $5,373,321 |
| 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 | $7,201,887 |