Independent Equipment Dealers Association
- Assets
- $647.1k
- Revenue
- $381.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Westchester, IL
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 41-2042691
Organization Overview
Independent Equipment Dealers Association is located in Westchester, IL. The organization was established in 2010. 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 12/2021, Independent Equipment Dealers Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Equipment Dealers 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 12/2021, Independent Equipment Dealers Association generated $381.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $234.6k during the year ending 12/2021. 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
SUPPORT EQUIPMENT DEALERS AS AN ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE INTERESTS OF ITS MEMBERS AND THEIR CUSTOMERS ON ISSUES OF COLLECTIVE IMPORTANCE TO THESE INDUSTRIES AND TO ASSIST IN MAINTAINING MARKETS THROUGH EXCELLENCE AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Gordon Executive Director | Trustee | 20 | $65,100 |
Steve Udelson Vice President | Officer | 4 | $0 |
James Rinehart President | Officer | 4 | $0 |
Kristin Waldie Secretary/treasurer | Officer | 20 | $0 |
Luke Brenner Director | Trustee | 4 | $0 |
Dallas Robertson Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $229,643 |
| 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 | $229,643 |
| Total Program Service Revenue | $152,004 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $381,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,558 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,337 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,322 |
| Office expenses | $6,085 |
| Information technology | $2,877 |
| Royalties | $0 |
| Occupancy | $5,273 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,716 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,740 |
| Insurance | $1,377 |
| All other expenses | $0 |
| Total functional expenses | $234,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,721 |
| Savings and temporary cash investments | $20,029 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,800 |
| 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 | $6,242 |
| Net Land, buildings, and equipment | $4,282 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $647,074 |
| Accounts payable and accrued expenses | $7,296 |
| Grants payable | $0 |
| Deferred revenue | $317,959 |
| 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 | $6,706 |
| Total liabilities | $331,961 |
| Net assets without donor restrictions | $0 |
| 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 | $315,113 |
| Total liabilities and net assets/fund balances | $647,074 |
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|---|---|---|
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Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
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Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |