Iowa Motor Truck Assoc Inc 314
- Assets
- $2.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Des Moines, IA
- Founding
- 06/1957
- Data as of
- 09/2022
- EIN
- 42-0333061
Organization Overview
Iowa Motor Truck Assoc Inc 314 is located in Des Moines, IA. The organization was established in 1957. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 09/2022, Iowa Motor Truck Assoc Inc 314 employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Motor Truck Assoc Inc 314 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 09/2022, Iowa Motor Truck Assoc Inc 314 generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.9m during the year ending 09/2022. While expenses have increased by 3.6% 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
IMTA OPERATES AS A SERVICE ORGANIZATION TO ENHANCE THE ABILITY OF ITS MEMBERS TO SAFELY AND EFFECTIVELY SERVE THE NATION'S TRANSPORTATION NEEDS THROUGH CONTINUOUS QUALITY IMPROVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IOWA MOTOR TRUCK ASSOCIATION (IMTA) - A TRADE ASSOCIATION WHOSE PRIMARY MISSION IS TO ENHANCE THE ABILITY OF ITS MEMBERS TO SAFELY AND EFFECTIVELY SERVE THE NATION'S TRANSPORTATION NEEDS THROUGH CONTINUOUS QUALITY IMPROVEMENT. THIS INCLUDES A HEALTH AND LIFE INSURANCE SERVICE FOR MEMBERS WHO PARTICIPATE IN THE IMTA GROUP INSURANCE PLAN OFFERED THROUGH WELLMARK. IMTA PROVIDES ADMINISTRATIVE SERVICES FOR THE PLAN.
IOWA COUNCIL OF SAFETY MANAGEMENT (ICSM) - THE MAIN OBJECTIVE IS TO PROMOTE SAFETY WITHIN THE INDUSTRY. ICSM FUNDS FILM LIBRARY PURCHASES, PERFORMS VEHICLE SAFETY CHECKS, AND PROVIDES COMPLIMENTARY SAFETY CONSULTING TO IMTA MEMBERS. IT HOSTS THE ANNUAL TRUCK DRIVING CHAMPIONSHIPS.
ALLIED INDUSTRY DIVISION - COMPRISED OF SUPPLIERS AND VENDORS WHO WORK CLOSELY WITH MOTOR CARRIERS. IT SUPPORTS IMTA ACTIVITIES BY VOLUNTEERING TIME, EQUIPMENT AND DOLLARS. IT IS HEAVILY INVOLVED IN PROMOTING AND SPONSORING THE IMTA ANNUAL MANAGEMENT CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda S Neville President | Officer | 40 | $266,593 |
Brenda Dittmer Chairman | OfficerTrustee | 5 | $0 |
Adrian Dickey 1st Vice Chair | OfficerTrustee | 5 | $0 |
Scott Szymanek 2nd Vice Chair | OfficerTrustee | 5 | $0 |
Steve Schuster Treasurer | OfficerTrustee | 5 | $0 |
John Smith Secretary | OfficerTrustee | 5 | $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 | $2,043,961 |
| Investment income | $46,808 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $190,906 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,281,675 |
| 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. | $228,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,792 |
| Pension plan accruals and contributions | $30,085 |
| Other employee benefits | $82,731 |
| Payroll taxes | $35,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $23,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,426 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $0 |
| Office expenses | $28,929 |
| Information technology | $36,579 |
| Royalties | $0 |
| Occupancy | $83,805 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,098 |
| Insurance | $16,192 |
| All other expenses | $463,623 |
| Total functional expenses | $1,942,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,938 |
| Savings and temporary cash investments | $135,325 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,140 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $124,998 |
| Investments—publicly traded securities | $2,383,256 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,737,657 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $59,549 |
| Total liabilities | $59,549 |
| Net assets without donor restrictions | $2,497,332 |
| Net assets with donor restrictions | $180,776 |
| 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 | $2,737,657 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iowa Motor Truck Assoc Inc 314 has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Trucking Associations Inc Washington, DC PURPOSE: CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Feed My People Inc Eau Claire, WI | $8,711,861 | $16,922,508 |
Government Accountability Alliance Chicago, IL | $2,899,846 | $5,203,851 |
A Better Wisconsin Together Inc Monona, WI | $2,464,059 | $2,796,061 |
Life Services Network Of Illinois Lisle, IL | $5,770,519 | $2,312,886 |
Iowa Motor Truck Assoc Inc 314 Des Moines, IA | $2,737,657 | $2,281,675 |
Citizen Action Of Wisconsin Inc Milwaukee, WI | $2,387,312 | $2,074,896 |
Southwest Crisis Center Worthington, MN | $463,517 | $1,360,411 |
Missouri Parents Act Joplin, MO | $346,926 | $773,793 |
Netroots Nation Kansas City, MO | $239,730 | $583,201 |
Freedom Action Now Inc Madison, WI | $761,649 | $375,319 |
Loving Hearts Child Development Center Lincoln, NE | $133,110 | $601,531 |
Ann Bancroft Foundation St Paul, MN | $970,023 | $717,143 |