Commercial Vehicle Solutions Network Inc
- Assets
- $1.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Grand Rapids, MI
- Founding
- 04/2014
- Data as of
- 12/2022
- EIN
- 42-0761277
Organization Overview
Commercial Vehicle Solutions Network Inc is located in Grand Rapids, MI. The organization was established in 2014. According to its NTEE Classification (J03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Employment and related organizations. As of 12/2022, Commercial Vehicle Solutions Network Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commercial Vehicle Solutions Network Inc 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 12/2022, Commercial Vehicle Solutions Network Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 8.5% 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
EDUCATE AND TRAIN AFTERMARKET DISTRIBUTORS SERVING THE TRANSPORTATION INDUSTRY. THE ORGANIZATION SERVES AS THE UNIFIED VOICE OF THE INDEPENDENT AFTERMARKET DISTRIBUTOR AND CONTINUALLY PROVIDES EDUCATION AND TRAINING FOR ITS MEMBERS WITH THE GOAL OF ACHIEVING BUSINESS BEST PRACTICES. THE ORGANIZATION ALSO OFFERS TECHNICAL TRAINING TO KEEP UP WITH THE CONTINUED CHANGES IN VEHICLE TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CVSN IS THE PREMIER TRADE ASSOCIATION ADVOCATING FOR THE ADVANCEMENT OF THE INDEPENDENT COMMERCIAL VEHICLE AFTERMARKET. THE ORGANIZATION IS FOCUSED ON LEGISLATIVE AFFAIRS, INDUSTRY AWARENESS, EDUCATION AND TECHNOLOGY. CVSN HOSTS THREE CONFERENCES ANNUALLY THAT HELP EXECUTIVES, FUTURE EXECUTIVES, AND ALL INDUSTRY PERSONNEL TO GROW PERSONALLY IN THESE AREAS, TO WORK TOGETHER FOR THE BETTERMENT OF THE INDUSTRY AS A WHOLE AND TO HELP EACH OTHER THROUGHOUT THE NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angelo Volpe Executive VP | Officer | 40 | $130,482 |
Edward Kuo New Executiv | Officer | 40 | $30,977 |
Chris Baer Director | Trustee | 4 | $0 |
Marc-Philippe Beaudoin Director | Trustee | 4 | $0 |
Matt Forner Supplier Dir | Trustee | 4 | $0 |
Steve Hansen Supplier Dir | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $198,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,000 |
| 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 | $255,000 |
| Total Program Service Revenue | $1,084,163 |
| Investment income | $2,534 |
| 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 | $1,341,697 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,647 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,046 |
| Payroll taxes | $22,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,991 |
| Fees for services: Accounting | $6,850 |
| Fees for services: Lobbying | $48,118 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,500 |
| Advertising and promotion | $5,007 |
| Office expenses | $31,259 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,913 |
| Travel | $57,110 |
| 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 | $1,048 |
| Insurance | $10,889 |
| All other expenses | $23,797 |
| Total functional expenses | $1,387,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $598,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,300 |
| 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 | $7,544 |
| Net Land, buildings, and equipment | $425 |
| Investments—publicly traded securities | $1,051,569 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,457 |
| Total assets | $1,678,745 |
| Accounts payable and accrued expenses | $37,422 |
| 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 | $8,835 |
| Total liabilities | $46,257 |
| Net assets without donor restrictions | $1,632,488 |
| 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 | $1,678,745 |