Farm Equipment Manufacturers Association
- Assets
- $4.9m
- Revenue
- $1.0m
- Investments
- $100.0
- Employees
- 6
- Location
- Saint Louis, MO
- Founding
- 08/1958
- Data as of
- 08/2023
- EIN
- 43-0712976
Organization Overview
Farm Equipment Manufacturers Association is located in Saint Louis, MO. The organization was established in 1958. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 08/2023, Farm Equipment Manufacturers Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farm Equipment Manufacturers 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 08/2023, Farm Equipment Manufacturers Association generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.2m during the year ending 08/2023. 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
THE ASSOCIATION SHALL PROVIDE INDUSTRY LEADERSHIP TO ENHANCE BUSINESS OPPORTUNITIES AND PROFITABILITY TO THE MEMBERSHIP BY PROVIDING A FORUM FOR MARKETING SHORTLINE EQUIPMENT THROUGH NETWORKING, COMMUNICATIONS, AND TECHNOLOGY, AND A FORUM FOR PURCHASING MATERIALS AND SERVICES REQUIRED BY THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION HELD CONVENTIONS FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Hathaway Executive VP | 50 | $106,667 | |
Tim Burenga Ex Officio | OfficerTrustee | $0 | |
Kat Coombes Director | Trustee | $0 | |
Jeff Daniel Director | Trustee | $0 | |
Janea Danuser Director | Trustee | $0 | |
Scott Eisenmenger Director | Trustee | $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 | $784,349 |
| Investment income | $182,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,510 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,035,732 |
| 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 | $465,766 |
| Pension plan accruals and contributions | $27,324 |
| Other employee benefits | $40,382 |
| Payroll taxes | $34,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $50,994 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,288 |
| Travel | $5,086 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $394,571 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,038 |
| Insurance | $0 |
| All other expenses | $36,204 |
| Total functional expenses | $1,160,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,928 |
| Savings and temporary cash investments | $1,980,320 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,190 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,048 |
| Prepaid expenses and deferred charges | $16,378 |
| Net Land, buildings, and equipment | $31,377 |
| Investments—publicly traded securities | $2,578,344 |
| Investments—other securities | $100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,150 |
| Total assets | $4,872,835 |
| Accounts payable and accrued expenses | $28,699 |
| Grants payable | $0 |
| Deferred revenue | $234,700 |
| 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 | $3,169 |
| Total liabilities | $266,568 |
| Net assets without donor restrictions | $4,181,267 |
| Net assets with donor restrictions | $425,000 |
| 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 | $4,872,835 |