Independent Lubricant Manufacturers Association

Organization Overview

Independent Lubricant Manufacturers Association is located in Alexandria, VA. The organization was established in 1951. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, Independent Lubricant Manufacturers Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Lubricant 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 12/2023, Independent Lubricant Manufacturers Association generated $4.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. While expenses have increased by 1.8% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE AND ADVOCATE FOR INDEPENDENT LUBRICANT MANUFACTURERS IN A GLOBAL MARKETPLACE

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEETING MANAGEMENT:ILMA'S MEETINGS HAVE BECOME KNOWN AS THE BEST PLACE TO LEARN ABOUT TRENDS IN THE LUBRICANTS INDUSTRY, RECONNECT WITH OLD COLLEAGUES AND MEET NEW ASSOCIATES.WHEN PLANNING THE PROGRAMS FOR BOTH THE ILMA ENGAGE AND ANNUAL MEETING, ILMA KEEPS YOU AND YOUR BUSINESS IN MIND FOR WHAT WILL BE PRESENTED AT THE SESSIONS AND HOW ATTENDEES CAN REACH OUT TO CUSTOMERS DURING THE DAY AND EVENING. TWO MEETINGS ARE HELD EACH YEAR TO PROVIDE EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR THE INDUSTRY: ILMA ENGAGE AND ILMA" S ANNUAL MEETING.ILMA ENGAGE, A NEW APPROACH TO THE SPRING MEETING LAUNCHED IN 2019, OCCURS OVER THREE DAYS TYPICALLY IN APRIL. THE KICKOFF OF THE MEETING IS COMMITTEE DAY, WITH NETWORKING OPTIONS DURING THE DAY, AN OBVIOUS AND EXCELLENT WAY FOR MEMBERS TO ENGAGE WITH EACH OTHER TO DISCUSS THE INDUSTRY ISSUES OF THE DAY. WITH THIS FRESH MEETING EXPERIENCE, ILMA OFFERS EXCELLENT SPEAKERS, A "TOWN HALL" LUNCH SESSION THAT GIVES UPDATES ON IMPORTANT INDUSTRY ISSUES, AS WELL AS ILMA CONVERSATIONS THAT ENGAGE THE SPEAKERS AND AUDIENCE IN A MORE RELAXED, INFORMAL SETTING. AND, AS ALWAYS, PLENTY OF OPPORTUNITIES TO NETWORK.ILMA'S ANNUAL MEETING, TYPICALLY HELD EACH OCTOBER, IS FOUR DAYS OF COMMITTEE AND TECHNICAL SESSIONS, WITH NETWORKING OPPORTUNITIES AND SOCIAL/SPORTING EVENTS. IN 2023, ILMA CELEBRATED IT'S 75TH YEAR ANNIVERSARY WHICH WAS PART OF THE ANNUAL MEETING.


INDUSTRY AND GOVERNMENT AFFAIRS:ON AN ONGOING BASIS, ILMA SURVEYS MANUFACTURING MEMBERS REGARDING THEIR REGULATORY AND LEGISLATIVE PRIORITIES. UTILIZING THAT INFORMATION, ILMA PRIORITIZES ITS ADVOCACY AGENDA FOR THE YEAR. ILMA MONITORS LEGISLATION AND PARTICIPATES IN VARIOUS INDUSTRY COALITIONS ADVOCATING ISSUES THAT REFLECT THE MEMBERS' CONCERNS. IN ADDITION, ILMA INFORMS MEMBERS OF EMERGING REGULATORY MATTERS AND PROVIDES GUIDANCE TO THE AGENCIES AS IT IS DEVELOPING REGULATIONS, AS WELL AS COMPLIANCE INFORMATION FOR MEMBERS AS REGULATIONS ARE IMPLEMENTED. IN 2023 ILMA EXPANDED IT'S ADVOCACY TO INCLUDE LONG TERM REGULATORY ISSUES RELATED TO ELECTRIC VEHICLES, EMPTY DRUMS, OILY WASTEWATER AND PFAS. THOSE EXPENSES WERE $32,316 (PART OF THE TOTAL PROGRAM EXPENSE).


PUBLICATIONS:COMPOUNDINGS MAGAZINE IS ILMA'S PRIMARY COMMUNICATION TOOL. THROUGH ITS MONTHLY DISTRIBUTION, COMPOUNDINGS INFORMS MEMBERS ABOUT TRENDS IN THE LUBRICANTS INDUSTRY AND PROVIDES A VENUE WHERE MEMBERS CAN BECOME KNOWN IN THE INDUSTRY THROUGH ADVERTISING, COLUMNS AND ARTICLES. ALL ILMA MEMBER COMPANY EMPLOYEES ARE ELIGIBLE FOR A FREE COMPOUNDINGS SUBSCRIPTION AND UNLIMITED ACCESS TO DIGITAL COMPOUNDINGS.THE ILMA INDUSTRY DIRECTORY IS NOW AN E-DIRECTORY AVAILABLE ON-LINE AND PROVIDES A "WHO'S WHO" WITHIN THE INDUSTRY, AS WELL AS AN OVERVIEW OF THE GLOBAL LUBRICANTS MARKET. THE DIRECTORY HAS ADVERTISING OPPORTUNITIES.THE ILMA MEMBERSHIP DIRECTORY IS AN ONLINE RESOURCE PROVIDING A LIST OF ALL COMPANIES AND INDIVIDUALS IN THE INDUSTRY TO MEMBERS.ILMA WEEK DELIVERS A WRAP OF THE WEEK'S PUBLIC POLICY NEWS TO YOUR INBOX EVERY FRIDAY. ALL MEMBER COMPANY EMPLOYEES AUTOMATICALLY RECEIVE ILMA WEEK.ILMA NEWS IS THE ASSOCIATION'S PRIMARY WAY OF GIVING MEMBERS UP-TO-THE-MINUTE NEWS, INCLUDING ALERTS ABOUT PROGRAMS, EVENTS AND MEETINGS. ALL MEMBER COMPANY EMPLOYEES AUTOMATICALLY RECEIVE ILMA NEWS.


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Board, Officers & Key Employees

Name (title)Compensation
Ann Ball
President
$0
Catharine Golden
Vice-President
$0
Richard Camper
Treasurer (thru 10/23)
$0
Jim Carroll
Secretary
$0
Michael Damiani
Immediate Past President
$0
Chuck Decker
Past President
$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$4,058,236
Investment income $193,185
Tax Exempt Bond Proceeds $0
Royalties $109,931
Net Rental Income $0
Net Gain/Loss on Asset Sales -$151,069
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,210,283

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