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 12/2021, Independent Lubricant Manufacturers Association employed 10 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 12/2021, Independent Lubricant Manufacturers Association generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 0.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AND ADVOCATE FOR INDEPENDENT LUBRICANT MANUFACTURERES 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, 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.
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 PROVIDES A "WHO'S WHO" WITHIN THE INDUSTRY, AS WELL AS AN OVERVIEW OF THE GLOBAL LUBRICANTS MARKET. IN ADDITION, THE DIRECTORY HAS ALSO AMPED UP OPPORTUNITIES FOR ADVERTISING, WITH SPACE FOR YOUR COMPANY'S PRODUCTS ADVERTORIAL.IN ADDITION TO THE HARDCOPY DIRECTORY, THE ILMA MEMBERSHIP PORTION OF THE DIRECTORY IS NOW AVAILABLE ONLINE, WHERE MEMBERS CAN ENJOY 24/7/365 ACCESS TO ILMA'S DATABASE OF MEMBER COMPANIES AND EMPLOYEES. ILMA DIGEST DELIVERS A WRAP OF THE WEEK'S PUBLIC POLICY NEWS TO YOUR INBOX EVERY FRIDAY. ALL MEMBER COMPANY EMPLOYEES AUTOMATICALLY RECEIVE ILMA DIGEST. 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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Holly Alfano CEO | Officer | 40 | $282,421 |
Martha Jolkovski Associate Director | 40 | $113,598 | |
Michael Damiani President | OfficerTrustee | 5 | $0 |
Ann Ball Vice-President | OfficerTrustee | 1 | $0 |
Richard Camper Secretary | OfficerTrustee | 1 | $0 |
Chuck Decker Immediate Past President | OfficerTrustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $142,191 |
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 | $142,191 |
Total Program Service Revenue | $3,056,786 |
Investment income | $156,975 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $90,211 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $695,506 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,142,344 |
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. | $337,778 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $578,577 |
Pension plan accruals and contributions | $16,022 |
Other employee benefits | $26,131 |
Payroll taxes | $56,141 |
Fees for services: Management | $0 |
Fees for services: Legal | $323,378 |
Fees for services: Accounting | $41,042 |
Fees for services: Lobbying | $2,720 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $20,416 |
Fees for services: Other | $126,713 |
Advertising and promotion | $49,437 |
Office expenses | $235,629 |
Information technology | $66,852 |
Royalties | $0 |
Occupancy | $108,171 |
Travel | $32,972 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,106,448 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $38,503 |
Insurance | $16,743 |
All other expenses | $21,387 |
Total functional expenses | $3,328,483 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $175,088 |
Savings and temporary cash investments | $1,775,726 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $325 |
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 | $242,830 |
Net Land, buildings, and equipment | $167,811 |
Investments—publicly traded securities | $5,297,360 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,913 |
Total assets | $7,668,053 |
Accounts payable and accrued expenses | $255,219 |
Grants payable | $0 |
Deferred revenue | $383,585 |
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 | $164,900 |
Other liabilities | $252,760 |
Total liabilities | $1,056,464 |
Net assets without donor restrictions | $6,611,589 |
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 | $7,668,053 |