Maryland Motor Truck Association Inc
- Assets
- $8.5m
- Revenue
- $844.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, MD
- Founding
- 12/1936
- Data as of
- 06/2024
- EIN
- 52-0404290
Organization Overview
Maryland Motor Truck Association Inc is located in Columbia, MD. The organization was established in 1936. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Motor Truck Association 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 06/2024, Maryland Motor Truck Association Inc generated $844.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $894.3k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR THE TRUCKING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGISLATIVE SERVICES - PROVIDED PUBLIC OFFICIALS WITH THE VIEWS OF THE TRUCKING INDUSTRY ON NEW AND PENDING LAWS AND REGULATIONS.
SEMINARS - INFORMED MEMBERS ABOUT CHANGES IN RULES, LAWS AND REGULATIONS AFFECTING TRUCKING COMPANIES.
EDUCATION - PROVIDED SCHOLARSHIPS TO HELP STUDENTS IN TRUCKING AND INDUSTRY RELATED COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Axel Carrion Director | Trustee | 0 | $0 |
Bill Molner Director | Trustee | 0 | $0 |
Bob Dinsmore Director | Trustee | 0 | $0 |
Brandon Litz Director | Trustee | 0 | $0 |
Carl Jones Director | Trustee | 0 | $0 |
Don Bowman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $275,572 |
| 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 | $275,572 |
| Total Program Service Revenue | $65,916 |
| Investment income | $238,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $45,800 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $25,544 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $844,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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 | $478,184 |
| Pension plan accruals and contributions | $23,660 |
| Other employee benefits | $56,453 |
| Payroll taxes | $35,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,999 |
| 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 | $19,290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,152 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,249 |
| Insurance | $10,048 |
| All other expenses | $31,882 |
| Total functional expenses | $894,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $765,125 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,587 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,855 |
| Prepaid expenses and deferred charges | $11,835 |
| Net Land, buildings, and equipment | $1,298,185 |
| Investments—publicly traded securities | $6,031,640 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,915 |
| Other assets | $227,925 |
| Total assets | $8,465,067 |
| Accounts payable and accrued expenses | $54,043 |
| Grants payable | $0 |
| Deferred revenue | $1,685 |
| 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 | $8,582 |
| Total liabilities | $64,310 |
| Net assets without donor restrictions | $8,400,757 |
| 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 | $8,465,067 |
Grants Awarded
Over the last fiscal year, Maryland Motor Truck Association Inc has awarded $6,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GARRET COLLEGE FOUNDATION PURPOSE: To fund scholarships of students studying in the trucking and transportation field. | $3,000 |
MONTGOMERY COLLEGE PURPOSE: To fund scholarships of students studying in the trucking and transportation field. | $3,000 |