American Composites Manufacturers Association
- Assets
- $5.5m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 23
- Location
- Arlington, VA
- Founding
- 02/1980
- Data as of
- 06/2023
- EIN
- 52-1144059
Organization Overview
American Composites Manufacturers Association is located in Arlington, VA. The organization was established in 1980. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, American Composites Manufacturers Association employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Composites 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 06/2023, American Composites Manufacturers Association generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.2m during the year ending 06/2023. While expenses have increased by 0.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FORUM FOR THE COMPOSITES INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION IS THE MAJOR SOURCE FOR INFORMATION ON THE COMPOSITES INDUSTRY. IT PUBLISHES A MAGAZINE, MULTIPLE NEWSLETTERS, AND ONLINE INFORMATION TO INFORM ITS MEMBERS, THE REST OF THE INDUSTRY, AND THOSE SPECIFYING OR BUYING COMPOSITE MATERIALS ON THE LATEST INNOVATIONS IN COMPOSITES.
THE ASSOCIATION HOSTS CONFERENCES AND WEBINARS TO PROVIDE SEGMENTS OF THE INDUSTRY DEEPER INSIGHTS INTO NEW MARKETS OR MANUFACTURING PROCESSES TO HELP PARTICIPANTS IMPROVE THEIR PRODUCTS AND BE MORE SUCCESSFUL IN TAKING THEM TO THE MARKET. ACMA HOLDS AN ANNUAL EXHIBITION, COMPOSITE AND ADVANCE MATERIALS EXPO (CAMX) WITH ANOTHER NONPROFIT ORGANIZATION, SOCIETY FOR THE ADVANCEMENT OF MATERIAL AND PROCESS ENGINEERING (INTERNATIONAL) (SAMPE).
THE ASSOCIATION'S COMPOSITE GROWTH INITIATIVE (CGI) EXISTS TO PROMOTE AND EXPAND THE USE AND UNDERSTANDING OF COMPOSITE MATERIALS. THE ASSOCIATION IS A SUPPORTING MEMBER OF THE DEPARTMENT OF ENERGY'S INSTITUTE FOR ADVANCE COMPOSITES MANUFACTURING INNOVATION (IACMI), A PUBLIC-PRIVATE PARTNERSHIP CONNECTING LEADING MANUFACTURES ACROSS THE SUPPLY CHAIN WITH UNIVERSITIES AND NATIONAL LABORATORIES PIONEERING ADVANCED COMPOSITES TECHNOLOGY DEVELOPMENT AND RESEARCH. AS PART OF THE CGI INITIATIVE, THE ASSOCIATION IS AN ANSI ACCREDITED STANDARDS DEVELOPER, AND ITS COMMITTEES AND COUNCILS CONTRIBUTE TO THE DEVELOPMENT AND ADOPTION OF STANDARDS OF OTHER ORGANIZATIONS TO SUPPORT THE ADOPTION OF COMPOSITE MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Sanford Chairman Of The Board | OfficerTrustee | 1 | $0 |
Megan Multanen Chair-Elect/treaurer | OfficerTrustee | 1 | $0 |
Scott Balogh Immediate Past Chair | OfficerTrustee | 1 | $0 |
Jake Axel Vice Chair | OfficerTrustee | 1 | $0 |
Jane Thomas Secretary | OfficerTrustee | 1 | $0 |
Leon Garoufalis Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alpine Group Legislative Consulting | 6/29/21 | $133,333 |
Nimbleuser It Services | 6/29/21 | $118,710 |
Greenberg Traurig Llp Legal Services | 6/29/21 | $104,045 |
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 | $258,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,174 |
| Total Program Service Revenue | $5,277,073 |
| Investment income | $37,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,673 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,689,304 |
| 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. | $370,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,739,099 |
| Pension plan accruals and contributions | $39,205 |
| Other employee benefits | $170,902 |
| Payroll taxes | $142,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,852 |
| Fees for services: Accounting | $25,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $694,484 |
| Advertising and promotion | $57,302 |
| Office expenses | $141,095 |
| Information technology | $77,322 |
| Royalties | $0 |
| Occupancy | $227,933 |
| Travel | $176,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,130,278 |
| Interest | $30 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,962 |
| Insurance | $30,720 |
| All other expenses | $0 |
| Total functional expenses | $5,204,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,851,143 |
| Savings and temporary cash investments | $262,079 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,437 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,736 |
| Prepaid expenses and deferred charges | $126,708 |
| Net Land, buildings, and equipment | $476,767 |
| Investments—publicly traded securities | $1,740,239 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,027,054 |
| Total assets | $5,549,163 |
| Accounts payable and accrued expenses | $347,603 |
| Grants payable | $0 |
| Deferred revenue | $1,521,028 |
| 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 | $1,465,544 |
| Total liabilities | $3,334,175 |
| Net assets without donor restrictions | $2,214,988 |
| 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 | $5,549,163 |