Electronic Retailing Association
- Assets
- $458.7k
- Revenue
- $3.5m
- Investments
- $165.7k
- Employees
- 11
- Location
- Mclean, VA
- Founding
- 06/1992
- Data as of
- 06/2017
- EIN
- 52-1694085
Organization Overview
Electronic Retailing Association is located in Mclean, VA. The organization was established in 1992. 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 06/2017, Electronic Retailing Association employed 11 individuals. Electronic Retailing 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 06/2017, Electronic Retailing Association generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $4.6m during the year ending 06/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
DRIVE, GROW AND SHAPE THE FUTURE OF ELECTRONIC RETAILING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES - MEETINGS HELD TO PROMOTE THE RETAILING INDUSTRY, EDUCATE THE PUBLIC AND TO CREATE A PLATFORM FOR MEMBERS AND NON-MEMBERS TO DO BUSINESS. MEETINGS ALSO AFFORD ATTENDEES AN OPPORTUNITY TO KEEP ABREAST OF IMPORTANT INDUSTRY DEVELOPMENTS.
MEMBERSHIP, COMMUNICATIONS, AND BOARD GOVERNANCE.
GOVERNMENT AFFAIRS - ERA WORKS WITH THE FEDERAL TRADE COMMISSION AND OTHER REGULATORY AGENCIES, BOTH TO ASSIST IN SETTING INDUSTRY STANDARDS AND TO VOICE THE INDUSTRY'S OPINIONS ON VARIOUS REGULATORY MATTERS THAT AFFECT THE ELECTRONIC RETAILING INDUSTRY.
PUBLICATIONS - ERA PUBLISHES A MAGAZINE THAT COVERS INDUSTRY NEWS AND EDUCATION. ALL CONTENT IS RELEVENT TO THE DIRECT CONSUMER MARKETING INDUSTRY. THE MAGAZINE IS PRODUCED SIX TIMES PER YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Reinmuth President | OfficerTrustee | 1 | $0 |
Poonam Khubani Chairman | OfficerTrustee | 1 | $0 |
Gerald A Bagg Chairman-Ele | OfficerTrustee | 1 | $0 |
Kendra Elliott Secretary | OfficerTrustee | 1 | $0 |
Scott Reid Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Demarco Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mci Management | 6/29/17 | $1,270,798 |
Council Of Better Business Bureaus Regulation | 6/29/17 | $201,434 |
Rhino Endurance Marketing Group Marketing | 6/29/17 | $162,000 |
Conference & Logistics Consultants Conference | 6/29/17 | $137,860 |
Results Now Inc Consulting | 6/29/17 | $124,900 |
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 | $3,335,853 |
| Investment income | $4,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $141,978 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,345 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,503,417 |
| 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 | $333,123 |
| Pension plan accruals and contributions | $18,262 |
| Other employee benefits | $37,845 |
| Payroll taxes | $30,707 |
| Fees for services: Management | $1,270,798 |
| Fees for services: Legal | $26,014 |
| Fees for services: Accounting | $25,155 |
| Fees for services: Lobbying | $77,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $409,252 |
| Advertising and promotion | $27,804 |
| Office expenses | $170,880 |
| Information technology | $68,127 |
| Royalties | $0 |
| Occupancy | $148,684 |
| Travel | $133,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,540,607 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,908 |
| Insurance | $47,458 |
| All other expenses | $0 |
| Total functional expenses | $4,612,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,339 |
| Savings and temporary cash investments | $404 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,693 |
| 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 | $55,331 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $165,701 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,211 |
| Total assets | $458,679 |
| Accounts payable and accrued expenses | $384,232 |
| Grants payable | $0 |
| Deferred revenue | $707,334 |
| 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 | $70,040 |
| Total liabilities | $1,161,606 |
| Unrestricted restricted net Assets | -$702,927 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$702,927 |