American Gear Manufacturers Association
- Assets
- $5.8m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 06/1943
- Data as of
- 12/2021
- EIN
- 53-0218918
Organization Overview
American Gear Manufacturers Association is located in Alexandria, VA. The organization was established in 1943. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is the central organization for a national or regional group of organizations. American Gear 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, American Gear Manufacturers Association generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 2.7% 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
AGMA IS THE GLOBAL NETWORK FOR TECHNICAL STANDARDS, EDUCATION AND BUSINESS INFORMATION FOR MANUFACTURING, SUPPLIERS AND USERS OF MECHANICAL POWER TRANSMISSION COMPONENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGMA EDUCATION- AGMA DELIVERS 20+ EDUCATION CLASSES COVERING THE FULL GAMUT OF GEAR INFORMATION, FROM DESIGN TO FAILURE. AGMA OFFERS CLASSES TO BOTH ENGINEERS AND OPERATORS. THE ENGINEER LEVEL CLASSES ARE IACET-ACCREDITED, AND SUPPORT CONTINUING EDUCATION NEEDS FOR THE INDUSTRY'S CREDENTIALED ENGINEERS. MORE THAN 1300 INDIVIDUALS PARTICIPATE IN AGMA EDUCATION ANNUALLY.
THE FALL TECHNICAL MEETING IS THE LARGEST GATHERING OF THE POWER TRANSMISSION ENGINEERS IN NORTH AMERICA. THE 26-30 TECHNICAL PAPERS PRESENTED ANNUALLY ARE DOUBLE-BLIND PEER REVIEWED, AND ARE OPPORTUNITIES FOR INDUSTRY TO UNDERSTAND THE LATEST TECHNICAL THINKING CONCERNING MECHANICAL POWER TRANSMISSION.
AGMA HOLDS AN ANNUAL MEETING EVERY SPRING AS A JOINT EVENT WITH THE AMERICAN BEARING MANUFACTURERS ASSOCIATION. THE MEETING INCLUDES NUMEROUS NETWORKING EVENTS, COMMITTEE MEETINGS, A BOARD MEETING AND A NUMBER OF KEYNOTE SPEAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew E Croson President | Officer | 45 | $340,617 |
Amir Abouteleb Vice President, Technical Division | 45 | $170,060 | |
Jenny Blackford VP Business Management Division | 45 | $159,757 | |
William Stott Publisher & Editor-In-Chief | 45 | $127,524 | |
Mary Ellen Doran Director, Emerging Technology | 45 | $115,259 | |
Michael Mckernin Chairman, Bmec | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,761,844 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $423,291 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,260,362 |
| Total Program Service Revenue | $3,100,569 |
| Investment income | $16,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $159,000 |
| Net Gain/Loss on Asset Sales | $121,404 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,660,730 |
| 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. | $381,161 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,575,280 |
| Pension plan accruals and contributions | $182,924 |
| Other employee benefits | $179,092 |
| Payroll taxes | $93,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,444 |
| Fees for services: Accounting | $59,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $427,848 |
| Advertising and promotion | $85,148 |
| Office expenses | $453,238 |
| Information technology | $0 |
| Royalties | $163,526 |
| Occupancy | $185,808 |
| Travel | $95,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $432,933 |
| Interest | $458 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $230,364 |
| Insurance | $133,531 |
| All other expenses | $62,453 |
| Total functional expenses | $5,135,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $525,364 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $207,928 |
| 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 | $152,326 |
| Net Land, buildings, and equipment | $2,688,450 |
| Investments—publicly traded securities | $1,645,788 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $602,000 |
| Other assets | $765 |
| Total assets | $5,822,621 |
| Accounts payable and accrued expenses | $118,968 |
| Grants payable | $0 |
| Deferred revenue | $1,491,144 |
| 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 | $53,056 |
| Total liabilities | $1,663,168 |
| Net assets without donor restrictions | $4,159,453 |
| 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 | $5,822,621 |