American Gear Manufacturers Association
- Assets
- $5.1m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 06/1943
- Data as of
- 12/2023
- 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 12/2023, American Gear Manufacturers Association generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $6.8m during the year ending 12/2023. While expenses have increased by 5.7% 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
2023
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 TECHNICAL PROGRAM- AGMA IS THE STANDARDS DEVELOPMENT ORGANIZATION (SDO) FOR AGMA STANDARDS, WHICH INCLUDE 50+ STANDARDS AND 25+ INFORMATION SHEETS. THESE DOCUMENTS ARE USED GLOBALLY FOR THE DESIGN AND MANUFACTURE OF GEAR RELATED PRODUCTS.
AGMA EDUCATION- AGMA IS A PRIMARY SUPPLIER OF TECHNICALLY ORIENTED TRAINING AND EDUCATION, WITH MORE THAN 40 CLASSES HELD ANNUALLY FACE-TO-FACE AND ONLINE. MORE THAN 1500 INDIVIDUALS TAKE THESE CLASSES, WHICH ARE IACET ACCREDITED.
AGMA MOTION & POWER- AGMA MANAGES AND PRODUCES THE MOTION AND POWER TECHNOLOGY EXPO WHICH IS HELD EVERY OTHER YEAR ON THE ODD YEAR IN DETROIT, MI. THE 200+ EXHIBITOR EVENT DRAWS BETWEEN 3,000 AND 4,000 ATTENDEES THAT COVER THE ENTIRE POWER TRANSMISSION SUPPLY CHAIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Cinquemani Chair | OfficerTrustee | 1 | $0 |
Sara Zimmerman Treasurer | OfficerTrustee | 1 | $0 |
Michael J Mckernin Bmec Chair | OfficerTrustee | 1 | $0 |
Todd Praneis Tdec Chair | OfficerTrustee | 1 | $0 |
Gregory M Schulte Past Chair | OfficerTrustee | 1 | $0 |
Randy Burdick Director | Trustee | 1 | $0 |
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 | $112,289 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,289 |
| Total Program Service Revenue | $6,295,769 |
| Investment income | $39,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $153,838 |
| Net Gain/Loss on Asset Sales | -$9,536 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,636,061 |
| 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. | $394,562 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,860,156 |
| Pension plan accruals and contributions | $187,694 |
| Other employee benefits | $242,448 |
| Payroll taxes | $206,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,648 |
| Fees for services: Accounting | $160,853 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,601 |
| Fees for services: Other | $407,086 |
| Advertising and promotion | $174,501 |
| Office expenses | $415,030 |
| Information technology | $148,963 |
| Royalties | $0 |
| Occupancy | $217,307 |
| Travel | $284,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,208,805 |
| Interest | $300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $272,730 |
| Insurance | $44,365 |
| All other expenses | $8,969 |
| Total functional expenses | $6,804,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,630 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $383,653 |
| 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 | $214,573 |
| Net Land, buildings, and equipment | $2,544,867 |
| Investments—publicly traded securities | $1,291,463 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $451,500 |
| Other assets | $86,329 |
| Total assets | $5,134,015 |
| Accounts payable and accrued expenses | $373,864 |
| Grants payable | $0 |
| Deferred revenue | $1,419,754 |
| 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 | $119,286 |
| Total liabilities | $1,912,904 |
| Net assets without donor restrictions | $3,221,111 |
| 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 | $5,134,015 |