American Boiler Manufacturers Association
- Assets
- $1.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Vienna, VA
- Founding
- 07/1942
- Data as of
- 04/2022
- EIN
- 54-6145055
Organization Overview
American Boiler Manufacturers Association is located in Vienna, VA. The organization was established in 1942. 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 04/2022, American Boiler Manufacturers Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Boiler 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 04/2022, American Boiler Manufacturers Association generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.9m during the year ending 04/2022. While expenses have increased by 5.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SETTING CODES AND STANDARDS ALONG WITH BRINGING TOGETHER INDUSTRY LEADERS TO FOSTER INNOVATION AND RAISE AWARENESS FOR ALL INDUSTRY STAKEHOLDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION HOSTS AN ANNUAL MEETING, A JUNE MEETING, AND OTHER CONFERENCES AND MEETINGS.
TO PROVIDE ADVERTISING AND SPECIAL PROJECTS TO MEMBERS.
ADVOCACY - INFLUENCE OVER INDUSTRY LEGISLATIVE, REGULATORY, AND SAFETY CHANGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Lynch President | Officer | 40 | $231,839 |
John Viskup Imm. Past Chair | OfficerTrustee | 1 | $0 |
Mark Colman Vice Chair | OfficerTrustee | 1 | $0 |
Doug Wright Chair | OfficerTrustee | 1 | $0 |
Dave Reinink Secretary/treasurer | OfficerTrustee | 1 | $0 |
Larry Day Member | 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 | $28,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,000 |
| Total Program Service Revenue | $1,914,309 |
| Investment income | $29,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,146 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,990,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $276,989 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,844 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,399 |
| Payroll taxes | $32,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,140 |
| Fees for services: Accounting | $29,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,958 |
| Fees for services: Other | $106,919 |
| Advertising and promotion | $105,401 |
| Office expenses | $35,433 |
| Information technology | $49,968 |
| Royalties | $0 |
| Occupancy | $30,791 |
| Travel | $19,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $986,273 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,501 |
| Insurance | $7,724 |
| All other expenses | $0 |
| Total functional expenses | $1,900,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $571,087 |
| Savings and temporary cash investments | $50,722 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,475 |
| 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 | $43,536 |
| Net Land, buildings, and equipment | $1,808 |
| Investments—publicly traded securities | $718,555 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,512 |
| Total assets | $1,437,695 |
| Accounts payable and accrued expenses | $261,527 |
| Grants payable | $0 |
| Deferred revenue | $164,985 |
| 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 | $6,797 |
| Total liabilities | $433,309 |
| Net assets without donor restrictions | $884,211 |
| Net assets with donor restrictions | $120,175 |
| 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 | $1,437,695 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Personal Care Products Council Washington, DC | $26,566,920 | $19,071,135 |
American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |