American Boiler Manufacturers Association
- Assets
- $1.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Vienna, VA
- Founding
- 07/1942
- Data as of
- 04/2023
- 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 04/2023, American Boiler Manufacturers Association employed 4 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 04/2023, American Boiler Manufacturers Association generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.7m during the year ending 04/2023. While expenses have increased by 3.2% 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
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
MEETINGS - THE ASSOCIATION HOSTS AN ANNUAL MEETING, A JUNE MEETING, AND OTHER CONFERENCES AND MEETINGS.
ADVOCACY - INFLUENCE OVER INDUSTRY LEGISLATIVE, REGULATORY, AND SAFETY CHANGES.
PROMOTION
PUBLICATIONS AND REPORTS - TO PROVIDE ADVERTISING AND SPECIAL PROJECTS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Lynch President | Officer | 40 | $243,038 |
Doug Wright Chair Until Jan. 2023, Then Imm. Past Chair | OfficerTrustee | 1 | $0 |
Mark Colman Vice Chair Until Jan. 2023, Then Chair | OfficerTrustee | 1 | $0 |
John Viskup Imm. Past Chair Until Jan. 2023 | OfficerTrustee | 1 | $0 |
Dave Reinink Secretary/treasurer | OfficerTrustee | 1 | $0 |
Nancy Simoneau Member Until Jan. 2023, Then Vice-Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Ritz-carlton Amelia Island Meeting Services | 4/29/23 | $154,503 |
Global Meeting Partners Inc Meeting Services | 4/29/23 | $138,867 |
Premier Meeting Services Llc Meeting Services | 4/29/23 | $174,453 |
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 | $31,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,750 |
| Total Program Service Revenue | $1,470,949 |
| Investment income | $41,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,613 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,551,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $289,276 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,020 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,261 |
| Payroll taxes | $26,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,286 |
| Fees for services: Accounting | $36,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,650 |
| Fees for services: Other | $154,194 |
| Advertising and promotion | $79,901 |
| Office expenses | $26,236 |
| Information technology | $42,355 |
| Royalties | $0 |
| Occupancy | $33,548 |
| Travel | $28,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $718,803 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,689 |
| Insurance | $7,649 |
| All other expenses | $0 |
| Total functional expenses | $1,700,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,194 |
| Savings and temporary cash investments | $43,874 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,114 |
| 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 | $131,577 |
| Net Land, buildings, and equipment | $2,697 |
| Investments—publicly traded securities | $726,153 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,955 |
| Total assets | $1,330,564 |
| Accounts payable and accrued expenses | $166,909 |
| Grants payable | $0 |
| Deferred revenue | $291,615 |
| 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 | $57,889 |
| Total liabilities | $516,413 |
| Net assets without donor restrictions | $681,726 |
| Net assets with donor restrictions | $132,425 |
| 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 | $1,330,564 |