Midwest-Southeastern Equipment Dealers Association Inc
- Assets
- $4.2m
- Revenue
- $675.4k
- Investments
- $573.3k
- Employees
- 2
- Location
- Madison, WI
- Founding
- 09/1954
- Data as of
- 08/2021
- EIN
- 56-0478530
Organization Overview
Midwest-Southeastern Equipment Dealers Association Inc is located in Madison, WI. The organization was established in 1954. 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 08/2021, Midwest-Southeastern Equipment Dealers Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest-Southeastern Equipment Dealers Association Inc 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 08/2021, Midwest-Southeastern Equipment Dealers Association Inc generated $675.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $545.2k during the year ending 08/2021. While expenses have increased by 10.0% per year over the past 6 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
THE MIDWEST-SOUTHEASTERN EQUIPMENT DEALERS ASSOCIATION IS COMMITTED TO BUILDING THE BEST BUSINESS ENVIRONMENT FOR EQUIPMENT DEALERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - THE ASSOCIATION IS A REGIONAL TRADE ASSOCIATION WHOSE PURPOSE IS TO REPRESENT THE RETAIL FARM, INDUSTRIAL, OUTDOOR POWER EQUIPMENT, AND DAIRY FARMSTEAD MECHANIZATION DEALERS. THIS INCLUDES REVIEWING FOR CDL REGULATORY COMPLIANCE AND TESTING, MAINTAINING MANUFACTURER RELATIONS, FINANCIAL AND INSURANCE PROGRAMS, LEGAL ASSISTANCE, AND OTHERS.
BUSINESS FORMS AND SUPPLIES - THE ASSOCIATION UTILIZES GROUP PURCHASING POWER TO SAVE MEMBERS TIME AND MONEY. SPECIALIZED FORMS ARE AVAILABLE TO KEEP MEMBER OFFICES OPERATING EFFICIENTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Manke President-Chief Executive Officer | Officer | 20 | $180,000 |
Jim Mccartney Chairman | OfficerTrustee | 1 | $0 |
Bubba Cooper Vice Chairman | OfficerTrustee | 1 | $0 |
John Maus Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Mike Carly Director | Trustee | 1 | $0 |
Kevin Sommer 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $259,984 |
| Investment income | $100,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,260 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $675,399 |
| 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. | $202,929 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,727 |
| Fees for services: Accounting | $13,325 |
| Fees for services: Lobbying | $12,301 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,222 |
| Advertising and promotion | $0 |
| Office expenses | $8,664 |
| Information technology | $3,690 |
| Royalties | $0 |
| Occupancy | $29,167 |
| Travel | $11,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,232 |
| Interest | $0 |
| Payments to affiliates | $101,100 |
| Depreciation, depletion, and amortization | $9,929 |
| Insurance | $13,367 |
| All other expenses | $4,088 |
| Total functional expenses | $545,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,264 |
| Savings and temporary cash investments | $1,125 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,170 |
| 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 | $16,859 |
| Net Land, buildings, and equipment | $17,866 |
| Investments—publicly traded securities | $3,487,744 |
| Investments—other securities | $573,315 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,186,343 |
| Accounts payable and accrued expenses | $35,483 |
| Grants payable | $0 |
| Deferred revenue | $128,070 |
| 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 | $0 |
| Total liabilities | $163,553 |
| Net assets without donor restrictions | $4,022,790 |
| 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 | $4,186,343 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Society Of Manufacturing Engineers Southfield, MI | $77,116,365 | $66,156,404 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |