Georgia Association Of Manufacturers Inc
- Assets
- $2.2m
- Revenue
- $941.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Atlanta, GA
- Founding
- 02/1945
- Data as of
- 12/2022
- EIN
- 58-0207260
Organization Overview
Georgia Association Of Manufacturers Inc is located in Atlanta, GA. The organization was established in 1945. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Georgia Association Of Manufacturers Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Association Of Manufacturers 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 12/2022, Georgia Association Of Manufacturers Inc generated $941.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. 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
THE ASSOCIATION IS THE STATEWIDE TRADE ASSOCIATION FOR GEORGIA MANUFACTURERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES AS A COOPERATIVE AGENCY PROVIDING ITS MEMBER COMPANIES OPPORTUNITIES TO SUPPORT AND PROMOTE THE CONTINUED GROWTH AND STRENGTH OF GEORGIA'S MANUFACTURERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George L Bowen III President Emeritus | Officer | 5 | $981,550 |
Charles B Jones III Vice President & General Couns | Officer | 40 | $190,071 |
Lloyd Avram President & CEO | Officer | 40 | $166,667 |
Pate Huguley Chairman | Trustee | 1 | $0 |
Greg King Vice Chairman | Trustee | 1 | $0 |
Michael Edwards Treasurer | 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 | $892,099 |
| Investment income | $27,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,307 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $941,245 |
| 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. | $1,077,675 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,767 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,070 |
| Payroll taxes | $20,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,323 |
| Fees for services: Other | $0 |
| Advertising and promotion | $389 |
| Office expenses | $18,305 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $126,201 |
| Travel | $8,589 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,010 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,886 |
| Insurance | $5,432 |
| All other expenses | $1,417 |
| Total functional expenses | $1,481,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,470 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $40,164 |
| Investments—publicly traded securities | $1,777,937 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,159,571 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,159,571 |
| Total liabilities and net assets/fund balances | $2,159,571 |