Chattanooga Mfg Assn
- Assets
- $235.0k
- Revenue
- $225.0k
- Investments
- $147.1k
- Employees
- 1
- Location
- Chattanooga, TN
- Founding
- 02/2011
- Data as of
- 09/2023
- EIN
- 62-0156260
Organization Overview
Chattanooga Mfg Assn, operating under the name Chattanooga Regional Manufacturers Association (crma), is located in Chattanooga, TN. The organization was established in 2011. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga Regional Manufacturers Association (crma) 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 09/2023, Chattanooga Regional Manufacturers Association (crma) generated $225.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $239.0k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 8 years. 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
AS THE PRINCIPAL ADVOCATE FOR MANUFACTURING CONCERNS, THE CRMA SUPPORTS EXPANSION AMONG EXISTING MANUFACTURERS AND THE ATTRACTION OF NEW MANUFACTURING COMPANIES TO THE AREA. THE CRMA IS COMMITTED TO HIGH ENVIRONMENTAL STANDARDS, SUSTAINABILITY AND ENERGY EFFICIENCY. A TOP PRIORITY FOR THE CRMA IS TO WORK WITH EDUCATION AT ALL LEVELS TO DEVELOP AND MAINTAIN A SKILLED WORKFORCE. THE CRMA PROVIDES ONGOING TRAINING OPPORTUNITIES IN HUMAN RESOURCES, ENVIRONMENT, ENERGY, TAXES, LEADERSHIP, AND OTHER PERTINENT DISCIPLINES TO SUPPORT ITS MEMBERSHIP. THE CRMA BELIEVES THAT TEAMWORK IS THE KEY TO SUCCESS AND WORKS CLOSELY WITH GOVERNMENT AND PRIVATE ORGANIZATIONS TO FOSTER COOPERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CRMA MEMBERSHIP GATHERS ONCE PER YEAR FOR OUR ANNUAL MEETING. THIS FUNCTION BRINGS ALL OF THE MEMBERS TOGETHER TO COMMUNICATE THE EFFORTS OF THE ORGANIZATION, PROVIDE AN OPPORTUNITY TO COMMUNICATE WITH EACH OTHER, AND EDUCATION THROUGH A NATIONAL SPEAKER.
VARIOUS TRAINING SESSIONS THAT ARE CONDUCTED DURING THE YEAR SUPPORT THE MEMBERS BY PROVIDING EXPERT RESOURCES AT LOW COST. THESE SESSIONS ARE DESIGNED TO KEEP MEMBERS INFORMED OF CHANGING TRENDS AND TO KEEP THEM COMPETITIVE IN THE MARKETPLACE. TRAINING IS CONDUCTED IN HUMAN RESOURCES, ENERGY, ENVIRONMENT, SUSTAINABILITY, LEAN MANUFACTURING, SAFETY, ORGANIZATIONAL LEADERSHIP, BENEFITS, ACCOUNTING PRACTICES, AND LEGAL ISSUES.
MEMBERS ARE SUPPORTED IN WORKFORCE DEVELOPMENT AND EDUCATION TO ASSIST THE GROWTH OF EXISTING MEMBERS AND RECRUITMENT OF NEW BUSINESS TO THE REGION. THE CRMA WORKS WITH PARTNERING ORGANIZATIONS AND LOCAL AND STATE GOVERNMENT IN ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Minehan Interim Chair | OfficerTrustee | 0.25 | $0 |
Starr Wilson Past Chair | OfficerTrustee | 0.25 | $0 |
Jason Willard Director | OfficerTrustee | 0.25 | $0 |
Jason Hargis Director | Trustee | 0.25 | $0 |
Brittany Davis Director | Trustee | 0.25 | $0 |
Don Jacobson Director | Trustee | 0.25 | $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 | $215,627 |
| Investment income | $6,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,999 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,985 |
| 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. | $116,025 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,464 |
| Other employee benefits | $0 |
| Payroll taxes | $8,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,685 |
| Fees for services: Other | $7,413 |
| Advertising and promotion | $879 |
| Office expenses | $2,255 |
| Information technology | $424 |
| Royalties | $0 |
| Occupancy | $6,545 |
| Travel | $135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,053 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,152 |
| All other expenses | $0 |
| Total functional expenses | $238,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,505 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,399 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $147,082 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $234,986 |
| Accounts payable and accrued expenses | $36,148 |
| Grants payable | $0 |
| Deferred revenue | $4,115 |
| 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 | $40,263 |
| 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 | $194,723 |
| Total liabilities and net assets/fund balances | $234,986 |