International Council For Machinery Lubrication Inc
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Broken Arrow, OK
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 73-1604134
Organization Overview
International Council For Machinery Lubrication Inc is located in Broken Arrow, OK. The organization was established in 2002. 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 12/2023, International Council For Machinery Lubrication Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Council For Machinery Lubrication 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 12/2023, International Council For Machinery Lubrication Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $989.2k during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 9 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
THE PURPOSE OF INTERNATIONAL COUNCIL FOR MACHINERY LUBRICATION INC (ICML) IS TO FACILITATE THE GROWTH AND DEVELOPMENT OF MACHINERY LUBRICATION, CONDITION MONITORING, RELIABILITY AND ASSET MANAGEMENT AS A TECHNICAL FIELD OF ENDEAVOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, ICML IS PRESENTLY ATTENDING CONFERENCES, CONTINUING MORE IN PERSON EXAM SESSIONS AND STILL CURRENTLY OFFERS ONLINE EXAM SESSIONS AS WELL. ICML CONTINUES TO ADVOCATE FOR LUBRICATION PRACTITIONERS AND CONDUCTING ONE-ON-ONE MEETINGS WITH THE VOLUNTEERS, PROCTORS, PROJECT MANAGERS TO BETTER SERVE THE LUBRICATION AND OIL ANALYSIS COMMUNITY. ICML CONTINUES TO PRESENT THE GILL AND BATTLE AWARDS TO COMPANIES, RECOGNIZING THEM FOR THEIR INNOVATION IN THE AREAS OF OIL ANALYSIS AND MACHINERY LUBRICATION. THIS EXPANDS FURTHER THE REACH OF INDUSTRY MENTORS AVAILABLE VIA ICML AND ITS BENCHMARKING OF THE WORLD-PROGRAMS. ICML ALSO CONTINUES TO BE AN INFORMATIONAL HUB FOR THE INDUSTRY IT SERVES ALONG WITH CONTINUING TO WORK WITH CANDIDATES WITH THE RENEWAL PROCESSES. THE ICML HAS CONTINUED TO ESTABLISH THE ICML 55 BY NOW OFFERING THE 55.0, 55.1, 55.2 SERIES OF BOOKS THAT RELATE TO ASSET MANAGEMENT IN THE LUBRICATION INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Fish Exec Director Of Operations | Officer | 40 | $109,678 |
Kenneth Bannister Director | Trustee | 4 | $4,945 |
Rendela K Wenzel Chairman | OfficerTrustee | 4 | $2,000 |
Roger Story Vice Chairman | OfficerTrustee | 2 | $2,000 |
Yuegang Zhao Treasurer | OfficerTrustee | 3 | $2,000 |
Jim C Fitch Past Chairman | OfficerTrustee | 1 | $1,500 |
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 | $1,180,882 |
| Investment income | $19,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,199,936 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,248 |
| Pension plan accruals and contributions | $9,310 |
| Other employee benefits | $70,530 |
| Payroll taxes | $33,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $581 |
| Fees for services: Accounting | $2,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,845 |
| Advertising and promotion | $39,545 |
| Office expenses | $4,837 |
| Information technology | $9,982 |
| Royalties | $0 |
| Occupancy | $41,566 |
| Travel | $7,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,723 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,429 |
| Insurance | $1,611 |
| All other expenses | $28,130 |
| Total functional expenses | $989,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,886 |
| Savings and temporary cash investments | $1,109,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,554 |
| 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 | $17,148 |
| Net Land, buildings, and equipment | $22,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,538 |
| Total assets | $1,275,579 |
| Accounts payable and accrued expenses | $38,346 |
| 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 | $4,164 |
| Total liabilities | $42,510 |
| Net assets without donor restrictions | $1,233,069 |
| 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 | $1,275,579 |