Independent Distributors Association A Delaware Corp
- Assets
- $162.7k
- Revenue
- $340.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Corinth, TX
- Founding
- 03/1963
- Data as of
- 05/2023
- EIN
- 75-1106611
Organization Overview
Independent Distributors Association A Delaware Corp is located in Corinth, TX. The organization was established in 1963. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 05/2023, Independent Distributors Association A Delaware Corp employed 2 individuals. This organization is the central organization for a national or regional group of organizations. Independent Distributors Association A Delaware Corp 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 05/2023, Independent Distributors Association A Delaware Corp generated $340.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $410.6k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 4 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
TO PROMOTE, DEVELOP, AND STRENGTHEN A WORLDWIDE ORGANIZATION FOR INDEPENDENT CONSTRUCTION MACHINERY REBUILDERS, PARTS SUPPLIERS, AND MANUFACTURERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM REVENUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Hinrichsen President | OfficerTrustee | 5 | $0 |
Bruno Montesano Jr Vice Preside | OfficerTrustee | 2 | $0 |
Jatin Ahuja Secretary/tr | OfficerTrustee | 3 | $0 |
John Dyke Director | Trustee | 2 | $0 |
Ara Mansourian Director | Trustee | 2 | $0 |
Bill Mirth Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $104,725 |
| 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 | $104,725 |
| Total Program Service Revenue | $140,504 |
| Investment income | $37,760 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $45 |
| 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 | $340,753 |
| 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 | $76,093 |
| Pension plan accruals and contributions | $213 |
| Other employee benefits | $0 |
| Payroll taxes | $10,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $978 |
| Fees for services: Accounting | $6,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,667 |
| Office expenses | $22,751 |
| Information technology | $9,170 |
| Royalties | $0 |
| Occupancy | $18,436 |
| Travel | $7,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,329 |
| Interest | $2,946 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,395 |
| All other expenses | $21,353 |
| Total functional expenses | $410,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,975 |
| 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 | $38,115 |
| Net Land, buildings, and equipment | $691 |
| Investments—publicly traded securities | $105,886 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,350 |
| Total assets | $162,745 |
| Accounts payable and accrued expenses | $2,482 |
| Grants payable | $0 |
| Deferred revenue | $59,863 |
| 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 | $62,345 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $100,400 |
| 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 | $162,745 |