Association Of Language Companies
- Assets
- $373.9k
- Revenue
- $423.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Park City, UT
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 11-3644265
Organization Overview
Association Of Language Companies is located in Park City, UT. The organization was established in 2004. 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. Association Of Language Companies 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 12/2021, Association Of Language Companies generated $423.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $401.9k during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 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
TO PROMOTE THE PROFESSIONAL STATURE AND ECONOMIC POSITION OF ITS US-BASED MEMBER LANGUAGE COMPANIES THROUGH INDUSTRY ADVOCACY AND FORUM FOR LANGUAGE SERVICE COMPANY USERS AND SENIOR STAFF TO HAVE PROFESSIONAL DEVELOPMENT OF LANGUAGE COMPANY OWNERS AND SENIOR MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE IS A FORUM FOR LANGUAGE SERVICE COMPANY USERS AND SENIOR STAFF TO DEVELOP PROFESSIONAL LANGUAGE COMPANY OWNERS AND SENIOR MANAGEMENT. ALC'S UNCONFERENCE IS A PARTICIPANT-DRIVEN MEETING THAT PROVIDES THOUGHT-PROVOKING DISCUSSIONS ABOUT THE ISSUES THAT ARE TOP-OF-MIND. ABOUT 70 PARTICIPANTS ENGAGE IN MODERATED DISCUSSIONS ACROSS 1-5 DAYS.
ANNUAL MEETING 2021 WAS HYBRID WITH BOTH A VIRTUAL COMPONENT AND AN EVENT IN CHICAGO. ALC'S ANNUAL CONFERENCE IS A BLEND OF EDUCATION AND NETWORKING. THE 2-5 DAY CONFERENCE BRINGS TOGETHER 175 INDIVIDUALS FROM THE LANGUAGE SERVICE INDUSTRY FOR INVALUABLE EDUCATION ON THE TRENDS IMPACTING THE INDUSTRY AND THEIR COMPANIES. ATTENDEES HAVE NUMEROUS OPPORTUNITIES TO TAP INTO THE KNOWLEDGE OF SUCCESSFUL BUSINESS OWNERS AND MAKE CONNECTIONS WITH LIKE-MINDED PROFESSIONALS WITH WHOM THEY CAN SHARE EXPERIENCES, ASK QUESTIONS AND BRAINSTORM SOLUTIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lelani Craig Vice President | Officer | 0 | $0 |
Kevin Mcquire Secretary | Officer | 0 | $0 |
Paul Tracy Treasurer | Officer | 0 | $0 |
Susan Amarino President | Officer | 0 | $0 |
Jinny Bromberg Director | Trustee | 0 | $0 |
Jordan Evans Director | Trustee | 0 | $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 | $52,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,050 |
| Total Program Service Revenue | $368,288 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,563 |
| 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 | $423,915 |
| 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 | $140,883 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $74,344 |
| Fees for services: Legal | $2,508 |
| Fees for services: Accounting | $8,895 |
| Fees for services: Lobbying | $63,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,961 |
| Advertising and promotion | $4,465 |
| Office expenses | $10,278 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $275 |
| Travel | $142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $926 |
| All other expenses | $0 |
| Total functional expenses | $401,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,369 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,500 |
| Total assets | $373,869 |
| Accounts payable and accrued expenses | $255 |
| 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 | $150,000 |
| Total liabilities | $150,255 |
| Net assets without donor restrictions | $211,114 |
| Net assets with donor restrictions | $12,500 |
| 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 | $373,869 |
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