American Clinical Laboratory Association
- Assets
- $3.4m
- Revenue
- $5.7m
- Investments
- $2.2m
- Employees
- 8
- Location
- Washington, DC
- Founding
- 09/1975
- Data as of
- 12/2021
- EIN
- 23-7173945
Organization Overview
American Clinical Laboratory Association is located in Washington, DC. The organization was established in 1975. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, American Clinical Laboratory Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Clinical Laboratory Association 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, American Clinical Laboratory Association generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $8.1m during the year ending 12/2021. While expenses have increased by 7.2% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE, ADVOCATE AND PROVIDE INFORMATION REGARDING THE ESSENTIAL ROLE LABORATORY SERVICES PLAY IN DELIVERING COST EFFECTIVE HEALTH CARE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Khani President | OfficerTrustee | 40 | $758,047 |
Thomas Sparkman Sr. Vice President | Officer | 40 | $341,297 |
Sharon West Vice President | Officer | 40 | $298,793 |
Joan Kegerize Vice President | 40 | $195,205 | |
Cheryl Hawkins Executive Administrator | 40 | $183,665 | |
Jon Cohen Director | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alston Bird Llp Legal Counsel | 12/30/21 | $1,009,450 |
Reservoir Communications Group Llp Pr Consultants | 12/30/21 | $2,510,000 |
Rampy Northup Consultant | 12/30/21 | $242,400 |
Covington Burling Legal Services | 12/30/21 | $745,785 |
Elizabeth Mullin Llc Consultant | 12/30/21 | $135,000 |
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 | $5,608,452 |
| Investment income | $41,289 |
| 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 | $5,658,316 |
| 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. | $1,586,538 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $387,581 |
| Pension plan accruals and contributions | $199,338 |
| Other employee benefits | $111,725 |
| Payroll taxes | $95,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,918,740 |
| Fees for services: Accounting | $22,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,004 |
| Fees for services: Other | $547,464 |
| Advertising and promotion | $0 |
| Office expenses | $120,386 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,677 |
| Travel | $2,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,392 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,675 |
| Insurance | $20,006 |
| All other expenses | $0 |
| Total functional expenses | $8,127,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $977,499 |
| 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 | $182,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,217,913 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,898 |
| Total assets | $3,399,006 |
| 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 | $3,399,006 |
| 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 | $3,399,006 |