Power-Motion Technology Representatives Association
- Assets
- $247.7k
- Revenue
- $450.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 11/1973
- Data as of
- 05/2022
- EIN
- 23-7267570
Organization Overview
Power-Motion Technology Representatives Association is located in Plymouth, MN. The organization was established in 1973. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Power-Motion Technology Representatives 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 05/2022, Power-Motion Technology Representatives Association generated $450.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $440.4k during the year ending 05/2022. While expenses have increased by 45.2% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ADVANCE THE SCIENCE OF MECHANICAL POWER TRANSMISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND ADVANCE THE SCIENCE OF MECHANICAL POWER TRANSMISSION AND MOTION CONTROL DEVICES THROUGH ACTIVITIES AND PROGRAMS OF AN EDUCATIONAL NATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Sutfin 1st Vice Pres | OfficerTrustee | 2 | $0 |
Andy Simpson 2nd Vice Pres | OfficerTrustee | 2 | $0 |
Peter Liston President | OfficerTrustee | 2 | $0 |
Mike Mattis Treasurer | OfficerTrustee | 2 | $0 |
Royce Herring Secretary | OfficerTrustee | 2 | $0 |
Mathew Neff Director | Trustee | 2 | $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 | $449,952 |
| Investment income | $5 |
| 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 | $449,957 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $84,872 |
| 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 | $0 |
| Fees for services: Other | $14,600 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $270,699 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,704 |
| All other expenses | $20,658 |
| Total functional expenses | $440,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,866 |
| Savings and temporary cash investments | $54,877 |
| 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 | $23,941 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $247,684 |
| Accounts payable and accrued expenses | $10,220 |
| Grants payable | $0 |
| Deferred revenue | $94,555 |
| 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 | $104,775 |
| Net assets without donor restrictions | $121,779 |
| Net assets with donor restrictions | $21,130 |
| 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 | $247,684 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Additive Manufacturing Users Group Inc Milwaukee, WI | $3,328,250 | $3,683,925 |
Surface Mount Technology Association Inc Eden Prairie, MN | $2,712,008 | $1,382,977 |
Association For High Techology Distribution Waukesha, WI | $1,589,704 | $1,298,260 |
Midwest Energy Research Consortium Inc Milwaukee, WI | $2,074,471 | $1,456,728 |
Power-Motion Technology Representatives Association Plymouth, MN | $247,684 | $449,957 |
American Technical Education Association Inc Minneapolis, MN | $73,929 | $0 |
Mn Electronic Security & Technology Association St Paul, MN | $92,466 | $0 |
Scholastic Engineering Research Inc Farley, IA | $8,460 | $0 |
Operations And Supply Chain Consortium Inc C/O Bradley Kalscheur Milwaukee, WI | $0 | $0 |