Independent Lubricant Manufacturers Association Foundation
- Assets
- $464.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 02/2011
- Data as of
- 12/2023
- EIN
- 26-4464937
Organization Overview
Independent Lubricant Manufacturers Association Foundation is located in Alexandria, VA. The organization was established in 2011. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Lubricant Manufacturers Association Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Independent Lubricant Manufacturers Association Foundation generated $149.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $111.7k during the year ending 12/2023. While expenses have increased by 6.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIP FUND: TO RECEIVE CONTRIBUTIONS FROM ASSOCIATION MEMBERS TO DISTRIBUTE TO STUDENTS WHO HAVE BEEN APPROVED AND AWARDED SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jarrett Flegel Chair | 1 | $0 | |
Richard Camper Treasurer (thru 10/23) | 1 | $0 | |
Mike Damiani Secretary | 1 | $0 | |
Beth Ann Jones Director | 1 | $0 | |
Barbara Bellanti Director | 1 | $0 | |
Chuck Decker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,852 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $149,852 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $22,667 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $493 |
| Total expenses | $111,660 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $332,310 |
| Other assets | $0 |
| Total assets | $464,682 |
| Total liabilities | $9,274 |
| Net assets or fund balances | $455,408 |