Electrocoat Association
- Assets
- $32.2k
- Revenue
- $174.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Cincinnati, OH
- Founding
- 06/1998
- Data as of
- 12/2023
- EIN
- 31-1556281
Organization Overview
Electrocoat Association is located in Cincinnati, OH. The organization was established in 1998. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electrocoat 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 12/2023, Electrocoat Association generated $174.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $197.2k during the year ending 12/2023. 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
THE ELECTROCOAT ASSOCIATION IS ORGANIZED AS A BUSINESS LEAGUE TO REPRESENT THE GLOBAL ELECTROCOATING INDUSTRY BY PROMOTING USE OF THE TECHNOLOGY AND COMMUNICATING THE BENEFITS OF ELECTROCOATING TO MANUFACTURERS, CONSUMERS, AND GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN CARRYING OUT THE ORGANIZATION'S EXEMPT PURPOSES DURING THE YEAR, THE ELECTROCOAT ASSOCIATION FOCUSED ON EDUCATING INDUSTRIES ON THE COSTS AND BENEFITS OF USING ELECTROCOATING TECHNOLOGY. WE ALSO ADDED CONTENT TO THE ELM SITE FOR EDUCATION OF THE INDUSRTY. WE PROMOTED ALL EVENTS AND BENEFITS OF ASSOCIATION PARTICIPATION THROUGH THE UTILIZATION OF SOCIAL MEDIA COMMUNICATION (TWITTER AND LINKEDIN) WITH POTENTIAL MEMBERS, MEMBERS AND INDUSTRY PARTICIPANTS. WE PARTICIPATED IN THE POWDER COATING INSTITUTES POWDER COATING CONFERENCE HELD IN ORLANDO. WE PARTICIPATED IN ECOAT MEXICO AS PART OF OUR INITIATIVE OF BRANCHING OUT TO THE MEXICO MARKET IN JUNE. THE ASSOCIATION HELD TWO (2) ELECTROCOATING BOOT CAMPS - ONE IN JUNE IN LAFAYETTE, IN AND ONE IN OCTOBER IN RALEIGH, NC AS A TECHNICAL TRAINING COURSE. WE PARTICIPATED IN FABTECH HELD IN CHICAGO, IL IN SEPTEMBER WHICH IS AN INDUSTRY TRADE SHOW ALSO HELD IN THE FALL. BOARD AND COMMITTEE MEETINGS WERE HELD TO DIRECT THE ASSOCIATION'S BUSINESS AND MARKETING STRATEGIES FOR THE FUTURE. THE ASSOCIATION CONTINUES TO SELL IT'S BOOK "ELECTROCOAT: A GUIDEBOOK FOR FINISHERS." IN ADDITION, THE WEBSITE CONTINUES TO BE HOME FOR ELECTROCOATING INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Mcglothlin Exec. Direct | Trustee | 40 | $81,900 |
Antonio Gallags Director | Trustee | 2 | $0 |
David George Director | Trustee | 2 | $0 |
Ben Hill Director | Trustee | 2 | $0 |
Rex Krohn Vice-Preside | OfficerTrustee | 4 | $0 |
Kirsten Kulik Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $93,562 |
| 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 | $93,562 |
| Total Program Service Revenue | $81,080 |
| Investment income | $1,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$995 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,731 |
| 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 | $81,900 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,924 |
| Office expenses | $3,657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,714 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,189 |
| All other expenses | $0 |
| Total functional expenses | $197,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $787 |
| 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 | $7,117 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,172 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,157 |
| Accounts payable and accrued expenses | $15,065 |
| Grants payable | $0 |
| Deferred revenue | $14,442 |
| 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 | $29,507 |
| Net assets without donor restrictions | $2,650 |
| 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 | $32,157 |