Glass Manufacturing Industry Council
- Assets
- $1.4m
- Revenue
- $700.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Westerville, OH
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 31-1626454
Organization Overview
Glass Manufacturing Industry Council is located in Westerville, OH. The organization was established in 1999. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Glass Manufacturing Industry Council employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glass Manufacturing Industry Council 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, Glass Manufacturing Industry Council generated $700.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $554.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. 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 FACILITATE, ORGANIZE AND PROMOTE THE INTERESTS AND ECONOMIC GROWTH, AND SUSTAINABILITY OF THE GLASS INDUSTRY THROUGH EDUCATION AND COOPERATION IN THE AREAS OF TECHNOLOGY, PRODUCTIVITY, INNOVATION AND THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL, PROFESSIONAL, PROMOTIONAL, AND OTHER SERVICES TO THE US GLASS MANUFACTURING INDUSTRY IN ORDER TO MAKE THE INDUSTRY MORE COMPETITIVE IN THE GLOBAL MARKET. GMIC SERVED 29 MEMBERS AND MADE ABSTRACTS AND PRESENTATIONS AVAILABLE TO 64 ATTENDEES AT THE GMIC SUSTAINABILITY SYMPOSIUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Lipetz Executive Dir./secretary | Officer | 40 | $188,227 |
Andrew Richardson Immediate Past President | OfficerTrustee | 1 | $0 |
Brian Naveken President | OfficerTrustee | 1 | $0 |
Scott Cooper Vice President | OfficerTrustee | 1 | $0 |
Lance Lemings Treasurer | OfficerTrustee | 1 | $0 |
Glenn Neff Trustee | Trustee | 1 | $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 | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,000 |
| Total Program Service Revenue | $495,149 |
| Investment income | $49,167 |
| 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 | $700,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $201,063 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,161 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,354 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,770 |
| Fees for services: Accounting | $8,666 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,921 |
| Fees for services: Other | $38,200 |
| Advertising and promotion | $0 |
| Office expenses | $1,841 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,800 |
| Travel | $1,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,908 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,409 |
| Insurance | $862 |
| All other expenses | $2,347 |
| Total functional expenses | $554,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,181 |
| 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 | $6,757 |
| Investments—publicly traded securities | $1,126,062 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,359,000 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $8,750 |
| 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 | $8,750 |
| Net assets without donor restrictions | $1,350,250 |
| 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 | $1,359,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Glass Manufacturing Industry Council has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
The American Ceramic Society Inc Westerville, OH PURPOSE: STUDENT TRAVEL GRANTS AND REGISTRATION WAIVERS FOR THE CONFERENCE ON GLASS PROBLEMS, STUDENT TOURS OF GLASS MANUFACTURING PLANTS, AND STUDENT AMBASSADOR PROGRAM | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions Chartered In The State Of Michigan Plymouth, MI | $1,253,139,306 | $61,092,324 |
Painting Industry Insurance Fund Strongsville, OH | $10,051,774 | $13,147,287 |
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Manchester Craftsmens Guild Pittsburgh, PA | $15,522,345 | $4,460,670 |
Unite Local 10 & Textile Maint Ind Philadelphia & Vicinity Welfare Philadelphia, PA | $3,000,579 | $1,742,913 |
Pewabic Society Inc Detroit, MI | $5,130,048 | $2,328,763 |
Artprize Grand Rapids Grand Rapids, MI | $1,087,754 | $2,849,118 |
Pittsburgh Glass Center Inc Pittsburgh, PA | $6,794,843 | $3,874,545 |