National Tooling & Machining Assocation
- Assets
- $5.0m
- Revenue
- $2.7m
- Investments
- $120.0k
- Employees
- 17
- Location
- Cleveland, OH
- Founding
- 02/1945
- Data as of
- 12/2022
- EIN
- 34-0646162
Organization Overview
National Tooling & Machining Assocation is located in Cleveland, OH. The organization was established in 1945. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, National Tooling & Machining Assocation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Tooling & Machining Assocation 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 12/2022, National Tooling & Machining Assocation generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
POSITIVELY IMPACT THE US PRECISION MANUFACTURING INDUSTRY'S STRATEGIC ROLE IN THE NATIONAL ECONOMY AND INSPIRE CHANGE THAT PROMOTES A HEALTHY, SUSTAINABLE MANUFACTURING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS, PURCHASING FAIRS AND SEMINARS - NTMA'S CONVENTION, CONFERENCES AND SEMINARS INCREASE THE AWARENESS OF GENERAL BUSINESS AND INDUSTRY RELATIONS PRACTICES, AND PROVIDE A FORUM FOR MEMBERS TO EXCHANGE IDEAS ON ISSUES PERTINENT TO THE INDUSTRY. THE PURCHASING FAIRS ENABLE NTMA'S MEMBERS TO MEET A LARGE ARRAY OF PROSPECTIVE CUSTOMERS.
MEMBER SERVICES - NTMA DISTRIBUTES SURVEYS AND REPORTS, WHICH ARE DESIGNED TO BE AN EFFECTIVE MANAGEMENT TOOL FOR MEMBERS.
EDUCATIONAL SERVICES - NTMA SELLS EDUCATIONAL MATERIALS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aj Schaeper Jr Trustee | OfficerTrustee | 1 | $0 |
Alan Ortner Chairman | Trustee | 1 | $0 |
Ashleigh Wehrle Trustee | Trustee | 1 | $0 |
Bonnie Kuhn Trustee | Trustee | 1 | $0 |
Brian Rosenstock Trustee | Trustee | 1 | $0 |
Bruce Dworak Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trade Association Outside Membership Sales Executive | 12/30/18 | $139,434 |
Franklin Partnership Government Advocacy And Industry Marketi | 12/30/18 | $144,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,810 |
| Total Program Service Revenue | $1,878,735 |
| Investment income | $225,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $847,670 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$359,247 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,657,635 |
| 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. | $599,790 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $589,464 |
| Pension plan accruals and contributions | $25,051 |
| Other employee benefits | $52,459 |
| Payroll taxes | $92,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,750 |
| Fees for services: Accounting | $26,100 |
| Fees for services: Lobbying | $159,976 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,436 |
| Fees for services: Other | $151,061 |
| Advertising and promotion | $36,893 |
| Office expenses | $159,585 |
| Information technology | $173,304 |
| Royalties | $0 |
| Occupancy | $103,044 |
| Travel | $83,088 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $334,150 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,242 |
| Insurance | $7,117 |
| All other expenses | $22,760 |
| Total functional expenses | $3,157,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,354 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $978,718 |
| 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 | $52,429 |
| Net Land, buildings, and equipment | $19,106 |
| Investments—publicly traded securities | $3,477,881 |
| Investments—other securities | $120,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $119,644 |
| Total assets | $5,025,132 |
| Accounts payable and accrued expenses | $662,172 |
| Grants payable | $0 |
| Deferred revenue | $447,231 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $112,950 |
| Total liabilities | $1,372,353 |
| Net assets without donor restrictions | $3,652,779 |
| 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 | $5,025,132 |