Indiana Mineral Aggregates Association Inc
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Carmel, IN
- Founding
- 06/1948
- Data as of
- 12/2023
- EIN
- 35-0410458
Organization Overview
Indiana Mineral Aggregates Association Inc is located in Carmel, IN. The organization was established in 1948. According to its NTEE Classification (U36) the organization is classified as: Geology, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Indiana Mineral Aggregates Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Mineral Aggregates Association Inc 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, Indiana Mineral Aggregates Association Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADVOCACY FOR THE INDIANA AGGREGATES INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WINTER WORKSHOP AND OPERATIONS SEMINAR - THIS IS AN ANNUAL EVENT FOR MEMBERS TO BE UPDATED ON ISSUES PERTINENT TO THE INDUSTRY. THERE ARE TRAINING AND EDUCATIONAL OPPORTUNITIES, IN SOME CASES OFFERING CEU'S.
ENVIRONMENTAL STEWARDSHIP COUNCIL - THIS IS AN ONGOING YEAR-LONG FUNCTION OF THE ASSOCIATION. THE PURPOSE IS TO PROVIDE A SELF-REGULATED RECLAMATION PROGRAM FOR THE INDUSTRY.
OTHER WORKSHOPS AND SEMINARS - INCLUDES THE ACTIVITIES OF THE PUBLIC INFORMATION AND EDUCATION COMMITTEE, WHICH CONDUCTS OUTREACH SERVICES; ALSO INCLUDES A SUMMER MEETING TO UPDATE MEMBERS AND PROVIDE EDUCATIONAL OPPORTUNITIES, AND SAFETY TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Lee Executive Director | OfficerTrustee | 40 | $170,444 |
Larry Simons Director | Trustee | 1 | $0 |
Mike Ryan Director | Trustee | 1 | $0 |
Jeff Wanstrath Director | Trustee | 1 | $0 |
Joe Czarnecki Director | Trustee | 1 | $0 |
Casey Jones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $457,349 |
| 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 | $457,349 |
| Total Program Service Revenue | $658,374 |
| Investment income | $5,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,603 |
| Net Income from Fundraising Events | $57,494 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,244,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $107,706 |
| 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 | $327,767 |
| Pension plan accruals and contributions | $9,003 |
| Other employee benefits | $49,313 |
| Payroll taxes | $24,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,360 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,560 |
| Information technology | $19,883 |
| Royalties | $0 |
| Occupancy | $54,776 |
| Travel | $23,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,476 |
| Insurance | $9,938 |
| All other expenses | $34,329 |
| Total functional expenses | $1,153,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,379 |
| Savings and temporary cash investments | $246,597 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,627 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,159 |
| Prepaid expenses and deferred charges | $13,038 |
| Net Land, buildings, and equipment | $19,578 |
| Investments—publicly traded securities | $1,169,386 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,791,764 |
| Accounts payable and accrued expenses | $27,859 |
| Grants payable | $0 |
| Deferred revenue | $162,215 |
| 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 | $190,074 |
| Net assets without donor restrictions | $0 |
| 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 | -$82,386 |
| Total liabilities and net assets/fund balances | $1,791,764 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Mineral Aggregates Association Inc Carmel, IN | $1,791,764 | $1,244,327 |
Blue Ladies Minerals Inc St Louis, MO | $845,840 | $142,150 |
Geologic Timescale Foundation Inc West LAFAYETTE, IN | $302,390 | $0 |
Association Of Earth Science Clubs Of Greater Kansas City Inc 1000 Po Independence, MO | $347,360 | $0 |
Eastern Section Of The Amer Assoc Of Petroleum Geologists Champaign, IL | $144,207 | $50,000 |
Edith D And E Wm Heinrich Mineralogical Research Foundation Milwaukee, WI | $308,855 | $18,748 |
Ozarks Gem & Mineral Society Inc Nixa, MO | $50,949 | $0 |