Indiana Motor Truck Association Inc
- Assets
- $516.4k
- Revenue
- $672.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Indianapolis, IN
- Founding
- 05/1945
- Data as of
- 12/2022
- EIN
- 35-0410550
Organization Overview
Indiana Motor Truck Association Inc is located in Indianapolis, IN. The organization was established in 1945. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Indiana Motor Truck Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Motor Truck 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 12/2022, Indiana Motor Truck Association Inc generated $672.7k 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 (4.7%) each year. All expenses for the organization totaled $807.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) 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
LOBBYING FOR AND PROMOTING THE TRUCKING INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION - MULTI-DAY CONVENTION PROMOTING THE TRUCKING INDUSTRY IN INDIANA. 2022 CONVENTION WAS CANCELLED DUE TO HURRICANE.
PUBLICATION - THE ASSOCIATION HAS A WEEKLY E-NEWSLETTER TRUCKING PUBLICATION WITH A CIRCULATION OF ABOUT 1100 AND A QUARTERLY MAGAZINE CIRCULATION OF 970. INCLUDES VALUABLE INFORMATION FOR THE TRUCKING INDUSTRY.
MEMBER SERVICES - SUPPLY TRUCKING FORMS, EDUCATIONAL MEETINGS, SPECIAL EVENTS, TRUCKING AWARDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Langston President | Officer | 40 | $163,484 |
Larry Limp Chairman | OfficerTrustee | 2 | $0 |
Robert Haag 1st Vice Chairman | OfficerTrustee | 2 | $0 |
Casey Stump 2nd Vice Chairman | OfficerTrustee | 2 | $0 |
Jeffrey Stoops Treasurer | OfficerTrustee | 2 | $0 |
Jessica Warnke Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,731 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,652 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,383 |
| Total Program Service Revenue | $589,000 |
| Investment income | $9,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$29,380 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $672,728 |
| 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. | $163,484 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,224 |
| Pension plan accruals and contributions | $11,540 |
| Other employee benefits | $0 |
| Payroll taxes | $28,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,355 |
| Fees for services: Lobbying | $71,950 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,327 |
| Advertising and promotion | $9,353 |
| Office expenses | $31,609 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,983 |
| Travel | $1,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,658 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,455 |
| Insurance | $36,773 |
| All other expenses | $42,002 |
| Total functional expenses | $807,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,731 |
| Savings and temporary cash investments | $171,823 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,454 |
| 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 | $37,659 |
| Net Land, buildings, and equipment | $5,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,414 |
| Total assets | $516,400 |
| Accounts payable and accrued expenses | $21,769 |
| Grants payable | $0 |
| Deferred revenue | $356,647 |
| 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 | $31,414 |
| Total liabilities | $409,830 |
| Net assets without donor restrictions | $106,570 |
| 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 | $516,400 |