Education Market Association
- Assets
- $1.4m
- Revenue
- $598.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Gaithersburg, MD
- Founding
- 03/1935
- Data as of
- 12/2023
- EIN
- 36-1525710
Organization Overview
Education Market Association is located in Gaithersburg, MD. The organization was established in 1935. 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 12/2023, Education Market Association employed 6 individuals. This organization is the central organization for a national or regional group of organizations. Education Market 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, Education Market Association generated $598.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AN OPEN MARKET FOR QUALITY EDUCATIONAL PRODUCTS AND SERVICES PRODUCED AND DELIVERED BY PROFESSIONAL MANUFACTURERS AND DEALERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
501(C)(6) TRADE ASSOCIATION SERVING EDUCATIONAL PRODUCTS MARKETPLACE.
SERVE THE EDUCATIONAL PRODUCTS MARKETPLACE BY PROVIDING HIGH QUALITY TRADESHOWS THAT INCREASE THE PRODUCTIVITY OF THE CHANNEL; NETWORKING CPPORTUNITIES TO BUILD RELATIONSHIPS WITH TRADING PARTNERS; AND MARKET INFORMATION ON WHICH TO MAKE SOLID BUSINESS DECISIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Mcgarry President & | Officer | 40 | $242,924 |
Adrienne Watts Program Dire | 40 | $131,720 | |
Karen Prince Program Dire | 40 | $109,762 | |
Schedule Attached Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Corporate Solutions Llc Commission | 12/30/20 | $210,000 |
Ld Spring Pc Accounting Serv | 12/30/20 | $120,542 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $656,467 |
| Investment income | $28,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$87,076 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $598,194 |
| 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. | $283,856 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $513,663 |
| Pension plan accruals and contributions | $12,653 |
| Other employee benefits | $69,640 |
| Payroll taxes | $39,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,590 |
| Fees for services: Accounting | $120,426 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,295 |
| Advertising and promotion | $33,122 |
| Office expenses | $32,152 |
| Information technology | $189,691 |
| Royalties | $0 |
| Occupancy | $7,216 |
| Travel | $26,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,799 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,516 |
| Insurance | $0 |
| All other expenses | -$99,364 |
| Total functional expenses | $1,409,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,550 |
| Savings and temporary cash investments | $317,994 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160,611 |
| 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 | $51,203 |
| Net Land, buildings, and equipment | $6,411 |
| Investments—publicly traded securities | $879,863 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,352 |
| Total assets | $1,422,984 |
| Accounts payable and accrued expenses | $69,246 |
| Grants payable | $0 |
| Deferred revenue | $473,647 |
| 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 | $0 |
| Total liabilities | $542,893 |
| Net assets without donor restrictions | $880,091 |
| 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 | $1,422,984 |