Education Market Association
- Assets
- $3.2m
- Revenue
- $895.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Gaithersburg, MD
- Founding
- 03/1935
- Data as of
- 12/2021
- 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 12/2021, Education Market Association employed 8 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 12/2021, Education Market Association generated $895.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) 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 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Mcgarry President & | Officer | 40 | $251,500 |
Adrienne Watts Program Dire | 40 | $130,318 | |
Schedule Attached Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Corporate Solutions Llc Commission | 12/30/20 | $210,000 |
Corporate Solutions Llc Commission | 12/30/20 | $210,000 |
Ld Spring Pc Accounting Serv | 12/30/20 | $120,542 |
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 | $553,153 |
| Investment income | $42,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$879 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $895,550 |
| 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. | $284,433 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $410,014 |
| Pension plan accruals and contributions | $17,061 |
| Other employee benefits | $63,541 |
| Payroll taxes | $31,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,742 |
| Fees for services: Accounting | $124,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,106 |
| Advertising and promotion | $4,227 |
| Office expenses | $40,522 |
| Information technology | $177,240 |
| Royalties | $0 |
| Occupancy | -$945 |
| Travel | $6,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,525 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,678 |
| Insurance | $0 |
| All other expenses | -$77,403 |
| Total functional expenses | $1,307,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,550 |
| Savings and temporary cash investments | $582,333 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $294,272 |
| 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 | $47,508 |
| Net Land, buildings, and equipment | $7,862 |
| Investments—publicly traded securities | $2,220,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,067 |
| Total assets | $3,201,797 |
| Accounts payable and accrued expenses | $429,941 |
| Grants payable | $0 |
| Deferred revenue | $157,621 |
| 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 | $6,624 |
| Other liabilities | $0 |
| Total liabilities | $594,186 |
| Net assets without donor restrictions | $2,607,611 |
| 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 | $3,201,797 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Education Market Association has recieved totaling $14,996.
| Awarding Organization | Amount |
|---|---|
Visitor Development Fund Inc Portland, OR PURPOSE: THREE CITY ALLIANCE PROMOTION | $7,498 |
Visitor Development Fund Inc Portland, OR PURPOSE: THREE CITY ALLIANCE PROMOTION | $7,498 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Personal Care Products Council Washington, DC | $26,566,920 | $19,071,135 |
American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |