American Rental Association
- Assets
- $60.1m
- Revenue
- $21.2m
- Investments
- $25.1m
- Employees
- 74
- Location
- Moline, IL
- Founding
- 12/1984
- Data as of
- 12/2021
- EIN
- 36-2425015
Organization Overview
American Rental Association is located in Moline, IL. The organization was established in 1984. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, American Rental Association employed 74 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Rental 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, American Rental Association generated $21.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $16.9m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE SUCCESS OF MEMBERS AND ADVANCE THE EQUIPMENT AND EVENT RENTAL INDUSTRY. WE HOLD AN ANNUAL CONVENTION, PRODUCE A MAGAZINE, AND PROVIDE VARIOUS OTHER MEMBER SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION AND CONFERENCES HELD FOR THE BENEFIT OF MEMBERS NATIONWIDE. MAJOR EXPENSES INCLUDE TRAVEL, HOTEL, HALL RENTAL, BUSING, DECORATING, ACTIVITIES, AND SPEAKERS.
BENEFIT PROGRAMS FOR A.R.A. MEMBERS - SUCH AS THE MONTHLY PUBLICATION OF "RENTAL MANAGEMENT" MAGAZINE, SEMINARS, PRODUCT SURVEYS, SAFETY GUIDELINES, EMPLOYEE TRAINING MANUALS, CALENDARS, AUDIO/VISUAL AIDS, ETC. THESE PROGRAMS ARE FUNDED THROUGH MEMBERSHIP DUES AND PROGRAM CHARGES. THE "RENTAL MANAGEMENT" MAGAZINE ADVERTISING REVENUE OF $2,247,112 IS UNRELATED BUSINESS REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Conant Chief Executive Officer | Officer | 40 | $595,881 |
John W Mcclelland V.P. Government Affairs | 40 | $269,274 | |
Marcy Wright C.f.o./v,p. Operations | 40 | $230,112 | |
James Auerbach VP Membership | 40 | $171,207 | |
Joshua Nickell VP Membership | 40 | $162,840 | |
Christine Hammes VP Association Services | 40 | $151,778 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mds Associates Advertising Sales | 12/30/21 | $195,508 |
Delores Ridout Advertising Sales | 12/30/21 | $180,256 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $877,850 |
| 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 | $877,850 |
| Total Program Service Revenue | $14,922,599 |
| Investment income | $411,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,769,575 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,216,984 |
| 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. | $639,231 |
| Compensation of current officers, directors, key employees. | $136,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,817,265 |
| Pension plan accruals and contributions | $163,281 |
| Other employee benefits | $693,479 |
| Payroll taxes | $378,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,869 |
| Fees for services: Accounting | $36,189 |
| Fees for services: Lobbying | $509,851 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,597 |
| Fees for services: Other | $1,003,974 |
| Advertising and promotion | $0 |
| Office expenses | $409,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $175,956 |
| Travel | $643,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,343,666 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,578 |
| Insurance | $86,810 |
| All other expenses | $1,816,904 |
| Total functional expenses | $16,925,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $753,548 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,181,780 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $150,480 |
| Prepaid expenses and deferred charges | $674,957 |
| Net Land, buildings, and equipment | $1,429,676 |
| Investments—publicly traded securities | $30,671,113 |
| Investments—other securities | $25,052,946 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $148,693 |
| Total assets | $60,063,193 |
| Accounts payable and accrued expenses | $1,685,276 |
| Grants payable | $0 |
| Deferred revenue | $2,300,413 |
| 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 | $163,292 |
| Total liabilities | $4,148,981 |
| 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 | $55,914,212 |
| Total liabilities and net assets/fund balances | $60,063,193 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Rental Association has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
American Rental Association Moline, IL PURPOSE: LEGAL | $15,000 |
American Rental Association Moline, IL PURPOSE: LEGAL | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Rental Association Moline, IL | $60,063,193 | $21,216,984 |
Sigma Kappa National Housing Corp Carmel, IN | $43,130,448 | $13,889,510 |
Wisconsin Realtors Association Madison, WI | $21,391,509 | $7,218,750 |
Home Builders Association Of St Louis And Eastern Missouri St Louis, MO | $3,455,460 | $2,766,865 |
Home Builders Association Of Greater Kansas City Kansas City, MO | $3,251,651 | $2,025,305 |
Greater Louisville Association Of Realtors Inc Louisville, KY | $9,529,127 | $1,361,558 |
Capital Area Association Of Realtors Springfield, IL | $1,975,418 | $1,191,335 |
Realtor Association Of Southwestern Illinois Belleville, IL | $873,858 | $852,796 |
Iowa Manufactured Housing Association Des Moines, IA | $2,039,224 | $388,214 |
Home Builders Association Of Springfield Springfield, MO | $1,425,709 | $548,998 |
Warsaw Senior Citizens Housing Association Joplin, MO | $889,747 | $416,523 |
Hometown Association Of Realtors Sycamore, IL | $111,741 | $419,077 |