Archery Manufacturers Organization
- Assets
- $3.9m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 18
- Location
- New Ulm, MN
- Founding
- 10/1957
- Data as of
- 03/2022
- EIN
- 36-6110135
Organization Overview
Archery Manufacturers Organization is located in New Ulm, MN. The organization was established in 1957. According to its NTEE Classification (N61) the organization is classified as: Fishing & Hunting, under the broad grouping of Recreation & Sports and related organizations. As of 03/2022, Archery Manufacturers Organization employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Archery Manufacturers Organization 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 03/2022, Archery Manufacturers Organization generated $3.9m 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 (5.0%) each year. All expenses for the organization totaled $3.7m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION AND PROTECTION OF THE ARCHERY AND BOWHUNTING INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WORKS TO MARKET, PROMOTE AND SERVE INDIVIDUALS, COMPANIES AND CORPORATIONS INVOLVED IN THE MANUFACTURE, WHOLESALE, RETAIL, SALES AND DISTRIBUTION OF ARCHERY EQUIPMENT, PRODUCTS GOODS AND SERVICES. WE ALSO MAINTAIN AND ENHANCE THE PROFITABILITY AND ECONOMIC VIABILITY OF INDIVIDUALS, COMPANIES AND CORPORATIONS IN THE ARCHERY INDUSTRY. THESE EFFORTS ARE PRIMARILY ACCOMPLISHED THROUGH THE ANNUAL TRADE SHOW AND THROUGH A MEMBER SERVICE AND BENEFIT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Kormann Ceo/president | Officer | 40 | $247,418 |
Jeff Poole Ceo/president | Officer | 40 | $80,447 |
Jeff Adee Vice-Chair | OfficerTrustee | 1 | $0 |
James Mcgovern Vice-Chair | OfficerTrustee | 1 | $0 |
Mark Copeland Chair | OfficerTrustee | 1 | $0 |
Keith Arnold Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,383 |
| 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 | $21,383 |
| Total Program Service Revenue | $3,895,692 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | -$1,455 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,915,620 |
| 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. | $327,865 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $939,699 |
| Pension plan accruals and contributions | $54,418 |
| Other employee benefits | $239,599 |
| Payroll taxes | $72,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,517 |
| Fees for services: Accounting | $17,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,445 |
| Fees for services: Other | $107,338 |
| Advertising and promotion | $191,946 |
| Office expenses | $133,313 |
| Information technology | $106,748 |
| Royalties | $0 |
| Occupancy | $19,072 |
| Travel | $43,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,079 |
| Payments to affiliates | $610,954 |
| Depreciation, depletion, and amortization | $21,131 |
| Insurance | $15,037 |
| All other expenses | $30,777 |
| Total functional expenses | $3,710,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,915 |
| Savings and temporary cash investments | $494,899 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,610 |
| 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 | $99,895 |
| Net Land, buildings, and equipment | $10,201 |
| Investments—publicly traded securities | $3,105,412 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,879,932 |
| Accounts payable and accrued expenses | $23,126 |
| Grants payable | $0 |
| Deferred revenue | $198,800 |
| 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 | $146,387 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $63,612 |
| Total liabilities | $431,925 |
| Net assets without donor restrictions | $3,448,007 |
| 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 | $3,879,932 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Great Lakes Indian Fish And Wildlife Commission Odanah, WI | $20,856,902 | $10,187,366 |
Archery Manufacturers Organization New Ulm, MN | $3,879,932 | $3,915,620 |
Minnesota Deer Hunters Association Grand Rapids, MN | $2,684,292 | $2,238,829 |
Waukesha Gun Club Inc Waukesha, WI | $2,544,034 | $1,548,590 |
National Field Archery Association Of The United States Inc Yankton, SD | $812,907 | $1,099,392 |
Marsh Lake Hunting Preserve Inc Chaska, MN | $2,055,546 | $845,792 |
National Field Archery Association Foundation Yankton, SD | $6,149,143 | $1,080,148 |
South Saint Paul Rod And Gun Club South Saint Paul, MN | $638,921 | $719,232 |
Salmon Unlimited Wisconsin Inc Racine, WI | $345,505 | $833,800 |
Iowa State Trapshooting Assn Harlan, IA | $651,983 | $591,624 |
Red River Regional Marksmanship Center Inc West Fargo, ND | $2,019,599 | $347,307 |
Eau Claire Rod And Gun Club Eau Claire, WI | $560,066 | $511,304 |