Maryland Motor Truck Association Inc
- Assets
- $7.7m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Columbia, MD
- Founding
- 12/1936
- Data as of
- 06/2021
- EIN
- 52-0404290
Organization Overview
Maryland Motor Truck Association Inc is located in Columbia, MD. The organization was established in 1936. 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 06/2021, Maryland Motor Truck Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland 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 06/2021, Maryland Motor Truck Association Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $965.6k during the year ending 06/2021. While expenses have increased by 3.3% 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 PROVIDE SUPPORT FOR THE TRUCKING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGISLATIVE SERVICES - PROVIDED PUBLIC OFFICIALS WITH THE VIEWS OF THE TRUCKING INDUSTRY ON NEW AND PENDING LAWS AND REGULATIONS.
SEMINARS - INFORMED MEMBERS ABOUT CHANGES IN RULES, LAWS AND REGULATIONS AFFECTING TRUCKING COMPANIES.
EDUCATION - PROVIDED SCHOLARSHIPS TO HELP STUDENTS IN TRUCKING AND INDUSTRY RELATED COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Campion President | 40 | $182,631 | |
Armand Patella Director | Trustee | 0 | $0 |
Eric Baumgart 1st Vice Chair | Trustee | 0 | $0 |
Gary Rudy Director | Trustee | 0 | $0 |
Mark Parker Director | Trustee | 0 | $0 |
Peggy Feeney Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,462 |
| Investment income | $354,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,686 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,265,366 |
| Statement of Expenses | |
|---|---|
| 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. | $561,097 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $28,829 |
| Other employee benefits | $58,490 |
| Payroll taxes | $40,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,590 |
| Advertising and promotion | $0 |
| Office expenses | $15,314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $39 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,926 |
| Interest | $6,401 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,799 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $965,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,018,841 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $366,046 |
| Inventories for sale or use | $28,794 |
| Prepaid expenses and deferred charges | $6,036 |
| Investments—publicly traded securities | $688,969 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,228 |
| Other assets | $3,143,713 |
| Total assets | $7,730,291 |
| Accounts payable and accrued expenses | $39,800 |
| Grants payable | $0 |
| Deferred revenue | $11,284 |
| 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 | $262,962 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,282 |
| Total liabilities | $320,328 |
| 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 |
| Total liabilities and net assets/fund balances | $7,409,963 |
Grants Awarded
Over the last fiscal year, Maryland Motor Truck Association Inc has awarded $6,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Rockville, MD PURPOSE: To fund scholarships of students studying in the trucking and transportation field. | $3,000 |
Mchenry, MD PURPOSE: To fund scholarships of students studying in the trucking and transportation field. | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ocean Pines Association Inc Berlin, MD | $44,855,857 | $18,056,839 |
Pipeline Research Council International Inc Chantilly, VA | $19,057,089 | $17,544,537 |
American Association Of University Professors Washington, DC | $14,341,137 | $8,888,177 |
Association For Iron And Steel Technology Warrendale, PA | $25,867,856 | $8,482,182 |
Virginia Society Of Certified Public Accountants Glen Allen, VA | $7,638,918 | $5,705,008 |
Pipe Line Contractors Association Arlington, VA | $3,589,636 | $6,412,897 |
Maryland Association Of Certified Public Accountants Towson, MD | $5,874,281 | $4,922,234 |
Pennsylvania Municipal League Harrisburg, PA | $4,038,620 | $4,353,678 |
Learning Undefeated Inc Gaithersburg, MD | $6,516,289 | $2,709,054 |
National Utility Contractors Association Inc Fairfax, VA | $2,626,638 | $2,535,336 |
Bbb Wise Giving Alliance Arlington, VA | $1,735,279 | $2,119,242 |
National Hispanic Medical Association Washington, DC | $1,336,182 | $2,970,215 |