The U S Tire Manufacturers Asso Inc
- Assets
- $9.6m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Washington, DC
- Founding
- 04/1977
- Data as of
- 09/2023
- EIN
- 52-1083025
Organization Overview
The U S Tire Manufacturers Asso Inc is located in Washington, DC. The organization was established in 1977. 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 09/2023, U S Tire Manufacturers Asso Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U S Tire Manufacturers Asso 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 09/2023, U S Tire Manufacturers Asso Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $9.3m during the year ending 09/2023. While expenses have increased by 5.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE U.S. TIRE MANUFACTURERS ASSOCIATION, INC.'S (USTMA) MAIN ACTIVITIES INCLUDE:1) ADVOCATING LEGISLATIVE AND REGULATORY POSITIONS AND POLICIES ON BEHALF OF USTMA MEMBER COMPANIES;2) EDUCATING THE PUBLIC ON TIRE SAFETY, CARE AND SERVICE;3) SERVING AS THE CLEARINGHOUSE FOR AGGREGATE INDUSTRY DATA; AND4) FACILITATING THE DEVELOPMENT OF INDUSTRY STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paolo Ferrari Chair | OfficerTrustee | 0.38 | $0 |
David Reese Director | Trustee | 0.31 | $0 |
Jochen Etzel Director | Trustee | 0.31 | $0 |
Blade Eaddy Director | Trustee | 0.31 | $0 |
Rob Williams Director | Trustee | 0.31 | $0 |
Yong-Sik Shin Director (until 11/22) | Trustee | 0.31 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cyber Gourmet It Services | 9/29/23 | $230,997 |
Tiny Mighty Communications Public Relations | 9/29/23 | $531,655 |
Brown & Caldwell Consulting Services | 9/29/23 | $224,095 |
Sidley Austin Llp Legal Services | 9/29/23 | $150,052 |
Alpine Group Partners Llc Lobbying | 9/29/23 | $150,000 |
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 | $10,362,552 |
| Investment income | $98,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$145,395 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,315,804 |
| 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. | $1,565,742 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,366,034 |
| Pension plan accruals and contributions | $265,034 |
| Other employee benefits | $311,002 |
| Payroll taxes | $192,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $457,065 |
| Fees for services: Accounting | $58,739 |
| Fees for services: Lobbying | $507,259 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,449 |
| Fees for services: Other | $1,742,831 |
| Advertising and promotion | $261,074 |
| Office expenses | $72,547 |
| Information technology | $283,993 |
| Royalties | $0 |
| Occupancy | $445,066 |
| Travel | $142,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,266 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157,342 |
| Insurance | $70,091 |
| All other expenses | $47,189 |
| Total functional expenses | $9,319,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,344 |
| Savings and temporary cash investments | $1,711,324 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $511,796 |
| 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 | $478,029 |
| Net Land, buildings, and equipment | $529,212 |
| Investments—publicly traded securities | $3,593,567 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,527,870 |
| Total assets | $9,564,142 |
| Accounts payable and accrued expenses | $1,150,173 |
| Grants payable | $0 |
| Deferred revenue | $111,750 |
| 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 | $3,824,741 |
| Total liabilities | $5,086,664 |
| Net assets without donor restrictions | $4,443,902 |
| Net assets with donor restrictions | $33,576 |
| 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 | $9,564,142 |