American Council Of Independent Laboratories Inc
- Assets
- $421.7k
- Revenue
- $751.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/1945
- Data as of
- 12/2022
- EIN
- 52-6053960
Organization Overview
American Council Of Independent Laboratories Inc is located in Washington, DC. The organization was established in 1945. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Council Of Independent Laboratories 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 12/2022, American Council Of Independent Laboratories Inc generated $751.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $787.3k during the year ending 12/2022. While expenses have increased by 5.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING THE INDEPENDENT TESTING COMMUNITY WITH ADVOCACY, EDUCATION, AND ALLIANCES TO ENABLE MEMBERS TO BETTER ADDRESS ENVIRONMENTAL AND PRODUCT RISKS TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMITTEES AND SECTIONS - THE COUNCIL HAS FOUR DISCIPLINE-RELATED SECTIONS THAT WORK ON THE TECHNICAL, MANAGEMENT AND POLICY ISSUES AFFECTING SPECIFIC MEMBER PRACTICE AREAS. THE MEMBERS PARTICIPATING IN THE SECTIONS WORK TO ENCOURAGE GOOD BUSINESS PRACTICES AND IMPROVE MARKET CONDITIONS FOR ALL COMPANIES WITHIN THEIR TESTING FIELDS.
MEETINGS - THE COUNCIL HOLDS A VARIETY OF CONFERENCES AND WORKSHOPS THAT ARE OFFERED TO THE MEMBERS THAT INCLUDE GUEST SPEAKERS.
MEMBER SERVICES - THE COUNCIL FACILITATES ACTIVITIES AND PROVIDES MEMBERS WITH AN INFORMATIVE NEWSLETTER. MEMBER ACTIVITIES INCLUDE MAINTAIING AN INTERACTIVE WEBSITE AND THE COUNCIL'S LIST SERVE, SURVEYS, PUBLICATIONS, AND OTHER EDUCATIONAL TOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Singh Treasurer | OfficerTrustee | 1.5 | $0 |
Jim Kuhn Immediate Past Chair | OfficerTrustee | 1.5 | $0 |
Scott Wentworth At Large Director | Trustee | 1 | $0 |
Greg Schmidt At Large Director | Trustee | 1 | $0 |
Allison Mackenzie At Large Director | Trustee | 1 | $0 |
Sean Murray At Large Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bright Concepts Inc Coo Services | 12/30/22 | $257,008 |
Oscar Policy Group Llc Lobbying | 12/30/22 | $162,000 |
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 | $751,506 |
| Investment income | $318 |
| Tax Exempt Bond Proceeds | $0 |
| 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 | $751,824 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $257,008 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,712 |
| Fees for services: Lobbying | $120,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,559 |
| Advertising and promotion | $0 |
| Office expenses | $19,031 |
| Information technology | $12,915 |
| Royalties | $0 |
| Occupancy | $1,953 |
| Travel | $352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $142,055 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,459 |
| All other expenses | $25,331 |
| Total functional expenses | $787,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,013 |
| Savings and temporary cash investments | $205,518 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250 |
| 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 | $6,627 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,248 |
| Total assets | $421,656 |
| Accounts payable and accrued expenses | $66,479 |
| Grants payable | $0 |
| Deferred revenue | $43,300 |
| 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 | $78,451 |
| Other liabilities | $32,551 |
| Total liabilities | $220,781 |
| Net assets without donor restrictions | $200,875 |
| 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 | $421,656 |