Automotive Parts Remanufacturers
- Assets
- $138.3k
- Revenue
- $101.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Alexandria, VA
- Founding
- 11/1942
- Data as of
- 12/2022
- EIN
- 53-0260372
Organization Overview
Automotive Parts Remanufacturers is located in Alexandria, VA. The organization was established in 1942. 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 12/2022, Automotive Parts Remanufacturers employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Automotive Parts Remanufacturers 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, Automotive Parts Remanufacturers generated $101.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $115.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.5%) per year over the past 8 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 ASSOCIATION IS A MEMBERSHIP ASSOCIATION OF OVER 800 MEMBER COMPANIES THAT REBUILD AUTOMOTIVE RELATED HARD PARTS, SUCH AS STARTERS, ALTERNATORS, CLUTCHES, TRANSMISSIONS, BRAKES, DRIVE SHAFTS AND OTHER PARTS FOR PASSENGER CARS, TRUCKS, OFF-ROAD EQUIPMENT AND INDUSTRIAL USES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER PUBLICATION AND SERVICES - PRINTING OF THE ANNUAL ROSTERS, TECHNICAL PUBLICATIONS AND PUBLIC AWARENESS VIDEOS TO HELP CUSTOMERS BETTER AND BENEFIT THE MOTORING PUBLIC.
INSTITUTE SEMINARS - CLINICS INCLUDING NUMEROUS TECHNICAL MEETINGS RELATED TO THE AUTOMOTIVE INDUSTRY.
CONVENTIONS - THE ASSOCIATION ATTENDED SEVERAL CONVENTIONS IN 2022 SUCH AS THE PAACE EXPOSITION AND HDAW CONVENTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Kripli President | OfficerTrustee | 0 | $81,000 |
Daniel Kohler Director | Trustee | 0 | $0 |
Dean Conner Director | Trustee | 0 | $0 |
Tom Jackson Past Chairman | Trustee | 0 | $0 |
Joseph Chow Director | Trustee | 0 | $0 |
Greg Arsenault Chairman | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $67,326 |
| 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 | $67,326 |
| Total Program Service Revenue | $31,281 |
| Investment income | $2,866 |
| 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 | $101,473 |
| 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. | $41,042 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,209 |
| Fees for services: Accounting | $3,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,136 |
| Office expenses | $4,774 |
| Information technology | $7,716 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,214 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,279 |
| All other expenses | $17,250 |
| Total functional expenses | $115,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,802 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,958 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $86,504 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $138,264 |
| Accounts payable and accrued expenses | $1,234 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $112,900 |
| Other liabilities | $0 |
| Total liabilities | $114,134 |
| Net assets without donor restrictions | $20,878 |
| Net assets with donor restrictions | $3,252 |
| 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 | $138,264 |