Power-Motion Technology Representatives Association FY2023 filing

Not tax-deductible

Plymouth, MN501(c)(6)Since 1972EIN 23-7267570Revenue $478K in FY2023

On file with the IRSptra.org10700 W Hwy 55 275, 55441-6162 · Plymouth, MNTax-exempt since Nov 1973

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To promote and advance the science of mechanical Power transmission and Motion control devices through activities and programs of an educational nature.

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $20K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$100K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$478K
+6% vs prior year
Spent
$448K
To programs
0%
Net assets
$173K
By yearFY2020–FY2024
Revenue
$478K
FY2023▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$173K
FY2021$296K
FY2022$450K
FY2023$478K
FY2024$569K
FY2024$522K
Expenses
$448K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$144K
FY2021$325K
FY2022$440K
FY2023$448K
FY2024$508K
FY2024$527K
Net assets
$173K
FY2023▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$163K
FY2021$133K
FY2022$143K
FY2023$173K
FY2024$233K
FY2024$228K

From the FY2023 Form 990 (year ending May 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
1st Vice Pres
$0Pt VII · Sec A
2nd Vice Pres
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Immed Past Pres
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Power-Motion Technology Representatives Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advances mechanical power transmission science through research and education.

Provided by the organization

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1 program · in their own filed words · FY2022
01

To promote and advance the science of mechanical power transmission and motion control devices through activities and programs of an educational nature.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$478K
Ln 12
Fees for servicesLn 2g$474K
Gifts and grantsLn 1h$4K
Investment incomeLn 3$71
Money outPt IX
$448K
Ln 25
Owns and owesPt X
$173K
net assets · Ln 32
Cash and savingsLn 1–2$236K
Total assetsLn 16$272K
LiabilitiesLn 26$100K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g$474K
Investment incomeLn 3$71
Gains on assetsLn 7$0
Total revenueLn 12$478K
Assets in detailPt X, end of year
CashLn 1$181K
SavingsLn 2$55K
Cash and savings togetherLn 1–2$236K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$272K
LiabilitiesLn 26$100K
Net assetsLn 32$173K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$224K$236K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$248K$272K
LiabilitiesLn 26$105K$100K
Net assetsLn 32$143K$173K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$87K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$26K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$21K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$250K
All other expensesLn 24e$61K
Total functional expensesLn 25$448K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $569K$508K$61K$233K 990 PDF
FY2023 Viewing $478K$448K$30K$173K 990 PDF
FY2022 $450K$440K$10K$143K 990 PDF
FY2021 $296K$325K−$29K$133K 990 PDF
FY2020 $173K$144K$29K$163K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $478,042 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,005$4,160
I-9 Program service revenuePrior year $445,947$473,811
I-10 Investment incomePrior year $5$71
I-11 Other revenue$0
I-12 Total revenuePrior year $449,957$478,042
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $440,400$448,328
I-18 Total expensesPrior year $440,400$448,328
I-19 Revenue less expensesPrior year $9,557$29,714
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $478,042 across 9 lines filed
VIII-1f All other contributions, gifts and grants$4,160
VIII-1h Total contributions, gifts and grants$4,160
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $473,811$473,811
VIII-3 Investment incomeExcluded from tax $71$71
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $473,811 · Excluded from tax $71$478,042
Part IX · Statement of functional expenses $448,328 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$87,208
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$25,538
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$20,689
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$4,188
IX-24 Other expenses (24a–d)$249,896
IX-24e All other expenses$60,809
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$448,328
Part X · Balance sheet $272,267 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $168,866$181,278
X-2 Savings and temporary cash investmentsStart of year $54,877$54,948
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$10,245
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $23,941$25,796
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $247,684$272,267
X-17 Accounts payable and accrued expensesStart of year $10,220$5,394
X-19 Deferred revenueStart of year $94,555$94,250
X-26 Total liabilitiesStart of year $104,775$99,644
X-27 Net assets without donor restrictionsStart of year $121,779$147,869
X-28 Net assets with donor restrictionsStart of year $21,130$24,754
X-32 Total net assets or fund balancesStart of year $142,909$172,623
X-33 Total liabilities and net assetsStart of year $247,684$272,267
Part XI · Reconciliation of net assets $172,623 net assets at year end
XI-1 Total revenue$478,042
XI-2 Total expenses$448,328
XI-3 Revenue less expenses$29,714
XI-4 Net assets at start of year$142,909
XI-10 Net assets at end of year$172,623

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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