Industrial Compressor Distributors Association FY2020 filing

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To promote the highest standards of production, financial and managerial activities, to provide the vehicle for the solution of industry problems in an effective and efficient manner and to promote the anticipation and awareness and positive reaction to these forces.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$43K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2020 · 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
1 of 5
filings with a surplus
Average deficit $28K a year · 14% of revenue · last 5 filings
Concern: a surplus in 1 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
Pay to officers and key staff
$43K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
20 mo
of spending, in cash
Looks good: 19.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
65
of 65 voting members
Looks good: 65 of 65 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$126K
Spent
$137K
To programs
0%
Net assets
$223K
By yearFY2020–FY2024
Revenue
$126K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$126K
FY2021$109K
FY2022$257K
FY2023$259K
FY2024$264K
Expenses
$137K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$137K
FY2021$214K
FY2022$281K
FY2023$264K
FY2024$261K
Net assets
$223K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$223K
FY2021$118K
FY2022$95K
FY2023$90K
FY2024$93K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 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 Apr 1990.

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

Who runs it and what they're paid

5 people listed on the 990; $43K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$43,333Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Margot Gravel——$36,833$40,000$43,333
Margo Gravel—$22,167———
Elyse Gilliam$17,500————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Industrial Compressor Distributors 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

Improves industry standards and solves problems through effective, efficient, and forward-thinking solutions.

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1 program · in their own filed words · FY2020
01

Each year an annual general membership meeting is held for the purpose of discussing business affairs of the association and to develop programs that are beneficial to the membership and their employees.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$126K
Ln 12
Fees for servicesLn 2g$89K
Gifts and grantsLn 1h$31K
Other incomeLn 4–11$7K
Money outPt IX
$137K
Ln 25
Owns and owesPt X
$223K
net assets · Ln 32
Cash and savingsLn 1–2$223K
Total assetsLn 16$223K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a65
IndependentVI 1b65
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Fees for servicesLn 2g$89K
Investment incomeLn 3$40
Other incomeLn 4–11$7K
Total revenueLn 12$126K
Assets in detailPt X, end of year
CashLn 1$16K
SavingsLn 2$207K
Cash and savings togetherLn 1–2$223K
Total assetsLn 16$223K
LiabilitiesLn 26$0
Net assetsLn 32$223K
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$218K$223K
Total assetsLn 16$218K$223K
LiabilitiesLn 26$0$0
Net assetsLn 32$218K$223K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$43K
Accounting feesLn 11c$748
Office expensesLn 13$2K
OccupancyLn 16$8K
Conferences, conventions and meetingsLn 19$83K
Total functional expensesLn 25$137K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $264K$261K$3K$93K 990 PDF
FY2023 $259K$264K−$5K$90K 990 PDF
FY2022 $257K$281K−$24K$95K 990 PDF
FY2021 $109K$214K−$105K$118K 990 PDF
FY2020 Viewing $126K$137K−$10K$223K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $126,455 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,700$30,950
I-9 Program service revenuePrior year $203,221$88,805
I-10 Investment incomePrior year $692$40
I-11 Other revenuePrior year −$1,602$6,660
I-12 Total revenuePrior year $243,011$126,455
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $40,000$43,333
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $231,785$93,568
I-18 Total expensesPrior year $271,785$136,901
I-19 Revenue less expensesPrior year −$28,774−$10,446
Part VI · Governance 65 of 65 board members independent, 4 to look at
VI-1a Voting members of the governing body65
VI-1b Independent voting members65
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $126,455 across 6 lines filed
VIII-1b Membership dues$30,950
VIII-1h Total contributions, gifts and grants$30,950
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $88,805$88,805
VIII-3 Investment incomeRelated to mission $40$40
VIII-8 Net income from fundraising events$6,660
VIII-12 Total revenueRelated to mission $88,845$126,455
Part IX · Statement of functional expenses $136,901 across 5 lines filed
IX-7 Other salaries and wages$43,333
IX-11c Accounting fees$748
IX-13 Office expenses$1,964
IX-16 Occupancy$7,718
IX-19 Conferences, conventions and meetings$83,138
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$136,901
Part X · Balance sheet $222,953 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $19,833$16,398
X-2 Savings and temporary cash investmentsStart of year $198,521$206,555
X-16 Total assetsStart of year $218,354$222,953
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $218,354$222,953
X-33 Total liabilities and net assetsStart of year $218,354$222,953
Part XI · Reconciliation of net assets $222,953 net assets at year end
XI-1 Total revenue$126,455
XI-2 Total expenses$136,901
XI-3 Revenue less expenses−$10,446
XI-4 Net assets at start of year$218,354
XI-8 Prior period adjustments$15,045
XI-10 Net assets at end of year$222,953

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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