Technology and Manufacturing Association

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Provides educational opportunities, representing, and promoting the interests of members

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
64¢ of each $1 spent went to programs.
$627K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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 $106K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$627K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $781K in investments, Pt X · Ln 11–13
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
+14% vs prior year
Spent
$3.7M
To programs
64%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$3.3M
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$2.8M
FY2022$2.6M
FY2023$2.9M
FY2024$3.3M
Expenses
$3.7M
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$2.6M
FY2022$2.7M
FY2023$3.2M
FY2024$3.7M
Net assets
$2.0M
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.5M
FY2022$2.4M
FY2023$2.3M
FY2024$2.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1943.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $2.4M Management & general 36% · $1.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $627K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & Sec
$210,433Pt VII · Sec A
Exec. Vice President
$155,260Pt VII · Sec A
Director
$145,829Pt VII · Sec A
Senior Director
$115,674Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Patrick J Osborne$210,433$195,398$158,487$157,922$125,194
Steven J Rauschenberger————$205,376
Dennis Lacomb$155,260$149,850$135,197$126,973$107,970
Issac Flex$145,829$131,772———
Jessica Pierce——$135,220$123,828$116,111
Jacques Krikorian$115,674$118,861$113,779——
Kent O Gladish———$102,261—

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.

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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 15aYes

Programs and updates

Offers educational programs and advocates for members' interests.

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Provided by the organization

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3 programs · $2.4M · in their own filed words · FY2024
01

the association provides its members with workforce and 401(k) administrative services such as human relations consulting, comprehensive labor law audit services, unemployment insurance administration, and internet job portal services specifically targeted for manufacturing industry.

$2.4Mprogram expense
02

the association also provides its members with education and training opportunities in areas relating to the manufacturing industry. the association provides needs assessment and program development consultations, seminars and courses, apprentice training related theory instructions, school of design classes, computer labs, hands-on the…

Pt IX · col B
03

the association also hosts a number of events that provide members with educational, training, marketing and networking opportunities to increase skills and further their knowledge of the industry. the association also holds its annual meeting which provides members with a forum for discussion of latest developments and industry issues.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Fees for servicesLn 2g$2.4M
Gifts and grantsLn 1h$507K
Other incomeLn 4–11$423K
Money outPt IX
$3.7M
Ln 25
Programscol B$2.4M
Managementcol C$1.3M
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$300K
Total assetsLn 16$3.5M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
17
listed · VII A
PaidVII A4
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$507K
Government grantsLn 1e$490K
Noncash giftsLn 1g$17K
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$40K
Other incomeLn 4–11$423K
Gains on assetsLn 7$0
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$300K
SavingsLn 2$0
Cash and savings togetherLn 1–2$300K
InvestmentsLn 11–13$781K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$76K
Total assetsLn 16$3.5M
LiabilitiesLn 26$1.6M
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 546
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$582K$300K
InvestmentsLn 11–13$736K$781K
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$3.2M$3.5M
LiabilitiesLn 26$955K$1.6M
Net assetsLn 32$2.3M$2.0M
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$403K$42K$360K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$936K$882K$54K
Pension plan contributionsLn 8$46K$32K$14K
Other employee benefitsLn 9$100K$69K$31K
Payroll taxesLn 10$118K$81K$37K
Management feesLn 11a$0
Legal feesLn 11b$44$44
Accounting feesLn 11c$184K$184K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$55K$13K$41K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$2K$2K
TravelLn 17$76K$76K
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$94K$73K$21K
InsuranceLn 23$55K$55K
Other expenses (24a–d)Ln 24$1.1M$1.0M$123K
All other expensesLn 24e$456K$157K$299K
Total functional expensesLn 25$3.7M$2.4M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.3M$3.7M−$304K$2.0M 990 PDF
FY2023 $2.9M$3.2M−$218K$2.3M 990 PDF
FY2022 $2.6M$2.7M−$135K$2.4M 990 PDF
FY2021 $2.8M$2.6M$189K$2.5M 990 PDF
FY2020 $2.5M$2.6M−$61K$2.3M 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 J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,347,335 revenue, 12 lines filed
I-8 Contributions and grants$507,205
I-9 Program service revenuePrior year $2,551,564$2,376,823
I-10 Investment incomePrior year $5,342$40,361
I-11 Other revenuePrior year $388,846$422,946
I-12 Total revenuePrior year $2,945,752$3,347,335
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,406,235$1,603,254
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,757,763$2,048,155
I-18 Total expensesPrior year $3,163,998$3,651,409
I-19 Revenue less expensesPrior year −$218,246−$304,074
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,347,335 across 12 lines filed
VIII-1e Government grants$490,000
VIII-1f All other contributions, gifts and grants$17,205
VIII-1g Noncash contributions (included above)$17,205
VIII-1h Total contributions, gifts and grants$507,205
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,376,823$2,376,823
VIII-3 Investment incomeExcluded from tax $40,361$40,361
VIII-5 RoyaltiesExcluded from tax $60,375$60,375
VIII-6 Net rental income or lossExcluded from tax $800$800
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $28,021 · Unrelated business $333,750$361,771
VIII-12 Total revenueRelated to mission $2,404,844 · Unrelated business $333,750 · Excluded from tax $101,536$3,347,335
Part IX · Statement of functional expenses $3,651,409 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 staffPrograms $42,473 · Management $360,048$402,521
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $881,537 · Management $54,259$935,796
IX-8 Pension plan contributionsPrograms $31,892 · Management $14,328$46,220
IX-9 Other employee benefitsPrograms $69,179 · Management $31,080$100,259
IX-10 Payroll taxesPrograms $81,166 · Management $37,292$118,458
IX-11a Management fees$0
IX-11b Legal feesManagement $44$44
IX-11c Accounting feesManagement $184,500$184,500
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $2,870$2,870
IX-11g Other fees for servicesPrograms $13,208 · Management $41,423$54,631
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $2,100$2,100
IX-17 TravelManagement $76,405$76,405
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 amortizationPrograms $73,100 · Management $20,618$93,718
IX-23 InsuranceManagement $54,736$54,736
IX-24 Other expenses (24a–d)Programs $1,000,334 · Management $122,569$1,122,903
IX-24e All other expensesPrograms $157,198 · Management $299,050$456,248
IX-25 Total functional expensesPrograms $2,352,187 · Management $1,299,222 · Fundraising $0$3,651,409
Part X · Balance sheet $3,525,343 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $581,867$299,767
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $349,296$885,385
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $101,801$146,210
X-10c Land, buildings and equipment, netStart of year $1,391,861$1,336,972
X-11 Publicly traded securitiesStart of year $735,760$781,354
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $60,980$75,655
X-16 Total assetsStart of year $3,221,565$3,525,343
X-17 Accounts payable and accrued expensesStart of year $298,523$275,499
X-19 Deferred revenueStart of year $656,501$1,279,269
X-26 Total liabilitiesStart of year $955,024$1,554,768
X-27 Net assets without donor restrictionsStart of year $2,266,541$1,970,575
X-32 Total net assets or fund balancesStart of year $2,266,541$1,970,575
X-33 Total liabilities and net assetsStart of year $3,221,565$3,525,343
Part XI · Reconciliation of net assets $1,970,575 net assets at year end
XI-1 Total revenue$3,347,335
XI-2 Total expenses$3,651,409
XI-3 Revenue less expenses−$304,074
XI-4 Net assets at start of year$2,266,541
XI-5 Net unrealized gains (losses) on investments$8,108
XI-10 Net assets at end of year$1,970,575

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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