Associated Equipment Distributors FY2020 filing

Not tax-deductible

Schaumburg, IL501(c)(6)Since 1956EIN 36-2098486Revenue $5.0M in FY2020

On file with the IRSaednet.org650 E Algonquin Rd, 60173-3846 · Schaumburg, ILTax-exempt since Jul 1943

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Aed is an international trade association representing companies involved in the distribution, rental and support of Equipment used in construction, mining, forestry, power generation, agriculture and industrial applications. We enhance the ongoing success and profitability of our member companies and related constituencies by creating and providing high quality products, services and information.

$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

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
5 of 5
filings with a surplus
Average surplus $572K a year · 9% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.1M
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $104K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.0M
Spent
$4.5M
Net assets
$5.4M
By yearFY2020–FY2024
Revenue
$5.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.0M
FY2021$5.0M
FY2022$6.8M
FY2023$7.1M
FY2024$8.2M
Expenses
$4.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.5M
FY2021$4.9M
FY2022$6.3M
FY2023$6.2M
FY2024$7.4M
Net assets
$5.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.4M
FY2021$6.1M
FY2022$5.5M
FY2023$7.0M
FY2024$8.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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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 Jul 1943.

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

Who runs it and what they're paid

27 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$350,283Pt VII · Sec A
VP of Govt Affairs
$231,186Pt VII · Sec A
EVP & CFO
$202,344Pt VII · Sec A
VP of Sales
$187,928Pt VII · Sec A
$146,930Pt VII · Sec A
VP of Membership
$0Pt VII · Sec A
VP of Finance
$0Pt VII · Sec A
At Large Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brian P McGuire$452,291$438,783$390,687$365,148$350,283
Jonathan Cruthers$307,859————
Daniel Fisher$303,620————
Daniel B Fisher—$293,637$275,965$255,651$231,186
Jon Cruthers—$256,924$242,211$165,411$187,928
Jason Blake———$156,200$202,344
Robert Henderson$181,232$170,359$160,680$155,697$146,930
Michael Kondrath$178,625$147,315———

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 Associated Equipment Distributors 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 15aYes

Programs and updates

Connects and supports companies distributing, renting, and servicing equipment for various industries.

Provided by the organization

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3 programs · in their own filed words · FY2020
01

The executive forum brings together the equipment industry's top executives and experts to discuss trends and issues that are shaping the future of equipment distribution. The forum provides participating executives with management concepts directly applicable to the success of their business, an unparalleled opportunity to delve into…

Pt IX · col B
02

The association provides a variety of published materials which are aimed at helping member companies understand contemporary management issues in order to operate their businesses more effectively.

Pt IX · col B
03

The annual meeting is conducted as an educational and networking service for members of the association. Over a four-day period, the annual meeting provides unique services for employees of the organization's member firms.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$104K
Grants paid · 3 grants · $1.3M · 2022–2024
The Aed Foundation INCIL · FY2024$500,000
The Aed Foundation INCIL · FY2023$300,000
The Aed Foundation INCIL · FY2022$500,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Fees for servicesLn 2g$4.9M
Other incomeLn 4–11$111K
Investment incomeLn 3$66K
Money outPt IX
$4.5M
Ln 25
Owns and owesPt X
$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$8.0M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
27
listed · VII A
PaidVII A5
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.9M
Investment incomeLn 3$66K
Other incomeLn 4–11$111K
Gains on assetsLn 7−$106K
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$453K
SavingsLn 2$927K
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$5.9M
Land, buildings, equipmentLn 10c$149K
Other assetsLn 15$37K
Total assetsLn 16$8.0M
LiabilitiesLn 26$2.6M
Net assetsLn 32$5.4M
OperationsPt I, VI
EmployeesI 529
VolunteersI 623
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 FY20End FY20
Cash and savingsLn 1–2$1.3M$1.4M
InvestmentsLn 11–13$5.5M$5.9M
Land, buildings, equipmentLn 10c$152K$149K
Total assetsLn 16$7.5M$8.0M
LiabilitiesLn 26$3.0M$2.6M
Net assetsLn 32$4.5M$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$1.1M
Pension plan contributionsLn 8$749K
Other employee benefitsLn 9$190K
Payroll taxesLn 10$134K
Legal feesLn 11b$33K
Accounting feesLn 11c$24K
Investment management feesLn 11f$32K
Other fees for servicesLn 11g$128K
Advertising and promotionLn 12$12K
Office expensesLn 13$322K
Information technologyLn 14$27K
OccupancyLn 16$104K
TravelLn 17$176K
Conferences, conventions and meetingsLn 19$1.1M
InterestLn 20$12K
Depreciation, depletion and amortizationLn 22$65K
InsuranceLn 23$38K
Other expenses (24a–d)Ln 24$205K
All other expensesLn 24e$79K
Total functional expensesLn 25$4.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $8.2M$7.4M$827K$8.4M 990 PDF
FY2023 $7.1M$6.2M$920K$7.0M 990 PDF
FY2022 $6.8M$6.3M$467K$5.5M 990 PDF
FY2021 $5.0M$4.9M$139K$6.1M 990 PDF
FY2020 Viewing $5.0M$4.5M$506K$5.4M 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 FY2020 990 (6 parts)
Part I · Summary $5,030,038 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $5,121,202$4,853,677
I-10 Investment incomePrior year $176,085$65,628
I-11 Other revenuePrior year $118,705$110,733
I-12 Total revenuePrior year $5,415,992$5,030,038
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,170,373$2,191,502
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,015,256$2,332,744
I-18 Total expensesPrior year $5,185,629$4,524,246
I-19 Revenue less expensesPrior year $230,363$505,792
Part VI · Governance 23 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
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 $5,030,038 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,396,010 · Unrelated business $457,667$4,853,677
VIII-3 Investment incomeExcluded from tax $171,704$171,704
VIII-5 RoyaltiesRelated to mission $108,669$108,669
VIII-7 Net gain or loss on sales of assetsRelated to mission −$106,076−$106,076
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,064$2,064
VIII-12 Total revenueRelated to mission $4,400,667 · Unrelated business $457,667 · Excluded from tax $171,704$5,030,038
Part IX · Statement of functional expenses $4,524,246 across 19 lines filed
IX-6 Pay of disqualified persons$1,118,671
IX-8 Pension plan contributions$748,812
IX-9 Other employee benefits$189,527
IX-10 Payroll taxes$134,492
IX-11b Legal fees$33,100
IX-11c Accounting fees$24,075
IX-11f Investment management fees$32,101
IX-11g Other fees for services$128,463
IX-12 Advertising and promotion$12,060
IX-13 Office expenses$322,172
IX-14 Information technology$26,657
IX-16 Occupancy$104,394
IX-17 Travel$176,114
IX-19 Conferences, conventions and meetings$1,074,812
IX-20 Interest$11,736
IX-22 Depreciation, depletion and amortization$64,640
IX-23 Insurance$37,861
IX-24 Other expenses (24a–d)$205,464
IX-24e All other expenses$79,095
IX-25 Total functional expenses$4,524,246
Part X · Balance sheet $7,981,431 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $619,731$452,857
X-2 Savings and temporary cash investmentsStart of year $705,435$926,859
X-4 Accounts receivableStart of year $233,054$283,975
X-9 Prepaid expenses and deferred chargesStart of year $283,460$212,258
X-10c Land, buildings and equipment, netStart of year $152,298$148,903
X-11 Publicly traded securitiesStart of year $5,450,506$5,919,241
X-15 Other assetsStart of year $47,012$37,338
X-16 Total assetsStart of year $7,491,496$7,981,431
X-17 Accounts payable and accrued expensesStart of year $362,127$307,043
X-19 Deferred revenueStart of year $2,639,236$1,784,506
X-26 Total liabilitiesStart of year $3,001,363$2,591,549
X-27 Net assets without donor restrictionsStart of year $4,490,133$5,389,882
X-32 Total net assets or fund balancesStart of year $4,490,133$5,389,882
X-33 Total liabilities and net assetsStart of year $7,491,496$7,981,431
Part XI · Reconciliation of net assets $5,389,882 net assets at year end
XI-1 Total revenue$5,030,038
XI-2 Total expenses$4,524,246
XI-3 Revenue less expenses$505,792
XI-4 Net assets at start of year$4,490,133
XI-5 Net unrealized gains (losses) on investments$393,957
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,389,882

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

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