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531 Lockheed Martin Mgmt Assn FY2021 filing

Not tax-deductible

Marietta, GA501(c)(6)Mutual / membership EIN 58-6037327Revenue $70K in FY2021Latest return filed May 27, 2025

On file with the IRSMarietta, GATax-exempt since Apr 1954

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To assist each lmla member to develop as an individual and as a leader at lm aero. To develop a greater degree of cooperation among all members and all levels of management. To promote a professional spirit and create a set of principles and body of knowledge to which all members may subscribe.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
3 of 5
filings with a surplus
Average deficit $10K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
52 mo
of spending, in cash
Looks good: 51.6 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
0
of 12 voting members
Concern: none of 12 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$70K
-43% vs prior year
Spent
$68K
To programs
99%
Net assets
$285K
By yearFY2020–FY2024
Revenue
$70K
FY2021▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2020$124K
FY2021$70K
FY2022$65K
FY2023$90K
FY2024$88K
Expenses
$68K
FY2021▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$59K
FY2021$68K
FY2022$64K
FY2023$168K
FY2024$127K
Net assets
$285K
FY2021▲ +0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$283K
FY2021$285K
FY2022$293K
FY2023$215K
FY2024$176K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 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 1954.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $67K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Ladonna Dickerson
VP of Progra
$0Pt VII · Sec A
Ashley Jeeter
VP of Prof D
$0Pt VII · Sec A
Juliana Ortiz
VP of Commun
$0Pt VII · Sec A
Jay Bhatt
VP of Financ
$0Pt VII · Sec A
Terrell Harris
VP of Commun
$0Pt VII · Sec A
Carolyn Faulk
VP of Member
$0Pt VII · Sec A
See 531 Lockheed Martin Mgmt Assn executive salaries →

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

Develops individuals and leaders, fosters cooperation, and promotes professional principles for members.

Questions for 531 Lockheed Martin Mgmt Assn

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Your first name shows with your question. 531 Lockheed Martin Mgmt Assn answers here, for everyone.

1 program · in their own filed words · FY2021
01

Assisted members to develop as individuals and as leaders at LM aero. Developed a greater degree of cooperation among all members and all levels of management. Promoted a professional spirit and created a set of principles and body of knowledge to which all members may subscribe.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$70K
Ln 12
Gifts and grantsLn 1h$69K
Other incomeLn 4–11$1K
Investment incomeLn 3$219
Money outPt IX
$68K
Ln 25
Programscol B$67K
Owns and owesPt X
$285K
net assets · Ln 32
Cash and savingsLn 1–2$291K
Total assetsLn 16$285K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$69K
Investment incomeLn 3$219
Other incomeLn 4–11$1K
Total revenueLn 12$70K
Assets in detailPt X, end of year
CashLn 1$291K
Cash and savings togetherLn 1–2$291K
Prepaid expenses and deferred chargesLn 9$675
Total assetsLn 16$285K
LiabilitiesLn 26$0
Net assetsLn 32$285K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6130
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$282K$291K
Total assetsLn 16$283K$292K
LiabilitiesLn 26$0$0
Net assetsLn 32$283K$292K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$66K$66K
All other expensesLn 24e$500$500
Total functional expensesLn 25$67K$67K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 27, 2025 $88K$127K−$39K$176K 990 PDF
FY2023Filed with the IRS Nov 26, 2024 $90K$168K−$78K$215K 990 PDF
FY2022Filed with the IRS Nov 26, 2024 $65K$64K$1K$293K 990 PDF
FY2021 ViewingFiled with the IRS Nov 15, 2022 $70K$68K$2K$285K 990 PDF
FY2020Filed with the IRS Nov 15, 2022 $124K$59K$64K$283K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $70,239 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,465$68,660
I-9 Program service revenue$0
I-10 Investment income$219
I-11 Other revenuePrior year $46,086$1,360
I-12 Total revenuePrior year $123,551$70,239
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 $59,262$66,743
I-18 Total expensesPrior year $59,262$66,743
I-19 Revenue less expensesPrior year $64,289$3,496
Part VI · Governance 0 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $70,239 across 5 lines filed
VIII-1b Membership dues$68,660
VIII-1h Total contributions, gifts and grants$68,660
VIII-3 Investment incomeRelated to mission $219$219
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,360$1,360
VIII-12 Total revenueRelated to mission $1,579$70,239
Part IX · Statement of functional expenses $66,743 across 2 lines filed
IX-24 Other expenses (24a–d)Programs $66,243$66,243
IX-24e All other expensesPrograms $500$500
IX-25 Total functional expensesPrograms $66,743 · Management $0 · Fundraising $0$66,743
Part X · Balance sheet $292,107 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $281,902$291,432
X-9 Prepaid expenses and deferred chargesStart of year $675$675
X-16 Total assetsStart of year $282,577$292,107
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $282,577$292,107
X-32 Total net assets or fund balancesStart of year $282,577$292,107
X-33 Total liabilities and net assetsStart of year $282,577$292,107
Part XI · Reconciliation of net assets $292,107 net assets at year end
XI-1 Total revenue$70,239
XI-2 Total expenses$66,743
XI-3 Revenue less expenses$3,496
XI-4 Net assets at start of year$282,577
XI-8 Prior period adjustments$6,034
XI-10 Net assets at end of year$292,107

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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