STRATEGY STUDIO / PUBLIC DATA EXPLORER

AMERICAN BEARING MANUFACTURERS: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
AMERICAN BEARING MANUFACTURERS (EIN 54-1024108)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-13
IRS object ID
202421349349303597
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-13T11:48:13-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN541498950PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RENNER AND COMPANY CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1700 NORTH FAIRFAX STREET SUITE 400AddressLine1Txt
CityALEXANDRIACityNm
State AbbreviationVAStateAbbreviationCd
ZIP22314ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN541024108EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN BEARING MANUFACTURERSBusinessNameLine1Txt
Business Name Line2ASSOCIATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlAMERBusinessNameControlTxt
Phone7038420030PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11001 NORTH FAIRFAX STREET 500AddressLine1Txt
CityALEXANDRIACityNm
State AbbreviationVAStateAbbreviationCd
ZIP22314ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJENNIFER BLACKFORDPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7038380054PhoneNum
Signature2024-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJENNIFERPersonFirstNm
Person LastBLACKFORDPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTREVOR SEIDEN CPAPreparerPersonNm
PTINP02302381PTIN
Phone7035351200PhoneNum
Preparation2024-05-13PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJENNIFER BLACKFORDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11001 NORTH FAIRFAX STREET 500AddressLine1Txt
CityALEXANDRIACityNm
State AbbreviationVAStateAbbreviationCd
ZIP22314ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$735,607GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.AMERICANBEARINGS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1917FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTO PROVIDE LEADERSHIP, ADVOCACY AND EDUCATION WITH A FOCUS ON MEMBERSHIP VALUE, INDUSTRY OUTREACH AND ISSUES IMPACTING THE GLOBAL BEARING INDUSTRY.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers30TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$509,861PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$141,616PYProgramServiceRevenueAmt
CY Program Service Revenue$725,087CYProgramServiceRevenueAmt
PY Investment Income$10,235PYInvestmentIncomeAmt
CY Investment Income$10,520CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$661,712PYTotalRevenueAmt
CY Total Revenue$735,607CYTotalRevenueAmt
PY Grants And Similar Paid$5,250PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$5,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$611,873PYOtherExpensesAmt
CY Other Expenses$662,565CYOtherExpensesAmt
PY Total Expenses$617,123PYTotalExpensesAmt
CY Total Expenses$667,565CYTotalExpensesAmt
PY Revenues Less Expenses$44,589PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$68,042CYRevenuesLessExpensesAmt
Total Assets BOY$774,748TotalAssetsBOYAmt
Total Assets EOY$892,705TotalAssetsEOYAmt
Total Liabilities BOY$264,423TotalLiabilitiesBOYAmt
Total Liabilities EOY$287,431TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$510,325NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$605,274NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROVIDE LEADERSHIP, ADVOCACY AND EDUCATION WITH A FOCUS ON MEMBERSHIP VALUE, INDUSTRY OUTREACH AND ISSUES IMPACTING THE GLOBAL BEARING INDUSTRY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescANNUAL MEETING: THE ANNUAL MEETING IS HELD EVERY SPRING AS A JOINT EVENT WITH THE AMERICAN GEAR MANUFACTURERS ASSOCIATION. THE MEETING INCLUDES NUMEROUS NETWORKING EVENTS, A BOARD MEETING, AND A NUMBER OF KEYNOTE SPEAKERS. REGISTRATION IS OPEN TO EMPLOYEES OF ABMA MEMBER COMPANIES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescSTANDARDS: ABMA PUBLISHES A COMPLETE SET OF INDUSTRY STANDARDS FOR BEARINGS. THESE STANDARDS WERE EITHER DRAFTED BY ABMAS BEARING TECHNICAL COMMITTEE (BTC) OR NATIONALLY ADOPTED FROM THE INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO). THE STANDARDS ARE DISTRIBUTED ANNUALLY TO THE MEMBER COMPANIES, AND ARE AVAILABLE FOR PURCHASE FOR NONMEMBERS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescFALL MEETING: THE ABMA FALL MEETING IS HELD EVERY FALL AS A JOINT EVENT WITH THE BEARING SPECIALIST ASSOCIATION AND INCLUDES NETWORKING EVENTS, A BOARD MEETING, AND A KEYNOTE SPEAKER. REGISTRATION IS OPEN TO EMPLOYEES OF ABMA MEMBER COMPANIES.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)

DescDesc
EDUCATION: ABMA ORGANIZES SEVERAL TECHNICAL EDUCATION PROGRAMS THROUGHOUT THE YEAR FOR ENGINEERS THAT WORK WITH BEARINGS BOTH IN PERSON AND ONLINE. REGISTRATION IS OPEN TO MEMBERS, WHO RECEIVE SPECIAL PRICING, AND NONMEMBERS. INCLUDED IN THESE PROGRAMS FOR 2023 WERE ESSENTIAL CONCEPTS OF BEARING TECHNOLOGY, LUBRICATION AND WEAR AND ADVANCED CONCEPTS OF BEARING TECHNOLOGY WHICH WERE OFFERED OVER MULTIPLE DAYS, COVERING ENGINEERING CONCEPTS RELATING TO THE MANUFACTURE OF BEARINGS. ADDITIONALLY, ABMA OFFERED A PROGRAM IN CONJUNCTION WITH MPT EXPO ON BEARING WEAR.
WORLD BEARING ASSOCIATION PARTNERSHIP: THE WORLD BEARING ASSOCIATION (WBA) IS A PARTNERSHIP FORMED BY ABMA, THE JAPANESE BEARING ASSOCIATION (JBIA), AND THE EUROPEAN BEARING ASSOCIATION (FEBMA). THE WBA IS ACTIVE IN GLOBAL ANTICOUNTERFEITING EFFORTS AND INDUSTRY STATISTICS COLLECTION. IN 2023, THE WBA HELD EDUCATIONAL SESSIONS FOR CUSTOMS OFFICIALS IN SEVERAL COUNTRIES TO HELP IDENTIFY COUNTERFEIT BEARING PRODUCTS. IN THE FALL OF 2023, THE WBA HELD A GENERAL ASSEMBLY OF ITS MEMBERS HOSTED BY ABMA IN CHICAGO, ILLINOIS.
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind0Form8899Filedind
Form1098 C Filed0Form1098CFiledInd
DAF Excess Business Holdings0DAFExcessBusinessHoldingsInd
Taxable Distributions0TaxableDistributionsInd
Distribution To Donor0DistributionToDonorInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7038420030PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11001 NORTH FAIRFAX STREET SUITE 500AddressLine1Txt
CityALEXANDRIACityNm
State AbbreviationVAStateAbbreviationCd
ZIP22314ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
GARY BOURQUE
CHAIRMAN0.002.00Yes (X)Yes (X)$0$0$0
MATT FRADY
VICE CHAIRMAN0.002.00Yes (X)Yes (X)$0$0$0
EVELISE FARO
TREASURER0.002.00Yes (X)Yes (X)$0$0$0
CRAIG BOND
DIRECTOR0.002.00Yes (X)$0$0$0
PETE EICH
DIRECTOR0.002.00Yes (X)$0$0$0
BOB KOMASARA
DIRECTOR0.002.00Yes (X)$0$0$0
ERIC OVENDORF
DIRECTOR0.002.00Yes (X)$0$0$0
ALEJANDRO PARDINAS
DIRECTOR0.002.00Yes (X)$0$0$0
BRIAN PARSONS
DIRECTOR0.002.00Yes (X)$0$0$0
TONY RICHEY
DIRECTOR0.002.00Yes (X)$0$0$0
DOUG SMITH
DIRECTOR0.002.00Yes (X)$0$0$0
JENNY BLACKFORD
PRESIDENT/SECRETARY0.0015.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBERSHIP DUES900099$504,520$504,520
EDUCATION PROGRAMS900099$181,215$181,215
STANDARD PROGRAM900099$39,352$39,352
FieldValueIRS element (for citing)
Total Program Service Revenue$725,087TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,520TotalRevenueColumnAmt
Exclusion$10,520ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$735,607TotalRevenueColumnAmt
Related Or Exempt Func Income$725,087RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$10,520ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$5,000TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$274,992TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$30,855TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$17,027TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,984TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$8,898TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$21,480TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$132,307TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$11,338TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
DWBA INITIATIVES$75,462
DUES & SUBSCRIPTIONS$35,781
PRINTING & COPYING$24,410
BANK SERVICE FEES$14,673

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$12,358TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$667,565TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$442,278BOYAmt
EOY$331,004EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$27,936BOYAmt
EOY$29,027EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$50,350BOYAmt
EOY$41,063EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$254,184BOYAmt
EOY$491,611EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$774,748BOYAmt
EOY$892,705EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$67,516BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$196,907BOYAmt
EOY$287,431EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$264,423BOYAmt
EOY$287,431EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$510,325BOYAmt
EOY$605,274EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$510,325BOYAmt
EOY$605,274EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$774,748BOYAmt
EOY$892,705EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$68,042ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$26,907NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House LobbyingYes (1)OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$762,514TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$26,907NetUnrealizedGainsInvstAmt
Revenue Not Reported$26,907RevenueNotReportedAmt
Revenue Subtotal$735,607RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$735,607TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$667,565TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$667,565ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$667,565TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationIN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ACCOUNTING STANDARDS REQUIRE AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITION AND CONCLUDED THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE GUIDANCE.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3ABMA HAS AN AGREEMENT WITH AMERICAN GEAR MANUFACTURERS ASSOCIATION (AGMA) TO MANAGE ITS OPERATIONS WHICH RENEWS ON AN ANNUAL BASIS. PER THE AGREEMENT, AGMA PROVIDES GENERAL MANAGEMENT, FINANCIAL SERVCIES, CONVENTION AND OVERHEAD OPERATING SERVICES. DURING THE YEAR ENDED DECEMBER 31, 2023, TOTAL AGMA FEES WERE $274,992. AGMA'S PERFORMANCE UNDER THIS AGREEMENT IS MONITORED BY THE BOARD OF AMERICAN BEARING MANUFACTURERS ASSOCIATON.
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION HAS MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7ATHE ORGANIZATION'S MEMBERS ELECT THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BA DRAFT COPY OF THE 990 IS REVIEWED AND APPROVED BY THE GOVERNING BODY PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY AT BOARD MEETINGS ON AN ANNUAL BASIS TO ENSURE THAT THERE ARE NO VIOLATIONS OF THE POLICY, AND THE BOARD OF DIRECTORS ARE REQUIRED TO SIGN THE CONFILICT OF INTEREST POLICY ANNUALLY AT THE 1ST BOD MEETING.
FORM 990, PART VI, SECTION C, LINE 19FORM 990 IS AVAILABLE UPON REQUEST AND ALSO THROUGH THE WEBSITE WWW.GUIDESTAR.ORG.
FORM 990, PART XI, LINE 2CTHE PROCESS HAS NOT CHANGED FROM THE PRIOR YEARS.