2024-05-13T11:48:13-05:00 2023-12-31 541498950 RENNER AND COMPANY CPA PC 700 NORTH FAIRFAX STREET SUITE 400 ALEXANDRIA VA 22314 990 2023-01-01 541024108 AMERICAN BEARING MANUFACTURERS ASSOCIATION AMER 7038420030 1001 NORTH FAIRFAX STREET 500 ALEXANDRIA VA 22314 JENNIFER BLACKFORD PRESIDENT 7038380054 2024-05-13 1 JENNIFER BLACKFORD 999009999 1 TREVOR SEIDEN CPA P02302381 7035351200 2024-05-13 0 AAL1 IAL1 2023 2023-04-26 12:10:37Z JENNIFER BLACKFORD 1001 NORTH FAIRFAX STREET 500 ALEXANDRIA VA 22314 735607 0 X WWW.AMERICANBEARINGS.ORG X 1917 DE TO PROVIDE LEADERSHIP, ADVOCACY AND EDUCATION WITH A FOCUS ON MEMBERSHIP VALUE, INDUSTRY OUTREACH AND ISSUES IMPACTING THE GLOBAL BEARING INDUSTRY. 11 11 0 30 0 0 509861 0 141616 725087 10235 10520 0 0 661712 735607 5250 5000 0 0 0 0 0 0 0 611873 662565 617123 667565 44589 68042 774748 892705 264423 287431 510325 605274 X TO PROVIDE LEADERSHIP, ADVOCACY AND EDUCATION WITH A FOCUS ON MEMBERSHIP VALUE, INDUSTRY OUTREACH AND ISSUES IMPACTING THE GLOBAL BEARING INDUSTRY. 0 0 ANNUAL 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. STANDARDS: 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. FALL 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. 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. 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 VA X THE ORGANIZATION 7038420030 1001 NORTH FAIRFAX STREET SUITE 500 ALEXANDRIA VA 22314 X GARY BOURQUE CHAIRMAN 0.00 2.00 X X 0 0 0 MATT FRADY VICE CHAIRMAN 0.00 2.00 X X 0 0 0 EVELISE FARO TREASURER 0.00 2.00 X X 0 0 0 CRAIG BOND DIRECTOR 0.00 2.00 X 0 0 0 PETE EICH DIRECTOR 0.00 2.00 X 0 0 0 BOB KOMASARA DIRECTOR 0.00 2.00 X 0 0 0 ERIC OVENDORF DIRECTOR 0.00 2.00 X 0 0 0 ALEJANDRO PARDINAS DIRECTOR 0.00 2.00 X 0 0 0 BRIAN PARSONS DIRECTOR 0.00 2.00 X 0 0 0 TONY RICHEY DIRECTOR 0.00 2.00 X 0 0 0 DOUG SMITH DIRECTOR 0.00 2.00 X 0 0 0 JENNY BLACKFORD PRESIDENT/SECRETARY 0.00 15.00 X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 900099 504520 504520 EDUCATION PROGRAMS 900099 181215 181215 STANDARD PROGRAM 900099 39352 39352 725087 10520 10520 735607 725087 0 10520 5000 274992 30855 17027 2984 8898 21480 132307 11338 DWBA INITIATIVES 75462 DUES & SUBSCRIPTIONS 35781 PRINTING & COPYING 24410 BANK SERVICE FEES 14673 12358 667565 442278 331004 27936 29027 50350 41063 254184 491611 774748 892705 67516 0 196907 287431 264423 287431 X 510325 605274 510325 605274 774748 892705 68042 26907 0 X X 0 1 X 1 0 0 1 0 0 X 762514 26907 26907 735607 0 735607 667565 0 667565 0 667565 PART X, LINE 2: IN 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. FORM 990, PART VI, SECTION A, LINE 3 ABMA 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 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE 990 IS REVIEWED AND APPROVED BY THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE 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 19 FORM 990 IS AVAILABLE UPON REQUEST AND ALSO THROUGH THE WEBSITE WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEARS.