2025-05-15T14:29:55-05:00 2024-12-31 541498950 RENNER AND COMPANY CPA PC 700 NORTH FAIRFAX STREET SUITE 400 ALEXANDRIA VA 22314 990 2024-01-01 541024108 AMERICAN BEARING MANUFACTURERS ASSOCIATION AMER 7038420030 1001 NORTH FAIRFAX STREET 500 ALEXANDRIA VA 22314 JENNIFER BLACKFORD PRESIDENT 7038380054 2025-05-14 1 1 ANDREW E YOUNG CPA P01203950 7035351200 2025-05-14 2024 2025-03-06 01:10:19Z JENNIFER BLACKFORD 1001 NORTH FAIRFAX STREET 500 ALEXANDRIA VA 22314 681970 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. 14 14 0 50 0 0 0 0 725087 628870 10520 53100 0 0 735607 681970 5000 0 0 0 0 0 0 0 0 662565 612965 667565 612965 68042 69005 892705 913392 287431 239113 605274 674279 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. 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 2024 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, IN 2024 ABMA LAUNCHED A NEW CLASS IN CONJUNCTION WITH THE AMERICAN GEAR MANUFACTURERS ASSOCIATION ON ELECTRIC VEHICLE INTEGRATION & TRADE OFFS. 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 2024, THE WBA HELD EDUCATIONAL SESSIONS FOR CUSTOMS OFFICIALS IN CHINA, THAILAND AND VIETNAM TO HELP IDENTIFY COUNTERFEIT BEARING PRODUCTS. IN THE FALL OF 2024, THE WBA HELD A GENERAL ASSEMBLY OF ITS MEMBERS HOSTED BY ABMA VIRTUALLY. 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 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 6 0 1 0 0 0 0 0 0 0 0 0 X 14 14 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 MATT FRADY CHAIRMAN 2.00 0.00 X X 0 0 0 EVELISE FARO VICE CHAIRMAN 2.00 0.00 X X 0 0 0 BRIAN PARSONS TREASURER 2.00 0.00 X X 0 0 0 CRAIG BOND DIRECTOR 2.00 0.00 X 0 0 0 GARY BOURQUE DIRECTOR 2.00 0.00 X 0 0 0 PETE EICH DIRECTOR 2.00 0.00 X 0 0 0 BOB KOMASARA DIRECTOR 2.00 0.00 X 0 0 0 STEVE LYNCH DIRECTOR 2.00 0.00 X 0 0 0 ERIC OVENDORF DIRECTOR 2.00 0.00 X 0 0 0 ALEJANDRO PARDINAS DIRECTOR 2.00 0.00 X 0 0 0 TONY RICHEY DIRECTOR 2.00 0.00 X 0 0 0 DOUG SMITH DIRECTOR 2.00 0.00 X 0 0 0 BEN WALLS DIRECTOR 2.00 0.00 X 0 0 0 ROB ZIEGLER DIRECTOR 2.00 0.00 X 0 0 0 JENNY BLACKFORD PRESIDENT 15.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 900099 396571 396571 EDUCATION PROGRAMS 900099 134954 134954 ASSESSMENTS 900099 56948 56948 PUBLICATIONS 900099 40397 40397 628870 53100 53100 681970 628870 0 53100 274992 63185 17313 5000 4114 10281 19002 111672 9036 WBA INITIATIVES 40011 DUES AND SUBSCRIPTIONS 38954 BANK FEES 9574 PRINTING & COPYING 9432 399 612965 331004 362945 29027 3403 41063 10292 491611 536752 892705 913392 25121 287431 213992 287431 239113 X 605274 674279 605274 674279 892705 913392 69005 0 X X 0 1 X 1 0 0 1 0 0 X 681970 0 681970 0 681970 612965 0 612965 0 612965 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, 2024, 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.