2012-11-14T14:17:04-06:00 2011-12-31 521711839 COUNCILOR BUCHANAN & MITCHELL PC 7910 WOODMONT AVENUE SUITE 500 BETHESDA MD 20814 990 2011-01-01 541024108 AMERICAN BEARING MANUFACTURERS ASSOCIATION AMER 2023671155 2025 M STREET NW NO 800 WASHINGTON DC 20036 SCOTT LYNCH 2023671155 2012-11-13 1 DANIEL L WEAVER P01249346 3019860600 2011 2016-02-24 21:20:13Z SCOTT LYNCH 2025 M STREET NW NO 800 WASHINGTON DC 20036 1395298 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. 17 17 0 300 0 0 0 0 716486 790728 9242 6474 531 0 726259 797202 0 0 0 0 0 0 0 0 0 769814 763366 769814 763366 -43555 33836 845637 943550 130580 195004 715057 748546 TO PROVIDE LEADERSHIP, ADVOCACY AND EDUCATION WITH A FOCUS ON MEMBERSHIP VALUE, INDUSTRY OUTREACH AND ISSUES IMPACTING THE GLOBAL BEARING INDUSTRY. 0 0 MEETINGS - OPPORTUNITY FOR MEMBERS TO GATHER AND DISCUSS NEW DEVELOPMENTS IN THE INDUSTRY AND SHARE IDEAS FOR IMPROVEMENTS. INDUSTRIAL RELATIONS TO IMPROVE RELATIONS WITH LARGE INDUSTRIES THAT UTILIZE BEARINGS ON A REGULAR BASIS. 0 0 0 0 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 0 1 7 0 0 0 0 0 0 0 0 X 17 17 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X SMITHBUCKLIN 2023671150 2025 M STREET NW WASHINGTON DC 20036 X JEFF MANZAGOL 5.00 X X 0 0 0 PETE EICH 5.00 X X 0 0 0 GARY YOMANTAS 5.00 X X 0 0 0 DAN NEBESIO 5.00 X X 0 0 0 CRAIG BOND 5.00 X 0 0 0 TOM GERBER 5.00 X 0 0 0 JOHN BREWER 5.00 X 0 0 0 BRUCE WARMBOLD 5.00 X 0 0 0 OLLIE MARTINS 5.00 X 0 0 0 BOB NEMECEK 5.00 X 0 0 0 PAUL BEARGIE 5.00 X 0 0 0 BRIAN LINDSAY 5.00 X 0 0 0 JIM PORTER 5.00 X 0 0 0 MIKE PRACHAR 5.00 X 0 0 0 MIKE ARNOLD 5.00 X 0 0 0 POUL JEPPESEN 5.00 X 0 0 0 LAWRENCE SUCCOP 5.00 X 0 0 0 SCOTT LYNCH 40.00 X 0 0 0 0 0 0 0 0 0 0 SMITHBUCKLIN CORPORATION 2025 M STREET NW SUITE 800 WASHINGTON DC 20036 MANAGEMENT SERVICES 418791 1 MEMBERSHIP DUES 900099 624547 624547 EDUCATION PROGRAM 900099 106999 106999 STANDARDS PROGRAM 900099 42182 42182 MEETINGS 900099 17000 17000 790728 6474 6474 598096 598096 0 0 797202 790728 0 6474 263088 15161 33985 15456 25627 44651 5859 EDUCATIONAL PROGRAMS 138774 WBA 83371 DUES AND SUBSCRIPTIONS 47992 STATISTICS PROGRAM 46999 42403 763366 65021 198063 731142 705263 26109 13093 13717 17345 9648 9786 845637 943550 24770 14966 105810 180038 130580 195004 X 715057 748546 715057 748546 845637 943550 X 33836 -347 X X 0 1 0 X 0 0 797202 763366 33836 -347 -347 33489 796855 -347 -347 797202 0 797202 763366 0 763366 0 763366 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, ABMA MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF ABMA AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEARS 2011 AND 2010. ABMA'S POLICY WOULD BE TO RECOGNIZE INTEREST AND PENALTIES, IF ANY, ON TAX POSITIONS RELATED TO ITS UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES WERE ASSESSED OR RECORDED DURING 2011 AND 2010. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS CONTRACTED SMITHBUCKLIN CORPORATION TO PERFORM ALL MANAGEMENT FUNCTIONS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP INCLUDES EVERY BONA FIDE PERSON, FIRM, CORPORATION (OR ONE OR MORE CORPORATE DIVISIONS OR SUBSIDIARIES CARRYING ON BUSINESS IN THE DIVISION OR SUBSIDIARY NAME), A SUBSTANTIAL PART OF WHOSE BUSINESS IS THE MANUFACTURE BY IT IN THE UNITED STATES OF BEARINGS, OR MAJOR COMPONENTS OF BEARINGS, WHO SHALL SUBSCRIBE TO THE PURPOSES OF THIS CORPORATION AND SHALL PAY AN INITIATION FEE OF ONE THOUSAND DOLLARS ($1,000) UPON NOTIFICATION OF APPROVAL OF THE APPLICATION, SHALL BE ELIGIBLE TO MEMBERSHIP THEREIN, WITH FULL RIGHTS AND OBLIGATIONS AS HEREIN PROVIDED. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD SHALL CONSIST OF NOT LESS THAN FIFTEEN NOR MORE THAN EIGHTEEN DIRECTORS. THEY SHALL BE DIVIDED INTO THREE GROUPS, EACH GROUP TO CONSIST OF FIVE OR SIX DIRECTORS WHOSE TERMS OF OFFICE EXPIRE THE SAME YEAR. AT EACH ANNUAL MEETING THE SUCCESSORS TO THE DIRECTORS WHOSE TERMS SHALL EXPIRE THAT YEAR SHALL BE ELECTED FOR A TERM OF THREE YEARS. DIRECTORS SHALL BE ELECTED FROM A LIST OF NOMINEES REPORTED BY THE NOMINATING COMMITTEE AND OF ANY INDIVIDUALS WHO MAY BE NOMINATED FROM THE FLOOR. FORM 990, PART VI, SECTION B, LINE 11 THE CLIENT MANAGER PERFORMS AN INITIAL REVIEW AND THE EXECUTIVE DIRECTOR DOES A FINAL REVIEW. 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. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -347. FORM 990, PART XII, LINE 2C THERE WAS NO CHANGE IN EITHER OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.