2011-08-12T09:14:02-05:00 2010-12-31 HERTZBACH & COMPANY PA 800 RED BROOK BOULEVARD SUITE 300 OWINGS MILLS MD 21117 990 2010-01-01 530258001 AMERICAN MACHINE TOOL DISTRIBUTORS' ASSOCIATION AMER 3017381200 7361 CALHOUN PLACE NO 320 ROCKVILLE MD 20855 PETER BORDEN 3017381200 2011-08-09 1 RICHARD L WOLF 4103633200 2010 2016-02-24 21:20:13Z PETER A BORDEN 7361 CALHOUN PL 320 ROCKVILLE MD 20855 3457081 0 X WWW.AMTDA.ORG X 1969 DC PROMOTE AND PROTECT THE INTEREST OF MACHINE TOOL DISTRIBUTORS. 19 19 12 19 63830 -831 0 0 725436 1319084 25959 13756 199 64070 751594 1396910 0 0 0 0 488396 852052 0 0 0 382678 898951 871074 1751003 -119480 -354093 2367351 2132858 318986 387876 2048365 1744982 PROMOTE AND PROTECT THE INTEREST OF MACHING TOOL DISTRIBUTORS 0 0 THE ASSOCIATION'S EVENTS INCLUDE THE ANNUAL MEETING, REGIONAL MEETINGS (6 WERE HELD THIS YEAR), AN ANNUAL FORECAST MEETING, THE APEX MACHINE TOOLS SHOWS, AND BUSINESS WEBINARS. ALL OF THESE EVENTS OFFER MEMBER COMPANIES VARIOUS PLATFORMS AND FORMATS TO LEARN ABOUT SPECIFIC TOPICS THAT IMPACT THEIR BUSINESSES AND IMPROVE THEIR SALES, SERVICE, AND PROFITABILITY. SPEAKERS OFFER SOLUTIONS TO AID MEMBERS WITH CONTROLLING COSTS, IMPROVING EFFICIENCIES, AND THE ASSOCIATION'S EVENTS OFFER THEM THE ABILITY TO NETWORK AND MEET IMPORTANT PEOPLE IN THE MACHINE TOOL AND MANUFACTURING INDUSTRIES. TOTAL PARTICIPANTS AT THE ASSOCIATION'S EVENTS DURING 2010 WERE 300 PLUS TOTAL PARTICIPANTS AT THE ASSOCIATION'S PARTNERED EVENTS WERE 10,000. THE ASSOCIATION'S MEMBERSHIP ACTIVITIES CONSIST OF RECRUITING NEW MEMBERS AND RETAINING CURRENT ONES. WE CREATED NEW MEMBERSHIP INFORMATION PACKETS AND SENT THEM TO OVER 300 COMPANIES. MEMBERSHIP NUMBERS FOR 2010 WERE 134 DISTRIBUTORS AND 129 MARKETING ASSOCIATES. THE ASSOCIATION'S EDUCATION EXPENSES INCLUDE PROGRAMS FOR CERTIFICATION, RECERTIFICATION, THE ASSOCIATION'S U-AN ONLINE COURSE OFFERING, THE MONTHLY TOOL TALK NEWSLETTER, THE MONITOR (A COMPILED NEWS SOURCE FOR MANUFACTURING INFORMATION), AND THE EEMT TECHNICAL TRAINING PROGRAM. MEMBERS SALES SKILLS AND INDUSTRY KNOWLEDGE ARE IMPROVED TO PROVIDE THEIR CUSTOMERS WITH BETTER SOLUTIONS TO THEIR PROBLEMS. OVER 420 CERTIFIED SALES PEOPLE ARE SELLING THROUGHOUT THE UNITED STATES AND NORTH AMERICA. THE NEWSLETTER AND THE MONITOR ARE SENT TO OVER 2,000 SUBSCRIBERS EACH MONTH. TOTAL PARTICIPANTS AT SEMINARS WERE 100 FOR 2010. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 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 1 19 0 1 12 1 1 1 0 0 0 0 0 X 19 19 0 0 0 0 1 1 0 1 1 0 0 1 0 0 1 1 0 0 X THE ORGANIZATION 3017381200 7361 CALHOUN PLACE NO 320 ROCKVILLE MD 20855 VAN CROTTS 1.00 X X 0 0 0 STEVE M WHERRY 1.00 X X 0 0 0 KEVIN KILGALLEN 1.00 X X 0 0 0 RONALD MAGER 1.00 X X 0 0 0 CLARK SMITH 1.00 X 0 0 0 FERNANDO GARCIA 1.00 X 0 0 0 JAMES HANSEN II 1.00 X 0 0 0 RONALD KARAISZ II 1.00 X 0 0 0 FRANK KIRBUS 1.00 X 0 0 0 GREG BUCK 1.00 X 0 0 0 WILLIAM MEO JR 1.00 X 0 0 0 M WILLIAM FARRIS 1.00 X 0 0 0 GARY LOWERY 1.00 X 0 0 0 TED REDLING 1.00 X 0 0 0 DENNIS LEONARD 1.00 X 0 0 0 BROOKE SYKES JR 1.00 X 0 0 0 THOMAS DILLON 1.00 X 0 0 0 PETER ADDY 1.00 X 0 0 0 BRADLEY MORRIS 1.00 X 0 0 0 PETER A BORDEN 40.00 X 208639 0 5448 BILL HERMAN 40.00 X 108065 0 5448 316704 0 10896 2 0 1 0 DISNEY DESTINATIONS 1375 BUENA VISTA DRIVE 4TH FLOOR N LAKE BUENA VISTA FL 32830 ANNUAL MEETING SERVICES 156282 SUNTRUST BANK 303 PEACHTREE STREET NE ATLANTA GA 30281 LINE OF CREDIT 149587 2 TRADE SHOWS & EVENTS 541900 699008 699008 MEMBERSHIP DUES 541900 458968 458968 EDUCATION & COMMUNICAT 611600 95289 95289 INDUSTRY RELATIONS 541900 52016 52016 13803 13803 1319084 67575 67575 109 109 2006352 2060171 -53819 -53819 -53819 ADVERTISING 541800 63830 63830 MISCELLANEOUS 541900 131 131 63961 1396910 1319084 63830 13996 327600 414365 2887 53600 53600 27285 13514 20161 115398 75 14778 80768 157723 22158 24051 14367 TRADE SHOWS 585975 MEMBERSHIP DUES 242650 EDUCATION & COMMUNICATI 152415 INDUSTRY RELATIONS 57622 MEMBERSHIP SERVICES 48153 -678142 1751003 77204 67386 280161 283181 103352 98278 22012 18621 265567 201722 81822 63845 1791978 1592984 10822 8563 2367351 2132858 72781 68965 36333 13899 200000 299402 9872 5610 318986 387876 X 2048365 1744982 2048365 1744982 2367351 2132858 X -354093 50710 X X 0 1 1 X 0 0 1 0 36411 19492 16919 229156 182230 46926 63845 CAPITAL LEASE OBLIGATION 5610 5610 1396910 1751003 -354093 103911 -53201 50710 -303383 1500822 103911 103911 1396911 0 1396911 1804204 53201 53201 1751003 0 1751003 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: EFFECTIVE MAY 1, 2009, THE ASSOCIATION HAS ADOPTED ASC 740,INCOME TAXES (FORMERLY FIN 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES), WHICH CLARIFIED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ASSOCIATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ASSOCIATION'S POLICY IS TO RECORD INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST OR PENALTIES HAVE BEEN RECORDED AS A RESULT OF TAX UNCERTAINTIES. AS OF DECEMBER 31, 2010, THE ASSOCIATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS UNDER SFAS NO. 5. X X X 0 0 0 PETER A BORDEN 199639 0 0 0 9000 0 0 0 5448 0 214087 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ASSOCIATION ARE CLASSIFIED INTO ONE OF FOUR GROUPS OF MEMBERSHIP. ONLY MEMBERS CLASSIFIED AS A DISTRIBUTOR MEMBER HAVE A RIGHT TO VOTE ON ASSOCIATION MATTERS. THE RIGHT TO VOTE OF A DISTRIBUTOR MEMBER IS LIMITED TO THE ELECTION OF THE INDIVIDUALS THAT COMPRISE THE ASSOCIATION'S BOARD OF DIRECTORS OR OTHER OFFICERS. FORM 990, PART VI, SECTION A, LINE 7A EACH DISTRIBUTOR MEMBER IS ENTITLED TO ONE VOTE IN THE ELECTION OF THE ASSOCIATION'S BOARD OF DIRECTORS OR OFFICERS. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 IS DISTRIBUTED TO THE AUDIT COMMITTEE FOR REVIEW PRIOR TO BEING SUBMITTED TO THE IRS. THE FINAL FORM 990 IS DISTRIBUTED TO EACH BOARD MEMBER PRIOR TO BEING FILED WITH THE IRS. THE DRAFT AND FINAL FORM 990 MAY BE DISTRIBUTED IN PERSON, BY REGULAR MAIL, EMAIL, OR FAX. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS USES SIMILAR NON-PROFIT ENTITIES' OFFICER COMPENSATION IN ORDER TO DEVELOP THE PRESIDENT'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 103,911. PRIOR PERIOD ADJUSTMENTS: -53,201. TOTAL TO FORM 990, PART XI, LINE 5: 50,710. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.