Form 990 for tax year 2023
Filed by NATIONAL ELECTRICAL MANUFACTURERS ASSOCIATION.
Totals
- Total revenue
- $24,426,053
- Total expenses
- $25,833,428
- Contributions and grants received
- $0
- Grants paid
- $156,495
- Program service revenue
- $22,209,576
- Investment income
- $327,352
- Other revenue
- $1,889,125
- Total assets, end of year
- $24,015,460
- Total liabilities, end of year
- $13,829,428
- Net assets or fund balances, end of year
- $10,186,032
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MEMBERSHIP DUES
total $16,798,197 · related or exempt $16,798,197
-
2b · Program service revenue: SPECIAL ASSESSMENTS
total $3,750,628 · related or exempt $3,750,628
-
2c · Program service revenue: MEETING REGISTRATIONS
total $590,075 · related or exempt $590,075
-
2d · Program service revenue: COUNCIL FEES
total $435,710 · related or exempt $435,710
-
2e · Program service revenue: MANAGEMENT SERVICES
total $376,268 · related or exempt $376,268
-
2f · All other program service revenue
total $258,698 · related or exempt $258,698
-
3 · Investment income
total $297,002 · excluded $297,002
-
5 · Royalties
total $1,781,992 · excluded $1,781,992
-
6a · Gross rents
real property $39,490
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $39,490
-
6d · Net rental income or loss
total $39,490 · excluded $39,490
-
7a · Gross sales of assets other than inventory
securities $5,874,128
-
7b · Less cost or other basis and sales expenses
securities $5,778,969 · other assets $64,809
-
7c · Gain or loss
securities $95,159 · other assets -$64,809
-
7d · Net gain or loss
total $30,350 · excluded $30,350
-
11a · Other revenue: MISCELLANEOUS INCOME
total $64,192 · excluded $64,192
-
11b · Other revenue: ADVERTISING INCOME
total $3,451 · unrelated business $3,451
-
11e · Other revenue, total
$67,643
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $156,495
-
5 · Compensation of officers, directors and key employees
total $4,164,732
-
7 · Other salaries and wages
total $8,116,576
-
8 · Pension plan contributions
total $725,995
-
9 · Other employee benefits
total $893,890
-
10 · Payroll taxes
total $745,346
-
11b · Fees: legal
total $52,425
-
11c · Fees: accounting
total $38,509
-
11f · Fees: investment management
total $36,398
-
11g · Fees: other
total $5,794,295
-
12 · Advertising and promotion
total $19,079
-
13 · Office expenses
total $81,850
-
14 · Information technology
total $349,007
-
16 · Occupancy
total $1,567,169
-
17 · Travel
total $679,066
-
19 · Conferences, conventions and meetings
total $1,100,759
-
22 · Depreciation, depletion and amortization
total $349,571
-
23 · Insurance
total $131,511
-
24a · Other expenses: MEMBERSHIPS AND CONTRAC
total $607,100
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $169,889
-
24c · Other expenses: BANK FEES
total $31,248
-
24d · Other expenses: TAXES
total $22,518
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,776,933 · end of year $3,005,312
-
4 · Accounts receivable
beginning of year $874,203 · end of year $1,618,800
-
9 · Prepaid expenses and deferred charges
beginning of year $77,887 · end of year $204,049
-
10a · Land, buildings and equipment: cost or other basis
$4,925,316
-
10b · Land, buildings and equipment: accumulated depreciation
$3,681,877
-
10c · Land, buildings and equipment, net
beginning of year $1,508,815 · end of year $1,243,439
-
11 · Investments: publicly traded securities
beginning of year $5,368,803 · end of year $9,205,672
-
12 · Investments: other securities
beginning of year $5,904,597 · end of year $3,706,003
-
15 · Other assets
beginning of year $7,046,737 · end of year $5,032,185
-
17 · Accounts payable and accrued expenses
beginning of year $2,087,513 · end of year $1,571,585
-
19 · Deferred revenue
beginning of year $3,724,648 · end of year $5,723,311
-
25 · Other liabilities
beginning of year $8,017,557 · end of year $6,534,532
-
27 · Net assets without donor restrictions
beginning of year $9,728,257 · end of year $10,186,032
Mission and programs · 2023
Mission
NEMA REPRESENTS APPROXIMATELY 240 U.S. MANUFACTURERS OF ELECTRICAL AND MEDICAL IMAGING, AND RADIOPHARMACEUTICAL PRODUCTS. ITS MEMBERS REPRESENT ELECTRICAL INDUSTRIES COMPRISING OVER 50 PRODUCT SEGMENTS. (CONTINUED ON SCHEDULE O)NEMA'S ACTIVITIES ENCOMPASS DEVELOPMENTS WITHIN THE SMART GRID, ENERGY STORAGE, INDUSTRIAL ENERGY EFFICIENCY, AND HIGH-PERFORMANCE BUILDINGS AREAS. NEMA PROMOTES COMPETITIVENESS IN DOMESTIC AND FOREIGN MARKETS BY: (1) DEVELOPING AND HARMONIZING INDUSTRY STANDARDS AND CONFORMITY ASSESSMENT REGIMES; (2) SHAPING KEY LEGISLATION AND REGULATIONS; (3)PROVIDING EXCLUSIVE MARKET INTELLIGENCE TO MEMBER COMPANIES; AND (4) ENABLING NETWORKING ON INDUSTRY-WIDE ISSUES. MEMBER COMPANIES EMPLOY MORE THAN 800,000 WORKERS IN MORE THAN 7,000 MANUFACTURING FACILITIES IN THE U.S. AND PRODUCE MORE THAN $100 BILLION IN TOTAL SHIPMENTS. NEMA SUPPORTS INTERNATIONAL TRADE AND TECHNOLOGY AGREEMENTS.
Activities or mission (Part I)
TO IMPROVE THE STATE OF ELECTRICAL MANUFACTURING IN THE U.S.
-
PRODUCT OPERATIONS: SERVES APPROXIMATELY 240 MEMBER COMPANIES, EACH OF WHICH MANUFACTURE ONE OR MORE PRODUCTS WITHIN THE ASSOCIATION'S PRODUCT SCOPE AREAS (OVER 50 DIFFERENT CATEGORIES). ACTIVITIES INCLUDE DEVELOPMENT AND PROMOTION OF VOLUNTARY PRODUCT STANDARDS, SURVEYS AND REPORTS, EDUCATIONAL PROGRAMS, SEMINARS, INTERNATIONAL TRADE MATTERS, AND PRODUCT SAFETY.
-
ENGINEERING AND STANDARDS: PROVIDES TECHNICAL COORDINATION AND GUIDELINES TO ASSOCIATION MEMBERS ON STANDARDS, LEGISLATION AND REGULATIONS. DEVELOPS AND PUBLISHES NEMA STANDARDS. ENSURES PROPOSED STANDARDS DO NOT CONFLICT WITH EXISTING NATIONAL AND INFORMATIONAL STANDARDS. CONDUCTS ENGINEERING FIELD PROGRAMS TO PROVIDE FEEDBACK TO MEMBERS ON STATE AND LOCAL BUILDING AND ELECTRICAL CODE ISSUES.
-
STATISTICAL AND INDUSTRY ANALYTICAL SERVICES: GATHERS, COMPILES, ANALYZES, AND DISSEMINATES STATISTICAL DATA ABOUT ELECTRICAL PRODUCTS, MEDICAL IMAGING, AND RADIOPHARMACEUTICAL INDUSTRIES.
-
GOVERNMENT RELATIONS: PROVIDES ISSUE ANALYSIS AND ADVOCACY ON BEHALF OF THE ASSOCIATION AND ITS PRODUCT SECTIONS ON LEGISLATIVE AND REGULATORY TOPICS THAT IMPACT ELECTRICAL EQUIPMENT AND MEDICAL IMAGING MARKETS. LEGISLATIVE AND REGULATORY ACTIVITY OCCURS AT FEDERAL, STATE, AND LOCAL LEVELS. TOPICS INCLUDE ENERGY, ENVIRONMENT, HEALTH AND SAFETY, TRADE, TRANSPORTATION, AND COMMERCIAL AFFAIRS.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Anthony AllardANTHONY ALLARD
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Gerben W BakkerGERBEN W BAKKER
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Tricia BreegerTRICIA BREEGER
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom DeitrichTOM DEITRICH
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Gabriel Garza HerreraGABRIEL GARZA HERRERA
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg GormanGREG GORMAN
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan HakkarainenSUSAN HAKKARAINEN
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Jay HillJAY HILL
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel L JonesDANIEL L JONES
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Frank KulaszewiczFRANK KULASZEWICZ
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Daryoush LarizadehDARYOUSH LARIZADEH
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Rob McIlroyROB MCILROY
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan MulliganBRYAN MULLIGAN
GOVERNOR AS OF 07/2023
- Total calculated
- $0
- Hours/week
- 1
-
Jack NehligJACK NEHLIG
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Sue OzdemirSUE OZDEMIR
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Trevor PalmerTREVOR PALMER
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Louis PinkhamLOUIS PINKHAM
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael A PlasterMICHAEL A PLASTER
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Barry PowellBARRY POWELL
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin A PoyckKEVIN A POYCK
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
John P SelldorffJOHN P SELLDORFF
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Anders SjoelinANDERS SJOELIN
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Rick SporrerRICK SPORRER
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy SterioKATHY STERIO
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill WaltzBILL WALTZ
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike YeltonMIKE YELTON
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Debra PhillipsDEBRA PHILLIPS
PRESIDENT & CEO
- Total calculated
- $1,263,981
- From this org
- $1,063,235
- From related orgs
- $0
- Other
- $200,746
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $727,110
- Bonus
- $321,750
- Other
- $14,375
- Deferred
- $175,550
- Nontaxable benefits
- $25,196
- Filer's total
- $1,263,981
-
Michael PfeifferMICHAEL PFEIFFER
CHIEF FINANCIAL OFFICER
- Total calculated
- $345,804
- From this org
- $310,471
- From related orgs
- $0
- Other
- $35,333
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $229,471
- Bonus
- $81,000
- Other
- $0
- Deferred
- $14,416
- Nontaxable benefits
- $20,917
- Filer's total
- $345,804
-
Sonia VahedianSONIA VAHEDIAN
COO UNTIL 05/2023
- Total calculated
- $252,566
- From this org
- $240,389
- From related orgs
- $0
- Other
- $12,177
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $135,022
- Bonus
- $0
- Other
- $105,367
- Deferred
- $7,216
- Nontaxable benefits
- $4,961
- Filer's total
- $252,566
-
Peter TolsdorfPETER TOLSDORF
SECRETARY/GEN. COUNSEL UNTIL 08/2023
- Total calculated
- $237,058
- From this org
- $202,382
- From related orgs
- $0
- Other
- $34,676
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $186,977
- Bonus
- $0
- Other
- $15,405
- Deferred
- $17,679
- Nontaxable benefits
- $16,997
- Filer's total
- $237,058
-
Richard A StinsonRICHARD A STINSON
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Annette Kay ClaytonANNETTE KAY CLAYTON
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Beth WozniakBETH WOZNIAK
VICE CHAIR & TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Spencer PedersonSPENCER PEDERSON
SVP, GOVERNMENT AFFAIRS
- Total calculated
- $528,819
- From this org
- $465,816
- From related orgs
- $0
- Other
- $63,003
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $357,816
- Bonus
- $108,000
- Other
- $0
- Deferred
- $36,217
- Nontaxable benefits
- $26,786
- Filer's total
- $528,819
-
Donald R LeavensDONALD R LEAVENS
SVP & CHIEF ECONOMIST
- Total calculated
- $480,211
- From this org
- $424,447
- From related orgs
- $0
- Other
- $55,764
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $274,989
- Bonus
- $75,000
- Other
- $74,458
- Deferred
- $47,392
- Nontaxable benefits
- $8,372
- Filer's total
- $480,211
-
Patrick E HughesPATRICK E HUGHES
SVP, TECH AND INDUSTRY AFFAIRS
- Total calculated
- $424,414
- From this org
- $333,418
- From related orgs
- $0
- Other
- $90,996
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $287,418
- Bonus
- $46,000
- Other
- $0
- Deferred
- $64,210
- Nontaxable benefits
- $26,786
- Filer's total
- $424,414
-
Patrick HopePATRICK HOPE
EXECUTIVE DIR., MITA UNTIL 11/2023
- Total calculated
- $316,122
- From this org
- $291,081
- From related orgs
- $0
- Other
- $25,041
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $240,128
- Bonus
- $0
- Other
- $50,953
- Deferred
- $22,879
- Nontaxable benefits
- $2,162
- Filer's total
- $316,122
-
Sean SullivanSEAN SULLIVAN
CHIEF HUMAN RESOURCES OFFICER
- Total calculated
- $315,757
- From this org
- $287,753
- From related orgs
- $0
- Other
- $28,004
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $220,753
- Bonus
- $67,000
- Other
- $0
- Deferred
- $13,206
- Nontaxable benefits
- $14,798
- Filer's total
- $315,757
-
Susan BunningSUSAN BUNNING
MANAGING DIRECTOR, PET
- Total calculated
- $247,069
- From this org
- $218,495
- From related orgs
- $0
- Other
- $28,574
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $202,027
- Bonus
- $16,468
- Other
- $0
- Deferred
- $12,228
- Nontaxable benefits
- $16,346
- Filer's total
- $247,069
-
Meghan HayesMEGHAN HAYES
VICE PRESIDENT, TECHNICAL SERVICES
- Total calculated
- $236,453
- From this org
- $198,143
- From related orgs
- $0
- Other
- $38,310
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $189,711
- Bonus
- $8,432
- Other
- $0
- Deferred
- $17,782
- Nontaxable benefits
- $20,528
- Filer's total
- $236,453
-
Steve GriffithSTEVE GRIFFITH
EXEC DIR., REG & IND AFFAIRS
- Total calculated
- $212,992
- From this org
- $193,576
- From related orgs
- $0
- Other
- $19,416
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $179,787
- Bonus
- $13,789
- Other
- $0
- Deferred
- $16,456
- Nontaxable benefits
- $2,960
- Filer's total
- $212,992
-
Ashley MusselmanASHLEY MUSSELMAN
MANAGING DIR, MSHP, MTGS & EVENTS
- Total calculated
- $210,172
- From this org
- $194,174
- From related orgs
- $0
- Other
- $15,998
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $176,499
- Bonus
- $17,675
- Other
- $0
- Deferred
- $14,297
- Nontaxable benefits
- $1,701
- Filer's total
- $210,172
-
Stephen GordonSTEPHEN GORDON
DIRECTOR, GOVERNMENT RELATIONS
- Total calculated
- $209,881
- From this org
- $187,331
- From related orgs
- $0
- Other
- $22,550
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $178,151
- Bonus
- $9,180
- Other
- $0
- Deferred
- $13,020
- Nontaxable benefits
- $9,530
- Filer's total
- $209,881
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINES 4A-B
- SONIA VAHEDIAN RECEIVED A PAYOUT IN 2023 BASED ON AN AGREEMENT BETWEEN NEMA AND MS. VAHEDIAN. SCHEDULE J, PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN A TOTAL OF $160,000 WAS CONTRIBUTED TOWARDS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLANS FOR DEBRA PHILLIPS AND PATRICK HUGHES.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NATIONAL ELECTRICAL MANUFACTURERS ASSOCIATION POLITICAL ACTION COMMITTEE
527 · POLITICAL CAMPAIGN CONTRIBUTIONS · VA · controlled entity
Directly controlled by NEMA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349305833
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