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← EDUCATIONAL AND RESEARCH FOUNDATION OF MEMA INC

Form 990 for tax year 2022

Filed by EDUCATIONAL AND RESEARCH FOUNDATION OF MEMA INC.

Totals

Total revenue
$6,304
Total expenses
$1,630
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$6,304
Other revenue
$0
Total assets, end of year
$270,773
Total liabilities, end of year
$249
Net assets or fund balances, end of year
$270,524
Program services expenses (Part IX)
$0
Management and general expenses
$1,630
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 3 · Investment income

    total $8,746 · excluded $8,746

  • 7a · Gross sales of assets other than inventory

    securities $72,778

  • 7b · Less cost or other basis and sales expenses

    securities $75,220

  • 7c · Gain or loss

    securities -$2,442

  • 7d · Net gain or loss

    total -$2,442 · excluded -$2,442

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $1,274 · management and general $1,274

  • 12 · Advertising and promotion

    total $356 · management and general $356

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,864 · end of year $14,509

  • 11 · Investments: publicly traded securities

    beginning of year $295,280 · end of year $256,264

  • 17 · Accounts payable and accrued expenses

    beginning of year $381 · end of year $249

  • 27 · Net assets without donor restrictions

    beginning of year $309,763 · end of year $270,524

Mission and programs · 2022

Mission

THE CORPORATION IS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES (WITHIN THE MEANING OF SECTION 501(C)(3) AND SECTION 170(C)(2) OF THE INTERNAL REVENUE CODE OF 1954), NAMELY, TO CARRY OUT THE PURELY CHARITABLE, SCIENTIFIC AND EDUCATIONAL ACTIVITIES OF THE MOTOR AND EQUIPMENT MANUFACTURERS ASSOCIATION ("MEMA"). IN PARTICULAR, THE PURPOSES OF THE CORPORATION ARE TO (I) CONDUCT, FINANCE AND PROMOTE RESEARCH AND STUDIES CONCERNING THE AUTOMOTIVE, TRUCK AND OTHER VEHICULAR INDUSTRIES AND DISSEMINATE FINDINGS RESULTING THEREFROM, (II) CONDUCT, FINANCE AND PROMOTE SEMINARS, CONFERENCES AND OTHER EDUCATIONAL PROGRAMS RELATING TO THE AUTOMOTIVE, TRUCK AND OTHER VEHICULAR INDUSTRIES, (III) PRODUCE, PUBLISH AND DISSEMINATE EDUCATIONAL MATERIAL THROUGH PRINTED, AUDIO, VISUAL AND ALL OTHER MEDIA NOW IN EXISTENCE OR HEREAFTER DEVELOPED, AND (IV) ENGAGE IN ALL OTHER CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES PERMITTED BY LAW.

Activities or mission (Part I)

SUPPORTING ORGANIZATION OF MOTOR AND EQUIPMENT MANUFACTURERS ASSOCIATION ("MEMA")

  • THE FOUNDATION IS A SUPPORTING ORGANIZATION OF MOTOR AND EQUIPMENT MANUFACTURERS ASSOCIATION ("MEMA").

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tom Ward

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Mike Mansuetti

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kurk Wilks

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Bill Long

    DIRECTOR

    Total calculated
    $761,088
    From this org
    $0
    From related orgs
    $705,237
    Other
    $55,851
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $528,292 related
    Bonus
    $0 + $160,440 related
    Other
    $0 + $16,505 related
    Deferred
    $0 + $18,291 related
    Nontaxable benefits
    $0 + $37,560 related
    Filer's total
    $0 + $761,088 related

  • Mike Blawas

    DIRECTOR

    Total calculated
    $197,394
    From this org
    $0
    From related orgs
    $175,841
    Other
    $21,553
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,038 related
    Bonus
    $0
    Other
    $0 + $1,803 related
    Deferred
    $0 + $7,212 related
    Nontaxable benefits
    $0 + $14,341 related
    Filer's total
    $0 + $197,394 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202343189349302449

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