Civic Intelligence

Associated Equipment Distributors

990 • Fiscal year 2016 • EIN 36-2098486

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 05, 2017

650 E Algonquin Road Suite 305Schaumburg, IL 60173

(630) 574-0650

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.48x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

0.54x

Higher debt load relative to revenue than 75% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Net Margin

24th percentile

-2.1%

Higher net margin than 24% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

57th percentile

$297,252

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Asset Growth

32nd percentile

-0.6%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

76th percentile

9.8%

Faster revenue growth than 76% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,562,849

Up $810,447 (+17%) from 2014

Net Assets

Down

$2,913,320

Down $70,618 (-2.4%) from 2014

Liabilities

Up

$2,649,529

Up $881,065 (+50%) from 2014

Revenue

Up

$4,877,872

Up $392,928 (+8.8%) from 2014

Expenses

Up

$4,978,670

Up $784,542 (+19%) from 2014

Net Income

Down

-$100,798

Down $391,614 (-135%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2014: $4,752,402Liabilities 2014: $1,768,464Net Assets 2014: $2,983,9382014Assets 2016: $5,562,849Liabilities 2016: $2,649,529Net Assets 2016: $2,913,3202016Assets 2017: $6,598,711Liabilities 2017: $2,861,113Net Assets 2017: $3,737,5982017Assets 2019: $7,491,496Liabilities 2019: $3,001,363Net Assets 2019: $4,490,1332019Assets 2020: $7,981,431Liabilities 2020: $2,591,549Net Assets 2020: $5,389,8822020Assets 2021: $9,843,771Liabilities 2021: $3,721,781Net Assets 2021: $6,121,9902021Assets 2022: $10,821,764Liabilities 2022: $5,301,155Net Assets 2022: $5,520,6092022Assets 2024: $14,909,584Liabilities 2024: $6,464,533Net Assets 2024: $8,445,0512024

Highlighted filing

2016

Assets$5,562,849
Liabilities$2,649,529
Net Assets$2,913,320

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2014: $4,484,944Expenses 2014: $4,194,128Net Income 2014: $290,8162014Revenue 2016: $4,877,872Expenses 2016: $4,978,670Net Income 2016: -$100,7982016Revenue 2017: $4,877,373Expenses 2017: $4,598,086Net Income 2017: $279,2872017Revenue 2019: $5,415,992Expenses 2019: $5,185,629Net Income 2019: $230,3632019Revenue 2020: $5,030,038Expenses 2020: $4,524,246Net Income 2020: $505,7922020Revenue 2021: $5,029,161Expenses 2021: $4,890,382Net Income 2021: $138,7792021Revenue 2022: $6,804,764Expenses 2022: $6,338,108Net Income 2022: $466,6562022Revenue 2024: $8,217,901Expenses 2024: $7,390,740Net Income 2024: $827,1612024

Highlighted filing

2016

Revenue$4,877,872
Expenses$4,978,670
Net Income-$100,798
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 5, 2017
Return Version
2016v3.0
Gross Receipts
$5,459,478
Mission and Program Overview

Mission

Aed is an international trade association representing companies involved in the distribution, rental and support of equipment used in construction, mining, forestry, power generation, agriculture and industrial applications. We enhance the ongoing success and profitability of our member companies and related constituencies by creating and providing high quality products, services and information.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,866,106$3,901,680▲ $35,574
Cash and Non-Interest-Bearing Accounts$906,865$589,839▼ $317,026
Prepaid Expenses and Deferred Charges$323,726$473,766▲ $150,040
Accounts Receivable$319,791$370,164▲ $50,373
Land, Buildings, and Equipment, Net$71,103$156,734▲ $85,631
Savings and Temporary Cash Investments$84,621$52,729▼ $31,892
Total Assets$5,595,791$5,562,849▼ $32,942
Other Assets Total$23,579$17,937▼ $5,642
Liabilities
Deferred Revenue$2,216,778$2,272,851▲ $56,073
Accounts Payable and Accrued Expenses$323,156$376,678▲ $53,522
Mortgage Notes Payable Secured by Investment Property$250,000--
Total Liabilities$2,789,934$2,649,529▼ $140,405
Net Assets / Fund Balance
Unrestricted Net Assets$2,805,857$2,913,320▲ $107,463
Total Net Assets Fund Balance$2,805,857$2,913,320▲ $107,463
Total Liabilities and Net Assets / Fund Balance$5,595,791$5,562,849▼ $32,942

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$117,957$133,521$251,478
Leasehold Improvements$38,777$2,770$41,547
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian P McguirePresident &FT$297,252-$297,252
Brian P McguirePresident & CEO-$297,252-$297,252
Robert HendersonExec VP AedfFT$168,503$208,750$168,503
Jason BlakeSenior VP &FT$160,158-$160,158
Jon CruthersVP of SalesFT$160,158-$160,158

Board Members and Trustees

NameTitle
Wes StowersChairman
Dennis Vander MolenChairman Aed
Whit PerrymanPast Chairma
Diane BenckVice Chairma
Gayle HumphriesAt Large Director
James P CowinAt Large Director
James a NelsonAt Large Director
Kenneth E TaylorAt Large Director
Paul FarrellAt Large Director
Steve MeadowsAt Large Director
Brad StimmelRegional Director
John Riggs IvRegional Director
John ShearerRegional Director
Karen ZajickRegional Director
Matthew RolandRegional Director
Michael LalondeRegional Director
Todd HystadRegional Director
Jason BlakeSenior VP & CFO
Michael D BrennanSr Vice Pres
Craig DruryVice Preside
Ron BarletVice Preside
John C KimballVP of Financ

Highest Paid Contractors

ContractorServicesLocationCompensation
Obadal Filler Maccleod & Klein PlcAdvocacy117 NORTH HENRY STREET, Alexandria, VA 22314$752,716
Freeman Audio Visual SolutionsTechnology4545 WEST DAVIS STREET, Dallas, TX 75211$257,483
Alliance For Responsible Cuba PolicyConsulting201 NORTH FRANKLIN AVENUE STE 2760, Tampa, FL 33605$159,000
Keppler Associates INCAdvocacy3030 CLARENDON BLVD, Arlington, VA 22201$102,682
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,646,436
Investment Income
$60,879
Other Revenue
$170,557
Change in Net Assets
$-100,798
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,921,503
Salaries, Compensation, and Employee Benefits$1,057,167
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$1,238,266
Current Officers, Directors, Trustees, and Key Employees---$625,913
Advertising---$272,288
Travel---$271,541
Other Salaries and Wages---$249,516
All Other Expenses---$210,152
Office Expenses---$148,846
Occupancy---$89,802
Payroll Taxes---$74,835
Other Employee Benefits---$67,199
Other Expenses---$56,805
Fees for Services Other---$56,256
Depreciation Depletion---$45,898
Pension Plan Contributions---$39,704
Fees for Services Legal---$32,885
Fees for Service Investment Mgmnt Fees---$30,247
Fees for Services Accounting---$18,906
Insurance---$11,621
Interest---$7,307
Total Functional Expenses$0$0$0$4,978,670
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$179,720
Total Nondeductible Lobbying and Political Cost$-485,487
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The association has members that pay annual dues. The classes of membership are active, associate, allied, sustaining, associate organization, associate international and honorary.

Form 990, Page 6, Part VI, Line 7A

The association's members elect the governing board of directors.

Form 990, Page 6, Part VI, Line 11B

A draft copy of the completed form 990 is sent to each board member. The 990 will not be filed until the board has had sufficient time to complete their review and approve the 990.

Form 990, Page 6, Part VI, Line 12C

On an annual basis, the conflict of interest policy is distributed to all staff and board members with instructions to inform management of any interest that may give rise to a conflict.

Form 990, Page 6, Part VI, Line 15A

The executive committee reviews non-profit payroll data in determining the president's compensation.

Form 990, Page 6, Part VI, Line 15B

The executive committee reviews non-profit payroll data in determining the key employee compensation

Form 990, Page 6, Part VI, Line 19

Aed's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Associated Equipment Distributors
EIN
36-2098486
Phone
6305740650
Address
650 E ALGONQUIN ROAD SUITE 305, SCHAUMBURG, IL 60173

Signing Officer

Name
Jason Blake
Title
Senior VP & CFO
Phone
6305740650
Signed
2017-09-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian P Mcguire
Formed
1956
Legal Domicile
Il
Voting Board Members
22
Independent Board Members
22
Employees
19
Volunteers
22

Preparer

Firm
Kutchins Robbins & Diamond Ltd
Address
1101 PERIMETER DR STE 760, SCHAUMBURG, IL 60173
Preparer
Allen I Kutchins
Phone
8472401040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Aed is an international trade association representing companies involved in the distribution, rental and support of equipment used in construction, mining, forestry, power generation, agriculture and industrial applications. We enhance the ongoing success and profitability of our member companies and related constituencies by creating and providing high quality products, services and information.

Form 990, Page 2, Part III, Line 4D

The dues charged to member companies provide the major source of support that enables the organization to provide educational activities and business services for the members. The dues are charged to members according to their respective annual sales and are the main source of funds needed to continue operating the annual meeting, publish industry handbooks and special reports on current business issues.

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IRS990/Form990PartVIISectionAGrp/PersonNm13PAUL FARRELL
IRS990/Form990PartVIISectionAGrp/PersonNm14KAREN ZAJICK
IRS990/Form990PartVIISectionAGrp/PersonNm15JOHN RIGGS IV
IRS990/Form990PartVIISectionAGrp/PersonNm16TODD HYSTAD
IRS990/Form990PartVIISectionAGrp/PersonNm17JOHN SHEARER
IRS990/Form990PartVIISectionAGrp/PersonNm18MATTHEW ROLAND
IRS990/Form990PartVIISectionAGrp/PersonNm19BRAD STIMMEL
IRS990/Form990PartVIISectionAGrp/PersonNm20MICHAEL LALONDE
IRS990/Form990PartVIISectionAGrp/PersonNm21DENNIS VANDER MOLEN
IRS990/Form990PartVIISectionAGrp/PersonNm22ROBERT HENDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm23JON CRUTHERS
IRS990/Form990PartVIISectionAGrp/PersonNm24JASON BLAKE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt3SR VICE PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt5PAST CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP OF FINANC
IRS990/Form990PartVIISectionAGrp/TitleTxt8AT LARGE DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9AT LARGE DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10AT LARGE DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11AT LARGE DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12AT LARGE DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13AT LARGE DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14REGIONAL DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt15REGIONAL DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt16REGIONAL DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt17REGIONAL DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18REGIONAL DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt19REGIONAL DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt20REGIONAL DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHAIRMAN AED
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXEC VP AEDF
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP OF SALES
IRS990/Form990PartVIISectionAGrp/TitleTxt24SENIOR VP &
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IRS990/MissionDesc0AED IS AN INTERNATIONAL TRADE ASSOCIATION REPRESENTING COMPANIES INVOLVED IN THE DISTRIBUTION, RENTAL AND SUPPORT OF EQUIPMENT USED IN CONSTRUCTION, MINING, FORESTRY, POWER GENERATION, AGRICULTURE AND INDUSTRIAL APPLICATIONS. WE ENHANCE THE ONGOING SUCCESS AND PROFITABILITY OF OUR MEMBER COMPANIES AND RELATED CONSTITUENCIES BY CREATING AND PROVIDING HIGH QUALITY PRODUCTS, SERVICES AND INFORMATION.
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-15547
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IRS990/Organization501cInd0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt067199
IRS990/OtherExpensesGrp/Desc0WASHINGTON COUNSEL FEES
IRS990/OtherExpensesGrp/Desc1CED
IRS990/OtherExpensesGrp/Desc2FUTURE LEADERS
IRS990/OtherExpensesGrp/Desc3EXECUTIVE FORUM
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IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL MEETING
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2CED ADVERTISING/PUBLISHING
IRS990/ProgramServiceRevenueGrp/Desc3CED PUBLICATION
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE EXECUTIVE FORUM BRINGS TOGETHER THE EQUIPMENT INDUSTRY'S TOP EXECUTIVES AND EXPERTS TO DISCUSS TRENDS AND ISSUES THAT ARE SHAPING THE FUTURE OF EQUIPMENT DISTRIBUTION. THE FORUM PROVIDES PARTICIPATING EXECUTIVES WITH MANAGEMENT CONCEPTS DIRECTLY APPLICABLE TO THE SUCCESS OF THEIR BUSINESS, AN UNPARALLELED OPPORTUNITY TO DELVE INTO CHALLENGING ISSUES WITH INDUSTRY LEADERS, ACTIONABLE STRATEGIES FOR THE ISSUES THEY ARE FACING AND VALUABLE NETWORKING AND CONSULTATIVE OPPORTUNITIES WITH BOTH SPEAKERS AND FELLOW PARTICIPANTS.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ASSOCIATION PROVIDES A VARIETY OF PUBLISHED MATERIALS WHICH ARE AIMED AT HELPING MEMBER COMPANIES UNDERSTAND CONTEMPORARY MANAGEMENT ISSUES IN ORDER TO OPERATE THEIR BUSINESSES MORE EFFECTIVELY. OFTEN THE PUBLISHED SERVICES (MANUALS, WORKBOOKS, SPECIAL REPORTS, NEWSLETTERS, ETC.) ARE THE RESULTS OF SURVEYS OR DEDICATED RESEARCH ON MANAGEMENT ISSUES SUCH AS SALES, PRODUCT SUPPORT, SAFETY, ETC.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE DUES CHARGED TO MEMBER COMPANIES PROVIDE THE MAJOR SOURCE OF SUPPORT THAT ENABLES THE ORGANIZATION TO PROVIDE EDUCATIONAL ACTIVITIES AND BUSINESS SERVICES FOR THE MEMBERS. THE DUES ARE CHARGED TO MEMBERS ACCORDING TO THEIR RESPECTIVE ANNUAL SALES AND ARE THE MAIN SOURCE OF FUNDS NEEDED TO CONTINUE OPERATING THE ANNUAL MEETING, PUBLISH INDUSTRY HANDBOOKS AND SPECIAL REPORTS ON CURRENT BUSINESS ISSUES.
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IRS990/PYRevenuesLessExpensesAmt0-40658
IRS990/PYSalariesCompEmpBnftPaidAmt0945205
IRS990/PYTotalExpensesAmt04484913

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