2024-09-19T07:07:45-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2023-01-01 311796607 ASSOCIATION OF EQUIPMENT MANUFACTURERS ASSO 4142720943 6737 WEST WASHINGTON STREET 2400 MILWAUKEE WI 532145647 KATHY BARKE CHIEF FINANCIAL OFFICER 4142720943 2024-09-18 1 1 TROY MARINE CPA P00187863 4147775500 2024-09-12 2023 2024-08-08 14:25:15Z KATHY BARKE 6737 WEST WASHINGTON STREET 2400 MILWAUKEE WI 532145647 87829202 0 X WWW.AEM.ORG X 2001 IL TO PROMOTE AND PROTECT THE BEST INTERESTS OF MEMBER EQUIPMENT MANUFACTURERS AND THE PUBLIC, AND TO PROMOTE THE ASSOCIATION'S EDUCATIONAL EXHIBITS AT WHICH THE PRODUCTS OF ITS MEMBERS MAY BE DISPLAYED. 21 21 126 200 0 0 100000 0 35029945 85587209 667118 1660582 0 0 35797063 87247791 0 0 0 0 17748091 18184448 0 0 0 18484339 51213786 36232430 69398234 -435367 17849557 101439103 80262758 86270577 43697574 15168526 36565184 TO BE THE LEADING ORGANIZATION IN NORTH AMERICA ENABLING EQUIPMENT MANUFACTURERS TO BE SUCCESSFUL IN THE GLOBAL MARKET PLACE. 0 0 24821311 14730538 MEMBER SERVICES INCLUDING EDUCATIONAL RESOURCES, PUBLIC PROMOTION, STATISTICS PROCESSING AND OTHER TRADE ASSOCIATION SERVICES ON A GLOBAL BASIS FOR COMPANIES THAT MANUFACTURE EQUIPMENT AND PROVIDE PRODUCTS AND SERVICES USED WORLDWIDE IN THE CONSTRUCTION, AGRICULTURE, MINING, FORESTRY, MATERIALS-HANDLING AND UTILITY INDUSTRY. 46025322 68772146 CONDUCT EXPOSITIONS FOR MEMBERS AROUND THE GLOBE TO PROMOTE THE CONTINUED EXPANSION AND SUCCESS OF THE EQUIPMENT MANUFACTURING INDUSTRY. 2084525 CONDUCT ASSOCIATION INITIATIVES TO IMPROVE THE SAFETY OF THE INDUSTRY AND FOSTER DEVELOPMENT AND GROWTH. 70846633 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 137 0 1 126 1 0 1 CH CI 0 0 0 0 0 0 X 21 21 0 0 0 0 1 0 1 1 1 0 0 0 1 0 0 1 1 1 1 1 1 IL X KATHY BARKE 4142984141 6737 WEST WASHINGTON STREET SUITE MILWAUKEE WI 53214 ROD SCHRADER DIRECTOR - CHAIR 1.00 X X 0 0 0 STEPHEN ROY DIRECTOR - CE CHAIR 1.00 X X 0 0 0 BILL HURLEY DIRECTOR - AG CHAIR 1.00 X X 0 0 0 TODD H STUCKE DIRECTOR - VICE CHAIR 1.00 X X 0 0 0 LINDA HASENFRATZ DIRECTOR - TREASURER 1.00 X X 0 0 0 AUSTIN RAMIREZ DIRECTOR 1.00 X 0 0 0 DAVID C GILMORE DIRECTOR 1.00 X 0 0 0 GRANT D GODBERSEN DIRECTOR 1.00 X 0 0 0 GREG PETRAS DIRECTOR 1.00 X 0 0 0 JASON M ANDRINGA DIRECTOR 1.00 X 0 0 0 JEFFREY R REED DIRECTOR 1.00 X 0 0 0 JOHN L GARRISON DIRECTOR 1.00 X 0 0 0 KRIS FLITCROFT DIRECTOR 1.00 X 0 0 0 LAURA NESS OWENS DIRECTOR 1.00 X 0 0 0 LEIF J MAGNUSSON DIRECTOR 1.00 X 0 0 0 MELVIN PORTER DIRECTOR 1.00 X 0 0 0 MICHAEL A HABERMAN DIRECTOR 1.00 X 0 0 0 PATRICK WEILER DIRECTOR 1.00 X 0 0 0 PHILIP G KELIHER DIRECTOR 1.00 X 0 0 0 ROBERT B CRAIN DIRECTOR 1.00 X 0 0 0 SCOTT R HARRIS DIRECTOR 1.00 X 0 0 0 MEGAN TANEL AEM PRESIDENT 50.00 X 565055 0 44202 KATHY BARKE CHIEF FINANCIAL OFFICER 50.00 X 290921 0 78 JOHAN EIDEBERG SENIOR VP, GOVERNMENT & INDUSTRY RELATIONS 50.00 X 451615 0 0 SARA TRUESDALE MOONEY SENIOR VP, MEMBERSHIP. BUSINESS DEVELOPMENT & DATA 50.00 X 359876 0 44038 CURT BLADES SENIOR VP, INDUSTRY SECTORS & PRODUCT LEAD 50.00 X 351147 0 423 NICOLE HALLADA SENIOR VP, EXHIBITIONS & MARKETING 50.00 X 289708 0 26713 KATE FOX VP, FEDERAL AFFAIRS 1.00 X 255983 0 0 2564305 0 115454 49 0 1 0 FREEMAN EXPOSITIONS PO BOX 734596 DALLAS TX 75373 EVENT MARKETING AND SERVICES 9535980 LAS VEGAS CONVENTION AND VISITORS AUTHOR 3150 PARADISE RD LAS VEGAS NV 89109 TRADESHOW FACILITY RENTAL 4940816 CMAC LLC 2245 KELLER WAY STE 310 CARROLLTON TX 75006 TRADESHOW GENERAL CLEANING 2088069 NATIONAL STONE SAND AND GRAVEL 66 CANAL CENTER PLAZA SUITE 300 ALEXANDRIA VA 22314 COOPERATION AGREEMENT FOR SPONSORSHIP OF 1360506 NATIONAL READY MIXED CONCRETE ASSOC 66 CANAL CENTER PLAZA SUITE 300 ALEXANDRIA VA 22314 COOPERATION AGREEMENT FOR SPONSORSHIP OF 1351196 53 EXPOSITIONS 611710 68772146 68772146 MEMBERSHIP DUES 900099 7999171 7999171 MEMBERSHIP ACTIVITIES 611430 6731366 6731366 SAFETY MANUALS 611710 2084526 2084526 85587209 1620250 1620250 621743 581411 40332 40332 40332 87247791 85587209 0 1660582 900256 12964286 1479164 1894411 946331 266291 35665 220828 1797435 1410620 6797485 2904214 249270 EXPOSITIONS 34959254 DUES & SUBSCRIPTIONS 1100622 PRINTING & PUBLICATIONS 502236 STATISTICS PROCESSING 274378 695488 69398234 3556951 819099 28844370 15199662 1898930 477833 302893 1398468 94982 240982 1055355 835636 10587316 5965606 5603407 4621710 21392284 25296939 38689931 31372429 101439103 80262758 3980916 3852097 43612082 5260695 38677579 34584782 86270577 43697574 X 15168526 36565184 15168526 36565184 101439103 80262758 X 17849557 3361486 185615 X 0 1 X 1 0 0 0 1 7726418 1661304 941774 2603078 3090567 -487489 4613266 1797627 2815639 5974050 4167979 1806071 4621710 OTHER ASSETS 908496 WOA JOINT VENTURE 98133 TRADEMARK & LOGO 26738932 LEASE RIGHT OF USE ASSET 3626868 31372429 OTHER LIABILITIES 508446 ACCRUED RETIREMENT 631648 CON/AGG COOPERATION AGREEMENT 28629862 LEASE OBLIGATIONS 4814826 34584782 X 90759227 3361486 185615 3547101 87212126 35665 35665 87247791 69362569 0 69362569 35665 35665 69398234 PART X, LINE 2: THE ASSOCIATION HAS RECEIVED NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS EXEMPT FROM INCOME TAX ON NET INCOME. THE ASSOCIATION PROVIDES ITS MEMBERS WITH THE AMOUNT OF THEIR DUES THAT ARE ATTRIBUTABLE TO LOBBYING ACTIVITIES, AND AS SUCH IS NOT SUBJECT TO PROXY TAX. ADDITIONALLY, THE ASSOCIATION INCURRED CHINESE BUSINESS TAX EXPENSE OF $0 AND $2,655 FOR THE YEARS ENDED DECEMBER 31, 2023, AND 2022, RESPECTIVELY. TAX EXPENSES ARE INCLUDED IN EXPOSITIONS EXPENSE ON THE CONSOLIDATED STATEMENTS OF ACTIVITIES. THE FOR-PROFIT SUBSIDIARY IS A C CORPORATION FOR INCOME TAX PURPOSES. THERE WAS $7,450 AND $44,100 INCOME TAX LIABILITY RELATED TO THE COMPANY AT DECEMBER 31, 2023 AND 2022, RESPECTIVELY. THE ASSOCIATION FOLLOWS CURRENT AUTHORITATIVE GUIDANCE RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS, ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ASSOCIATION RECOGNIZES THE CONSOLIDATED FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED, UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. IT IS THE ASSOCIATION'S POLICY TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. WITH FEW EXCEPTIONS, THE ASSOCIATION IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS ENDED PRIOR TO JANUARY 1, 2021, AND STATE EXAMINATIONS FOR YEARS ENDED PRIOR TO JANUARY 1, 2020. THE ASSOCIATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN/LOSS ON PROFIT SHARING 185,615. EAST ASIA AND THE PACIFIC 1 2 PROGRAM SERVICES COST OF MAIN OPERATIONS, TAXES AND SURCHARGES AND GENERAL AND ADMINISTRATIVE EXPENSES. 181881 SOUTH ASIA 1 1 PROGRAM SERVICES TRADE SHOW - AEM CO-OWNS AND CO-MANAGES THE INTERNATIONAL SHOW AND HANDLES INTERNATIONAL EXHIBITS. 409770 2 3 0 0 2 3 591651 0 591651 1 0 1 0 0 0 X 1 1 X X X 1 0 0 MEGAN TANEL AEM PRESIDENT 407435 0 157620 0 0 0 0 0 44202 0 609257 0 0 0 JOHAN EIDEBERG SENIOR VP, GOVERNMENT & INDUSTRY RELATIONS 359668 0 91947 0 0 0 0 0 0 0 451615 0 0 0 SARA TRUESDALE MOONEY SENIOR VP, MEMBERSHIP. BUSINESS DEVELOPMENT 286228 0 73648 0 0 0 0 0 44038 0 403914 0 0 0 CURT BLADES SENIOR VP, INDUSTRY SECTORS & PRODUCT LEAD 281155 0 69992 0 0 0 0 0 423 0 351570 0 0 0 NICOLE HALLADA SENIOR VP, EXHIBITIONS & MARKETING 229333 0 60375 0 0 0 0 0 26713 0 316421 0 0 0 KATHY BARKE CHIEF FINANCIAL OFFICER 233169 0 57752 0 0 0 0 0 78 0 290999 0 0 0 KATE FOX VP, FEDERAL AFFAIRS 226074 0 0 0 29909 0 0 0 0 0 255983 0 0 0 PART I, LINE 1A AEM HAS A BUSINESS OR FIRST CLASS TRAVEL POLICY THAT APPLIES AND IS FOLLOWED FOR ALL STAFF MEMBERS. CERTAIN MANAGEMENT STAFF SUBMIT INVOICES TO BE PAID FOR SOCIAL CLUB DUES. PART I, LINE 4A LARRY BUZECKEY RECEIVED $186,939 SEVERANCE PAYMENT IN 2023. FORM 990, PART VI, SECTION A, LINE 6 PROSPECTS ARE REVIEWED BY AEM MEMBERSHIP DEPARTMENT STAFF FOR QUALIFICATION BASED ON AEM MEMBERSHIP CRITERIA ESTABLISHED BY ASSOCIATION BY-LAWS. APPLICANTS SUBMIT APPLICATION AND PAYMENT UPON AUTHORIZATION. ALL NEW MEMBER APPLICATIONS ARE REVIEWED BY THE AEM MEMBERSHIP COMMITTEE, PROCESSING TAKES APPROXIMATELY 15 BUSINESS DAYS. UPON ACCEPTANCE BASED ON SIMPLE MAJORITY OF THE MEMBERSHIP COMMITTEE, AN E-MAIL NOTIFICATION IS SENT TO THE NEW MEMBER ALONG WITH PERMISSION TO ACCESS TO ALL MEMBERSHIP SERVICES. INTERNAL COMMUNICATIONS TO ALL STAFF OF ALL NEW MEMBERS OCCURS MONTHLY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS APPROVE THE ASSOCIATION BY-LAWS AND ANY CHANGES TO THE BY-LAWS. THE BOARD OF DIRECTORS OPERATES WITHIN THE AUTHORITY PROVIDED BY THE BY-LAWS. ANY ACTIONS NOT AUTHORIZED BY THE BY-LAWS REQUIRE MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS PREPARED BY THE ACCOUNTING FIRM WHICH CONDUCTS THE AUDIT FOR THE ORGANIZATION. THE FORM 990 IS SENT TO THE CFO FOR REVIEW PRIOR TO THE FILING OF THE FORM. THE 990 RETURN IS PROVIDED TO THE BOARD COMMITTEE MEMBERS AND FINANCE COMMITTEE MEMBERS AFTER IT IS FILED. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE (IMMEDIATE PAST CHAIRMAN, CHAIRMAN, VICE CHAIRMAN, SECOND VICE CHAIRMAN AND THE TREASURER) MEETS ANNUALLY TO REVIEW THE COMPENSATION OF THE SENIOR STAFF. THE AEM PRESIDENT RECOMMENDS THE ANNUAL COMPENSATION LEVELS FOR THE SENIOR STAFF AND BASED ON THIS RECOMMENDATION AND A REVIEW OF INDIVIDUAL PERFORMANCE THE COMPENSATION COMMITTEE ESTABLISHES THE COMPENSATION OF THE SENIOR MANAGEMENT GROUP. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/LOSS ON PROFIT SHARING 185,615. AEM SERVICES LLC 6737 W WASHINGTON AVE SUITE 2400 MILWAUKEE WI 53214 271167693 PROGRAM SERVICES - TRADE SHOW SERVICES IL -341755 80690 ASSOCIATION OF EQUIPMENT MANUFACTURERS AEM CHILE - SPA PADRE MARIANO 272 OFICINA 602 POVIDENCIA SANTIAGO CI TRADE SHOWS CI AEM C 1.00000 1 AEM EXHIBITION SERVICES BEIJING CO LTD SUITE 458 NEW CENTURY HOTEL OFFICER BEIJING CH TRADE SHOWS CH AEM C -1246 94746 1.00000 1 HARGROVE & ASSOCIATES INC 100 N 6TH STREET SUITE 306B MINNEAPOLIS MN 55403 STATISTICS PROCESSING MN AEM C -144440 1339411 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 HARGROVE & ASSOCIATES INC Q 41428 FMV HARGROVE & ASSOCIATES INC M 1678875 FMV