Overview
What is Laboratory Products Association Formerly Sama Group Of Associations?
Laboratory Products Association, previously known as Sama Group of Associations, is a nonprofit organization based in White Post, Virginia. Its primary focus is to support and advance the progress of its member industries, which primarily consist of manufacturers and distributors of scientific laboratory equipment, instruments, chemicals, and related supplies. The association aims to assist its members in better serving their customers, enhance business performance, and provide a platform for exploring innovative ideas, business practices, and technologies. To achieve these goals, LPA offers various programs, including an annual market forecast, a newsletter, monthly flash reports, a survey of laboratory purchasing trends, and annual meetings. With a small team of two dedicated individuals, LPA plays a vital role in the scientific apparatus industry by fostering growth and collaboration among its members.
Official website here: www.lpanet.org
Is Laboratory Products Association Formerly Sama Group Of Associations legitimate?
Laboratory Products Association Formerly Sama Group Of Associations is a legitimate nonprofit organization registered as a 501(c)(6) entity. Laboratory Products Association Formerly Sama Group Of Associations submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $253,916
Professional Fundraising Fees: $0
Other Salaries and Wages: $89,284
For more financial information, click here
Official website here: www.lpanet.org
What is the mission statement of Laboratory Products Association Formerly Sama Group Of Associations?
The Laboratory Products Association, formerly known as the Sama Group of Associations, is committed to fostering the growth and advancement of the scientific apparatus manufacturing industry. Their primary objective is to aid their member companies in serving their customers more effectively, enhance their business operations, and provide a platform for the exploration of innovative ideas, business practices, and technologies. The association's activities are geared towards improving its members' industries, and this is achieved through various programs such as market forecasts, newsletters, monthly reports, surveys, and annual meetings.
Official website here: www.lpanet.org
Who is the CEO of Laboratory Products Association Formerly Sama Group Of Associations?
Clark Mulligan is the Chair of Laboratory Products Association Formerly Sama Group Of Associations.
Official website here: www.lpanet.org
What is the revenue of Laboratory Products Association Formerly Sama Group Of Associations?
Laboratory Products Association Formerly Sama Group Of Associations's revenue in 2023 was $1,218,830.
Official website here: www.lpanet.org
Who are the executives of Laboratory Products Association Formerly Sama Group Of Associations and what are their salaries?
The average compensation at Laboratory Products Association Formerly Sama Group Of Associations during 2023 was $171,600. There are 2 employees at Laboratory Products Association Formerly Sama Group Of Associations.
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- Compensation: $200,464
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- Other: $42,621
Official website here: www.lpanet.org
Where can I find the form 990 for Laboratory Products Association Formerly Sama Group Of Associations?
Laboratory Products Association Formerly Sama Group Of Associations's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lpanet.org
Learn more at the official website: www.lpanet.org
Mission Statement of Laboratory Products Association Formerly Sama Group Of Associations
The Laboratory Products Association, previously known as Sama Group of Associations, is dedicated to fostering the advancement and growth of the scientific apparatus manufacturing industry. Its primary objective is to empower its member companies, which include manufacturers and distributors of laboratory instruments, chemicals, equipment, supplies, and related accessories, to serve their customers more effectively. By providing a platform for exploration and discussion, the organization aims to enhance business performance and encourage the adoption of innovative ideas, business practices, and technologies within this industry.
To accomplish its mission, the Laboratory Products Association offers various programs. One such program is an annual forecast and analysis of the laboratory supply market, which helps members stay informed about market trends and make informed business decisions. Additionally, the organization publishes a newsletter called Laboratory Business World, which delivers updates on industry developments and trends. Another program is a monthly Flash Report, offering timely insights and analysis to keep members informed about market fluctuations and changes. The association also conducts the North American Survey of Laboratory Purchasing Trends, providing valuable data and insights into purchasing trends within the industry. Lastly, the Laboratory Products Association hosts annual meetings, where members can network, share best practices, and engage in discussions about industry challenges and opportunities.
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Impact
October, 2024
The Laboratory Products Association (LPA) plays a critical role in advancing the scientific apparatus makers' industry by fostering collaboration among its members, which include manufacturers and distributors of laboratory instruments, apparatus, chemicals, and equipment. By organizing initiatives like the Annual Forecast and Analysis of the Lab Supply Market and the North American Survey of Laboratory Purchasing Trends, the LPA provides valuable insights that help its members navigate market dynamics effectively.
Additionally, the Laboratory Business World Newsletter and monthly reports keep members informed about the latest industry developments and best practices, promoting a culture of continuous improvement. The annual meetings serve as a vital forum for exploring innovative ideas and technologies, allowing members to network and share knowledge. By focusing on improving business performance and customer service capabilities, the LPA cultivates a more competitive and dynamic environment within the laboratory products sector, ultimately benefiting the broader scientific community.
This information is meant to be a general summary of Laboratory Products Association Formerly Sama Group Of Associations. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $46,946
- Program Service Revenue: $1,171,289
- Gross Receipts: $1,303,631
Assets and Liabilities:
- Total Assets: $2,068,770
- Total Liabilities: $446,796
- Net Assets: $1,621,974
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$886,577
FALL MEETING
Revenue
$210,495
SPRING MEETING
Revenue
$63,792
WORKSHOPS & SEMINARS
Revenue
$10,425
Organization Details
Founding Year
1936
Phone
(703) 836-1360Principal Officer
Clark Mulligan
Main Address
120 STORAGE SOLUTIONS LANE BOX 12, WHITE POST, VA, 22663
Website
www.lpanet.orgNTEE Category
Code: S41 - Community improvement
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