Overview
What is National Motor Freight Traffic Association Inc?
The National Motor Freight Traffic Association Inc, headquartered in Alexandria, Virginia, serves as a pioneering organization for the motor carrier industry. With a workforce of 29 individuals, they focus on promoting and enhancing the welfare of motor carriers through research, information distribution, and data aggregation. Their primary mission involves publishing and maintaining standard identification codes, such as carrier alpha codes and point location codes, to facilitate computerization and streamline industry processes. They also develop and oversee freight classifications and associated practices, ensuring uniformity and efficiency in motor carrier transportation.
Official website here: www.nmfta.org
Is National Motor Freight Traffic Association Inc legitimate?
National Motor Freight Traffic Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Motor Freight Traffic Association Inc 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: $2,514,530
Professional Fundraising Fees: $0
Other Salaries and Wages: $936,470
For more financial information, click here
Official website here: www.nmfta.org
What is the mission statement of National Motor Freight Traffic Association Inc?
The National Motor Freight Traffic Association Inc is an organization dedicated to serving the educational, scientific, and research needs of motor carriers. Its mission is to enhance and better the motor carrier industry by means of research, analysis, information distribution, and data aggregation. This facilitates the promotion of best practices within motor carrier transportation. The Association plays a crucial role in establishing standard identification codes for the transportation industry and helps establish freight classifications of property, packaging specifications, rules, and related practices, all within the national motor freight classification.
Official website here: www.nmfta.org
Who is the CEO of National Motor Freight Traffic Association Inc?
Deborah Sparks is the Executive Director of National Motor Freight Traffic Association Inc.
Official website here: www.nmfta.org
What is the revenue of National Motor Freight Traffic Association Inc?
National Motor Freight Traffic Association Inc's revenue in 2022 was $14,918,863.
Official website here: www.nmfta.org
Who are the executives of National Motor Freight Traffic Association Inc and what are their salaries?
The average compensation at National Motor Freight Traffic Association Inc during 2022 was $119,000. There are 29 employees at National Motor Freight Traffic Association Inc.
Here are 31 key members and their salaries:
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- Compensation: $107,227
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- Compensation: $242,227
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- Other: $9,842
Official website here: www.nmfta.org
Where can I find the form 990 for National Motor Freight Traffic Association Inc?
National Motor Freight Traffic Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nmfta.org
Learn more at the official website: www.nmfta.org
Mission Statement of National Motor Freight Traffic Association Inc
The National Motor Freight Traffic Association Inc, established with the goal of serving as an educational, scientific, and research organization for motor carriers, is dedicated to promoting, advancing, and improving the welfare and interests of the motor carrier industry. Through research, analysis, distribution of information, and aggregation of data, NMFTA facilitates education and the implementation of best practices associated with motor carrier transportation.
One of the primary ways NMFTA accomplishes its mission is by developing and maintaining standard identification codes used within the transportation industry. These codes streamline communication and ensure consistency in labeling and classification of goods being transported. In addition, NMFTA plays a significant role in facilitating the establishment of freight classifications for various types of property, packaging specifications, rules, and related practices within the national motor freight classification system. This system enables efficient and effective transportation of goods by providing a standardized framework for understanding and categorizing the freight being moved.
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Impact
October, 2024
The National Motor Freight Traffic Association Inc plays a significant role in shaping the motor carrier industry by serving as a pivotal resource for education, research, and industry standards. By publishing essential tariffs and standards, the organization helps facilitate smoother operations among transportation companies.
Its publication of the National Motor Freight Classification system is particularly impactful, as it provides a critical framework for less-than-truckload (LTL) carriers and their customers. This classification enhances communication and efficiency within the industry, allowing for clearer expectations in shipping and pricing.
Additionally, the association maintains the Standard Carrier Alpha Codes and Standard Point Location Codes, which are vital for the computerization and modernization of transportation processes. These resources simplify the identification of both carriers and locations, contributing to more efficient logistics operations across North America.
Through research and data aggregation, the National Motor Freight Traffic Association fosters best practices, advancing the welfare and interests of the motor carrier industry. By advocating for improvements and providing tools for education, it ensures that stakeholders remain well-informed and capable of meeting the evolving challenges of the transportation sector.
This information is meant to be a general summary of National Motor Freight Traffic Association Inc. 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 2022.
- Investment Income: $2,470,894
- Program Service Revenue: $12,029,608
- Gross Receipts: $20,717,497
Assets and Liabilities:
- Total Assets: $57,212,023
- Total Liabilities: $9,872,283
- Net Assets: $47,339,740
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$10,834,046
PARTICIPATION FEES
Revenue
$1,195,562
Organization Details
Founding Year
1956
Phone
(703) 838-1810Principal Officer
Deborah Sparks
Main Address
1001 NORTH FAIRFAX STREET NO 600, ALEXANDRIA, VA, 22314
Website
www.nmfta.orgNTEE Category
Code: S41 - Community improvement
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