Overview
What is American Bearing Manufacturers Association?
The American Bearing Manufacturers Association (ABMA) is a nonprofit organization situated in Alexandria, Virginia. Established with a mission to provide leadership, advocacy, and education, ABMA is dedicated to promoting value for its membership and fostering engagement within the global bearing industry. In 2011, the association launched a program aimed at supporting interns or co-op participants at its member companies. Recognizing the potential of these future industry leaders, ABMA awarded two $2,500 scholarships to deserving individuals in 2022. This commitment to nurturing talent further strengthens ABMA's role in shaping the future of the bearing industry.
Is American Bearing Manufacturers Association legitimate?
American Bearing Manufacturers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. American Bearing Manufacturers Association 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.
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What is the mission statement of American Bearing Manufacturers Association?
The American Bearing Manufacturers Association (ABMA) is committed to providing leadership, advocacy, and education, with a primary focus on enhancing membership value and engaging in industry outreach. Their mission encompasses addressing issues that impact the Global Bearing Industry. In an effort to support the industry, ABMA established a program for internships or co-op participants at its member companies in 2011. Furthermore, ABMA recognizes the potential of young talents in the field and, in 2022, awarded two scholarships of $2,500 to deserving industry interns at member companies.
Who is the CEO of American Bearing Manufacturers Association?
Evelise Faro is the Treasurer of American Bearing Manufacturers Association.
What is the revenue of American Bearing Manufacturers Association?
American Bearing Manufacturers Association's revenue in 2022 was $661,712.
Who are the executives of American Bearing Manufacturers Association and what are their salaries?
There 12 volunteers at American Bearing Manufacturers Association.
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Where can I find the form 990 for American Bearing Manufacturers Association?
American Bearing Manufacturers Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Bearing Manufacturers Association
The American Bearing Manufacturers Association, abbreviated as ABMA, is committed to delivering leadership, advocacy, and education with a primary focus on adding value to its membership, engaging with the global bearing industry, and addressing the concerns that impact this sector. This nonprofit organization's mission is centered around three key areas: membership value, industry outreach, and addressing issues that affect the Global Bearing Industry.
ABMA seeks to provide substantial benefits to its members by offering guidance, support, and resources that foster growth and success within the bearing industry. Furthermore, the association aims to promote and strengthen connections between industry players, ensuring a collaborative and thriving environment.
In addition to these objectives, ABMA is dedicated to addressing the challenges and concerns that affect the global bearing industry. By advocating on behalf of its members, the association works to shape policies and regulations that positively impact the industry. Additionally, ABMA offers educational opportunities to help members stay informed and competitive in a rapidly evolving market. In 2022, as a testament to its commitment to education, ABMA awarded two $2,500 scholarships to interns or co-op participants at member companies, further demonstrating its focus on nurturing talent and fostering industry growth.
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Impact
October, 2024
The American Bearing Manufacturers Association (ABMA) significantly influences the global bearing industry through leadership, advocacy, and education. By focusing on membership value and industry outreach, ABMA addresses key issues that impact manufacturers and stakeholders in the bearing sector.
One of its notable initiatives is the establishment of a scholarship program in honor of Professor Tedric A Harris, which supports interns and co-op participants at member companies. Since its inception in 2011, this program has enhanced workforce development and fostered industry growth by nurturing the next generation of professionals. In 2022, ABMA awarded two $2,500 scholarships to deserving industry interns, further highlighting its commitment to education and community improvement. The organization's efforts contribute to the sustainability and competitiveness of the bearing industry on a global scale.
This information is meant to be a general summary of American Bearing Manufacturers Association. 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: $10,235
- Program Service Revenue: $141,616
- Gross Receipts: $661,712
Assets and Liabilities:
- Total Assets: $774,748
- Total Liabilities: $264,423
- Net Assets: $510,325
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Education Programs
Revenue
$106,650
Standards Program
Revenue
$34,966
Organization Details
Founding Year
1917
Principal Officer
Evelise Faro
Main Address
1001 North Fairfax Street STE 500, Alexandria, VA, 22314
NTEE Category
Code: S41 - Community improvement
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