NonprofitsIndependent Lubricant Manufacturers Association Foundation

Community Foundations

Independent Lubricant Manufacturers Association Foundation

ALEXANDRIA, VA

Total revenue

$844K

Total expenses

$225K

Net assets

$1.1M

Grants received

$10K

1 grants

EIN

264464937

Tax year

2024

Mission

To receive contributions from association members to distribute to students who have been approved and awarded scholarships. To provide educational programs to members. The mission of the foundation is to meet the educational and leadership needs of independent lubricant manufacturers; to promote high ethical standards and conduct in the lubricants industry; to advance the leadership and management excellence of the lubricants industry; to administer a scholarship program; and, to engage in other conduct permitted by an organization exempt from taxation under section 501(c)(3) of the internal revenue code of 1986 (or the corresponding provision of any future united states internal revenue law).

Programs

1 program

Program - an internship toolkit was developed with the consultant's assistance. The ilma internship academy launched in the fall of 2023 as a pilot program with up to 15 member companies to develop their own internship programs. A suggestion was made that the foundation develop several short videos to explain the internship academy.

Expenses: $9K

Financials

FY 2024

Revenue

Contributions & grants$844K
Program service revenue
Investment income$204
Other revenue
Total revenue$844K

Expenses

Grants paid$72K
Salaries & benefits$86K
Fundraising
Other expenses$67K
Total expenses$225K
Total assets$1.1M
Net assets$1.1M

People

13 listed

NameRoleCompensation

DAVE DIBERTO

TREASURER (THRU 10/24); CHAIR

Board

1 hrs/wk

MIKE DAMIANI

SECRETARY (THRU 10/24); TREASURER

Board

1 hrs/wk

BARBARA KUDIS

SECRETARY (AS OF 10/24)

Board

1 hrs/wk

JARRETT FLEGEL

CHAIR (THRU 10/24); DIRECTOR

Board

1 hrs/wk

GLEN MAZZAMARO

DIRECTOR

Board

1 hrs/wk

GABE RHOADS

DIRECTOR

Board

1 hrs/wk

FABIEN THAUVIN

DIRECTOR

Board

1 hrs/wk

CHUCK DECKER

DIRECTOR

Board

1 hrs/wk

BETH ANN JONES

DIRECTOR

Board

1 hrs/wk

LEANNE CLELAND

DIRECTOR (AS OF 10/24)

Board

1 hrs/wk

ANN BALL

DIRECTOR

Board

1 hrs/wk

MIKE DEBATTISTA

DIRECTOR

Board

1 hrs/wk

TOM SCHROEDER

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$10K
Public, Societal Benefit
2024

Funded by

$10K from 1 funder · 1 grant · 2024

Details

EIN264464937
NTEE codeT31
Subsection03
Ruling date2011-02
Formed2009
Employees0
Volunteers13
INDEPENDENT LUBRICANT MANUFACTURERS ASSOCIATION FOUNDATION — Mission, Financials & Grants Received | Grantivo