National Association of Manufacturers
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| National Association of Manufacturers | |
 | |
| Basic facts | |
| Location: | Washington, D.C. |
| Type: | 501(c)(6) |
| Year founded: | 1895 |
| Website: | Official website |
The National Association of Manufacturers is a 501(c)(6) trade organization that advocates policies they see as encouraging increased manufacturing. The organization was founded in 1895 and was an early advocate for the creation of the U.S. Department of Commerce and for decreasing tarriffs in international trade.
Mission[edit]
As of September 2017, the tax returns for NAM listed the following mission statement for the organization:[1]
| “ | To enhance the competitiveness of manufacturers by shaping a legislative and regulatory environment conducive to us economic growth and to increase understanding among policymakers, the media and the general public about the vital role of manufacturing to America's economic future and living standards.[2] | ” |
Background[edit]
NAM was founded in 1895 in Cincinnati, Ohio, as a trade organization that focused on exporting manufactured goods and on calling for the creation of the U.S. Department of Commerce. According to the organization's website, the group has focused on advocating policies they believe encourage increased manufacturing as well as policies related to international trade. The group notes that they advocated the Trade Expansion Act of 1962 as well as an agenda to address inflation that was adopted by President Ronald Reagan (R) in the 1980s.[3]
Work[edit]
Professional services[edit]
NAM's website lists a number of member benefits for those who join the association, including discounts at a number of national companies that provide uniforms, transportation, or other common services.[4]
Political activity[edit]
Advocacy[edit]
NAM is involved in advocating policies and legislation that they see as expanding manufacturing and the economy. As part of this work, the organization arranges meetings between members and federal lawmakers through its Congressional Dialogue Series.[5] The group also organizes summits and conferences focused on manufacturing and organizes town hall events in the month of August, when members of Congress traditionally return to their home districts for a recess.[6]
Political action committee[edit]
NAM also maintains a federal political action committee, called NAM-PAC. The organization spends in elections to support or oppose candidates for office based on their stances concerning manufacturing and policies that NAM considers important to the manufacturing industry.[7]
Leadership[edit]
As of September 2017, the website for NAM listed the following individuals as members of the organization's executive committee.[8]
- David N. Farr, Chair of the board
- David T. Seaton, Vice chair of the board
- Jay Timmons, President and chief executive officer
- Matt Barr, Executive committee member
- Thomas A. Burke, Executive committee member
- Neil A. Chapman, Executive committee member
- Mark A. Cordova, Executive committee member
- Jeffrey S. Edwards, Executive committee member
- Drew Greenblatt, Executive committee member
- Thomas W. Handley, Executive committee member
- Victoria M. Holt, Executive committee member
- Kellie Johnson, Executive committee member
- Richard J. Kramer, Executive committee member
- Michael W. Lamach, Executive committee member
- W. Kirk Liddell, Executive committee member
- David W. MacLennan, Executive committee member
- Blake D. Moret, Executive committee member
- Scott C. Morrison, Executive committee member
- J. Larry Nichols, Executive committee member
- Nicholas T. Pinchuk, Executive committee member
- Rice Powell, Executive committee member
- Timothy M. Ring, Executive committee member
- Thomas J. Riordan, Executive committee member
- Gregg M. Sherrill, Executive committee member
- Ward J. Timken Jr., Executive committee member
- Charles Wetherington, Executive committee member
- Christopher C. Womack, Executive committee member
Finances[edit]
The following is a breakdown of National Association of Manufacturers's revenues and expenses as submitted to the IRS for the 2013 to 2015 fiscal years:
| Annual revenue and expenses for National Association of Manufacturers, 2013–2015 | ||
| Tax Year | Total Revenue | Total Expenses |
| 2015[9] | $60,461,433 | $61,617,758 |
| 2014[10] | $48,359,146 | $49,480,300 |
| 2013[11] | $39,143,865 | $39,914,218 |
Tax status[edit]
The National Association of Manufacturers is a 501(c)(6) tax-exempt nonprofit organization. Its status applies to nonprofit business leagues and related membership organizations including real estate boards, chambers of commerce, boards of trade and professional football leagues. Section 501(c) of the U.S. tax code has 29 sections that list specific conditions particular organizations must meet in order to be considered tax-exempt under the section.[12] Since politics and legislation may directly impact business activities, 501(c)(6) organizations can engage in germane lobbying and campaign activities as a means of advancing common business interests. Political expenses are only tax deductible if they are used in certain capacities to lobby pertinent legislation before local-level governing authorities, such as city councils. A 501(c)(6) organization may also participate in political campaign activities as long as political campaigning is not the organization's primary purpose.[13][14]
Recent news[edit]
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See also[edit]
External links[edit]
Footnotes[edit]
- ↑ Guidestar, "National Association of Manufacturers profile," accessed September 20, 2017
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ National Association of Manufacturers, "History of the NAM," accessed September 20, 2017
- ↑ 1800 Members, "NAM," accessed September 20, 2017
- ↑ National Association of Manufacturers, "NAM Congressional Dialogue Series," accessed September 20, 2017
- ↑ National Association of Manufacturers, "Recess," accessed September 20, 2017
- ↑ National Association of Manufacturers, "Why Join the NAM?" accessed September 20, 2017
- ↑ National Association of Manufacturers, "Board of Directors," accessed September 20, 2017
- ↑ Guidestar, "National Association of Manufacturers IRS Form 990 (2015)," accessed September 20, 2017
- ↑ Guidestar, "National Association of Manufacturers IRS Form 990 (2014)," accessed September 20, 2017
- ↑ Guidestar, "National Association of Manufacturers IRS Form 990 (2013)," accessed September 20, 2017
- ↑ Internal Revenue Service, "IRC 501(c)(6) organizations," accessed December 21, 2015
- ↑ Internal Revenue Service, "Publication 557," accessed December 21, 2015
- ↑ Internal Revenue Service, "Political campaign and lobbying activities of IRC 501(c)(4), (c)(5), and (c)(6) organizations," accessed December 21, 2015
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