Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| BRIEF DESCRIPTION OF ORGANIZATION'S MISSION | FORM 990, PART III, LINE 1 | ARTICLE II OF AMT'S BYLAWS LISTS THE PURPOSES AS "TO PROMOTE THE PROGRESS AND DEVELOPMENT OF HIGH STANDARDS OF MANUFACTURE, MARKETING, TECHNOLOGY, INDUSTRIAL AND PUBLIC RELATIONS, BUSINESS MANAGEMENT AND ETHICS IN THE MACHINE TOOL INDUSTRY OF THE UNITED STATES, TO STIMULATE INTEREST IN AND DEMAND FOR MACHINE TOOLS AND RELATED PRODUCTS, AND TO REPRESENT AND ADVANCE THE COMMON LAW INTERESTS OF THE MACHINE TOOL INDUSTRY BEFORE THE PUBLIC, INDUSTRY AND THE GOVERNMENT." AMT'S MISSION STATEMENT READS "THE ASSOCIATION FOR MANUFACTURING TECHNOLOGY'S MEMBERS WILL BE THE GLOBAL LEADERS IN INNOVATING, PRODUCING AND IMPLEMENTING ADVANCED MANUFACTURING TECHNOLOGY SOLUTIONS. IN SUPPORT OF ITS MEMBERS, AMT WILL BE AN ACTIVE PARTNER IN THE ADVANCEMENT OF MANUFACTURING TECHNOLOGY AND IN THE SUCCESS OF OUR MEMBERS' BUSINESSES. AS AN ACTIVE PARTNER, AMT WILL FACILITATE NETWORKING, COLLABORATION, MATCH-MAKING, NEW BUSINESS OPPORTUNITIES, AND THE EXCHANGE OF IDEAS." |
| PROGRAM SERVICES | FORM 990, PART III, LINE 4A | After a tremendous amount of work by the AMT staff and a large finanical investment, AMT launched MTInsight in June, 2011. MTInsight is a state of the art business intelligence portal with applications built from within the manufacturing industry available 24/7 on the web to AMT members and IMTS exhibitors. It is a launching pad from which they can build their own customized business intelligence tool using the wealth of information stored in the data warehouse at significantly lower cost than they currently procure this information from third party vendors. Data available includes AMT benchmarking surveys, government statistics, forecast data from Oxford Economics and many others, detailed profiles of millions of companies, the most information about specific markets in one place. |
| PROGRAM SERVICES | FORM 990, PART III, LINE 4B | In the summer of 2011 Chennai Tech Center (CTC) moved into its own new building located in the Madras Export Processing Zone (MEPZ) in order to assist in growing members' businesses in India. Members can have an office in the building, demonstrate their machines on the duty-free exhibition floor, use CTC personnel for field support, conduct classroom training and cover sales and show opportunities around the entire country. The office is conveniently located to the Chennai Airport and there are good hotels nearby for members and their customers. Additionally, CTC staff has obtained a procurement document that includes 40 different state-run manufacturing companies all tied to the defense industry showing planned purchases over next two years of 1400 different machines with an approximate value of $1.5 billion. |
| PROGRAM SERVICES | FORM 990, PART III, LINE 4C | AMT continued its efforts into member outreach, helping member companies find new markets, new customers, and new approaches for marketing their products and services. All three tech centers one each in China, Mexico and India showed growth in 2011 as members pursued international markets. AMT also conducted webinars and Business Review Days. The "Key Country Comparison" provided updates of representative business and selling costs in the BRIC's, Poland, Mexico and the United States. Numerous opportunities were created for members to participate in foreign trade shows such as FEIMAFE (Brazil), TECMA (Mexico), IMTEX (India) CIMT (China) and Metalloobrabotka (Russia). There were also opportunities to network and learn from fellow members stateside at events like MFG, the Global Forecasting Conference and the Service and Aftermarket Support Conference. For those who find it difficult to get away to trade shows and conferences, AMT has begun providing more and more webinars and even the chance to see EMO, Germany's largest trade show on IMTS.com IMTSTV. |
| Family Relationships | Form 990, Part VI, Line 2 | BUSINESS RELATIONSHIP: KIM BECK IS A DIRECTOR OF DOUG CURRIE'S COMPANY (BOTH SERVE ON AMT'S BOARD OF DIRECTORS). |
| Members or Stockholders | Form 990, Part VI, Line 6 | AMT HAS 3 CATEGORIES OF MEMBERS: REGULAR MEMBERS, AFFILIATE MEMBERS, AND START-UP MEMBERS. AMT's Regular Members have voting rights. Members: Companies which have, for one year or more within the United States, manufactured, sold, and warranted the overall operational performance of non-portable, power-driven manufacturing machinery, systems, correlated equipment products, or software used in the processing steps for performing operations on man-made materials to produce discrete durable goods. Start-Up Members: Firms that, for less than one year immediately preceding the date of membership application, produce and sell or lease machine tools or related equipment, products or software in the United States. Start-Up Members do not have voting privileges. Affiliate Members: Organizations which have one or more programs structured to aid the advancement of the manufacturing technology industry, usually colleges, universities and other research facilities. They do not pay any dues, nor do they have voting privileges. |
| Members or Stockholders Who May Elect one or more members of the govt body | Form 990, Part VI, Line 7a | At least 90 days before the annual meeting, the chairman shall appoint a nominating committee comprised of the three most recent past chairmen of the Association that remain actively employed by or have retired from a Member. The nominating committee shall propose nominees for any vacancies in the board of directors to be filled at such meeting. Nominations may also be made by any Member by submitting a written statement to the nominating committee at the Association's principal office not later than 60 days prior to the date of the annual meeting. The nominating committee shall submit their nominations to the executive committee for review prior to the annual meeting and in time to permit notice of the nominating committee's nominations to be mailed to the Members at least ten days prior to the annual meeting. The nominations shall thereafter be submitted for membership approval at the annual meeting by an affirmative majority vote of the Members present. |
| Form 990 Review Process | Form 990, Part VI, Line 11b | THE FORM 990 IS PREPARED BY AMT'S INDEPENDENT ACCOUNTING FIRM PRIOR TO FILING, THE ORGANIZATION CONDUCTS AN INTERNAL REVIEW OF THE FORM 990 WHICH IS PERFORMED BY THE ORGANIZATION'S MANAGEMENT IN CONJUNCTION WITH ITS ACCOUNTING/FINANCE STAFF. |
| Process for Determining Compensation | Form 990, Part VI, Line 15a and 15b | The President's salary is controlled by the Compensation Committee which is a sub-set of the AMT Board of Directors. All other salaries are controlled by the President. The Executive Salaries (Vice Presidents) are reviewed by the Chairman of the Board of Directors as well and approved by signature. The salaries are determined by referring to Market Salary benchmarks. The President's annual salary review is signed by the current Chairman of the Board of Directors, all other annual salary reviews are approved/signed by the President of the Association. Annually, all salaries including the Officers are benchmarked using 5 different salary surveys (PRM, HRA, Cordom, ASAE, and AMT's Executive Compensation Survey). The benchmarks are shared with the President (and in the case of the President are shared with the Compensation Committee). |
| How Documents are Made Available to the Public | Form 990, Part VI, Line 19 | AMT makes these documents available to the extent required by law. |
| Other changes in net assets or fund balances | FORM 990, PART XI, LINE 5 | UNREALIZED GAINS/(LOSSES) (BOOK ONLY): (914,498) NON-PERIODIC PENSION COST EXPENSE: (1,801,818) GAIN/LOSS ON FOREIGN CURRENCY: 60,421 TOTAL OTHER CHANGES IN NET ASSETS: (2,655,895) |
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