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Research Outline
Prepared for Porus D. | Delivered August 20, 2020
Profile: Fabricators and Manufacturers Association
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Goals
To build a profile for Fabricators and Manufacturers Association including insights on its background, historical growth, financial results, future growth plans, potential challenges, and management/organizational structure.
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Early Findings
Background
The Fabricators and Manufacturers Association was
founded in 1970
to advocate for the growth & sustainability of the metal processing, forming, and fabricating industries in North America.
To achieve its purpose,
the non-profit organizes
technology councils, educational programs, networking events and a trade show known as
F
a
b
t
e
c
h
.
The organization also publishes
several industry publications
such as The Fabricator, The Tube & Pipe Journal, Stamping Journal, The Welder, The Fabricator en
E
s
p
a
n
o
l
, Canadian Metalworking, and Canadian Fabricating & Welding.
Fabricators and Manufacturers Association has two technology affiliates named
Tube & Pipe Association (TPA)
and
Association of Steel Distributors (ASD)
and a charitable foundation named
Nuts, Bolts & Thingamajigs
.
Historical Growth
The
first board meeting of FMA
was held in 1970 under the presidency of Milo J.
P
i
t
k
i
n
. Since then, the organization has worked under
four presidents
: Milo J.
P
i
t
k
i
n
(1970-1984), John
N
a
n
d
z
i
k
(1984-2002), Jerry
S
h
a
n
k
e
l
(2002-2011) and Ed
Y
o
u
d
e
l
l
(2011-Present)
The first member of FMA,
Eaton Leonard
, joined the association in 1975 and the first version of the trade show Fabtech International took place in
1981 in Cleveland
.
In 1991, the organization inaugurated its
40,000 sq. ft. corporate headquarters
in Rockford, Illinois.
In 2005, for the first time, FMA’s charitable foundation included funding for its
summer manufacturing camps
.
FMA founded the
National Manufacturing Day
in 2012.
FMA’s charitable foundation, Nuts, Bolts & Thingamajigs (NBT), has awarded manufacturing-related scholarships
worth over US$ 1 million
to summer manufacturing camps.
Till date, FMA has also trained more than
50,000 people
.
Financial Results
Nut, Bolts, and Thingamajigs
(NBT), the foundation of the Fabricators and Manufacturers Association, garnered a total of
US$1,532,692
in donations
in 2019.
This was a significant increase from the foundation’s earning of
US$990,760 in donations in 2018
.
The increase in net assets of the foundation in 2019 was
US$692,791
compared to a decrease of US$80,391 in 2018.
Future Growth Plans
The vision of FMA for its long-term future is to help manufacturing's next generation by assisting them to leverage
revolutionary technologies
in the days to come.
To attract more members, the association offers
three types of membership plans
: individual, business and premier.
The individual plan costs
US$150 a year
, business plan costs
US$495 a year
and the premier plan is priced at
US$1,495 a year
.
The association also offers educational memberships for students and schools at annual costs of
US$25 per student
and
US$150 per school
.
Organizational Structure
Greg Simpson
of Ohio Laser, LLC serves as the current chair of FMA.
The
directors on the board of FMA
are: Philip Kooima, Scott
M
y
r
a
n
, Jay Phillips, Sarah Richards, Steve W Ford Sr, Lori
T
a
p
a
n
i
and Lisa
W
e
r
t
z
b
a
u
g
h
e
r
.
As mentioned earlier,
Ed Youndel
l serves as the current president and
CEO of FMA
.
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