Independent Lubricant Manufacturers Association Foundation

Nonprofit profile at a glance

EIN
264464937
IRS 990 coverage
2024–2025
Forms available
Form 990 2025, Form 990-EZ 2023
Location
Alexandria, VA, USA
Phone
7036845574
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Foundations

Official website

Reported finances

Revenue
$652,496
Expenses
$252,613
Assets
$1,548,786
Liabilities
$55,331

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

15 people listed

People named in this filing

  • DAVE DIBERTO (CHAIR)
  • MIKE DAMIANI (TREASURER)
  • BARBARA KUDIS (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Scholarship fund - to receive contributions from association members to distribute to students who have been approved and awarded scholarships. Also to provide education opportunities to association 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).

What it reported doing in 2025

An internship toolkit was developed with a 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. The pilot program was a success, and ilma continues to promote the internship toolkit to members that wish to develop their own internship programs.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 66% for direct work, and 34% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 94
  • Accountability: 94
  • Sustainability: 84
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.1%; rating input score 40
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 61.3%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 6.13; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 11.5% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 17.9% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 12.9% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 40.1% of revenue deployed · 100% of spending went to programs
  • Governance: 13 of 13 board members independent · 6 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $253K in reported program spending
  • Leadership: top reported pay $0 · 15 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.