New England Water Works Association Inc
- Assets
- $5.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Holliston, MA
- Founding
- 10/1984
- Data as of
- 06/2021
- EIN
- 04-1666330
Organization Overview
New England Water Works Association Inc is located in Holliston, MA. The organization was established in 1984. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, New England Water Works Association Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Water Works Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, New England Water Works Association Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PUBLIC HEALTH, SAFETY, AND WELFARE THROUGH THE ADVANCEMENT AND DISSEMINATION OF KNOWLEDGE FOR IMPROVEMENT OF THE PLANNING, PROTECTION, DESIGN, CONSTRUCTION, OPERATION, MANAGEMENT AND REGULATION OF PUBLIC DRINKING WATER SUPPLIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING - THE ASSOCIATION PROVIDES AWARD-WINNING TRAINING PROGRAMS. THE COMPREHENSIVE CURRICULUM INCLUDES MANAGEMENT, OPERATIONS, SAFETY AND REGULATORY REQUIREMENTS. THE TRAINING PROGRAMS ARE RECOGNIZED BY THE IACET AND PROVIDE CREDITS TOWARD CERTIFICATION FOR WATER WORKS PROFESSIONALS.
CONFERENCES, MEETINGS AND PUBLICATIONS - THE ASSOCIATION PRESENTS MEETINGS, SEMINARS, CONFERENCES AND SYMPOSIUMS THROUGHOUT NEW ENGLAND PROVIDING VARIOUS PUBLICATIONS, VIDEOS AND CERTIFICATION PROGRAMS, AND MAINTAINING A COMPREHENSIVE LIBRARY SYSTEM.
MEMBERSHIP SERVICES - THE ASSOCIATION PROVIDES A NETWORKING SYSTEM FOR WATER SUPPLY PROFESSIONALS TO EXCHANGE INFORMATION AND LEARN ABOUT NEW PRODUCTS, TECHNOLOGIES AND SERVICES. THE ASSOCIATION PROVIDES MEMBERS WITH MANAGERIAL SUPPORT, UTILITY SUPPORT, COMMUNITY OUTREACH PROGRAMS, AND LEGISLATIVE AND REGULATORY SUPPORT. THEY ALSO PROVIDE SCHOLARSHIPS TO QUALIFIED MEMBERS FOR EDUCATION.
GRANTS/DONATIONS PAID TO WATER FOR PEOPLE & OTHER ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Brockway Treasurer | OfficerTrustee | 6 | $0 |
Michael Pelletier Asst Treasur | OfficerTrustee | 6 | $0 |
Erica Lotz President | OfficerTrustee | 3 | $0 |
Stephen C Olson Vice Preside | OfficerTrustee | 2 | $0 |
Darin Lafalam Ma State Dir | Trustee | 2 | $0 |
Rob Little Ma State Dir | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,292 |
| Investment income | $29,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $160,845 |
| Net Income from Fundraising Events | $90,606 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,104,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $694,233 |
| Pension plan accruals and contributions | $40,933 |
| Other employee benefits | $79,071 |
| Payroll taxes | $71,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,600 |
| Fees for services: Accounting | $25,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,918 |
| Fees for services: Other | $4,145 |
| Advertising and promotion | $0 |
| Office expenses | $29,660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,533 |
| Travel | $17,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,382 |
| Interest | $12,792 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,891 |
| Insurance | $19,345 |
| All other expenses | $0 |
| Total functional expenses | $1,830,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,913 |
| Savings and temporary cash investments | $401,768 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $304,603 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,675 |
| Prepaid expenses and deferred charges | $106,124 |
| Investments—publicly traded securities | $2,366,098 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $201,912 |
| Total assets | $5,317,027 |
| Accounts payable and accrued expenses | $134,104 |
| Grants payable | $0 |
| Deferred revenue | $314,144 |
| Tax-exempt bond liabilities | $427,647 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $148,200 |
| Other liabilities | $0 |
| Total liabilities | $1,024,095 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,292,932 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New England Water Works Association Inc has recieved totaling $64,689.
| Awarding Organization | Amount |
|---|---|
American Water Works Association Denver, CO PURPOSE: OPERATING SUPPORT | $64,589 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Bankers Association Inc New York, NY | $29,674,110 | $5,797,174 |
New York Credit Union Association Inc Albany, NY | $26,477,770 | $2,081,668 |
Clearing House Association Llc New York, NY | $10,776,823 | $75,297 |
New England Water Works Association Inc Holliston, MA | $5,317,027 | $2,104,407 |
Cable Telecommunications Association Of New York Inc Albany, NY | $865,674 | $1,225,088 |
Northeast Waste Management Officials Association Inc Boston, MA | $482,631 | $1,175,561 |
Vermont Rural Water Association Essex Junction, VT | $644,276 | $1,194,241 |
The Cape And Islands Veterans Outreach Center Inc Hyannis, MA | $3,086,550 | $1,484,824 |
Massachusetts Water Works Association Incorporated Acton, MA | $1,055,678 | $698,118 |
New York State Telecommunications Association Inc Albany, NY | $238,954 | $505,198 |
Coalition For Inclusive Capitalism Us Inc Old Greenwich, CT | $1,061,552 | $450,000 |
Public Utilities Risk Management Association Westborough, MA | $335,245 | $435,287 |