American Society Of Costsegregation Professionals Inc
- Assets
- $153.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 20-5833803
Organization Overview
American Society Of Costsegregation Professionals Inc is located in Wilmington, NC. The organization was established in 2008. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society Of Costsegregation Professionals Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, American Society Of Costsegregation Professionals Inc generated $128.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $149.3k during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ASCSP'S GOAL IS TO PROVIDE ITS MEMBERS WITH EDUCATIONAL PROGRAMS AND CONTINUING EDUCATION PROGRAMS, CREATE AND MAINTAIN MINIMUM QUALITY STANDARDS, AND PROVIDE A CODE OF ETHICS. ASCSP WILL ESTABLISH, MONITOR AND UPGRADE (AS NEEDED) THESE PROGRAMS AND STANDARDS FOR THE INDUSTRY THROUGH THE IMPLEMENTATION OF CERTIFICATION AND TRAINING. ASCSP HAS DEVELOPED OR IS CURRENTLY DEVELOPING THE FOLLOWING: - LEVELS OF CREDENTIALS FOR INDIVIDUALS BASED ON EDUCATION AND ACTUAL COST SEGREGATION EXPERIENCE;- DEVELOPMENT OF APPROVED COST SEGREGATION PROTOCOLS AND REPORT FORMATS;- ON-GOING TRAINING, EDUCATION AND CERTIFICATION PROCEDURES FOR COST SEGREGATION CONSULTANTS;- CODE OF ETHICS FOR COST SEGREGATION CONSULTANTS;- MECHANISM FOR ENFORCEMENT (I.E. DE-CERTIFICATION) OF NON-COMPLIANT MEMBERS;- PUBLIC AWARENESS OF ASCSP STANDARDS TO HELP TAXPAYERS AND THEIR ADVISORS MAKE INFORMED DECISIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Rock From Jan-June 2021 Director | 1 | $0 | |
John Hanning From July-Dec 2021 Past President | 3 | $0 | |
Malik Javed Director | 1 | $0 | |
Ashley Sullivan Vice President | 2 | $0 | |
Travis Mlodzik Treasurer-President | 1 | $0 | |
Lester Cook Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $46,318 |
| Membership dues | $82,213 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $399 |
| Total Revenue | $128,931 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $34,620 |
| Professional fees and other payments to independent contractors | $3,365 |
| Occupancy, rent, utilities, and maintenance | $119 |
| Printing, publications, postage, and shipping | $2,614 |
| Other expenses | $108,629 |
| Total expenses | $149,347 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $152,627 |
| Other assets | $0 |
| Total assets | $153,594 |
| Total liabilities | $47,870 |
| Net assets or fund balances | $105,724 |
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