American Water Works Association
- Assets
- $665.6k
- Revenue
- $139.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 05/1969
- Data as of
- 12/2020
- EIN
- 23-7026161
Organization Overview
American Water Works Association is located in Roseville, MN. The organization was established in 1969. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Water Works Association 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 12/2020, American Water Works Association generated $139.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $129.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INFORMATION, EDUCATION, AND NETWORKING OPPORTUNITIES TO THE MN DRINKING WATER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE: WHERE WATER INDUSTRY PROFESSIONALS (BOTH MEMBERS AND NON-MEMBERS OF MNAWWA) GATHER TO NETWORK, SPEAK TO VENDORS, AND ATTEND PROFESSIONAL TRAINING SESSIONS ON TOPICS RELEVANT TO THE ATTENDEES. INCLUDED IN THE CONFERENCE IS AN ANNUAL MEMBER MEETING TO DISCUSS THE SECTION PERFORMANCE OVER THE PAST YEAR, FUTURE GOALS, AND FINANCIAL HEALTH. VOLUNTEERS ARE ALSO RECOGNIZED FOR THEIR ACCOMPLISHMENTS AND CONTRIBUTIONS TO THE SECTION. EXPENSES INCLUDE FACILITY, EQUIPMENT, AUDIO/VIDEO RENTAL, FOOD, INFORMATION TECHNOLOGY APPLICATIONS, AND WEDNESDAY EVENING SOCIAL* & COMPETITIONS RECOGNITION. *THE WEDNESDAY EVENING SOCIAL IS FUNDED STRICTLY BY VENDOR REGISTRATIONS.
SCHOLARSHIPS: THE SECTION AWARDS A SELECT NUMBER OF SCHOLARSHIPS TO INDIVIDUALS SEEKING ADVANCED DEGREES AND COMMUNITY COLLEGE DEGREES IN THE WATER INDUSTRY. OFFERED ARE, THREE ADVANCED DEGREE SCHOLARSHIPS WORTH $3,500 EACH AND THREE COMMUNITY COLLEGE DEGREE SCHOLARSHIPS WORTH $2,000 EACH. ONE OF THE THREE COMMUNITY COLLEGE DEGREE SCHOLARSHIPS ARE PROVIDED WITH SUPPORT OF A GRANT FOR $1,000 FROM AWWA. THE SECTION ALSO AWARDS LESSER VALUE SCHOLARSHIPS TO MEMBERS WANTING TO ATTEND A MANAGEMENT INSTITUTE PROGRAM RUN BY HAMLINE UNIVERSITY. THOSE SCHOLARSHIPS WERE BUDGETED FOR $6,765, HOWEVER, ONLY ONE SCHOLARSHIP IN THE AMOUNT OF $1,845 WAS AWARDED IN 2021.
DISTRICT OPERATIONS SCHOOL: AS PER OUR STRATEGIC PLAN AND BYLAWS, THE SECTION WAS DIVIDED INTO SIX DIFFERENT DISTRICTS: CENTRAL, METRO, SE, SW, NE, AND NW. EACH DISTRICT HOLDS TRAINING PROGRAMS GEARED TOWARDS EDUCATING THE WATER PROFESSIONALS WITHIN THEIR DISTRICT. EXPENSES INCLUDE PROFESSIONAL SPEAKERS, FACILITY RENTALS, FOOD, AND TRANSPORTATION. THE METRO DISTRICT SCHOOL IS THE MOST ATTENDED.
MEMBERSHIP AND OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Volk Director | OfficerTrustee | 1 | $0 |
Miles Jensen Secretary/treasurer | OfficerTrustee | 1 | $0 |
Uma Vempati Chair-Elect | OfficerTrustee | 1 | $0 |
Chris Voeltz Chair | OfficerTrustee | 1 | $0 |
Bill Schluenz Past Chair | OfficerTrustee | 1 | $0 |
Wade Klingsporn Northeast Trustee (partial Year) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,079 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,281 |
| Total Program Service Revenue | $104,755 |
| Investment income | $12,293 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,424 |
| Net Income from Fundraising Events | -$500 |
| Net Income from Gaming Activities | $95 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,272 |
| Grants and other assistance to domestic individuals. | $10,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $25,199 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,869 |
| Fees for services: Other | $3,450 |
| Advertising and promotion | $0 |
| Office expenses | $31,699 |
| Information technology | $338 |
| Royalties | $0 |
| Occupancy | $1,895 |
| Travel | $4,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $769 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $129,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,804 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,083 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $621,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $665,567 |
| Accounts payable and accrued expenses | $33,075 |
| Grants payable | $0 |
| Deferred revenue | $2,711 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,786 |
| Net assets without donor restrictions | $629,781 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $665,567 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Water Works Association has recieved totaling $33,573.
| Awarding Organization | Amount |
|---|---|
American Water Works Association Denver, CO PURPOSE: OPERATING SUPPORT | $33,573 |
Endowment Analysis
| Beg. Balance | $315,959 |
| Earnings | $36,499 |
| Admin Expense | $4,918 |
| Ending Balance | $347,540 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Community Bankers Of America Sauk Centre, MN | $290,014,074 | $45,994,592 |
Credit Union Executives Society Madison, WI | $8,321,099 | $11,726,194 |
World Council Of Credit Unions Inc Madison, WI | $4,821,097 | $12,974,167 |
Minnesota Bankers Association Eden Prairie, MN | $8,043,309 | $3,421,584 |
Wisconsin Credit Union League Inc Madison, WI | $8,422,290 | $3,629,838 |
Minnesota Rural Water Association Elbow Lake, MN | $3,077,826 | $3,261,922 |
Minnesota Telephone Association Inc Stpaul, MN | $1,279,282 | $1,707,745 |
Wisconsin Rural Water Association Inc Plover, WI | $3,269,363 | $2,411,727 |
North Dakota Bankers Association Bismarck, ND | $3,870,374 | $1,718,847 |
South Dakota Bankers Association Pierre, SD | $4,336,502 | $1,608,814 |
Wisconsin State Telecommunications Association Inc Madison, WI | $2,668,906 | $969,742 |
Wisconsin National Guard Association Incorporated Madison, WI | $1,296,731 | $475,173 |