Nassco Inc
- Assets
- $3.9m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 6
- Location
- Frederick, MD
- Founding
- 00/0000
- Data as of
- 06/2022
- EIN
- 36-4508786
Organization Overview
Nassco Inc is located in Frederick, MD. The organization was established in 0000. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Nassco Inc employed 6 individuals. Nassco 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 06/2022, Nassco Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $3.9m during the year ending 06/2022. While expenses have increased by 9.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE SEWER SERVICE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE PUBLIC AWARENESS AND ACCEPTANCE OF SEWER SERVICE INDUSTRY ISSUES, DEVELOP CERTIFICATION PROGRAMS, FORMULATE INDUSTRY SPECIFICATIONS AND GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Belanger Director | Trustee | 1 | $0 |
Sheila Joy Executive Director | Trustee | 40 | $181,082 |
Michelle Beason Director | Trustee | 1 | $0 |
Laurie Perkins Director | Trustee | 1 | $0 |
Tad Powell Director | Trustee | 1 | $0 |
Brendan Doyle Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gilmore Global Invoice Printing | 6/29/22 | $624,868 |
Back Municipal Consulting Llc Instructors | 6/29/22 | $367,395 |
Brandon Conley Instructors | 6/29/22 | $271,835 |
Michael Kerr Consulting Consulting | 6/29/22 | $155,458 |
Water Research Centre Limited Royalties | 6/29/22 | $124,394 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $226,767 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,463 |
| Total Program Service Revenue | $4,358,765 |
| Investment income | $26,355 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,745 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,274 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,708,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,028 |
| Grants and other assistance to domestic individuals. | $16,761 |
| 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 | $362,913 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,672 |
| Payroll taxes | $27,932 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,621 |
| Fees for services: Accounting | $25,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,466 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,699 |
| Office expenses | $271,929 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,266 |
| Travel | $5,191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,512 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,209 |
| Insurance | $8,217 |
| All other expenses | $129,107 |
| Total functional expenses | $3,905,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,848,718 |
| Savings and temporary cash investments | $1,316,798 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,600 |
| 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 | $132,095 |
| Net Land, buildings, and equipment | $161,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $348,660 |
| Total assets | $3,862,676 |
| Accounts payable and accrued expenses | $182,258 |
| Grants payable | $0 |
| Deferred revenue | $352,551 |
| 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 | $456,211 |
| Total liabilities | $991,020 |
| Net assets without donor restrictions | $2,801,765 |
| Net assets with donor restrictions | $69,891 |
| 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 | $3,862,676 |
Grants Awarded
Over the last fiscal year, Nassco Inc has awarded $55,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA TECH FOUNDATION INC ENGINEERING PROGRAM PURPOSE: DAVID MAGILL SCHOLARSHIP | $5,000 |
SKILLS USA FOUNDATION INC PURPOSE: CASH ASSISTANCE | $50,000 |