Nassco Inc
- Assets
- $2.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Frederick, MD
- Founding
- 00/0000
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Nassco Inc generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. 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
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Joy Executive Director | Trustee | 40 | $176,736 |
Max Gowdy Secretary/treasurer | Officer | 1 | $0 |
Tim Vivian Past President | Officer | 1 | $0 |
Jacob Trapani President | Officer | 1 | $0 |
Joe Schotthoefer Vice President | Officer | 1 | $0 |
Jeremy Wagner Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skarlatos Zonarich Llc Legal Services | 6/29/21 | $100,727 |
Bluetext Llc Marketing | 6/29/21 | $340,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $256,078 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,152 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,780 |
| Total Program Service Revenue | $1,829,301 |
| Investment income | $25,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,610 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,259 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,314,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,000 |
| Grants and other assistance to domestic individuals. | $14,865 |
| 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 | $441,226 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,589 |
| Payroll taxes | $31,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,705 |
| Fees for services: Accounting | $58,747 |
| Fees for services: Lobbying | $12,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,108 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,344 |
| Office expenses | $105,258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,066 |
| Travel | $8,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,152 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,221 |
| Insurance | $6,403 |
| All other expenses | $170,080 |
| Total functional expenses | $2,244,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700,617 |
| Savings and temporary cash investments | $1,492,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,885 |
| 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 | $119,805 |
| Net Land, buildings, and equipment | $246,013 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,678,240 |
| Accounts payable and accrued expenses | $24,876 |
| Grants payable | $0 |
| Deferred revenue | $137,904 |
| 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 | $219,026 |
| Total liabilities | $381,806 |
| Net assets without donor restrictions | $2,149,702 |
| Net assets with donor restrictions | $146,732 |
| 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 | $2,678,240 |
Grants Awarded
Over the last fiscal year, Nassco Inc has awarded $55,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Leesburg, VA PURPOSE: CASH ASSISTANCE | $50,000 |
VIRGINIA TECH FOUNDATION INC ENGINEERING PROGRAM PURPOSE: DAVID MAGILL SCHOLARSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rea Energy Cooperative Inc Indiana, PA | $139,260,164 | $26,641,958 |
Claverack Rural Electric Cooperative Inc Wysox, PA | $106,788,216 | $23,056,414 |
Northwestern Rural Electric Cooperative Association Inc Cambridge Springs, PA | $114,436,291 | $21,945,807 |
Valley Rural Electric Cooperative Inc Huntingdon, PA | $99,255,907 | $22,053,014 |
Craig-Botetourt Electric Co-Operative New Castle, VA | $37,707,997 | $13,868,268 |
Bedford Rural Electric Cooperative Inc Bedford, PA | $56,175,004 | $11,935,648 |
Warren Electric Cooperative Inc Youngsville, PA | $26,381,433 | $10,468,215 |
Sullivan County Rural Electric Cooperative Inc Forksville, PA | $24,524,984 | $10,662,179 |
New Enterprise Rural Electric Cooperative Inc New Enterprise, PA | $5,292,225 | $8,515,711 |
Virginia Maryland Delaware Association Of Electric Cooperativ Glen Allen, VA | $4,896,321 | $7,911,064 |
Roamingwood Sewer And Water Association Lake Ariel, PA | $89,401,367 | $6,374,079 |
Southeast Rural Community Assistance Project Inc Roanoke, VA | $8,928,556 | $6,797,376 |