Aloa Security Professionals Association Inc
- Assets
- $2.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Dallas, TX
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-0935007
Organization Overview
Aloa Security Professionals Association Inc is located in Dallas, TX. The organization was established in 2014. 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. As of 12/2023, Aloa Security Professionals Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aloa Security Professionals Association 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 12/2023, Aloa Security Professionals Association Inc generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALOA OFFERS ITS MEMBERS INFORMATION ABOUT THE LOCKSMITHING INDUSTRY THROUGH PUBLICATION OF A MAGAZINE AND BY HOLDING A CONVENTION. ALOA ALSO PROVIDES CERTIFICATIONS AND EDUCATIONAL COURSES FOR MEMBERS TO FURTHER THEIR PROFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALOA OFFERS ITS MEMBERS INFORMATION ABOUT THE LOCKSMITHING INDUSTRY THROUGH PUBLICATION OF A MAGAZINE AND BY HOLDING A CONVENTION. ALOA ALSO PROVIDES CERTIFICATIONS AND EDUCATIONAL COURSES FOR MEMBERS TO FURTHER THEIR PROFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary May Executive Dir. | Officer | 38 | $113,249 |
Kathy Romo Comptroller | Officer | 38 | $82,360 |
Tom Ripp Director | Trustee | 2 | $0 |
Tom Foxwell Secretary | OfficerTrustee | 2 | $0 |
Christopher Meccia Director | Trustee | 2 | $0 |
Gene Gyure Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,281,586 |
| Investment income | $26,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,811 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,325,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,609 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,785 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $133,846 |
| Payroll taxes | $43,708 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,600 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,555 |
| Advertising and promotion | $0 |
| Office expenses | $155,361 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $898,184 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,960 |
| Insurance | $0 |
| All other expenses | $71,267 |
| Total functional expenses | $2,559,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $632,409 |
| Savings and temporary cash investments | $956,649 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,917 |
| Prepaid expenses and deferred charges | $149,749 |
| Net Land, buildings, and equipment | $18,407 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,094 |
| Total assets | $1,970,955 |
| Accounts payable and accrued expenses | $69,798 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $789,395 |
| Total liabilities | $859,193 |
| Net assets without donor restrictions | $1,091,109 |
| Net assets with donor restrictions | $20,653 |
| 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 | $1,970,955 |