American Securities Association
- Assets
- $782.1k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Dallas, TX
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-1568594
Organization Overview
American Securities Association is located in Dallas, TX. The organization was established in 2015. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, American Securities Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Securities Association 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 12/2022, American Securities Association generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 17.8% 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
REPRESENT THE RETAIL AND INSTITUTIONAL CAPITAL MARKETS INTERESTS OF ITS MIDDLE-MARKET FINANCIAL SERVICES FIRM MEMBERS TO PROMOTE FAIR, EFFICIENT, AND COMPETITIVELY BALANCED MARKETS
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher A Iacovella CEO | OfficerTrustee | 40 | $751,290 |
Paul C Reilly Chair | Officer | 5 | $0 |
Dan H Arnold Director | Trustee | 3 | $0 |
Ronald J Kruszewski Director | Trustee | 3 | $0 |
Steve Booth Director | Trustee | 3 | $0 |
John R Ettelson Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fit Consulting Inc Consulting | 12/30/22 | $103,200 |
Consovoy Mccarthy Pllc Legal | 12/30/22 | $189,996 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,661,500 |
| 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 | $1,661,500 |
| Total Program Service Revenue | $0 |
| Investment income | $4,502 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,666,002 |
| 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. | $751,290 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $503,250 |
| Pension plan accruals and contributions | $60,938 |
| Other employee benefits | $33,076 |
| Payroll taxes | $51,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $201,391 |
| Fees for services: Accounting | $9,150 |
| Fees for services: Lobbying | $103,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,422 |
| Office expenses | $6,095 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,632 |
| Travel | $28,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,452 |
| Insurance | $10,004 |
| All other expenses | $18,236 |
| Total functional expenses | $1,850,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $747,536 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| 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 | $2,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,744 |
| Other assets | $11,800 |
| Total assets | $782,054 |
| Accounts payable and accrued expenses | $1,091 |
| 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 | $0 |
| Total liabilities | $1,091 |
| Net assets without donor restrictions | $780,963 |
| 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 | $782,054 |
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|---|---|---|
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Independent Insurance Agents Of Texas Austin, TX | $16,269,345 | $3,665,225 |
Society Of Certified Insurance Service Representatives Inc Austin, TX | $3,983,502 | $3,156,813 |
American Securities Association Dallas, TX | $782,054 | $1,666,002 |
Independent Insurance Agents And Brokers Of Louisiana Inc Baton Rouge, LA | $9,967,133 | $1,762,629 |
Oklahoma Association Of Insurance Agents Oklahoma City, OK | $1,481,989 | $1,599,588 |
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High Plains Retreat Center Canyon, TX | $2,132,312 | $562,156 |
Building Industry Association Of The Highland Lakes Marble Falls, TX | $238,469 | $208,667 |
Independent Insurance Agents Association Of Greater Oklahoma Ci Oklahoma City, OK | $1,196,146 | $504,340 |
Texas Association Of Benefit Administrators Plano, TX | $78,280 | $122,254 |