International Spa Association Inc
- Assets
- $1.8m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 52-1733203
Organization Overview
International Spa Association Inc is located in Lexington, KY. The organization was established in 1994. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Spa 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 12/2022, International Spa Association Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE LEADER IN PROMOTING AND ENHANCING THE WELL-BEING OF THE SPA INDUSTRY AND THE PEOPLE IT SERVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND RESOURCES - WE SEEK TO ENSURE THAT SPA PROFESSIONALS ARE EQUIPPED WITH THE EDUCATIONAL RESOURCES AND TOOLS THEY NEED TO IMPROVE BUSINESS PRACTICES AND REDUCE THE STRESSORS INVOLVED WITH MANAGING ORGANIZATIONS. IN ADDITION TO TEXTBOOKS ON VARYING TOPICS, COURSES ARE OFFERED TO INDUSTRY PROFESSIONALS AND INDIVIDUAL STUDENTS AS DISTANCE LEARNING THROUGH THE AMERICAN HOTEL AND LODGING EDUCATIONAL INSTITUTE. COURSES MAY BE PURCHASED THROUGH THE EDUCATIONAL INSTITUTE AND PASSING EXAMS WILL RECEIVE A CERTIFICATE OF COMPLETION. REVENUE IS PRIMARILY COMPOSED OF MEMBERSHIP DUES.
CONFERENCE - EACH YEAR, SPA PROFESSIONALS FROM AROUND THE GLOBE ATTEND THE ISPA CONFERENCE & EXPO TO BECOME MORE KNOWLEDGEABLE AND GAIN A COMPETITIVE EDGE IN THE MARKETPLACE. WITH THREE DAYS OF SPEAKER PRESENTATIONS COVERING A RANGE OF TOPICS INCLUDING BUSINESS STRATEGY, CUSTOMER SERVICE AND MANAGEMENT, ATTENDEES WILL FIND SOLUTIONS TO EVERYDAY BUSINESS DILEMMAS. ASIDE FROM PROFESSIONAL DEVELOPMENT THE EXPO FLOOR OFFERS THE LATEST SPA PRODUCTS AVAILABLE ON THE MARKET TO SET YOUR BUSINESS APART. AT THE SPA INDUSTRY'S "MUST-ATTEND" EVENT, CONFERENCE VETERANS AND NEW ATTENDEES ALIKE JOIN TO CONNECT WITH EACH OTHER, GAIN INSIGHT AND INSPIRATION AND CELEBRATE CONTINUED INDUSTRY GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Huey Chairman | OfficerTrustee | 1 | $0 |
Kelleye Martin Vice Chairman | OfficerTrustee | 1 | $0 |
Todd Shaw Secretary/treasurer | OfficerTrustee | 1 | $0 |
Brennan Evans Board Member | Trustee | 0.5 | $0 |
Dawn Maclellan Board Member | Trustee | 0.5 | $0 |
Eric Savage Board Member | Trustee | 0.5 | $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 | $3,068,803 |
| Investment income | $52,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $23,290 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,478 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,134,218 |
| 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. | $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 | $1,200,273 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,769 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,515 |
| Fees for services: Other | $0 |
| Advertising and promotion | $56,774 |
| Office expenses | $48,206 |
| 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 | $1,350,544 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,722 |
| Insurance | $7,020 |
| All other expenses | $40,777 |
| Total functional expenses | $2,898,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,847 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,894 |
| 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 | $285,088 |
| Net Land, buildings, and equipment | $60,278 |
| Investments—publicly traded securities | $937,330 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,782,437 |
| Accounts payable and accrued expenses | $186,199 |
| Grants payable | $0 |
| Deferred revenue | $860,970 |
| 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 | $1,047,169 |
| Net assets without donor restrictions | $735,268 |
| 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 | $1,782,437 |