Specialized Carriers & Rigging Association
- Assets
- $8.4m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Centreville, VA
- Founding
- 08/1960
- Data as of
- 12/2021
- EIN
- 53-0209887
Organization Overview
Specialized Carriers & Rigging Association is located in Centreville, VA. The organization was established in 1960. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Specialized Carriers & Rigging Association employed 14 individuals. This organization is the central organization for a national or regional group of organizations. Specialized Carriers & Rigging 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 12/2021, Specialized Carriers & Rigging Association generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 1.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE UNIQUE INFORMATION AND ANY OTHER LAWFUL ACTIVITIES MEMBERS NEED TO SAFELY, LEGALLY, AND PROFITABLY TRANSPORT, LIFT AND ERECT OVERSIZE AND OVERWEIGHT ITEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SC&RA HOSTS FIVE MAJOR ANNUAL MEETINGS, INCLUDING THE JANUARY BOARD AND COMMITTEE MEETINGS, SPECIALIZED TRANSPORTATION SYMPOSIUM, ANNUAL CONFERENCE, CRANE & RIGGING WORKSHOP, AND FINANCIAL & RISK MANAGEMENT SEMINAR. THESE MEETINGS PROVIDE VALUABLE EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR MEMBERS.
MEMBER SERVICES - THE ASSOCIATION ACQUIRES, PRESERVES AND DISSEMINATES VALUABLE BUSINESS INFORMATION DEALING WITH SPECIALIZED TRANSPORTATION, MACHINERY MOVING AND ERECTING, INDUSTRIAL MAINTENANCE, MILLWRIGHTING, CRANE AND RIGGING OPERATIONS, MANUFACTURING AND RENTAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Dandrea Chief Executive Officer | Officer | 40 | $430,556 |
Beth O'quinn Senior Vice President | 40 | $193,995 | |
Christopher Smith Vice President | 40 | $151,389 | |
Lisa Grepps Director Of Marketing & Co | 40 | $133,489 | |
Kurt Hoffman Director Of Info. Services | 40 | $131,497 | |
Jay Folladori Chairman | OfficerTrustee | 1 | $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 | $3,775,825 |
| Investment income | $329,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $293,468 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $302,128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,814,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,013 |
| 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. | $591,470 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,041,998 |
| Pension plan accruals and contributions | $100,588 |
| Other employee benefits | $147,432 |
| Payroll taxes | $94,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,887 |
| Fees for services: Accounting | $22,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,037 |
| Fees for services: Other | $196,827 |
| Advertising and promotion | $25,354 |
| Office expenses | $363,971 |
| Information technology | $122,562 |
| Royalties | $0 |
| Occupancy | $214,576 |
| Travel | $41,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $955,496 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,857 |
| Insurance | $28,898 |
| All other expenses | $0 |
| Total functional expenses | $4,099,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,576 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,970 |
| 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 | $229,068 |
| Net Land, buildings, and equipment | $39,790 |
| Investments—publicly traded securities | $6,781,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $871,610 |
| Total assets | $8,434,138 |
| Accounts payable and accrued expenses | $245,618 |
| Grants payable | $0 |
| Deferred revenue | $1,429,536 |
| 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 | $807,457 |
| Total liabilities | $2,482,611 |
| Net assets without donor restrictions | $5,951,527 |
| 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 | $8,434,138 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Specialized Carriers & Rigging Association has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Taylor Foundation Mcdonough, GA PURPOSE: GENERAL OPERATING FUNDS | $3,500 |