Association Of Defense Communities
- Assets
- $376.4k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 58-1483433
Organization Overview
Association Of Defense Communities is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Defense Communities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Association Of Defense Communities generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 6.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A LEADING PUBLIC SERVICE ORGANIZATION UNITING THE DIVERSE INTERESTS OF COMMUNITIES, THE PRIVATE SECTOR AND THE MILITARY ON ISSUES OF MISSION ENHANCEMENT/REALIGNMENT, COMMUNITY-BASE PARTNERSHIPS, PRIVATIZATION AND CLOSURE/REDEVELOPMENT; TO PROMOTE COMMUNITY VITALITY AND WELL-BEING FOR ALL DEFENSE COMMUNITIES BY FACILITATING COMMUNITY-DRIVEN INITIATIVES FOR PROPERTY REUSE AND MILITARY-COMMUNITY PARTNERSHIP.
Describe the Organization's Program Activity:
ADC PROVIDES EDUCATIONAL EVENTS TO EDUCATE PARTICIPANTS WITH IMPORTANT REQUIREMENTS, NECESSARY TOOLS, DEMAND OF SERVICES, MANAGEMENT SKILLS, ETC. TO ENSURE MEMBERS COMPETITIVENESS AS DEFENSE CONTRACTORS.
ADC HOLDS EVENTS TO UPDATE ALL ITS MEMBERS IN CONNECTION WITH CURRENT ISSUES, NEW REQUIREMENTS AND CHANGES. ADC ALSO EDUCATES ITS MEMBERS WITH BEST BUSINESS PRACTICES, ETHICAL ISSUES, AND SPECIFIC POLICIES TO BE IMPLEMENTED.
ADC CIRCULATES NEWSLETTERS AND PUBLICATIONS TO ITS MEMBERS TO ENSURE ALL UPDATES ARE AVAILABLE FOR UPKEEPING STANDARDS TO ITS MEMBERS ON A REGULAR BASIS. ALSO, THE NEWSLETTERS KEEP ALL MEMBERS UP TO DATE WITH BUDGET CHANGES, DEFENSE POLICY UPDATES, AND UPCOMING TRENDS TO CONSIDER FOR BUSINESS OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Driskill Past President | Trustee | 1 | $0 |
Maurice Mcdonald Director | Trustee | 1 | $0 |
Susan Morris Treasurer (thru February) | OfficerTrustee | 4 | $0 |
Scott Norton Director | Trustee | 1 | $0 |
George Schlossberg ESQ Legal Counsel | Trustee | 1 | $0 |
Greg Doyon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $179,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $265,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $444,500 |
| Total Program Service Revenue | $1,024,100 |
| Investment income | $5 |
| 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 | $1,471,405 |
| 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 | $745,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $530 |
| Advertising and promotion | $3,911 |
| Office expenses | $63,522 |
| Information technology | $14,235 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $52,867 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $575,094 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,948 |
| All other expenses | $0 |
| Total functional expenses | $1,485,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,825 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $262,000 |
| Accounts receivable, net | $0 |
| 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 | $1,605 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $376,430 |
| Accounts payable and accrued expenses | $196,779 |
| 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 | $196,779 |
| Net assets without donor restrictions | $179,651 |
| 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 | $376,430 |