Deep Draft Lubricant Association
- Assets
- $77.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Garnet Valley, PA
- Founding
- 10/1996
- Data as of
- 12/2023
- EIN
- 59-3369829
Organization Overview
Deep Draft Lubricant Association is located in Garnet Valley, PA. The organization was established in 1996. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Deep Draft Lubricant 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 12/2023, Deep Draft Lubricant Association generated $94.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $81.2k during the year ending 12/2023. 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDES EDUCATION AND TRAINING TO COMPANIES INVOLVED IN THE MANUFACTURING AND DELIVERY OF MARINE LUBRICANTS TO VESSELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Avery President | 1 | $0 | |
Bill Jeremiah Past President | 1 | $0 | |
Alex Martin Secretary | 1 | $0 | |
Ian Konrad Treasurer | 1 | $0 | |
Yvonne Schappell Executive Director | 6 | $18,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $45,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $49,875 |
| Total Revenue | $94,875 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $18,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $62,694 |
| Total expenses | $81,194 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $77,146 |
| Other assets | $0 |
| Total assets | $77,146 |
| Total liabilities | $2,250 |
| Net assets or fund balances | $74,896 |