Association Of State Dam Safety Officials Inc
- Assets
- $3.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Lexington, KY
- Founding
- 08/1992
- Data as of
- 06/2022
- EIN
- 61-1209406
Organization Overview
Association Of State Dam Safety Officials Inc is located in Lexington, KY. The organization was established in 1992. According to its NTEE Classification (M03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 06/2022, Association Of State Dam Safety Officials Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of State Dam Safety Officials Inc 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 06/2022, Association Of State Dam Safety Officials Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 6.2% 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
PROVIDES EDUCATION, INFORMATION AND ASSISTANCE TO DAM SAFETY PROGRAMS.
Describe the Organization's Program Activity:
THE ASSOC WORKS TOWARD INCREASING DAM SAFETY IN THE US BY PROVIDING EDUCATIONAL TOOLS & FORUMS FOR DAM ENGINEERS & DAM OWNERS, BY COORDINATING A COMMUNICATION NETWORK WITHIN THE DAM COMMUNITY,OFFERING AN INFORMATION CLEARINGHOUSE ON DAM SAFETY ADVOCATING FOR STRONG STATE AND FEDERAL POLICIES ON DAM SAFETY AND ADMINISTERING PUBLIC AWARENESS PROGRAMS. AS PART OF THE ASSOCIATION'S GOAL TO PROMOTE AND SHARE BEST PRACTICES IN DAM SAFETY, IN ORDER TO REDUCE THE RISK ASSOCIATED WITH THEIR DAM(S), THE ASSOCIATION OFFERED A NUMBER OF PEER REVIEWS TO DAM OWNERS/OPERATORS. SERVICES INCLUDED PROVIDING A TEAM OF DAM SAFETY PROGRAM EXPERTS TO THE OWNER TO REVIEW, WRITE A REPORT AND MAKE RECOMMENDATIONS TO THE OWNERS ON HOW TO IMPROVE THEIR PROGRAMS BASED ON ASSOCIATION GUIDELINES AND INDUSTRY STANDARDS. NEW SERVICES UNDER THIS PROGRAM INCLUDED THE DEVELOPMENT OF PROCEDURES FOR PERFORMING FERC-MANDATED OWNERS' DAM SAFETY PROGRAM AUDITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori C Spragens Executive Director | Trustee | 40 | $160,655 |
Charles Thompson President | OfficerTrustee | 6 | $0 |
Bill Mccormick Past President | OfficerTrustee | 4 | $0 |
David Griffin President Elect | OfficerTrustee | 4 | $0 |
Sharon Tapia Secretary | OfficerTrustee | 4 | $0 |
Mia Knannik Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $340,884 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $448,738 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,633 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $850,255 |
| Total Program Service Revenue | $2,403,319 |
| Investment income | $24,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$44,033 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,233,595 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,655 |
| Compensation of current officers, directors, key employees. | $125,991 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $365,565 |
| Pension plan accruals and contributions | $47,324 |
| Other employee benefits | $40,064 |
| Payroll taxes | $37,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,915 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,806 |
| Travel | $146,556 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $826,067 |
| Interest | $17,092 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,841 |
| Insurance | $16,987 |
| All other expenses | $117,753 |
| Total functional expenses | $3,212,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,098 |
| Savings and temporary cash investments | $309,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $386,559 |
| 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 | $163,133 |
| Net Land, buildings, and equipment | $1,141,141 |
| Investments—publicly traded securities | $1,027,332 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,150 |
| Other assets | $3,558 |
| Total assets | $3,255,214 |
| Accounts payable and accrued expenses | $230,343 |
| 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 | $471,693 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $653,471 |
| Total liabilities | $1,355,507 |
| Net assets without donor restrictions | $1,899,707 |
| 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 | $3,255,214 |
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