Southwestern Fastener Association
- Assets
- $85.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Spring, TX
- Founding
- 11/1975
- Data as of
- 12/2021
- EIN
- 75-1488377
Organization Overview
Southwestern Fastener Association is located in Spring, TX. The organization was established in 1975. 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. Southwestern Fastener 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, Southwestern Fastener Association generated $43.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $54.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Davis Chairman | 5 | $0 | |
Baron Yarborough President | 5 | $0 | |
Jason Looft Vice President | 5 | $0 | |
Todd Self Treasurer | 5 | $0 | |
Chris Bell Director | 1 | $0 | |
Jake Davis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,338 |
| Total Program Service Revenue | $0 |
| Membership dues | $22,400 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $43,738 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,000 |
| Professional fees and other payments to independent contractors | $4,800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $61 |
| Other expenses | $0 |
| Total expenses | $54,361 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $84,974 |
| Other assets | $0 |
| Total assets | $84,974 |
| Total liabilities | $0 |
| Net assets or fund balances | $84,974 |