Defense Industry Offset Association
- Assets
- $201.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, MA
- Founding
- 11/1988
- Data as of
- 12/2023
- EIN
- 04-2982768
Organization Overview
Defense Industry Offset Association is located in Canton, MA. The organization was established in 1988. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Defense Industry Offset 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, Defense Industry Offset Association generated $82.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $65.1k during the year ending 12/2023. 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
DIOA PROVIDES AN ANNUAL CONFERENCE FORUM FOR ITS MEMBERS TO MEET AND DISCUSS OFFSET AND INDUSTRIAL COOPERATION TOPICS. THE 2021 CONFERENCE WAS PLANNED TO OCCUR BUT WAS POSTPONED DUE TO PANDEMIC RISK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Smith President | 5 | $0 | |
Robbie Yarbrough Vice President | 5 | $0 | |
Michael Halloran Treasurer | 5 | $0 | |
Pj Hart Board Member | 5 | $0 | |
Vincent Panzera Board Member | 5 | $0 | |
Jesse Torres Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $81,690 |
| Membership dues | $0 |
| Investment income | $312 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,002 |
| 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 | $4,401 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $60,676 |
| Total expenses | $65,077 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $201,548 |
| Other assets | $0 |
| Total assets | $201,548 |
| Total liabilities | $0 |
| Net assets or fund balances | $201,548 |