American Welding Society Inc
- Assets
- $147.6m
- Revenue
- $41.7m
- Investments
- $0.0
- Employees
- 168
- Location
- Miami, FL
- Founding
- 12/1943
- Data as of
- 12/2021
- EIN
- 13-0434890
Organization Overview
American Welding Society Inc is located in Miami, FL. The organization was established in 1943. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, American Welding Society Inc employed 168 individuals. This organization is the central organization for a national or regional group of organizations. American Welding Society 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 12/2021, American Welding Society Inc generated $41.7m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $27.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATION AND RESEARCH ACTIVITIES RELATED TO WELDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES AND CERTIFICATION - PROVIDED SEMINARS, DOCUMENTS AND HOME-STUDY COURSES ON WELDING TOPICS AND CERTIFIED WELDING INSTRUCTORS UPON MEETING MINIMUM WORK REQUIREMENTS AND PASSING A COMPREHENSIVE EXAMINATION.
MEMBERSHIP AND PUBLICATIONS - APPROXIMATELY 65,300 MEMBERS RECEIVED "WELDING JOURNAL & WELDING HANDBOOK."
STANDARDS DEVELOPMENT - PROVIDED TECHNICAL DOCUMENTS FOR INDUSTRY CODES, STANDARDS, METHODS AND SAFETY, FREE CONSULTATION ON DOCUMENTS SOLD IS AVAILABLE ON A LIMITED BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary W Konarska Secretary/executive Dir/ceo | OfficerTrustee | 32 | $516,132 |
Ray W Shook Former Excecutive Director | 0 | $445,870 | |
Gesana Villegas CFO & Chief Admin Officer | Officer | 38 | $288,629 |
Catherine R Ospina Sr VP Marketing & Member Devel | 40 | $238,509 | |
John D Perry Managing Director, Info System | 40 | $212,091 | |
John Gayler Sr Vp, Welding & Technology | Officer | 40 | $207,624 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hartzell Construction Construction | 12/30/22 | $1,680,308 |
Lsc Communications Digital Printing | 12/30/22 | $553,500 |
Prometric Exam Provider | 12/30/22 | $492,540 |
Icreon Holdings Inc It Services | 12/30/22 | $433,150 |
Fedex Shipping Services | 12/30/22 | $460,505 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $37,535,835 |
| Investment income | $3,812,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $357,150 |
| 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 | $41,705,708 |
| 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. | $1,474,356 |
| Compensation of current officers, directors, key employees. | $158,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,058,610 |
| Pension plan accruals and contributions | $685,472 |
| Other employee benefits | $1,615,227 |
| Payroll taxes | $746,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $108,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,142 |
| Fees for services: Other | $1,823,292 |
| Advertising and promotion | $466,486 |
| Office expenses | $325,827 |
| Information technology | $1,187,728 |
| Royalties | $0 |
| Occupancy | $179,198 |
| Travel | $214,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,080,845 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,199,764 |
| Insurance | $260,767 |
| All other expenses | $2,788,873 |
| Total functional expenses | $27,861,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,135,457 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,119,448 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $479,544 |
| Prepaid expenses and deferred charges | $3,920,453 |
| Net Land, buildings, and equipment | $22,062,129 |
| Investments—publicly traded securities | $112,277,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,625,186 |
| Other assets | $0 |
| Total assets | $147,619,451 |
| Accounts payable and accrued expenses | $2,646,868 |
| Grants payable | $0 |
| Deferred revenue | $4,964,322 |
| 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 | $7,611,190 |
| Net assets without donor restrictions | $140,008,261 |
| 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 | $147,619,451 |