Copper Development Association Inc
- Assets
- $5.4m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Mclean, VA
- Founding
- 09/1964
- Data as of
- 12/2022
- EIN
- 13-1974706
Organization Overview
Copper Development Association Inc is located in Mclean, VA. The organization was established in 1964. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2022, Copper Development Association Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Copper Development Association Inc 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 12/2022, Copper Development Association Inc generated $5.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FORMED TO EXPAND THE USES AND APPLICATIONS OF COPPER AND ITS ALLOYS AND TO BROADEN MARKETS FOR SUCH PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER PROJECTS - THE DEVELOPMENT, MANAGEMENT AND EXECUTION OF PROJECTS TO EXPAND, DEFEND AND SUPPORT THE USE AND APPLICATION OF COPPER AND COPPER ALLOY FABRICATED PRODUCTS IN VARIOUS MARKETS WITHIN THE US. THIS INCLUDES MARKET RESEARCH, PROMOTIONAL ACTIVITY, AND TECHNICAL SERVICE AND SUPPORT OF MARKETS THAT INCLUDE: BUILDING CONSTRUCTION ELECTRICAL AND NON-ELECTRICAL APPLICATIONS; OEM APPLICATIONS INCLUDING HVACR, PLUMBING AND BUILDING HARDWARE, ETC; AND INDUSTRIAL APPLICATIONS. CURRENT PROJECTS INCLUDED SUPPORTING LEAD SERVICE LINE REPLACEMENTS IN VARIOUS MUNICIPALITIES.
INDUSTRY TECHNICAL RESEARCH AND DEVELOPMENT - TECHNICAL MANAGEMENT AND ADMINISTRATION OF PRE-COMPETITIVE SCIENTIFIC RESEARCH AND DEVELOPMENT PROJECTS TO ADDRESS NEAR TO MID-TERM OPPORTUNITIES FOR THE USE AND APPLICATION OF COPPER AND COPPER ALLOY PRODUCTS AND TECHNOLOGIES. CURRENT PROJECTS INCLUDE SCIENTIFIC RESEARCH ON: HEALTH ISSUES RELATED TO PLUMBING PIPING; USE OF COPPER IN GREEN & HEALTHY BUILDINGS AND GENERAL ENVIRONMENTAL ISSUES AND IMPACT; CORROSION CONTROL IN COPPER PIPING SYSTEMS; IMPROVING SAFETY, RELIABILITY, RESILIENCY AND EFFICIENCY OF ELECTRICAL ENERGY AND ALTERNATIVE ENERGY SYSTEMS.
INDUSTRY COMMUNICATIONS - PROMOTIONAL AND ADVOCACY ACTIVITY TO: HIGHLIGHT THE QUALITY, PERFORMANCE, AND EFFECTIVENESS OF COPPER AND COPPER ALLOY PRODUCTS; ESTABLISH THE IMPORTANCE AND NECESSITY OF COPPER-BASED PRODUCTS AND TECHNOLOGY IN EVERYDAY LIFE. COMMUNICATIONS ACTIVITY IS IN SUPPORT OF OVERALL MARKET DEVELOPMENT AND EDUCATING DECISION MAKERS ON THE COPPER INDUSTRY'S IMPACT ON THE ENVIRONMENT; ADVANCING INNOVATION, THE ECONOMY, SUSTAINABLE ENERGY AND IT'S CONTRIBUTIONS TO SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew G Kireta Jr President & CEO (eff. 1/1/22) | OfficerTrustee | 35 | $362,322 |
Adam Estelle Vp, Fabricated Products | Officer | 35 | $229,636 |
John Hipchen Dir., Energy And Elec. Systems | 35 | $189,799 | |
Crystal L Rankin Mngr, Marketing Communications | 35 | $129,661 | |
Adam Kotrba Director, Flat Products | 35 | $136,758 | |
Larry E Peters Proj. Manager, Building Const. | 35 | $127,172 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Coulter Companies Dba Mci Usa Association Mgmt. | 12/30/22 | $412,692 |
Kinghorn Hilbert Associates Llc Regulat. & Advocacy | 12/30/22 | $328,811 |
Kelley Drye Warren Llp Legal & Regulatory | 12/30/22 | $158,577 |
Tap Marketing Communications Commuications Consu. | 12/30/22 | $141,029 |
Global Market Consultants Inc Market Data Analysis | 12/30/22 | $134,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,667,961 |
| 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 | $1,667,961 |
| Total Program Service Revenue | $4,171,501 |
| Investment income | $6,565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $5,849,027 |
| 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. | $724,925 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $116,134 |
| Other salaries and wages | $824,611 |
| Pension plan accruals and contributions | $96,175 |
| Other employee benefits | $222,377 |
| Payroll taxes | $108,857 |
| Fees for services: Management | $424,356 |
| Fees for services: Legal | $39,152 |
| Fees for services: Accounting | $50,444 |
| Fees for services: Lobbying | $410,776 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,499 |
| Advertising and promotion | $400,144 |
| Office expenses | $43,123 |
| Information technology | $228,029 |
| Royalties | $0 |
| Occupancy | $7,201 |
| Travel | $64,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $263,433 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,843 |
| Insurance | $7,409 |
| All other expenses | $0 |
| Total functional expenses | $5,773,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,796,448 |
| Savings and temporary cash investments | $1,328,687 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $40,584 |
| Net Land, buildings, and equipment | $51,443 |
| Investments—publicly traded securities | $25,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,184,394 |
| Total assets | $5,427,236 |
| Accounts payable and accrued expenses | $777,441 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $232,886 |
| Total liabilities | $1,010,327 |
| Net assets without donor restrictions | $4,416,909 |
| 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 | $5,427,236 |