Fluid Sealing Association
- Assets
- $145.3k
- Revenue
- $214.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Wayne, PA
- Founding
- 08/1942
- Data as of
- 12/2021
- EIN
- 13-5240620
Organization Overview
Fluid Sealing Association is located in Wayne, PA. The organization was established in 1942. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fluid Sealing 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, Fluid Sealing Association generated $214.7k 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 (5.5%) each year. All expenses for the organization totaled $238.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 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 BE THE PRIMARY SOURCE OF FLUID SEALING TECHNICAL INFORMATION AND TO HELP DEVELOP STANDARDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS, PUBLICATIONS AND SERVICES FOR THE BENEFIT OF THE MEMBERS AND THE INDUSTRY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Coffee President/director | OfficerTrustee | 1 | $0 |
Thom Jessup Vice President/director | OfficerTrustee | 1 | $0 |
Jason Ferris Budget & Finance Director | OfficerTrustee | 1 | $0 |
Amy Hammarstrom Vice President/director | OfficerTrustee | 1 | $0 |
Peter Lance Executive Director | Officer | 16 | $0 |
Joe Boylan Director | Trustee | 1 | $0 |
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 | $214,289 |
| Investment income | $361 |
| 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 | $214,650 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $136,592 |
| Fees for services: Legal | $9,808 |
| Fees for services: Accounting | $1,470 |
| Fees for services: Lobbying | $22,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,155 |
| Office expenses | $6,279 |
| Information technology | $13,247 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,040 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,624 |
| All other expenses | $0 |
| Total functional expenses | $238,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,026 |
| Savings and temporary cash investments | $132,903 |
| 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 | $4,388 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $145,317 |
| Accounts payable and accrued expenses | $3,202 |
| Grants payable | $0 |
| Deferred revenue | $48,713 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,436 |
| 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 | $62,351 |
| Net assets without donor restrictions | $82,966 |
| 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 | $145,317 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Zoological Parks And Aquariums Inc Silver Spring, MD | $22,253,363 | $13,146,071 |
United States Trotting Association Westerville, OH | $13,007,257 | $9,527,709 |
New Jersy Thoroubred Horesmans Benevolent Association Inc Oceanport, NJ | $12,022,337 | $7,615,398 |
Aaalac International Inc Frederick, MD | $15,842,105 | $7,576,919 |
Wildlife Society Inc Bethesda, MD | $4,469,744 | $2,626,218 |
Maryland Horse Breeders Association Inc Reisterstown, MD | $2,965,855 | $2,240,057 |
Ohio Veterinary Medical Association Powell, OH | $4,603,639 | $1,138,809 |
American College Of Veterinary Radiology West Chester, PA | $3,565,569 | $1,391,033 |
American Birding Association Inc Delaware City, DE | $268,634 | $1,055,914 |
New York State Veterinary Medical Society Inc Albany, NY | $1,608,921 | $1,038,563 |
Pet Industry Distributors Association Southeastern, PA | $2,928,455 | $469,966 |
Saratoga Harness Horsepersons Association Inc Saratoga Springs, NY | $870,762 | $426,847 |