Securities Transfer Association Inc
- Assets
- $1.3m
- Revenue
- $604.0k
- Investments
- $0.0
- Employees
- 2
- Location
- White Stone, VA
- Founding
- 07/1938
- Data as of
- 08/2023
- EIN
- 13-5275335
Organization Overview
Securities Transfer Association Inc is located in White Stone, VA. The organization was established in 1938. 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. As of 08/2023, Securities Transfer Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Securities Transfer 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 08/2023, Securities Transfer Association Inc generated $604.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $504.9k during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENTATION OF THE SECURITIES TRANSFER INDUSTRY BEFORE REGULATORY AND LEGISLATIVE BODIES, AN ADVISORY AND EDUCATIONAL ROLE FOR THE BENEFIT OF ALL MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP MEETINGS - THE STA HOLDS PERIODIC MEETINGS AND AN ANNUAL CONFERENCE. THE OBJECTIVE OF THESE MEETINGS IS TO EDUCATE MEMBERS ON NEW REGULATIONS AND LAWS AFFECTING THE SECURITIES TRANSFER INDUSTRY, SUCH AS UNCLAIMED PROPERTY LAWS, CONSUMER PRIVACY LAWS, IRS RULE 2018-17, AND OTHER TRANSFER AGENT REGULATIONS.
SEMINARS & WEBINARS - THE STA PROVIDES TRAINING TO ITS MEMBERS BY MEANS OF INSTRUCTIONAL WEBINARS AND IN PERSON SEMINARS ON TOPICS OF INTEREST SUCH AS NEW LAWS AND REGULATIONS, AND ENCOURAGES MEMBERS FOR SUGGESTIONS.
WEBSITE - THE STA MAINTAINS A WEBSITE WHICH ITS MEMBERS CAN LOG INTO. ONCE LOGGED IN, MEMBERS CAN VIEW INFORMATIONAL AND EDUCATIONAL MATERIAL REGARDING THE SECURITIES TRANSFER 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 |
|---|---|---|---|
Melissa Cabocel Executive Director | Officer | 0 | $245,750 |
Lara Donaldson Director | Trustee | 0 | $0 |
Kara Kennedy Director | Trustee | 0 | $0 |
William Miller Director | Trustee | 0 | $0 |
Peter Duggan Presiddnt | OfficerTrustee | 0 | $0 |
Margot Jordan Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $276,821 |
| 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 | $276,821 |
| Total Program Service Revenue | $123,550 |
| Investment income | $2,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $201,250 |
| 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 | $603,996 |
| 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. | $245,750 |
| Compensation of current officers, directors, key employees. | $122,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,097 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,048 |
| Information technology | $0 |
| 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 | $83,345 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $456 |
| Insurance | $9,503 |
| All other expenses | $0 |
| Total functional expenses | $504,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,261,412 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,250 |
| 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 | $41,052 |
| Net Land, buildings, and equipment | $286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,304,000 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $150,938 |
| 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 | $150,938 |
| Net assets without donor restrictions | $1,153,062 |
| 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 | $1,304,000 |