American Watercraft Association Inc
- Assets
- $156.7k
- Revenue
- $226.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Ashburn, VA
- Founding
- 10/2005
- Data as of
- 12/2023
- EIN
- 20-0520314
Organization Overview
American Watercraft Association Inc is located in Ashburn, VA. The organization was established in 2005. According to its NTEE Classification (M40) the organization is classified as: Safety Education, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2023, American Watercraft Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Watercraft Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, American Watercraft Association Inc generated $226.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $205.7k during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
PROMOTION OF EDUCATION AND SAFETY AS IT RELATES TO PERSONAL WATERCRAFT OPERATION AND SPORT THROUGH RESEARCH AND SPONSORED EVENTS FOR MEMBERS AND THE PUBLIC AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION CONTINUES ITS ANNUAL ATTENDANCE AT THE YAMAHA CORP. DEALER MEETING IN AUGUST, OF WHICH 109 ARE MEMBERS OF THE ASSOCIATION. DEALERSHIPS, PARTICULARLY IN FLORIDA AND MASSACHUSETTS ARE AFFECTED DIRECTLY BY BOATING SAFETY ISSUES. IN MASSACHUSETTS, THE ASSOCIATION, WORKING WITH LOCALITIES AND IN-STATE GROUPS, INCLUDING GOVERNING BODIES, IS WORKING TO CORRECT HAZARDOUS SITUATIONS BY EDUCATING POLICY MAKERS ON THE BENEFIT OF STATE MANDATED BOATING SAFETY COURSES. THIS PROCESS IS ONGOING. IN FLORIDA, THE ASSOCIATION WORKED WITH IN-STATE BOATING GROUPS AND MEMBER DEALERS TO BRING ATTENTION TO FLAWS IN REVISED BOATING SAFETY LEGISLATION WHICH NEGATIVELY IMPACTED MEMBERS AND USERS. INSURANCE REQUIREMENTS FOR COMPANIES RENTING BOATS AND PERSONAL WATERCRAFT HAVE BECONE CHALLENGING TO COMPLY WITH IMPACTING SMALL BUSINESS OWNERS AND MEMBERS WHO SERVICE THOSE SMALL BUSINESS OWNERS. AWA CONTINUES TO BE A MEMBER OF THE MANATEE FORUM IN FLORIDA. THIS GROUP IS COMPRISED OF BOATING USER GROUPS AND ENVIRONMENTAL GROUPS WORKING TOGETHER ON POLICIES BEST SUITED FOR THE PROTECTING THE MANATEES AND USER ACCESS TO PUBLIC WATERS. AWA HAS LONG SUPPORTED THE EFFORTS OF THE WESTERN STATES BOATING LAW ADMINISTRATORS ASSOCIATION. THIS COLLABORATION PROVIDES OPPORTUNITIES TO DISCUSS BOATING SAFETY POLICIES, CURRENT AND PROPOSED REGULATIONS, AND TRENDS DIRECTLY WITH THE STATE AGENCIES. THE ASSOCIATION CONTRIBUTES FREE TRAINING FOR FIRST RESPONDERS ON HOW TO EFFECTIVELY AND SAFELY OPERATE PERSONAL WATERCRAFT IN A LAW ENFORCEMENT AND RESCUE ROLE. OVER THE YEARS, AWA HAS DONATED LIFE VESTS TO STATES AGENCIES WHO LOAN LIFE VESTS TO BOATERS AT STATE BOAT RAMPS. THIS PAST YEAR THE MONTANA FISH WILDLIFE & PARKS RECEIVED DOZENS OF LIFE VESTS FOR THE SAFE BOATING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Andre Deschenes Director | Trustee | $0 | |
Brad Franklin Chairman | OfficerTrustee | $0 | |
Croft Long Trustee/dire | Trustee | $0 | |
Chris Manthos Exec Directo | Trustee | $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 | $1,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $224,947 |
| Investment income | $20 |
| 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 | $226,467 |
| 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 | $138,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $460 |
| Payroll taxes | $10,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,748 |
| Advertising and promotion | $0 |
| Office expenses | $8,642 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,108 |
| Travel | $2,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $932 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $997 |
| All other expenses | $0 |
| Total functional expenses | $205,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,000 |
| 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 | $613 |
| 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 | $156,713 |
| Accounts payable and accrued expenses | $2,000 |
| Grants payable | $0 |
| Deferred revenue | $775 |
| 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 | $3,940 |
| Total liabilities | $6,715 |
| Net assets without donor restrictions | $149,998 |
| 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 | $156,713 |