National Drilling Association
- Assets
- $478.6k
- Revenue
- $205.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Brunswick, OH
- Founding
- 11/1981
- Data as of
- 12/2021
- EIN
- 22-2352611
Organization Overview
National Drilling Association is located in Brunswick, OH. The organization was established in 1981. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Drilling 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, National Drilling Association generated $205.6k 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 (4.6%) each year. All expenses for the organization totaled $239.1k during the year ending 12/2021. 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 THE USE OF PROFESSIONAL DRILLING CONTRACTORS AND THEIR METHODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAFETY PROGRAM - PROVIDE SAFETY KITS, MANUALS, DECALS, AND OTHER INFORMATION REGARDING THE SAFETY OF THE DRILLING PROFESSION.
MAGAZINE PUBLICATION FOR THE BENEFIT OF ITS 250 MEMBERS TO HELP PROMOTE THE USE OF PROFESSIONAL DRILLING CONTRACTORS, TO PROVIDE VALUABLE INFORMATION AFFECTING THE DRILLING INDUSTRY AND TO EDUCATE ITS MEMBERS ON SAFETY ISSUES.
CONVENTION HELD FOR ITS MEMBERS TO DEMONSTRATE NEW IDEAS IN THE INDUSTRY, PROVIDE NEW SAFETY METHODS AND PROCEDURES, AND TO ALSO PROVIDE AN OPPORTUNITY FOR THE MEMBERS TO NETWORK, MEET AND NOMINATE THE NEXT BOARD OF DIRECTORS AND OFFICERS OF THE ASSOCIATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Connelly Vice President | OfficerTrustee | 5 | $0 |
Jim Howe Treasurer | OfficerTrustee | 5 | $0 |
Dan Dunn Past President | OfficerTrustee | 5 | $0 |
Mike Willey President | OfficerTrustee | 5 | $0 |
Jay Boland Director | Trustee | 5 | $0 |
Dennis Duty Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $78,568 |
| 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 | $78,568 |
| Total Program Service Revenue | $126,675 |
| Investment income | $326 |
| 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 | $205,569 |
| 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 | $81,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| 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 | $11,012 |
| 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 | $70,599 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,419 |
| All other expenses | $4,574 |
| Total functional expenses | $239,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,979 |
| Savings and temporary cash investments | $207,799 |
| 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 | $8,810 |
| Prepaid expenses and deferred charges | $0 |
| 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 | $478,588 |
| Accounts payable and accrued expenses | $18 |
| Grants payable | $0 |
| Deferred revenue | $81,586 |
| 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 | $81,604 |
| Net assets without donor restrictions | $396,984 |
| 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 | $478,588 |
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