American Supply Association
- Assets
- $5.0m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 30
- Location
- Itasca, IL
- Founding
- 08/1970
- Data as of
- 12/2022
- EIN
- 36-2688015
Organization Overview
American Supply Association is located in Itasca, IL. The organization was established in 1970. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, American Supply Association employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Supply 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 12/2022, American Supply Association generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDUSTRY ACTIVITIES PROMOTING AND FOSTERING THE INTERESTS OF MEMBERS ENGAGED IN THE DISTRIBUTION OF PLUMBING, HEATING, COOLING, PIPING VALVES AND RELATED PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Fasano Chairman Of The Board | OfficerTrustee | 5 | $0 |
William Condron President | OfficerTrustee | 5 | $0 |
Katie Poehling-Seymour President-Elect | OfficerTrustee | 1 | $0 |
Glen Fuller Treasurer | OfficerTrustee | 1 | $0 |
Michael Adelizzi Executive Vice-President | Officer | 40 | $340,057 |
Chris Capone Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,396 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,396 |
| Total Program Service Revenue | $3,844,811 |
| Investment income | $85,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $39,832 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,761 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,059,649 |
| 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. | $374,405 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,089,463 |
| Pension plan accruals and contributions | $36,660 |
| Other employee benefits | $88,319 |
| Payroll taxes | $97,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,800 |
| Fees for services: Accounting | $18,700 |
| 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 | $15,343 |
| Information technology | $103,892 |
| Royalties | $0 |
| Occupancy | $102,330 |
| Travel | $19,934 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,475,827 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,997 |
| Insurance | $24,030 |
| All other expenses | $8,021 |
| Total functional expenses | $4,137,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $543,515 |
| Pledges and grants receivable | $322,750 |
| Accounts receivable, net | $232,095 |
| 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 | $343,824 |
| Net Land, buildings, and equipment | $204,897 |
| Investments—publicly traded securities | $3,284,325 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,239 |
| Total assets | $5,010,645 |
| Accounts payable and accrued expenses | $470,980 |
| Grants payable | $0 |
| Deferred revenue | $1,280,883 |
| 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 | $1,751,863 |
| Net assets without donor restrictions | $2,936,032 |
| Net assets with donor restrictions | $322,750 |
| 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 | $5,010,645 |