Water Jet Technology Association
- Assets
- $1.4m
- Revenue
- $403.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Stlouis, MO
- Founding
- 04/1990
- Data as of
- 12/2021
- EIN
- 41-1595413
Organization Overview
Water Jet Technology Association is located in Stlouis, MO. The organization was established in 1990. 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. Water Jet Technology 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, Water Jet Technology Association generated $403.9k 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 (9.3%) each year. All expenses for the organization totaled $510.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) 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
THE PRIMARY GOALS OF WJTA ARE ENHANCING COMMUNICATION WITHIN THE INDUSTRY; FACILITATING COOPERATION BETWEEN GOVERNMENT, INDUSTRY, UNIVERSITY, AND RESEARCH INSTITUTIONS; FOSTERING FOREIGN AND DOMESTIC TRADE IN JET CUTTING AND CLEANING PRODUCTS AND INDUSTRIAL VACUUM EQUIPMENT AND SERVICES; AND STUDYING AND ADVANCING THE ARTS AND SCIENCES OF JET CUTTING OF INDUSTRIAL AND GEOLOGICAL MATERIALS, AS WELL AS INDUSTRIAL CLEANING AND VACUUMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PUBLISHES JOURNALS, DIRECTORIES & NEWSLETTERS TO EDUCATE ITS MEMBERS ABOUT EQUIPMENT USES, APPLICATIONS, SAFETY, JOB PERFORMANCE AND TECHNICAL PROBLEMS. THE ORGANIZATION SERVES APPROXIMATELY 900 MEMBERS.
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 |
|---|---|---|---|
Bill Mcclister Chairman | OfficerTrustee | 2 | $1,000 |
Jimmy Peck President | OfficerTrustee | 4 | $0 |
Drew Waltenbaugh Treasurer | OfficerTrustee | 3 | $0 |
Jim Ashmead Secretary | OfficerTrustee | 3 | $0 |
Kerry Siggins Vice President | OfficerTrustee | 2 | $0 |
Mark Birenbaum Association Manager | Officer | 40 | $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 | $377,735 |
| Investment income | $26,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $32 |
| 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 | $403,896 |
| 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. | $1,000 |
| 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 | $202,005 |
| Fees for services: Legal | $31,384 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,150 |
| Advertising and promotion | $17,424 |
| Office expenses | $11,806 |
| Information technology | $15,336 |
| 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 | $7,106 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,178 |
| All other expenses | $24,816 |
| Total functional expenses | $510,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,500 |
| Savings and temporary cash investments | $569,554 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,180 |
| 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 | $10,416 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $637,267 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,405,917 |
| Accounts payable and accrued expenses | $149,404 |
| Grants payable | $0 |
| Deferred revenue | $175,820 |
| 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 | $325,224 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,080,693 |
| 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 | $1,405,917 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
Dairy Promotion Inc Kansas City, KS | $585,537 | $75,669,129 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |