Electrical Apparatus Service Association Inc
- Assets
- $9.1m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 21
- Location
- Saint Louis, MO
- Founding
- 03/1949
- Data as of
- 08/2023
- EIN
- 43-0647984
Organization Overview
Electrical Apparatus Service Association Inc is located in Saint Louis, MO. The organization was established in 1949. 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. As of 08/2023, Electrical Apparatus Service Association Inc employed 21 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Electrical Apparatus Service 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, Electrical Apparatus Service Association Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $4.2m during the year ending 08/2023. While expenses have increased by 1.1% per year over the past 8 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
THE MISSION OF EASA IS TO HELP MEMBERS ENHANCE THEIR PERFORMANCE AND ACHIEVE GREATER LEVELS OF SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION HELD IN 2023 TO EXHIBIT PRODUCTS, DEVELOP RELATIONSHIPS, SHARPEN TECHNICAL , SALES AND MANAGEMENT SKILLS TO ENHANCE ELECTRO-MECHANICAL INDUSTRY, 2,111 REGISTRANTS.
SEMINARS AND WEBINARS CONDUCTED IN-PERSON AND VIRTUALLY REGARDING SALES, MANAGEMENT AND TECHNICAL SKILLS; MORE THAN 2,292 ATTENDEES.
MONTHLY NEWSLETTER: PROVIDED TO ALL MEMBERS ON THE WEB AND MAILED TO COMPANY REPRESENTATIVE: 1,922 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Parsons Director | Trustee | 1 | $0 |
Robert H Powell Jr Director | Trustee | 1 | $0 |
Sid Seymour Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Paul Rossiter Vice Chairman | OfficerTrustee | 1 | $0 |
William Thailman Jr Director | Trustee | 1 | $0 |
Christopher Culver Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Audio Visual Management Audio/visual | 8/30/18 | $119,575 |
Consultores Electromecanicos Spanish Translation | 8/30/18 | $103,727 |
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 | $3,788,675 |
| Investment income | $467,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $48,273 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $165,103 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $152,947 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,623,197 |
| 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. | $261,527 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,687,831 |
| Pension plan accruals and contributions | $152,259 |
| Other employee benefits | $200,267 |
| Payroll taxes | $140,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $91 |
| Fees for services: Accounting | $30,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,111 |
| Office expenses | $107,218 |
| Information technology | $147,062 |
| Royalties | $0 |
| Occupancy | $56,185 |
| Travel | $29,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $627,695 |
| Interest | $397 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,589 |
| Insurance | $40,310 |
| All other expenses | $180,306 |
| Total functional expenses | $4,180,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,516 |
| Savings and temporary cash investments | $89,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,754 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $100,828 |
| Prepaid expenses and deferred charges | $575,450 |
| Net Land, buildings, and equipment | $269,912 |
| Investments—publicly traded securities | $7,679,405 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,099,121 |
| Accounts payable and accrued expenses | $274,684 |
| Grants payable | $0 |
| Deferred revenue | $1,573,245 |
| 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 | $12,277 |
| Total liabilities | $1,860,206 |
| Net assets without donor restrictions | $7,238,915 |
| 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 | $9,099,121 |