Cal-Lab Association
- Assets
- $370.7k
- Revenue
- $288.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Elkin, NC
- Founding
- 04/2015
- Data as of
- 12/2020
- EIN
- 47-1297578
Organization Overview
Cal-Lab Association is located in Elkin, NC. The organization was established in 2015. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cal-Lab 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 12/2020, Cal-Lab Association generated $288.6k in total revenue. All expenses for the organization totaled $311.0k during the year ending 12/2020. While expenses have increased by 68.0% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COMMON INTERESTS OF DENTAL LABORATORIES AND PROVIDE EDUCATIONAL OPPORTUNITIES TO OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING PROVIDES EDUCATIONAL CLASSES THAT SATISFY THE NATIIONAL BOARDSS CLASSIFICATION REQUIREMENTS FOR CERTIFIED DENTAL TECHNICIANS AND REGISTERED GRADUATES AS CONTINUING EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Stronk Chair | OfficerTrustee | 1 | $0 |
James J Gorgol Cdt Vice Chair | OfficerTrustee | 1 | $0 |
Jerry Ragle Cdt Treasurer | OfficerTrustee | 1 | $0 |
Bj Kowalski Director | Trustee | 1 | $0 |
Jim Caruso Director | Trustee | 1 | $0 |
Reed Nunnally Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $76,825 |
| 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 | $76,825 |
| Total Program Service Revenue | $209,222 |
| Investment income | $2,525 |
| 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 | $288,572 |
| 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 | $42,115 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $3,067 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,885 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,558 |
| All other expenses | $0 |
| Total functional expenses | $310,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,806 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,961 |
| 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 | $1,977 |
| 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 | $370,744 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $69,820 |
| 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 | $69,820 |
| Net assets without donor restrictions | $300,924 |
| 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 | $370,744 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cal-Lab Association has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Stebbins Fund Inc New York, NY PURPOSE: GENERAL | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Rate Bureau Raleigh, NC | $4,029,837 | $15,641,391 |
Virginia Life Accident & Sickness Insurance Guaranty Association Henrico, VA | $10,714,403 | $9,945,534 |
National Association Of Professional Insurance Agents Alexandria, VA | $8,921,886 | $2,394,030 |
Insurance Accounting & Systems Association Inc Durham, NC | $1,485,537 | $2,339,018 |
Independent Insurance Agents Of Virginia Inc Richmond, VA | $2,800,771 | $1,432,441 |
Association Of Insurance Compliance Professionals Reston, VA | $1,396,557 | $539,000 |
Aiken Board Of Realtors Inc Aiken, SC | $1,045,819 | $657,691 |
National Association Of Insurance Women Atlanta, GA | $663,265 | $416,354 |
Cal-Lab Association Elkin, NC | $370,744 | $288,572 |
American Insurance Marketing And Sales Society Richmond, VA | $438,192 | $339,133 |
Nc Dona Ltc Inc WinstonSalem, NC | $113,173 | $104,448 |
Living At Sun City Carolina Lakes Fort Mill, SC | $109,629 | $141,903 |