American Securities Association
- Assets
- $535.0k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Dallas, TX
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-1568594
Organization Overview
American Securities Association is located in Dallas, TX. 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. As of 12/2023, American Securities Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Securities 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 12/2023, American Securities Association generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 21.0% per year over the past 7 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
REPRESENT THE RETAIL AND INSTITUTIONAL CAPITAL MARKETS INTERESTS OF ITS MIDDLE-MARKET FINANCIAL SERVICES FIRM MEMBERS TO PROMOTE FAIR, EFFICIENT, AND COMPETITIVELY BALANCED MARKETS
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul C Reilly Chair | Officer | 5 | $0 |
Chad Abraham Director | Trustee | 3 | $0 |
Dan H Arnold Director | Trustee | 3 | $0 |
Curt Bradbury Jr Director | Trustee | 3 | $0 |
Anthony M Miller Director | Trustee | 3 | $0 |
John R Ettelson Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fit Consulting Inc Consulting | 12/30/22 | $103,200 |
Consovoy Mccarthy Pllc Legal | 12/30/22 | $189,996 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,915,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,000 |
| 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 | $1,951,000 |
| Total Program Service Revenue | $0 |
| Investment income | $18,462 |
| 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 | $1,969,462 |
| 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. | $831,290 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $843,167 |
| Pension plan accruals and contributions | $79,979 |
| Other employee benefits | $50,871 |
| Payroll taxes | $71,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,974 |
| Fees for services: Accounting | $16,734 |
| Fees for services: Lobbying | $54,100 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,017 |
| Office expenses | $9,207 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,823 |
| Travel | $53,757 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,782 |
| Insurance | $13,065 |
| All other expenses | $54,976 |
| Total functional expenses | $2,222,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $517,296 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,785 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,151 |
| Other assets | $11,800 |
| Total assets | $535,032 |
| Accounts payable and accrued expenses | $7,385 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,385 |
| Net assets without donor restrictions | $527,647 |
| 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 | $535,032 |