American Pyrotechnics Association
- Assets
- $989.8k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Southport, NC
- Founding
- 01/1957
- Data as of
- 12/2021
- EIN
- 52-0692208
Organization Overview
American Pyrotechnics Association is located in Southport, NC. The organization was established in 1957. 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 12/2021, American Pyrotechnics Association employed 2 individuals. This organization is the central organization for a national or regional group of organizations. American Pyrotechnics 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, American Pyrotechnics Association generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $790.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) 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 ASSOCIATION IS ORGANIZED TO REPRESENT MANUFACTURERS, DISTRIBUTORS, RETAILERS, SUPPLIERS, AND IMPORTERS IN THE U.S. FIREWORKS INDUSTRY; TO ENCOURAGE SAFETY IN DESIGN AND USE OF
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC INFORMATION AND EDUCATION PROGRAMS ON FIREWORKS SAFETY. THE SEMINARS & TRAINING PROGRAMS HAD APPROXIMATELY 100 ATTENDEES.
LIASON WORK WITH FEDERAL REGULATORY AGENGIES AND NATIONAL FIRE PROTECTION ASSOCIATION.
SPONSORSHIP OF ONE ANNUAL MEETING/CONVENTION. THE ANNUAL CONVENTION HAD APPROXIMATELY 225 ATTENDEES. THE WINTER CONFERENCE HAD APPROXIMATELY 125 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie L Heckman Executive Director | Officer | 40 | $204,776 |
Stephen Pelkey Vice President | OfficerTrustee | 2 | $0 |
Brian Panther President | OfficerTrustee | 2 | $0 |
Phil Grucci Treasurer | OfficerTrustee | 2 | $0 |
Michael Cartolano Secretary | OfficerTrustee | 2 | $0 |
Tad Trout Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $61,000 |
| 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 | $61,000 |
| Total Program Service Revenue | $943,016 |
| Investment income | $958 |
| 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 | $1,004,974 |
| 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. | $232,157 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,476 |
| Pension plan accruals and contributions | $4,272 |
| Other employee benefits | $17,280 |
| Payroll taxes | $18,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $87,619 |
| Fees for services: Accounting | $15,599 |
| 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 | $19,771 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,812 |
| Travel | $12,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $197,536 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $995 |
| Insurance | $8,654 |
| All other expenses | $3,998 |
| Total functional expenses | $790,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $983,941 |
| 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 | $5,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $280 |
| Total assets | $989,782 |
| Accounts payable and accrued expenses | $0 |
| 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 | $48,748 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $48,748 |
| Net assets without donor restrictions | $941,034 |
| 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 | $989,782 |
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