Specialized Carriers & Rigging Association
- Assets
- $9.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Centreville, VA
- Founding
- 08/1960
- Data as of
- 12/2022
- EIN
- 53-0209887
Organization Overview
Specialized Carriers & Rigging Association is located in Centreville, VA. The organization was established in 1960. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Specialized Carriers & Rigging Association employed 12 individuals. This organization is the central organization for a national or regional group of organizations. Specialized Carriers & Rigging 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 12/2022, Specialized Carriers & Rigging Association 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 2.1% each year. All expenses for the organization totaled $4.5m during the year ending 12/2022. While expenses have increased by 2.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE UNIQUE INFORMATION AND ANY OTHER LAWFUL ACTIVITIES MEMBERS NEED TO SAFELY, LEGALLY, AND PROFITABLY TRANSPORT, LIFT AND ERECT OVERSIZE AND OVERWEIGHT ITEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SC&RA HOSTS FIVE MAJOR ANNUAL MEETINGS, INCLUDING THE JANUARY BOARD AND COMMITTEE MEETINGS, SPECIALIZED TRANSPORTATION SYMPOSIUM, ANNUAL CONFERENCE, CRANE & RIGGING WORKSHOP, AND FINANCIAL & RISK MANAGEMENT SEMINAR. THESE MEETINGS PROVIDE VALUABLE EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR MEMBERS.
MEMBER SERVICES - THE ASSOCIATION ACQUIRES, PRESERVES AND DISSEMINATES VALUABLE BUSINESS INFORMATION DEALING WITH SPECIALIZED TRANSPORTATION, MACHINERY MOVING AND ERECTING, INDUSTRIAL MAINTENANCE, MILLWRIGHTING, CRANE AND RIGGING OPERATIONS, MANUFACTURING AND RENTAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Barnhart Board Member | Trustee | 1 | $0 |
Andy Steinberg Board Member | Trustee | 1 | $0 |
Anthony Fastuca Board Member (outgoing) | Trustee | 1 | $0 |
Brett Berard Board Member | Trustee | 1 | $0 |
Bruce Forster Board Member | Trustee | 1 | $0 |
David Lowry Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $163,911 |
| 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 | $163,911 |
| Total Program Service Revenue | $3,982,294 |
| Investment income | $331,599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $282,720 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$181,675 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,624,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,891 |
| 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. | $563,148 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,150,420 |
| Pension plan accruals and contributions | $164,562 |
| Other employee benefits | $185,380 |
| Payroll taxes | $100,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $709 |
| Fees for services: Accounting | $147,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,000 |
| Fees for services: Other | $207,212 |
| Advertising and promotion | $0 |
| Office expenses | $175,747 |
| Information technology | $185,595 |
| Royalties | $0 |
| Occupancy | $189,554 |
| Travel | $57,610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,246,422 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,662 |
| Insurance | $31,068 |
| All other expenses | $5,143 |
| Total functional expenses | $4,531,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $762,653 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $355,791 |
| 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 | $222,310 |
| Net Land, buildings, and equipment | $247,700 |
| Investments—publicly traded securities | $5,568,658 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,714,444 |
| Other assets | $712,089 |
| Total assets | $9,583,645 |
| Accounts payable and accrued expenses | $262,085 |
| Grants payable | $0 |
| Deferred revenue | $1,403,123 |
| 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 | $2,799,610 |
| Total liabilities | $4,464,818 |
| Net assets without donor restrictions | $5,118,827 |
| 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 | $9,583,645 |