Virginia Asphalt Association Inc
- Assets
- $2.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Richmond, VA
- Founding
- 03/1954
- Data as of
- 12/2021
- EIN
- 54-0546154
Organization Overview
Virginia Asphalt Association Inc is located in Richmond, VA. The organization was established in 1954. 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, Virginia Asphalt Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Asphalt 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 12/2021, Virginia Asphalt Association Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 7.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INCREASED USE AND QUALITY OF ASPHALT PAVEMENTS IN VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE USE OF ASPHALT BY LOBBYING FOR AND PROVIDING INFORMATIONAL SERVICES TO GOVERNMENT AND PRIVATE BODIES WHICH HAVE AN INTEREST IN PAVING.
OTHER PROGRAM SERVICES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trenton Clark President | Officer | 40 | $220,000 |
David Lee Vice Preside | Officer | 40 | $141,531 |
Michael C Dudley Director | 40 | $131,239 | |
David White Secretary | Officer | 1 | $0 |
David Horton Chairman | Officer | 1 | $0 |
Christopher Blevins Vice Chairma | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $128,940 |
| 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 | $128,940 |
| Total Program Service Revenue | $1,336,971 |
| Investment income | $10,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $142,716 |
| Net Income from Fundraising Events | $62,093 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,713,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,993 |
| 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. | $452,613 |
| Compensation of current officers, directors, key employees. | $93,153 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $325,404 |
| Pension plan accruals and contributions | $30,773 |
| Other employee benefits | $45,683 |
| Payroll taxes | $44,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,022 |
| Fees for services: Accounting | $20,950 |
| Fees for services: Lobbying | $11,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,063 |
| Fees for services: Other | $49,846 |
| Advertising and promotion | $1,231 |
| Office expenses | $41,381 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,472 |
| Travel | $42,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $406,158 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,021 |
| Insurance | $13,887 |
| All other expenses | $0 |
| Total functional expenses | $1,715,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,464 |
| Savings and temporary cash investments | $323,381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,933 |
| 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 | $165,401 |
| Investments—publicly traded securities | $1,487,191 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,158,370 |
| Accounts payable and accrued expenses | $3,696 |
| Grants payable | $0 |
| Deferred revenue | $87,000 |
| 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 | $90,696 |
| Net assets without donor restrictions | $2,067,674 |
| 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 | $2,158,370 |
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|---|---|---|
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Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
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Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |