Virginia Telecommunications Industry Assoc
- Assets
- $62.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Glen Allen, VA
- Founding
- 01/1945
- Data as of
- 06/2020
- EIN
- 54-1032207
Organization Overview
Virginia Telecommunications Industry Assoc, operating under the name Industry Association Inc, is located in Glen Allen, VA. The organization was established in 1945. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Industry 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 06/2020, Industry Association Inc generated $50.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $103.3k during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
CONFERENCES AND MEETINGS FOR MEMBERS AND INTERESTED INDIVIDUALS TO EDUCATE PERSONNEL ON MATTERS RELATING TO REGULATORY DIRECTIVES AND NEW IDEAS AND TOPICS IN TELECOMMUNICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Schollman Executive Di | 20 | $4,000 | |
Jeff Handley Secretary/tr | 0 | $0 | |
Fred Lawless Director | 0 | $0 | |
Rob Taylor Director | 0 | $0 | |
R Craig Smith Immediate Pa | 0 | $0 | |
Derek Kelly Driector | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,360 |
| Total Program Service Revenue | $129 |
| Membership dues | $0 |
| Investment income | $2,558 |
| Gain or Loss | -$2,191 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,856 |
| Statement of Expenses | |
|---|---|
| Total expenses | $103,327 |
| Balance Sheet | |
|---|---|
| Total assets | $62,673 |
| Total liabilities | $1,166 |
| Net assets or fund balances | $61,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ctia-The Wireless Association Washington, DC | $237,780,114 | $87,124,498 |
Association Of American Railroads Washington, DC | $28,256,585 | $56,732,394 |
Municipal Securities Rulemaking Board Washington, DC | $78,531,119 | $35,699,202 |
American Gas Association Washington, DC | $54,599,533 | $35,694,026 |
National Association Of Corporate Directors Arlington, VA | $39,765,653 | $29,674,430 |
Association Of The United States Army Inc Arlington, VA | $92,353,784 | $27,615,070 |
National Association Of Counties Washington, DC | $110,279,270 | $28,057,928 |
American Public Power Assoc Arlington, VA | $27,597,409 | $24,009,237 |
American Public Transit Association Washington, DC | $25,928,823 | $18,627,373 |
National Association Of Federal Credit Unions Inc Arlington, VA | $31,185,033 | $18,837,903 |
National Telecommunications Cooperative Association Arlington, VA | $35,978,919 | $14,734,223 |
Nreca International Ltd Arlington, VA | $16,103,141 | $13,958,230 |