Western Dredging Association
- Assets
- $708.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 54-1112342
Organization Overview
Western Dredging Association is located in Falls Church, VA. The organization was established in 2010. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Western Dredging 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, Western Dredging Association generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 5.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO COMPILE, PRESENT AND PUBLISH SCIENTIFIC AND TECHNICAL PAPERS FOR THE ADVANCEMENT OF THE SCIENCE AND PROFESSION OF DREDGING, NAVIGATION AND MARINE ENGINEERING. TO PROMOTE THE EXCHANGE OF SCIENTIFIC AND TECHNICAL KNOWLEDGE IN FIELDS RELATED TO DREDGING, NAVIGATION, MARINE ENGINEERING AND CONSTRUCTION BY SPONSORING OR COSPONSORING NATIONAL AND INTERNATIONAL TECHNICAL CONFERENCES, SEMINARS, AND SYMPOSIUMS, INCLUDING PUBLICATION AND DISSEMINATION OF THE PROCEEDINGS. TO PROVIDE A FORUM FOR THE COMMUNICATION OF SCIENTIFIC AND TECHNICAL KNOWLEDGE, THROUGH TECHNOLOGY TRANSFER AND COOPERATION AMONG ASSOCIATIONS, SOCIETIES, AND ALL ORGANIZATIONS INTERESTED IN DREDGING, NAVIGATION, MARINE ENGINEERING AND CONSTRUCTION. TO PUBLICIZE THE IMPORTANCE OF UNDERSTANDING AND DEVELOPMENT OF SCIENTIFIC AND TECHNICAL SOLUTIONS FOR PROBLEMS RELATED TO THE PROTECTION AND ENHANCEMENT OF THE MARINE ENVIRONMENT. TO SUPPORT EDUCATIONAL INSTITUTIONS FOR STUDENTS INTERESTED IN PURSUING DREDGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEDA HELD ITS ANNUAL DREDGING SUMMIT & EXPO '23 IN HOUSTON, TX IN JULY 2023. WE HAVE DISSEMINATED THE CONFERENCE PROCEEDINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly Anghera Director | Trustee | 5 | $0 |
Todd Bridges Director | Trustee | 5 | $0 |
Chuck Broussard Director | Trustee | 5 | $0 |
Steve Cappellino Director | Trustee | 5 | $0 |
Jos Clement Director | Trustee | 5 | $0 |
Paul Fuglevand Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $150,300 |
| 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 | $150,300 |
| Total Program Service Revenue | $965,936 |
| Investment income | $0 |
| 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 | $1,116,236 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $143,148 |
| Fees for services: Legal | $1,453 |
| Fees for services: Accounting | $12,768 |
| 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 | $659 |
| Information technology | $13,579 |
| Royalties | $0 |
| Occupancy | $20,942 |
| Travel | $29,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $814,924 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,227 |
| All other expenses | $635 |
| Total functional expenses | $1,096,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,462 |
| Savings and temporary cash investments | $300,534 |
| 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 | $99,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $707,996 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $707,996 |
| Total liabilities and net assets/fund balances | $707,996 |