Mid Atlantic Safety Council
- Assets
- $542.8k
- Revenue
- $758.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Wilmington, NC
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 56-2120031
Organization Overview
Mid Atlantic Safety Council is located in Wilmington, NC. The organization was established in 2004. According to its NTEE Classification (M40) the organization is classified as: Safety Education, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2021, Mid Atlantic Safety Council employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid Atlantic Safety Council is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Mid Atlantic Safety Council generated $758.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $779.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) 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
SAFETY TRAINING INFORMATION AND INSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SAFETY TRAINING SERVICES TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Lewis CEO | Officer | 40 | $93,000 |
Thad Adams President | Officer | 1 | $0 |
Skip Boe Vice President | Officer | 1 | $0 |
Robert Arnold Treasurer | Officer | 1 | $0 |
Kyle Earley Secretary | Officer | 1 | $0 |
Don Kaserman Trustee/director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,839 |
| 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 | $70,839 |
| Total Program Service Revenue | $687,310 |
| Investment income | $27 |
| 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 | $758,176 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $17,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,220 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,280 |
| Payroll taxes | $28,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,426 |
| 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 | $18,903 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,458 |
| Travel | $16,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,780 |
| Insurance | $0 |
| All other expenses | $3,831 |
| Total functional expenses | $779,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,935 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,202 |
| 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 | $6,000 |
| Net Land, buildings, and equipment | $8,707 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $50,000 |
| Other assets | $0 |
| Total assets | $542,844 |
| Accounts payable and accrued expenses | $34,653 |
| 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 | $34,653 |
| Net assets without donor restrictions | $508,191 |
| 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 | $542,844 |
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International Safety Equipment Association Arlington, VA | $3,445,033 | $2,156,842 |
Drive Smart Virginia Inc Richmond, VA | $858,048 | $938,768 |
Mid Atlantic Safety Council Wilmington, NC | $542,844 | $758,176 |
Electrical Safety Foundation International Inc Rosslyn, VA | $4,363,902 | $514,130 |
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