Engineering Association Inc
- Assets
- $1.4m
- Revenue
- $559.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Knoxville, TN
- Founding
- 10/1941
- Data as of
- 12/2022
- EIN
- 62-0521642
Organization Overview
Engineering Association Inc is located in Knoxville, TN. The organization was established in 1941. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Engineering Association Inc employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Engineering Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Engineering Association Inc generated $559.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $669.5k during the year ending 12/2022. 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
ASSOCIATION OF TVA AND NON-TVA ENGINEERS INVOLVED IN LABOR NEGOTIATIONS, ARBITRATION OF GRIEVANCES, AND TRAINING FOR BENEFIT OF MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING PROGRAMS - TRAIN NEW EMPLOYEES, DEVELOP QUALIFIED EMPLOYEES FOR SPECIFIC JOBS, DEVELOPMENT OF COURSES.
LABOR RELATIONS - TO DEAL COLLECTIVELY WITH TVA MANAGEMENT ON MATTERS OF EMPLOYEE-MANAGEMENT RELATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gay Henson Valley-Wide President | OfficerTrustee | 20 | $265 |
David Littlejohn Section President | Trustee | 10 | $300 |
Mike Cavote Valley-Wide President | OfficerTrustee | 10 | $5,434 |
Alan Turpen Section President | Trustee | 10 | $196 |
Jayson Williams Valley-Wide Secretary | OfficerTrustee | 10 | $3,684 |
Terry Readus Section President | Trustee | 10 | $626 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $577,949 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $580,854 |
| Total Program Service Revenue | $0 |
| Investment income | $1,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,170 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $559,553 |
| 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. | $28,194 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,370 |
| Pension plan accruals and contributions | $21,527 |
| Other employee benefits | $19,733 |
| Payroll taxes | $19,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,704 |
| 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 | $40,301 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,874 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,973 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,379 |
| Insurance | $10,154 |
| All other expenses | $1,000 |
| Total functional expenses | $669,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $674,520 |
| Savings and temporary cash investments | $386,547 |
| 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 | $7,684 |
| Net Land, buildings, and equipment | $5,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $309,930 |
| Total assets | $1,384,366 |
| Accounts payable and accrued expenses | $36,658 |
| 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 | $310,612 |
| Total liabilities | $347,270 |
| Net assets without donor restrictions | $1,033,675 |
| Net assets with donor restrictions | $3,421 |
| 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 | $1,384,366 |