Adsc The International Association Of Foundation Drilling
- Assets
- $1.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Southlake, TX
- Founding
- 09/2000
- Data as of
- 12/2022
- EIN
- 74-1622293
Organization Overview
Adsc The International Association Of Foundation Drilling, operating under the name Assoc Of Drilled Shaft Contractors, is located in Southlake, TX. The organization was established in 2000. 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 12/2022, Assoc Of Drilled Shaft Contractors employed 12 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Assoc Of Drilled Shaft Contractors 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 12/2022, Assoc Of Drilled Shaft Contractors generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.1m 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
PROMOTE, FOSTER, AND ADVANCE THE DRILLED SHAFT, ANCHORED EARTH, AND MISCROPILE INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETING AND SEMINARS - FOUR BOARD MEETINGS PER YEAR ARE OPEN TO ALL MEMBERS AND GUESTS AND PROVIDE EDUCATION SESSIONS. NUMEROUS TECHNICAL SEMINARS ARE SPONSORED, SOME IN CONJUNCTON WITH UNIVERSITIES AND TRADE ASSOCIATIONS.
SAFETY TRAINING SERVICES - THE DIRECTOR OF SAFETY FROM THE ORGANIZATION TEACHES SAFETY CLASSES.
MAGAZINE - "FOUNDATION DRILLING" MAGAZINE IS PUBLISHED FOR GENERAL DISTRIBUTION TO THE DEEP FOUNDATION DRILLING INDUSTRY, PROVIDING TECHNICAL INFORMATION AND RESOURCES.MEMBERSHIP DIRECTORY - PUBLISHED TO ENABLE MEMBERS TO READILY COMMUNICATE WITH ONE ANOTHER AND TO ESTABLISH WHICH PRODUCTS AND SERVICES EACH MEMBER PROVIDES THE INDUSTRY.
MEMBER SERVICES - GET INDUSTRY UPDATES, IMPERATIVE SAFETY INFORMATION, EDUCATIONAL OPPORTUNITIES, AND NETWORKING WITH OTHERS IN THE FOUNDATION DRILLING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Harris President | OfficerTrustee | 5 | $0 |
Dave Hicks Vice President | OfficerTrustee | 4 | $0 |
Travis Parker Treasurer | OfficerTrustee | 4 | $0 |
Charles Braun Assoc Chair | OfficerTrustee | 4 | $0 |
Mauro Scanga Imm Past President | OfficerTrustee | 4 | $0 |
Alissa Maxwell Weiss Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hagerty Engineering Inc Technical Consultant | 12/30/20 | $134,660 |
Parkway Tower Llc Rents | 12/30/20 | $114,656 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,209,530 |
| Investment income | $10,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,313 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,384 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,338,961 |
| 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. | $79,984 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $482,847 |
| Pension plan accruals and contributions | $4,489 |
| Other employee benefits | $29,666 |
| Payroll taxes | $47,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,087 |
| Fees for services: Accounting | $181,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $300 |
| Fees for services: Other | $225,093 |
| Advertising and promotion | $1,704 |
| Office expenses | $13,090 |
| Information technology | $55,547 |
| Royalties | $0 |
| Occupancy | $58,080 |
| Travel | $60,032 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $541,519 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,005 |
| Insurance | $6,866 |
| All other expenses | $35,289 |
| Total functional expenses | $2,137,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,500 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $370,363 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $96,201 |
| Prepaid expenses and deferred charges | $144,849 |
| Net Land, buildings, and equipment | $21,284 |
| Investments—publicly traded securities | $812,470 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,883 |
| Total assets | $1,883,550 |
| Accounts payable and accrued expenses | $136,730 |
| Grants payable | $0 |
| Deferred revenue | $455,073 |
| 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 | $591,803 |
| Net assets without donor restrictions | $1,291,747 |
| 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 | $1,883,550 |