Association Of Water Technologies
- Assets
- $1.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 81-0611307
Organization Overview
Association Of Water Technologies is located in Rockville, MD. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Water Technologies 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 12/2021, Association Of Water Technologies generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. 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
AWT SERVES ITS MEMBER FIRMS BY PROVIDING TRAINING, CERTIFICATION, NETWORKING AND REGULATORY INFO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION & EXPOSITION - THE GOAL OF THE ANNUAL CONVENTION & EXPOSITION IS: THE CONVENTION WILL BE A FINANCIALLY SUCCESSFUL FORUM WHERE (A) NETWORKING AMONG MEMBERS AND BETWEEN VENDORS OCCURS AND (B) THE BEST AND HIGHLY RELEVANT TECHNICAL PAPERS ARE PRESENTED. THE 2021 ANNUAL MEETING WAS HELD IN WHICH OVER 30 TECHNICAL AND BUSINESS SESSIONS WERE HELD. THE ANNUAL MEETING PROVIDES FIRST CLASS NETWORKING OPPORTUNITIES, DISCUSSIONS, SESSIONS ON THE LATEST TECHNOLOGIES AND OPPORTUNITIES TO MEET WITH SUPPLIERS AND OTHER EXPERTS IN THE INDUSTRY. OVER 700 INDIVIDUALS ATTEND THE ANNUAL CONVENTION. AT THE 2021 CONVENTION, ATTENDEES LEARNED ABOUT BIOCIDES, COOLING WATER, LEGIONELLNA AND WASTEWATER. AWT RECOGNIZES EXCELLENCE IN THE INDUSTRY THROUGH OUR RAY BAUM MEMORIAL AWARD AND THE SUPPLIER OF THE YEAR AWARD.
COMMUNICATIONS - THE GOALS OF THE ANALYST PUBLICATION AND AWT COMMUNICATIONS ARE: THE ANALYST IS THE MAGAZINE IN THE WATER TREATMENT INDUSTRY THAT EVERYONE READS. THE ANALYST AND OTHER AWT COMMUNICATIONS PROVIDE READERS A WEALTH OF TECHNICAL KNOWLEDGE AND FEATURES ARTICLES FROM THE INDUSTRY'S LEADING EXPERTS. THE ANALYST IS DISTRIBUTED FOUR TIMES PER YEAR. AWT ALSO COMMUNICATES WITH MEMBERS AT LEAST ON A MONTHLY BASIS THROUGH E-COMMUNICATIONS.
EDUCATION/TECHNICAL TRAINING SEMINARS - THE GOAL OF THE AWT TECHNICAL TRAINING SEMINARS IS: AWT WILL BE VIEWED AS THE PREMIER SOURCE FOR TRAINING AND EDUCATION IN THE INDUSTRY. AWT LEADS THE INDUSTRY AS THE BEST SOURCE FOR TECHNICAL TRAINING AND CERTIFICATION. ONE TECHNICAL TRAINING MEETING WAS HELD IN 2021. THE TOTAL NUMBER OF ATTENDEES WAS APPROXIMATELY 100 INDIVIDUALS. THERE WERE 14 SESSIONS AT THE SEMINAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Jensen President | OfficerTrustee | 4 | $0 |
Noah R Baskin Secretary | OfficerTrustee | 4 | $0 |
Stephen C Hallier President-Elect | OfficerTrustee | 4 | $0 |
Michael L Bourgeois Immediate Past President | OfficerTrustee | 4 | $0 |
John D Caloritis Treasurer | OfficerTrustee | 4 | $0 |
Tammy Faber Director | Trustee | 2 | $0 |
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 | $1,519,438 |
| Investment income | $25,658 |
| 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 | $94,379 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,676,661 |
| 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 | $0 |
| Fees for services: Legal | $1,620 |
| Fees for services: Accounting | $19,900 |
| 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 | $3,825 |
| Information technology | $4,200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $788,679 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,208 |
| Insurance | $7,384 |
| All other expenses | $298,014 |
| Total functional expenses | $1,774,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $532,672 |
| Savings and temporary cash investments | $424,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,998 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,008 |
| Prepaid expenses and deferred charges | $142,644 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $491,995 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,456 |
| Total assets | $1,749,773 |
| Accounts payable and accrued expenses | $33,486 |
| Grants payable | $0 |
| Deferred revenue | $411,533 |
| 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 | $445,019 |
| Net assets without donor restrictions | $1,304,754 |
| 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 | $1,749,773 |
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