Form 990 for tax year 2024
Filed by WATER SPORTS INDUSTRY ASSOCIATION INC.
Totals
- Total revenue
- $1,372,545
- Total expenses
- $1,755,121
- Contributions and grants received
- $120
- Grants paid
- $280,500
- Program service revenue
- $1,400,644
- Investment income
- $16,141
- Other revenue
- -$44,360
- Total assets, end of year
- $869,564
- Total liabilities, end of year
- $8,657
- Net assets or fund balances, end of year
- $860,907
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$120
-
2a · Program service revenue: BOAT COMMITTEE FEES
total $761,812 · related or exempt $761,812
-
2b · Program service revenue: MEMBERSHIP DUES
total $348,826 · related or exempt $348,826
-
2c · Program service revenue: PROGRAM EVENTS
total $285,725 · related or exempt $285,725
-
2d · Program service revenue: OTHER PROGRAM REVENUE
total $4,281 · related or exempt $4,281
-
3 · Investment income
total $16,141 · excluded $16,141
-
10a · Gross sales of inventory
$39,500
-
10b · Cost of goods sold
$83,860
-
10c · Net income from sales of inventory
total -$44,360 · related or exempt -$44,360
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $280,500
-
5 · Compensation of officers, directors and key employees
total $358,642
-
7 · Other salaries and wages
total $291,119
-
8 · Pension plan contributions
total $4,765
-
9 · Other employee benefits
total $13,187
-
10 · Payroll taxes
total $37,968
-
11b · Fees: legal
total $52,199
-
11c · Fees: accounting
total $13,358
-
11d · Fees: lobbying
total $137,875
-
11g · Fees: other
total $1,400
-
12 · Advertising and promotion
total $29,691
-
13 · Office expenses
total $14,792
-
14 · Information technology
total $49,661
-
16 · Occupancy
total $14,327
-
17 · Travel
total $102,487
-
19 · Conferences, conventions and meetings
total $311,437
-
22 · Depreciation, depletion and amortization
total $492
-
23 · Insurance
total $3,204
-
24a · Other expenses: OTHER PROGRAM EXPENSES
total $38,017
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $441,845 · end of year $512,922
-
2 · Savings and temporary cash investments
beginning of year $803,858 · end of year $355,903
-
10a · Land, buildings and equipment: cost or other basis
$4,319
-
10b · Land, buildings and equipment: accumulated depreciation
$3,580
-
10c · Land, buildings and equipment, net
beginning of year $1,231 · end of year $739
-
17 · Accounts payable and accrued expenses
beginning of year $3,451 · end of year $8,657
-
27 · Net assets without donor restrictions
beginning of year $1,243,483 · end of year $860,907
Mission and programs · 2024
Mission
A TRADE ASSOCIATION THAT PROMOTES AND PROTECTS TOWED WATER SPORTS ACTIVITIES.
-
INDUSTRY ADVOCATE THAT COMMUNICATES, PRODUCES, AND DISTRIBUTES SAFETY AND EDUCATIONAL MATERIALS FOR TOWED WATER SPORTS.
-
INDUSTRY ADVOCATE THAT COMMUNICATES, PRODUCES, AND DISTRIBUTES SAFETY AND EDUCATIONAL MATERIALS FOR TOWED WATER SPORTS.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Cj VlahovichCJ VLAHOVICH
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Dave EkernDAVE EKERN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Rachael GreenRACHAEL GREEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Robert OswellROBERT OSWELL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jay QuamJAY QUAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill McCaffrayBILL MCCAFFRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt BrownMATT BROWN
DIRECTOR AS OF MARCH 2024
- Total calculated
- $0
- Hours/week
- 1
-
Paul O'BrienPAUL O'BRIEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick PanakosPATRICK PANAKOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pete SurrettePETE SURRETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wayne WaltersWAYNE WALTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andy LarsonANDY LARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Trey ThurmanTREY THURMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Don WallaceDON WALLACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim EmmonsJIM EMMONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Corey LewisonCOREY LEWISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James VaughtJAMES VAUGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel GutierrezDANIEL GUTIERREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Buzz WatkinsBUZZ WATKINS
DIRECTOR UNTIL SEPTEMBER 2024
- Total calculated
- $0
- Hours/week
- 1
-
Natalie CarreraNATALIE CARRERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy MauzyAMY MAUZY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Glenn SandridgeGLENN SANDRIDGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg MeloonGREG MELOON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Troy MannTROY MANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott CrutchfieldSCOTT CRUTCHFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel LubyDANIEL LUBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan SetiBRYAN SETI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jay PovlinJAY POVLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James KrawczykJAMES KRAWCZYK
DIRECTOR OF OPERATIONS
- Total calculated
- $157,469
- From this org
- $144,704
- From related orgs
- $0
- Other
- $12,765
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,364
- Bonus
- $14,340
- Other
- $0
- Deferred
- $3,911
- Nontaxable benefits
- $8,854
- Filer's total
- $157,469
-
Lee GattsLEE GATTS
DIRECTOR OF GOVT AFFAIRS
- Total calculated
- $201,173
- From this org
- $192,010
- From related orgs
- $0
- Other
- $9,163
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,982
- Bonus
- $19,028
- Other
- $0
- Deferred
- $5,190
- Nontaxable benefits
- $3,973
- Filer's total
- $201,173
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$175,000
GENERAL SUPPORT
-
DEMOCRATIC GOVERNERS ASSOCIATION
$25,000
GENERAL SUPPORT
-
REPUBLICAN STATE LEADERSHIP COMMITTEE
$15,000
GENERAL SUPPORT
-
COMMITTEE TO ELECT A REPUBLICAN SENATE
$12,000
GENERAL SUPPORT
-
REPUBLICAN ASSEMBLY CAMPAIGN COMMITTEE
$12,000
GENERAL SUPPORT
-
ASSEMBLY DEMOCRATIC CAMPAIGN COMMITTEE
$6,000
GENERAL SUPPORT
-
STATE SENATE DEMOCRATIC COMMITTEE
$6,000
GENERAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202521749349300702
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