Civic Intelligence

Copper Development Association Inc

990 • Fiscal year 2022 • EIN 13-1974706

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 26, 2023

1660 International Drive Suite 600Mclean, VA 22102

(212) 251-7214

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.19x

Higher debt load relative to assets than 44% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.17x

Higher debt load relative to revenue than 31% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2022

Net Margin

37th percentile

1.3%

Higher net margin than 37% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

78th percentile

$429,211

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2022

Asset Growth

62nd percentile

5.6%

Faster asset growth than 62% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

46th percentile

5.6%

Faster revenue growth than 46% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$5,427,236

Up $285,670 (+5.6%) from 2021

Net Assets

Up

$4,416,909

Up $78,953 (+1.8%) from 2021

Liabilities

Up

$1,010,327

Up $206,717 (+26%) from 2021

Revenue

Up

$5,849,027

Up $308,288 (+5.6%) from 2021

Expenses

Up

$5,773,203

Up $329,058 (+6.0%) from 2021

Net Income

Down

$75,824

Down $20,770 (-22%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $6,524,283Liabilities 2010: $2,362,260Net Assets 2010: $4,162,0232010Assets 2011: $5,547,904Liabilities 2011: $1,466,098Net Assets 2011: $4,081,8062011Assets 2012: $4,954,916Liabilities 2012: $1,100,838Net Assets 2012: $3,854,0782012Assets 2013: $5,490,480Liabilities 2013: $2,129,273Net Assets 2013: $3,361,2072013Assets 2014: $4,503,013Liabilities 2014: $1,449,541Net Assets 2014: $3,053,4722014Assets 2015: $4,432,589Liabilities 2015: $1,058,056Net Assets 2015: $3,374,5332015Assets 2016: $4,361,112Liabilities 2016: $821,386Net Assets 2016: $3,539,7262016Assets 2017: $4,700,683Liabilities 2017: $1,456,075Net Assets 2017: $3,244,6082017Assets 2018: $4,745,018Liabilities 2018: $915,952Net Assets 2018: $3,829,0662018Assets 2019: $4,705,958Liabilities 2019: $844,975Net Assets 2019: $3,860,9832019Assets 2020: $5,193,903Liabilities 2020: $958,230Net Assets 2020: $4,235,6732020Assets 2021: $5,141,566Liabilities 2021: $803,610Net Assets 2021: $4,337,9562021Assets 2022: $5,427,236Liabilities 2022: $1,010,327Net Assets 2022: $4,416,9092022Assets 2023: $5,326,974Liabilities 2023: $931,882Net Assets 2023: $4,395,0922023Assets 2024: $5,202,455Liabilities 2024: $852,539Net Assets 2024: $4,349,9162024

Highlighted filing

2022

Assets$5,427,236
Liabilities$1,010,327
Net Assets$4,416,909

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2010: $11,776,522Expenses 2010: $11,366,744Net Income 2010: $409,7782010Revenue 2011: $11,737,323Expenses 2011: $11,813,085Net Income 2011: -$75,7622011Revenue 2012: $10,992,662Expenses 2012: $11,220,981Net Income 2012: -$228,3192012Revenue 2013: $10,618,902Expenses 2013: $11,118,822Net Income 2013: -$499,9202013Revenue 2014: $8,890,315Expenses 2014: $9,044,107Net Income 2014: -$153,7922014Revenue 2015: $8,448,768Expenses 2015: $8,125,731Net Income 2015: $323,0372015Revenue 2016: $8,049,956Expenses 2016: $7,886,671Net Income 2016: $163,2852016Revenue 2017: $8,790,969Expenses 2017: $8,342,578Net Income 2017: $448,3912017Revenue 2018: $8,215,802Expenses 2018: $7,656,667Net Income 2018: $559,1352018Revenue 2019: $6,790,561Expenses 2019: $6,762,236Net Income 2019: $28,3252019Revenue 2020: $5,340,133Expenses 2020: $4,964,002Net Income 2020: $376,1312020Revenue 2021: $5,540,739Expenses 2021: $5,444,145Net Income 2021: $96,5942021Revenue 2022: $5,849,027Expenses 2022: $5,773,203Net Income 2022: $75,8242022Revenue 2023: $6,724,956Expenses 2023: $6,745,107Net Income 2023: -$20,1512023Revenue 2024: $6,183,485Expenses 2024: $6,233,474Net Income 2024: -$49,9892024

Highlighted filing

2022

Revenue$5,849,027
Expenses$5,773,203
Net Income$75,824
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 26, 2023
Return Version
2022v5.0
Gross Receipts
$5,849,027
Mission and Program Overview

Mission

Copper development association inc. (cda) is a u.s.-based, not-for-profit association serving the copper industry throughout north america by influencing the use of copper and copper alloys through research, development and education, as well as technical and end-user support. Cda is committed to promoting the proper use of copper materials in sustainable, efficient applications for business, industry and the home.

Formed to expand the uses and applications of copper and its alloys and to broaden markets for such products.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,825,593$2,796,448▼ $29,145
Savings and Temporary Cash Investments$1,197,708$1,328,687▲ $130,979
Land, Buildings, and Equipment, Net$60,286$51,443▼ $8,843
Prepaid Expenses and Deferred Charges$48,701$40,584▼ $8,117
Investments in Publicly Traded Securities$22,551$25,680▲ $3,129
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,141,566$5,427,236▲ $285,670
Other Assets Total$986,727$1,184,394▲ $197,667
Liabilities
Accounts Payable and Accrued Expenses$527,007$777,441▲ $250,434
Other Liabilities$276,603$232,886▼ $43,717
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$803,610$1,010,327▲ $206,717
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,337,956$4,416,909▲ $78,953
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$4,337,956$4,416,909▲ $78,953
Total Liabilities and Net Assets / Fund Balance$5,141,566$5,427,236▲ $285,670

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$51,443$27,162$78,605
Other Land Buildings$0$3,539$3,539
Other Assets Org$1,397--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew G Kireta JrPresident & CEO (eff. 1/1/22)FT$250,000$179,211$429,211
Adam EstelleVP, Fabricated ProductsFT$165,333$130,381$295,714
John HipchenDir., Energy and Elec. SystemsFT$154,500$81,549$236,049
Crystal L RankinMngr, Marketing CommunicationsFT$109,000$66,885$175,885
Adam KotrbaDirector, Flat ProductsFT$108,520$66,146$174,666
Larry E PetersProj. Manager, Building Const.FT$109,826$64,669$174,495
Marcus ElmerDirector, Tube and FittingsFT$94,584$59,797$154,381
Thomas S Passekformer PRESIDENT & CEO-$116,134$116,134$116,134

Board Members and Trustees

NameTitle
Devin DennerChairman
George HowardVice Chairman
Anthony LeaDirector
Arturo GarretonDirector
Gregory ChristopherDirector
Hal LillerDirector
Jeanine KanelDirector
Patrick DalyDirector
Richard Stinsondirector
Stephen RowlandDirector
Vince BushellDirector
Clayton Walkerdirector (eff. 12/7/22)
Dale Taylordirector (eff. 12/7/22)
Tony KulikDIRECTOR (eff. 12/7/22)
Bernard Schilbergdirector (eff. 6/9/22)
Daniel JonesDIRECTOR (eff. 6/9/22)
David ElliottDIRECTOR (eff. 6/9/22)
Steffen Siglochdirector (eff. 6/9/22)
Gaby PoirierDIRECTOR (thru 12/7/22)
Markus Schuelerdirector (thru 12/7/22)
Stephen HigginsDIRECTOR (thru 6/9/22)
H Hedley Stothers JrSecretary
Michael O'ShaughnessyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Coulter Companies Dba Mci USAAssociation Mgmt.7918 JONES BRANCH DRIVE SUITE 300, Mclean, VA 22102$412,692
Kinghorn Hilbert Associates LLCregulat. & advocacy4117 CADLE CREEK ROAD, Edgewater, MD 21307$328,811
Kelley Drye Warren LLPlegal & regulatory3050 K Street NW Suite 400, Washington, DC 20007$158,577
Tap Marketing Communicationscommuications consu.201 West Ponce De Leon Avenue Unit, Decatur, GA 30030$141,029
Global Market Consultants Incmarket data analysis237 Lime Circle S, Dunedin, FL 34698$134,100
Revenue and Support

Revenue Composition

Contributions and Grants
$1,667,961
Program Service Revenue
$4,171,501
Investment Income
$6,565
Other Revenue
$3,000
Change in Net Assets
$75,824

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,849,027
Revenue Not Reported on Form 990
$3,129
Total Revenue per Audited Statements
$5,852,156
Total Revenue per Form 990
$5,849,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,680,124
Salaries, Compensation, and Employee Benefits$2,093,079
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$824,611
Current Officers, Directors, Trustees, and Key Employees---$724,925
Fees for Services Management---$424,356
Fees for Services Lobbying---$410,776
Advertising---$400,144
Conferences and Meetings---$263,433
Information Technology---$228,029
Other Employee Benefits---$222,377
Comp Disqual Persons---$116,134
Payroll Taxes---$108,857
Pension Plan Contributions---$96,175
Travel---$64,669
Fees for Services Accounting---$50,444
Office Expenses---$43,123
Fees for Services Legal---$39,152
Fees for Services Other---$25,499
Other Expenses---$14,980
Depreciation Depletion---$8,843
Insurance---$7,409
Occupancy---$7,201
Total Functional Expenses$0$0$0$5,773,203

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,773,203
Total Expenses per Audited Statements$5,773,203
Total Expenses per Form 990$5,773,203
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$410,776
Total Nondeductible Lobbying and Political Cost$398,601
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Non-current Liabilities$232,886
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

Before filing, form 990 is compiled by the organization's independent accountants and reviewed by management (staff accountant and vice president, finance). Form 990 is provided to the board after filing with irs. Time constraints prevent a distribution in advance, and the board does not primarily provide an internal control function for this procedure.

FORM 990, PART VI, SECTION B, LINE 12C:

All new employees must sign a form acknowledging receipt and understanding of the written conflict of interest policy. In addition, new patents by related parties are reviewed with legal counsel. Annually the organization circulates the policy in written form to its employees, officers and directors of the board requiring their signed acknowledgement.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

There is a compensation grade system that is evaluated against compensation studies every 2-3 years. Compensation must be approved by executive task group of board of directors. Approval of compensation is documented by the signed authorization of the members of the executive task group, which meets each year prior to the effective date of changes in the compensation plan.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Copper Development Association Inc
EIN
13-1974706
In Care Of
% JOHN SEKEL
Phone
2122517214
Address
1660 International Drive Suite 600, MCLEAN, VA 22102

Signing Officer

Name
Andrew G Kireta Jr
Title
President & CEO
Phone
2122517200
Signed
2023-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew G Kireta Jr
Formed
1962
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
19
Employees
12
Volunteers
23

Preparer

Firm
Bdo USA
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Under asc 740, income taxes, an organization must recognize the financial statement effects of a tax position taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination. Copper development association, inc. Does not believe it has taken any materially uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. For the year ended december 31, 2022, there were no interest or penalties recorded or included in the statements of activities and changes in net assets. The association is no longer subject to income tax examination by u.s. Federal, state, and local tax authorities for years before 2019, which is the standard statute of limitation look-back period.

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IRS990/Form990PartVIISectionAGrp/PersonNm4Adam Kotrba
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IRS990/Form990PartVIISectionAGrp/PersonNm7THOMAS S PASSEK
IRS990/Form990PartVIISectionAGrp/PersonNm8DEVIN DENNER
IRS990/Form990PartVIISectionAGrp/PersonNm9GEORGE HOWARD
IRS990/Form990PartVIISectionAGrp/PersonNm10Michael O'Shaughnessy
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IRS990/Form990PartVIISectionAGrp/PersonNm12GREGORY CHRISTOPHER
IRS990/Form990PartVIISectionAGrp/PersonNm13PATRICK DALY
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IRS990/Form990PartVIISectionAGrp/PersonNm17Daniel Jones
IRS990/Form990PartVIISectionAGrp/PersonNm18Jeanine Kanel
IRS990/Form990PartVIISectionAGrp/PersonNm19Tony Kulik
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IRS990/Form990PartVIISectionAGrp/PersonNm22Gaby Poirier
IRS990/Form990PartVIISectionAGrp/PersonNm23Stephen Rowland
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IRS990/Form990PartVIISectionAGrp/PersonNm25Markus Schueler
IRS990/Form990PartVIISectionAGrp/PersonNm26Steffen Sigloch
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IRS990/Form990PartVIISectionAGrp/PersonNm30H Hedley Stothers Jr
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO (EFF. 1/1/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP, FABRICATED PRODUCTS
IRS990/Form990PartVIISectionAGrp/TitleTxt2Dir., Energy and Elec. Systems
IRS990/Form990PartVIISectionAGrp/TitleTxt3Mngr, Marketing Communications
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director, Flat Products
IRS990/Form990PartVIISectionAGrp/TitleTxt5PROJ. MANAGER, BUILDING CONST.
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director, Tube and Fittings
IRS990/Form990PartVIISectionAGrp/TitleTxt7former PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR (eff. 6/9/22)
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR (thru 6/9/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR (eff. 6/9/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR (eff. 12/7/22)
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IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR (thru 12/7/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24director (eff. 6/9/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt25director (thru 12/7/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt26director (eff. 6/9/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt27director
IRS990/Form990PartVIISectionAGrp/TitleTxt28director (eff. 12/7/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt29director (eff. 12/7/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt30SECRETARY
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$0.85$4.35$6.18$6.23$0.05
2023Detailed filing. Detailed filing data is available for this year.$5.33$0.93$4.40$6.72$6.75$0.02
2022Detailed filing. Detailed filing data is available for this year.$5.43$1.01$4.42$5.85$5.77$0.08
2021Detailed filing. Detailed filing data is available for this year.$5.14$0.80$4.34$5.54$5.44$0.10
2020Detailed filing. Detailed filing data is available for this year.$5.19$0.96$4.24$5.34$4.96$0.38
2019Detailed filing. Detailed filing data is available for this year.$4.71$0.84$3.86$6.79$6.76$0.03
2018Detailed filing. Detailed filing data is available for this year.$4.75$0.92$3.83$8.22$7.66$0.56
2017Detailed filing. Detailed filing data is available for this year.$4.70$1.46$3.24$8.79$8.34$0.45
2016Summary only. Only limited summary data is available for this year.$4.36$0.82$3.54$8.05$7.89$0.16
2015Summary only. Only limited summary data is available for this year.$4.43$1.06$3.37$8.45$8.13$0.32
2014Summary only. Only limited summary data is available for this year.$4.50$1.45$3.05$8.89$9.04$0.15
2013Summary only. Only limited summary data is available for this year.$5.49$2.13$3.36$10.6$11.1$0.50
2012Summary only. Only limited summary data is available for this year.$4.95$1.10$3.85$11.0$11.2$0.23
2011Summary only. Only limited summary data is available for this year.$5.55$1.47$4.08$11.7$11.8$0.08
2010Summary only. Only limited summary data is available for this year.$6.52$2.36$4.16$11.8$11.4$0.41