Civic Intelligence

American Watercraft

990 • Fiscal year 2023 • EIN 20-0520314

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 02, 2024

PO Box 1993Ashburn, VA 20146

(703) 777-4955

Siviq Scores

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

Liabilities / Assets

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.03x

Higher debt load relative to revenue than 68% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Net Margin

61st percentile

9.2%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Asset Growth

76th percentile

16%

Faster asset growth than 76% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

0.0%

Faster revenue growth than 43% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$156,713

Up $21,474 (+16%) from 2022

Net Assets

Up

$149,998

Up $20,734 (+16%) from 2022

Liabilities

Up

$6,715

Up $740 (+12%) from 2022

Revenue

Up

$226,467

Up $34 (+0.0%) from 2022

Expenses

Up

$205,733

Up $4,091 (+2.0%) from 2022

Net Income

Down

$20,734

Down $4,057 (-16%) from 2022

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2011: $183,365Liabilities 2011: $20,507Net Assets 2011: $162,8582011Assets 2012: $118,645Liabilities 2012: $17,047Net Assets 2012: $101,5982012Assets 2013: $51,865Liabilities 2013: $2,385Net Assets 2013: $49,4802013Assets 2014: $24,184Liabilities 2014: $18,634Net Assets 2014: $5,5502014Assets 2015: $27,509Liabilities 2015: $31,061Net Assets 2015: -$3,5522015Assets 2016: $41,376Liabilities 2016: $36,945Net Assets 2016: $4,4312016Assets 2017: $34,155Liabilities 2017: $32,224Net Assets 2017: $1,9312017Assets 2018: $21,574Liabilities 2018: $7,981Net Assets 2018: $13,5932018Assets 2019: $36,983Liabilities 2019: $8,819Net Assets 2019: $28,1642019Assets 2020: $48,093Liabilities 2020: $12,751Net Assets 2020: $35,3422020Assets 2021: $112,271Liabilities 2021: $7,798Net Assets 2021: $104,4732021Assets 2022: $135,239Liabilities 2022: $5,975Net Assets 2022: $129,2642022Assets 2023: $156,713Liabilities 2023: $6,715Net Assets 2023: $149,9982023Assets 2024: $179,309Liabilities 2024: $5,063Net Assets 2024: $174,2462024

Highlighted filing

2023

Assets$156,713
Liabilities$6,715
Net Assets$149,998

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $297,182Expenses 2011: $329,780Net Income 2011: -$32,5982011Revenue 2012: $240,957Expenses 2012: $294,852Net Income 2012: -$53,8952012Revenue 2013: $229,335Expenses 2013: $281,453Net Income 2013: -$52,1182013Revenue 2014: $215,886Expenses 2014: $259,816Net Income 2014: -$43,9302014Revenue 2015: $216,856Expenses 2015: $225,958Net Income 2015: -$9,1022015Revenue 2016: $227,118Expenses 2016: $219,124Net Income 2016: $7,9942016Revenue 2017: $223,968Expenses 2017: $228,596Net Income 2017: -$4,6282017Revenue 2018: $219,626Expenses 2018: $207,964Net Income 2018: $11,6622018Revenue 2019: $219,533Expenses 2019: $204,202Net Income 2019: $15,3312019Revenue 2020: $201,792Expenses 2020: $194,614Net Income 2020: $7,1782020Revenue 2021: $259,519Expenses 2021: $191,545Net Income 2021: $67,9742021Revenue 2022: $226,433Expenses 2022: $201,642Net Income 2022: $24,7912022Revenue 2023: $226,467Expenses 2023: $205,733Net Income 2023: $20,7342023Revenue 2024: $232,654Expenses 2024: $208,406Net Income 2024: $24,2482024

Highlighted filing

2023

Revenue$226,467
Expenses$205,733
Net Income$20,734
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 2, 2024
Return Version
2023v5.0
Gross Receipts
$226,467
Mission and Program Overview

Mission

Promotion of education and safety as it relates to personal watercraft operation and sport through research and sponsored events for members and the public at large.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$109,574$131,100▲ $21,526
Accounts Receivable$25,000$25,000→ $0
Prepaid Expenses and Deferred Charges$665$613▼ $52
Total Assets$135,239$156,713▲ $21,474
Liabilities
Other Liabilities$3,944$3,940▼ $4
Accounts Payable and Accrued Expenses$1,234$2,000▲ $766
Deferred Revenue$797$775▼ $22
Total Liabilities$5,975$6,715▲ $740
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$129,264$149,998▲ $20,734
Total Net Assets Fund Balance$129,264$149,998▲ $20,734
Total Liabilities and Net Assets / Fund Balance$135,239$156,713▲ $21,474
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad FranklinChairman
Marc Andre DeschenesDirector
Croft LongTrustee/dire
Chris ManthosExec Directo
Revenue and Support

Revenue Composition

Contributions and Grants
$1,500
Program Service Revenue
$224,947
Investment Income
$20
Other Revenue
$0
All Other Contributions
$1,500
Change in Net Assets
$20,734
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$149,559
Other Expenses$56,174
Total Fundraising Expense$562
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$124,654$13,850-$138,504
Fees for Services Other$18,748--$18,748
Payroll Taxes$9,535$1,060-$10,595
Fees for Services Accounting-$9,000-$9,000
Office Expenses$7,600$1,042-$8,642
Occupancy$7,297$811-$8,108
Travel$1,272$611$562$2,445
Insurance$199$798-$997
Interest$466$466-$932
Other Employee Benefits$414$46-$460
Other Expenses$42--$42
Total Functional Expenses$177,487$27,684$562$205,733
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Liability$3,940
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The association has three levels of membership. Governance is managed by the corporate membership.

Form 990, Page 6, Part VI, Line 7A

As per the bylaws, the association leadership is composed of one member on the board of directors from each corporate member.

Form 990, Page 6, Part VI, Line 11B

A copy of the 990 is provided to each board member. No formal review is documented as part of a leadership meeting.

Form 990, Page 6, Part VI, Line 15A

Compensation for the executive director is reviewed annually by the board of directors.

Form 990, Page 6, Part VI, Line 19

Tax filings and books of record are available in accordance with the law.

Filing and Contact Details

Filer

Filer Name
American Watercraft
EIN
20-0520314
Phone
7037774955
Address
PO BOX 1993, ASHBURN, VA 20146

Signing Officer

Name
Chris Manthos
Title
Exec Director
Phone
7037774955
Signed
2024-08-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Franklin
Formed
2003
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
0
Employees
2

Preparer

Firm
Thomas D Fischetti CPA
Address
PO BOX 2774, RESTON, VA 20195
Preparer
Thomas D Fischetti
Phone
7036099961
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

The association continues its annual attendance at the yamaha corp. Dealer meeting in august, of which 109 are members of the association. Dealerships, particularly in florida and massachusetts are affected directly by boating safety issues. In massachusetts, the association, working with localities and in-state groups, including governing bodies, is working to correct hazardous situations by educating policy makers on the benefit of state mandated boating safety courses. This process is ongoing. In florida, the association worked with in-state boating groups and member dealers to bring attention to flaws in revised boating safety legislation which negatively impacted members and users. Insurance requirements for companies renting boats and personal watercraft have becone challenging to comply with impacting small business owners and members who service those small business owners. Awa continues to be a member of the manatee forum in florida. This group is comprised of boating user groups and environmental groups working together on policies best suited for the protecting the manatees and user access to public waters. Awa has long supported the efforts of the western states boating law administrators association. This collaboration provides opportunities to discuss boating safety policies, current and proposed regulations, and trends directly with the state agencies. The association contributes free training for first responders on how to effectively and safely operate personal watercraft in a law enforcement and rescue role. Over the years, awa has donated life vests to states agencies who loan life vests to boaters at state boat ramps. This past year the montana fish wildlife & parks received dozens of life vests for the safe boating program.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION CONTINUES ITS ANNUAL ATTENDANCE AT THE YAMAHA CORP. DEALER MEETING IN AUGUST, OF WHICH 109 ARE MEMBERS OF THE ASSOCIATION. DEALERSHIPS, PARTICULARLY IN FLORIDA AND MASSACHUSETTS ARE AFFECTED DIRECTLY BY BOATING SAFETY ISSUES. IN MASSACHUSETTS, THE ASSOCIATION, WORKING WITH LOCALITIES AND IN-STATE GROUPS, INCLUDING GOVERNING BODIES, IS WORKING TO CORRECT HAZARDOUS SITUATIONS BY EDUCATING POLICY MAKERS ON THE BENEFIT OF STATE MANDATED BOATING SAFETY COURSES. THIS PROCESS IS ONGOING. IN FLORIDA, THE ASSOCIATION WORKED WITH IN-STATE BOATING GROUPS AND MEMBER DEALERS TO BRING ATTENTION TO FLAWS IN REVISED BOATING SAFETY LEGISLATION WHICH NEGATIVELY IMPACTED MEMBERS AND USERS. INSURANCE REQUIREMENTS FOR COMPANIES RENTING BOATS AND PERSONAL WATERCRAFT HAVE BECONE CHALLENGING TO COMPLY WITH IMPACTING SMALL BUSINESS OWNERS AND MEMBERS WHO SERVICE THOSE SMALL BUSINESS OWNERS. AWA CONTINUES TO BE A MEMBER OF THE MANATEE FORUM IN FLORIDA. THIS GROUP IS COMPRISED OF BOATING USER GROUPS AND ENVIRONMENTAL GROUPS WORKING TOGETHER ON POLICIES BEST SUITED FOR THE PROTECTING THE MANATEES AND USER ACCESS TO PUBLIC WATERS. AWA HAS LONG SUPPORTED THE EFFORTS OF THE WESTERN STATES BOATING LAW ADMINISTRATORS ASSOCIATION. THIS COLLABORATION PROVIDES OPPORTUNITIES TO DISCUSS BOATING SAFETY POLICIES, CURRENT AND PROPOSED REGULATIONS, AND TRENDS DIRECTLY WITH THE STATE AGENCIES. THE ASSOCIATION CONTRIBUTES FREE TRAINING FOR FIRST RESPONDERS ON HOW TO EFFECTIVELY AND SAFELY OPERATE PERSONAL WATERCRAFT IN A LAW ENFORCEMENT AND RESCUE ROLE. OVER THE YEARS, AWA HAS DONATED LIFE VESTS TO STATES AGENCIES WHO LOAN LIFE VESTS TO BOATERS AT STATE BOAT RAMPS. THIS PAST YEAR THE MONTANA FISH WILDLIFE & PARKS RECEIVED DOZENS OF LIFE VESTS FOR THE SAFE BOATING PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION HAS THREE LEVELS OF MEMBERSHIP. GOVERNANCE IS MANAGED BY THE CORPORATE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS PER THE BYLAWS, THE ASSOCIATION LEADERSHIP IS COMPOSED OF ONE MEMBER ON THE BOARD OF DIRECTORS FROM EACH CORPORATE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE 990 IS PROVIDED TO EACH BOARD MEMBER. NO FORMAL REVIEW IS DOCUMENTED AS PART OF A LEADERSHIP MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TAX FILINGS AND BOOKS OF RECORD ARE AVAILABLE IN ACCORDANCE WITH THE LAW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0135239
IRS990/TotalAssetsEOYAmt0156713
IRS990/TotalAssetsGrp/BOYAmt0135239
IRS990/TotalAssetsGrp/EOYAmt0156713
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01500
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0562
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027684
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0177487
IRS990/TotalFunctionalExpensesGrp/TotalAmt0205733
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05975
IRS990/TotalLiabilitiesEOYAmt06715
IRS990/TotalLiabilitiesGrp/BOYAmt05975
IRS990/TotalLiabilitiesGrp/EOYAmt06715
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0129264
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0149998
IRS990/TotalProgramServiceExpensesAmt0177487
IRS990/TotalProgramServiceRevenueAmt0224947
IRS990/TotalRevenueGrp/ExclusionAmt020
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0224947
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0226467
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0135239
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0156713
IRS990/TravelGrp/FundraisingAmt0562
IRS990/TravelGrp/ManagementAndGeneralAmt0611
IRS990/TravelGrp/ProgramServicesAmt01272
IRS990/TravelGrp/TotalAmt02445
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0YAMAHA MOTOR CORP
IRS990/USAddress/AddressLine2Txt06555 KATELLA AVE
IRS990/USAddress/CityNm0CYPRESS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090630
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.AWAHQ.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS MANTHOS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07037774955
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMERICAN WATERCRAFT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0200520314
ReturnHeader/Filer/PhoneNum07037774955
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1993
ReturnHeader/Filer/USAddress/CityNm0ASHBURN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd020146
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521599085
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THOMAS D FISCHETTI CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2774
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RESTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020195
ReturnHeader/PreparerPersonGrp/PhoneNum07036099961
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS D FISCHETTI
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-08-02T13:46:45-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.79$0.05$1.74$2.33$2.08$0.24
2023Detailed filing. Detailed filing data is available for this year.$1.57$0.07$1.50$2.26$2.06$0.21
2022Detailed filing. Detailed filing data is available for this year.$1.35$0.06$1.29$2.26$2.02$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.12$0.08$1.04$2.60$1.92$0.68
2020Detailed filing. Detailed filing data is available for this year.$0.48$0.13$0.35$2.02$1.95$0.07
2019Summary only. Only limited summary data is available for this year.$0.37$0.09$0.28$2.20$2.04$0.15
2018Summary only. Only limited summary data is available for this year.$0.22$0.08$0.14$2.20$2.08$0.12
2017Summary only. Only limited summary data is available for this year.$0.34$0.32$0.02$2.24$2.29$0.05
2016Summary only. Only limited summary data is available for this year.$0.41$0.37$0.04$2.27$2.19$0.08
2015Summary only. Only limited summary data is available for this year.$0.28$0.31$0.04$2.17$2.26$0.09
2014Summary only. Only limited summary data is available for this year.$0.24$0.19$0.06$2.16$2.60$0.44
2013Summary only. Only limited summary data is available for this year.$0.52$0.02$0.49$2.29$2.81$0.52
2012Summary only. Only limited summary data is available for this year.$1.19$0.17$1.02$2.41$2.95$0.54
2011Summary only. Only limited summary data is available for this year.$1.83$0.21$1.63$2.97$3.30$0.33