Civic Intelligence

Gasket Fabricators Association

990 • Fiscal year 2015 • EIN 23-2122675

Jan 01, 2015 to Dec 31, 2015 • Filed on May 16, 2016

Organization ProfileWWW.GASKETFAB.COM
994 Old Eagle School Road No 1019Wayne, PA 19087-1802

(610) 971-4850

Siviq Scores

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

Liabilities / Assets

69th percentile

0.25x

Higher debt load relative to assets than 69% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

78th percentile

0.30x

Higher debt load relative to revenue than 78% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Net Margin

60th percentile

6.1%

Higher net margin than 60% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

5th percentile

-29%

Faster revenue growth than 5% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$525,937

Up $63,029 (+14%) from 2014

Net Assets

Up

$393,606

Up $26,781 (+7.3%) from 2014

Liabilities

Up

$132,331

Up $36,248 (+38%) from 2014

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin60th percentile

Revenue

Down

$440,331

Down $179,107 (-29%) from 2014

Expenses

Down

$413,550

Down $110,400 (-21%) from 2014

Net Income

Down

$26,781

Down $68,707 (-72%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$800K$600K$400K$200K$0Assets 2010: $258,472Liabilities 2010: $43,625Net Assets 2010: $214,8472010Assets 2011: $283,901Liabilities 2011: $81,646Net Assets 2011: $202,2552011Assets 2012: $303,850Liabilities 2012: $68,889Net Assets 2012: $234,9612012Assets 2013: $389,685Liabilities 2013: $118,348Net Assets 2013: $271,3372013Assets 2014: $462,908Liabilities 2014: $96,083Net Assets 2014: $366,8252014Assets 2015: $525,937Liabilities 2015: $132,331Net Assets 2015: $393,6062015Assets 2016: $574,580Liabilities 2016: $95,894Net Assets 2016: $478,6862016Assets 2017: $693,789Liabilities 2017: $171,758Net Assets 2017: $522,0312017Assets 2018: $647,416Liabilities 2018: $98,574Net Assets 2018: $548,8422018Assets 2019: $647,549Liabilities 2019: $85,710Net Assets 2019: $561,8392019Assets 2020: $665,334Liabilities 2020: $81,369Net Assets 2020: $583,9652020Assets 2021: $547,197Liabilities 2021: $70,355Net Assets 2021: $476,8422021Assets 2022: $502,541Liabilities 2022: $85,413Net Assets 2022: $417,1282022Assets 2023: $556,667Liabilities 2023: $134,494Net Assets 2023: $422,1732023Assets 2024: $581,144Liabilities 2024: $106,496Net Assets 2024: $474,6482024

Highlighted filing

2015

Assets$525,937
Liabilities$132,331
Net Assets$393,606
Open 2015 Filing

Operations Trend

Revenue Growth5th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $390,3132010Expenses 2011: $307,2612011Revenue 2012: $464,395Expenses 2012: $431,689Net Income 2012: $32,7062012Revenue 2013: $373,876Expenses 2013: $337,500Net Income 2013: $36,3762013Revenue 2014: $619,438Expenses 2014: $523,950Net Income 2014: $95,4882014Revenue 2015: $440,331Expenses 2015: $413,550Net Income 2015: $26,7812015Revenue 2016: $681,957Expenses 2016: $596,877Net Income 2016: $85,0802016Revenue 2017: $472,163Expenses 2017: $428,818Net Income 2017: $43,3452017Revenue 2018: $614,565Expenses 2018: $587,754Net Income 2018: $26,8112018Revenue 2019: $476,054Expenses 2019: $463,057Net Income 2019: $12,9972019Revenue 2020: $262,120Expenses 2020: $239,994Net Income 2020: $22,1262020Revenue 2021: $351,044Expenses 2021: $458,167Net Income 2021: -$107,1232021Revenue 2022: $485,818Expenses 2022: $545,532Net Income 2022: -$59,7142022Revenue 2023: $496,605Expenses 2023: $491,560Net Income 2023: $5,0452023Revenue 2024: $696,448Expenses 2024: $643,973Net Income 2024: $52,4752024

Highlighted filing

2015

Revenue$440,331
Expenses$413,550
Net Income$26,781
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 16, 2016
Return Version
2015v2.1
Gross Receipts
$440,331
Mission and Program Overview

Mission

The gasket fabricators association is a trade association of members dedicated to providing custom fabricated components and materials for use in industrial, electronic and medical applications worldwide.

Gasket fabricators assoc. Is a national trade association organized to promote the common business interests and improve the busines conditions of the industry in general and of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$449,051$506,733▲ $57,682
Prepaid Expenses and Deferred Charges$7,047$19,204▲ $12,157
Cash and Non-Interest-Bearing Accounts$6,810--
Total Assets$462,908$525,937▲ $63,029
Liabilities
Deferred Revenue$91,850$124,829▲ $32,979
Accounts Payable and Accrued Expenses$4,233$7,502▲ $3,269
Total Liabilities$96,083$132,331▲ $36,248
Net Assets / Fund Balance
Unrestricted Net Assets$366,825$393,606▲ $26,781
Total Net Assets Fund Balance$366,825$393,606▲ $26,781
Total Liabilities and Net Assets / Fund Balance$462,908$525,937▲ $63,029
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Ken StoberPresident
Ken EatonVice President
Brian CondonDirector
Carol BowmanDirector
Chuck KeeleyDirector
David SolidayDirector
Gord SirrsDirector
Judette SavinoDirector
Pam FardelosDirector
Terry Galanis JrDirector
Trey MoodyDirector
Peter LanceExecutive Director
Shelby RickettsSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Multiservice Management CompanyManagement And Clerical994 OLD EAGLE SCHOOL ROAD, Wayne, PA 19087$113,530
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$436,988
Investment Income
$1,543
Other Revenue
$1,800
Change in Net Assets
$26,781

Audited Revenue Reconciliation

Revenue per Audited Statements
$440,331
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$440,331
Total Revenue per Form 990
$440,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$413,550
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$157,698
Fees for Services Management---$59,550
Fees for Services Other---$53,980
All Other Expenses---$27,510
Office Expenses---$23,373
Occupancy---$13,000
Fees for Services Legal---$12,502
Other Expenses---$9,443
Information Technology---$7,921
Insurance---$1,658
Travel---$1,325
Fees for Services Accounting---$675
Total Functional Expenses$0$0$0$413,550

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$413,550
Total Expenses per Audited Statements$413,550
Total Expenses per Form 990$413,550
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Executive Director Is an Employee of the Multiservice Management Company.PETER LANCE, THE TOP MANAGEMENT OFFICIAL OF THE ASSOCIATION, IS AN EMPLOYEE OF THE MANAGEMENT COMPANY. THE ORGANIZATION PAID THE MANAGEMENT COMPANY $113,530 IN FEES FOR MANAGEMENT AND CLERICAL COSTS DURING THE YEAR. PETER LANCE RECEIVES A SALARY THROUGH MULTISERVICE MANAGEMENT COMPANY.No$113,530
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The association has entered into an agreement with a management company to perform day to day clerical and management functions.”

Form 990, Part VI, Section B, Line 11

“Form 990 is reviewed and approved by the board of directors at the spring meeting.”

Form 990, Part VI, Section B, Line 15

“The management agreement is reviewed and renewed yearly by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The association's governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Gasket Fabricators Association
EIN
23-2122675
Phone
6109714850
Address
994 OLD EAGLE SCHOOL ROAD NO 1019, WAYNE, PA 19087-1802

Signing Officer

Name
Peter Lance
Title
Executive Director
Phone
6109714850
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Lance
Formed
1980
Legal Domicile
Pa
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Cliftonlarsonallen Llp
Address
610 W GERMANTOWN PIKE STE 400, PLYMOUTH MEETING, PA 19462
Preparer
Paul J Kelly Iii CPA
Phone
2156433900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“CLERICAL 53,980.”

FORM 990, PART XII, LINE 2C:

“The gfa's board reviews the tax return and audit. The gfa's board determines when and if audits are conducted, but they have not been involved in the selection of the independent accountant. This is selected by the executive director. The executive director and the treasurer assume responsibility for the audit.”

Financial Statement Notes

PART X, LINE 2:

“The association follows the income tax standard for uncertain tax positions. This standard had no impact on the association's financial statements. The association's informational tax returns are subject to review and examination by federal, state, and local authorities. The association is not aware of any activities that would jeopardize its tax-exempt status.”

Raw XML Appendix377 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04233
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07502
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0GASKET FABRICATORS ASSOC. IS A NATIONAL TRADE ASSOCIATION ORGANIZED TO PROMOTE THE COMMON BUSINESS INTERESTS AND IMPROVE THE BUSINES CONDITIONS OF THE INDUSTRY IN GENERAL AND OF ITS MEMBERS.
IRS990/AllOtherExpensesGrp/TotalAmt027510
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MULTISERVICE MANAGEMENT
IRS990/BooksInCareOfDetail/PhoneNum06109714850
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0994 OLD EAGLE SCHOOL ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0WAYNE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0190871802
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd01
IRS990/CashNonInterestBearingGrp/BOYAmt06810
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt0157698
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0113530
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0994 OLD EAGLE SCHOOL ROAD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0WAYNE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd019087
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0MULTISERVICE MANAGEMENT COMPANY
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT AND CLERICAL
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01543
IRS990/CYOtherExpensesAmt0413550
IRS990/CYOtherRevenueAmt01800
IRS990/CYProgramServiceRevenueAmt0436988
IRS990/CYRevenuesLessExpensesAmt026781
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0413550
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0440331
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt091850
IRS990/DeferredRevenueGrp/EOYAmt0124829
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0NON-PROFIT ORGANIZATION THAT PROVIDES INFORMATION ON THE INDUSTRY VIA MEETINGS & NEWSLETTER TO ITS MEMBER ORGANIZATIONS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt0675
IRS990/FeesForServicesLegalGrp/TotalAmt012502
IRS990/FeesForServicesManagementGrp/TotalAmt059550
IRS990/FeesForServicesOtherGrp/TotalAmt053980
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0PAM FARDELOS
IRS990/Form990PartVIISectionAGrp/PersonNm1SHELBY RICKETTS
IRS990/Form990PartVIISectionAGrp/PersonNm2KEN STOBER
IRS990/Form990PartVIISectionAGrp/PersonNm3TERRY GALANIS JR
IRS990/Form990PartVIISectionAGrp/PersonNm4BRIAN CONDON
IRS990/Form990PartVIISectionAGrp/PersonNm5KEN EATON
IRS990/Form990PartVIISectionAGrp/PersonNm6CHUCK KEELEY
IRS990/Form990PartVIISectionAGrp/PersonNm7JUDETTE SAVINO
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID SOLIDAY
IRS990/Form990PartVIISectionAGrp/PersonNm9GORD SIRRS
IRS990/Form990PartVIISectionAGrp/PersonNm10TREY MOODY
IRS990/Form990PartVIISectionAGrp/PersonNm11CAROL BOWMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12PETER LANCE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0440331
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt07921
IRS990/InsuranceGrp/TotalAmt01658
IRS990/InvestmentIncomeGrp/ExclusionAmt01543
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01543
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE GASKET FABRICATORS ASSOCIATION IS A TRADE ASSOCIATION OF MEMBERS DEDICATED TO PROVIDING CUSTOM FABRICATED COMPONENTS AND MATERIALS FOR USE IN INDUSTRIAL, ELECTRONIC AND MEDICAL APPLICATIONS WORLDWIDE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0366825
IRS990/NetAssetsOrFundBalancesEOYAmt0393606
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt013000
IRS990/OfficeExpensesGrp/TotalAmt023373
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SPRING SPEAKER
IRS990/OtherExpensesGrp/Desc1NEWSLETTER
IRS990/OtherExpensesGrp/Desc2EXPANDED SUPPLIER EXPO
IRS990/OtherExpensesGrp/Desc3FALL SPEAKER
IRS990/OtherExpensesGrp/TotalAmt016124
IRS990/OtherExpensesGrp/TotalAmt114687
IRS990/OtherExpensesGrp/TotalAmt214104
IRS990/OtherExpensesGrp/TotalAmt39443
IRS990/OtherRevenueMiscGrp/BusinessCd0900090
IRS990/OtherRevenueMiscGrp/Desc0NEWSLETTER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01800
IRS990/OtherRevenueTotalAmt01800
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07047
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019204
IRS990/PrincipalOfficerNm0PETER LANCE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900090
IRS990/ProgramServiceRevenueGrp/BusinessCd1900090
IRS990/ProgramServiceRevenueGrp/Desc0DUES INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MEETINGS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0240734
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1196254
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0240734
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1196254
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01611
IRS990/PYOtherExpensesAmt0523950
IRS990/PYOtherRevenueAmt01650
IRS990/PYProgramServiceRevenueAmt0616177
IRS990/PYRevenuesLessExpensesAmt095488
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0523950
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0619438
IRS990/ReconcilationRevenueExpnssAmt026781
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0449051
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0506733
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0413550
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0440331
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THIS STANDARD HAD NO IMPACT ON THE ASSOCIATION'S FINANCIAL STATEMENTS. THE ASSOCIATION'S INFORMATIONAL TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE ASSOCIATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0413550
IRS990ScheduleD/TotalRevenuePerForm990Amt0440331
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0440331
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0413550
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0MULTISERVICE MANAGEMENT COMPANY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE MULTISERVICE MANAGEMENT COMPANY.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0113530
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PETER LANCE, THE TOP MANAGEMENT OFFICIAL OF THE ASSOCIATION, IS AN EMPLOYEE OF THE MANAGEMENT COMPANY. THE ORGANIZATION PAID THE MANAGEMENT COMPANY $113,530 IN FEES FOR MANAGEMENT AND CLERICAL COSTS DURING THE YEAR. PETER LANCE RECEIVES A SALARY THROUGH MULTISERVICE MANAGEMENT COMPANY.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION HAS ENTERED INTO AN AGREEMENT WITH A MANAGEMENT COMPANY TO PERFORM DAY TO DAY CLERICAL AND MANAGEMENT FUNCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AT THE SPRING MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MANAGEMENT AGREEMENT IS REVIEWED AND RENEWED YEARLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ASSOCIATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CLERICAL 53,980.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GFA'S BOARD REVIEWS THE TAX RETURN AND AUDIT. THE GFA'S BOARD DETERMINES WHEN AND IF AUDITS ARE CONDUCTED, BUT THEY HAVE NOT BEEN INVOLVED IN THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS IS SELECTED BY THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR AND THE TREASURER ASSUME RESPONSIBILITY FOR THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0462908
IRS990/TotalAssetsEOYAmt0525937
IRS990/TotalAssetsGrp/BOYAmt0462908
IRS990/TotalAssetsGrp/EOYAmt0525937
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0413550
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt096083
IRS990/TotalLiabilitiesEOYAmt0132331
IRS990/TotalLiabilitiesGrp/BOYAmt096083
IRS990/TotalLiabilitiesGrp/EOYAmt0132331
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0366825
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0393606
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0436988
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01543
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0438788
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0440331
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0462908
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0525937
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt01325
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0366825
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0393606
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0994 OLD EAGLE SCHOOL ROAD NO 1019
IRS990/USAddress/CityNm0WAYNE
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd0190871802
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.GASKETFAB.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER LANCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06109714850
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GASKET FABRICATORS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0GASK
ReturnHeader/Filer/EIN0232122675
ReturnHeader/Filer/PhoneNum06109714850
ReturnHeader/Filer/USAddress/AddressLine1Txt0994 OLD EAGLE SCHOOL ROAD NO 1019
ReturnHeader/Filer/USAddress/CityNm0WAYNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd0190871802
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0610 W GERMANTOWN PIKE STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PLYMOUTH MEETING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019462
ReturnHeader/PreparerPersonGrp/PhoneNum02156433900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL J KELLY III CPA
ReturnHeader/ReturnTs02016-05-24T14:10:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$525,937
Liabilities
$132,331
Net assets
$393,606
Revenue
$440,331
Expenses
$413,550
Net income
$26,781
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.81$1.06$4.75$6.96$6.44$0.52
2023Detailed filing. Detailed filing data is available for this year.$5.57$1.34$4.22$4.97$4.92$0.05
2022Detailed filing. Detailed filing data is available for this year.$5.03$0.85$4.17$4.86$5.46$0.60
2021Detailed filing. Detailed filing data is available for this year.$5.47$0.70$4.77$3.51$4.58$1.07
2020Detailed filing. Detailed filing data is available for this year.$6.65$0.81$5.84$2.62$2.40$0.22
2019Detailed filing. Detailed filing data is available for this year.$6.48$0.86$5.62$4.76$4.63$0.13
2018Detailed filing. Detailed filing data is available for this year.$6.47$0.99$5.49$6.15$5.88$0.27
2017Detailed filing. Detailed filing data is available for this year.$6.94$1.72$5.22$4.72$4.29$0.43
2016Detailed filing. Detailed filing data is available for this year.$5.75$0.96$4.79$6.82$5.97$0.85
2015Detailed filing. Detailed filing data is available for this year.$5.26$1.32$3.94$4.40$4.14$0.27
2014Detailed filing. Detailed filing data is available for this year.$4.63$0.96$3.67$6.19$5.24$0.95
2013Detailed filing. Detailed filing data is available for this year.$3.90$1.18$2.71$3.74$3.38$0.36
2012Summary only. Only limited summary data is available for this year.$3.04$0.69$2.35$4.64$4.32$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.84$0.82$2.02$3.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$0.44$2.15$3.90