2024-04-04T10:49:09-05:00 2023-12-31 541498950 RENNER AND COMPANY CPA PC 700 NORTH FAIRFAX STREET SUITE 400 ALEXANDRIA VA 22314 990 2023-01-01 753044083 AMERICAN SALVAGE ASSOCIATION INC AMER 7033732267 107 SOUTH WEST STREET 743 ALEXANDRIA VA 22314 LEE HILL EXECUTIVE DIRECTOR 7033732267 2024-03-18 1 LEE HILL XXX-XX-XXXX 1 ANDREW E YOUNG CPA P01203950 7035351200 2024-03-18 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z LEE HILL 107 SOUTH WEST STREET 743 ALEXANDRIA VA 22314 205849 0 X WWW.AMERICANSALVAGE.ORG X 2000 DE TO SERVE THE NEEDS OF OWNERS, OPERATORS, AND SUPPLIERS OF THE SALVAGE INDUSTRY BY OFFERING TRAINING AND FACILITIES TO POSITIVELY IMPACT RELATIONSHIPS WITH THE MARINE INDUSTRY. 11 11 0 11 10451 3393 0 0 225023 205816 0 33 0 0 225023 205849 0 0 0 0 122760 122760 0 0 0 77848 79561 200608 202321 24415 3528 228379 231643 23001 22737 205378 208906 TO SERVE THE NEEDS OF OWNERS, OPERATORS, AND SUPPLIERS OF THE SALVAGE INDUSTRY BY OFFERING TRAINING AND FACILITIES TO POSITIVELY IMPACT RELATIONSHIPS WITH THE MARINE INDUSTRY. 0 0 PUBLISHING A QUARTERLY NEWSLETTER TO COMMUNICATE AND PROMOTE STANDARDS OF CONDUCT AND PERFORMANCE THAT PROVIDE THE NATION WITH AN ADEQUATE SALVAGE RESPONSE. ASSOCIATION ANNUAL MEETING AND CONFERENCE-EDUCATE THE GENERAL PUBLIC ON THE ROLE OF THE MARINE SALVOR IN PROTECTING LIFE, THE ENVIRONMENT AMD PROPERTY. PROMOTE TRAINING AND INFORMATION EXCHANGE WITH FEDERAL REGULATORY AGENCIES AND OTHER NATIONAL TRADE ASSOCIATIONS. 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X LEE HILL 7033803889 107 SOUTH WEST STREET SUITE 743 ALEXANDRIA VA 22314 MIKE JARVIS PRESIDENT 2.00 X X 0 0 0 NADJA KNOULTON VICE PRESIDENT 2.00 X X 0 0 0 JOE FARRELL III SECRETARY/TREASURER 2.00 X X 0 0 0 LINDSAY MALEN-HABIB IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 STEPHEN DANN DIRECTOR 2.00 X 0 0 0 JIM ELLIOTT DIRECTOR 2.00 X 0 0 0 AARON MCKINNEY DIRECTOR 2.00 X 0 0 0 DAN SCHWALL DIRECTOR 2.00 X 0 0 0 JUAN PABLO TESSADA LUSCHER DIRECTOR 2.00 X 0 0 0 KERRY WALSH DIRECTOR 2.00 X 0 0 0 LEE HILL INTERIM EXECUTIVE DIRECTOR 2.00 X 42000 0 0 42000 0 0 0 0 0 0 0 MEMBERSHIP DUES 900099 154370 154370 SPONSORSHIP 900099 28900 28900 ANNUAL MEETING 900099 12095 12095 ADVERTISING 541800 10451 10451 205816 33 33 205849 195365 10451 33 42000 80760 1446 1300 29400 4185 1287 27429 458 4659 PROGRAM EXPENSE 5026 CORPORATE TAXES 1561 GIFTS 1100 DUES AND SUBSCRIPTION 1004 706 202321 186918 222716 39790 6670 1213 1117 7389 7389 458 0 0 1140 228379 231643 21550 22737 1451 0 23001 22737 X 205378 208906 205378 208906 228379 231643 3528 0 X 0 0 0 0 1 0 210 210 2622 2412 210 2622 2622 3161 539 2622 6384 1509 4732 3161 1.00000 0 0 7389 7389 0 0 FORM 990, PART VI, SECTION A, LINE 7A GENERAL MEMBERSHIP CONSISTS OF COMPANIES ACTIVELY INVOLVED IN THE BUSINESS OF MARINE SALVAGE, WITH A PROVEN TRACK RECORD OF SUCCESSFUL PERFORMANCE, WHOSE SALVAGE ACTIVITIES ARE PRIMARILY RELATED TO COMMERCIAL VESSELS, AS OPPOSED TO RECREATIONAL VESSELS ABD YACHTS. THE EXECUTIVE COMMITTEE DETERMINES THE APPROPRIATE CLASSIFICATION FOR ALL MEMBERS (GENERAL OR ASSOCIATE). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE OUTSOURCED ACCOUNTING FIRM AND THE EXECUTIVE DIRECTOR LEE HILL, AND IS THEN PRESENTED TO THE LEADERSHIP FOR REVIEW AND COMMENT PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ASSOCIATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHCIH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THE ASSOCIATION OPERATES IN A MANNER CONSISTENT WITH ITS NON-PROFIT MISSION AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION (IF REASONABLY AVAILABLE). AND THE RESULT OF ARM'S LENGTH BARGAINING, AND B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENT WITH MANAGEMENT ORGANIZATIONS, IF ANY, CONFORM TO THE ASSOCIATION'S WRITTEN POLOCIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FUTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT OR IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST.