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Nonprofit · EIN 74-1622293

ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING

Tax-exempt · SOUTHLAKE, TX 76092

Financials

$2M$2M2023$2.5M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,454,923$2,109,290$345,633$2,003,640$698,307$1,305,333
December 31, 2023990$2,017,378$2,009,114$8,264$1,749,503$792,802$956,701
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,392,824
Investment income
$39,279
Net income from fundraising events
$20,165
Other revenue
$22,820

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$363,792
Other salaries and wages
$394,578
Salaries, compensation and benefits (total)
$879,453
Professional fundraising fees
$0
Legal fees
$20,611
Occupancy
$79,914
Travel
$93,879
Depreciation
$4,824

Balance sheet and other

Total assets, start of year
$1,749,503
Total assets, end of year
$2,003,640
Total liabilities, end of year
$698,307
Net assets, end of year
$1,305,333
Land, buildings and equipment
$11,102
Publicly traded securities
$889,175
Net assets without donor restrictions
$1,305,333
Gross unrelated business income
$730,768
Gross receipts
$2,454,923
Employees
9
Volunteers
420
Year formed
1969
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MARGARET H DUFFYEXECUTIVE DIRECTOR
Officer
40$242,000$6,323
ANGELA ELMENDORFDIRECTOR OF MARKETING AND EDITOR IN CHIEF
Highest-paid employee
40$121,792$3,741
DAVE HICKSPRESIDENT
Trustee or director, Officer
10$0$0
CHRIS HARRISPAST PRESIDENT
Trustee or director, Officer
1$0$0
TRAVIS PARKERVICE PRESIDENT
Trustee or director, Officer
2$0$0
GENE SHEEDYTREASURER
Trustee or director, Officer
2$0$0
ALISSA MAXWELL WEISSSECRETARY
Trustee or director, Officer
2$0$0
SUE FRANKASSOCIATE CHAIR
Trustee or director, Officer
2$0$0
STEVE JONESDIRECTOR
Trustee or director
1$0$0
BO WALKERDIRECTOR
Trustee or director
1$0$0
JEFF SEGARDIRECTOR
Trustee or director
1$0$0
BRETT RAYBURNDIRECTOR
Trustee or director
1$0$0
MARY POHLMANDIRECTOR
Trustee or director
1$0$0
ROZBEH MOGHADDAMDIRECTOR
Trustee or director
1$0$0
WILL GEHRKEDIRECTOR
Trustee or director
1$0$0
3 more people on this return
NameTitleHours / weekCompensation
DOMINIC BERGFIELDDIRECTOR
Trustee or director
1$0
ROGER KAMINSKYDIRECTOR
Trustee or director
1$0
JOHN GRILLODIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensationOther / benefits
PEGGY HAGERTY DUFFYEXECUTIVE DIRECTOR
Officer
40$240,000$3,000
ANGELA ELMENDORFDIRECTOR OF MARKETING
Highest-paid employee
40$125,000$2,850
CHRIS HARRISPRESIDENT
Trustee or director, Officer
8$0$0
DAVE HICKSVICE PRESIDENT
Trustee or director, Officer
4$0$0
TRAVIS PARKERTREASURER
Trustee or director, Officer
4$0$0
CHARLES BRAUNASSOC CHAIR
Trustee or director, Officer
4$0$0
MAURO SCANGAIMM PAST PRESIDENT
Trustee or director, Officer
4$0$0
ALISSA MAXWELL WEISSDIRECTOR
Trustee or director
2$0$0
STEVE JONESDIRECTOR
Trustee or director
2$0$0
BO WALKERDIRECTOR
Trustee or director
2$0$0
JEFF SEGARDIRECTOR
Trustee or director
2$0$0
SUE FRANKDIRECTOR
Trustee or director
2$0$0
BRETT RAYBURNDIRECTOR
Trustee or director
2$0$0
JOSH TRAUGERDIRECTOR
Trustee or director
2$0$0
GENE SHEEDYDIRECTOR
Trustee or director
2$0$0
RAY FASSETTDIRECTOR
Trustee or director
2$0$0
WILL GEHRKEDIRECTOR
Trustee or director
2$0$0
RICK KALSONDIRECTOR
Trustee or director
2$0$0
ROGER KAMINSKYDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
PO BOX 93583, SOUTHLAKE, TX 76092-0115
Principal officer (990 for 2024)
MARGARET HAGERTY DUFFY, PO BOX 93583, SOUTHLAKE, TX 76092
Signed the 990
MARGARET HAGERTY DUFFY, EXECUTIVE DIRECTOR
Phone
(469) 359-6000
Return prepared by
DEAN DORTON ALLEN FORD PLLC

Mission

TO PROMOTE, PROTECT, FOSTER, AND ADVANCE THE DRILLED SHAFT, ANCHORED EARTH RETENTION AND MICROPILE INDUSTRIES. ADSC-IAFD ENCOURAGES THE USE OF THE TECHNOLOGIES DESIGNED, CONSTRUCTED, SUPPLIED, AND MANUFACTURED BY ITS MEMBERS TO FOSTER SAFE, QUALITY AND ETHICAL PRACTICES.

990 for the year ended December 31, 2024

Program accomplishments

  • MEETING AND SEMINARS - FOUR WELL-ATTENDED BOARD MEETINGS, AS WELL AS ANCHOR AND MICROPILE INSTALLATION SCHOOL, A LARGE EQUIPMENT AND TECHNICAL CONFERENCE, A SAFETY SUMMIT, AND MULTIPLE SAFETY MEETINGS AT CHAPTER FUNCTIONS ACROSS THE COUNTRY.
  • FOUNDATION DRILLING MAGAZINE - INCREASED CIRCULATION FOR THIS PREMIER INDUSTRY PUBLICATION WHICH PROVIDES EDUCATION AND PROMOTION.
  • MEMBER SERVICES - GET INDUSTRY UPDATES, IMPERATIVE SAFETY INFORMATION, EDUCATIONAL OPPURTUNITIES, AND NETWORKING WITH OTHERS IN THE FOUNDATION DRILLING INDUSTRY.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-1622293
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2000
Accounting year ends
December
Files
Form 990 or 990-EZ
Group exemption
3669 (8 member organizations)
Assets (IRS master file)
$2,003,640
Income (IRS master file)
$2,454,923

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,454,923$2,109,290$2,003,640XML
990December 2023$2,017,378$2,009,114$1,749,503XML
990December 2022$2,338,961$2,137,802$1,883,550IRS
990December 2021$2,212,064$2,014,785$1,618,787IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1622293).

Questions about ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING

What is the EIN of ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING?
The employer identification number (EIN) of ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING is 74-1622293.
Is ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2000.
Are donations to ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING?
The 990 for the year ended December 31, 2024 names MARGARET HAGERTY DUFFY.
Who are the officers and directors of ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING?
The 990 for the year ended December 31, 2024 lists 18 people; 2 received compensation from the organization, the highest $242,000 (MARGARET H DUFFY, EXECUTIVE DIRECTOR).
How much revenue does ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,454,923, expenses of $2,109,290 and total assets of $2,003,640 at year end.

Organizations in its group exemption (8)

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