2015 NGWA ANNUAL REPORT ADVANCING GROUNDWATER KNOWLEDGE NGWA SM The Groundwater Association HERE’S HOW YOUR ASSOCIATION DELIVERED IN 2015 ON ITS COMMITMENTS TO YOU. As the leading advocate for the groundwater professions, the National Ground Water Association serves you, the professional who provides, protects, manages, and remediates groundwater, and those who contribute toward those outcomes. NGWA conveniently and promptly delivers a broad and extensive range of resources to help you succeed through relationships, leading edge and emerging practices, and credible sources of new ideas and solutions. NGWA provides value to the membership through: • Productivity: Increasing the efficiency and effectiveness of groundwater professionals through information to do their work better • Opportunity: Enabling or encouraging more favorable conditions for members • Speed: Responding quickly to needs for objective scientific or technical information • Freedom to operate: Preventing unwarranted constraints on where and how the groundwater professions work • Cost avoidance: Preventing or reducing controllable increases in the costs of doing business. The Association strives to deliver on these commitments largely through: • Advocacy to government, as well as to the general public • Providing highly valued products and services to members • Education through a suite of programs that move toward advanced learning • Networking channels and events • A lean, effective operational model. “Celebrate what you’ve accomplished, but raise the bar a little higher each time your succeed”. — Mia Hamm 2 Image courtesy of http://cida.usgs.gov/ngwmn/index.jsp Already, NGWA has played important contributing roles in the development, funding, and implementation of a National Ground-Water Monitoring Network (NGWMN). Enabling and encouraging more favorable conditions for members In keeping with NGWA’s core purpose of responsible groundwater use, the Association has endeavored to raise awareness about groundwater availability, scarcity, and the need to protect it. We will build on our efforts in the coming years. groundwater and surface water, rather than ill-informed reactions. The U.S. Congress approved $2.6 million for the implementation of the NGWMN in FY2015, which will collect data from state partners to generate a comprehensive picture of the resource on a national scale—something that has never been done before. Accurate data of groundwater for state agencies help enable more informed regulations and better conjunctive use of groundwater and surface water.... The network’s value is as an easily accessible tool for the full spectrum of groundwater professionals to monitor trends in groundwater quality and quantity. This information will be valuable to those making planning decisions which can impact on where best to construct wells. Accurate data of groundwater for state agencies help enable more informed regulations and better conjunctive use of Recognizing the importance of groundwater in the western United States, NGWA retained for 2015 attorney Peter Scott, Esq., a former hydrogeologist, to provide expertise on western water law, including exempt well issues. Further, the Association cosponsored the Western Governors’ Association’s Drought Impacts and Solutions for Water Supply Management workshop. The group invited NGWA input on drought and groundwater concerns. The Association supported Capitol Hill efforts to craft comprehensive drought legislation. Lauren Schapker, NGWA government affairs director, met with several California congressional offices, urging them to consider groundwater’s role in drought management and the importance of not only recharging groundwater, but also conjunctively using surface water and groundwater. The water/energy nexus brought NGWA to the forefront in several ways in 2015, including an invited briefing to the federal Interagency Work Group on the Water/ Energy Nexus. In addition, NGWA served as a cosponsor of a series of Capitol Hill briefings that examined water and land constraints across several types of energy production. House and Senate staff, executive branch officials, and other stakeholders attended. 3 Since the 1970s, the Association has participated in the ground source or geothermal heat pump sector. In 2015, several significant initiatives were completed to better define our role. These guidelines present site assessment approaches to help assure effective and long-term installations meet regulatory requirements, have an acceptable financial rate of return, prevent groundwater contamination, protect drinking water sources and public health, and protect the owners’ investment. We published Understanding Hydrogeology and Its Impact on Large-Scale Geothermal Heat Pump Systems because site hydrogeology affects ground heat exchanger performance in large-scale (beyond single-family homes) systems. These guidelines present site assessment 4 approaches to help assure effective and long-term installations meet regulatory requirements, have an acceptable financial rate of return, prevent groundwater contamination, protect drinking water sources and public health, and protect the owners’ investment. Association volunteers submitted comments to the draft Canadian Standards Association’s 448 standard for ground source heat pump installations. The majority of NGWA’s suggestions were adopted as they protect groundwater and help contribute to better system performance. As a member of the standard’s technical committee, the Association voted in favor of the revised standard. Meanwhile, NGWA comments submitted to the International Association of Plumbing and Mechanical Officials’ heat pump standard technical committee were incorporated into that group’s work. The Association and the Geothermal Exchange Organization (GEO) coordinated strategy on promoting geothermal heat pumps in energy legislation. NGWA joined the Investment Tax Credit Coalition, which is organized around renewable energy interests—with NGWA as the group’s lone geothermal heat pump representative. Staff and volunteers submitted comments in conjunction with the Senate Finance Committee’s efforts to create comprehensive tax reform. NGWA’s comments focused on the energy efficiency and renewable energy benefits of geothermal heat pumps. NGWA promptly responded to a Climate Bonds Initiative request to help document heat pumps’ environmental impacts for the benefit of institutions issuing billions of dollars of “Climate Bonds.” NGWA commented to the U.S. Environmental Protection Agency on its Clean Power Plan, a rule regulating power plants’ carbon dioxide emissions. NGWA expressed support for allowing each state flexibility in developing its best system of emission reduction, and the proposed rule’s focus on looking toward renewable energy technology, such as geothermal heat pump systems, and demand-side energy efficiency improvements. NGWA is working with Obama administration officials to appropriately position geothermal heat The NGWA Groundwater Industry Legislative Fly-In returns in early 2016, and we will be serving as an organizer again in the Geosciences Congressional Visit Day hosted by the American Geosciences Institute. pump systems as a part of the solution in implementing the final Clean Power Plan. The Leaking Underground Storage Tank trust fund, which remains solvent by receiving a portion of the motor fuels tax, helps protect groundwater supplies, and remains a significant business sector for NGWA member firms. As funding for highway programs and modifications to the motor fuels tax is debated, government affairs volunteers have communicated the potential impact to groundwater quality and to remediation practices should the fund be lost or reduced. Staff participated in the briefing on the third phase of the National Water-Quality Assessment Program and meetings on possible revisions to regulations dealing with lead in drinking water. David Kreamer, Ph.D., represented NGWA member interests as the Water Census considered groundwater monitoring and groundwater/ surface water interaction. Jeff Davis of Cardno Entrix represented NGWA on the federal advisory group looking at “open water data” access. Paul Gruber, PG, a member of NGWA’s Groundwater Protection and Management Subcommittee, testified on behalf of NGWA in a House hearing titled “Helping Revitalize American Communities through the Brownfields Program.” The Water Systems Cost Savings Act was reintroduced in the U. S. House of Representatives. The Association has financially assisted the Water Systems Council’s effort seeking stringent consideration of well systems in federally funded drinking water delivery. our members, and a new Twitter account (@NGWA_GovtAffs) keeps you up to speed on events in Washington. We reformatted your Washington Update newsletter to better identify the impact of legislation, regulation, and NGWA responses. NGWA Past President Scott Fowler, CWD/ PI, has agreed to serve in the volunteer leadership role for the NGWA Political Action Committee. NGWA will apply a $209,000 share of a $1.7 million U.S. EPA award to a team including NGWA, the Water Systems Council, the Water Quality Association, the Illinois State Water Survey, and the lead applicant, the Rural Community Assistance Partnership. The grant initiatives NGWA will undertake include 12 online lessons for well owners, 10 well owner webinars, a well maintenance app, a well owner’s operating e-manual, a video guide to well financing, and various other communication tools. NGWA enhanced member government affairs communications in 2015 by providing state legislative and regulatory updates on a nearly “as it happens” basis to 5 Today, all Scientists and Engineers Division members receive Groundwater in a digital format. However, they retain the option of receiving Groundwater in print, as well. Responding quickly to needs for objective scientific and technical information As the world clamors for more knowledge at a ANSI/NGWA-01-14 was cited as an example time when it is awash with information, some of water well construction standards in a of it unqualified, NGWA must ask and answer: bill introduced in the Pennsylvania Senate, and the National Association of Home • • • • How do we find the most important work Builders suggested ANSI/NGWA-01-14 be to share? incorporated in the International Residential How do we convey what is and is not Code, Plumbing Section, as well as the going on in the field? International Plumbing Code. NGWA Director How much progress is being made and of Science and Technology Bill Alley, Ph.D., how can we improve that? presented information on the standard during How can we move good ideas more a Rome, Italy, workshop organized by our efficiently? partner, the Italian National Association of Hydrogeology and Wells. Building on the success of the Association’s water well construction standard, ANSI/ As members and others clamor for data NGWA-01-14, the board authorized work to about the hard-to-measure U.S. groundwater begin on development of an accompanying market, we’ve developed a one-stop water well pumping systems installation website feature of federal data, as well as standard through the Association’s American updated our fact sheets on national and state National Standards Institute–sanctioned groundwater markets. process. 6 We’ve developed a onestop website feature of federal data, as well as updated our fact sheets on national and state groundwater markets. NGWA’s industry practices staff developed for homeowners a residential water well maintenance guidance, defining when the professional contractor must take over to achieve the safest and best operations and the best quality and quantity of water. Additionally, NGWA and the Water Quality Association jointly developed guidance on proper water well disinfection procedures. NGWA’s best suggested practices document on aquifer storage and recovery was instrumental in comments provided to the U.S. EPA on the inclusion of managed aquifer recharge projects under a new federal funding program. The Association led a series of workshops the traditional PDF format, generating of citations to recent articles published in with U.S. EPA and several consulting firms a hybrid document that gives depth to a peer-reviewed journal, and is frequently promoting the use of combined remedies a previously flat experience. ReadCube used as a proxy for the relative importance at contaminated sites—detailing various also offers a robust paper management of a journal within its field. combinations that had been used, overall tool, an increasingly important aspect for cost effectiveness, benchmarks for precisely researchers today. when a remedy starts to work and later loses its effectiveness, and overcoming perceived barriers by clients and the regulatory community. NGWA’s content on Wiley Online Library became even more user friendly as papers for Groundwater® and Groundwater Groundwater’s IF ranked it 15th out of 83 journals in the water resources category ReadCube also offers a robust paper management tool, an increasingly important aspect for researchers today. Monitoring & Remediation® are now utilizing and 54th out of 175 journals in the geosciences category. Groundwater Editor-in-Chief Henk Haitjema, Ph.D., is working to develop ways to further increase the journal’s IF. In addition, special digital-only issue of Groundwater, was delivered in April, the ReadCube PDF format. ReadCube’s technology takes the functional capabilities These efforts, we believe, have contributed focusing on artificial and environmental of HTML—such as inline reference toward Groundwater subscriptions tracer methods used to characterize flow links, figure browsing, one-click author increasing, as well as the journal recording and transport in aquifers. search, related articles, and annotation/ its highest-ever impact factor (IF), 2.307. IF highlighting tools—and applies them to is a measure reflecting the average number 7 The skills and competencies associated with water well drilling and pump installation are now being assigned to related Water Well Journal articles. Groundwater Monitoring & Remediation’s IF, 0.944, ranked it 56th in water resources. The number is a slight decrease from 2013 when it had its highest mark in 14 years with an IF of 1.25. A benefit of a strong IF is increased paper submissions, which have been running at a 42.8% of respondents say Water Well Journal was the most important publication to their job, significantly ahead of other titles. The skills and competencies associated with water well drilling and pump installation are now being assigned to related Water Well Journal articles. The skills are assigned DACUM codes corresponding to the water well job task analysis charts. DACUM codes also appear in the Groundwater Expo workshops catalog. record pace for the past several years. Water Well Journal’s® availability was Research USA conducted a survey of Water promoted to several thousand water well Well Journal readers, finding: contractors working in Europe, while sales representation visited potential advertisers • 42.8% of respondents say Water Well at Wasser Berlin, a major international trade Journal was the most important exposition. Meanwhile, we again delivered publication to their job, significantly our annual Water Well Journal Latin ahead of other titles America issue to several thousand regional • 43.5% said they read Water Well Journal for education contractors. • 94.8% look at advertising • 55.3% use advertising to narrow down choices or get ideas for future purposes • 68.3% pass on the publication to coworkers, to an average of 3.8 others. 8 This year, NGWA’s membership newsletter, NGWA Toolkit, moved to a twice monthly publication schedule alternating with NGWA’s Washington Update. NGWA Toolkit focuses on education and training, while Washington Update focuses on Association efforts on behalf of the membership. RANKED #1 340,089 NGWA’s WellOwner.org website is ranked first or second in a search of “water wells” in the five top Internet search engines. Estimated minutes watched on NGWA YouTube. Two NGWA-produced videos were distributed to encourage young people to consider groundwater careers. One is aimed toward a high school and early college audience, and features commentary by students, young professionals, and faculty. The second video is targeted more to the middle school student. In two months, each video had been viewed hundreds of times. 18 YEARS 700 WEBSITES For 18 years, NGWA has advanced National Groundwater Awareness Week to make the public more aware of the critical role of groundwater. Thanks to nearly 700 websites; more than 120 promotional partners involving federal, state, and local government agencies; federal and state nonprofit organizations; and news media—it is estimated the number of people reached was in the millions. Since 2012, NGWA has promoted Protect Your Groundwater Day, spotlighting groundwater protection through water conservation, as well as by protection from contamination. 9 All 2014 and 2015 NGWA “brown bag” webinars for which NGWA had permission to record are now available free for online viewing at NGWA.org/Recordings. Increasing the efficiency and effectiveness of groundwater professionals through information to help them work better NGWA, through its subject matter experts Since 1992, NGWA has conducted custom Vermont, and the NGWA Groundwater and PSI/LaserGrade’s psychometrician, training sessions for the Indian Health Expo. converted many questions on contractor Service including this past year for 32 IHS certification exams to multiple choice, in staff and contractors. Attendees also NGWA’s Well, Aquifer, Pump, Office, addition to reviewing questions candidates participated in the pilot testing of NGWA’s and Safety activity areas at the annual found confusing. first online module, Introduction to Groundwater Expo, introduced in 2014, Groundwater Resources. have been revamped for greater interaction In little over a year since its reopening, nine individuals were admitted on the pathway to earning the Certified Groundwater Professional designation. in 2015. Many NGWA courses and conferences are preapproved for continuing education The 2016 NGWA Groundwater Summit credits by state agencies, such as the returns to Denver, Colorado, April 24-27. Florida Board of Professional Engineers and On April 28, NGWA, in collaboration with the Texas Commission on Environmental the American Water Resources Association, Quality. will present an interactive workshop on The Groundwater Visibility Initiative: Major 2015 NGWA conferences included Integrating Groundwater and Surface Water In little over a year since its reopening, nine the Groundwater Summit, the Upper Management. This workshop will include individuals were admitted on the pathway Great Plains Groundwater Conference in three highly focused panel presentations, to earning the Certified Groundwater Cheyenne, Wyoming, the Groundwater in and breakout and summary sessions. Professional designation. Fractured Rock Conference in Burlington, 10 Staff from the membership, publications, and industry practices departments developed means by which NGWA could improve networking resources for the membership and foster stronger bonds and greater use of the networking opportunities in place. Connecting people, knowledge, information, and ideas There are many networking channels in which NGWA participates on behalf of the professions the Association serves. Staff and volunteer leaders deliver NGWA to a broad range of critical stakeholders. In the past year, NGWA was present and actively participated at meetings of groups as diverse as: the Association of State and Territorial Solid Waste Management Officials, Engineers Without Borders, the International Association of Hydrogeologists, American Geophysical Union, National Drilling Association, UNESCO’s International Hydrologic Programme, the National Drinking Water Advisory Council, the National Energy Technology Laboratory near Pittsburgh, Ohio State University’s Humanitarian Engineering Center, the Ministry of Water and Agriculture of Tanzania, Western Governors’ Association, American Water Resources Association, the Water Quality Association, the Water Systems Council, the Irrigation Association, International Ground Source Heat Pump Association, GEO, ASTM, CSA, ASHRAE, Universities Council on Water for International Development Bureau of Water, U.S. EPA Office of Drinking Water and Groundwater, the Association of American State Geologists, Associated General Contractors, National Association of Water Companies, and the Geological Survey of Denmark and Greenland. Resources, National Institutes for Water Resources, Consortium of Universities for the Advancement of Hydrologic Science, U.S. Department of State, Interagency Working Group on Water/Energy Nexus, China Engineering Center Partnership for Contaminated Sites Remediation, Geoprofessional Business Association, the Groundwater Foundation, U.S. EPA’s Office of Research and Development Risk Management Laboratory, Ground Water Protection Council, U.S. Agency We’ve entered into a memorandum of understanding with the Borehole Drillers Association of Nigeria, while renewing several others, including associations in Brazil, Italy, Japan, and the United Kingdom. NGWA Partners—at Home and Around the World Finnish Well Drillers Association Geological Society of London China Engineering Center Partnership for Contaminated Site Remediation (E3) National Hydrogeology and Water Well Association of Italy United States of America: • 47 State Associations • Advisory Committee on Water Information • American National Standards Institute • Association of American State Geologists • Coalition for National Science Funding • Environmental and Engineering Geophysical Society •Geological Society of America •Geothermal Energy Organization • Groundwater Foundation • Irrigation Association • National Onsite Wastewater Recycling Association • New England Geothermal Professional Association • Source Water Collaborative • U.S. Water Alliance • U.S. Water Parnership • WaterSense (U.S. EPA program) • Water Systems Council Mexican Hydrogeology Association Colombian Association of Hydrogeologists Korea Ground Water Association Japanese Association of Groundwater Hydrology Industrial Society of Well Drilling in Taiwan Area Venezuelan Association of the Ground Water Industry Brazilian Ground Water Association Taiwan Association of Soil and Groundwater Environmental Protection Association of Water Well Drilling Rig Owners and Practitioners (AWDROP) of Nigeria Groundwater Association of Botswana Borehole Water Association of Southern Africa Other worldwide relationships: • UNESCO, IHP • European Ground Source Heat Pump Association • Global Water Partnership • International Association of Hydrogeologists • International Ground Source Heat Pump Association • International Groundwater Resources Assessment Centre • International Union of Geological Sciences • Water Associations Worldwide • World Water Council Australian Drilling Industry Association National Centre for Groundwater Research and Training New Zealand Drillers Federation National Ground Water Association • www.NGWA.org • 614 898.7791 • 800 551.7379 ® 11 When natural disasters strike, many NGWA pump installation, and more—in addition members. Experiments so far with localized members are eager to assist and well to a link to how to volunteer for NGWA. member networking events have not been systems are often the best choice for fast Check it out at NGWA.org/CareerCenter. as successful as we would have liked. is NGWA’s experience that at times such as At the Groundwater Summit, facilitated All U.S. Water Partnership (USWP) member these our membership expresses its desire discussion sessions continue to grow as a websites, including NGWA’s, can now to help restore safe drinking water supplies vehicle for both early career and established be searched for the best of U.S. water as rapidly as possible. In the earliest days of groundwater professionals to share their information resources from USWP’s H2infO any disasters however, only the immediate perspectives on various industry issues. portal. The refinements allow users to turnaround, as well as for cost concerns. It relief groups from local or national search by USWP member sites or file type governments, or the United Nations, are (i.e., document, PowerPoint, Excel). best able to help through their effective coordination. As a result, the Association has built a flowchart for how NGWA will respond when a natural disaster occurs with implications to groundwater use. Our quarterly briefings for state, territorial, and provincial water well construction officials have proven useful in communicating NGWA efforts to this critical audience. Three of the four meetings are conducted online, with the fourth in person during the NGWA annual meeting. At the Groundwater Summit, facilitated discussion sessions continue to grow as a vehicle for both early career and established groundwater professionals to share their perspectives on various industry issues. Special video thanks were emailed to NGWA volunteers during April’s National Volunteer Week, and we produced a video encouraging members to consider becoming a board director candidate. We again offered both online and in-person sessions of our long-standing Director Candidates School. Staff completed an effort to identify groundwater faculty at North American universities. We reached out to several hundred nonmember academics, Staff revised the career center page on promoting NGWA membership for them our website to be a more comprehensive While nearly all the NGWA social media and their students. Some results suggest resource for members. It now features links outlets increased in traffic during 2015 further, but limited, opportunity. to our career mentor database, careers from 2014, the Association is examining brochure, a link to Chronicle Guidance’s how best to create local, face-to-face publications and the DACUMs for drilling, networking opportunities for NGWA At the Groundwater Summit, early career professionals took advantage of the opportunity to visit with future colleagues during the Next Gen Groundwater Professionals Meetup. 12 Lean and effective operations Our aim is to develop and implement a lean, resources for a break-even or better return enhancements in member service to effective operational model, thus making on expenditures from the fund over a three- leverage. prudent use of the resources entrusted year period. to the Association by the membership. In 2014, dozens of Groundwater Expo We received third-party assessments of exhibitors sent more than 165,600 emails to For the 16th year, NGWA hosted for our digital publishing and advertising their customers and other contacts through members interested in board service our sales strategies and are implementing our Exhibitor Invite system. This successful Director Candidates School. Additionally, actions to best serve the Association. Our registration program was repeated in 2015. briefings were held for volunteer group desired outcomes require high levels of chairs and staff liaisons. collaboration from our partners. We adopted a new online process to assist our volunteers to assign intellectual The Board Operations Task Group identified We’ve begun to look deeper into property permissions from their voluntary and worked with staff to implement integrating content management into contributions. several modifications to New Director our digital operations with an aim toward Orientation, striving to enhance each greater customized content push to our director’s effectiveness. membership. The board directed staff to rebalance the In July, the Association moved to a new board’s Business Development Fund, enterprise management software system and authorized staff to consider up to 50 based upon the widely adopted Salesforce. percent of the newly balanced fund as com platform. We have found numerous 13 Financial report to the membership NGWA completed a challenging, yet was down among the publications serving To protect against business disruptions successful, year on December 31, 2014. our market. Advertisers have trimmed and to fund strategic initiatives in support Despite the struggling U.S. and global budgets and moved to alternative media of NGWA’s mission, the Association held economies, NGWA continued to improve such as digital advertising, social media, financial reserves of nearly $5.9 million at services and operations for its members. and their own web presence. This presents year’s end. 2014 investment performance challenges to NGWA, but the Association resulted in a gain of more than $62,000 Rea & Associates CPAs conducted the is well positioned in digital marketing, in addition to dividend/interest income 2014 audit and gave NGWA an unqualified website impact, and an advertising product totaling $88,500. While positive investment opinion, indicating NGWA’s financial mix that maximizes advertiser return on returns are never guaranteed, NGWA’s statements fairly represented the investment. investment portfolio is continually organization’s financial position and were in accordance with generally accepted accounting principles. Assets totaled $8.759 million, an increase just under 1.0% over 2013. Revenue totaled $5.487 million, a 6.3% increase over 2013. Expenses increased by 1.6% over 2013 to $5.393 million. This resulted in a net operating gain of $93,881 vs. a 2013 net operating loss of monitored to ensure that appropriate levels Despite the struggling U.S. and global economies, NGWA continued to improve services and operations for its members. of safeguards and risks are in place to take full advantage of the market, and to meet the long-term needs of the organization. Overall expenses increased by $86,557 or 1.6% over 2013 expense levels, attributable to expenses in delivering services to the membership. $146,801. Membership dues revenue was down The Association’s balance sheet The Groundwater Expo returned to Las 3.3% from 2013. Membership dues totaled (statement of financial position) is Vegas in 2014 after being in Nashville $1.525 million in 2014 vs. $1.577 million very healthy. Other than standard in 2013. Attendees totaled 5,245 vs. the in 2013. Though revenue was down, the trade payables, there is virtually no debt Nashville total of 3,687. The number of number of members increased. Total and assets are primarily investment exhibitors in Las Vegas totaled 302 vs. membership at the end of 2014 was 11,012 grade securities and income-producing the Nashville total of 372. Although the vs. 10,980 at the end of 2013. Scientists and investment products—all with manageable number of exhibitors was lower in 2014, Engineers Division membership deceased risk. the space sold exceeded that in 2013 and by 7.6% (502 members) while Contractors was consistent with the prior Las Vegas Division membership increased by 503 Groundwater Expo. Total revenue for the (15.5%). The balance of the membership 2014 Expo was 18.9% higher than the 2013 increase came from Suppliers Division and Expo, and 11.4% higher than the 2012 Expo Manufacturers Division membership. in Las Vegas. Royalties income received a significant Advertising revenue presented a boost due to a revision in the Wiley challenge. Total advertising revenue for Publications contract. Wiley provided NGWA 2014, at $1.12 million, was below 2013 with a royalty associated with contract advertising revenue by $87,500 or 7.2%. renewal and support for NGWA’s move Analysis shows this is not the result of to digital distribution of the Association’s market share losses as all print advertising scientific journals. 14 Statements of Financial Position Year ended December 31 2014 2013 Assets $3,404,498 $3,360,707 4,353,342 4,078,831 Receivables, net 240,924 226,977 Prepaid expenses 102,166 94,967 69,548 73,932 Deferred income taxes 1,200 4,200 Deposits 6,364 6,364 Cash and cash equivalents Investments Inventory, net Property and equipment, net 581,773 595,837 $8,759,815 $8,711,815 $1,524,651 $1,577,370 1,468,483 1,201,910 462,337 507,817 46,384 40,738 1,122,145 1,209,599 443,196 213,840 0 0 Miscellaneous income 240,463 182,611 Contributions 179,245 225,780 $5,486,904 $5,159,665 $4,734,313 $4,615,932 658,710 690,534 $5,393,023 $5,306,466 $93,881 $(146,801) $61,920 $275,411 88,489 93,596 Total assets Statements of Activities Year ended December 31 Revenue Membership dues Conventions and expositions Course and conference registrations Books and proceedings Advertising and related income Royalties Insurance fees Total revenue Expenses Program and direct costs Management and general Total expenses Operating income (loss) Other Income (Expenses) Net realized/unrealized gains on marketable securities Interest income Bad debt recovery on notes receivable 16,781 21,101 Income taxes (expense)/benefit 44,600 (43,621) $211,800 $346,487 Total other income $305,681 $199,686 Net assets, beginning of year $6,914,210 $6,714,524 Net assets, end of year $7,219,891 $6,914,210 Change in Net Assets 15 NGWA SM The Groundwater Association 601 Dempsey Road Westerville, Ohio 43081