Looking forward
to the year ahead
2022
ANNUALREPORT

2022

ANNUALREPORTAs we entered the crossroads of recognizing 2022’s accomplishments and looking forward
to 2023’s possibilities, we approached this intersection with energy and excitement. As anassociation, together with you our members, the Irrigation Association is prepared to embrace
the diverse opportunities that lie ahead and find solutions to challenges that our industry faces.
During the last quarter of 2022, the IA sought essential insights and perspectives frommembers and industry stakeholders to help develop a plan for the association’s andindustry’s long-term sustainability and growth. Through this process, we identified
key strategic priorities aligned to an updated mission.

MissionTo be the recognized authority
in efficient irrigation:
promoting innovation, supporting industry
growth and sustainability, engaging decisionmakers, and serving as the leading, credible andunifying voice and advocate for the industry

Pinpointing

strategic priorities
The IA has four key strategic priorities which drive our focus:

Businessvitality

Elevated impactand value

Professional, expert
workforce

Thriving, growingindustry

Operate a business that
supports our mission andenables the IA to leadwith foresight and agility

Elevate the impact andvalue of the industry withexternal stakeholders

Foster the training,development and educationof a professional andexpert workforce

Create an environment
where the irrigationindustry and businesses
thrive and grow

Expect to hear more from us as we align our programs and our work on your behalf to deliver on our new mission and new strategic priorities.

Finding solutions tocritical challenges

We know that the companies and people
who drive the irrigation industry are committed to offering solutions to some of themost critical challenges facing society by providing tools to address global food security, managing challenges and regulations related to drought
conditions, and promoting the value of every
drop of water used in thriving, healthy communities. As drought and water availability continue
to impact large areas of the United States andthroughout the globe, this is even more important
today. Our industry is also faced with ensuringthat consumers, growers and policymakers better
understand the role that irrigation and professional irrigators have as stewards of sustainable waterresources.
Throughout 2022, you have demonstrated theimportance of working together as an industry
and with our agriculture and green industry partners to identify, advocate for and implement solutions to the issues we collectively face. As innovators, we look at these challenges as opportunities
that will propel us into the future. We are continually reminded of our changing global environmentand how we must adapt and evolve our practices
to manage disruptions and move our businesses
and industry forward. The IA is poised and taking
action to be the association that supports you,your business and the irrigation industry.

Propelling theindustry forward

As an association, we understand that we need toincrease end-user adoption of efficient irrigation
products and advocate for using the expertise ofirrigation professionals. Our industry professionals are
one of our greatest strengths — and equipping themwith information and resources to more effectively
champion the contributions of irrigation to farmland
and landscapes is imperative. And when it comes topolicy makers, media and other decision-makers, wewill position the IA to be sought out as the credible
and indispensable voice of the industry.
The IA is taking action by engaging with policy decision-makers to ensure increased adoption of waterefficient technologies, products and practices, as wellas the services provided by our industry professionals.
We are focused on helping them better understandand recognize the important environmental, economic and social benefits of irrigated farmland andlandscapes and ensuring that the IA has a seat at thetable for where these decisions are made. We’re also
improving and expanding our education and training toequip our industry to address the challenges of todayand tomorrow.

Affirming ourcommitment

The IA is committed to advancing the industry by transforming our stewardship and use of water and telling thestory of the critical role irrigation plays in enabling the long-term sustainability of the planet’s water and natural
resources and improving the quality of life through a reliable global food supply and vital green spaces.

Look for more information in 2023 as we refocus our efforts, especially as we seek to influence industry priorities
through the 2023 Farm Bill, water restrictions as a result of drought conditions and industry labor challenges.
As we look ahead in 2023 and beyond, we are excited about what the future holds and our plans for how
we will work for you, your company and the irrigation industry, every day.

2023 2024 2025 20

Income statement
As of June 30, 2022

Consolidated statement offinancial position
The IA’s volunteer and staff
leadership are committed tobeing good stewards of members’ investment in the organization. This commitment
includes directing IA financial
resources toward programs
and initiatives that directlyalign with our strategic priorities. The IA’s fiscal year is
July 1 through June 30, andit publishes its annual report
each calendar year.

Balance sheet
AssetsCash and Cash Equivalents
Accounts Receivable, net
Prepaid Expenses and Other Current Assets
Property and Equipment, net
Irrigation & Green Industry intangible
Investments, at fair value$715,205
151,130
149,70241,8271,214,500
2,933,742___________

IncomeTrade Show/Conference
Membership
Certification/Education
Magazines
Programs and Committees
Investment Income*Contributions/Grant
Contributions With Donor Restrictions

FY21-22$ 1,070,047
1,502,221
983,924
914,316
72,526(286,457)
413,944
113,588____________

Total Income$ 4,784,109

Total Liabilities$ 2,036,265

EquityMembers Equity
Board Designated and Restricted Funds
Net Income$ 2,289,601
218,547
661,693___________

Expenses
Trade Show/Conference
Magazines
Association Initiatives/Programs:
Certification/Education
Programs, Meetings and Committees
Membership Program
Government and Public Affairs
Standards and Codes
Foundation – Workforce Development
General and Administrative Expenses:
Salaries, Benefits and Taxes
Professional Fees
Occupancy CostsDepreciation and Amortization
Conferences, Meetings and Travel
Printing and Postage
Information Technology
Merchant and Bank Fees
Other General and Administrative Costs

Total Equity$___________
3,169,841

Total Expenses$
4,122,416____________

Total Liabilities and Equity$
5,206,106________________________

Change in Net Assets$661,693__________________________

Total Assets
Liabilities
Current Liabilities
Deferred Revenue
Deferred Rent
Long-Term Liabilities$____________
5,206,106____________$193,763
1,702,161
56,43583,906___________$497,669
1,078,443
475,876
149,080
97,858158,016
36,483
108,474

900,600
396,185
52,142
14,864
15,941
31,40364,587
17,152
27,643____________* Includes $361,962 of unrealized losses plus actual gains and interest/dividends

The future is bright.

8280 Willow Oaks Corporate Drive, Suite 630
Fairfax, VA 22031
Tel: 703.536.7080 | Fax: 703.536.7019
irrigation.org | info@irrigation.org