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      <TotalLiabilities>
        <BOY>59108</BOY>
        <EOY>32713</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>112737</BOY>
        <EOY>103609</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>8887</BOY>
        <EOY>4444</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>121624</BOY>
        <EOY>108053</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>180732</BOY>
        <EOY>140766</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-13571</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>18000</OtherCostOrOtherBasis>
        <Depreciation>12000</Depreciation>
        <BookValue>6000</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>6000</TotalOfBookValueLandBuildings>
      <TotalRevenue>361761</TotalRevenue>
      <TotalExpenses>375332</TotalExpenses>
      <ExcessOrDeficitForYear>-13571</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>-13571</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>361761</TotRevenueEtcAuditedFinclStmt>
      <RevenueNotRptdF990>0</RevenueNotRptdF990>
      <RevenueSubtotal>361761</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>361761</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>375332</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>375332</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>375332</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X:</ReturnReference>
        <Explanation>PART X, LINE 2: THE ASSOCIATION'S ADOPTION OF FIN 48/ASC 740 IN 2011 RESULTED IN NO MATERAL IMPACT ON THE ASSOCIATION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 2</ReturnReference>
        <Explanation>DIRECTORS ANDY GROSS AND GREG GROSS ARE BROTHERS, BUT BOTH HAVE DISTINCTLY SEPARATE STEEL DISTRIBUTION BUSINESSES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 3</ReturnReference>
        <Explanation>SMITHBUCKLIN CORPORATION MANAGES ALL ASPECTS OF THE ORGANIZATION'S IN ACCORDANCE WITH THE ORGANIZATION'S BY-LAWS AND POLICIES. OPERATIONS MAY INCLUDE BUT ARE NOT LIMITED TO ADMINISTRATION, MEMBERSHIP, FINANCE AND ACCOUNTING, CONVENTION/TRADESHOW/MEETING PLANNING, EDUCATION, MARKETING,INFORMATION TECHNOLOGY, AND GOVERNMENT RELATIONS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 6</ReturnReference>
        <Explanation>THE MEMBERSHIP OF ASD CONSISTS OF REGULAR (VOTING), ASSOCIATE (NONVOTING), AND ALLIED (NONVOTING) MEMBERS. MEMBERSHIP IS SUBJECT TO THE QUALIFICATIONS AND ADMISSIONS PROCEDURES:REGULAR MEMBERS SHALL INCLUDE ANY PROPRIETORSHIP, PARTNERSHIP OR CORPORATION WHOSE PRINCIPAL BUSINESS IS THE DISTRIBUTION OF STEEL PRODUCTS AND WHICH MEETS THE QUALIFICATIONS:THEY SHALL UTILIZE ONE OR MORE FIXED SITE DISTRIBUTION FACILITIES; PURCHASE FOR THEIR OWN ACCOUNT AND OWN A MINIMUM OF $500,000 IN INVENTORY OR STEEL PRODUCTS OR IN PROCESSING EQUIPMENT; HAVE A MINIMUM OF $5,000,000 IN YEARLY SALES; UTILIZE VARIOUS MATERIAL HANDLING AND/OR PROCESSING EQUIPMENT; HAVE CAPABILITY TO RECEIVE, WAREHOUSE AND DELIVER OR SHIP PRODUCTS FROM EACH DISTRIBUTION FACILITY; AND MEET SUCH OTHER UNIFORM CRITERIA AS THE BOARD OF DIRECTORS MAY ESTABLISH; APPLICANT SHALL DEMONSTRATE FINANCIAL STABILITY, AND SATISFACTORY BUSINESS REPUTATION. ASSOCIATE MEMBERS INCLUDE ANY SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION WHOSE PRINCIPAL BUSINESS IS THE DISTRIBUTION OF STEEL PRODUCTS. ASSOCIATES INCLUDE COMPANIES THAT DO NOT QUALIFY AS REGULAR MEMBERS AT THE TIME OF APPLICATION. ASSOCIATE MEMBERS INCLUDE BROKERS AND STEEL DISTRIBUTORS WHO DO NOT QUALIFY AS REGULAR MEMBERS. ALLIED MEMBERS INCLUDE ANY CORPORATION, PARTNERSHIP, OR SOLE PROPRIETORSHIP WHOSE BUSINESS INTERESTS ARE ALLIED TO THE STEEL DISTRIBUTION INDUSTRY AND THE GOALS OF ASD, INCLUDING BUT NOT LIMITED TO STEEL MILLS (BOTH DOMESTIC AND FOREIGN), TRADING COMPANIES, MACHINERY AND EQUIPMENT MANUFACTURERS AND THEIR AGENTS, TRUCKING COMPANIES, SUPPLIERS AND VENDORS TO THE STEEL INDUSTRY AND OTHER TRADE ORGANIZATIONS THAT CAN PROVIDE SPECIFIC INFORMATION USEFUL TO ASD OR ITS MEMBERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 7A</ReturnReference>
        <Explanation>REGULAR MEMBERS MAY ATTEND ALL REGIONAL AND NATIONAL MEMBERSHIP MEETINGS WITH RIGHT TO DISCUSSION AND VOTE ON ANY MOTION. THEY MAY ATTEND ALL BOARD OF DIRECTORS MEETINGS AND SHALL HAVE THE RIGHT OF DISCUSSION OTHER THAN ON A MOTION. REGULAR MEMBERS MAY HOLD REGIONAL AND/OR NATIONAL OFFICE AND/OR DIRECTORSHIP. ASSOCIATE MEMBERS AND ALLIED MEMBERS MAY ATTEND ALL REGIONAL AND NATIONAL MEMBERSHIP MEETINGS EXCEPT THOSE DECLARED CLOSED TO ALL BUT REGULAR MEMBERS BY THE REGIONAL CHAIRMAN OR THE BOARD OF DIRECTORS RESPECTIVELY; BUT SHALL NOT HAVE A VOTE OR OTHER RIGHTS OR PRIVILEGES EXCEPT DISCUSSION OTHER THAN ON A MOTION; AND SHALL NOT BE ENTITLED TO HOLD OFFICE AS AN OFFICER OR DIRECTOR; BUT MAY SERVE ON COMMITTEES IN ANY CAPACITY UNLESS OTHERWISE PROVIDED BY THE ASSOCIATION'S BYLAWS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE MANAGEMENT COMPANY REVIEWS THE TAX RETURN BEFORE IT IS FILED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>ANNUAL REVIEW.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15A</ReturnReference>
        <Explanation>THE ORGANIZATION PAYS ITS EXECUTIVE DIRECTOR VIA AN ASSOCIATION MANAGEMENT COMPANY AND THE BOARD REVIEWS MANAGEMENT COMPANY FEES ANNUALLY, ASSURING THEY MEET FAIR VALUE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>DOCUMENTS ARE AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART XII, LINE 2 C</ReturnReference>
        <Explanation>THE PROCESS IS THE SAME AS THE PREVIOUS YEAR.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>