Copper Development Association INC FY2021 filing

Not tax-deductible

McLean, VA501(c)(6)Since 1962EIN 13-1974706

Formed to expand the uses and applications of copper and its alloys and to broaden markets for such products.

$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $96K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.4M
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$804K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.5M
+4% vs prior year
Spent
$5.4M
Net assets
$4.3M
By yearFY2020–FY2024
Revenue
$5.5M
FY2021▲ +4%
Revenue by fiscal year
FY2020$5.3M
FY2021$5.5M
FY2022$5.8M
FY2023$6.7M
FY2024$6.2M
Expenses
$5.4M
FY2021▲ +10%
Expenses by fiscal year
FY2020$5.0M
FY2021$5.4M
FY2022$5.8M
FY2023$6.7M
FY2024$6.2M
Net assets
$4.3M
FY2021▲ +2%
Net assets by fiscal year
FY2020$4.2M
FY2021$4.3M
FY2022$4.4M
FY2023$4.4M
FY2024$4.3M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1964.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

24 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$411,923Pt VII · Sec A
Vice President
$255,008Pt VII · Sec A
Director, Material Stewardship
$205,884Pt VII · Sec A
Director, Rod & Bar
$176,708Pt VII · Sec A
Proj. Manager, Building Const.
$125,499Pt VII · Sec A
Dir., Energy & Electrical Sys.
$116,636Pt VII · Sec A
Proj. Mngr. & Piping App. Spec
$108,703Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Thomas S Passek——$116,134$411,923$408,847
Andrew G Kireta JR—$384,077$362,322$255,008$244,561
Adam Estelle$309,081————
Adam Estelle—$244,335$229,636$176,708$149,992
Carrie a Claytor———$205,884$171,288
John Hipchen$204,517$196,391$189,799——
Marcus Elmer$195,695$162,590$116,216——
Zolaikha S Strong————$191,322

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes copper and its alloys to expand their uses and markets.

Provided by the organization

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3 program services, described in the organization's own filed words · FY2021.
01

Industry Technical Research and Development

Technical management and administration of pre-competitive scientific research and development projects to address near to mid-term opportunities for the use and application of copper and copper alloy products and technologies.

Pt IX · col B
02

Member Projects

The development, management and execution of projects to expand, defend and support the use and application of copper and copper alloy fabricated products in various markets within the us. This includes market research, promotional activity, and technical service and support of markets that include: building construction electrical and…

Pt IX · col B
03

Industry Communications

Promotional and advocacy activity to: highlight the quality, performance, and effectiveness of copper and copper alloy products; establish the importance and necessity of copper-based products and technology in everyday life.

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Fees for servicesLn 2g$4.2M
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$4K
Money outPt IX
$5.4M
Ln 25
Owns and owesPt X
$4.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.0M
Total assetsLn 16$5.1M
LiabilitiesLn 26$804K
PeoplePt VI, VII
24
listed · VII A
PaidVII A7
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$4.2M
Investment incomeLn 3$4K
Gains on assetsLn 7$0
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$2.8M
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$4.0M
InvestmentsLn 11–13$23K
Land, buildings, equipmentLn 10c$60K
Other assetsLn 15$987K
Total assetsLn 16$5.1M
LiabilitiesLn 26$804K
Net assetsLn 32$4.3M
OperationsPt I, VI
EmployeesI 510
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$4.5M$4.0M
InvestmentsLn 11–13$17K$23K
Land, buildings, equipmentLn 10c$69K$60K
Total assetsLn 16$5.2M$5.1M
LiabilitiesLn 26$958K$804K
Net assetsLn 32$4.2M$4.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$801K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.2M
Pension plan contributionsLn 8$84K
Other employee benefitsLn 9$197K
Payroll taxesLn 10$102K
Management feesLn 11a$412K
Legal feesLn 11b$33K
Accounting feesLn 11c$42K
Lobbying feesLn 11d$448K
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$11K
Advertising and promotionLn 12$429K
Office expensesLn 13$43K
Information technologyLn 14$149K
RoyaltiesLn 15$0
OccupancyLn 16$17K
TravelLn 17$24K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$24K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$12K
Other expenses (24a–d)Ln 24$1.4M
Total functional expensesLn 25$5.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.2M$6.2M−$50K$4.3M 990 PDF
FY2023 $6.7M$6.7M−$20K$4.4M 990 PDF
FY2022 $5.8M$5.8M$76K$4.4M 990 PDF
FY2021 Viewing $5.5M$5.4M$97K$4.3M 990 PDF
FY2020 $5.3M$5.0M$376K$4.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $5,540,739 across 9 lines filed
VIII-1b Membership dues$1,319,466
VIII-1h Total contributions, gifts and grants$1,319,466
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,217,486$4,217,486
VIII-3 Investment incomeExcluded from tax $3,787$3,787
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $4,217,486 · Excluded from tax $3,787$5,540,739
Part IX · Statement of functional expenses $5,444,145 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$801,063
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$1,170,544
IX-8 Pension plan contributions$84,448
IX-9 Other employee benefits$197,282
IX-10 Payroll taxes$102,499
IX-11a Management fees$412,202
IX-11b Legal fees$32,559
IX-11c Accounting fees$41,861
IX-11d Lobbying fees$447,522
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$11,122
IX-12 Advertising and promotion$428,709
IX-13 Office expenses$43,012
IX-14 Information technology$149,418
IX-15 Royalties$0
IX-16 Occupancy$17,199
IX-17 Travel$23,897
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$24,002
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$8,841
IX-23 Insurance$12,159
IX-24 Other expenses (24a–d)$1,435,806
IX-25 Total functional expenses$5,444,145
Part X · Balance sheet $5,141,566 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $3,357,754$2,825,593
X-2 Savings and temporary cash investmentsStart of year $1,189,546$1,197,708
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $12,504$48,701
X-10c Land, buildings and equipment, netStart of year $69,127$60,286
X-11 Publicly traded securitiesStart of year $16,862$22,551
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $548,110$986,727
X-16 Total assetsStart of year $5,193,903$5,141,566
X-17 Accounts payable and accrued expensesStart of year $730,332$527,007
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $227,898$276,603
X-26 Total liabilitiesStart of year $958,230$803,610
X-27 Net assets without donor restrictionsStart of year $4,235,673$4,337,956
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $4,235,673$4,337,956
X-33 Total liabilities and net assetsStart of year $5,193,903$5,141,566
Part XI · Reconciliation of net assets $4,337,956 net assets at year end
XI-1 Total revenue$5,540,739
XI-2 Total expenses$5,444,145
XI-3 Revenue less expenses$96,594
XI-4 Net assets at start of year$4,235,673
XI-5 Net unrealized gains (losses) on investments$5,689
XI-10 Net assets at end of year$4,337,956

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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