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Gasket Fabricators Association

Not tax-deductible

Wayne, PA501(c)(6)Mutual / membership EIN 23-2122675Revenue $696K in FY2024Latest return filed Aug 11, 2025

On file with the IRSgasketfab.comWayne, PATax-exempt since Aug 1980

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To promote the common interests and improve the conditions of the Gasket Fabricators industry

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · 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 deficit $17K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
10 mo
of spending, in cash
Looks good: 10.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$106K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$696K
+40% vs prior year
Spent
$644K
Net assets
$475K
By yearFY2020–FY2024
Revenue
$696K
FY2024▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$262K
FY2021$351K
FY2022$486K
FY2023$497K
FY2024$696K
Expenses
$644K
FY2024▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$240K
FY2021$458K
FY2022$546K
FY2023$492K
FY2024$644K
Net assets
$475K
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$584K
FY2021$477K
FY2022$417K
FY2023$422K
FY2024$475K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1980.

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Gary Guzek
President
$0Pt VII · Sec A
Erin Gurney
Vice President
$0Pt VII · Sec A
Ryan McCune
Secretary-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Riley Brand
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Brian Condon
Director
$0Pt VII · Sec A
Chuck Keeley
Director
$0Pt VII · Sec A
See Gasket Fabricators Association executive salaries →

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 15aNo

Programs and updates

Improves conditions and promotes common interests for gasket fabricators.

Questions for Gasket Fabricators Association

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1 program · in their own filed words · FY2024
01

Non-profit organization that provides information on the industry via meetings and newsletters to its member organizations.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$696K
Ln 12
Fees for servicesLn 2g$670K
Investment incomeLn 3$25K
Other incomeLn 4–11$2K
Money outPt IX
$644K
Ln 25
Owns and owesPt X
$475K
net assets · Ln 32
Cash and savingsLn 1–2$555K
Total assetsLn 16$581K
LiabilitiesLn 26$106K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$670K
Investment incomeLn 3$25K
Other incomeLn 4–11$2K
Total revenueLn 12$696K
Assets in detailPt X, end of year
CashLn 1$116K
SavingsLn 2$439K
Cash and savings togetherLn 1–2$555K
Accounts receivableLn 4$925
Prepaid expenses and deferred chargesLn 9$26K
Total assetsLn 16$581K
LiabilitiesLn 26$106K
Net assetsLn 32$475K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$521K$555K
Total assetsLn 16$557K$581K
LiabilitiesLn 26$134K$106K
Net assetsLn 32$422K$475K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$80K
Legal feesLn 11b$11K
Accounting feesLn 11c$2K
Other fees for servicesLn 11g$73K
Advertising and promotionLn 12$7K
Office expensesLn 13$15K
Information technologyLn 14$12K
OccupancyLn 16$17K
Conferences, conventions and meetingsLn 19$404K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$20K
Total functional expensesLn 25$644K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Aug 11, 2025 $696K$644K$52K$475K 990 PDF
FY2023Filed with the IRS Apr 19, 2024 $497K$492K$5K$422K 990 PDF
FY2022Filed with the IRS Jul 10, 2023 $486K$546K−$60K$417K 990 PDF
FY2021Filed with the IRS May 5, 2022 $351K$458K−$107K$477K 990 PDF
FY2020Filed with the IRS Apr 16, 2021 $262K$240K$22K$584K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $696,448 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $480,394$670,171
I-10 Investment incomePrior year $14,311$24,527
I-11 Other revenuePrior year $1,900$1,750
I-12 Total revenuePrior year $496,605$696,448
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $491,560$643,973
I-18 Total expensesPrior year $491,560$643,973
I-19 Revenue less expensesPrior year $5,045$52,475
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $696,448 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $670,171$670,171
VIII-3 Investment incomeExcluded from tax $24,527$24,527
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,750$1,750
VIII-12 Total revenueRelated to mission $670,171 · Unrelated business $1,750 · Excluded from tax $24,527$696,448
Part IX · Statement of functional expenses $643,973 across 11 lines filed
IX-11a Management fees$80,290
IX-11b Legal fees$11,023
IX-11c Accounting fees$2,137
IX-11g Other fees for services$72,778
IX-12 Advertising and promotion$7,313
IX-13 Office expenses$14,917
IX-14 Information technology$12,431
IX-16 Occupancy$16,580
IX-19 Conferences, conventions and meetings$404,217
IX-23 Insurance$2,566
IX-24 Other expenses (24a–d)$19,721
IX-25 Total functional expenses$643,973
Part X · Balance sheet $581,144 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $5,821$115,578
X-2 Savings and temporary cash investmentsStart of year $515,216$439,001
X-4 Accounts receivableStart of year $250$925
X-9 Prepaid expenses and deferred chargesStart of year $35,380$25,640
X-16 Total assetsStart of year $556,667$581,144
X-17 Accounts payable and accrued expensesStart of year $2,656$1,163
X-19 Deferred revenueStart of year $131,838$105,333
X-26 Total liabilitiesStart of year $134,494$106,496
X-27 Net assets without donor restrictionsStart of year $422,173$474,648
X-32 Total net assets or fund balancesStart of year $422,173$474,648
X-33 Total liabilities and net assetsStart of year $556,667$581,144
Part XI · Reconciliation of net assets $474,648 net assets at year end
XI-1 Total revenue$696,448
XI-2 Total expenses$643,973
XI-3 Revenue less expenses$52,475
XI-4 Net assets at start of year$422,173
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$474,648

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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