Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1974.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
56 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
10 people listed on the 990; $78K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Kelsey Johnson | $77,532 | $80,459 | $77,195 | $64,052 | $65,802 | $64,025 |
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.
See Industry Development Fund 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 15aYes
Programs and updates
Promotes the mechanical contracting industry through education and advocacy.
Questions for Industry Development Fund
Your first name shows with your question. Industry Development Fund answers here, for everyone.
The services and activities provided by the industry development fund include conventions, labor relations, public relations, membership meetings and program committee meetings.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.1M | $2.4M |
| InvestmentsLn 11–13 | $882K | $1.0M |
| Total assetsLn 16 | $3.2M | $3.8M |
| LiabilitiesLn 26 | $269K | $436K |
| Net assetsLn 32 | $2.9M | $3.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $85K | $85K | ||
| Other salaries and wagesLn 7 | $44K | $44K | ||
| Payroll taxesLn 10 | $9K | $9K | ||
| Accounting feesLn 11c | $15K | $15K | ||
| Other fees for servicesLn 11g | $158 | $158 | ||
| Advertising and promotionLn 12 | $1K | $1K | ||
| Information technologyLn 14 | $2K | $2K | ||
| OccupancyLn 16 | $12K | $12K | ||
| Conferences, conventions and meetingsLn 19 | $206K | $206K | ||
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $676K | $413K | $263K | |
| All other expensesLn 24e | $54K | $4K | $50K | |
| Total functional expensesLn 25 | $1.1M | $624K | $484K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Aug 17, 2026 | $1.6M | $1.1M | $459K | $3.4M | 990 PDF |
| FY2024Filed with the IRS Aug 15, 2025 | $1.4M | $993K | $442K | $2.9M | 990 PDF |
| FY2023Filed with the IRS Oct 25, 2024 | $1.4M | $948K | $468K | $2.5M | 990 PDF |
| FY2022Filed with the IRS Nov 14, 2023 | $1.2M | $873K | $306K | $2.0M | 990 PDF |
| FY2021Filed with the IRS Nov 10, 2022 | $1.1M | $1.2M | −$135K | $1.8M | 990 PDF |
| FY2020Filed with the IRS Aug 3, 2021 | $1.0M | $644K | $378K | $2.0M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $1,567,343 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 2 to look at
Part VIII · Statement of revenue $1,567,343 across 3 lines filed
Part IX · Statement of functional expenses $1,108,090 across 12 lines filed
Part X · Balance sheet $3,846,506 assets, 13 lines filed
Part XI · Reconciliation of net assets $3,410,614 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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