Industry Development Fund FY2023 filing

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EIN 23-7315360 Mutual-benefit / member-serving Omaha, NE
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$1.4M
FY2023▲ +20%
Expenses
$948K
FY2023▲ +8%

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Promotes the mechanical contracting industry through education and advocacy. For fiscal year 2023 it reported $1.4M in revenue, $948K in expenses, and $2.5M in net assets.Pt I

Founded
1970
Type
Mutual-benefit / member-serving · Nonprofit
Location
Omaha, NE
Website
www.mca-omaha.org
Filings
6 on file (2020–2023)
Revenue
$1.4MFY2023
Expenses
$948K
Net assets
$2.5M
People
10
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Figures match the IRS filing checked 9/24/26 · see original: IRS
Provided by the organization

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Size
$1–10M
What they do
Promotes the mechanical contracting industry through education and advocacy.
Leadership
Kelsey Johnson · Executive Director · $77K
Money in and out
$1.4M revenue, $948K expenses
Bottom line
+33% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

WARNING

No — not deductible

IRS records this as a A labor, agricultural, or horticultural organization.; contributions are not deductible as charitable gifts. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Dairy Promotion INC

1 distinct foundation funder(s) on file, $767K received in the most recent year with grants. See detail →

How is the money spent?

WARNING

52% to programs

52% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$1–10M · ↑ +20% vs prior year

Revenue band $1–10M, +20% versus the prior filing year (up). See detail →

Reported financial activity · FY2023
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$948K
Pt IX · Ln 25
Net assets
$2.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $468K
Where spending went · Part IX cols B–D
Program services $0.52 Management & general $0.48
Surplus margin
+33%
revenue over expenses, this year
Program spending
52%
of expenses reach programs

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$2.9M
FY2023▲ +22%
Total liabilities
$357K
FY2023▲ +16%
Revenue less expensesPt I · Ln 19$468K
Total assetsPt X · Ln 16$2.9M
Program-expense ratioPt IX · col B52%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CIndustry Development Fund
EINHdr · item D23-7315360
Principal addressHdr · item COmaha, NE
WebsiteHdr · item Jwww.mca-omaha.org
Year of formationHdr · item L1970
State of legal domicileHdr · item MNE
Exempt statusHdr · item I501(c)(5) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1974

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$77,195Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $488K of program spending, described in the organization's own filed words · FY2023.
01

The services and activities provided by the industry development fund include conventions, labor relations, public relations, membership meetings and program committee meetings.

$488Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$1.3M · 92%
Investment income$111K · 8%
Program service revenue92%$1.3M
Investment income8%$111K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.52 Management & general $0.48
Program services52%$488K
Management & general48%$459K
Total functional expensesLn 25$948K

Balance Sheet

Part X · end of year
CashLn 1$1.5M
Total assetsLn 16$2.9M
Total liabilitiesLn 26$357K
Total net assetsLn 32$2.5M
Months of cash on handcomputed18.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses/yr $948K
23.3 months
Where the money goes
Program services
Program services $488K · Total expenses $948K
52%
Management & General
Management & general $459K · Total expenses $948K
48%
Fundraising
Fundraising $0 · Total expenses $948K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $1.4M
0%
Government reliance
Government grants — · Total revenue $1.4M
—
Earned-income share
Program service revenue $1.3M · Total revenue $1.4M
92%
Investment reliance
Investment income $111K · Total revenue $1.4M
+8%
Program self-sufficiency
Program service revenue $1.3M · Total expenses $948K
138%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $1.2M
+20%
Net-asset trend (YoY)
End of year $2.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $948K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $2.9M
—
Net-asset ratio
Net assets $2.5M · Total assets $2.9M
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $354K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.9M
12%
People & payroll
Highest Reported Total Compensation
Individual Kelsey Johnson · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $77K · Total expenses $948K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $132K · Total expenses $948K
14%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 52%——
Overhead ratio 48%——
Revenue growth 20%——
Accounting fee ratio 1.0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$767K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.6M revenue · ⤓ 990 PDF
FY2024$1.4M revenue · ⤓ 990 PDF
FY2023$1.4M revenue · viewing · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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