Isda Fraternal Association

Tax-deductible

Pittsburgh, PA501(c)(8)Since 1960EIN 25-1091698

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Provide Fraternal Benefits to Members

501(c)(8) charity; gifts are tax-deductible.
Run by 13 volunteers and 11 employees.
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)(8)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
5 of 5
filings with a surplus
Average surplus $3.2M a year · 4% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$691K
to officers and key staff · 0.7% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$415.7M
96% of total assets
Concern: liabilities are 96% of assets; over 80%.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$99.1M
+15% vs prior year
Spent
$95.4M
To programs
0%
Net assets
$16.5M
By yearFY2020–FY2024
Revenue
$99.1M
FY2024▲ +15%
Revenue by fiscal year
FY2020$58.9M
FY2021$84.5M
FY2022$83.2M
FY2023$86.2M
FY2024$99.1M
Expenses
$95.4M
FY2024▲ +16%
Expenses by fiscal year
FY2020$57.1M
FY2021$81.1M
FY2022$79.8M
FY2023$82.4M
FY2024$95.4M
Net assets
$16.5M
FY2024▲ +3%
Net assets by fiscal year
FY2020$9.8M
FY2021$12.4M
FY2022$14.3M
FY2023$15.9M
FY2024$16.5M

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 Sep 1963.

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

Who runs it and what they're paid

18 people listed on the 990; $691K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$250,000Pt VII · Sec A
Sales Manager
$201,869Pt VII · Sec A
Controller
$177,482Pt VII · Sec A
Social Media Manager
$61,266Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Basil Russo$250,000$184,616$150,000$57,692—
James Laick$201,869$191,503$194,481$151,817$152,731
Joann Blackwell$177,482$167,866$151,327$125,750$120,577
John Deike$61,266$119,767$102,296——
Joseph Rosalina—$65,385$100,000$38,462—

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 Isda Fraternal Association executive salaries →

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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 15aNo

Programs and updates

Offers fraternal benefits to members.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2024.
01

Provide fraternal benefits to members

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$99.1M
Ln 12
Fees for servicesLn 2g$77.6M
Investment incomeLn 3$21.5M
Money outPt IX
$95.4M
Ln 25
Owns and owesPt X
$16.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$432.2M
LiabilitiesLn 26$415.7M
PeoplePt VI, VII
18
listed · VII A
PaidVII A4
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$77.6M
Investment incomeLn 3$21.5M
Gains on assetsLn 7$710K
Total revenueLn 12$99.1M
Assets in detailPt X, end of year
CashLn 1$1.7M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$424.7M
Other assetsLn 15$5.5M
Total assetsLn 16$432.2M
LiabilitiesLn 26$415.7M
Net assetsLn 32$16.5M
OperationsPt I, VI
EmployeesI 511
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$1.0M$1.7M
InvestmentsLn 11–13$375.1M$424.7M
Total assetsLn 16$381.1M$432.2M
LiabilitiesLn 26$365.2M$415.7M
Net assetsLn 32$15.9M$16.5M
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$38.8M
Pay of current officers, directors and key staffLn 5$629K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$319K
Pension plan contributionsLn 8$32K
Other employee benefitsLn 9$32K
Payroll taxesLn 10$60K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$195K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$30K
Office expensesLn 13$62K
Information technologyLn 14$116K
RoyaltiesLn 15$0
OccupancyLn 16$36K
TravelLn 17$25K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$23K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$19K
Other expenses (24a–d)Ln 24$55.0M
All other expensesLn 24e$0
Total functional expensesLn 25$95.4M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $99.1M$95.4M$3.8M$16.5M 990 PDF
FY2023 $86.2M$82.4M$3.8M$15.9M 990 PDF
FY2022 $83.2M$79.8M$3.4M$14.3M 990 PDF
FY2021 $84.5M$81.1M$3.4M$12.4M 990 PDF
FY2020 $58.9M$57.1M$1.8M$9.8M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $99,118,418 across 9 lines filed
VIII-1c Fundraising events$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $77,601,116 · Unrelated business $0 · Excluded from tax $0$77,601,116
VIII-3 Investment incomeRelated to mission $20,807,656 · Unrelated business $0 · Excluded from tax $0$20,807,656
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $709,646 · Unrelated business $0 · Excluded from tax $0$709,646
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $99,118,418 · Unrelated business $0 · Excluded from tax $0$99,118,418
Part IX · Statement of functional expenses $95,364,536 across 31 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$38,820,212
IX-5 Pay of current officers, directors and key staff$629,351
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$319,137
IX-8 Pension plan contributions$31,880
IX-9 Other employee benefits$31,697
IX-10 Payroll taxes$59,653
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$194,870
IX-11g Other fees for services$0
IX-12 Advertising and promotion$30,267
IX-13 Office expenses$61,596
IX-14 Information technology$116,311
IX-15 Royalties$0
IX-16 Occupancy$36,000
IX-17 Travel$25,082
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$22,876
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$19,114
IX-24 Other expenses (24a–d)$54,966,490
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$95,364,536
Part X · Balance sheet $432,153,590 assets, 21 lines filed
Asset lines not itemized here account for $292,975; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,038,299$1,676,039
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $4,184$3,406
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $375,094,549$424,676,598
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 $4,716,350$5,504,572
X-16 Total assetsStart of year $381,137,563$432,153,590
X-17 Accounts payable and accrued expensesStart of year $418,982$530,418
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 $364,804,273$415,166,780
X-26 Total liabilitiesStart of year $365,223,255$415,697,198
X-32 Total net assets or fund balancesStart of year $15,914,308$16,456,392
X-33 Total liabilities and net assetsStart of year $381,137,563$432,153,590
Part XI · Reconciliation of net assets $16,456,392 net assets at year end
XI-1 Total revenue$99,118,418
XI-2 Total expenses$95,364,536
XI-3 Revenue less expenses$3,753,882
XI-4 Net assets at start of year$15,914,308
XI-5 Net unrealized gains (losses) on investments−$3,915,511
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$703,713
XI-10 Net assets at end of year$16,456,392

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

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