Coin Laundry Association FY2020 filing

Not tax-deductible

Oakbrook Ter, IL501(c)(6)Community DevelopmentEIN 36-2439458Revenue $1.4M in FY2020

On file with the IRScoinlaundry.org17w635 Butterfield Rd Ste 145, 60181-4026 · Oakbrook Ter, ILTax-exempt since Aug 1962

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To be the preeminent resource in the Laundry industry by providing Laundry operators with the connectivity, advocacy, education and unbiased industry research required to grow great business owner / operators.

$464K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $141K a year · 6% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$464K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$362K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
Spent
$1.7M
Net assets
$5.1M
By yearFY2020–FY2025
Revenue
$1.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.9M
FY2022$2.1M
FY2023$2.6M
FY2024$2.8M
FY2025$3.2M
Expenses
$1.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$2.0M
FY2022$2.4M
FY2023$2.8M
FY2024$2.8M
FY2025$3.2M
Net assets
$5.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.1M
FY2021$5.4M
FY2022$4.1M
FY2023$4.3M
FY2024$4.5M
FY2025$4.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1962.

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

Who runs it and what they're paid

21 people listed on the 990; $464K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$239,115Pt VII · Sec A
Dir. of Membership
$123,352Pt VII · Sec A
Dir. of Marketing and Online Development
$101,807Pt VII · Sec A
Chair Elect
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Brian Wallace’s $323K as President & CEO is at the 88th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brian Wallace$323,468$279,000$255,340$244,212$240,102$239,115
Danielle Bauer$161,160$152,891$137,173$132,324$129,586$123,352
Daniel Naumann$134,600$125,000————
Antonika Thomas$114,828$102,650————
Martha Lara———$109,173——
Christina Gonzalez$105,110—————
Richard Cruz—————$101,807

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

Empowers laundry operators with resources, advocacy, and research to grow their businesses.

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

The coin laundry association (cla) launched cla connect live to bring professionals in the laundry industry together with the intent of holding more meetings in more places for more members.

Pt IX · col B
02

Planetlaundry is the association's print and digital publication targeted to more than 11,100 members and potential investors in the self-service laundry industry each month. The print magazine has been educating the industry on best practices for more than 25 years; and the planetlaundry website (WWW.PLANETLAUNDRY.COM) welcomed nearly…

Pt IX · col B
03

Member services dedicated to improving the profitability and understanding of the coin laundry and drycleaning industry including industry marketing and providing educational materials

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.2M
Other incomeLn 4–11$133K
Investment incomeLn 3$92K
Money outPt IX
$1.7M
Ln 25
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$220K
Total assetsLn 16$5.5M
LiabilitiesLn 26$362K
PeoplePt VI, VII
21
listed · VII A
PaidVII A3
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$92K
Other incomeLn 4–11$133K
Gains on assetsLn 7$280
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
SavingsLn 2$220K
Cash and savings togetherLn 1–2$220K
InvestmentsLn 11–13$5.0M
Land, buildings, equipmentLn 10c$50K
Other assetsLn 15$9K
Total assetsLn 16$5.5M
LiabilitiesLn 26$362K
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 510
VolunteersI 617
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 FY20End FY20
Cash and savingsLn 1–2$4.2M$220K
InvestmentsLn 11–13$5.0M
Land, buildings, equipmentLn 10c$72K$50K
Total assetsLn 16$5.0M$5.5M
LiabilitiesLn 26$120K$362K
Net assetsLn 32$4.8M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$269K
Other salaries and wagesLn 7$656K
Pension plan contributionsLn 8$31K
Other employee benefitsLn 9$62K
Payroll taxesLn 10$64K
Legal feesLn 11b$10K
Accounting feesLn 11c$52K
Lobbying feesLn 11d$22K
Investment management feesLn 11f$11K
Office expensesLn 13$61K
Information technologyLn 14$85K
OccupancyLn 16$68K
TravelLn 17$3K
Conferences, conventions and meetingsLn 19$20K
Depreciation, depletion and amortizationLn 22$39K
InsuranceLn 23$15K
Other expenses (24a–d)Ln 24$259K
Total functional expensesLn 25$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.2M$3.2M$33K$4.4M 990 PDF
FY2024 $2.8M$2.8M−$4K$4.5M 990 PDF
FY2023 $2.6M$2.8M−$196K$4.3M 990 PDF
FY2022 $2.1M$2.4M−$342K$4.1M 990 PDF
FY2021 $1.9M$2.0M−$42K$5.4M 990 PDF
FY2020 Viewing $1.4M$1.7M−$296K$5.1M 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 FY2020 990 (6 parts)
Part I · Summary $1,431,068 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $152,814$10,763
I-9 Program service revenuePrior year $1,546,053$1,194,822
I-10 Investment incomePrior year $3,863,488$92,287
I-11 Other revenuePrior year $126,386$133,196
I-12 Total revenuePrior year $5,688,741$1,431,068
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 $1,200,658$1,080,888
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,116,066$646,393
I-18 Total expensesPrior year $2,316,724$1,727,281
I-19 Revenue less expensesPrior year $3,372,017−$296,213
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,431,068 across 7 lines filed
VIII-1f All other contributions, gifts and grants$10,763
VIII-1h Total contributions, gifts and grants$10,763
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $593,352 · Unrelated business $601,470$1,194,822
VIII-3 Investment incomeExcluded from tax $92,007$92,007
VIII-5 RoyaltiesExcluded from tax $133,196$133,196
VIII-7 Net gain or loss on sales of assetsExcluded from tax $280$280
VIII-12 Total revenueRelated to mission $593,352 · Unrelated business $601,470 · Excluded from tax $225,483$1,431,068
Part IX · Statement of functional expenses $1,727,281 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$269,092
IX-7 Other salaries and wages$655,774
IX-8 Pension plan contributions$30,581
IX-9 Other employee benefits$61,508
IX-10 Payroll taxes$63,933
IX-11b Legal fees$10,340
IX-11c Accounting fees$51,546
IX-11d Lobbying fees$22,000
IX-11f Investment management fees$10,785
IX-13 Office expenses$61,443
IX-14 Information technology$84,816
IX-16 Occupancy$68,441
IX-17 Travel$3,436
IX-19 Conferences, conventions and meetings$20,061
IX-22 Depreciation, depletion and amortization$38,811
IX-23 Insurance$15,251
IX-24 Other expenses (24a–d)$259,463
IX-25 Total functional expenses$1,727,281
Part X · Balance sheet $5,459,531 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $4,243,031$220,146
X-4 Accounts receivableStart of year $540,598$78,776
X-9 Prepaid expenses and deferred chargesStart of year $96,602$91,771
X-10c Land, buildings and equipment, netStart of year $71,834$50,358
X-11 Publicly traded securities$5,009,092
X-15 Other assetsStart of year $9,466$9,388
X-16 Total assetsStart of year $4,961,531$5,459,531
X-17 Accounts payable and accrued expensesStart of year $22,792$21,275
X-19 Deferred revenueStart of year $43,578$280,499
X-25 Other liabilitiesStart of year $54,000$60,000
X-26 Total liabilitiesStart of year $120,370$361,774
X-27 Net assets without donor restrictionsStart of year $4,528,614$4,798,510
X-28 Net assets with donor restrictionsStart of year $312,547$299,247
X-32 Total net assets or fund balancesStart of year $4,841,161$5,097,757
X-33 Total liabilities and net assetsStart of year $4,961,531$5,459,531
Part XI · Reconciliation of net assets $5,097,757 net assets at year end
XI-1 Total revenue$1,431,068
XI-2 Total expenses$1,727,281
XI-3 Revenue less expenses−$296,213
XI-4 Net assets at start of year$4,841,161
XI-5 Net unrealized gains (losses) on investments$761,992
XI-8 Prior period adjustments−$209,183
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,097,757

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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