Coin Laundry Association FY2023 filing

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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.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$393K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2023 · 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
$393K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $4.5M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $4.5M in investments.
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
$520K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
+23% vs prior year
Spent
$2.8M
Net assets
$4.3M
By yearFY2020–FY2025
Revenue
$2.6M
FY2023▲ +23%
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
$2.8M
FY2023▲ +14%
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
$4.3M
FY2023▲ +4%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

18 people listed on the 990; $393K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$255,340Pt VII · Sec A
Director of Membership
$137,173Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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.

See Coin Laundry 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 15aYes

Programs and updates

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

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3 programs · in their own filed words · FY2023
01

Planetlaundry is the association's print and digital publication targeted to more than 10,500 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
02

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
03

Various meetings, workshops and conferences to educate and update members and others on topics relating to the coin laundry industry.

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$1.8M
Gifts and grantsLn 1h$332K
Other incomeLn 4–11$230K
Money outPt IX
$2.8M
Ln 25
Owns and owesPt X
$4.3M
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$4.8M
LiabilitiesLn 26$520K
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$332K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$184K
Other incomeLn 4–11$230K
Gains on assetsLn 7$47K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
SavingsLn 2$20K
Cash and savings togetherLn 1–2$20K
InvestmentsLn 11–13$4.5M
Land, buildings, equipmentLn 10c$41K
Other assetsLn 15$103K
Total assetsLn 16$4.8M
LiabilitiesLn 26$520K
Net assetsLn 32$4.3M
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 FY23End FY23
Cash and savingsLn 1–2$103K$20K
InvestmentsLn 11–13$4.2M$4.5M
Land, buildings, equipmentLn 10c$50K$41K
Total assetsLn 16$4.7M$4.8M
LiabilitiesLn 26$567K$520K
Net assetsLn 32$4.1M$4.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$290K
Other salaries and wagesLn 7$710K
Pension plan contributionsLn 8$30K
Other employee benefitsLn 9$67K
Payroll taxesLn 10$73K
Legal feesLn 11b$7K
Accounting feesLn 11c$33K
Lobbying feesLn 11d$96K
Investment management feesLn 11f$18K
Other fees for servicesLn 11g$8K
Advertising and promotionLn 12$199K
Office expensesLn 13$82K
Information technologyLn 14$102K
OccupancyLn 16$50K
TravelLn 17$19K
Conferences, conventions and meetingsLn 19$619K
Depreciation, depletion and amortizationLn 22$23K
InsuranceLn 23$16K
Other expenses (24a–d)Ln 24$325K
All other expensesLn 24e$270
Total functional expensesLn 25$2.8M

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 Viewing $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 $1.4M$1.7M−$296K$5.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $2,569,815 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $137,487$331,535
I-9 Program service revenuePrior year $1,635,415$1,823,965
I-10 Investment incomePrior year $126,509$184,156
I-11 Other revenuePrior year $195,675$230,159
I-12 Total revenuePrior year $2,095,086$2,569,815
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 $1,170,151$1,169,928
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,266,702$1,596,251
I-18 Total expensesPrior year $2,436,853$2,766,179
I-19 Revenue less expensesPrior year −$341,767−$196,364
Part VI · Governance 16 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $2,569,815 across 8 lines filed
Lines not itemized here account for $141,670 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$331,535
VIII-1h Total contributions, gifts and grants$331,535
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $882,272 · Unrelated business $800,023$1,682,295
VIII-3 Investment incomeExcluded from tax $136,669$136,669
VIII-5 RoyaltiesExcluded from tax $208,321$208,321
VIII-7 Net gain or loss on sales of assetsExcluded from tax $47,487$47,487
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21,838$21,838
VIII-12 Total revenueRelated to mission $1,045,780 · Unrelated business $800,023 · Excluded from tax $392,477$2,569,815
Part IX · Statement of functional expenses $2,766,179 across 20 lines filed
IX-5 Pay of current officers, directors and key staff$290,157
IX-7 Other salaries and wages$710,162
IX-8 Pension plan contributions$30,088
IX-9 Other employee benefits$66,779
IX-10 Payroll taxes$72,742
IX-11b Legal fees$6,728
IX-11c Accounting fees$32,896
IX-11d Lobbying fees$96,500
IX-11f Investment management fees$17,945
IX-11g Other fees for services$7,500
IX-12 Advertising and promotion$199,036
IX-13 Office expenses$81,604
IX-14 Information technology$102,348
IX-16 Occupancy$49,717
IX-17 Travel$18,666
IX-19 Conferences, conventions and meetings$618,507
IX-22 Depreciation, depletion and amortization$23,417
IX-23 Insurance$15,914
IX-24 Other expenses (24a–d)$325,203
IX-24e All other expenses$270
IX-25 Total functional expenses$2,766,179
Part X · Balance sheet $4,808,231 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $103,360$20,415
X-4 Accounts receivableStart of year $50,982$37,941
X-9 Prepaid expenses and deferred chargesStart of year $105,843$92,513
X-10c Land, buildings and equipment, netStart of year $50,377$41,453
X-11 Publicly traded securitiesStart of year $4,166,593$4,513,116
X-15 Other assetsStart of year $208,638$102,793
X-16 Total assetsStart of year $4,685,793$4,808,231
X-17 Accounts payable and accrued expensesStart of year $75,959$80,400
X-19 Deferred revenueStart of year $280,500$267,797
X-25 Other liabilitiesStart of year $210,445$172,139
X-26 Total liabilitiesStart of year $566,904$520,336
X-27 Net assets without donor restrictionsStart of year $3,826,882$4,141,934
X-28 Net assets with donor restrictionsStart of year $292,007$145,961
X-32 Total net assets or fund balancesStart of year $4,118,889$4,287,895
X-33 Total liabilities and net assetsStart of year $4,685,793$4,808,231
Part XI · Reconciliation of net assets $4,287,895 net assets at year end
XI-1 Total revenue$2,569,815
XI-2 Total expenses$2,766,179
XI-3 Revenue less expenses−$196,364
XI-4 Net assets at start of year$4,118,889
XI-5 Net unrealized gains (losses) on investments$365,370
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,287,895

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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