Nassco INC FY2023 filing

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Promotion of the sewer service industry.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4508786) · Dispute this line
88¢ of each $1 spent went to programs.
$191K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $119K a year · 3% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
88% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$191K
to officers and key staff · 4% of spending
Pay to officers and key staff is 4% of spending.
Part VII, Section A
5.6 mo
of spending, in cash
5.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
36% of total assets
Liabilities are 36% of assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
11 of 11 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$4.9M
+5% vs prior year
Spent
$5.1M
To programs
88%
Net assets
$2.8M
By yearFY2020–FY2025
Revenue
$4.9M
FY2023▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$2.3M
FY2022$4.7M
FY2023$4.9M
FY2024$5.9M
FY2025$8.1M
Expenses
$5.1M
FY2023▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$2.2M
FY2022$3.9M
FY2023$5.1M
FY2024$6.2M
FY2025$7.7M
Net assets
$2.8M
FY2023▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$2.9M
FY2023$2.8M
FY2024$2.5M
FY2025$3.0M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $4.5M Management & general 12% · $612K Fundraising 0% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $191K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$191,087Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treaurer
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sheila Joy$202,084$200,832$191,087$181,082$176,736$181,756
Dennis Pivin$180,188—————
Laurie Perkins$168,269—————
Heather Myers$119,359$111,846————

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 Nassco INC 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 sewer service industry through education and advocacy.

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1 program · $4.5M · in their own filed words · FY2022
01

Promote public awareness and acceptance of sewer service industry issues, develop certification programs, formulate industry specifications and guidelines.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4508786) · Dispute this line
$4.5Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 15 grants · $201K · 2019–2024
Unitemized GrantFY2024$10,000
Unitemized GrantFY2023$10,000
Unitemized GrantFY2022$5,000
Unitemized GrantFY2022$5,000
Unitemized GrantFY2021$10,000
Unitemized GrantFY2021$5,000
Skills USA INCVA · FY2020$50,000
Unitemized GrantFY2020$10,000
Virginia Tech Foundation INC Engineering ProgramFY2020$5,000
Unitemized GrantFY2020$4,865
Skills USA INCVA · FY2019$50,000
Unitemized GrantFY2019$25,000
Unitemized GrantFY2019$4,735
Unitemized GrantFY2019$905

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.9M
Ln 12
Fees for servicesLn 2g$4.6M
Gifts and grantsLn 1h$230K
Other incomeLn 4–11$69K
Money outPt IX
$5.1M
Ln 25
Programscol B$4.5M
Managementcol C$612K
Fundraisingcol D$6K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$4.4M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$230K
Fees for servicesLn 2g$4.6M
Investment incomeLn 3$31K
Other incomeLn 4–11$69K
Gains on assetsLn 7$7K
Total revenueLn 12$4.9M
Assets in detailPt X, end of year
CashLn 1$952K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$2.4M
Accounts receivableLn 4$116K
Prepaid expenses and deferred chargesLn 9$215K
Land, buildings, equipmentLn 10c$78K
Intangible assetsLn 14$1.3M
Other assetsLn 15$285K
Total assetsLn 16$4.4M
LiabilitiesLn 26$1.6M
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 511
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$3.2M$2.4M
Land, buildings, equipmentLn 10c$162K$78K
Total assetsLn 16$3.9M$4.4M
LiabilitiesLn 26$991K$1.6M
Net assetsLn 32$2.9M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$10K$10K
Pay of officers and key staff (Part IX, line 5)Ln 5$206K$142K$62K$2K
Other salaries and wagesLn 7$331K$229K$99K$3K
Other employee benefitsLn 9$58K$40K$18K$584
Payroll taxesLn 10$36K$25K$11K$364
Legal feesLn 11b$122K$97K$24K
Accounting feesLn 11c$16K$13K$3K
Investment management feesLn 11f$12K$12K
Advertising and promotionLn 12$46K$46K
Office expensesLn 13$444K$168K$276K
OccupancyLn 16$69K$55K$14K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$382K$382K
Depreciation, depletion and amortizationLn 22$84K$84K
InsuranceLn 23$11K$9K$2K
Other expenses (24a–d)Ln 24$3.2M$3.2M
All other expensesLn 24e$49K$31K$18K$86
Total functional expensesLn 25$5.1M$4.5M$612K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 30, 2026 $8.1M$7.7M$383K$3.0M 990 PDF
FY2024Filed with the IRS May 1, 2025 $5.9M$6.2M−$261K$2.5M 990 PDF
FY2023 ViewingFiled with the IRS May 14, 2024 $4.9M$5.1M−$171K$2.8M 990 PDF
FY2022Filed with the IRS Dec 14, 2023 $4.7M$3.9M$803K$2.9M 990 PDF
FY2021Filed with the IRS May 16, 2022 $2.3M$2.2M$70K$2.3M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $2.4M$2.5M−$111K$2.1M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2023 990
Part I · Summary $4,930,009 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $231,463$229,608
I-9 Program service revenuePrior year $4,358,765$4,601,030
I-10 Investment incomePrior year $62,629$38,176
I-11 Other revenuePrior year $55,785$61,195
I-12 Total revenuePrior year $4,708,642$4,930,009
I-13 Grants and similar amounts paidPrior year $18,789$10,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $407,517$631,886
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,478,884$4,458,951
I-18 Total expensesPrior year $3,905,190$5,100,837
I-19 Revenue less expensesPrior year $803,452−$170,828
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,930,009 across 9 lines filed
Lines not itemized here account for $2,642 of total revenue; see the IRS return.
VIII-1b Membership dues$202,551
VIII-1f All other contributions, gifts and grants$27,057
VIII-1h Total contributions, gifts and grants$229,608
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,601,030$4,601,030
VIII-3 Investment incomeExcluded from tax $30,817$30,817
VIII-5 RoyaltiesExcluded from tax $19,315$19,315
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,359$7,359
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $39,238$39,238
VIII-12 Total revenueRelated to mission $4,642,910 · Unrelated business $0 · Excluded from tax $57,491$4,930,009
Part IX · Statement of functional expenses $5,100,837 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $10,000$10,000
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $142,039 · Management $61,756 · Fundraising $2,058$205,853
IX-7 Other salaries and wagesPrograms $228,512 · Management $99,353 · Fundraising $3,312$331,177
IX-9 Other employee benefitsPrograms $40,307 · Management $17,525 · Fundraising $584$58,416
IX-10 Payroll taxesPrograms $25,144 · Management $10,932 · Fundraising $364$36,440
IX-11b Legal feesPrograms $97,439 · Management $24,360$121,799
IX-11c Accounting feesPrograms $13,200 · Management $3,300$16,500
IX-11f Investment management feesPrograms $12,318$12,318
IX-12 Advertising and promotionPrograms $45,951$45,951
IX-13 Office expensesPrograms $167,606 · Management $275,941$443,547
IX-16 OccupancyPrograms $55,448 · Management $13,862$69,310
IX-17 TravelPrograms $3,353$3,353
IX-19 Conferences, conventions and meetingsPrograms $382,081$382,081
IX-22 Depreciation, depletion and amortizationManagement $84,209$84,209
IX-23 InsurancePrograms $8,556 · Management $2,139$10,695
IX-24 Other expenses (24a–d)Programs $3,219,877$3,219,877
IX-24e All other expensesPrograms $30,918 · Management $18,307 · Fundraising $86$49,311
IX-25 Total functional expensesPrograms $4,482,749 · Management $611,684 · Fundraising $6,404$5,100,837
Part X · Balance sheet $4,359,192 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,848,718$951,967
X-2 Savings and temporary cash investmentsStart of year $1,316,798$1,412,944
X-4 Accounts receivableStart of year $54,600$116,363
X-9 Prepaid expenses and deferred chargesStart of year $132,095$214,941
X-10c Land, buildings and equipment, netStart of year $161,805$77,596
X-14 Intangible assets$1,300,000
X-15 Other assetsStart of year $348,660$285,381
X-16 Total assetsStart of year $3,862,676$4,359,192
X-17 Accounts payable and accrued expensesStart of year $182,258$214,450
X-19 Deferred revenueStart of year $352,551$291,704
X-25 Other liabilitiesStart of year $456,211$1,081,923
X-26 Total liabilitiesStart of year $991,020$1,588,077
X-27 Net assets without donor restrictionsStart of year $2,801,765$2,704,691
X-28 Net assets with donor restrictionsStart of year $69,891$66,424
X-32 Total net assets or fund balancesStart of year $2,871,656$2,771,115
X-33 Total liabilities and net assetsStart of year $3,862,676$4,359,192
Part XI · Reconciliation of net assets $2,771,115 net assets at year end
XI-1 Total revenue$4,930,009
XI-2 Total expenses$5,100,837
XI-3 Revenue less expenses−$170,828
XI-4 Net assets at start of year$2,871,656
XI-5 Net unrealized gains (losses) on investments$70,287
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,771,115

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

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