Wsa Industry Fund

Not tax-deductible

Chicago, IL501(c)(6)Public & Societal BenefitEIN 46-3043375

Promote training and continued education to those working in the field of plumbing.

Run by 22 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · 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
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
1 of 5
filings with a surplus
Average deficit $79K a year · 26% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$421K
+11% vs prior year
Spent
$422K
Net assets
$573K
By yearFY2020–FY2024
Revenue
$421K
FY2024▲ +11%
Revenue by fiscal year
FY2020$234K
FY2021$243K
FY2022$240K
FY2023$378K
FY2024$421K
Expenses
$422K
FY2024▲ +17%
Expenses by fiscal year
FY2020$350K
FY2021$380K
FY2022$400K
FY2023$360K
FY2024$422K
Net assets
$573K
FY2024▲ +3%
Net assets by fiscal year
FY2020$873K
FY2021$751K
FY2022$504K
FY2023$555K
FY2024$573K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2014.

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Wsa Industry Fund 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers training and continued education for plumbing professionals.

Provided by the organization

This section is blank until Wsa Industry Fund claims this page.

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

Education program consists of continuing education units for plumbers and contributions to the construction education institute and the construction safety council. These contributions allow our contributing contractors to attend educational programs.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$421K
Ln 12
Gifts and grantsLn 1h$405K
Investment incomeLn 3$17K
Money outPt IX
$422K
Ln 25
Owns and owesPt X
$573K
net assets · Ln 32
Cash and savingsLn 1–2$55K
Total assetsLn 16$573K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$405K
Investment incomeLn 3$17K
Total revenueLn 12$421K
Assets in detailPt X, end of year
SavingsLn 2$55K
Cash and savings togetherLn 1–2$55K
InvestmentsLn 11–13$518K
Total assetsLn 16$573K
LiabilitiesLn 26$0
Net assetsLn 32$573K
OperationsPt I, VI
EmployeesI 50
VolunteersI 622
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$73K$55K
InvestmentsLn 11–13$483K$518K
Total assetsLn 16$555K$573K
LiabilitiesLn 26$0$0
Net assetsLn 32$555K$573K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$277K
Legal feesLn 11b$1K
Accounting feesLn 11c$3K
Advertising and promotionLn 12$7K
Office expensesLn 13$11K
Information technologyLn 14$564
Conferences, conventions and meetingsLn 19$40K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$79K
All other expensesLn 24e$152
Total functional expensesLn 25$422K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $421K$422K−$1K$573K 990 PDF
FY2023 $378K$360K$18K$555K 990 PDF
FY2022 $240K$400K−$160K$504K 990 PDF
FY2021 $243K$380K−$137K$751K 990 PDF
FY2020 $234K$350K−$116K$873K 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 $421,395 across 4 lines filed
VIII-1f All other contributions, gifts and grants$404,596
VIII-1h Total contributions, gifts and grants$404,596
VIII-3 Investment incomeExcluded from tax $16,799$16,799
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $16,799$421,395
Part IX · Statement of functional expenses $422,500 across 10 lines filed
IX-11a Management fees$276,685
IX-11b Legal fees$1,342
IX-11c Accounting fees$3,020
IX-12 Advertising and promotion$6,817
IX-13 Office expenses$10,926
IX-14 Information technology$564
IX-19 Conferences, conventions and meetings$40,078
IX-23 Insurance$3,965
IX-24 Other expenses (24a–d)$78,951
IX-24e All other expenses$152
IX-25 Total functional expenses$422,500
Part X · Balance sheet $572,654 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $72,789$54,894
X-11 Publicly traded securitiesStart of year $482,529$517,760
X-16 Total assetsStart of year $555,318$572,654
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $555,318$572,654
X-32 Total net assets or fund balancesStart of year $555,318$572,654
X-33 Total liabilities and net assetsStart of year $555,318$572,654
Part XI · Reconciliation of net assets $572,654 net assets at year end
XI-1 Total revenue$421,395
XI-2 Total expenses$422,500
XI-3 Revenue less expenses−$1,105
XI-4 Net assets at start of year$555,318
XI-5 Net unrealized gains (losses) on investments$18,441
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$572,654

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

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