Elevator Industry Work Preservation Fund

Not tax-deductible

Columbia, MD501(c)(5)Since 1997EIN 52-2051811Revenue $75.9M in FY2024

On file with the IRSeiwpf.org8221 Snowden River Pkwy, 21045-1947 · Columbia, MDTax-exempt since Jan 1998

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The Fund administers a labor-management cooperation committee. The exempt purpose of this Fund is to improve labor-management relations, economic development, and other communications between labor and management.

66¢ of each $1 spent went to programs.
$4.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
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
5 of 5
filings with a surplus
Average surplus $11.3M a year · 31% 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
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.5M
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.6M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$75.9M
+24% vs prior year
Spent
$36.6M
To programs
66%
Net assets
$170.9M
By yearFY2020–FY2024
Revenue
$75.9M
FY2024▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$23.2M
FY2021$27.3M
FY2022$29.2M
FY2023$39.5M
FY2024$61.4M
FY2024$75.9M
Expenses
$36.6M
FY2024+0.1%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.8M
FY2021$16.7M
FY2022$25.2M
FY2023$30.7M
FY2024$36.6M
FY2024$36.6M
Net assets
$170.9M
FY2024▲ +55%
Tap a bar for its year
Net assets by fiscal year
FY2020$53.6M
FY2021$64.1M
FY2022$68.1M
FY2023$76.9M
FY2024$110.6M
FY2024$170.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1998.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $24.2M Management & general 34% · $12.4M

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

22 people listed on the 990; $4.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
National Director
$321,833Pt VII · Sec A
Asstant Nat'l Director
$279,935Pt VII · Sec A
National Coordinator
$252,098Pt VII · Sec A
National Coordinator
$241,109Pt VII · Sec A
National Coordinator
$241,109Pt VII · Sec A
National Coordinator
$241,109Pt VII · Sec A
National Coordinator
$241,109Pt VII · Sec A
National Coordinator
$241,109Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
R Allen Spears$321,833$306,290$296,001$287,544$283,055$269,195
James M Demmel$279,935$269,002$238,320$225,187$222,214$211,219
Eric Rogers$252,098$242,268$229,574$215,389$212,551$202,040
Lawrence L Alley$241,109—————
Todd J Albertson$241,109$231,714————
Maggie Cleveland$241,109$231,714————
Carisa H Barrett$241,109$231,714$222,561$215,389$212,551$202,040
Matthew Rusch$241,109$231,714————

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 Elevator Industry Work Preservation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves labor-management relations and economic development through cooperation.

Provided by the organization

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1 program · $24.2M · in their own filed words · FY2024
01

The fund administers a labor-management cooperation committee. The exempt purpose of this fund is to improve labor-management relations, economic development, and other communications between labor and management.

$24.2Mprogram 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 · 6 grants · $8.6M · 2019–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$75.9M
Ln 12
Fees for servicesLn 2g$74.8M
Other incomeLn 4–11$1.1M
Investment incomeLn 3$40K
Money outPt IX
$36.6M
Ln 25
Programscol B$24.2M
Managementcol C$12.4M
Owns and owesPt X
$170.9M
net assets · Ln 32
Cash and savingsLn 1–2$10.3M
Total assetsLn 16$178.5M
LiabilitiesLn 26$7.6M
PeoplePt VI, VII
22
listed · VII A
PaidVII A18
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$74.8M
Investment incomeLn 3$40K
Other incomeLn 4–11$1.1M
Total revenueLn 12$75.9M
Assets in detailPt X, end of year
CashLn 1$10.0M
SavingsLn 2$287K
Cash and savings togetherLn 1–2$10.3M
InvestmentsLn 11–13$158.8M
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$4.1M
Total assetsLn 16$178.5M
LiabilitiesLn 26$7.6M
Net assetsLn 32$170.9M
OperationsPt I, VI
EmployeesI 535
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$82.9M$10.3M
InvestmentsLn 11–13$33.8M$158.8M
Land, buildings, equipmentLn 10c$290K$1.5M
Total assetsLn 16$126.7M$178.5M
LiabilitiesLn 26$16.1M$7.6M
Net assetsLn 32$110.6M$170.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Pay of current officers, directors and key staffLn 5$6.1M$6.1M
Other salaries and wagesLn 7$2.4M$2.4M
Pension plan contributionsLn 8$623K$623K
Other employee benefitsLn 9$454K$454K
Payroll taxesLn 10$413K$413K
Management feesLn 11a$33K$33K
Legal feesLn 11b$44K$44K
Accounting feesLn 11c$46K$46K
Lobbying feesLn 11d$1.3M$1.3M
Investment management feesLn 11f$149K$149K
Other fees for servicesLn 11g$548$548
Office expensesLn 13$1.3M$1.3M
OccupancyLn 16$390K$390K
TravelLn 17$140K$140K
Conferences, conventions and meetingsLn 19$227K$227K
Depreciation, depletion and amortizationLn 22$140K$140K
InsuranceLn 23$46K$46K
Other expenses (24a–d)Ln 24$21.0M$21.0M
All other expensesLn 24e$295K$293K$2K
Total functional expensesLn 25$36.6M$24.2M$12.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $61.4M$36.6M$24.8M$110.6M 990 PDF
FY2023 $39.5M$30.7M$8.8M$76.9M 990 PDF
FY2022 $29.2M$25.2M$4.0M$68.1M 990 PDF
FY2021 $27.3M$16.7M$10.5M$64.1M 990 PDF
FY2020 $23.2M$14.8M$8.4M$53.6M 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 (6 parts)
Part I · Summary $75,923,645 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $59,680,706$74,801,713
I-10 Investment incomePrior year $10,373$40,177
I-11 Other revenuePrior year $1,694,519$1,081,755
I-12 Total revenuePrior year $61,385,598$75,923,645
I-13 Grants and similar amounts paidPrior year $1,700,000$1,609,480
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,177,533$9,917,209
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $26,713,051$25,110,830
I-18 Total expensesPrior year $36,590,584$36,637,519
I-19 Revenue less expensesPrior year $24,795,014$39,286,126
Part VI · Governance 0 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $75,923,645 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $74,801,713$74,801,713
VIII-3 Investment incomeExcluded from tax $40,177$40,177
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,081,755$1,081,755
VIII-12 Total revenueRelated to mission $75,883,468 · Unrelated business $0 · Excluded from tax $40,177$75,923,645
Part IX · Statement of functional expenses $36,637,519 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $1,609,480$1,609,480
IX-5 Pay of current officers, directors and key staffManagement $6,063,216$6,063,216
IX-7 Other salaries and wagesManagement $2,364,150$2,364,150
IX-8 Pension plan contributionsManagement $622,877$622,877
IX-9 Other employee benefitsManagement $454,427$454,427
IX-10 Payroll taxesManagement $412,539$412,539
IX-11a Management feesManagement $33,000$33,000
IX-11b Legal feesManagement $44,370$44,370
IX-11c Accounting feesManagement $45,748$45,748
IX-11d Lobbying feesPrograms $1,285,536$1,285,536
IX-11f Investment management feesManagement $148,840$148,840
IX-11g Other fees for servicesManagement $548$548
IX-13 Office expensesManagement $1,309,646$1,309,646
IX-16 OccupancyManagement $389,557$389,557
IX-17 TravelManagement $140,186$140,186
IX-19 Conferences, conventions and meetingsManagement $227,159$227,159
IX-22 Depreciation, depletion and amortizationManagement $140,032$140,032
IX-23 InsuranceManagement $46,453$46,453
IX-24 Other expenses (24a–d)Programs $21,004,972$21,004,972
IX-24e All other expensesPrograms $293,152 · Management $1,631$294,783
IX-25 Total functional expensesPrograms $24,193,140 · Management $12,444,379 · Fundraising $0$36,637,519
Part X · Balance sheet $178,492,931 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $11,019,745$9,972,471
X-2 Savings and temporary cash investmentsStart of year $71,852,717$287,475
X-4 Accounts receivableStart of year $3,147,621$3,830,347
X-9 Prepaid expenses and deferred chargesStart of year $81,595$47,638
X-10c Land, buildings and equipment, netStart of year $289,925$1,510,587
X-11 Publicly traded securitiesStart of year $33,794,295$158,754,741
X-15 Other assetsStart of year $6,471,376$4,089,672
X-16 Total assetsStart of year $126,657,274$178,492,931
X-17 Accounts payable and accrued expensesStart of year $9,962,803$3,417,941
X-18 Grants payableStart of year $6,140,000$4,162,480
X-26 Total liabilitiesStart of year $16,102,803$7,580,421
X-27 Net assets without donor restrictionsStart of year $110,554,471$170,912,510
X-32 Total net assets or fund balancesStart of year $110,554,471$170,912,510
X-33 Total liabilities and net assetsStart of year $126,657,274$178,492,931
Part XI · Reconciliation of net assets $170,912,510 net assets at year end
XI-1 Total revenue$75,923,645
XI-2 Total expenses$36,637,519
XI-3 Revenue less expenses$39,286,126
XI-4 Net assets at start of year$110,554,471
XI-5 Net unrealized gains (losses) on investments$10,585,602
XI-9 Other changes in net assets$10,486,311
XI-10 Net assets at end of year$170,912,510

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

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