Elevator Industry Work Preservation Fund FY2020 filing

Not tax-deductible

Columbia, MD501(c)(5)Since 1997Mutual / membership EIN 52-2051811Revenue $23.2M in FY2020

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.

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
56¢ of each $1 spent went to programs.
$3.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
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
6 of 6
filings with a surplus
Average surplus $16.0M a year · 37% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.1M
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
50 mo
of spending, in cash
Looks good: 49.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9.9M
16% of total assets
Looks good: liabilities are 16% 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
$23.2M
Spent
$14.8M
To programs
56%
Net assets
$53.6M
By yearFY2020–FY2025
Revenue
$23.2M
FY2020
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
FY2025$75.9M
Expenses
$14.8M
FY2020
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
FY2025$36.6M
Net assets
$53.6M
FY2020
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
FY2025$170.9M

From the FY2020 Form 990 (year ending June 2020) · 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 Jan 1998.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $8.2M Management & general 44% · $6.5M

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

18 people listed on the 990; $3.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
National Director
$269,195Pt VII · Sec A
Asstant Nat'l Director
$216,320Pt VII · Sec A
National Coordinator
$211,219Pt VII · Sec A
National Coordinator
$205,250Pt VII · Sec A
National Coordinator
$203,044Pt VII · Sec A
National Coordinator
$202,040Pt VII · Sec A
National Coordinator
$202,040Pt VII · Sec A
National Coordinator
$202,040Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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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.

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Provided by the organization

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1 program · $8.2M · in their own filed words · FY2019
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.

$8.2Mprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$23.2M
Ln 12
Fees for servicesLn 2g$22.2M
Other incomeLn 4–11$781K
Investment incomeLn 3$183K
Money outPt IX
$14.8M
Ln 25
Programscol B$8.2M
Managementcol C$6.5M
Owns and owesPt X
$53.6M
net assets · Ln 32
Cash and savingsLn 1–2$61.1M
Total assetsLn 16$63.5M
LiabilitiesLn 26$9.9M
PeoplePt VI, VII
18
listed · VII A
PaidVII A15
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$22.2M
Investment incomeLn 3$183K
Other incomeLn 4–11$781K
Total revenueLn 12$23.2M
Assets in detailPt X, end of year
CashLn 1$45.1M
SavingsLn 2$16.0M
Cash and savings togetherLn 1–2$61.1M
InvestmentsLn 11–13$941K
Land, buildings, equipmentLn 10c$90K
Other assetsLn 15$92K
Total assetsLn 16$63.5M
LiabilitiesLn 26$9.9M
Net assetsLn 32$53.6M
OperationsPt I, VI
EmployeesI 535
VolunteersI 60
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$52.6M$61.1M
InvestmentsLn 11–13$954K$941K
Land, buildings, equipmentLn 10c$105K$90K
Total assetsLn 16$55.0M$63.5M
LiabilitiesLn 26$9.9M$9.9M
Net assetsLn 32$45.2M$53.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$825K$825K
Pay of current officers, directors and key staffLn 5$4.3M$4.3M
Other salaries and wagesLn 7$848K$848K
Pension plan contributionsLn 8$296K$296K
Other employee benefitsLn 9$217K$217K
Payroll taxesLn 10$233K$233K
Management feesLn 11a$15K$15K
Accounting feesLn 11c$42K$42K
Lobbying feesLn 11d$803K$803K
Investment management feesLn 11f$300$300
Office expensesLn 13$241K$241K
OccupancyLn 16$104K$104K
TravelLn 17$57K$57K
Conferences, conventions and meetingsLn 19$111K$111K
Depreciation, depletion and amortizationLn 22$42K$42K
InsuranceLn 23$36K$36K
Other expenses (24a–d)Ln 24$6.4M$6.4M
All other expensesLn 24e$190K$187K$2K
Total functional expensesLn 25$14.8M$8.2M$6.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $75.9M$36.6M$39.3M$170.9M 990 PDF
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 Viewing $23.2M$14.8M$8.4M$53.6M 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 FY2020 990 (6 parts)
Part I · Summary $23,195,622 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $19,108,679$22,231,771
I-10 Investment incomePrior year $295,856$182,874
I-11 Other revenuePrior year $696,950$780,977
I-12 Total revenuePrior year $20,101,485$23,195,622
I-13 Grants and similar amounts paidPrior year $660,000$825,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,263,620$5,895,102
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,049,862$8,029,978
I-18 Total expensesPrior year $13,973,482$14,750,080
I-19 Revenue less expensesPrior year $6,128,003$8,445,542
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 $23,195,622 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $22,231,771$22,231,771
VIII-3 Investment incomeExcluded from tax $182,874$182,874
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $780,977$780,977
VIII-12 Total revenueRelated to mission $23,012,748 · Unrelated business $0 · Excluded from tax $182,874$23,195,622
Part IX · Statement of functional expenses $14,750,080 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $825,000$825,000
IX-5 Pay of current officers, directors and key staffManagement $4,300,548$4,300,548
IX-7 Other salaries and wagesManagement $847,837$847,837
IX-8 Pension plan contributionsManagement $296,389$296,389
IX-9 Other employee benefitsManagement $217,395$217,395
IX-10 Payroll taxesManagement $232,933$232,933
IX-11a Management feesManagement $15,000$15,000
IX-11c Accounting feesManagement $41,774$41,774
IX-11d Lobbying feesPrograms $803,433$803,433
IX-11f Investment management feesManagement $300$300
IX-13 Office expensesManagement $240,686$240,686
IX-16 OccupancyManagement $103,584$103,584
IX-17 TravelManagement $56,556$56,556
IX-19 Conferences, conventions and meetingsManagement $110,700$110,700
IX-22 Depreciation, depletion and amortizationManagement $41,762$41,762
IX-23 InsuranceManagement $35,769$35,769
IX-24 Other expenses (24a–d)Programs $6,390,598$6,390,598
IX-24e All other expensesPrograms $187,343 · Management $2,473$189,816
IX-25 Total functional expensesPrograms $8,206,374 · Management $6,543,706 · Fundraising $0$14,750,080
Part X · Balance sheet $63,534,974 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $36,822,469$45,148,440
X-2 Savings and temporary cash investmentsStart of year $15,784,898$15,978,277
X-4 Accounts receivableStart of year $1,264,061$1,253,879
X-9 Prepaid expenses and deferred chargesStart of year $63,507$30,448
X-10c Land, buildings and equipment, netStart of year $105,449$90,319
X-11 Publicly traded securitiesStart of year $953,623$941,345
X-15 Other assetsStart of year $38,494$92,266
X-16 Total assetsStart of year $55,032,501$63,534,974
X-17 Accounts payable and accrued expensesStart of year $9,865,310$9,934,519
X-26 Total liabilitiesStart of year $9,865,310$9,934,519
X-27 Net assets without donor restrictionsStart of year $45,167,191$53,600,455
X-32 Total net assets or fund balancesStart of year $45,167,191$53,600,455
X-33 Total liabilities and net assetsStart of year $55,032,501$63,534,974
Part XI · Reconciliation of net assets $53,600,455 net assets at year end
XI-1 Total revenue$23,195,622
XI-2 Total expenses$14,750,080
XI-3 Revenue less expenses$8,445,542
XI-4 Net assets at start of year$45,167,191
XI-5 Net unrealized gains (losses) on investments−$12,278
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$53,600,455

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

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