Project Best INC FY2022 filing

Not tax-deductible

Wheeling, WV501(c)(6)EIN 55-0663383

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Operation of a labor management cooperation committee

$111K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · 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
4 of 5
filings with a surplus
Average surplus $23K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$111K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
94 mo
of spending, in cash
Looks good: 94.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$678
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33K
-85% vs prior year
Spent
$343K
Net assets
$2.7M
By yearFY2020–FY2024
Revenue
$33K
FY2022▼ -85%
Revenue by fiscal year
FY2020$335K
FY2021$224K
FY2022$33K
FY2023$273K
FY2024$336K
Expenses
$343K
FY2022▲ +127%
Expenses by fiscal year
FY2020$129K
FY2021$151K
FY2022$343K
FY2023$187K
FY2024$274K
Net assets
$2.7M
FY2022▼ -16%
Net assets by fiscal year
FY2020$3.1M
FY2021$3.3M
FY2022$2.7M
FY2023$3.0M
FY2024$3.1M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1986.

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

Who runs it and what they're paid

19 people listed on the 990; $111K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$110,686Pt VII · Sec A
Mgmt Trustee
$0Pt VII · Sec A
Mgmt Trustee
$0Pt VII · Sec A
Mgmt Trustee
$0Pt VII · Sec A
Mgmt Trustee
$0Pt VII · Sec A
Mgmt Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Mgmt Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2022
Erikka Storch—$110,686
Nathan Butts$105,000—

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 Project Best INC 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 15aNo

Programs and updates

Facilitates cooperation between labor and management to improve workplaces.

Provided by the organization

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1 program · in their own filed words · FY2022
01

Labor management co-operation committee whose purpose is to improve labor-management relationships, job security, competitiveness, productivity, organizational effectiveness, and economic development.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$33K
Ln 12
Fees for servicesLn 2g$198K
Investment incomeLn 3$77K
Gifts and grantsLn 1h$3K
Money outPt IX
$343K
Ln 25
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$2.7M
LiabilitiesLn 26$678
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Fees for servicesLn 2g$198K
Investment incomeLn 3$77K
Gains on assetsLn 7−$245K
Total revenueLn 12$33K
Assets in detailPt X, end of year
CashLn 1$245K
SavingsLn 2$2.4M
Cash and savings togetherLn 1–2$2.7M
Land, buildings, equipmentLn 10c$35K
Total assetsLn 16$2.7M
LiabilitiesLn 26$678
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$3.3M$2.7M
Land, buildings, equipmentLn 10c$906$35K
Total assetsLn 16$3.3M$2.7M
LiabilitiesLn 26$0$678
Net assetsLn 32$3.3M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$111K
Other salaries and wagesLn 7$33K
Pension plan contributionsLn 8$3K
Other employee benefitsLn 9$5K
Payroll taxesLn 10$11K
Accounting feesLn 11c$15K
Investment management feesLn 11f$23K
Other fees for servicesLn 11g$2K
Advertising and promotionLn 12$16K
Office expensesLn 13$8K
Information technologyLn 14$2K
OccupancyLn 16$6K
Conferences, conventions and meetingsLn 19$318
Depreciation, depletion and amortizationLn 22$4K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$101K
All other expensesLn 24e$426
Total functional expensesLn 25$343K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $336K$274K$62K$3.1M 990 PDF
FY2023 $273K$187K$85K$3.0M 990 PDF
FY2022 Viewing $33K$343K−$310K$2.7M 990 PDF
FY2021 $224K$151K$73K$3.3M 990 PDF
FY2020 $335K$129K$206K$3.1M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $33,148 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,250
VIII-1h Total contributions, gifts and grants$3,250
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $198,034$198,034
VIII-3 Investment incomeUnrelated business $77,340$77,340
VIII-7 Net gain or loss on sales of assetsRelated to mission −$245,476−$245,476
VIII-12 Total revenueRelated to mission −$245,476 · Unrelated business $275,374 · Excluded from tax $0$33,148
Part IX · Statement of functional expenses $343,493 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$110,686
IX-7 Other salaries and wages$32,958
IX-8 Pension plan contributions$2,673
IX-9 Other employee benefits$5,070
IX-10 Payroll taxes$11,240
IX-11c Accounting fees$15,000
IX-11f Investment management fees$23,212
IX-11g Other fees for services$1,522
IX-12 Advertising and promotion$15,986
IX-13 Office expenses$8,002
IX-14 Information technology$2,451
IX-16 Occupancy$6,000
IX-19 Conferences, conventions and meetings$318
IX-22 Depreciation, depletion and amortization$3,998
IX-23 Insurance$3,272
IX-24 Other expenses (24a–d)$100,679
IX-24e All other expenses$426
IX-25 Total functional expenses$343,493
Part X · Balance sheet $2,726,569 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $422,383$245,000
X-2 Savings and temporary cash investmentsStart of year $2,840,807$2,446,393
X-10c Land, buildings and equipment, netStart of year $906$35,176
X-16 Total assetsStart of year $3,264,096$2,726,569
X-25 Other liabilities$678
X-26 Total liabilitiesStart of year $0$678
X-27 Net assets without donor restrictionsStart of year $3,264,096$2,725,891
X-32 Total net assets or fund balancesStart of year $3,264,096$2,725,891
X-33 Total liabilities and net assetsStart of year $3,264,096$2,726,569
Part XI · Reconciliation of net assets $2,725,891 net assets at year end
XI-1 Total revenue$33,148
XI-2 Total expenses$343,493
XI-3 Revenue less expenses−$310,345
XI-4 Net assets at start of year$3,264,096
XI-5 Net unrealized gains (losses) on investments−$227,858
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,725,891

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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