Wci INC FY2024 filing

Not tax-deductible

Asheville, NC501(c)(6)Since 1959EIN 56-0680992Revenue $1.1M in FY2024

On file with the IRSwciinc.org2 Town Square Blvd Ste 370, 28803-5035 · Asheville, NCTax-exempt since Aug 1961

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To help employers develop positive employee/employer relationships.

79¢ of each $1 spent went to programs.
$387K 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)(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
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
3 of 6
filings with a surplus
Average deficit $9K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$387K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$512K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 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
$1.1M
-12% vs prior year
Spent
$1.2M
To programs
79%
Net assets
$487K
By yearFY2020–FY2025
Revenue
$1.1M
FY2024▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.3M
FY2023$1.3M
FY2024$1.1M
FY2025$1.3M
Expenses
$1.2M
FY2024▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.2M
FY2023$1.4M
FY2024$1.2M
FY2025$1.3M
Net assets
$487K
FY2024▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$625K
FY2021$718K
FY2022$755K
FY2023$609K
FY2024$487K
FY2025$488K

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

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You’re viewing the FY2024 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 Aug 1961.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $973K Management & general 21% · $261K

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

8 people listed on the 990; $387K paid to officers and key staff.

Part VII, Section A · reportable compensation
$232,983Pt VII · Sec A
$153,955Pt 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
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Fredrick Reese$159,715$232,983$232,983$201,360$195,959$328,984
Terry Childers—$153,955$153,955$179,996$133,866$121,821

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

Protects business interests, fosters employer-employee cooperation, and sponsors educational programs on industry challenges.

Questions for Wci INC

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Provided by the organization

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1 program · $973K · in their own filed words · FY2024
01

Wci, inc. Provides its members with employer advice and counsel, reference surveys and publications, networking opportunities, consulting and training in the areas of human resources, health and wellness, supervisory development, quality improvement and workplace safety.

$973Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$591K
Fees for servicesLn 2g$523K
Investment incomeLn 3$4K
Money outPt IX
$1.2M
Ln 25
Programscol B$973K
Managementcol C$261K
Owns and owesPt X
$487K
net assets · Ln 32
Cash and savingsLn 1–2$419K
Total assetsLn 16$1000K
LiabilitiesLn 26$512K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$591K
Fees for servicesLn 2g$523K
Investment incomeLn 3$4K
Gains on assetsLn 7−$9K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$170K
SavingsLn 2$249K
Cash and savings togetherLn 1–2$419K
InvestmentsLn 11–13$295K
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$195K
Total assetsLn 16$1000K
LiabilitiesLn 26$512K
Net assetsLn 32$487K
OperationsPt I, VI
EmployeesI 514
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$677K$419K
InvestmentsLn 11–13$276K$295K
Land, buildings, equipmentLn 10c$14K$6K
Total assetsLn 16$1.0M$1000K
LiabilitiesLn 26$425K$512K
Net assetsLn 32$609K$487K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$368K$368K
Other salaries and wagesLn 7$279K$279K
Pension plan contributionsLn 8$52K$52K
Payroll taxesLn 10$70K$70K
Management feesLn 11a$125$125
Legal feesLn 11b$26K$26K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$74$74
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$15K$15K
OccupancyLn 16$21K$21K
TravelLn 17$39K$39K
Conferences, conventions and meetingsLn 19$36K$36K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$90K$90K
Other expenses (24a–d)Ln 24$110K$83K$27K
All other expensesLn 24e$105K$41K$64K
Total functional expensesLn 25$1.2M$973K$261K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$1.3M−$7K$488K 990 PDF
FY2024 Viewing $1.1M$1.2M−$117K$487K 990 PDF
FY2023 $1.3M$1.4M−$166K$609K 990 PDF
FY2022 $1.3M$1.2M$69K$755K 990 PDF
FY2021 $1.2M$1.1M$77K$718K 990 PDF
FY2020 $1.1M$1.0M$92K$625K 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 $1,117,636 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $640,764$591,346
I-9 Program service revenuePrior year $607,846$522,512
I-10 Investment incomePrior year $20,635$4,226
I-11 Other revenuePrior year $125−$448
I-12 Total revenuePrior year $1,269,370$1,117,636
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $857,921$768,564
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $577,924$465,645
I-18 Total expensesPrior year $1,435,845$1,234,209
I-19 Revenue less expensesPrior year −$166,475−$116,573
Part VI · Governance 6 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,117,636 across 7 lines filed
Lines not itemized here account for $94,398 of total revenue; see the IRS return.
VIII-1b Membership dues$591,346
VIII-1h Total contributions, gifts and grants$591,346
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $428,114$428,114
VIII-3 Investment incomeExcluded from tax $13,555$13,555
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$9,329−$9,329
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$448−$448
VIII-12 Total revenueRelated to mission $522,512 · Unrelated business $0 · Excluded from tax $3,778$1,117,636
Part IX · Statement of functional expenses $1,234,209 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $368,147$368,147
IX-7 Other salaries and wagesPrograms $279,125$279,125
IX-8 Pension plan contributionsPrograms $51,757$51,757
IX-10 Payroll taxesPrograms $69,535$69,535
IX-11a Management feesPrograms $125$125
IX-11b Legal feesManagement $26,416$26,416
IX-11c Accounting feesManagement $14,500$14,500
IX-11g Other fees for servicesPrograms $74$74
IX-12 Advertising and promotionManagement $3,541$3,541
IX-13 Office expensesManagement $14,798$14,798
IX-16 OccupancyManagement $21,335$21,335
IX-17 TravelPrograms $39,001$39,001
IX-19 Conferences, conventions and meetingsPrograms $36,116$36,116
IX-20 InterestPrograms $4,041$4,041
IX-22 Depreciation, depletion and amortizationPrograms $1,310$1,310
IX-23 InsuranceManagement $89,725$89,725
IX-24 Other expenses (24a–d)Programs $82,884 · Management $26,742$109,626
IX-24e All other expensesPrograms $41,194 · Management $63,843$105,037
IX-25 Total functional expensesPrograms $973,309 · Management $260,900 · Fundraising $0$1,234,209
Part X · Balance sheet $999,743 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $323,002$169,849
X-2 Savings and temporary cash investmentsStart of year $353,599$248,835
X-4 Accounts receivableStart of year $18,329$60,340
X-9 Prepaid expenses and deferred chargesStart of year $29,389$24,828
X-10c Land, buildings and equipment, netStart of year $13,880$5,511
X-11 Publicly traded securitiesStart of year $276,147$295,130
X-15 Other assetsStart of year $28$195,250
X-16 Total assetsStart of year $1,034,125$999,743
X-17 Accounts payable and accrued expensesStart of year $239,236$137,445
X-19 Deferred revenueStart of year $36,182$17,181
X-25 Other liabilitiesStart of year $0$212,922
X-26 Total liabilitiesStart of year $424,720$512,491
X-27 Net assets without donor restrictionsStart of year $609,405$487,252
X-32 Total net assets or fund balancesStart of year $609,405$487,252
X-33 Total liabilities and net assetsStart of year $1,034,125$999,743
Part XI · Reconciliation of net assets $487,252 net assets at year end
XI-1 Total revenue$1,117,636
XI-2 Total expenses$1,234,209
XI-3 Revenue less expenses−$116,573
XI-4 Net assets at start of year$609,405
XI-5 Net unrealized gains (losses) on investments$18,983
XI-9 Other changes in net assets−$24,563
XI-10 Net assets at end of year$487,252

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

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