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Waterproofing Contractors Association INC

Not tax-deductible

Isanti, MN501(c)(6)EIN 56-1408628Revenue $240K in FY2025

On file with the IRSthewaterproofers.orgPo Box 358, 55040-0358 · Isanti, MNTax-exempt since Sep 1988

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Promote the profession

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2025 · 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
2 of 2
filings with a surplus
Average surplus $54K a year · 23% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 15.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$34K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
+3% vs prior year
Spent
$194K
To programs
60%
Net assets
$218K
By yearFY2021–FY2025
Revenue
$240K
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2021$113K
FY2022$159K
FY2023$183K
FY2024$232K
FY2025$240K
Expenses
$194K
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$171K
FY2025$194K
Net assets
$218K
FY2025▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2021$79K
FY2022$92K
FY2023$111K
FY2024$172K
FY2025$218K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1988.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $117K Management & general 40% · $77K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Andy Bell
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Eric Couch
Vice Preside
$0Pt VII · Sec A
David Greiner
Secretary
$0Pt VII · Sec A
Chase Grogan
Past Preside
$0Pt VII · Sec A
Scott Kind
President
$0Pt VII · Sec A
Al Morris
Director
$0Pt VII · Sec A
Chuck Nelson
Director
$0Pt VII · Sec A
See Waterproofing Contractors Association 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

Waterproofing Contractors Association INC is a business league or trade association based in Isanti, MN.

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Provided by the organization

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3 programs · in their own filed words · FY2025
01

Conduct semi-annual CONFERENCES/CONVENTIONS to provide interindustry fellowship and education opportunities

Pt IX · col B
02

Fund lobbying organization to safeguard the legal rights and responsibilities of the profession

Pt IX · col B
03

Maintain internet web site providing information about the organization

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$240K
Ln 12
Fees for servicesLn 2g$175K
Gifts and grantsLn 1h$64K
Money outPt IX
$194K
Ln 25
Programscol B$117K
Managementcol C$77K
Owns and owesPt X
$218K
net assets · Ln 32
Cash and savingsLn 1–2$252K
Total assetsLn 16$252K
LiabilitiesLn 26$34K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$64K
Fees for servicesLn 2g$175K
Total revenueLn 12$240K
Assets in detailPt X, end of year
CashLn 1$252K
Cash and savings togetherLn 1–2$252K
Total assetsLn 16$252K
LiabilitiesLn 26$34K
Net assetsLn 32$218K
OperationsPt I, VI
EmployeesI 50
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 FY25End FY25
Cash and savingsLn 1–2$199K$252K
Total assetsLn 16$199K$252K
LiabilitiesLn 26$27K$34K
Net assetsLn 32$172K$218K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$51K$51K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$5K$5K
Office expensesLn 13$2K$2K$31
Information technologyLn 14$9K$9K
Conferences, conventions and meetingsLn 19$95K$91K$5K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$24K$24K
Total functional expensesLn 25$194K$117K$77K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $240K$194K$46K$218K 990 PDF
FY2024 $232K$171K$61K$172K 990 PDF
FY2023 $183K$111K 990 PDF
FY2022 $159K$92K 990 PDF
FY2021 $113K$79K 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 O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $239,840 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $74,250$64,500
I-9 Program service revenuePrior year $158,149$175,340
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $232,399$239,840
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $170,968$193,847
I-18 Total expensesPrior year $170,968$193,847
I-19 Revenue less expensesPrior year $61,431$45,993
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $239,840 across 5 lines filed
VIII-1b Membership dues$40,500
VIII-1f All other contributions, gifts and grants$24,000
VIII-1h Total contributions, gifts and grants$64,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $175,340$175,340
VIII-12 Total revenueRelated to mission $175,340$239,840
Part IX · Statement of functional expenses $193,847 across 8 lines filed
IX-11a Management feesManagement $51,000$51,000
IX-11c Accounting feesManagement $4,484$4,484
IX-11g Other fees for servicesManagement $5,399$5,399
IX-13 Office expensesPrograms $2,178 · Management $31$2,209
IX-14 Information technologyManagement $8,816$8,816
IX-19 Conferences, conventions and meetingsPrograms $90,655 · Management $4,793$95,448
IX-23 InsuranceManagement $2,201$2,201
IX-24 Other expenses (24a–d)Programs $24,290$24,290
IX-25 Total functional expensesPrograms $117,123 · Management $76,724 · Fundraising $0$193,847
Part X · Balance sheet $252,087 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $199,094$252,087
X-16 Total assetsStart of year $199,094$252,087
X-19 Deferred revenueStart of year $26,750$33,750
X-26 Total liabilitiesStart of year $26,750$33,750
X-27 Net assets without donor restrictionsStart of year $172,344$218,337
X-32 Total net assets or fund balancesStart of year $172,344$218,337
X-33 Total liabilities and net assetsStart of year $199,094$252,087
Part XI · Reconciliation of net assets $218,337 net assets at year end
XI-1 Total revenue$239,840
XI-2 Total expenses$193,847
XI-3 Revenue less expenses$45,993
XI-4 Net assets at start of year$172,344
XI-10 Net assets at end of year$218,337

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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