Mechanical Contracting Promotion Fund

Not tax-deductible

Memphis, TN501(c)(6)EIN 62-6065777Revenue $763K in FY2024

On file with the IRS6263 Poplar Ave Ste 1035, 38119-4735 · Memphis, TNTax-exempt since Sep 1968

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Promotion of the Mechanical Contracting industry on behalf of the member organizations

Mission: Form 990 Part I, line 1

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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
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 $250K a year · 51% 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
89 mo
of spending, in cash
Looks good: 88.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 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
$763K
+34% vs prior year
Spent
$223K
To programs
0%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$763K
FY2024▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$363K
FY2021$342K
FY2022$410K
FY2023$568K
FY2024$763K
Expenses
$223K
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$346K
FY2021$208K
FY2022$207K
FY2023$212K
FY2024$223K
Net assets
$1.7M
FY2024▲ +47%
Tap a bar for its year
Net assets by fiscal year
FY2020$465K
FY2021$599K
FY2022$780K
FY2023$1.1M
FY2024$1.7M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1968.

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Secretary-Tr
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
See Mechanical Contracting Promotion 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 15aNo

Programs and updates

Promotes the mechanical contracting industry for its member organizations.

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Educational seminars on new law changes affecting the mechanical and plumbing industries

Pt IX · col B
02

Educational seminars promoting safety in the mechanical and plumbing industries

Pt IX · col B
03

Promotions of the mechanical and plumbing industries to the public

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$763K
Ln 12
Fees for servicesLn 2g$717K
Investment incomeLn 3$46K
Money outPt IX
$223K
Ln 25
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$717K
Investment incomeLn 3$46K
Total revenueLn 12$763K
Assets in detailPt X, end of year
CashLn 1$857K
SavingsLn 2$794K
Cash and savings togetherLn 1–2$1.7M
Other assetsLn 15$28K
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
Net assetsLn 32$1.7M
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 FY24End FY24
Cash and savingsLn 1–2$1.1M$1.7M
Total assetsLn 16$1.1M$1.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.1M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$204K
Legal feesLn 11b$4K
Accounting feesLn 11c$2K
Office expensesLn 13$5K
TravelLn 17$4K
Other expenses (24a–d)Ln 24$3K
Total functional expensesLn 25$223K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $763K$223K$541K$1.7M 990 PDF
FY2023 $568K$212K$357K$1.1M 990 PDF
FY2022 $410K$207K$202K$780K 990 PDF
FY2021 $342K$208K$134K$599K 990 PDF
FY2020 $363K$346K$16K$465K 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 $763,476 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $553,188$717,158
I-10 Investment incomePrior year $15,285$46,318
I-11 Other revenue$0
I-12 Total revenuePrior year $568,473$763,476
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 $211,675$222,698
I-18 Total expensesPrior year $211,675$222,698
I-19 Revenue less expensesPrior year $356,798$540,778
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $763,476 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $717,158$717,158
VIII-3 Investment incomeRelated to mission $46,318$46,318
VIII-12 Total revenueRelated to mission $763,476$763,476
Part IX · Statement of functional expenses $222,698 across 6 lines filed
IX-11a Management fees$204,000
IX-11b Legal fees$4,050
IX-11c Accounting fees$2,426
IX-13 Office expenses$5,011
IX-17 Travel$4,112
IX-24 Other expenses (24a–d)$3,099
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$222,698
Part X · Balance sheet $1,678,281 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $351,033$856,932
X-2 Savings and temporary cash investmentsStart of year $762,613$793,773
X-15 Other assetsStart of year $27,576$27,576
X-16 Total assetsStart of year $1,141,222$1,678,281
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,141,222$1,678,281
X-32 Total net assets or fund balancesStart of year $1,141,222$1,678,281
X-33 Total liabilities and net assetsStart of year $1,141,222$1,678,281
Part XI · Reconciliation of net assets $1,678,281 net assets at year end
XI-1 Total revenue$763,476
XI-2 Total expenses$222,698
XI-3 Revenue less expenses$540,778
XI-4 Net assets at start of year$1,141,222
XI-5 Net unrealized gains (losses) on investments−$3,719
XI-10 Net assets at end of year$1,678,281

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

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