The Wool Trust Foundation FY2020 filing

Not tax-deductible

Centennial, CO501(c)(5)Since 2001Food & AgricultureEIN 84-1592464Revenue $3.4M in FY2020

On file with the IRSsheepusa.org9785 Maroon Cir Ste 360, 80112-2692 · Centennial, COTax-exempt since Feb 2002

This page gets seen. Tell your story. Claim this org.

Promote sheep and related industries.

$523K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

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
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 $100K a year · 3% 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
$523K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$153K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
57
of 57 voting members
Looks good: 57 of 57 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
Spent
$3.3M
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$3.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.4M
FY2021$3.3M
FY2022$3.6M
FY2023$3.6M
FY2024$3.6M
FY2024$3.3M
Expenses
$3.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$3.0M
FY2022$3.5M
FY2023$3.7M
FY2024$3.5M
FY2024$3.4M
Net assets
$2.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.2M
FY2022$2.3M
FY2023$2.3M
FY2024$2.4M
FY2024$2.3M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 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 Feb 2002.

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

Who runs it and what they're paid

64 people listed on the 990; $523K 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
Executive Director
$234,263Pt VII · Sec A
Director of Wool Programs
$124,487Pt VII · Sec A
Senior Policy Director
$101,500Pt VII · Sec A
$62,500Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Peter Orwick’s $256K as Executive Di is at the 97th percentile of top reported officer pay among 818 $1–10M food & agriculture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Peter Orwick$256,135$256,135$244,038$244,038$244,038$234,263
Rita Kourlis—$132,634$130,320$130,320$128,320$124,487
Rita Kourlis Samuelson$122,403—————
Chase Adams—————$101,500
Larry Kincaid$67,096$67,096$66,000$62,000$63,096$62,500

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 The Wool Trust Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Supports U.S. sheep farmers by providing quality-improvement training, sharing industry information, and promoting the domestic wool market to strengthen the industry.

Provided by the organization

Know this organization? Claim it to add your story

1 program · in their own filed words · FY2019
01

Assist U.S. Wool producers to improve the quality of wool produced in the U.S., disseminate information to producers, and assist in the development and promotion of the wool market.

Pt IX · col B

Funders

Who pays for it.

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Gifts and grantsLn 1h$3.4M
Other incomeLn 4–11$15K
Money outPt IX
$3.3M
Ln 25
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$2.2M
LiabilitiesLn 26$153K
PeoplePt VI, VII
64
listed · VII A
PaidVII A4
Voting boardVI 1a57
IndependentVI 1b57
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Government grantsLn 1e$3.4M
Other incomeLn 4–11$15K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$2.2M
LiabilitiesLn 26$153K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 510
VolunteersI 6300
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.6M$1.5M
Land, buildings, equipmentLn 10c$9K$5K
Total assetsLn 16$2.0M$2.2M
LiabilitiesLn 26$82K$153K
Net assetsLn 32$1.9M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$297K
Other salaries and wagesLn 7$533K
Other employee benefitsLn 9$209K
Payroll taxesLn 10$58K
Legal feesLn 11b$10
Accounting feesLn 11c$30K
Advertising and promotionLn 12$239K
OccupancyLn 16$110K
TravelLn 17$114K
Conferences, conventions and meetingsLn 19$133K
Depreciation, depletion and amortizationLn 22$4K
InsuranceLn 23$11K
Other expenses (24a–d)Ln 24$1.6M
All other expensesLn 24e$52K
Total functional expensesLn 25$3.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.6M$3.5M$142K$2.4M 990 PDF
FY2023 $3.6M$3.7M−$21K$2.3M 990 PDF
FY2022 $3.6M$3.5M$93K$2.3M 990 PDF
FY2021 $3.3M$3.0M$225K$2.2M 990 PDF
FY2020 Viewing $3.4M$3.3M$62K$2.0M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2020 990 (6 parts)
Part I · Summary $3,407,101 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,360,926$3,392,301
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $13,580$14,800
I-12 Total revenuePrior year $3,374,506$3,407,101
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 $993,201$1,096,650
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,472,032$2,248,271
I-18 Total expensesPrior year $3,465,233$3,344,921
I-19 Revenue less expensesPrior year −$90,727$62,180
Part VI · Governance 57 of 57 board members independent, 2 to look at
VI-1a Voting members of the governing body57
VI-1b Independent voting members57
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
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $3,407,101 across 4 lines filed
VIII-1e Government grants$3,392,301
VIII-1h Total contributions, gifts and grants$3,392,301
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,800$14,800
VIII-12 Total revenueRelated to mission $14,800 · Unrelated business $0 · Excluded from tax $0$3,407,101
Part IX · Statement of functional expenses $3,344,921 across 14 lines filed
IX-5 Pay of current officers, directors and key staff$296,763
IX-7 Other salaries and wages$532,556
IX-9 Other employee benefits$209,054
IX-10 Payroll taxes$58,277
IX-11b Legal fees$10
IX-11c Accounting fees$30,000
IX-12 Advertising and promotion$239,259
IX-16 Occupancy$109,666
IX-17 Travel$113,718
IX-19 Conferences, conventions and meetings$132,847
IX-22 Depreciation, depletion and amortization$3,728
IX-23 Insurance$10,594
IX-24 Other expenses (24a–d)$1,556,595
IX-24e All other expenses$51,854
IX-25 Total functional expenses$3,344,921
Part X · Balance sheet $2,150,241 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,567,750$1,475,218
X-4 Accounts receivableStart of year $408,559$617,408
X-9 Prepaid expenses and deferred chargesStart of year $31,415$52,758
X-10c Land, buildings and equipment, netStart of year $8,581$4,857
X-16 Total assetsStart of year $2,016,305$2,150,241
X-17 Accounts payable and accrued expensesStart of year $81,728$153,484
X-26 Total liabilitiesStart of year $81,728$153,484
X-27 Net assets without donor restrictionsStart of year $1,934,577$1,996,757
X-32 Total net assets or fund balancesStart of year $1,934,577$1,996,757
X-33 Total liabilities and net assetsStart of year $2,016,305$2,150,241
Part XI · Reconciliation of net assets $1,996,757 net assets at year end
XI-1 Total revenue$3,407,101
XI-2 Total expenses$3,344,921
XI-3 Revenue less expenses$62,180
XI-4 Net assets at start of year$1,934,577
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,996,757

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.