Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
14 people listed on the 990.
Paul Struhsaker’s $353K as Executive Director is at the 91st percentile of top reported officer pay among 2832 $1–10M community development 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2023 |
|---|---|---|
| Paul Struhsaker | $353,068 | $360,083 |
| Rohit Goyal | $224,799 | $234,576 |
| Mitch Kettrick | $229,576 | $232,875 |
| Michael Eckert | $227,510 | $229,167 |
| Douglas Ward | $198,805 | $194,907 |
| Vinay Subramani | $136,148 | $142,458 |
| Franklin Rose | $139,320 | $133,100 |
| Kareem Habib | $133,047 | $102,564 |
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 15aNo
Programs and updates
Wireless Power Consortium INC is a business league or trade association based in Washington, DC, formed in 2019.
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The household & industry work group has established three specification groups: the ki spec group creates the ki cordless kitchen specification. The light electric vehicle spec group discusses the commercial requirements for a future specification for wireless charging of light electric vehicles such as e-bikes, e-scooters and more.
The board of directors increased the scope of the infrastructure applications group (iag) and made the iag an operational work group. The iag is an operational workgroup dedicated to driving adoption of WPC specifications in hotels, restaurants, sporting venues, and other everyday locations. The iag is open to all membership levels.
Board of directors approved the final drafts of the qi v1.3, qi v1.3.1 and qi v1.3.2 specification during 2021. These versions of the specification are now an "approved specification" according to the process defined in clause 6.4.1.5 of the bylaws.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $7.5M | $10.9M |
| Total assetsLn 16 | $12.7M | $14.7M |
| LiabilitiesLn 26 | $8.0M | $7.1M |
| Net assetsLn 32 | $4.7M | $7.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $350K | |||
| Legal feesLn 11b | $394K | |||
| Accounting feesLn 11c | $43K | |||
| Other fees for servicesLn 11g | $2.1M | |||
| Advertising and promotionLn 12 | $350K | |||
| Office expensesLn 13 | $29K | |||
| Information technologyLn 14 | $232K | |||
| OccupancyLn 16 | $6K | |||
| TravelLn 17 | $7K | |||
| Conferences, conventions and meetingsLn 19 | $3K | |||
| InsuranceLn 23 | $33K | |||
| Other expenses (24a–d)Ln 24 | $273K | |||
| All other expensesLn 24e | $819 | |||
| Total functional expensesLn 25 | $3.8M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $8.9M | $7.7M | $1.3M | $6.6M | 990 PDF |
| FY2023 | $6.1M | $8.8M | −$2.8M | $5.3M | 990 PDF |
| FY2022 | $6.2M | $5.8M | $435K | $8.1M | 990 PDF |
| FY2021 Viewing | $6.7M | $3.8M | $2.9M | $7.7M | 990 PDF |
| FY2020 | $2.1M | $1.6M | $530K | $4.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $6,732,704 across 2 lines filed
Part IX · Statement of functional expenses $3,819,466 across 13 lines filed
Part X · Balance sheet $14,746,488 assets, 11 lines filed
Part XI · Reconciliation of net assets $7,661,617 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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