Work Preservation Fund INC FY2021 filing

Not tax-deductible

Livermore, CA501(c)(6)EIN 95-3214251Revenue $790K in FY2021

On file with the IRS2705 Constitution Dr Ste B, 94551-9206 · Livermore, CATax-exempt since Apr 1979

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To improve communication between representatives of labor and management.

Mission: Form 990 Part I, line 1

Before you give

FY2021 · 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
5 of 6
filings with a surplus
Average surplus $179K a year · 24% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
88 mo
of spending, in cash
Looks good: 88.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$790K
-8% vs prior year
Spent
$328K
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$790K
FY2021▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$855K
FY2021$790K
FY2022$689K
FY2023$695K
FY2024$733K
FY2025$785K
Expenses
$328K
FY2021▼ -29%
Tap a bar for its year
Expenses by fiscal year
FY2020$466K
FY2021$328K
FY2022$539K
FY2023$727K
FY2024$721K
FY2025$693K
Net assets
$2.5M
FY2021▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.5M
FY2022$2.7M
FY2023$2.7M
FY2024$2.7M
FY2025$2.8M

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 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 Apr 1979.

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice-President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary / Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President - Past
$0Pt VII · Sec A
$0Pt VII · Sec A
Director - Past
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Work Preservation Fund 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

Facilitates dialogue and understanding between labor and management representatives.

Questions for Work Preservation Fund INC

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Improved communication between representatives of labor and management, and engendered cooperative and harmonious relations between labor and management in california painting, drywall, glazing, floorcovering and allied industries. The corporation received donated services in value of $19,903 during the fiscal year ended june 30, 2021.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$790K
Ln 12
Fees for servicesLn 2g$776K
Investment incomeLn 3$14K
Other incomeLn 4–11$973
Money outPt IX
$328K
Ln 25
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$2.5M
LiabilitiesLn 26$6K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$776K
Investment incomeLn 3$14K
Other incomeLn 4–11$973
Total revenueLn 12$790K
Assets in detailPt X, end of year
SavingsLn 2$2.4M
Cash and savings togetherLn 1–2$2.4M
Land, buildings, equipmentLn 10c$11K
Total assetsLn 16$2.5M
LiabilitiesLn 26$6K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.0M$2.4M
Land, buildings, equipmentLn 10c$1K$11K
Total assetsLn 16$2.1M$2.5M
LiabilitiesLn 26$12K$6K
Net assetsLn 32$2.1M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$98K
Pension plan contributionsLn 8$16K
Other employee benefitsLn 9$37K
Payroll taxesLn 10$11K
Legal feesLn 11b$31K
Accounting feesLn 11c$8K
Investment management feesLn 11f$55
Other fees for servicesLn 11g$20K
Office expensesLn 13$21K
OccupancyLn 16$66K
TravelLn 17$6K
Conferences, conventions and meetingsLn 19$15
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$10K
Other expenses (24a–d)Ln 24$2K
Total functional expensesLn 25$328K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $785K$693K$91K$2.8M 990 PDF
FY2024 $733K$721K$12K$2.7M 990 PDF
FY2023 $695K$727K−$32K$2.7M 990 PDF
FY2022 $689K$539K$150K$2.7M 990 PDF
FY2021 Viewing $790K$328K$462K$2.5M 990 PDF
FY2020 $855K$466K$390K$2.1M 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 FY2021 990 (6 parts)
Part I · Summary $790,430 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $829,924$775,919
I-10 Investment incomePrior year $22,215$13,538
I-11 Other revenuePrior year $3,137$973
I-12 Total revenuePrior year $855,276$790,430
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 $314,671$161,562
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $150,905$166,878
I-18 Total expensesPrior year $465,576$328,440
I-19 Revenue less expensesPrior year $389,700$461,990
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $790,430 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $775,919$775,919
VIII-3 Investment incomeExcluded from tax $13,538$13,538
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $973$973
VIII-12 Total revenueRelated to mission $776,892 · Unrelated business $0 · Excluded from tax $13,538$790,430
Part IX · Statement of functional expenses $328,440 across 15 lines filed
IX-7 Other salaries and wages$97,692
IX-8 Pension plan contributions$16,078
IX-9 Other employee benefits$36,942
IX-10 Payroll taxes$10,850
IX-11b Legal fees$31,128
IX-11c Accounting fees$7,800
IX-11f Investment management fees$55
IX-11g Other fees for services$20,284
IX-13 Office expenses$20,810
IX-16 Occupancy$65,569
IX-17 Travel$6,367
IX-19 Conferences, conventions and meetings$15
IX-22 Depreciation, depletion and amortization$2,232
IX-23 Insurance$10,359
IX-24 Other expenses (24a–d)$2,259
IX-25 Total functional expenses$328,440
Part X · Balance sheet $2,549,340 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,978,399$2,415,892
X-4 Accounts receivableStart of year $114,000$122,000
X-10c Land, buildings and equipment, netStart of year $1,441$11,448
X-16 Total assetsStart of year $2,093,840$2,549,340
X-17 Accounts payable and accrued expensesStart of year $12,430$5,940
X-26 Total liabilitiesStart of year $12,430$5,940
X-27 Net assets without donor restrictionsStart of year $2,081,410$2,543,400
X-32 Total net assets or fund balancesStart of year $2,081,410$2,543,400
X-33 Total liabilities and net assetsStart of year $2,093,840$2,549,340
Part XI · Reconciliation of net assets $2,543,400 net assets at year end
XI-1 Total revenue$790,430
XI-2 Total expenses$328,440
XI-3 Revenue less expenses$461,990
XI-4 Net assets at start of year$2,081,410
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,543,400

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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