Form 990 for tax year 2023

Totals

Total revenue

$567,005

Total expenses

$677,783

Contributions and grants received

$567,005

Grants paid

$89,000

Program service revenue

$0

Investment income

$0

Other revenue

$0

Total assets, end of year

$2,427,866

Total liabilities, end of year

$17,330

Net assets or fund balances, end of year

$2,410,536

Program services expenses (Part IX)

$626,379

Management and general expenses

$51,404

Fundraising expenses

$0

Program service expenses (Part III)

$626,379

Program services were 92.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• WSIA DIVERSITY FOUNDATION WAS ORGANIZED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF WHOLESALE & SPECIALTY INSURANCE ASSOCIATION. WSIA DIVERSITY FOUNDATION INITIATIVES AND PARTNERSHIPS INCLUDE:- INVESTMENTS IN THE DEVELOPMENT OF RISK MANAGEMENT AND INSURANCE (RMI) PROGRAMS AT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES- COLLABORATION WITH OTHER INDUSTRY TRADE AND PROFESSIONAL ASSOCIATIONS TO PARTNER, WHERE POSSIBLE, TOWARD CONSISTENT DIVERSITY, EQUITY, AND INCLUSIVITY GOALS(CONTINUED ON SCHEDULE O)- ANNUAL SUMMER INTERNSHIP PROGRAM- ANNUAL ACADEMIC SCHOLARSHIPS- GRANTS TO EXISTING COLLEGE/UNIVERSITY RISK MANAGEMENT AND INSURANCE PROGRAMS ADVANCING OUR DIVERSITY GOALS- STUDENT SYMPOSIUMS- SUPPORT OF GAMMA IOTA SIGMA (GIS), THE GIS FOUNDATION AND ITS FOCUS ON A MORE DIVERSE TALENT PIPELINE FOR THE INDUSTRY - SUPPORT OF THE GLOBAL DIVE IN FESTIVAL, A GLOBAL MOVEMENT IN THE INSURANCE SECTOR TO SUPPORT THE DEVELOPMENT OF INCLUSIVE WORKPLACE CULTURES-SUPPORT OF THE NATIONAL VETERANS CHAMBER OF COMMERCE -SUPPORT AND PARTNERSHIP WITH THE NAIC DEI INITIATIVES-INCLUSIVE CULTURE INITIATIVES INCLUDING MENTORSHIP, INCLUSIVE LEADERSHIP

  Expenses $626,379 · Grants $89,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

• USC MARSHALL SCHOOL OF BUSINESS

  $10,000

  SCHOOL OF BUSINESS SPONSORSHIP

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• WHOLESALE & SPECIALTY INSURANCE ASSOCIATION

  501(C)(6) · MEMBER ORGANIZATION REPRESENTING WHOLESALE, SPECIALTY & SURPLUS LINES · MO

• WSIA EDUCATION FOUNDATION

  501(C)(3) · STUDENT-FOCUSED EDCUATIONAL PROGRAMS, SYMPOSIUMS & SCHOLARSHIPS · MO

Provenance

Return type

form_990

Tax year

2023

Filed

13 May 2024

IRS schema version

2023v5.0

Source object

202441349349308974

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