Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $9,050

• 2a · Program service revenue: CONTRACTOR ASSESSMENTS

  total $9,713,019 · related or exempt $9,713,019

• 3 · Investment income

  total $442,665 · excluded $442,665

• 7a · Gross sales of assets other than inventory

  securities $2,967,425

• 7b · Less cost or other basis and sales expenses

  securities $3,146,235

• 7c · Gain or loss

  securities -$178,810

• 7d · Net gain or loss

  total -$178,810 · excluded -$178,810

• 8a · Fundraising events: gross income

  $27,730

• 8a · Fundraising events: contributions included on line 1c

  $9,050

• 8b · Fundraising events: direct expenses

  $26,029

• 8c · Net income from fundraising events

  total $1,701 · excluded $1,701

• 9a · Gaming: gross income

  $1,180

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $1,180 · excluded $1,180

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $97,235

• 5 · Compensation of officers, directors and key employees

  total $1,500

• 11b · Fees: legal

  total $24,604

• 11c · Fees: accounting

  total $90,319

• 11d · Fees: lobbying

  total $584,752

• 11f · Fees: investment management

  total $94,310

• 11g · Fees: other

  total $210,456

• 12 · Advertising and promotion

  total $1,057,182

• 13 · Office expenses

  total $106,828

• 14 · Information technology

  total $25,490

• 16 · Occupancy

  total $133,622

• 17 · Travel

  total $74,221

• 19 · Conferences, conventions and meetings

  total $55,080

• 21 · Payments to affiliates

  total $1,095,950

• 22 · Depreciation, depletion and amortization

  total $64,923

• 23 · Insurance

  total $7,609

• 24a · Other expenses: NATIONAL PROGRAMS

  total $4,504,184

• 24b · Other expenses: BURN DEMONSTRATIONS

  total $177,811

• 24c · Other expenses: EDUCATION AND TRAINING

  total $175,454

• 24d · Other expenses: REPAIRS AND MAINTENANCE

  total $2,760

• 24e · All other expenses

  total $2,272

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $85,279 · end of year $78,869

• 2 · Savings and temporary cash investments

  beginning of year $1,973,929 · end of year $2,237,653

• 4 · Accounts receivable

  beginning of year $1,006,884 · end of year $1,065,846

• 9 · Prepaid expenses and deferred charges

  beginning of year $73,367 · end of year $31,430

• 10a · Land, buildings and equipment: cost or other basis

  $563,519

• 10b · Land, buildings and equipment: accumulated depreciation

  $282,006

• 10c · Land, buildings and equipment, net

  beginning of year $118,235 · end of year $281,513

• 11 · Investments: publicly traded securities

  beginning of year $12,168,941 · end of year $13,478,624

• 15 · Other assets

  beginning of year $220,345 · end of year $147,946

• 17 · Accounts payable and accrued expenses

  beginning of year $502,033 · end of year $272,249

• 25 · Other liabilities

  beginning of year $876,282 · end of year $190,366

• 27 · Net assets without donor restrictions

  beginning of year $14,268,665 · end of year $16,859,266

The filer's explanations (Part III)

PART I, LINE 3

MEMBERS OF NATIONAL FIRE SPRINKLER INDUSTRY PROMOTION'S BOARD OF DIRECTORS ARE COMPENSATED BY A RELATED PARTY, NATIONAL FIRE SPRINKLER ASSOCIATION ("NFSA"), INC. THE FOLLOWING IS NFSA'S COMPENSATION POLICY: THE FINANCE COMMITTEE REVIEWS AND SUGGESTS COMPENSATION FOR TOP MANAGEMENT AND OTHER OFFICERS BY REVIEWING COMPARABLE DATA OF OTHER SIMILAR ENTITIES. THESE COMPENSATION SUGGESTIONS ARE THEN SUBMITTED TO THE BOARD FOR THEIR APPROVAL AND IS DOCUMENTED IN THE BOARD MINUTES. THIS PROCESS WAS LAST DONE IN DECEMBER 2023.