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Nonprofiteer
← WSWA EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2023

Filed by WSWA EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$240,275
Total expenses
$118,882
Contributions and grants received
$221,159
Grants paid
$118,000
Program service revenue
$0
Investment income
$19,116
Other revenue
$0
Total assets, end of year
$1,099,270
Total liabilities, end of year
$18,075
Net assets or fund balances, end of year
$1,081,195
Program services expenses (Part IX)
$118,882
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$118,882

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • FRANCIS CREIGHTON

    SECRETARY

    Total calculated
    $675,759
    From this org
    $0
    From related orgs
    $592,139
    Other
    $83,620
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $592,139 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $59,900 related
    Nontaxable benefits
    $0 + $23,720 related
    Filer's total
    $0 + $675,759 related

  • ROBERT LIPMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • STEVEN BECKER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BOBBY HARMELIN

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JAY COLSTON III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STAN HASTINGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RICHARD LEVENTHAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CHARLES MERINOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE FOUNDATION DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF THE WINE & SPIRITS WHOLESALERS OF AMERICA, INC., A RELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(6). THE ASSOCIATION'S EXECUTIVE COMMITTEE ANNUALLY REVIEWS COMPENSATION FOR TOP MANAGEMENT OFFICIALS. THE ASSOCIATION REVIEWS RELEVANT BENCHMARKING SURVEYS OF COMPARABLE JOBS BOTH WITHIN AND OUTSIDE THE INDUSTRY IN THE WASHINGTON, D.C. AREA.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349307592

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