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Nonprofiteer
← WSIA DIVERSITY FOUNDATION

Form 990 for tax year 2024

Filed by WSIA DIVERSITY FOUNDATION.

Totals

Total revenue
$628,176
Total expenses
$537,626
Contributions and grants received
$606,000
Grants paid
$89,500
Program service revenue
$0
Investment income
$22,176
Other revenue
$0
Total assets, end of year
$2,504,162
Total liabilities, end of year
$2,576
Net assets or fund balances, end of year
$2,501,586
Program services expenses (Part IX)
$504,028
Management and general expenses
$33,598
Fundraising expenses
$0
Program service expenses (Part III)
$504,028

Program services were 93.8% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $606,000

  • 3 · Investment income

    total $22,176 · excluded $22,176

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,750 · program services $20,750

  • 2 · Grants to domestic individuals

    total $68,750 · program services $68,750

  • 11b · Fees: legal

    total $688 · management and general $688

  • 11c · Fees: accounting

    total $1,747 · management and general $1,747

  • 11g · Fees: other

    total $43,851 · program services $43,851

  • 12 · Advertising and promotion

    total $6,888 · management and general $6,888

  • 13 · Office expenses

    total $40,727 · program services $26,682 · management and general $14,045

  • 14 · Information technology

    total $114,128 · program services $114,128

  • 17 · Travel

    total $185,169 · program services $184,711 · management and general $458

  • 19 · Conferences, conventions and meetings

    total $52,222 · program services $45,156 · management and general $7,066

  • 23 · Insurance

    total $2,706 · management and general $2,706

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $742,664 · end of year $215,419

  • 3 · Pledges and grants receivable

    beginning of year $1,450,000 · end of year $1,480,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $235,202 · end of year $311,567

  • 15 · Other assets

    beginning of year $0 · end of year $497,176

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,053 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,277 · end of year $2,576

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,410,536 · end of year $2,501,586

Mission and programs · 2024

Mission

THE WSIA TALENT ADVOCACY & ENGAGEMENT FOUNDATION WAS FOUNDED IN 2020 TO STIMULATE AND ATTRACT A BROAD PIPELINE OF TALENT FOR THE WHOLESALE, SPECIALTY AND SURPLUS LINES INSURANCE INDUSTRY. (EXPANDED MISSION ON SCHEDULE O)THE FOUNDATION STRIVES TO:- PROVIDE EDUCATION RESOURCES AND PROGRAMS DESIGNED TO CULTIVATE A CULTURE FOR WSIA AND ITS MEMBERSHIP WHERE ALL PEOPLE FEEL SUPPORTED AND HAVE WHAT THEY NEED TO SUCCEED IN THE INDUSTRY;- REMOVE ANY BARRIERS TO ENABLE ALL PEOPLE TO COMPETE ON A LEVEL PLAYING FIELD; AND- FOSTER SYNERGY WITH SIMILAR INITIATIVES AMONG ALL INDUSTRY PARTICIPANTS.

Activities or mission (Part I)

STIMULATE AND ATTRACT A BROAD PIPELINE OF TALENT FOR THE INSURANCE INDUSTRY.

  • THE FOUNDATION WAS ORGANIZED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF WHOLESALE & SPECIALTY INSURANCE ASSOCIATION. (CONTINUED ON SCHEDULE O)THE FOUNDATION'S INITIATIVES AND PARTNERSHIPS INCLUDE:- ANNUAL SUMMER INTERNSHIP PROGRAM- ANNUAL ACADEMIC SCHOLARSHIPS- GRANTS TO EXISTING COLLEGE/UNIVERSITY RISK MANAGEMENT AND INSURANCE PROGRAMS- STUDENT SYMPOSIUMS- SUPPORT OF GAMMA IOTA SIGMA (GIS) AND THE GIS FOUNDATION-SUPPORT OF THE NATIONAL VETERANS CHAMBER OF COMMERCE -INCLUSIVE CULTURE INITIATIVES INCLUDING MENTORSHIP, INCLUSIVE LEADERSHIP

    Expenses $504,028 · Grants $89,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CARLTON MANER

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • TONY CHIMERA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • CAREY BOND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THURSTON DAVIS JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GERALD DUPRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DUFFY KOLLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LIZ KRAMER

    DIRECTOR (TERM START 8/2024)

    Total calculated
    $0
    Hours/week
    1

  • PHILLIP MCCRORIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MAYRA PROPIS

    DIRECTOR (TERM START 8/2024)

    Total calculated
    $0
    Hours/week
    1

  • JACQUE SCHAENDORF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MOLLY SHAH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRENDA AUSTENFELD

    DIRECTOR (TERM END 8/2024)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • EMMA GARNER

    DIRECTOR (TERM END 8/2024)

    Total calculated
    $0
    Hours/week
    1

  • JANET JORDAN-FOSTER

    DIRECTOR (TERM END 8/2024)

    Total calculated
    $0
    Hours/week
    1

  • TERRANCE MEADE

    DIRECTOR (TERM END 8/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

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
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202511359349303131

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