Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $160,558

• 1f · All other contributions, gifts and grants

  $8,155

• 2a · Program service revenue: INDUSTRY ADVANCEMENT FUND

  total $5,983,465 · related or exempt $5,983,465

• 2b · Program service revenue: SPONSORSHIPS

  total $152,450 · related or exempt $152,450

• 2c · Program service revenue: PROGRAM RELATED EVENTS

  total $140,075 · related or exempt $140,075

• 2d · Program service revenue: MEMBERSHIP DUES

  total $48,400 · related or exempt $48,400

• 3 · Investment income

  total $407,900 · excluded $407,900

• 7a · Gross sales of assets other than inventory

  securities $7,853,483

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

  securities $7,903,448 · other assets $4,532

• 7c · Gain or loss

  securities -$49,965 · other assets -$4,532

• 7d · Net gain or loss

  total -$54,497 · excluded -$54,497

• 11a · Other revenue: ADMINISTRATIVE FEES

  total $78,000 · related or exempt $78,000

• 11e · Other revenue, total

  $78,000

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $144,743

• 2 · Grants to domestic individuals

  total $85,000

• 5 · Compensation of officers, directors and key employees

  total $1,312,799

• 7 · Other salaries and wages

  total $498,604

• 8 · Pension plan contributions

  total $110,910

• 9 · Other employee benefits

  total $133,124

• 10 · Payroll taxes

  total $84,020

• 11b · Fees: legal

  total $27,545

• 11c · Fees: accounting

  total $289,011

• 11d · Fees: lobbying

  total $11,000

• 11f · Fees: investment management

  total $24,527

• 11g · Fees: other

  total $32,033

• 12 · Advertising and promotion

  total $198,062

• 13 · Office expenses

  total $173,584

• 16 · Occupancy

  total $219,225

• 17 · Travel

  total $60,663

• 19 · Conferences, conventions and meetings

  total $1,031,564

• 22 · Depreciation, depletion and amortization

  total $122,267

• 23 · Insurance

  total $30,623

• 24a · Other expenses: WALL & CEILING BUREAU T

  total $509,110

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $325,240

• 24c · Other expenses: GOVERNMENT RELATIONS

  total $43,000

• 24d · Other expenses: EDUCATIONAL PROGRAMS

  total $11,776

• 24e · All other expenses

  total $10,834

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,614,400 · end of year $250,000

• 2 · Savings and temporary cash investments

  beginning of year $3,382,861 · end of year $3,790,338

• 4 · Accounts receivable

  beginning of year $1,047,648 · end of year $2,534,375

• 9 · Prepaid expenses and deferred charges

  beginning of year $15,254 · end of year $25,683

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

  $3,947,734

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

  $894,320

• 10c · Land, buildings and equipment, net

  beginning of year $3,142,588 · end of year $3,053,414

• 11 · Investments: publicly traded securities

  beginning of year $8,073,944 · end of year $14,360,890

• 15 · Other assets

  beginning of year $500 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $676,283 · end of year $364,185

• 23 · Secured mortgages and notes payable

  beginning of year $48,936 · end of year $76,512

• 27 · Net assets without donor restrictions

  beginning of year $21,551,976 · end of year $23,574,003

The filer's explanations (Part III)

PART I, LINE 1A

HEALTH CLUB MEMBERSHIPS ARE OPEN TO ALL WACA EMPLOYEES.

PART I, LINE 1B

THE WACA BOARD OF DIRECTORS INCLUDED THIS BENEFIT IN THE EMPLOYEE PACKAGE.