Wichita Industrial Trade Show Inc Wits
- Assets
- $85.7k
- Revenue
- $374.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Wichita, KS
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 48-0866194
Organization Overview
Wichita Industrial Trade Show Inc Wits is located in Wichita, KS. The organization was established in 0000. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wichita Industrial Trade Show Inc Wits is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Wichita Industrial Trade Show Inc Wits generated $374.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $353.2k during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wichita Industrial Trade Show Inc Wits has awarded 12 individual grants totaling $825,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WICHITA INDUSTRIAL TRADE SHOW (WITS) ORGANIZED A BIENNIAL TRADE SHOW COMMITTED TO THE ADVANCEMENT AND EDUCATION AND PROVIDING ACCESS TO THE LATEST INDUSTRIAL TECHNOLOGY MACHINES, METHODS AND PROCESSES, THE TARGETED AUDIENCES FOR THE SHOW ARE THE PROFESSIONALS AND STUDENTS IN THE MANUFACTURING AND SUPPLY MANAGEMENT COMMUNITIES LOCATED IN AND AROUND THE MIDWESTERN UNITED STATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WICHITA INDUSTRIAL TRADE SHOW IS HELD BI-ANNUALLY DURING THE LAST QUARTER OF AN ODD NUMBERED YEAR. THE ACTIVITY IN EVEN NUMBERED YEARS IS DIRECTED TOWARD THE NEXT TRADE SHOW. GRANTS ARE DIVIDED EQUALLY BETWEEN TEH SOCIETY FOR THE ADVANCEMENT OF THE MANUFACTURING & THE INSTITUTE OF SUPPLY MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed Bennett Director | Trustee | 1 | $0 |
Bob Cropp Director | Trustee | 1 | $0 |
Steve Huscher Director | Trustee | 1 | $0 |
Terry Klein Director | Trustee | 1 | $0 |
John Rice Director | Trustee | 1 | $0 |
Brad Unruh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $374,116 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $374,117 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $175,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,998 |
| Office expenses | $4,401 |
| Information technology | $9,050 |
| Royalties | $0 |
| Occupancy | $4,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,614 |
| All other expenses | $34,667 |
| Total functional expenses | $353,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,697 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $85,697 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $85,697 |
| Total liabilities and net assets/fund balances | $85,697 |
Grants Awarded
Over the last fiscal year, Wichita Industrial Trade Show Inc Wits has awarded $175,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ISM-WICHITA INC PURPOSE: TRADE SHOW PROCEEDS FOR EDUCATION | $87,500 |
THE SOCIETY OF ADVANCEMENT OF MANUFACTURING PURPOSE: TRADE SHOW PROCEEDS FOR EDUCATION | $87,500 |