The Foundation Of The Wall And Ceiling Industry Inc
- Assets
- $1.9m
- Revenue
- $94.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 10/1980
- Data as of
- 06/2022
- EIN
- 52-1244895
Organization Overview
The Foundation Of The Wall And Ceiling Industry Inc is located in Falls Church, VA. The organization was established in 1980. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The Wall And Ceiling Industry Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Foundation Of The Wall And Ceiling Industry Inc generated $94.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $126.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE AN ACTIVE, UNBIASED SOURCE OF INFORMATION AND EDUCATION TO SUPPORT THE WALL AND CEILING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OF THE WALL AND CEILING INDUSTRY IMPLEMENTED AWCI CARES (CARING ACTION RELIEF FOR EMERGENCY SITUATIONS) TO PROVIDE FINANCIAL ASSISTANCE DURING TIMES OF NEED ARISING FROM SUDDEN ILLNESS, ACCIDENT, DEATH OR HARDSHIP BEYOND INSURANCE OR FINANCIAL CAPABILITIES. GRANTS ARE AVAILABLE TO THE EMPLOYEES AND FAMILIES OF AWCI MEMBER COMPANIES WHO EXPERIENCE A FINANCIAL HARDSHIP CREATED BY UNFORSEEN CIRCUMSTANCES.
PUBLICATIONS - THE FOUNDATION PUBLISHES ONE REPORT EACH YEAR AS PART OF ITS ANNUAL RESEARCH SERIES. THE REPORT IS DISTRIBUTED TO THE AWCI MEMBERSHIP FOR FREE AND MADE AVAILABLE ON THE AWCI WEBSITE FOR FREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Navratil President | OfficerTrustee | 1 | $0 |
Jay Watt Immediate Past President | OfficerTrustee | 1 | $0 |
Jim Collins Secretary/treasuer | OfficerTrustee | 1 | $0 |
Timothy Wies Vice President | OfficerTrustee | 1 | $0 |
Michael F Stark CEO | Officer | 4 | $0 |
Annemarie Selvitelli Executive Director | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,849 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,955 |
| Noncash contributions included in lines 1a–1f | $41,407 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,804 |
| Total Program Service Revenue | $0 |
| Investment income | $36,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,574 |
| Net Income from Fundraising Events | $2,987 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,778 |
| 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 | $70,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,119 |
| Fees for services: Accounting | $11,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,854 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,963 |
| Office expenses | $3,484 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $776 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $126,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,227 |
| Savings and temporary cash investments | $34,458 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,100 |
| 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 | $1,832,276 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,935,061 |
| Accounts payable and accrued expenses | $94,446 |
| 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 | $94,446 |
| Net assets without donor restrictions | $1,840,615 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,935,061 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Foundation Of The Wall And Ceiling Industry Inc has recieved totaling $41.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |