Elevator Industry Work Preservation Fund
501(c)(5)
71% goes to programs Strong reserves Growing revenue
Elevator Industry Work Preservation Fund is a 501(c)(5) organization based in Columbia, Maryland, registered in 1998, with $61,385,598 in FY2023 revenue. CharityIndex grades it B, and it directs about 71% of spending to programs.
8221 Snowden River Pkwy, Columbia, MD, 21045 EIN 52-2051811 Since 1998
Revenue (FY2023)
$61.4M
▲ 55.6% vs prior year
Expenses (FY2023)
$36.6M
Net assets
$110.6M
Employees
31
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
BProgram efficiency40% of the rating71% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Elevator Industry Work Preservation Fund: 71% to programs earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating36 mo reserves · +40% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Elevator Industry Work Preservation Fund: 36 mo reserves · +40% margin earns a A on this criterion. See the exact thresholds →
CGovernance25% of the rating2 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Elevator Industry Work Preservation Fund: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Elevator Industry Work Preservation Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The fund administers a labor-management cooperation committee. the exempt purpose of this fund is to improve labor-management relations, economic development, and other communications between labor and management.
Contact & location
Financial trends
Revenue grew from $12.3M (FY2013) to $61.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $16.1MNet assets $110.6M
Operating margin
40.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$126.7M
Total liabilities
$16.1M
Net assets
$110.6M
Salaries & benefits
$8.2M
22% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $61,385,598▲55.6% | $36,590,584▲19.3% | $110,554,471▲43.7% | $126,657,274▲38.3% | 990 |
| 2022 | $39,452,103▲35.1% | $30,659,890▲21.9% | $76,922,105▲12.9% | $91,581,179▲12.8% | 990 |
| 2021 | $29,193,872▲7.1% | $25,150,645▲50.4% | $68,129,892▲6.3% | $81,169,889▲7.5% | 990 |
| 2020 | $27,265,052▲17.5% | $16,722,566▲13.4% | $64,120,431▲19.6% | $75,509,631▲18.8% | 990 |
| 2019 | $23,195,622▲15.4% | $14,750,080▲5.6% | $53,600,455▲18.7% | $63,534,974▲15.4% | 990 |
| 2018 | $20,101,485▲22.0% | $13,973,482▲15.8% | $45,167,191▲15.7% | $55,032,501▲12.7% | 990 |
| 2017 | $16,470,282▲12.1% | $12,065,025▼30.0% | $39,036,519▲13.0% | $48,832,103▲9.7% | 990 |
| 2016 | $14,690,374▲6.5% | $17,233,845▲42.3% | $34,537,891▼6.7% | $44,511,047▲10.5% | 990 |
| 2015 | $13,790,395▲3.8% | $12,114,453▲53.8% | $37,021,501▲4.9% | $40,295,094▲13.0% | 990 |
| 2014 | $13,280,019▲7.9% | $7,876,709▲5.0% | $35,298,877▲18.2% | $35,654,868▲17.4% | 990 |
| 2013 | $12,310,238 | $7,498,266▲15.5% | $29,872,602▲19.7% | $30,369,126▲18.7% | 990 |
| 2012 | — | $6,490,731▼34.1% | $24,960,126▲25.8% | $25,585,768▲26.8% | 990 |
| 2011 | — | $9,853,185▼11.8% | $19,834,990▼0.7% | $20,175,158▼5.1% | 990 |
| 2010 | — | $11,166,729▲116% | $19,972,605▼13.2% | $21,252,971▼10.2% | 990 |
| 2009 | — | $5,163,299 | $23,021,970 | $23,671,149 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: R Allen Spears — $306,290 (0.84% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| R Allen Spears | National Director | 60 | $306,290 |
| James M Demmel | Asstant Nat'l Director | 50 | $269,002 |
| Eric Rogers | National Coordinator | 45 | $242,268 |
| Carisa H Barrett | National Coordinator | 45 | $231,714 |
| David R Hallmark | National Coordinator | 45 | $231,714 |
| Donald M Winkle | National Coordinator | 45 | $231,714 |
| Eric Stringer | National Coordinator | 45 | $231,714 |
| Howard S Russell | National Coordinator | 45 | $231,714 |
| John Valone | National Coordinator | 45 | $231,714 |
| Kevin P Sullivan | National Coordinator | 45 | $231,714 |
| Maggie Cleveland | National Coordinator | 45 | $231,714 |
| Matthew Rusch | National Coordinator | 45 | $231,714 |
| Todd J Albertson | National Coordinator | 45 | $231,714 |
| Frank J Christensen | Trustee | 1 | — |
| James Chapman III | Trustee | 1 | — |
| James K Bender II Retired | Trustee | 1 | — |
| Larry J Mcgann | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Insegment | Marketing | $482,840 |
| International Union of Elevator Construc | Rent | $372,669 |
| Beelmedia | Video Assistance | $110,000 |
Grants made · $1.7M in FY2023
1 grant totaling $1.7M in FY2023. All grants made by Elevator Industry Work Preservation Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| Qualified Elevator Inspector Training Tr | To assist the fund which provides educational training to eligible elevator inspectors. | $1,700,000 |
Frequently asked questions
- Is Elevator Industry Work Preservation Fund a legitimate nonprofit?
- Yes. Elevator Industry Work Preservation Fund is a 501(c)(5) organization registered with the U.S. Internal Revenue Service under EIN 52-2051811, based in Columbia, Maryland.
- What is Elevator Industry Work Preservation Fund's EIN?
- Elevator Industry Work Preservation Fund's Employer Identification Number (EIN) is 52-2051811.
- How much revenue does Elevator Industry Work Preservation Fund report?
- Elevator Industry Work Preservation Fund reported $61,385,598 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Elevator Industry Work Preservation Fund's spending goes to programs?
- Elevator Industry Work Preservation Fund spends about 71% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Elevator Industry Work Preservation Fund have?
- CharityIndex grades Elevator Industry Work Preservation Fund B, based on program efficiency and fundraising cost.
- How much does Elevator Industry Work Preservation Fund's highest-paid employee make?
- The highest reported compensation on Elevator Industry Work Preservation Fund's latest Form 990 is $306,290, paid to R Allen Spears (National Director).
More nonprofits in Columbia
Explore more
Data for Elevator Industry Work Preservation Fund (EIN 52-2051811) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.