FOUNDATION OF THE WALL AND CEILING INDUSTRYINC

EIN: 521244895 501(c)(3)

FALLS CHURCH, VA

Total Revenue
$305,062
Total Expenses
$261,872
Total Assets
$2,185,427
Net Assets
$2,185,407
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
DC
Principal Officer
MICHAEL F STARK
Phone
7035381600
Tax Period
2024-07-01 to 2025-06-30

FOUNDATION OF THE WALL AND CEILING INDUSTRYINC, founded in 1978, is a small nonprofit that reported $131K in total revenue in fiscal year 2017. Net assets of $1.7M represent 153 months of operating reserves.

Mission

TO BE AN ACTIVE, UNBIASED SOURCE OF INFORMATION AND EDUCATION TO SUPPORT THE WALL AND CEILING INDUSTRY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $71,600
Program Service Revenue $0
Investment Income $228,488
Other Revenue $4,974
TOTAL REVENUE $305,062

Expense Breakdown

Grants Paid $48,882
Salaries & Benefits $82,214
Fundraising Expenses $42,327
Program Expenses $181,517
Other Expenses $130,776
TOTAL EXPENSES $261,872

Year-over-Year Comparison

2024 2023 Change
Revenue $305,062 $146,892 +1.1%
Expenses $261,872 $148,088 +0.8%
Net Income $43,190 $-1,196 -37.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER WILHELMS PRESIDENT 1.00
Officer Director
$0 $0 $0
LEE ZARETSKY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JIM COLLINS IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
KELLY JONES SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
C BRENT ALLEN DIRECTOR 1.00
Director
$0 $0 $0
BRIAN ALLEN DIRECTOR 1.00
Director
$0 $0 $0
HOWARD BERNSTEIN DIRECTOR 1.00
Director
$0 $0 $0
ADAM NAVRATIL DIRECTOR 1.00
Director
$0 $0 $0
JAY WATT DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL F STARK CEO 4.00
Officer
$0 $0 $0
ANNEMARIE SELVITELLI EXECUTIVE DIRECTOR 4.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $305,062 $261,872 $2,185,427 $43,190
2024 $146,892 $148,088 $2,109,758 $-1,196
2023 $335,246 $146,501 $2,140,349 $188,745
2022 $94,422 $126,710 $1,935,061 $-32,288
2021 $99,314 $133,957 $2,234,060 $-34,643
2020 $217,187 $156,878 $1,913,210 $60,309
2019 $243,183 $138,768 $1,840,725 $104,415
2018 $131,353 $143,601 $1,681,277 $-12,248
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