Poured Concrete Wall Association Inc

The information for Poured Concrete Wall Association Inc is as of the organization's most recent filing in December '21. This organization is located in Troy, MI. It has been in existence for 51 years, following its founding in 1970.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Poured Concrete Wall Association Inc's NTEE code is S03. The "S" tells us that the organization is classified along with Professional Societies & Associations. The "03" tells us that the organization is focused on Community Improvement & Capacity Building. The NTEE describes organizations in this category as learned societies, professional councils, and other organizations that bring together individuals or organizations with a common professional or vocational interest within the Community Improvement, Capacity Building major group area.

Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to fall under section 6, which is Business Leagues, Chambers of Commerce, Real Estate Boards. The IRS describes these organizations as those that promote the common business interests of a particular trade or group of trades within a specific geographic area.

Perhaps the most accurate way to understand the goals of the Poured Concrete Wall Association Inc is by looking at its mission. The mission of the organization is to develop and report on procedures that guarantee quality and satisfaction of work through monthly meetings.

Program Areas

Within the develop and report on procedures to guarantee quality and satisfaction of work program area, the organization focuses on creating and implementing processes to ensure high quality and satisfactory work outcomes. This includes developing and reporting on procedures that are designed to meet and exceed quality standards, as well as monitoring and evaluating the satisfaction of stakeholders involved in the work.

Organization Staffing

Poured Concrete Wall Association Inc is run by Phil Vincenti, who is the President of the organization. The organization does not have any employees and none of the employees are paid over $100k per year. Supporting the organization are 8 volunteers.

Board Governance

The Poured Concrete Wall Association Inc appears to have a well-governed structure based on the information provided. The organization has a small board of 4 voting members, all of whom are independent. This ensures that decision-making is not influenced by personal or financial interests, which is crucial for maintaining transparency and accountability. It is also positive to note that potential conflicts of interest do not exist within the organization. This further strengthens the credibility of the Poured Concrete Wall Association Inc and ensures that decisions are made in the best interest of the organization and its beneficiaries. The fact that board meetings are documented is another indication of good governance. Documenting these meetings helps maintain a record of discussions, decisions, and actions taken, which can be useful for future reference and accountability. However, there are some areas where the organization could improve its governance practices. The lack of documented committee meetings suggests that there may be limited oversight and transparency in the work of these committees. It would be beneficial for the Poured Concrete Wall Association Inc to start documenting committee meetings as well to ensure that all aspects of the organization's work are properly recorded and reviewed. Additionally, the absence of conflict of interest, whistleblower, document retention, and leadership salary policies raises concerns about the organization's ability to address potential issues and ensure ethical practices. Implementing these policies would provide clear guidelines and procedures for addressing conflicts, reporting misconduct, retaining important documents, and reviewing salaries, which are all essential for effective governance. In conclusion, while the Poured Concrete Wall Association Inc demonstrates some positive governance practices, there are areas where improvement is needed. Implementing policies and documenting committee meetings would enhance the organization's transparency, accountability, and overall governance.

Organization Growth

The Poured Concrete Wall Association Inc has experienced both growth and decline over the given time period. While contributions and grants received decreased from $75.0K in 2016 to $74.4K in 2021, investment income increased from $2.8K to $6.2K over the same period. Other revenue, which amounted to $703 in 2016, became insignificant and reached $0 in 2021. However, the total revenue increased from $78.6K in 2016 to $80.6K in 2021, indicating overall growth. On the expense side, total expenses decreased from $61.0K in 2016 to $44.3K in 2021, suggesting effective cost management. Although the number of total volunteers increased from 0 in 2016 to 8 in 2021, this data may not be meaningful for assessing the organization's growth. Overall, the Poured Concrete Wall Association Inc has shown growth in terms of total revenue and investment income, while effectively managing expenses.