Wci Inc
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Asheville, NC
- Founding
- 08/1961
- Data as of
- 12/2021
- EIN
- 56-0680992
Organization Overview
Wci Inc is located in Asheville, NC. The organization was established in 1961. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Wci Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wci Inc 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 12/2021, Wci Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WCI, INC IS A MEMBERSHIP ORGANIZATION CREATED TO FURTHER AND PROTECT THE INTERESTS OF INDUSTRIAL AND COMMERCIAL ENTERPRISES WITHIN THEIR AREAS OF OPERATION; TO ENCOURAGE FRIENDLY COOPERATION BETWEEN EMPLOYERS AND EMPLOYEES; AND TO SPONSOR EDUCATIONAL PROGRAMS DESIGNED TO PROMOTE A CLEAR UNDERSTANDING OF THE PROBLEMS CONFRONTING BUSINESS AND INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WCI, INC. PROVIDES ITS MEMBERS WITH EMPLOYER ADVICE AND COUNSEL, REFERENCE SURVEYS AND PUBLICATIONS, NETWORKING OPPORTUNITIES, CONSULTING AND TRAINING IN THE AREAS OF HUMAN RESOURCES, HEALTH AND WELLNESS, SUPERVISORY DEVELOPMENT, QUALITY IMPROVEMENT AND WORKPLACE SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fredrick Reese President | OfficerTrustee | 40 | $195,959 |
Terry Childers Reg Mgr | 40 | $133,866 | |
Necannady III Director | Trustee | 0.5 | $0 |
Jimm Bunch Director | Trustee | 0.5 | $0 |
W Louis Bissette Jr Chairman | Trustee | 1 | $0 |
Ronald Sessions Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $644,295 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $147,900 |
| 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 | $792,195 |
| Total Program Service Revenue | $390,352 |
| Investment income | $4,357 |
| 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 | $1,186,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $254,307 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,654 |
| Pension plan accruals and contributions | $35,820 |
| Other employee benefits | $0 |
| Payroll taxes | $48,614 |
| Fees for services: Management | $886 |
| Fees for services: Legal | $36,614 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $505 |
| Office expenses | $21,415 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,516 |
| Travel | $16,105 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,402 |
| Interest | $6,806 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,396 |
| Insurance | $90,342 |
| All other expenses | $55,229 |
| Total functional expenses | $1,110,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,982 |
| Savings and temporary cash investments | $142,373 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,125 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | -$21,834 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,634 |
| Net Land, buildings, and equipment | $40,897 |
| Investments—publicly traded securities | $286,667 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $314 |
| Total assets | $1,059,158 |
| Accounts payable and accrued expenses | $123,322 |
| Grants payable | $0 |
| Deferred revenue | $43,602 |
| 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 | $174,621 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $341,545 |
| Net assets without donor restrictions | $717,613 |
| 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 | $1,059,158 |