Wsia Diversity Foundation
- Assets
- $2.6m
- Revenue
- $291.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- Data as of
- 12/2022
- EIN
- 85-3686906
Organization Overview
Wsia Diversity Foundation is located in Kansas City, MO. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wsia Diversity Foundation 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 12/2022, Wsia Diversity Foundation generated $291.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (38.9%) each year. All expenses for the organization totaled $350.7k during the year ending 12/2022. 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
THE WSIA DIVERSITY FOUNDATION IS A CHARITABLE ORGANIZATION WHOSE PURPOSE IS TO PROMOTE DIVERSITY IN THE AREAS OF RACE, GENDER, SEXUAL ORIENTATION AND DISABILITY AND TO INFLUENCE MEANINGFUL PROGRESS IN THE DIVERSITY OF THE WHOLESALE, SPECIALTY AND SURPLUS LINES INSURANCE INDUSTRY AND ITS TALENT PIPELINE. THE FOUNDATION STRIVES TO (1) PROMOTE DIVERSITY AND INCLUSION WITH THE LARGER, UNIFIED VOICE OF THE ENTIRE INSURANCE INDUSTRY, (2) FOCUS ENERGY AND PURPOSE TO INFLUENCE MEANINGFUL PROGRESS IN THE DIVERSITY OF THE INSURANCE INDUSTRY AND ITS TALENT PIPELINE, (3) COORDINATE PROGRAMS TO PROMOTE DIVERSITY, DEVELOP INCLUSIVE WORKPLACE CULTURES, AND ATTRACT DIVERSE TALENT TO THE INSURANCE INDUSTRY, AND (4) FOSTER SYNERGY AMONG THE DIVERSITY PROGRAMS AND INITIATIVES OF A LARGE NUMBER OF INDUSTRY PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OWSIA DIVERSITY FOUNDATION WAS ORGANIZED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF WHOLESALE & SPECIALTY INSURANCE ASSOCIATION. WSIA DIVERSITY FOUNDATION INITIATIVES AND PARTNERSHIPS INCLUDE:- INVESTMENTS IN THE DEVELOPMENT OF RISK MANAGEMENT AND INSURANCE (RMI) PROGRAMS AT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES- COLLABORATION WITH OTHER INDUSTRY TRADE AND PROFESSIONAL ASSOCIATIONS TO PARTNER, WHERE POSSIBLE, TOWARD CONSISTENT DIVERSITY, EQUITY AND INCLUSIVITY GOALS- ANNUAL SUMMER INTERNSHIP PROGRAM- ANNUAL ACADEMIC SCHOLARSHIPS- GRANTS TO EXISTING COLLEGE/UNIVERSITY RISK MANAGEMENT AND INSURANCE PROGRAMS ADVANCING OUR DIVERSITY GOALS- STUDENT SYMPOSIUMS- SUPPORT OF GAMMA IOTA SIGMA (GIS) AND FOCUS ON A MORE DIVERSE TALENT PIPELINE FOR THE INDUSTRY - SUPPORT OF THE GLOBAL DIVE IN FESTIVAL, A GLOBAL MOVEMENT IN THE INSURANCE SECTOR TO SUPPORT THE DEVELOPMENT OF INCLUSIVE WORKPLACE CULTURES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlton Maner Chair | Trustee | 2 | $0 |
Brenda Austenfeld Director | Trustee | 1 | $0 |
Cary Bond Director | Trustee | 1 | $0 |
Tony Chimera Director | Trustee | 1 | $0 |
Thurston Davis Jr Director | Trustee | 1 | $0 |
Gerald Dupre Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $291,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,515 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $291,515 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| Grants and other assistance to domestic individuals. | $25,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,068 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,880 |
| Office expenses | $2,153 |
| 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 | $3,896 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,323 |
| All other expenses | $155 |
| Total functional expenses | $350,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $562,105 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,655,000 |
| Accounts receivable, net | $0 |
| 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 | $387,263 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,604,368 |
| Accounts payable and accrued expenses | $77,134 |
| 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 | $5,920 |
| Other liabilities | $0 |
| Total liabilities | $83,054 |
| Net assets without donor restrictions | $0 |
| 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 | $2,521,314 |
| Total liabilities and net assets/fund balances | $2,604,368 |