Civic Intelligence

Welding Research Council Inc.

990 • Fiscal year 2018 • EIN 13-6167903

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

20600 Chagrin BlvdShaker Heights, OH 44122

(212) 591-7956

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.17x

Higher debt load relative to assets than 82% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

0.30x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

98th percentile

$96,728

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 58.1% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

75th percentile

24%

Faster asset growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

7th percentile

-61%

Faster revenue growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$293,725

Up $57,773 (+24%) from 2017

Net Assets

Up

$243,626

Up $54,305 (+29%) from 2017

Liabilities

Up

$50,099

Up $3,468 (+7.4%) from 2017

Revenue

Down

$166,538

Down $262,758 (-61%) from 2017

Expenses

Down

$112,233

Down $200,397 (-64%) from 2017

Net Income

Down

$54,305

Down $62,361 (-53%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $1,150,986Liabilities 2011: $237,873Net Assets 2011: $913,1132011Assets 2012: $754,793Liabilities 2012: $129,256Net Assets 2012: $625,5372012Assets 2013: $381,682Liabilities 2013: $173,066Net Assets 2013: $208,6162013Assets 2014: $274,005Liabilities 2014: $168,625Net Assets 2014: $105,3802014Assets 2015: $156,319Liabilities 2015: $91,409Net Assets 2015: $64,9102015Assets 2016: $123,961Liabilities 2016: $51,306Net Assets 2016: $72,6552016Assets 2017: $235,952Liabilities 2017: $46,631Net Assets 2017: $189,3212017Assets 2018: $293,725Liabilities 2018: $50,099Net Assets 2018: $243,6262018Assets 2019: $161,217Liabilities 2019: $58,209Net Assets 2019: $103,0082019Assets 2020: $236,377Liabilities 2020: $61,316Net Assets 2020: $175,0612020Assets 2021: $281,757Liabilities 2021: $65,213Net Assets 2021: $216,5442021Assets 2022: $295,764Liabilities 2022: $56,637Net Assets 2022: $239,1272022Assets 2023: $457,557Liabilities 2023: $101,065Net Assets 2023: $356,4922023Assets 2024: $89,594Liabilities 2024: $85,196Net Assets 2024: $4,3982024

Highlighted filing

2018

Assets$293,725
Liabilities$50,099
Net Assets$243,626

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $298,156Expenses 2011: $483,228Net Income 2011: -$185,0722011Expenses 2012: $591,2982012Revenue 2013: $248,717Expenses 2013: $692,723Net Income 2013: -$444,0062013Revenue 2014: $427,260Expenses 2014: $553,067Net Income 2014: -$125,8072014Revenue 2015: $400,276Expenses 2015: $443,286Net Income 2015: -$43,0102015Revenue 2016: $299,455Expenses 2016: $291,710Net Income 2016: $7,7452016Revenue 2017: $429,296Expenses 2017: $312,630Net Income 2017: $116,6662017Revenue 2018: $166,538Expenses 2018: $112,233Net Income 2018: $54,3052018Revenue 2019: $213,120Expenses 2019: $353,738Net Income 2019: -$140,6182019Revenue 2020: $190,522Expenses 2020: $118,469Net Income 2020: $72,0532020Revenue 2021: $184,097Expenses 2021: $173,999Net Income 2021: $10,0982021Revenue 2022: $114,881Expenses 2022: $92,297Net Income 2022: $22,5842022Revenue 2023: $224,007Expenses 2023: $106,642Net Income 2023: $117,3652023Revenue 2024: $81,227Expenses 2024: $433,321Net Income 2024: -$352,0942024

Highlighted filing

2018

Revenue$166,538
Expenses$112,233
Net Income$54,305
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$166,538
Mission and Program Overview

Mission

To aid in the research of projects containing welding and alliedmetals

To aid in the research of projects containing welding and allied metals

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$171,052$254,331▲ $83,279
Rtn Earn Endowment Incm Other Fnds$189,321$243,626▲ $54,305
Land, Buildings, and Equipment, Net$29,900$24,394▼ $5,506
Accounts Receivable$35,000$15,000▼ $20,000
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$235,952$293,725▲ $57,773
Liabilities
Accounts Payable and Accrued Expenses$46,631$50,099▲ $3,468
Total Liabilities$46,631$50,099▲ $3,468
Net Assets / Fund Balance
Total Net Assets Fund Balance$189,321$243,626▲ $54,305
Total Liabilities and Net Assets / Fund Balance$235,952$293,725▲ $57,773

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$24,394$8,131-
Equipment$0$10,474-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Martin PragerSecretaryFT$94,069$2,659$96,728

Board Members and Trustees

NameTitle
David OsageChairman of the Board
Gary SycksDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$15,000
Program Service Revenue
$151,289
Investment Income
$6
Other Revenue
$243
All Other Contributions
$15,000
Change in Net Assets
$54,305

Audited Revenue Reconciliation

Revenue per Audited Statements
$166,538
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$166,538
Total Revenue per Form 990
$166,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$60,308
Salaries, Compensation, and Employee Benefits$51,925
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$34,261$11,421-$45,682
Other Expenses$25,000--$25,000
Office Expenses$7,593$2,531-$10,124
Fees for Services Accounting$7,298$2,433-$9,731
Depreciation Depletion$6,098$2,033-$8,131
Payroll Taxes$2,688$896-$3,584
Occupancy$2,475$825-$3,300
Conferences and Meetings$2,326$776-$3,102
Pension Plan Contributions$1,900$634-$2,534
Fees for Services Legal$690$230-$920
Other Employee Benefits$94$31-$125
Total Functional Expenses$90,423$21,810$0$112,233

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$112,233
Total Expenses per Audited Statements$112,233
Total Expenses per Form 990$112,233
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board reviews the 990 and discusses any items that need changed prior to submission

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request

Filing and Contact Details

Filer

Filer Name
Welding Research Council Inc
EIN
13-6167903
Phone
2125917956
Address
20600 CHAGRIN BLVD, SHAKER HEIGHTS, OH 44122

Signing Officer

Name
David Osage
Title
President
Phone
2125917956
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Osage
Formed
1938
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
0

Preparer

Firm
Brady Ware & Schoenfeld Inc
Address
4249 EASTON WAY SUITE 100, COLUMBUS, OH 43219
Preparer
Samuel J Agresti Jr CPA
Phone
6148857407
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 13A

NY

Form 990, Part XII, Line 2C

The audit process has not changed from prior years.

Financial Statement Notes

PART X, LINE 2:

Wrc has evaluated the tax positions it has taken, or expects to take, in the course of preparing its tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Accounting principles generally accepted in the united states of america require the benefit arising from an uncertain tax position be recognized in the financial statements only when it is "more-likely-thannot" the position will be sustained upon examination, including resolution of any related appeals or litigation processes, based upon the technical merits and consideration of all available information. Once the recognition threshold is met, the portion of the tax benefit that is recorded represents the largest amount of the tax benefit that is greater than 50 percent likely to be realized upon settlement with a taxing authority. Based upon its review, management does not believe wrc has taken any significant uncertain tax positions, including any position that would place its exempt status in jeopardy as of june 30, 2018 and 2017. Wrc's 2016, 2015, and 2014 federal tax returns are subject to examination by the internal revenue service, generally for three years after their due date.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

ROUNDING

Raw XML Appendix372 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0166538
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WRC HAS EVALUATED THE TAX POSITIONS IT HAS TAKEN, OR EXPECTS TO TAKE, IN THE COURSE OF PREPARING ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE BENEFIT ARISING FROM AN UNCERTAIN TAX POSITION BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY WHEN IT IS "MORE-LIKELY-THANNOT" THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS AND CONSIDERATION OF ALL AVAILABLE INFORMATION. ONCE THE RECOGNITION THRESHOLD IS MET, THE PORTION OF THE TAX BENEFIT THAT IS RECORDED REPRESENTS THE LARGEST AMOUNT OF THE TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY TO BE REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY. BASED UPON ITS REVIEW, MANAGEMENT DOES NOT BELIEVE WRC HAS TAKEN ANY SIGNIFICANT UNCERTAIN TAX POSITIONS, INCLUDING ANY POSITION THAT WOULD PLACE ITS EXEMPT STATUS IN JEOPARDY AS OF JUNE 30, 2018 AND 2017. WRC'S 2016, 2015, AND 2014 FEDERAL TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEIR DUE DATE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024394
IRS990ScheduleD/TotalExpensesPerForm990Amt0112233
IRS990ScheduleD/TotalRevenuePerForm990Amt0166538
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0166538
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0112233
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE 990 AND DISCUSSES ANY ITEMS THAT NEED CHANGED PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AUDIT PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 13A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/StatesWhereCopyOfReturnIsFldCd1OH
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0235952
IRS990/TotalAssetsEOYAmt0293725
IRS990/TotalAssetsGrp/BOYAmt0235952
IRS990/TotalAssetsGrp/EOYAmt0293725
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt015000
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021810
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt090423
IRS990/TotalFunctionalExpensesGrp/TotalAmt0112233
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt046631
IRS990/TotalLiabilitiesEOYAmt050099
IRS990/TotalLiabilitiesGrp/BOYAmt046631
IRS990/TotalLiabilitiesGrp/EOYAmt050099
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0189321
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0243626
IRS990/TotalOtherCompensationAmt02659
IRS990/TotalProgramServiceExpensesAmt090423
IRS990/TotalProgramServiceRevenueAmt0151289
IRS990/TotalReportableCompFromOrgAmt094069
IRS990/TotalRevenueGrp/ExclusionAmt0249
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0151289
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0166538
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0235952
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0293725
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt020600 CHAGRIN BLVD
IRS990/USAddress/CityNm0SHAKER HEIGHTS
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044122
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.FORENGINEERS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID OSAGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02125917956
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WELDING RESEARCH COUNCIL INC
ReturnHeader/Filer/BusinessNameControlTxt0WELD
ReturnHeader/Filer/EIN0136167903
ReturnHeader/Filer/PhoneNum02125917956
ReturnHeader/Filer/USAddress/AddressLine1Txt020600 CHAGRIN BLVD
ReturnHeader/Filer/USAddress/CityNm0SHAKER HEIGHTS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044122
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E229CD9B282782AD548762838A8F5FAFCCA0F510
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0479460A0B7D280FDB8C03C7D520BD36878328611
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.141.187.4
ReturnHeader/FilingSecurityInformation/IPDt02019-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm012:32:43
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351476702
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRADY WARE & SCHOENFELD INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04249 EASTON WAY SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd043219
ReturnHeader/PreparerPersonGrp/PhoneNum06148857407
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAMUEL J AGRESTI JR CPA
ReturnHeader/ReturnTs02019-05-15T09:07:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.00$0.08$0.43$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.10$0.36$0.22$0.11$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.06$0.24$0.11$0.09$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.07$0.22$0.18$0.17$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.06$0.18$0.19$0.12$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.06$0.10$0.21$0.35$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.29$0.05$0.24$0.17$0.11$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.05$0.19$0.43$0.31$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.12$0.05$0.07$0.30$0.29$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.16$0.09$0.06$0.40$0.44$0.04
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.17$0.11$0.43$0.55$0.13
2013Summary only. Only limited summary data is available for this year.$0.38$0.17$0.21$0.25$0.69$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.13$0.63$0.59
2011Summary only. Only limited summary data is available for this year.$1.15$0.24$0.91$0.30$0.48$0.19