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Nonprofit · EIN 23-7315360

INDUSTRY DEVELOPMENT FUND

Tax-exempt · OMAHA, NE 68127

Financials

$1.4M$948K2023$1.4M$993K2024$1.6M$1.1M2025
Revenue Expenses · by fiscal year end
Financials of INDUSTRY DEVELOPMENT FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,567,343$1,108,090$459,253$3,846,506$435,892$3,410,614
December 31, 2024990$1,435,266$993,364$441,902$3,215,738$268,846$2,946,892
December 31, 2023990$1,415,269$947,698$467,571$2,862,357$357,367$2,504,990
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,409,091
Investment income
$158,252
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$85,017
Other salaries and wages
$44,490
Salaries, compensation and benefits (total)
$138,894
Professional fundraising fees
$0
Accounting fees
$14,956
Occupancy
$12,167
Program services (functional)
$623,638
Management and general (functional)
$484,452

Balance sheet and other

Total assets, start of year
$3,215,738
Total assets, end of year
$3,846,506
Total liabilities, end of year
$435,892
Net assets, end of year
$3,410,614
Publicly traded securities
$1,013,398
Net assets without donor restrictions
$3,410,614
Gross receipts
$1,567,343
Employees
2
Volunteers
0
Year formed
1970
State of legal domicile
NE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
KELSEY JOHNSONEXECUTIVE DIRECTOR
Officer
40$77,532$7,485
STEVE BENATRUSTEE
Trustee or director
1$0$0
ALEX JAMBORTRUSTEE
Trustee or director
1$0$0
JOHN HILLEBRANDTTRUSTEE
Trustee or director
1$0$0
RON BRASELTRUSTEE
Trustee or director
1$0$0
MIKE BARNESTRUSTEE
Trustee or director
1$0$0
CHAD WESTPHALENTRUSTEE
Trustee or director
1$0$0
DENNIS EDENTRUSTEE
Trustee or director
1$0$0
BRIAN PRINCETRUSTEE
Trustee or director
1$0$0
JEFF BARNESTRUSTEE
Trustee or director
1$0$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensationOther / benefits
KELSEY JOHNSONEXECUTIVE DIRECTOR
Officer
40$80,459$7,129
STEVE BENATRUSTEE
Trustee or director
1$0$0
ALEX JAMBORTRUSTEE
Trustee or director
1$0$0
JOHN HILLEBRANDTTRUSTEE
Trustee or director
1$0$0
RON BRASELTRUSTEE
Trustee or director
1$0$0
MIKE BARNESTRUSTEE
Trustee or director
1$0$0
CHAD WESTPHALENTRUSTEE
Trustee or director
1$0$0
DENNIS EDENTRUSTEE
Trustee or director
1$0$0
BRIAN PRINCETRUSTEE
Trustee or director
1$0$0
JEFF BARNESTRUSTEE
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
KELSEY JOHNSONEXECUTIVE DIRECTOR
Officer
40$77,195$3,900
STEVE BENATRUSTEE
Trustee or director
1$0$0
ALEX JAMBORTRUSTEE
Trustee or director
1$0$0
JOHN HILLEBRANDTTRUSTEE
Trustee or director
1$0$0
RON BRASELTRUSTEE
Trustee or director
1$0$0
TOM MCNEILTRUSTEE
Trustee or director
1$0$0
CHAD WESTPHALENTRUSTEE
Trustee or director
1$0$0
DENNIS EDENTRUSTEE
Trustee or director
1$0$0
BRIAN PRINCETRUSTEE
Trustee or director
1$0$0
JEFF BARNESTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
7561 MAIN ST STE 408, OMAHA, NE 68127-3933
Principal officer (990 for 2025)
KELSEY JOHNSON, 7561 MAIN STREET SUITE 408, OMAHA, NE 68172
Signed the 990
KELSEY JOHNSON, EXECUTIVE DIRECTOR
Phone
(402) 592-3330
Return prepared by
HAYES & ASSOCIATES LLC

Mission

TO PROMOTE THE MECHANICAL CONTRACTING INDUSTRY.

990 for the year ended December 31, 2025

Program accomplishments

  • THE SERVICES AND ACTIVITIES PROVIDED BY THE INDUSTRY DEVELOPMENT FUND INCLUDE CONVENTIONS, LABOR RELATIONS, PUBLIC RELATIONS, MEMBERSHIP MEETINGS AND PROGRAM COMMITTEE MEETINGS.
    Expenses $623,638

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7315360
Tax-exempt status
501(c)(5): Labor, agricultural or horticultural organization
Donations deductible
No
Exempt since
1974
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,846,506
Income (IRS master file)
$1,567,343

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,567,343$1,108,090$3,846,506XML
990December 2024$1,435,266$993,364$3,215,738XML
990December 2023$1,415,269$947,698$2,862,357XML
990December 2022$1,179,329$873,473$2,353,567IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7315360).

Questions about INDUSTRY DEVELOPMENT FUND

What is the EIN of INDUSTRY DEVELOPMENT FUND?
The employer identification number (EIN) of INDUSTRY DEVELOPMENT FUND is 23-7315360.
Is INDUSTRY DEVELOPMENT FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1974.
Are donations to INDUSTRY DEVELOPMENT FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does INDUSTRY DEVELOPMENT FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INDUSTRY DEVELOPMENT FUND due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INDUSTRY DEVELOPMENT FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of INDUSTRY DEVELOPMENT FUND?
The 990 for the year ended December 31, 2025 names KELSEY JOHNSON.
Who are the officers and directors of INDUSTRY DEVELOPMENT FUND?
The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $77,532 (KELSEY JOHNSON, EXECUTIVE DIRECTOR).
How much revenue does INDUSTRY DEVELOPMENT FUND have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,567,343, expenses of $1,108,090 and total assets of $3,846,506 at year end.

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