Electronic Security Association INC FY2021 filing

Not tax-deductible

Dallas, TX501(c)(6)EIN 23-7162523

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To represent, support, and promote the Electronic Security systems industry.

$872K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $374K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$872K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.2M
65% of total assets
Fine: liabilities are 65% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
+45% vs prior year
Spent
$4.0M
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$4.0M
FY2021▲ +45%
Revenue by fiscal year
FY2020$2.8M
FY2021$4.0M
FY2022$4.9M
FY2023$4.9M
FY2024$5.2M
Expenses
$4.0M
FY2021▲ +37%
Expenses by fiscal year
FY2020$2.9M
FY2021$4.0M
FY2022$4.1M
FY2023$4.5M
FY2024$4.5M
Net assets
$1.2M
FY2021▼ -6%
Net assets by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$1.8M
FY2023$2.1M
FY2024$3.5M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

22 people listed on the 990; $872K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director (ceo)
$238,554Pt VII · Sec A
Chief Knowledge Officer
$146,772Pt VII · Sec A
Chief Development Officer
$142,391Pt VII · Sec A
Chief Financial Officer
$122,511Pt VII · Sec A
VP Business Development
$120,465Pt VII · Sec A
VP Advocacy & Public Affairs
$101,023Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Merlin Guilbeau$241,804$241,164$225,590$238,554$211,887
Jillian Bateman$196,323$170,701$140,596$142,391$115,590
Jessica Pereira$106,292$161,499$170,593$120,465—
Michelle Yungblut—$160,372$141,194$146,772$129,834
Susan Edgley$129,562$113,863$34,893——
Tom Sanders——$87,142$122,511$113,532
Jake Braunger$117,710$109,274———
Joel Heaton———$101,023—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for, supports, and promotes the electronic security systems industry.

Provided by the organization

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3 program services, described in the organization's own filed words · FY2021.
01

Government Advocacy and Industry Affairs

The association provides information to members on industry wide issues, and represents and speaks on behalf of members within the industry and to external audiences

Pt IX · col B
02

Membership Services

The membership program of esa provides members tools and resources, opportunities to network, exchange ideas and best practices, gain brand exposure, and leverage purchasing power.

Pt IX · col B
03

Training

Esa training and education provides the electronic and life safety industry with technical, management, sales and business training as well as certifications.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 11 grants · $268K · 2020–2024
Unitemized GrantFY2024$17,000
Unitemized GrantFY2022$17,000
Unitemized GrantFY2021$18,500
Unitemized GrantFY2020$11,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Fees for servicesLn 2g$3.6M
Gifts and grantsLn 1h$377K
Investment incomeLn 3$56K
Money outPt IX
$4.0M
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$860K
Total assetsLn 16$3.4M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
22
listed · VII A
PaidVII A6
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$377K
Government grantsLn 1e$377K
Fees for servicesLn 2g$3.6M
Investment incomeLn 3$56K
Other incomeLn 4–11$18K
Gains on assetsLn 7$38K
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$433K
SavingsLn 2$427K
Cash and savings togetherLn 1–2$860K
InvestmentsLn 11–13$1.8M
Land, buildings, equipmentLn 10c$128K
Other assetsLn 15$12K
Total assetsLn 16$3.4M
LiabilitiesLn 26$2.2M
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 528
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$563K$860K
InvestmentsLn 11–13$1.6M$1.8M
Land, buildings, equipmentLn 10c$121K$128K
Total assetsLn 16$2.6M$3.4M
LiabilitiesLn 26$1.3M$2.2M
Net assetsLn 32$1.3M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$26K
Grants to domestic individualsLn 2$18K
Pay of current officers, directors and key staffLn 5$419K
Other salaries and wagesLn 7$1.4M
Pension plan contributionsLn 8$31K
Other employee benefitsLn 9$83K
Payroll taxesLn 10$143K
Legal feesLn 11b$35K
Accounting feesLn 11c$13K
Investment management feesLn 11f$7K
Other fees for servicesLn 11g$184K
Advertising and promotionLn 12$46K
Office expensesLn 13$112K
Information technologyLn 14$267K
OccupancyLn 16$120K
TravelLn 17$39K
Conferences, conventions and meetingsLn 19$182K
InterestLn 20$4K
Depreciation, depletion and amortizationLn 22$21K
InsuranceLn 23$21K
Other expenses (24a–d)Ln 24$685K
All other expensesLn 24e$70K
Total functional expensesLn 25$4.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.2M$4.5M$738K$3.5M 990 PDF
FY2023 $4.9M$4.5M$333K$2.1M 990 PDF
FY2022 $4.9M$4.1M$807K$1.8M 990 PDF
FY2021 Viewing $4.0M$4.0M$83K$1.2M 990 PDF
FY2020 $2.8M$2.9M−$91K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $4,044,772 across 8 lines filed
VIII-1e Government grants$376,522
VIII-1h Total contributions, gifts and grants$376,522
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,348,343 · Unrelated business $245,659$3,594,002
VIII-3 Investment incomeExcluded from tax $18,215$18,215
VIII-5 RoyaltiesUnrelated business $1,200$1,200
VIII-7 Net gain or loss on sales of assetsExcluded from tax $38,123$38,123
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $16,710$16,710
VIII-12 Total revenueRelated to mission $3,348,343 · Unrelated business $246,859 · Excluded from tax $73,048$4,044,772
Part IX · Statement of functional expenses $3,961,972 across 22 lines filed
IX-1 Grants to domestic organizations$25,500
IX-2 Grants to domestic individuals$18,500
IX-5 Pay of current officers, directors and key staff$418,523
IX-7 Other salaries and wages$1,435,266
IX-8 Pension plan contributions$30,591
IX-9 Other employee benefits$83,429
IX-10 Payroll taxes$143,190
IX-11b Legal fees$35,217
IX-11c Accounting fees$13,435
IX-11f Investment management fees$7,184
IX-11g Other fees for services$184,319
IX-12 Advertising and promotion$45,503
IX-13 Office expenses$112,458
IX-14 Information technology$266,563
IX-16 Occupancy$119,832
IX-17 Travel$39,087
IX-19 Conferences, conventions and meetings$182,324
IX-20 Interest$4,409
IX-22 Depreciation, depletion and amortization$20,566
IX-23 Insurance$21,304
IX-24 Other expenses (24a–d)$684,879
IX-24e All other expenses$69,893
IX-25 Total functional expenses$3,961,972
Part X · Balance sheet $3,401,661 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $421,876$433,442
X-2 Savings and temporary cash investmentsStart of year $140,954$426,674
X-4 Accounts receivableStart of year $239,654$490,210
X-8 Inventories for sale or useStart of year $9,121$17,290
X-9 Prepaid expenses and deferred chargesStart of year $51,050$112,451
X-10c Land, buildings and equipment, netStart of year $121,173$127,701
X-11 Publicly traded securitiesStart of year $632,504$763,540
X-12 Other securitiesStart of year $930,905$1,018,095
X-15 Other assetsStart of year $27,858$12,258
X-16 Total assetsStart of year $2,575,095$3,401,661
X-17 Accounts payable and accrued expensesStart of year $286,812$408,175
X-19 Deferred revenueStart of year $865,753$1,276,766
X-26 Total liabilitiesStart of year $1,306,225$2,212,431
X-27 Net assets without donor restrictionsStart of year $1,268,870$1,189,230
X-32 Total net assets or fund balancesStart of year $1,268,870$1,189,230
X-33 Total liabilities and net assetsStart of year $2,575,095$3,401,661
Part XI · Reconciliation of net assets $1,189,230 net assets at year end
XI-1 Total revenue$4,044,772
XI-2 Total expenses$3,961,972
XI-3 Revenue less expenses$82,800
XI-4 Net assets at start of year$1,268,870
XI-5 Net unrealized gains (losses) on investments$11,855
XI-9 Other changes in net assets−$174,295
XI-10 Net assets at end of year$1,189,230

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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