Sti-Spfa

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Address common industry issues

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-2071725) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$439K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $202K a year · 9% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$439K
to officers and key staff · 18% of spending
Pay to officers and key staff is 18% of spending.
Part VII, Section A
7.4 mo
of spending, in cash
Plus $2.3M in investments, Pt X · Ln 11–13
7.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.0M
19% of total assets
Liabilities are 19% of assets.
Pt X · Ln 26
Independent board members
12
of 13 voting members
12 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.7M
+12% vs prior year
Spent
$2.4M
Net assets
$4.4M
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.3M
FY2022$2.3M
FY2023$2.4M
FY2024$2.7M
Expenses
$2.4M
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.1M
FY2022$2.0M
FY2023$2.2M
FY2024$2.4M
Net assets
$4.4M
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$3.6M
FY2022$3.5M
FY2023$4.0M
FY2024$4.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1963.

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

Who runs it and what they're paid

14 people listed on the 990; $439K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive VP/Secretary
$176,716Pt VII · Sec A
Controller
$155,522Pt VII · Sec A
Standards Engineer
$107,020Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Wayne Geyer———$58,646$191,354
Timothy O'Toole$176,716$170,140$162,375$159,302$101,005
David Reed$155,522$149,382$144,402$140,466$142,535
Joseph Mentzer$107,020$104,914$101,274—$103,123

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.

See Sti-Spfa executive salaries →

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 15aNo

Programs and updates

Sti-Spfa is a business league or trade association based in Lake Zurich, IL.

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3 programs · in their own filed words · FY2024
01

To consider and deal with common problems of management and financial functions of the industry; to secure cooperative action and to promote economy and efficciency.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-2071725) · Dispute this line
Pt IX · Ln 25 · col B
02

Inspection and management of sti p3 in-ground storage tanks, composite tanks, fireguard tanks, tanks using the permatank process and other above ground tanks.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-2071725) · Dispute this line
Pt IX · Ln 25 · col B
03

Seminars and meetings are designed to keep members abreast of new developments in the industry as well as the direction of industry's future.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-2071725) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$273K
Other incomeLn 4–11$157K
Money outPt IX
$2.4M
Ln 25
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$5.4M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a13
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$273K
Other incomeLn 4–11$157K
Gains on assetsLn 7$152K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.5M
Accounts receivableLn 4$688K
Inventories for sale or useLn 8$97K
Prepaid expenses and deferred chargesLn 9$85K
Land, buildings, equipmentLn 10c$790K
InvestmentsLn 11–13$2.3M
Total assetsLn 16$5.4M
LiabilitiesLn 26$1.0M
Net assetsLn 32$4.4M
OperationsPt I, VI
EmployeesI 514
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$1.5M$1.5M
InvestmentsLn 11–13$1.9M$2.3M
Land, buildings, equipmentLn 10c$643K$790K
Total assetsLn 16$4.9M$5.4M
LiabilitiesLn 26$917K$1.0M
Net assetsLn 32$4.0M$4.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$198K
Other salaries and wagesLn 7$800K
Pension plan contributionsLn 8$37K
Other employee benefitsLn 9$160K
Payroll taxesLn 10$94K
Legal feesLn 11b$20K
Accounting feesLn 11c$14K
Investment management feesLn 11f$13K
Advertising and promotionLn 12$20K
Office expensesLn 13$19K
Information technologyLn 14$118K
OccupancyLn 16$34K
TravelLn 17$191K
Conferences, conventions and meetingsLn 19$8K
Depreciation, depletion and amortizationLn 22$45K
InsuranceLn 23$62K
Other expenses (24a–d)Ln 24$388K
All other expensesLn 24e$183K
Total functional expensesLn 25$2.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 16, 2025 $2.7M$2.4M$302K$4.4M 990 PDF
FY2023Filed with the IRS Oct 24, 2024 $2.4M$2.2M$192K$4.0M 990 PDF
FY2022Filed with the IRS Oct 27, 2023 $2.3M$2.0M$336K$3.5M 990 PDF
FY2021Filed with the IRS Nov 3, 2022 $2.3M$2.1M$258K$3.6M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $2.0M$2.1M−$78K$3.4M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $2,703,306 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $47,700$47,700
I-9 Program service revenuePrior year $2,178,553$2,225,365
I-10 Investment incomePrior year $100,367$272,973
I-11 Other revenuePrior year $78,953$157,268
I-12 Total revenuePrior year $2,405,573$2,703,306
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,284,697$1,288,916
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $928,838$1,112,666
I-18 Total expensesPrior year $2,213,535$2,401,582
I-19 Revenue less expensesPrior year $192,038$301,724
Part VI · Governance 12 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,703,306 across 7 lines filed
VIII-1f All other contributions, gifts and grants$47,700
VIII-1h Total contributions, gifts and grants$47,700
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,225,365$2,225,365
VIII-3 Investment incomeExcluded from tax $120,474$120,474
VIII-7 Net gain or loss on sales of assetsExcluded from tax $152,499$152,499
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $157,268$157,268
VIII-12 Total revenueRelated to mission $2,382,633 · Unrelated business $0 · Excluded from tax $272,973$2,703,306
Part IX · Statement of functional expenses $2,401,582 across 18 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$197,776
IX-7 Other salaries and wages$800,367
IX-8 Pension plan contributions$37,187
IX-9 Other employee benefits$159,763
IX-10 Payroll taxes$93,823
IX-11b Legal fees$19,843
IX-11c Accounting fees$13,750
IX-11f Investment management fees$12,710
IX-12 Advertising and promotion$19,502
IX-13 Office expenses$18,845
IX-14 Information technology$118,169
IX-16 Occupancy$33,533
IX-17 Travel$190,802
IX-19 Conferences, conventions and meetings$7,732
IX-22 Depreciation, depletion and amortization$45,366
IX-23 Insurance$62,297
IX-24 Other expenses (24a–d)$387,537
IX-24e All other expenses$182,580
IX-25 Total functional expenses$2,401,582
Part X · Balance sheet $5,409,020 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $65,618$35,095
X-2 Savings and temporary cash investmentsStart of year $1,466,038$1,443,508
X-4 Accounts receivableStart of year $510,070$688,401
X-8 Inventories for sale or useStart of year $63,692$97,128
X-9 Prepaid expenses and deferred chargesStart of year $238,938$84,752
X-10c Land, buildings and equipment, netStart of year $642,988$789,822
X-11 Publicly traded securitiesStart of year $1,889,939$2,270,314
X-16 Total assetsStart of year $4,877,283$5,409,020
X-17 Accounts payable and accrued expensesStart of year $168,003$219,111
X-19 Deferred revenueStart of year $748,652$829,975
X-26 Total liabilitiesStart of year $916,655$1,049,086
X-27 Net assets without donor restrictionsStart of year $3,960,628$4,359,934
X-32 Total net assets or fund balancesStart of year $3,960,628$4,359,934
X-33 Total liabilities and net assetsStart of year $4,877,283$5,409,020
Part XI · Reconciliation of net assets $4,359,934 net assets at year end
XI-1 Total revenue$2,703,306
XI-2 Total expenses$2,401,582
XI-3 Revenue less expenses$301,724
XI-4 Net assets at start of year$3,960,628
XI-5 Net unrealized gains (losses) on investments$97,582
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,359,934

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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