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Sti-Spfa FY2020 filing

Not tax-deductible

Lake Zurich, IL501(c)(6)Mutual / membership EIN 36-2071725Revenue $2.0M in FY2020Latest return filed Sep 16, 2025

On file with the IRSsteeltank.comLake Zurich, ILTax-exempt since Jun 1963

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Address common industry issues

Form 990 Part I, line 1, FY2020. 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.
$538K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · 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
$538K
to officers and key staff · 26% of spending
Pay to officers and key staff is 26% of spending.
Part VII, Section A
Cash reserves
6.2 mo
of spending, in cash
Plus $1.5M in investments, Pt X · Ln 11–13
6.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$179K
5% of total assets
Liabilities are 5% of assets.
Pt X · Ln 26
Independent board members
11
of 12 voting members
11 of 12 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$2.0M
Spent
$2.1M
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$2.0M
FY2020
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
$2.1M
FY2020
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
$3.4M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

15 people listed on the 990; $538K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Wayne Geyer
Executive VP/Secretary
$191,354Pt VII · Sec A
David Reed
Controller
$142,535Pt VII · Sec A
$103,123Pt VII · Sec A
Timothy O'Toole
Employee/Officer 2021
$101,005Pt VII · Sec A
Coby Hayes
Director
$0Pt VII · Sec A
Bill Kennedy
Treasurer
$0Pt VII · Sec A
Pat Rezin
Director
$0Pt VII · Sec A
Steve Fort
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 · FY2020
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, FY2020. 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, FY2020. 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, FY2020. 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 FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.8M
Other incomeLn 4–11$111K
Investment incomeLn 3$92K
Money outPt IX
$2.1M
Ln 25
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$3.5M
LiabilitiesLn 26$179K
PeoplePt VI, VII
15
listed · VII A
PaidVII A4
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$92K
Other incomeLn 4–11$111K
Gains on assetsLn 7$24K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
Accounts receivableLn 4$150K
Inventories for sale or useLn 8$49K
Prepaid expenses and deferred chargesLn 9$20K
Land, buildings, equipmentLn 10c$721K
InvestmentsLn 11–13$1.5M
Other assetsLn 15$22K
Total assetsLn 16$3.5M
LiabilitiesLn 26$179K
Net assetsLn 32$3.4M
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 FY20End FY20
Cash and savingsLn 1–2$1.0M$1.1M
InvestmentsLn 11–13$1.4M$1.5M
Land, buildings, equipmentLn 10c$749K$721K
Total assetsLn 16$3.5M$3.5M
LiabilitiesLn 26$268K$179K
Net assetsLn 32$3.2M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$216K
Other salaries and wagesLn 7$877K
Pension plan contributionsLn 8$13K
Other employee benefitsLn 9$116K
Payroll taxesLn 10$80K
Legal feesLn 11b$39K
Accounting feesLn 11c$18K
Investment management feesLn 11f$10K
Other fees for servicesLn 11g$9K
Advertising and promotionLn 12$29K
Office expensesLn 13$20K
Information technologyLn 14$14K
OccupancyLn 16$32K
TravelLn 17$128K
Conferences, conventions and meetingsLn 19$23K
Depreciation, depletion and amortizationLn 22$47K
InsuranceLn 23$59K
Other expenses (24a–d)Ln 24$254K
All other expensesLn 24e$105K
Total functional expensesLn 25$2.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2020 ViewingFiled 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 FY2020 990
Part I · Summary $2,008,675 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $92,700$47,700
I-9 Program service revenuePrior year $2,377,680$1,757,798
I-10 Investment incomePrior year $66,332$92,267
I-11 Other revenuePrior year $167,094$110,910
I-12 Total revenuePrior year $2,703,806$2,008,675
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 $1,241,138$1,300,895
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,508,037$785,958
I-18 Total expensesPrior year $2,749,175$2,086,853
I-19 Revenue less expensesPrior year −$45,369−$78,178
Part VI · Governance 11 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
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 $2,008,675 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 $1,757,798$1,757,798
VIII-3 Investment incomeExcluded from tax $68,297$68,297
VIII-7 Net gain or loss on sales of assetsExcluded from tax $23,970$23,970
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $110,910$110,910
VIII-12 Total revenueRelated to mission $1,868,708 · Unrelated business $0 · Excluded from tax $92,267$2,008,675
Part IX · Statement of functional expenses $2,086,853 across 19 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$215,638
IX-7 Other salaries and wages$876,645
IX-8 Pension plan contributions$12,591
IX-9 Other employee benefits$115,820
IX-10 Payroll taxes$80,201
IX-11b Legal fees$39,112
IX-11c Accounting fees$17,500
IX-11f Investment management fees$9,642
IX-11g Other fees for services$8,949
IX-12 Advertising and promotion$28,809
IX-13 Office expenses$19,826
IX-14 Information technology$13,924
IX-16 Occupancy$32,364
IX-17 Travel$128,028
IX-19 Conferences, conventions and meetings$22,710
IX-22 Depreciation, depletion and amortization$46,781
IX-23 Insurance$59,014
IX-24 Other expenses (24a–d)$254,037
IX-24e All other expenses$105,262
IX-25 Total functional expenses$2,086,853
Part X · Balance sheet $3,534,121 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $6,597$1,078
X-2 Savings and temporary cash investmentsStart of year $1,039,204$1,076,074
X-4 Accounts receivableStart of year $173,132$150,058
X-8 Inventories for sale or useStart of year $49,769$48,526
X-9 Prepaid expenses and deferred chargesStart of year $32,139$20,063
X-10c Land, buildings and equipment, netStart of year $748,524$721,337
X-11 Publicly traded securitiesStart of year $1,428,132$1,494,815
X-15 Other assetsStart of year $21,983$22,170
X-16 Total assetsStart of year $3,499,480$3,534,121
X-17 Accounts payable and accrued expensesStart of year $143,880$141,042
X-19 Deferred revenueStart of year $43,857$37,760
X-25 Other liabilitiesStart of year $80,000$0
X-26 Total liabilitiesStart of year $267,737$178,802
X-27 Net assets without donor restrictionsStart of year $3,231,743$3,355,319
X-32 Total net assets or fund balancesStart of year $3,231,743$3,355,319
X-33 Total liabilities and net assetsStart of year $3,499,480$3,534,121
Part XI · Reconciliation of net assets $3,355,319 net assets at year end
XI-1 Total revenue$2,008,675
XI-2 Total expenses$2,086,853
XI-3 Revenue less expenses−$78,178
XI-4 Net assets at start of year$3,231,743
XI-5 Net unrealized gains (losses) on investments$201,754
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,355,319

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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