Spri INC EIN 36-3169484 Form 990 (PDF) Claim this org

Spri INC

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Promotes member products and services by sharing and developing technical and marketing information. For fiscal year 2025 it reported $1.1M in revenue, $1.2M in expenses, and $177K in net assets.Pt I

Founded
1996
Type
Business league / trade association · Nonprofit
Location
Waltham, MA
Website
www.spri.org
Filings
5 on file (2021–2025)
Revenue
$1.1MFY2025
Expenses
$1.2M
Net assets
$177K
People
26
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-3169484 Business league / trade association Waltham, MA Founded 1996
Form 990 (PDF)
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Size
$1–10M
What they do
Promotes member products and services by sharing and developing technical and marketing information.
Leadership
Scott Carpenter · Immediate Past President
Money in and out
$1.1M revenue, $1.2M expenses
Bottom line
-11% operating surplus
Membership & operating revenue · FY2025
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$177K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$124K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Operating surplus
-11%
revenue over expenses▼ -804% vs prior filing year
Earned revenue
97%
of revenue from program services & dues▼ -1% vs prior filing year
Program spending
85%
of expenses reach member services▼ -2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.1M
FY2025▲ +2%
Expenses
$1.2M
FY2025▲ +16%
Total assets
$947K
FY2025▲ +23%
Total liabilities
$770K
FY2025▲ +47%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$177K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$124K
Total assetsPt X · Ln 16$947K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 326
Independent voting membersPt I · Ln 426

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSpri INC
EINHdr · item D36-3169484
Principal addressHdr · item CWaltham, MA
WebsiteHdr · item Jwww.spri.org
Year of formationHdr · item L1996
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a26
Independent voting membersPt VI · Ln 1b26
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Immediate Past President
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $1.0M of program spending, described in the organization's own filed words · FY2025.
01

Research and development related to the industry to provide members with information regarding various technical activities.

$398Kprogram expense
02

Conferences, conventions and meetings which provide the opportunity for all members of the industry to gather and discuss issues, problems, etc.

$368Kprogram expense
03

Educational programs which provide new ideas, updates and exchange of information within the field. Reports related to the industry which provide information to members so that they may monitor product usage by generic type.

$263Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$1.1M · 97%
Investment income$20K · 2%
Other revenue$11K · 1%
Program service revenue97%$1.1M
Investment income2%$20K
Other revenue1%$11K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$1.0M
Management & general15%$176K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$699K
Total assetsLn 16$947K
Total liabilitiesLn 26$770K
Total net assetsLn 32$177K
Months of cash on handcomputed7.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $699K · Operating expenses/yr $1.2M
7.0 months
Where the money goes
Program services
Program services $1.0M · Total expenses $1.2M
85%
Management & General
Management & general $176K · Total expenses $1.2M
15%
Fundraising
Fundraising $0 · Total expenses $1.2M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $1.1M
0%
Government reliance
Government grants — · Total revenue $1.1M
Earned-income share
Program service revenue $1.1M · Total revenue $1.1M
97%
Investment reliance
Investment income $20K · Total revenue $1.1M
+2%
Program self-sufficiency
Program service revenue $1.1M · Total expenses $1.2M
87%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $1.1M
+2%
Revenue CAGR
FY2020 $652K · FY2025 $1.1M
+11%
Net-asset trend (YoY)
End of year $177K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $1.2M
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $947K
Net-asset ratio
Net assets $177K · Total assets $947K
19%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $947K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Scott Carpenter · Reported title IMMEDIATE PAST PRESIDENT · Highest reported compensation $0 · Total expenses $1.2M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.2M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Revenue growth 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$20K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025$1.1M revenue · ⤓ 990 PDF
FY2024$981K revenue · ⤓ 990 PDF
FY2023$885K revenue · ⤓ 990 PDF
FY2022$851K revenue · ⤓ 990 PDF
FY2021$652K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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