Spri INC FY2022 filing

Not tax-deductible

Waltham, MA501(c)(6)Since 1996EIN 36-3169484

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To increase the impact of its members in the marketplace, and to further expand the usage of their products and services through the exchange, development, and publication of technical and marketing information.

84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $18K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$438K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$851K
+30% vs prior year
Spent
$791K
To programs
84%
Net assets
$403K
By yearFY2021–FY2025
Revenue
$851K
FY2022▲ +30%
Revenue by fiscal year
FY2021$652K
FY2022$851K
FY2023$885K
FY2024$981K
FY2025$1.1M
FY2025$1.1M
Expenses
$791K
FY2022▲ +22%
Expenses by fiscal year
FY2021$650K
FY2022$791K
FY2023$956K
FY2024$1.1M
FY2025$1.0M
FY2025$1.2M
Net assets
$403K
FY2022▲ +12%
Net assets by fiscal year
FY2021$359K
FY2022$403K
FY2023$308K
FY2024$219K
FY2025$244K
FY2025$177K

From the FY2022 Form 990 (year ending February 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1982.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $667K Management & general 16% · $125K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President & Past President Elect
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
President Elect & Past Secretary/Treasurer
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director & Past-President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Spri INC executive salaries →

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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 15aNo

Programs and updates

Promotes member products and services by sharing and developing technical and marketing information.

Provided by the organization

This section is blank until Spri INC claims this page.

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3 program services account for $667K of program spending, described in the organization's own filed words · FY2021.
01

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.

$324Kprogram expense
02

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

$209Kprogram expense
03

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

$134Kprogram expense

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$851K
Ln 12
Fees for servicesLn 2g$816K
Other incomeLn 4–11$28K
Investment incomeLn 3$6K
Money outPt IX
$791K
Ln 25
Programscol B$667K
Managementcol C$125K
Owns and owesPt X
$403K
net assets · Ln 32
Cash and savingsLn 1–2$736K
Total assetsLn 16$841K
LiabilitiesLn 26$438K
PeoplePt VI, VII
27
listed · VII A
PaidVII A0
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$816K
Investment incomeLn 3$6K
Other incomeLn 4–11$28K
Total revenueLn 12$851K
Assets in detailPt X, end of year
CashLn 1$309K
SavingsLn 2$427K
Cash and savings togetherLn 1–2$736K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$841K
LiabilitiesLn 26$438K
Net assetsLn 32$403K
OperationsPt I, VI
EmployeesI 50
VolunteersI 645
Fiscal year endsHeaderFebruary
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$594K$736K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$786K$841K
LiabilitiesLn 26$427K$438K
Net assetsLn 32$359K$403K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$143K$136K$7K
Legal feesLn 11b$56K$56K
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$225K$215K$10K
Office expensesLn 13$14K$11K$3K
Conferences, conventions and meetingsLn 19$67K$67K
Depreciation, depletion and amortizationLn 22$16K$16K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$145K$145K
All other expensesLn 24e$98K$76K$21K
Total functional expensesLn 25$791K$667K$125K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $1.1M$1.0M$17K$244K 990 PDF
FY2024 $981K$1.1M−$97K$219K 990 PDF
FY2023 $885K$956K−$71K$308K 990 PDF
FY2022 Viewing $851K$791K$59K$403K 990 PDF
FY2021 $652K$650K$2K$359K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $850,774 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $816,458$816,458
VIII-3 Investment incomeExcluded from tax $6,005$6,005
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $28,311$28,311
VIII-12 Total revenueRelated to mission $844,769 · Unrelated business $0 · Excluded from tax $6,005$850,774
Part IX · Statement of functional expenses $791,498 across 10 lines filed
IX-11a Management feesPrograms $136,135 · Management $7,165$143,300
IX-11b Legal feesManagement $55,518$55,518
IX-11c Accounting feesManagement $21,858$21,858
IX-11g Other fees for servicesPrograms $215,109 · Management $10,000$225,109
IX-13 Office expensesPrograms $11,041 · Management $3,085$14,126
IX-19 Conferences, conventions and meetingsPrograms $67,314$67,314
IX-22 Depreciation, depletion and amortizationPrograms $16,200$16,200
IX-23 InsuranceManagement $5,727$5,727
IX-24 Other expenses (24a–d)Programs $144,573$144,573
IX-24e All other expensesPrograms $76,335 · Management $21,438$97,773
IX-25 Total functional expensesPrograms $666,707 · Management $124,791 · Fundraising $0$791,498
Part X · Balance sheet $840,974 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $156,438$308,787
X-2 Savings and temporary cash investmentsStart of year $437,358$427,438
X-4 Accounts receivableStart of year $119,043$52,720
X-9 Prepaid expenses and deferred chargesStart of year $43,945$38,529
X-10c Land, buildings and equipment, netStart of year $0$0
X-14 Intangible assetsStart of year $29,700$13,500
X-16 Total assetsStart of year $786,484$840,974
X-17 Accounts payable and accrued expensesStart of year $26,943$37,903
X-19 Deferred revenueStart of year $400,048$400,227
X-26 Total liabilitiesStart of year $426,991$438,130
X-27 Net assets without donor restrictionsStart of year $359,493$402,844
X-32 Total net assets or fund balancesStart of year $359,493$402,844
X-33 Total liabilities and net assetsStart of year $786,484$840,974
Part XI · Reconciliation of net assets $402,844 net assets at year end
XI-1 Total revenue$850,774
XI-2 Total expenses$791,498
XI-3 Revenue less expenses$59,276
XI-4 Net assets at start of year$359,493
XI-5 Net unrealized gains (losses) on investments−$15,925
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$402,844

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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