Spri INC FY2023 filing

Not tax-deductible

Waltham, MA501(c)(6)Since 1996Mutual / membership EIN 36-3169484Revenue $885K in FY2023

On file with the IRSspri.org60 Hickory Drive 6100, 02451-1013 · Waltham, MATax-exempt since Oct 1982

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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.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $36K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Looks good: 6.9 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
$440K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
26
of 26 voting members
Looks good: 26 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$885K
+4% vs prior year
Spent
$956K
To programs
84%
Net assets
$308K
By yearFY2021–FY2026
Revenue
$885K
FY2023▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$652K
FY2022$851K
FY2023$885K
FY2024$981K
FY2025$1.1M
FY2026$1.1M
Expenses
$956K
FY2023▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2021$650K
FY2022$791K
FY2023$956K
FY2024$1.1M
FY2025$1.0M
FY2026$1.2M
Net assets
$308K
FY2023▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2021$359K
FY2022$403K
FY2023$308K
FY2024$219K
FY2025$244K
FY2026$177K

From the FY2023 Form 990 (year ending February 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. 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% · $806K Management & general 16% · $150K

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 (FY2022); the FY2023 filing did not itemize Part VII
President & Past President Elect
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
President Elect & Past Sec./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.

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Provided by the organization

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3 programs · $806K · in their own filed words · FY2022
01

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

$341Kprogram expense
02

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

$330Kprogram 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.

$135Kprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$885K
Ln 12
Fees for servicesLn 2g$877K
Investment incomeLn 3$7K
Other incomeLn 4–11$1K
Money outPt IX
$956K
Ln 25
Programscol B$806K
Managementcol C$150K
Owns and owesPt X
$308K
net assets · Ln 32
Cash and savingsLn 1–2$551K
Total assetsLn 16$748K
LiabilitiesLn 26$440K
PeoplePt VI, VII
27
listed · VII A
PaidVII A0
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$877K
Investment incomeLn 3$7K
Other incomeLn 4–11$1K
Total revenueLn 12$885K
Assets in detailPt X, end of year
CashLn 1$140K
SavingsLn 2$410K
Cash and savings togetherLn 1–2$551K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$748K
LiabilitiesLn 26$440K
Net assetsLn 32$308K
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 FY23End FY23
Cash and savingsLn 1–2$736K$551K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$841K$748K
LiabilitiesLn 26$438K$440K
Net assetsLn 32$403K$308K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$144K$124K$20K
Legal feesLn 11b$62K$62K
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$101K$101K
Advertising and promotionLn 12$41K$41K
Office expensesLn 13$10K$7K$3K
Information technologyLn 14$194K$194K
Conferences, conventions and meetingsLn 19$181K$181K
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$134K$99K$34K
All other expensesLn 24e$47K$45K$1K
Total functional expensesLn 25$956K$806K$150K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $1.1M$1.2M−$124K$177K 990 PDF
FY2025Filed with the IRS Sep 29, 2025 $1.1M$1.0M$17K$244K 990 PDF
FY2024Filed with the IRS Jan 15, 2025 $981K$1.1M−$97K$219K 990 PDF
FY2023 ViewingFiled with the IRS Oct 12, 2023 $885K$956K−$71K$308K 990 PDF
FY2022Filed with the IRS Oct 21, 2022 $851K$791K$59K$403K 990 PDF
FY2021Filed with the IRS Jul 13, 2021 $652K$650K$2K$359K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $885,011 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $816,458$877,306
I-10 Investment incomePrior year $6,005$6,574
I-11 Other revenuePrior year $28,311$1,131
I-12 Total revenuePrior year $850,774$885,011
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $791,498$955,988
I-18 Total expensesPrior year $791,498$955,988
I-19 Revenue less expensesPrior year $59,276−$70,977
Part VI · Governance 26 of 26 board members independent, 3 to look at
VI-1a Voting members of the governing body26
VI-1b Independent voting members26
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $885,011 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $877,306$877,306
VIII-3 Investment incomeExcluded from tax $6,574$6,574
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,131$1,131
VIII-12 Total revenueRelated to mission $878,437 · Unrelated business $0 · Excluded from tax $6,574$885,011
Part IX · Statement of functional expenses $955,988 across 12 lines filed
IX-11a Management feesPrograms $124,378 · Management $19,622$144,000
IX-11b Legal feesManagement $61,842$61,842
IX-11c Accounting feesManagement $25,935$25,935
IX-11g Other fees for servicesPrograms $100,998$100,998
IX-12 Advertising and promotionPrograms $40,781$40,781
IX-13 Office expensesPrograms $7,260 · Management $3,202$10,462
IX-14 Information technologyPrograms $193,779$193,779
IX-19 Conferences, conventions and meetingsPrograms $180,769$180,769
IX-22 Depreciation, depletion and amortizationPrograms $13,500$13,500
IX-23 InsuranceManagement $3,615$3,615
IX-24 Other expenses (24a–d)Programs $99,484 · Management $34,195$133,679
IX-24e All other expensesPrograms $45,188 · Management $1,440$46,628
IX-25 Total functional expensesPrograms $806,137 · Management $149,851 · Fundraising $0$955,988
Part X · Balance sheet $747,819 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $308,787$140,449
X-2 Savings and temporary cash investmentsStart of year $427,438$410,106
X-4 Accounts receivableStart of year $52,720$107,797
X-9 Prepaid expenses and deferred chargesStart of year $38,529$89,467
X-10c Land, buildings and equipment, netStart of year $0$0
X-14 Intangible assetsStart of year $13,500$0
X-16 Total assetsStart of year $840,974$747,819
X-17 Accounts payable and accrued expensesStart of year $37,903$46,385
X-19 Deferred revenueStart of year $400,227$393,473
X-26 Total liabilitiesStart of year $438,130$439,858
X-27 Net assets without donor restrictionsStart of year $402,844$307,961
X-32 Total net assets or fund balancesStart of year $402,844$307,961
X-33 Total liabilities and net assetsStart of year $840,974$747,819
Part XI · Reconciliation of net assets $307,961 net assets at year end
XI-1 Total revenue$885,011
XI-2 Total expenses$955,988
XI-3 Revenue less expenses−$70,977
XI-4 Net assets at start of year$402,844
XI-5 Net unrealized gains (losses) on investments−$23,906
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$307,961

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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