Auto-Isac INC FY2021 filing

Not tax-deductible

Washington, DC501(c)(6)Since 2015Community DevelopmentEIN 47-5237220Revenue $4.5M in FY2021

On file with the IRSautomotiveisac.com20 F St Nw Ste 700, 20001-6705 · Washington, DCTax-exempt since Apr 2016

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The mission of Auto-Isac is to serve the global automotive industry as a central point for the analysis and sharing of trusted and timely cyber threat information about existing or potential cyber-related threats and vulnerabilities for the connected vehicle. Our membership includes light- and heavy-duty vehicles, commercial vehicle fleets and carriers.

$813K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.1M a year · 21% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$813K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$958K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
+22% vs prior year
Spent
$2.6M
Net assets
$7.8M
By yearFY2020–FY2024
Revenue
$4.5M
FY2021▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$4.5M
FY2022$5.4M
FY2023$5.5M
FY2024$5.9M
Expenses
$2.6M
FY2021▲ +42%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$2.6M
FY2022$3.5M
FY2023$4.9M
FY2024$6.8M
Net assets
$7.8M
FY2021▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.0M
FY2021$7.8M
FY2022$9.7M
FY2023$10.2M
FY2024$9.3M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Apr 2016.

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

Who runs it and what they're paid

29 people listed on the 990; $813K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$404,625Pt VII · Sec A
Program Operations Manager
$158,436Pt VII · Sec A
Business Operations Manager
$139,400Pt VII · Sec A
Intelligence Officer
$110,340Pt VII · Sec A
Supplier Affinity Gr. Chair
$0Pt VII · Sec A
Commercial Vehicle Affinity Gr. Chair
$0Pt VII · Sec A
Advisory Board Chair
$0Pt VII · Sec A
Affiliate Adv Vice Chair
$0Pt VII · Sec A

Faye Francy’s $528K as Executive Director is at the 97th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Faye Francy$527,580$471,113$464,427$404,625$463,788
Joshua Poster$187,368$190,364$183,088$158,436$162,862
Martin Emele$166,659————
Michael Shokouhi$164,160$162,800$156,616$139,400—
Paul Hart$137,804————
Ricky Brooks II$134,589$127,985———
Mathew J Thompson$132,643$127,943———
Ricky Brooks——$126,372$110,340—

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.

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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 15aYes

Programs and updates

Shares automotive cyber threat information to protect connected vehicles.

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1 program · in their own filed words · FY2021
01

As defined by the national council of isacs (nci), an information sharing and analysis center (isac) is a trusted, sector-specific membership organization that provides operational capabilities for its sector or industry.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Fees for servicesLn 2g$4.4M
Gifts and grantsLn 1h$105K
Investment incomeLn 3$20K
Money outPt IX
$2.6M
Ln 25
Owns and owesPt X
$7.8M
net assets · Ln 32
Cash and savingsLn 1–2$554K
Total assetsLn 16$8.8M
LiabilitiesLn 26$958K
PeoplePt VI, VII
29
listed · VII A
PaidVII A4
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$105K
Government grantsLn 1e$105K
Fees for servicesLn 2g$4.4M
Investment incomeLn 3$20K
Other incomeLn 4–11$2K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$554K
Cash and savings togetherLn 1–2$554K
InvestmentsLn 11–13$7.9M
Other assetsLn 15$0
Total assetsLn 16$8.8M
LiabilitiesLn 26$958K
Net assetsLn 32$7.8M
OperationsPt I, VI
EmployeesI 511
VolunteersI 625
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 FY21End FY21
Cash and savingsLn 1–2$604K$554K
InvestmentsLn 11–13$6.5M$7.9M
Total assetsLn 16$7.1M$8.8M
LiabilitiesLn 26$1.2M$958K
Net assetsLn 32$6.0M$7.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$606K
Other salaries and wagesLn 7$886K
Pension plan contributionsLn 8$52K
Other employee benefitsLn 9$60K
Payroll taxesLn 10$23K
Legal feesLn 11b$93K
Accounting feesLn 11c$48K
Other fees for servicesLn 11g$64K
Advertising and promotionLn 12$5K
Office expensesLn 13$9K
Information technologyLn 14$568K
OccupancyLn 16$29K
TravelLn 17$57K
Conferences, conventions and meetingsLn 19$950
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$105K
Total functional expensesLn 25$2.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.9M$6.8M−$916K$9.3M 990 PDF
FY2023 $5.5M$4.9M$572K$10.2M 990 PDF
FY2022 $5.4M$3.5M$1.9M$9.7M 990 PDF
FY2021 Viewing $4.5M$2.6M$1.9M$7.8M 990 PDF
FY2020 $3.7M$1.8M$1.9M$6.0M 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 FY2021 990 (6 parts)
Part I · Summary $4,495,597 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$104,710
I-9 Program service revenuePrior year $3,663,761$4,369,574
I-10 Investment incomePrior year $28,771$19,771
I-11 Other revenuePrior year $0$1,542
I-12 Total revenuePrior year $3,692,532$4,495,597
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 $1,079,694$1,626,849
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $753,765$982,674
I-18 Total expensesPrior year $1,833,459$2,609,523
I-19 Revenue less expensesPrior year $1,859,073$1,886,074
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,495,597 across 6 lines filed
VIII-1e Government grants$104,710
VIII-1h Total contributions, gifts and grants$104,710
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,369,574$4,369,574
VIII-3 Investment incomeExcluded from tax $19,771$19,771
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,542$1,542
VIII-12 Total revenueRelated to mission $4,369,574 · Unrelated business $0 · Excluded from tax $21,313$4,495,597
Part IX · Statement of functional expenses $2,609,523 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$606,096
IX-7 Other salaries and wages$885,530
IX-8 Pension plan contributions$52,196
IX-9 Other employee benefits$60,064
IX-10 Payroll taxes$22,963
IX-11b Legal fees$92,525
IX-11c Accounting fees$47,880
IX-11g Other fees for services$64,312
IX-12 Advertising and promotion$5,000
IX-13 Office expenses$9,452
IX-14 Information technology$568,429
IX-16 Occupancy$28,588
IX-17 Travel$56,641
IX-19 Conferences, conventions and meetings$950
IX-23 Insurance$3,833
IX-24 Other expenses (24a–d)$105,064
IX-25 Total functional expenses$2,609,523
Part X · Balance sheet $8,805,816 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $603,717$554,255
X-4 Accounts receivable$117,421
X-9 Prepaid expenses and deferred chargesStart of year $20,670$247,987
X-11 Publicly traded securitiesStart of year $6,516,381$7,886,153
X-15 Other assetsStart of year $6,800$0
X-16 Total assetsStart of year $7,147,568$8,805,816
X-17 Accounts payable and accrued expensesStart of year $3,220$263,175
X-19 Deferred revenueStart of year $1,150,000$455,000
X-25 Other liabilitiesStart of year $32,680$239,899
X-26 Total liabilitiesStart of year $1,185,900$958,074
X-27 Net assets without donor restrictionsStart of year $5,961,668$7,847,742
X-32 Total net assets or fund balancesStart of year $5,961,668$7,847,742
X-33 Total liabilities and net assetsStart of year $7,147,568$8,805,816
Part XI · Reconciliation of net assets $7,847,742 net assets at year end
XI-1 Total revenue$4,495,597
XI-2 Total expenses$2,609,523
XI-3 Revenue less expenses$1,886,074
XI-4 Net assets at start of year$5,961,668
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,847,742

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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