Self Storage Association INC FY2022 filing

Not tax-deductible

Alexandria, VA501(c)(6)Since 1975Mutual / membership EIN 71-0552035Revenue $9.2M in FY2022

On file with the IRSselfstorage.org1001 N Fairfax St Ste 505, 22314-1892 · Alexandria, VATax-exempt since May 1976

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The Association represents the interest of owners, operators, and suppliers in the Self Storage industry.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$1.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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
5 of 6
filings with a surplus
Average surplus $855K a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$1.5M
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $6.5M in investments, Pt X · Ln 11–13
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.3M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.2M
+33% vs prior year
Spent
$7.4M
Net assets
$7.5M
By yearFY2020–FY2025
Revenue
$9.2M
FY2022▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.8M
FY2021$6.9M
FY2022$9.2M
FY2023$10.5M
FY2024$11.5M
FY2025$11.7M
Expenses
$7.4M
FY2022▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.4M
FY2021$6.1M
FY2022$7.4M
FY2023$8.3M
FY2024$9.6M
FY2025$13.6M
Net assets
$7.5M
FY2022▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.4M
FY2021$6.2M
FY2022$7.5M
FY2023$10.2M
FY2024$12.9M
FY2025$12.0M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1976.

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

Who runs it and what they're paid

22 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$420,425Pt VII · Sec A
General Counsel
$270,172Pt VII · Sec A
Director of Finance and Op
$202,739Pt VII · Sec A
Senior Staff
$157,822Pt VII · Sec A
Senior Staff
$147,431Pt VII · Sec A
Senior Staff
$130,266Pt VII · Sec A
Senior Staff
$123,188Pt VII · Sec A
National Director
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tim Dietz$685,800$594,000$506,165$420,425$418,136$376,758
Joe Doherty$332,149$314,848$283,611$270,172$252,520$237,149
Derek Knights$255,468$245,665$219,467$202,739$196,876$186,000
Michael Blackett$185,594$178,472$169,974$157,822$150,292$143,790
Virginia Stengel$173,375$166,723$158,783$147,431$143,397$135,640
Katie Knaupe$166,561—————
Daniel Bryant$159,650$149,350$140,400$123,188$118,450$108,070
Julie M Larose—$150,539$143,370$130,266——

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 15aNo

Programs and updates

Advocates for self-storage owners, operators, and suppliers.

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Provided by the organization

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2 programs · in their own filed words · FY2022
01

Meetings and Conferences

Self storage performs market research studies and advertising to enhance the image of self storage. It serves as a knowledge broker to its members via meetings and conferences

Pt IX · col B
02

Membership

Self storage association was formed to protect the interest of owners, operators and suppliers of the self storage inudstry through education, training, conventions and seminars

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 2 grants · $273K · 2020–2025
Unitemized GrantFY2025$224,833

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$9.2M
Ln 12
Fees for servicesLn 2g$8.5M
Other incomeLn 4–11$371K
Investment incomeLn 3$299K
Money outPt IX
$7.4M
Ln 25
Owns and owesPt X
$7.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$10.8M
LiabilitiesLn 26$3.3M
PeoplePt VI, VII
22
listed · VII A
PaidVII A7
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$8.5M
Investment incomeLn 3$299K
Other incomeLn 4–11$371K
Total revenueLn 12$9.2M
Assets in detailPt X, end of year
CashLn 1$197K
SavingsLn 2$3.3M
Cash and savings togetherLn 1–2$3.5M
InvestmentsLn 11–13$6.5M
Land, buildings, equipmentLn 10c$203K
Other assetsLn 15$132K
Total assetsLn 16$10.8M
LiabilitiesLn 26$3.3M
Net assetsLn 32$7.5M
OperationsPt I, VI
EmployeesI 519
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$8.4M$3.5M
InvestmentsLn 11–13$0$6.5M
Land, buildings, equipmentLn 10c$43K$203K
Total assetsLn 16$8.8M$10.8M
LiabilitiesLn 26$2.6M$3.3M
Net assetsLn 32$6.2M$7.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$500
Pay of current officers, directors and key staffLn 5$522K
Other salaries and wagesLn 7$1.7M
Pension plan contributionsLn 8$116K
Other employee benefitsLn 9$125K
Payroll taxesLn 10$135K
Legal feesLn 11b$38K
Accounting feesLn 11c$50K
Investment management feesLn 11f$40K
Other fees for servicesLn 11g$636K
Advertising and promotionLn 12$593K
Office expensesLn 13$410K
Information technologyLn 14$59K
OccupancyLn 16$194K
TravelLn 17$139K
Conferences, conventions and meetingsLn 19$17K
InterestLn 20$293
Payments to affiliatesLn 21$3K
Depreciation, depletion and amortizationLn 22$27K
InsuranceLn 23$30K
Other expenses (24a–d)Ln 24$2.5M
Total functional expensesLn 25$7.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11.7M$13.6M−$1.9M$12.0M 990 PDF
FY2024 $11.5M$9.6M$1.8M$12.9M 990 PDF
FY2023 $10.5M$8.3M$2.1M$10.2M 990 PDF
FY2022 Viewing $9.2M$7.4M$1.8M$7.5M 990 PDF
FY2021 $6.9M$6.1M$847K$6.2M 990 PDF
FY2020 $4.8M$4.4M$372K$5.4M 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 J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $9,189,380 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $286,167$0
I-9 Program service revenuePrior year $6,263,293$8,519,631
I-10 Investment incomePrior year $13,124$299,214
I-11 Other revenuePrior year $360,027$370,535
I-12 Total revenuePrior year $6,922,611$9,189,380
I-13 Grants and similar amounts paidPrior year $0$500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,506,580$2,637,291
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,569,403$4,753,857
I-18 Total expensesPrior year $6,075,983$7,391,648
I-19 Revenue less expensesPrior year $846,628$1,797,732
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $9,189,380 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,519,631$8,519,631
VIII-3 Investment incomeExcluded from tax $299,214$299,214
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $370,535$370,535
VIII-12 Total revenueRelated to mission $8,890,166 · Unrelated business $0 · Excluded from tax $299,214$9,189,380
Part IX · Statement of functional expenses $7,391,648 across 21 lines filed
IX-1 Grants to domestic organizations$500
IX-5 Pay of current officers, directors and key staff$522,394
IX-7 Other salaries and wages$1,739,281
IX-8 Pension plan contributions$115,973
IX-9 Other employee benefits$124,837
IX-10 Payroll taxes$134,806
IX-11b Legal fees$37,794
IX-11c Accounting fees$49,679
IX-11f Investment management fees$40,500
IX-11g Other fees for services$635,599
IX-12 Advertising and promotion$593,032
IX-13 Office expenses$410,276
IX-14 Information technology$59,418
IX-16 Occupancy$194,154
IX-17 Travel$139,294
IX-19 Conferences, conventions and meetings$16,879
IX-20 Interest$293
IX-21 Payments to affiliates$2,930
IX-22 Depreciation, depletion and amortization$27,107
IX-23 Insurance$29,579
IX-24 Other expenses (24a–d)$2,517,323
IX-25 Total functional expenses$7,391,648
Part X · Balance sheet $10,765,634 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,367$196,766
X-2 Savings and temporary cash investmentsStart of year $8,374,488$3,342,843
X-4 Accounts receivableStart of year $80,321$170,124
X-8 Inventories for sale or useStart of year $59,393$114,649
X-9 Prepaid expenses and deferred chargesStart of year $74,781$152,892
X-10c Land, buildings and equipment, netStart of year $43,449$202,711
X-11 Publicly traded securitiesStart of year $0$6,453,707
X-15 Other assetsStart of year $130,519$131,942
X-16 Total assetsStart of year $8,764,318$10,765,634
X-17 Accounts payable and accrued expensesStart of year $348,062$559,058
X-19 Deferred revenueStart of year $2,202,548$2,554,421
X-26 Total liabilitiesStart of year $2,563,447$3,292,456
X-27 Net assets without donor restrictionsStart of year $6,196,498$7,469,305
X-28 Net assets with donor restrictionsStart of year $4,373$3,873
X-32 Total net assets or fund balancesStart of year $6,200,871$7,473,178
X-33 Total liabilities and net assetsStart of year $8,764,318$10,765,634
Part XI · Reconciliation of net assets $7,473,178 net assets at year end
XI-1 Total revenue$9,189,380
XI-2 Total expenses$7,391,648
XI-3 Revenue less expenses$1,797,732
XI-4 Net assets at start of year$6,200,871
XI-5 Net unrealized gains (losses) on investments−$525,425
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,473,178

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

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