Semiconductor Industry Association FY2022 filing

Not tax-deductible

Washington, DC501(c)(6)Since 1977EIN 94-2437024Revenue $12.6M in FY2022

On file with the IRSsemiconductors.org1101 K St Nw Ste 450, 20005-7037 · Washington, DCTax-exempt since Jan 1978

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The Semiconductor Industry Association (sia) is the voice of the Semiconductor Industry, one of america's top export industries and a key driver of america's economic strength, national security, and global competitiveness. Semiconductors the tiny chips that enable modern technologies have helped give rise to incredible products and services that have transformed our lives and our economy. The Semiconductor Industry directly employs nearly a quarter of a million people in the u.s. Sia members account for nearly 95 percent of all u.s. Semiconductor Industry sales. Through this coalition, sia seeks to strengthen leadership of Semiconductor manufacturing, design, and research by working with congress, the administration, and key Industry stakeholders to encourage policies that fuel innovation, propel business, and drive international competition.

$4.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · 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
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
5 of 5
filings with a surplus
Average surplus $835K a year · 6% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$4.4M
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.5M
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.6M
+14% vs prior year
Spent
$12.5M
Net assets
$6.7M
By yearFY2020–FY2024
Revenue
$12.6M
FY2022▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.5M
FY2021$11.0M
FY2022$12.6M
FY2023$15.9M
FY2024$16.0M
Expenses
$12.5M
FY2022▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.9M
FY2021$10.1M
FY2022$12.5M
FY2023$14.6M
FY2024$14.7M
Net assets
$6.7M
FY2022▲ +0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.8M
FY2021$6.6M
FY2022$6.7M
FY2023$8.0M
FY2024$9.3M

From the FY2022 Form 990 · 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 (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1978.

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; $4.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$1,488,197Pt VII · Sec A
VP, Government Affairs
$987,058Pt VII · Sec A
VP, Global Policy
$774,143Pt VII · Sec A
Director, Communications
$296,592Pt VII · Sec A
Dir. Ind. Stat.& Econ.(from 1/2022)
$229,982Pt VII · Sec A
Dir. Tech Policy (from 1/2022)
$211,522Pt VII · Sec A
Dir. Global Policy (from 2/2022)
$203,760Pt VII · Sec A
Dir. Gov. Affairs (from 7/2022)
$162,961Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
John Neuffer$1,283,933$1,148,061$1,488,197$982,611$835,296
David Isaacs$787,448$708,825$987,058$584,794$482,222
Jimmy Goodrich—$544,710$774,143$570,094$486,211
Mary Thornton$625,089$249,799———
Dan Rosso$314,378————
Molly O'Leary$303,328$292,029$162,961——
Daniel Rosso—$278,335$296,592$226,101$195,232
Zach Isakowitz$253,900————

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

Advocates for the semiconductor industry, driving innovation and economic strength.

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3 programs · in their own filed words · FY2022
01

Advocacy

Advocacy on behalf of the industry on policy priorities such as trade, tax reform, immigration reform, export controls, research funding, environment, anti-counterfeiting, and intellectual property.

Pt IX · col B
02

Global Policy

Support of access to foreign markets, non-discriminatory and market-based trade policies, and strong protection of intellectual property.

Pt IX · col B
03

Communication and Events

Providing information to the public andpolicymakers on the semiconductor industry.

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$12.6M
Ln 12
Fees for servicesLn 2g$12.3M
Gifts and grantsLn 1h$140K
Investment incomeLn 3$120K
Money outPt IX
$12.5M
Ln 25
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$13.4M
Total assetsLn 16$15.2M
LiabilitiesLn 26$8.5M
PeoplePt VI, VII
29
listed · VII A
PaidVII A8
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$140K
Fees for servicesLn 2g$12.3M
Investment incomeLn 3$120K
Other incomeLn 4–11$23K
Total revenueLn 12$12.6M
Assets in detailPt X, end of year
CashLn 1$3.9M
SavingsLn 2$9.5M
Cash and savings togetherLn 1–2$13.4M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$79K
Other assetsLn 15$1.3M
Total assetsLn 16$15.2M
LiabilitiesLn 26$8.5M
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 513
VolunteersI 621
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$12.5M$13.4M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$499K$79K
Total assetsLn 16$13.2M$15.2M
LiabilitiesLn 26$6.6M$8.5M
Net assetsLn 32$6.6M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$3.4M
Other salaries and wagesLn 7$2.3M
Pension plan contributionsLn 8$139K
Other employee benefitsLn 9$232K
Payroll taxesLn 10$223K
Legal feesLn 11b$797K
Accounting feesLn 11c$39K
Other fees for servicesLn 11g$2.6M
Advertising and promotionLn 12$164K
Office expensesLn 13$86K
Information technologyLn 14$139K
RoyaltiesLn 15$102K
OccupancyLn 16$454K
TravelLn 17$382K
Conferences, conventions and meetingsLn 19$846K
Depreciation, depletion and amortizationLn 22$55K
InsuranceLn 23$71K
Other expenses (24a–d)Ln 24$395K
All other expensesLn 24e$41K
Total functional expensesLn 25$12.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $16.0M$14.7M$1.3M$9.3M 990 PDF
FY2023 $15.9M$14.6M$1.3M$8.0M 990 PDF
FY2022 Viewing $12.6M$12.5M$59K$6.7M 990 PDF
FY2021 $11.0M$10.1M$870K$6.6M 990 PDF
FY2020 $9.5M$8.9M$647K$5.8M 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 (6 parts)
Part I · Summary $12,595,244 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$140,000
I-9 Program service revenuePrior year $10,981,714$12,313,000
I-10 Investment incomePrior year $30,762$119,732
I-11 Other revenuePrior year $0$22,512
I-12 Total revenuePrior year $11,012,476$12,595,244
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 $4,326,049$6,382,498
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,816,586$6,153,345
I-18 Total expensesPrior year $10,142,635$12,535,843
I-19 Revenue less expensesPrior year $869,841$59,401
Part VI · Governance 20 of 20 board members independent, 1 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,595,244 across 6 lines filed
VIII-1f All other contributions, gifts and grants$140,000
VIII-1h Total contributions, gifts and grants$140,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,313,000$12,313,000
VIII-3 Investment incomeExcluded from tax $119,732$119,732
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Excluded from tax $22,512$22,512
VIII-12 Total revenueRelated to mission $12,313,000 · Unrelated business $0 · Excluded from tax $142,244$12,595,244
Part IX · Statement of functional expenses $12,535,843 across 19 lines filed
IX-5 Pay of current officers, directors and key staff$3,441,900
IX-7 Other salaries and wages$2,346,439
IX-8 Pension plan contributions$138,858
IX-9 Other employee benefits$232,171
IX-10 Payroll taxes$223,130
IX-11b Legal fees$796,928
IX-11c Accounting fees$38,684
IX-11g Other fees for services$2,583,200
IX-12 Advertising and promotion$163,866
IX-13 Office expenses$85,900
IX-14 Information technology$139,234
IX-15 Royalties$101,814
IX-16 Occupancy$454,336
IX-17 Travel$382,083
IX-19 Conferences, conventions and meetings$845,972
IX-22 Depreciation, depletion and amortization$54,592
IX-23 Insurance$71,277
IX-24 Other expenses (24a–d)$394,714
IX-24e All other expenses$40,745
IX-25 Total functional expenses$12,535,843
Part X · Balance sheet $15,188,634 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $3,057,251$3,906,011
X-2 Savings and temporary cash investmentsStart of year $9,424,172$9,489,144
X-4 Accounts receivable$278,747
X-9 Prepaid expenses and deferred chargesStart of year $175,007$124,907
X-10c Land, buildings and equipment, netStart of year $498,638$79,318
X-11 Publicly traded securitiesStart of year $0$0
X-15 Other assetsStart of year $59,668$1,310,507
X-16 Total assetsStart of year $13,214,736$15,188,634
X-17 Accounts payable and accrued expensesStart of year $1,228,373$797,822
X-19 Deferred revenueStart of year $4,865,035$6,328,979
X-25 Other liabilitiesStart of year $486,439$1,367,543
X-26 Total liabilitiesStart of year $6,579,847$8,494,344
X-27 Net assets without donor restrictionsStart of year $6,634,889$6,694,290
X-32 Total net assets or fund balancesStart of year $6,634,889$6,694,290
X-33 Total liabilities and net assetsStart of year $13,214,736$15,188,634
Part XI · Reconciliation of net assets $6,694,290 net assets at year end
XI-1 Total revenue$12,595,244
XI-2 Total expenses$12,535,843
XI-3 Revenue less expenses$59,401
XI-4 Net assets at start of year$6,634,889
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,694,290

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

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