Security Industry Association

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See part III, line 1.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 1,000 volunteers and 21 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · 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
1 of 4
filings with a surplus
Average surplus $168K a year · 2% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Pay to officers and key staff
$1.7M
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $11.2M in investments, Pt X · Ln 11–13
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.3M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.0M
+22% vs prior year
Spent
$8.0M
Net assets
$13.3M
By yearFY2021–FY2024
Revenue
$9.0M
FY2024▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2021$5.3M
FY2022$6.5M
FY2023$7.4M
FY2024$9.0M
Expenses
$8.0M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$5.5M
FY2022$6.6M
FY2023$7.4M
FY2024$8.0M
Net assets
$13.3M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2021$12.7M
FY2022$10.8M
FY2023$11.9M
FY2024$13.3M

From the FY2024 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: FY2024. IRS ruling in Jul 1973.

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

Who runs it and what they're paid

26 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$487,575Pt VII · Sec A
Managing Dir., Finance & Operations
$218,345Pt VII · Sec A
SR. Director, Member Services
$209,067Pt VII · Sec A
SR, Director, Government Relations
$196,705Pt VII · Sec A
SR. Director, Marketing
$176,035Pt VII · Sec A
Director, Learning and Development
$160,382Pt VII · Sec A
Director, Industry Relations
$153,206Pt VII · Sec A
Director, Standards and Technology
$139,783Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021
Don Erickson$487,575$478,690$434,047$399,689
Robin Smith$218,345$218,720$207,919$197,669
Kevin Murphy$209,067$200,876$191,328$173,811
Jacob Parker$196,705$195,742$172,936$152,288
Geoffrey Kohl$176,035$174,652$153,661$139,610
Elizabeth Reges$160,382$159,823$141,083—
Ronald Hawkins$153,206$146,800$136,903$125,049
Cameron Walker-Miller$139,783$120,599——

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

Develops security industry standards and manages an access control product certification program.

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3 programs · in their own filed words · FY2024
01

Learning and Development

The Association's Learning and Development Program is intended to help increase the knowledge and skills of employees from member companies as well as the industry generally. SIA learning and development initiatives include cybersecurity and project management certification programs, review courses, and both live, instructor-led and…

Pt IX · col B
02

Government Relations

The Association's Government Relations Program educates its members about security and life safety legislative and regulatory proposals that may impact their businesses; interacts with government officials to positively influence the development of such proposals based on input received from members; and liase with like-minded…

Pt IX · col B
03

The Association's Standards Program develops ANSI-accredited standards that promote interoperability and information sharing in the industry. The Standards Program manages an access control product certification program. SIA members collaborate and volunteer expertise, feedback and commentary on standards and other technology topics.

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 · this organization's grantmaking
Grants paid · 14 grants · $536K · 2021–2024
Unitemized GrantFY2024$37,338
Unitemized GrantFY2024$32,478
Unitemized GrantFY2023$77,326
Unitemized GrantFY2023$39,346
Unitemized GrantFY2022$56,772
Unitemized GrantFY2022$28,960
Unitemized GrantFY2021$73,329
Unitemized GrantFY2021$15,278

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$9.0M
Ln 12
Fees for servicesLn 2g$7.6M
Investment incomeLn 3$802K
Gifts and grantsLn 1h$540K
Money outPt IX
$8.0M
Ln 25
Owns and owesPt X
$13.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$15.5M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
26
listed · VII A
PaidVII A8
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$540K
Fees for servicesLn 2g$7.6M
Investment incomeLn 3$802K
Other incomeLn 4–11$3K
Gains on assetsLn 7$554K
Total revenueLn 12$9.0M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$31K
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$11.2M
Land, buildings, equipmentLn 10c$123K
Other assetsLn 15$1.3M
Total assetsLn 16$15.5M
LiabilitiesLn 26$2.3M
Net assetsLn 32$13.3M
OperationsPt I, VI
EmployeesI 521
VolunteersI 61,000
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 FY24End FY24
Cash and savingsLn 1–2$1.4M$1.8M
InvestmentsLn 11–13$10.1M$11.2M
Land, buildings, equipmentLn 10c$168K$123K
Total assetsLn 16$14.2M$15.5M
LiabilitiesLn 26$2.3M$2.3M
Net assetsLn 32$11.9M$13.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$75K
Grants to domestic individualsLn 2$70K
Pay of current officers, directors and key staffLn 5$1.1M
Other salaries and wagesLn 7$2.1M
Pension plan contributionsLn 8$117K
Other employee benefitsLn 9$332K
Payroll taxesLn 10$204K
Legal feesLn 11b$30K
Accounting feesLn 11c$102K
Lobbying feesLn 11d$476K
Investment management feesLn 11f$54K
Other fees for servicesLn 11g$529K
Advertising and promotionLn 12$52K
Office expensesLn 13$177K
Information technologyLn 14$250K
OccupancyLn 16$244K
TravelLn 17$58K
Conferences, conventions and meetingsLn 19$1.8M
Depreciation, depletion and amortizationLn 22$44K
InsuranceLn 23$56K
Other expenses (24a–d)Ln 24$189K
Total functional expensesLn 25$8.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $9.0M$8.0M$968K$13.3M 990 PDF
FY2023 $7.4M$7.4M−$12K$11.9M 990 PDF
FY2022 $6.5M$6.6M−$108K$10.8M 990 PDF
FY2021 $5.3M$5.5M−$177K$12.7M 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 FY2024 990 (6 parts)
Part I · Summary $8,981,616 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $537,387$539,669
I-9 Program service revenuePrior year $6,560,384$7,636,480
I-10 Investment incomePrior year $254,086$801,990
I-11 Other revenuePrior year $0$3,477
I-12 Total revenuePrior year $7,351,857$8,981,616
I-13 Grants and similar amounts paidPrior year $183,531$144,816
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,640,381$3,820,686
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,540,092$4,048,477
I-18 Total expensesPrior year $7,364,004$8,013,979
I-19 Revenue less expensesPrior year −$12,147$967,637
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $8,981,616 across 7 lines filed
VIII-1f All other contributions, gifts and grants$539,669
VIII-1h Total contributions, gifts and grants$539,669
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,636,480$7,636,480
VIII-3 Investment incomeExcluded from tax $247,761$247,761
VIII-7 Net gain or loss on sales of assetsExcluded from tax $554,229$554,229
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,477$3,477
VIII-12 Total revenueRelated to mission $7,636,480 · Unrelated business $0 · Excluded from tax $805,467$8,981,616
Part IX · Statement of functional expenses $8,013,979 across 21 lines filed
IX-1 Grants to domestic organizations$75,000
IX-2 Grants to domestic individuals$69,816
IX-5 Pay of current officers, directors and key staff$1,061,949
IX-7 Other salaries and wages$2,105,618
IX-8 Pension plan contributions$117,200
IX-9 Other employee benefits$332,184
IX-10 Payroll taxes$203,735
IX-11b Legal fees$30,305
IX-11c Accounting fees$102,162
IX-11d Lobbying fees$476,076
IX-11f Investment management fees$53,988
IX-11g Other fees for services$529,275
IX-12 Advertising and promotion$51,510
IX-13 Office expenses$177,064
IX-14 Information technology$250,403
IX-16 Occupancy$243,613
IX-17 Travel$57,964
IX-19 Conferences, conventions and meetings$1,787,144
IX-22 Depreciation, depletion and amortization$44,486
IX-23 Insurance$55,544
IX-24 Other expenses (24a–d)$188,943
IX-25 Total functional expenses$8,013,979
Part X · Balance sheet $15,525,832 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,406,682$1,815,914
X-2 Savings and temporary cash investmentsStart of year $30,667$30,698
X-3 Pledges and grants receivableStart of year $0$26,626
X-4 Accounts receivableStart of year $284,012$156,634
X-9 Prepaid expenses and deferred chargesStart of year $332,888$386,458
X-10c Land, buildings and equipment, netStart of year $167,813$123,327
X-11 Publicly traded securitiesStart of year $10,125,669$11,242,998
X-14 Intangible assetsStart of year $405,000$405,000
X-15 Other assetsStart of year $1,471,176$1,338,177
X-16 Total assetsStart of year $14,223,907$15,525,832
X-17 Accounts payable and accrued expensesStart of year $308,385$367,462
X-19 Deferred revenueStart of year $329,427$387,713
X-25 Other liabilitiesStart of year $1,652,397$1,499,964
X-26 Total liabilitiesStart of year $2,290,209$2,255,139
X-27 Net assets without donor restrictionsStart of year $11,933,698$13,270,693
X-32 Total net assets or fund balancesStart of year $11,933,698$13,270,693
X-33 Total liabilities and net assetsStart of year $14,223,907$15,525,832
Part XI · Reconciliation of net assets $13,270,693 net assets at year end
XI-1 Total revenue$8,981,616
XI-2 Total expenses$8,013,979
XI-3 Revenue less expenses$967,637
XI-4 Net assets at start of year$11,933,698
XI-5 Net unrealized gains (losses) on investments$369,358
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,270,693

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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