Security Industry Association FY2021 filing

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See part III, line 1.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
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
$1.4M
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $10.8M in investments, Pt X · Ln 11–13
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$831K
6% of total assets
Looks good: liabilities are 6% 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
$5.3M
Spent
$5.5M
Net assets
$12.7M
By yearFY2021–FY2024
Revenue
$5.3M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$5.3M
FY2022$6.5M
FY2023$7.4M
FY2024$9.0M
Expenses
$5.5M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$5.5M
FY2022$6.6M
FY2023$7.4M
FY2024$8.0M
Net assets
$12.7M
FY2021
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 FY2021 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; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$399,689Pt VII · Sec A
Managing Dir., Fin. & Operations
$197,669Pt VII · Sec A
Director of Member Services
$173,811Pt VII · Sec A
Senior Dir., Government Relations
$152,288Pt VII · Sec A
Senior Director of Marketing
$139,610Pt VII · Sec A
Associate Director of Membership
$130,871Pt VII · Sec A
Director of Learning and Development
$127,212Pt VII · Sec A
Director of Industry Relations
$125,049Pt 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 · FY2021
01

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 provide input into and positively influence the development of such proposals based on input received from members; and liaises…

Pt IX · col B
02

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
03

Standards

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.

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 FY2021 990, line by line.

1The main four
Money inPt VIII
$5.3M
Ln 12
Fees for servicesLn 2g$3.6M
Other incomeLn 4–11$825K
Gifts and grantsLn 1h$738K
Money outPt IX
$5.5M
Ln 25
Owns and owesPt X
$12.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$13.6M
LiabilitiesLn 26$831K
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$738K
Government grantsLn 1e$738K
Fees for servicesLn 2g$3.6M
Investment incomeLn 3$146K
Other incomeLn 4–11$825K
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$2.0M
SavingsLn 2$31K
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$10.8M
Land, buildings, equipmentLn 10c$14K
Other assetsLn 15$24K
Total assetsLn 16$13.6M
LiabilitiesLn 26$831K
Net assetsLn 32$12.7M
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 FY21End FY21
Cash and savingsLn 1–2$2.2M$2.0M
InvestmentsLn 11–13$9.9M$10.8M
Land, buildings, equipmentLn 10c$67K$14K
Total assetsLn 16$13.0M$13.6M
LiabilitiesLn 26$874K$831K
Net assetsLn 32$12.1M$12.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K
Grants to domestic individualsLn 2$89K
Pay of current officers, directors and key staffLn 5$895K
Other salaries and wagesLn 7$1.7M
Pension plan contributionsLn 8$98K
Other employee benefitsLn 9$319K
Payroll taxesLn 10$169K
Legal feesLn 11b$48K
Accounting feesLn 11c$98K
Lobbying feesLn 11d$322K
Investment management feesLn 11f$38K
Other fees for servicesLn 11g$150K
Advertising and promotionLn 12$70K
Office expensesLn 13$154K
Information technologyLn 14$965
OccupancyLn 16$325K
TravelLn 17$7K
Conferences, conventions and meetingsLn 19$608K
Depreciation, depletion and amortizationLn 22$61K
InsuranceLn 23$58K
Other expenses (24a–d)Ln 24$263K
Total functional expensesLn 25$5.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $5,329,982 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$738,094
I-9 Program service revenuePrior year $1,565,401$3,621,505
I-10 Investment incomePrior year $258,799$145,765
I-11 Other revenuePrior year $3,518,161$824,618
I-12 Total revenuePrior year $5,342,361$5,329,982
I-13 Grants and similar amounts paidPrior year $134,767$113,607
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,940,017$3,191,590
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,237,761$2,201,959
I-18 Total expensesPrior year $5,312,545$5,507,156
I-19 Revenue less expensesPrior year $29,816−$177,174
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 $5,329,982 across 7 lines filed
VIII-1e Government grants$738,094
VIII-1h Total contributions, gifts and grants$738,094
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,591,005 · Unrelated business $30,500$3,621,505
VIII-3 Investment incomeExcluded from tax $145,765$145,765
VIII-5 RoyaltiesExcluded from tax $775$775
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $823,843$823,843
VIII-12 Total revenueRelated to mission $3,591,005 · Unrelated business $30,500 · Excluded from tax $970,383$5,329,982
Part IX · Statement of functional expenses $5,507,156 across 21 lines filed
IX-1 Grants to domestic organizations$25,000
IX-2 Grants to domestic individuals$88,607
IX-5 Pay of current officers, directors and key staff$894,571
IX-7 Other salaries and wages$1,711,064
IX-8 Pension plan contributions$97,831
IX-9 Other employee benefits$318,699
IX-10 Payroll taxes$169,425
IX-11b Legal fees$47,577
IX-11c Accounting fees$97,676
IX-11d Lobbying fees$322,039
IX-11f Investment management fees$38,337
IX-11g Other fees for services$149,944
IX-12 Advertising and promotion$69,682
IX-13 Office expenses$154,233
IX-14 Information technology$965
IX-16 Occupancy$324,910
IX-17 Travel$7,021
IX-19 Conferences, conventions and meetings$607,600
IX-22 Depreciation, depletion and amortization$60,585
IX-23 Insurance$58,092
IX-24 Other expenses (24a–d)$263,298
IX-25 Total functional expenses$5,507,156
Part X · Balance sheet $13,559,293 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,195,728$2,015,076
X-2 Savings and temporary cash investmentsStart of year $31,287$31,031
X-4 Accounts receivableStart of year $138,073$74,158
X-9 Prepaid expenses and deferred chargesStart of year $254,051$223,891
X-10c Land, buildings and equipment, netStart of year $67,099$14,464
X-11 Publicly traded securitiesStart of year $9,860,874$10,771,486
X-14 Intangible assetsStart of year $405,000$405,000
X-15 Other assetsStart of year $24,187$24,187
X-16 Total assetsStart of year $12,976,299$13,559,293
X-17 Accounts payable and accrued expensesStart of year $363,348$306,987
X-19 Deferred revenueStart of year $355,625$440,734
X-25 Other liabilitiesStart of year $154,779$83,009
X-26 Total liabilitiesStart of year $873,752$830,730
X-27 Net assets without donor restrictionsStart of year $12,102,547$12,728,563
X-32 Total net assets or fund balancesStart of year $12,102,547$12,728,563
X-33 Total liabilities and net assetsStart of year $12,976,299$13,559,293
Part XI · Reconciliation of net assets $12,728,563 net assets at year end
XI-1 Total revenue$5,329,982
XI-2 Total expenses$5,507,156
XI-3 Revenue less expenses−$177,174
XI-4 Net assets at start of year$12,102,547
XI-5 Net unrealized gains (losses) on investments$803,190
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,728,563

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

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