Sfi Foundation INC FY2023 filing

Not tax-deductible

Poway, CA501(c)(6)EIN 95-3243714Revenue $2.0M in FY2023

On file with the IRSsfifoundation.com15708 Pomerado Rd Suite N208, 92064-2066 · Poway, CATax-exempt since Dec 1980

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To issue and administer standards for specialty/performance automotive and racing equipment.

$922K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2023 · 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
3 of 5
filings with a surplus
Average surplus $146K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$922K
to officers and key staff · 45% of spending
Concern: pay to officers and key staff is 45% of spending; over 30%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
-16% vs prior year
Spent
$2.0M
To programs
0%
Net assets
$2.4M
By yearFY2021–FY2025
Revenue
$2.0M
FY2023▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.3M
FY2022$2.4M
FY2023$2.0M
FY2024$2.0M
FY2025$2.2M
Expenses
$2.0M
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.9M
FY2022$2.0M
FY2023$2.0M
FY2024$2.1M
FY2025$2.1M
Net assets
$2.4M
FY2023▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.1M
FY2022$2.5M
FY2023$2.4M
FY2024$2.4M
FY2025$2.4M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1980.

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

Who runs it and what they're paid

10 people listed on the 990; $922K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$210,090Pt VII · Sec A
Technical Manager
$186,257Pt VII · Sec A
$138,285Pt VII · Sec A
Motorsport Manager
$135,449Pt VII · Sec A
Lab Manager
$127,257Pt VII · Sec A
Admin. Manager
$124,194Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jennifer Faye$206,712$206,187$210,090$210,090$198,750
Michael Hurst$195,772$195,276$186,257$166,972$169,519
Arnold S Kuhns——$138,285$139,917$178,113
Joan Kuhns$160,178$144,733$124,194$122,958$123,189
Chris Bowden$137,321$136,758$135,449$122,769$122,231
Michael Sherbo$133,433$133,433$127,257$123,507$123,507

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

Sets and manages standards for specialty and racing automotive equipment.

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3 programs · in their own filed words · FY2022
01

Research and development of automotive safety specifications and the related sale of labels indicating that a product conforms to applicable safety standards.

Pt IX · col B
02

Licensing fees paid by race sanctioning bodies for use of developed standards and related technical inspections and training services.

Pt IX · col B
03

Laboratory testing fees for product testing to determine compliance with developed specifications.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Other incomeLn 4–11$2.0M
Investment incomeLn 3$5K
Money outPt IX
$2.0M
Ln 25
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$2.5M
LiabilitiesLn 26$11K
PeoplePt VI, VII
10
listed · VII A
PaidVII A6
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$5K
Other incomeLn 4–11$2.0M
Gains on assetsLn 7$0
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$595K
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$71K
Other assetsLn 15$0
Total assetsLn 16$2.5M
LiabilitiesLn 26$11K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 511
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.0M$2.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$78K$71K
Total assetsLn 16$2.5M$2.5M
LiabilitiesLn 26$16K$11K
Net assetsLn 32$2.5M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$381K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$918K
Pension plan contributionsLn 8$116K
Other employee benefitsLn 9$21K
Payroll taxesLn 10$97K
Management feesLn 11a$0
Legal feesLn 11b$3K
Accounting feesLn 11c$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$4K
Office expensesLn 13$42K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$252K
TravelLn 17$35K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$8K
InsuranceLn 23$43K
Other expenses (24a–d)Ln 24$90K
All other expensesLn 24e$36K
Total functional expensesLn 25$2.0M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$2.1M$39K$2.4M 990 PDF
FY2024 $2.0M$2.1M−$65K$2.4M 990 PDF
FY2023 Viewing $2.0M$2.0M−$39K$2.4M 990 PDF
FY2022 $2.4M$2.0M$389K$2.5M 990 PDF
FY2021 $2.3M$1.9M$405K$2.1M 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 FY2023 990 (6 parts)
Part I · Summary $2,010,771 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year −$882$5,182
I-11 Other revenuePrior year $2,393,086$2,005,589
I-12 Total revenuePrior year $2,392,204$2,010,771
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,457,463$1,532,534
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $546,001$517,461
I-18 Total expensesPrior year $2,003,464$2,049,995
I-19 Revenue less expensesPrior year $388,740−$39,224
Part VI · Governance 4 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,010,771 across 8 lines filed
Lines not itemized here account for $1,425,157 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $5,182$5,182
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $580,432$580,432
VIII-12 Total revenueRelated to mission $2,005,589 · Excluded from tax $5,182$2,010,771
Part IX · Statement of functional expenses $2,049,995 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$381,287
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$917,805
IX-8 Pension plan contributions$115,550
IX-9 Other employee benefits$21,160
IX-10 Payroll taxes$96,732
IX-11a Management fees$0
IX-11b Legal fees$3,000
IX-11c Accounting fees$3,225
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$4,350
IX-13 Office expenses$42,335
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$252,496
IX-17 Travel$35,228
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$7,694
IX-23 Insurance$43,220
IX-24 Other expenses (24a–d)$89,740
IX-24e All other expenses$36,173
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,049,995
Part X · Balance sheet $2,454,785 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,429,493$1,501,257
X-2 Savings and temporary cash investmentsStart of year $590,127$595,284
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $250,388$151,494
X-8 Inventories for sale or useStart of year $117,918$104,603
X-9 Prepaid expenses and deferred chargesStart of year $29,940$31,381
X-10c Land, buildings and equipment, netStart of year $78,460$70,766
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $2,496,326$2,454,785
X-17 Accounts payable and accrued expensesStart of year $11,025$3,006
X-25 Other liabilitiesStart of year $4,915$7,912
X-26 Total liabilitiesStart of year $15,940$10,918
X-27 Net assets without donor restrictionsStart of year $2,480,386$2,443,867
X-32 Total net assets or fund balancesStart of year $2,480,386$2,443,867
X-33 Total liabilities and net assetsStart of year $2,496,326$2,454,785
Part XI · Reconciliation of net assets $2,443,867 net assets at year end
XI-1 Total revenue$2,010,771
XI-2 Total expenses$2,049,995
XI-3 Revenue less expenses−$39,224
XI-4 Net assets at start of year$2,480,386
XI-9 Other changes in net assets$2,705
XI-10 Net assets at end of year$2,443,867

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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