Self Storage Association Foundation
- Assets
- $6.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 03-0594425
Organization Overview
Self Storage Association Foundation is located in Alexandria, VA. The organization was established in 2007. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Self Storage Association Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Self Storage Association Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FOUNDATION IS TO OPERATE EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED.
Describe the Organization's Program Activity:
EXPENSES INCURRED IN CONNECTION WITH THE PROGRAM MISSION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Reilly Past Chair | Trustee | 2 | $0 |
John Gilliland Board Member | Trustee | 2 | $0 |
Maureen Lee Board Member | Trustee | 2 | $0 |
Bill Hobin Board Member | Trustee | 2 | $0 |
Charles Sample Jr Board Member | Trustee | 2 | $0 |
Laurie Shader Smith Secretary | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Good Printers Inc Publishing Co. | 12/30/21 | $290,280 |
Tom Comi Commissions | 12/30/21 | $135,058 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $808,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $824,066 |
| Total Program Service Revenue | $1,191,620 |
| Investment income | $21,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $152,731 |
| Net Income from Fundraising Events | $91,905 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,330,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $121,945 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $154,903 |
| Advertising and promotion | $414 |
| Office expenses | $685,928 |
| Information technology | $44,058 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,900 |
| All other expenses | $234,813 |
| Total functional expenses | $1,243,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,723 |
| Savings and temporary cash investments | $3,652,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $154,604 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,839 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,057,540 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,560 |
| Total assets | $6,163,793 |
| Accounts payable and accrued expenses | $121,579 |
| Grants payable | $0 |
| Deferred revenue | $270,223 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,997 |
| Total liabilities | $394,799 |
| Net assets without donor restrictions | $2,278,038 |
| Net assets with donor restrictions | $3,490,956 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,163,793 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Self Storage Association Foundation has recieved totaling $8,057.
| Awarding Organization | Amount |
|---|---|
Charity Storage Inc Phoenix, AZ PURPOSE: TO SUPPORT INDUSTRY EDUCATION | $8,057 |
Endowment Analysis
| Beg. Balance | $2,879,453 |
| Earnings | -$43,042 |
| Admin Expense | $6,576 |
| Net Contributions | $783,066 |
| Grants | $121,945 |
| Ending Balance | $3,490,956 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thread Capital Raleigh, NC | $10,988,241 | $1,469,550 |
Shepherd University Foundation Supporting Organization Shepherdstown, WV | $18,727,712 | $1,761,060 |
Chpa Educational Foundation Washington, DC | $1,525,547 | $2,088,774 |
National Association Of Educational Procurement Inc Columbia, MD | $1,316,674 | $1,317,675 |
Hampton-Newport News Community Services Board Property Company Hampton, VA | $20,313,869 | $1,743,517 |
Self Storage Association Foundation Alexandria, VA | $6,163,793 | $2,330,620 |
American Bankers Association Community Engagement Foundation Washington, DC | $9,931,719 | $1,656,077 |
Nonprofit Village Center Inc Rockville, MD | $400,485 | $644,836 |
Friends Of Dugas Community Park Inc Scottsville, KY | $5,738,305 | $521,676 |
Sb Works Washington, DC | $367,219 | $574,807 |
Gaston Innovation Group Inc Belmont, NC | $343,119 | $240,786 |
Carolina Common Enterprise Durham, NC | $153,042 | $386,090 |