Spray Polyurethane Foam Alliance
- Assets
- $1.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Stafford, VA
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-0374296
Organization Overview
Spray Polyurethane Foam Alliance is located in Stafford, VA. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Spray Polyurethane Foam Alliance is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Spray Polyurethane Foam Alliance generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $704.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
(1)TO PROMOTE THE BEST INTERESTS OF THE POLYURETHANE FOAM INDUSTRY AS WELL AS THE DEVELOPMENT, AND GROWTH OF SPRAY APPLIED POLYURETHANE FOAM AND RELATED APPLICATIONS. (2)TO PROMOTE AND ENHANCE THE PRESTIGE OF THE ABOVE-DEFINED INDUSTRY BY PREPARATION AND DISSEMINATION OF WRITINGS, PAPERS, BOOKS, PAMPHLETS, ELECTRONIC MEDIA, PERIODICALS AND SIMILAR SUCH ACTIVITIES.(3)TO PROVIDE A FORUM FOR CONSIDERATION OF AND EXPRESSION OF OPINION UPON QUESTIONS AFFECTING THE INDUSTRY.(4)TO PROMOTE UNITY WITHIN ALL SEGMENTS OF THE SPRAY POLYURETHANE FOAM AND RELATED INDUSTRY FOR THE COMMON GOAL OF INDUSTRY PROMOTION AND SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION HOLDS AN ANNUAL SPRAY FOAM CONFERENCE AND EXPOSITION THAT BRINGS SUPPLIERS, CONTRACTORS, RESEARCHERS, AND INDUSTRY EXPERTS TOGETHER TO PRESENT AND DISCUSS THE STATE OF INDUSTRY TRENDS, TECHNOLOGY, EQUIPMENT, AND OPPORTUNITIES.
THE ASSOCIATION PROVIDES MANY SERVICES TO THE MEMBERS SUCH AS ACCREDITATION, CERTIFICATION, EDUCATION PROGRAMS, TECHNICAL LITERATURE AND GUIDELINES ON SPRAY POLYURETHANE FOAM, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Duncan Executive Director | OfficerTrustee | 40 | $175,000 |
Bonnie Strickler Vice President | OfficerTrustee | 2 | $0 |
Bryan Heldreth President | OfficerTrustee | 2 | $0 |
Richard Spiess Secretary/treasurer | OfficerTrustee | 2 | $0 |
Tiffany Flaim Former President | OfficerTrustee | 2 | $0 |
Jack Moore Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,927,774 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$709 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,024,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $175,000 |
| Compensation of current officers, directors, key employees. | $175,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,457 |
| Pension plan accruals and contributions | $13,432 |
| Other employee benefits | $88,787 |
| Payroll taxes | $20,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,661 |
| Fees for services: Accounting | $6,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,994 |
| Advertising and promotion | $0 |
| Office expenses | $39,738 |
| Information technology | $27,909 |
| Royalties | $0 |
| Occupancy | $4,333 |
| Travel | $10,641 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,162 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,170 |
| Insurance | $24,526 |
| All other expenses | -$40,505 |
| Total functional expenses | $704,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $695,565 |
| Savings and temporary cash investments | $29,413 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $509,600 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,514 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,239,092 |
| Accounts payable and accrued expenses | $24,771 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $24,771 |
| Net assets without donor restrictions | $1,214,321 |
| Net assets with donor restrictions | $0 |
| 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 | $1,239,092 |
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