National Fire Sprinkler Industry Promotion Fund
- Assets
- $17.3m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Linthicum Heights, MD
- Founding
- 02/1986
- Data as of
- 12/2023
- EIN
- 22-2667267
Organization Overview
National Fire Sprinkler Industry Promotion Fund is located in Linthicum Heights, MD. The organization was established in 1986. According to its NTEE Classification (M24) the organization is classified as: Fire Prevention, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Fire Sprinkler Industry Promotion Fund 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 12/2023, National Fire Sprinkler Industry Promotion Fund generated $10.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $8.6m during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 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.
Since 2017, National Fire Sprinkler Industry Promotion Fund has awarded 18 individual grants totaling $528,802. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND PROMOTE THE RECOGNITION OF THE FIRE SPRINKLER INDUSTRY AS A UNIQUE IDENTITY IN ITSELF BY CONDUCTING PROGRAMS TO EDUCATE LOCAL OFFICIALS (E.G., FIRE MARSHALLS, BUILDING OFFICIALS, PLUMBING INSPECTORS, ETC.) TO INCREASE AWARENESS OF LATEST SPRINKLER TECHNOLOGY AVAILABLE AND TO PROTECT AGAINST IMPROPER INSTALLATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE USED TO CONDUCT EDUCATIONAL PROGRAMS ABOUT NEW MATERIALS, TECHNIQUES, IDEAS AND METHODS WHICH WILL IMPROVE THE INDUSTRY TO PROTECT AND IMPROVE EXISTING STANDARDS, TO ENGAGE IN ACTIVITIES AND PROGRAMS IN ORDER TO OBTAIN BENEFITS FOR, OR TO PROMOTE THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Ray Chair | OfficerTrustee | 1 | $0 |
Josh Savitz Vice Chair | OfficerTrustee | 1 | $0 |
Frederic Barall Vice Chair Thru 12/2023 | OfficerTrustee | 1 | $0 |
Lance Gunnells Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peg Paul & Associates Ltd Marketing Services | 12/30/23 | $280,062 |
International Code Consultants Fire Protection Consulting Services | 12/30/23 | $141,663 |
Mcallister & Quinn Llc Lobbying Services | 12/30/23 | $101,514 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,050 |
| 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 | $9,050 |
| Total Program Service Revenue | $9,713,019 |
| Investment income | $442,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$178,810 |
| Net Income from Fundraising Events | $1,701 |
| Net Income from Gaming Activities | $1,180 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,988,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $97,235 |
| 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. | $1,500 |
| 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 | $24,604 |
| Fees for services: Accounting | $90,319 |
| Fees for services: Lobbying | $584,752 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,310 |
| Fees for services: Other | $210,456 |
| Advertising and promotion | $1,057,182 |
| Office expenses | $106,828 |
| Information technology | $25,490 |
| Royalties | $0 |
| Occupancy | $133,622 |
| Travel | $74,221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,080 |
| Interest | $0 |
| Payments to affiliates | $1,095,950 |
| Depreciation, depletion, and amortization | $64,923 |
| Insurance | $7,609 |
| All other expenses | $2,272 |
| Total functional expenses | $8,586,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,869 |
| Savings and temporary cash investments | $2,237,653 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,065,846 |
| 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 | $31,430 |
| Net Land, buildings, and equipment | $281,513 |
| Investments—publicly traded securities | $13,478,624 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $147,946 |
| Total assets | $17,321,881 |
| Accounts payable and accrued expenses | $272,249 |
| 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 | $190,366 |
| Total liabilities | $462,615 |
| Net assets without donor restrictions | $16,859,266 |
| 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 | $17,321,881 |
Grants Awarded
Over the last fiscal year, National Fire Sprinkler Industry Promotion Fund has awarded $71,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOME FIRE SPRINKLER COALITION PURPOSE: GENERAL SUPPORT | $50,000 |
MASSACHUSETTS DEPARTMENT OF FIRE SERVICES PURPOSE: GENERAL SUPPORT | $7,000 |
THE BURN CENTER AT COOPERMAN BARNABAS PURPOSE: GENERAL SUPPORT | $7,300 |
NJ FIREFIGHTERS BENEVOLENT ASSOCIATION PURPOSE: GENERAL SUPPORT | $7,300 |