Structural Insulated Panel Association
- Assets
- $564.4k
- Revenue
- $404.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 12/1992
- Data as of
- 12/2021
- EIN
- 52-1700230
Organization Overview
Structural Insulated Panel Association is located in Fort Lauderdale, FL. The organization was established in 1992. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Structural Insulated Panel Association 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, Structural Insulated Panel Association generated $404.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $414.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
PUBLISH PERIODICALS, NEWSLETTERS, AND DISTRIBUTE TO MEMBERSHIP AND OTHER INTEREST PARTIES. CONDUCT INFORMATIONAL MEETING/CONFERENCE REGARDING INDUSTRY TRENDS AND DEVELOPMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISH PERIODICALS, NEWSLETTERS, AND DISTRIBUTE TO MEMBERSHIP AND OTHER INTEREST PARTIES. CONDUCT INFORMATIONAL MEETING/CONFERENCE REGARDING INDUSTRY TRENDS AND DEVELOPMENTS.PROVIDE A SIP INDUSTRY CODE REPORT THAT HELPS INDIVIDUAL MANUFACTURERS MAINTAIN CONSISTENTLY HIGH QUALITY STANDARDS BY SHARING ENGINEERING TEST DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Bergum Past President | OfficerTrustee | 2 | $0 |
David Tompos 2nd Vice Pres | OfficerTrustee | 2 | $0 |
Damian Pataluna President | OfficerTrustee | 4 | $0 |
Joe Fortier Sec/treasurer | OfficerTrustee | 4 | $0 |
Aaron Hinde 1st Vice Pres | OfficerTrustee | 2 | $0 |
Charlie Ewalt Board Member | Trustee | 1 | $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 | $800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $800 |
| Total Program Service Revenue | $403,871 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,671 |
| 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. | $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 | $191,064 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $398 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,503 |
| Travel | $29 |
| 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 | $37,868 |
| Insurance | $1,838 |
| All other expenses | $22,826 |
| Total functional expenses | $414,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,784 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,770 |
| 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 | $242,766 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,113 |
| Total assets | $564,433 |
| Accounts payable and accrued expenses | $40,440 |
| 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 | $160,159 |
| Total liabilities | $200,599 |
| Net assets without donor restrictions | $363,834 |
| 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 | $564,433 |
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|---|---|---|
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Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Orlando Economic Partnership Inc Orlando, FL | $7,838,258 | $8,634,020 |
Florida Chamber Of Commerce Tallahassee, FL | $11,287,883 | $6,720,102 |
The Economic Development Partnership Of Alabama Inc Birmingham, AL | $16,193,879 | $5,250,949 |
Gwinnett Chamber Of Commerce Inc Duluth, GA | $6,627,911 | $6,072,892 |