International Sleep Products Association
- Assets
- $12.2m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 63
- Location
- Alexandria, VA
- Founding
- 02/1935
- Data as of
- 12/2022
- EIN
- 53-0218747
Organization Overview
International Sleep Products Association is located in Alexandria, VA. The organization was established in 1935. 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. As of 12/2022, International Sleep Products Association employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Sleep Products 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 12/2022, International Sleep Products Association generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $8.8m during the year ending 12/2022. While expenses have increased by 12.5% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ISPA IS DEDICATED TO PROTECTING AND ENHANCING THE GROWTH, PROFITABILITY AND STATURE OF THE MATTRESS MANUFACTURING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS AND COMMUNICATIONS: THE ASSOCIATION PROVIDES INDEPTH COVERAGE OF THE EVENTS, TRENDS, AND ISSUES THAT AFFECT MEMBERS OF THE INDUSTRY. IT LINKS MANUFACTURERS WITH PRODUCT AND PROCESS INNOVATIONS FROM AROUND THE WORLD, AS WELL AS OPPORTUNITIES TO PROMOTE SERVICES, BUY AND SELL EQUIPMENT AND REACH POTENTIAL CANDIDATES FOR MANAGEMENT POSITIONS. ISPA'S WEEKLY BROADCAST ISPA INSIDER KEEPS MEMBERS ON TOP OF THE LATEST INDUSTRY NEWS, ANNOUNCEMENTS, AND MANUALS DESIGNED TO HELP BEDDING COMMUNITY MEMBERS ADDRESS SPECIFIC ISSUES RELATED TO THEIR OPERATIONS.
GOVERNMENT AFFAIRS AND ISSUES MANAGEMENT: IN THE GOVERNMENT AND PUBLIC POLICY ARENA, ISPA SERVES AS AN INFORMED, UNIFIED AND INDUSTRY VOICE TO LEGISLATORS, REGULATORS, AND THE PUBLIC. THE ASSOCIATION HAS ACTIVELY CULTIVATED SUCCESSFUL COLLABORATIVE RELATIONSHIPS WITH FEDERAL AND STATE REGULATORY AGENCIES, INDUSTRY AND TRADE GROUPS, AND THE SCIENTIFIC COMMUNITY ON EMERGING AND ONGOING ISSUES AFFECTING MEMBERS OF THE INDUSTRY.
TRADE EXPOSITIONS, MEETINGS AND EDUCATION: THE ASSOCIATION'S EXPO IS THE INDUSTRY'S PREMIER TRADESHOW WHERE BEDDING MANUFACTURERS FROM ALL OVER THE WORLD MEET TO SEE THE NEWEST AND BEST IN MACHINERY, EQUIPMENT, COMPONENTS, SUPPLIES AND SERVICES. IT IS HELD BIENNIALLY IN EVEN YEARS. ISPA HOLDS AN EXECUTIVE CONFERENCE IN ODD YEARS CALLED THE ISPA INDUSTRY CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Trainer President | OfficerTrustee | 24.1 | $491,073 |
Catherine A Lyons CFO | Officer | 19.6 | $273,231 |
Kerri Pichette Vp, Business Devt. | 35 | $228,907 | |
Michael O'donnell Managing Dir.-Mrc | 0 | $190,226 | |
Marie Clarke Vp, Policy & Govt. | 26.3 | $167,448 | |
Gayle Hanlon Legal Council | 0 | $160,365 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rossman Media Group Llc Digital Marketing | 12/30/22 | $100,000 |
Mla Solutions Practice Group Llc Personnel Recruitment | 12/30/22 | $116,222 |
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 | $9,527,163 |
| Investment income | $198,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $175,411 |
| Net Gain/Loss on Asset Sales | -$21,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $118,650 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,004,697 |
| 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. | $848,615 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,972,976 |
| Pension plan accruals and contributions | $362,165 |
| Other employee benefits | $594,272 |
| Payroll taxes | $380,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,854 |
| Fees for services: Accounting | $93,822 |
| Fees for services: Lobbying | $320,613 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,886 |
| Fees for services: Other | $455,738 |
| Advertising and promotion | $26,033 |
| Office expenses | $44,646 |
| Information technology | $131,321 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $76,492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $954,960 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,559 |
| Insurance | $48,498 |
| All other expenses | $29,767 |
| Total functional expenses | $8,779,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,179 |
| Savings and temporary cash investments | $1,450,799 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $711,511 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $87,086 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $244,931 |
| Net Land, buildings, and equipment | $1,463,273 |
| Investments—publicly traded securities | $8,182,265 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,698 |
| Total assets | $12,215,742 |
| Accounts payable and accrued expenses | $452,110 |
| Grants payable | $0 |
| Deferred revenue | $614,976 |
| 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 | $52 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $133,529 |
| Total liabilities | $1,200,667 |
| Net assets without donor restrictions | $11,015,075 |
| 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 | $12,215,742 |