Self Storage Association
- Assets
- $8.8m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 16
- Location
- Alexandria, VA
- Founding
- 05/1976
- Data as of
- 12/2021
- EIN
- 71-0552035
Organization Overview
Self Storage Association is located in Alexandria, VA. The organization was established in 1976. 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 12/2021, Self Storage Association employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Self Storage 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, Self Storage Association generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $6.1m during the year ending 12/2021. While expenses have increased by 3.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION REPRESENTS THE INTEREST OF OWNERS, OPERATORS, AND SUPPLIERS OF THE SELF STORAGE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP: SELF STORAGE ASSOCIATION WAS FORMED TO PROTECT THE INTEREST OF OWNERS, OPERATORS AND SUPPLIERS OF THE SELF STORAGE INUDSTRY THROUGH EDUCATION, TRAINING, CONVENTIONS AND SEMINARS
MEETINGS AND CONFERENCES: SELF STORAGE PERFORMS MARKET RESEARCH STUDIES AND ADVERTISING TO ENHANCE THE IMAGE OF SELF STORAGE. IT SERVES AS A KNOWLEDGE BROKER TO ITS MEMBERS VIA MEETINGS AND CONFERENCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Dietz President | OfficerTrustee | 50 | $418,136 |
Joe Doherty General Counsel | 40 | $252,520 | |
Derek Knights Director Of Finance And Op | Officer | 40 | $196,876 |
Michael Blackett Senior Staff | 40 | $150,292 | |
Virginia Stengel Senior Staff | 40 | $143,397 | |
Jennifer L Pettigrew Senior Staff | 40 | $129,153 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mgm Grand Hotel Llc Rental Management | 12/30/21 | $455,949 |
Prestige Av Av Services | 12/30/21 | $334,485 |
Carefirst Bcbs (Group Hospital Mgmt) Medical Administration | 12/30/21 | $214,788 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $286,167 |
| 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 | $286,167 |
| Total Program Service Revenue | $6,263,293 |
| Investment income | $13,124 |
| 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 | $6,922,611 |
| 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. | $482,768 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,624,359 |
| Pension plan accruals and contributions | $120,524 |
| Other employee benefits | $148,699 |
| Payroll taxes | $130,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,943 |
| Fees for services: Accounting | $43,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $440,762 |
| Advertising and promotion | $476,877 |
| Office expenses | $357,987 |
| Information technology | $47,969 |
| Royalties | $0 |
| Occupancy | $191,561 |
| Travel | $115,945 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,322 |
| Interest | $0 |
| Payments to affiliates | $7,841 |
| Depreciation, depletion, and amortization | $32,344 |
| Insurance | $31,456 |
| All other expenses | $0 |
| Total functional expenses | $6,075,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,367 |
| Savings and temporary cash investments | $8,374,488 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,321 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $59,393 |
| Prepaid expenses and deferred charges | $74,781 |
| Net Land, buildings, and equipment | $43,449 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,519 |
| Total assets | $8,764,318 |
| Accounts payable and accrued expenses | $348,062 |
| Grants payable | $0 |
| Deferred revenue | $2,202,548 |
| 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 | $12,837 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,563,447 |
| Net assets without donor restrictions | $6,196,498 |
| Net assets with donor restrictions | $4,373 |
| 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 | $8,764,318 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Personal Care Products Council Washington, DC | $26,566,920 | $19,071,135 |
American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |