Sigis Special Interest Group For Iias Standards
- Assets
- $7.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 7
- Location
- San Ramon, CA
- Founding
- 12/2008
- Data as of
- 12/2023
- EIN
- 75-3262530
Organization Overview
Sigis Special Interest Group For Iias Standards, operating under the name Sigis, is located in San Ramon, CA. The organization was established in 2008. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. As of 12/2023, Sigis employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sigis 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, Sigis generated $1.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SIGIS IS AN ASSOCIATION OF COMPANIES WITH A COMMON BUSINESS INTEREST- THE DEVELOPMENT AND MANAGEMENT OF STANDARDS TO MEET IRS REQUIREMENTS FOR OPERATING AN INVENTORY INFORMATION APPROVAL SYSTEM (AN "IIAS") FOR HEALTHCARE PAYMENT CARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIGIS CERTIFICATION PROGRAM FOR IIAS SYSTEMS THAT COMPLY WITH THE SIGIS SPECIFICATION, INCLUDING THE DEVELOPMENT OF THE CERTIFICATION PROGRAM, OPERATIONS OF THE PROGRAM, AND THE WEB POSTING OF ALL CERTIFIED DBA LOCATIONS UPON COMPLETION.
CREATION AND ADMINISTRATION OF 90% REGISTRATION PROGRAM OR MERCHANTS WHO DO NOT NEED TO CERTIFY BASED ON 90% RULE.
INDUSTRY COMMUNICATION, EDUCATION, AWARENESS AND PROMOTION OF THE SIGIS SPECIFICATION, AND MAINTENANCE OF A WEB PRESENCE TO PERMIT ALL THREE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Mcarton President And Director | OfficerTrustee | 2 | $0 |
Matt Dallahan Treasurer And Director | OfficerTrustee | 2 | $0 |
Rachel Rouleau Vice President And Director | OfficerTrustee | 1 | $0 |
Paul Aaron Director | Trustee | 1 | $0 |
Jeff Protextor Director | Trustee | 1 | $0 |
Chris Rodkey Director | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,482,842 |
| Investment income | $182,024 |
| 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 | $1,665,166 |
| 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 | $1,236,285 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $183,063 |
| Payroll taxes | $53,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,095 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,372 |
| Advertising and promotion | $0 |
| Office expenses | $1,195 |
| Information technology | $141,365 |
| Royalties | $0 |
| Occupancy | $51,513 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,629 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,331 |
| Insurance | $15,529 |
| All other expenses | $0 |
| Total functional expenses | $1,832,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,710 |
| Savings and temporary cash investments | $274,506 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,908 |
| 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 | $43,454 |
| Net Land, buildings, and equipment | $44,061 |
| Investments—publicly traded securities | $6,300,473 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,010,112 |
| Accounts payable and accrued expenses | $439,331 |
| Grants payable | $0 |
| Deferred revenue | $914,312 |
| 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 | $1,353,643 |
| Net assets without donor restrictions | $5,656,469 |
| 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 | $7,010,112 |