Storage Networking Industry Association
- Assets
- $5.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Santa Clara, CA
- Founding
- 09/1998
- Data as of
- 11/2023
- EIN
- 77-0473194
Organization Overview
Storage Networking Industry Association is located in Santa Clara, CA. The organization was established in 1998. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 11/2023, Storage Networking Industry Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storage Networking Industry 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 11/2023, Storage Networking Industry Association generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $1.9m during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LEAD THE STORAGE INDUSTRY WORLDWIDE IN DEVELOPING AND PROMOTING STANDARDS, TECHNOLOGIES, AND EDUCATIONAL SERVICES TO EMPOWER ORGANIZATIONS IN THE MANAGEMENT OF INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKSHOPS, CONVENTIONS AND MEETINGS TO PROMOTE COORDINATION AND GROWTH IN THE DEVELOPMENT OF STORAGE NETWORKING SYSTEMS. PROVIDE TRAINING AND EDUCATION. PROVIDE A REFERRAL SYSTEM AND AN INFORMATION NETWORK FOR COMPANIES WITHIN THE STORAGE NETWORKING TECHNOLOGY FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Meleedy Director | OfficerTrustee | 40 | $190,218 |
Arnold E Jones Technical Director | 40 | $145,808 | |
Thomas F Mancuso Senior Program Man | 40 | $132,934 | |
Sue Amarin Treasurer | OfficerTrustee | 15 | $0 |
Wayne Adams Director | Trustee | 15 | $0 |
William Martin Director | Trustee | 15 | $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 | $2,333,552 |
| Investment income | $106,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$203,008 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,237,297 |
| 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. | $190,218 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $405,788 |
| Pension plan accruals and contributions | $24,475 |
| Other employee benefits | $7,291 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,013 |
| Fees for services: Accounting | $74,830 |
| 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 | $1,110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40,181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164,134 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,335 |
| Insurance | $118,218 |
| All other expenses | $118,808 |
| Total functional expenses | $1,934,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $778,087 |
| Savings and temporary cash investments | $155,074 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,062,213 |
| 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 | $24,757 |
| Net Land, buildings, and equipment | $717 |
| Investments—publicly traded securities | $3,011,638 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,032,486 |
| Accounts payable and accrued expenses | $95 |
| Grants payable | $0 |
| Deferred revenue | $1,526,599 |
| 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 | $232,878 |
| Total liabilities | $1,759,572 |
| Net assets without donor restrictions | $3,272,914 |
| 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 | $5,032,486 |