Semiconductor Industry Association
- Assets
- $15.1m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Washington, DC
- Founding
- 01/1978
- Data as of
- 12/2023
- EIN
- 94-2437024
Organization Overview
Semiconductor Industry Association is located in Washington, DC. The organization was established in 1978. 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 12/2023, Semiconductor Industry Association employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Semiconductor 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 12/2023, Semiconductor Industry Association generated $15.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $14.6m during the year ending 12/2023. While expenses have increased by 11.1% per year over the past 9 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL POLICY - SUPPORT OF ACCESS TO FOREIGN MARKETS, NON-DISCRIMINATORY AND MARKET-BASED TRADE POLICIES, AND STRONG PROTECTION OF INTELLECTUAL PROPERTY.
ADVOCACY - ADVOCACY ON BEHALF OF THE INDUSTRY ON POLICY PRIORITIES SUCH AS TRADE, TAX REFORM, IMMIGRATION REFORM, EXPORT CONTROLS, RESEARCH FUNDING, ENVIRONMENT, ANTI-COUNTERFEITING, AND INTELLECTUAL PROPERTY.
COMMUNICATION AND EVENTS - PROVIDING INFORMATION TO THE PUBLIC ANDPOLICYMAKERS ON THE SEMICONDUCTOR INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Johnson Chair | OfficerTrustee | 1 | $0 |
Richard Templeton Vice Chair | OfficerTrustee | 1 | $0 |
Dr Lisa Su Director | Trustee | 1 | $0 |
Vincent Roche Director | Trustee | 1 | $0 |
Mark Brazeal Director | Trustee | 1 | $0 |
John Forsyth Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laurie S Beu Consulting Environmental Consulting | 12/30/23 | $599,855 |
Gradient Environmental Testing | 12/30/23 | $415,346 |
Melissa Gresham Environmental Consulting | 12/30/23 | $291,018 |
Mike Williams & Associates Management And Financial Services | 12/30/23 | $226,435 |
Meeting Tomorrow Meeting Production And Logistics Managem | 12/30/23 | $225,388 |
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 | $15,379,068 |
| Investment income | $508,087 |
| 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 | $15,887,155 |
| 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. | $2,864,698 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,078,041 |
| Pension plan accruals and contributions | $173,282 |
| Other employee benefits | $618,740 |
| Payroll taxes | $216,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $720,446 |
| Fees for services: Accounting | $41,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,857,997 |
| Advertising and promotion | $5,000 |
| Office expenses | $80,774 |
| Information technology | $130,423 |
| Royalties | $139,123 |
| Occupancy | $461,195 |
| Travel | $458,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,194,856 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,602 |
| Insurance | $69,943 |
| All other expenses | $19,761 |
| Total functional expenses | $14,626,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,706,211 |
| Savings and temporary cash investments | $9,851,102 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $199,837 |
| 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 | $192,663 |
| Net Land, buildings, and equipment | $45,517 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,068,378 |
| Total assets | $15,063,708 |
| Accounts payable and accrued expenses | $1,031,401 |
| Grants payable | $0 |
| Deferred revenue | $4,961,083 |
| 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 | $1,115,919 |
| Total liabilities | $7,108,403 |
| Net assets without donor restrictions | $7,955,305 |
| 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 | $15,063,708 |