Nonprofit · EIN 06-0607885
SPRING MANUFACTURERS INSTITUTE INC
Tax-exempt · ELGIN, IL 60123
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $706,770 | $549,085 | $157,685 | $279,069 | $47,654 | $231,415 |
| December 31, 2023 | 990 | $646,416 | $627,449 | $18,967 | -$372,200 | -$597,117 | $224,917 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $27,500
- Program service revenue
- $645,911
- Investment income
- $141
- Net income from sales of inventory
- $30,593
- Other revenue
- $33,218
Expenses
- Grants and similar amounts paid
- $25,000
- Compensation of officers, directors and key employees
- $105,595
- Other salaries and wages
- $21,071
- Salaries, compensation and benefits (total)
- $134,937
- Professional fundraising fees
- $0
- Legal fees
- $1,938
- Accounting fees
- $20,849
- Occupancy
- $10,004
- Travel
- $711
Balance sheet and other
- Total assets, start of year
- -$372,200
- Total assets, end of year
- $279,069
- Total liabilities, end of year
- $47,654
- Net assets, end of year
- $231,415
- Net assets without donor restrictions
- $220,415
- Net assets with donor restrictions
- $11,000
- Gross receipts
- $708,637
- Employees
- 3
- Volunteers
- 20
- Year formed
- 1979
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GARY MCCOY | EXECUTIVE DIRECTOR Officer | 25 | $81,375 | $49,875 | $39,065 |
| TIM BIANCO | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| GENE HUBER JR | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DON JACOBSON III | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DAVID DEVOE | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DAVE DEERWESTER | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOE DEVANY | AT LARGE EXECUTIVE Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| TIM ZWIT | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| TONY PESARESI | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| ALEX MELNIKOW | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| DON LYONS | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| KEITH PORTER JR | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| LINDA FROEHLICH | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| ADAM JACOBSON | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| MARKUS ARNOLD | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JODI BOLDENOW | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 |
| BERNIE TAYLOR | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 |
| MONICA SHAFFER | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GARY MCCOY | EXECUTIVE DIRECTOR Officer | 28 | $88,750 | $36,250 | $24,177 |
| LYNNE CARR | EXECUTIVE DIRECTOR Officer | 28 | $60,687 | $24,788 | $1,073 |
| GENE HUBER JR | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DON JACOBSON III | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DAVID DEVOE | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DAVE DEERWESTER | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOE DEVANY | BOARD OF DIRECTOR Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| TIM ZWIT | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| TONY PESARESI | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| ALEX MELNIKOW | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| DON LYONS | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| KEITH PORTER JR | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| LINDA FROEHLICH | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| ADAM JACOBSON | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| MARKUS ARNOLD | BOARD OF DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2275 VALLEY CREEK DR SUITE G, ELGIN, IL 60123-2513
- Principal officer (990 for 2024)
- DON JACOBSON, PO BOX 5668, ELGIN, IL 601215668
- Signed the 990
- GARY MCCOY, EXECUTIVE DIRECTOR
- Phone
- (847) 450-6848
- Website
- WWW.SMIHQ.ORG
- Return prepared by
- MANN WEITZ & ASSOCIATES LLC
Mission
SERVING, SUPPORTING AND EDUCATING NORTH AMERICAN PRECISION SPRING MANUFACTURERS IN THEIR PURSUIT OF COMPETITIVENESS IN WORLD MARKETS.
Program accomplishments
- MEETINGS - SMI ATTENDED FIVE REGIONAL MEETINGS IN 2024.
- SPRING DESIGN SOFTWARE DESIGNED BY MEMBERS OF THE INSTITUTE & USED BY FIRMS/INDIVIDUALS INVOLVED IN THE PRODUCTION OR DESIGN OF PRECISION MECHANICAL SPRINGS FOR EDUCATIONAL PURPOSES.
- THE SPRING MEETING (110 REGISTRANTS) IS HELD TO SERVE THE EDUCATIONAL & PROFESSIONAL NEEDS OF MEMBERS AND NONMEMBERS IN THE SPRING MANUFACTURING INDUSTRY.
- EDUCATIONAL SEMINARS - TO EDUCATE ENGINEERS ON DESIGNING SPRINGS, TO CHOOSE THE CORRECT MATERIAL FOR THE SPRINGS AND TO MAKE DESIGNS BASED ON CUSTOMER SPECIFICATIONS.
- SCHOLARSHIP PROGRAM, BENCHMARKING AND TECHNICAL PRODUCTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-0607885
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $279,069
- Income (IRS master file)
- $708,637
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $706,770 | $549,085 | $279,069 | XML |
| 990 | December 2023 | $646,416 | $627,449 | -$372,200 | XML |
| 990 | December 2022 | $651,525 | $728,538 | $28,491 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-0607885).
Questions about SPRING MANUFACTURERS INSTITUTE INC
- What is the EIN of SPRING MANUFACTURERS INSTITUTE INC?
- The employer identification number (EIN) of SPRING MANUFACTURERS INSTITUTE INC is 06-0607885.
- Is SPRING MANUFACTURERS INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1942.
- Are donations to SPRING MANUFACTURERS INSTITUTE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SPRING MANUFACTURERS INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SPRING MANUFACTURERS INSTITUTE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPRING MANUFACTURERS INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SPRING MANUFACTURERS INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names DON JACOBSON.
- Who are the officers and directors of SPRING MANUFACTURERS INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 1 received compensation from the organization, the highest $81,375 (GARY MCCOY, EXECUTIVE DIRECTOR).
- How much revenue does SPRING MANUFACTURERS INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $706,770, expenses of $549,085 and total assets of $279,069 at year end.
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