SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING INC Charity Report

Public IRS 990 nonprofit record

SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING INC

EIN 95-2544340 · Mutual & Membership Benefit (Y)

What they do

SEMAS MISSION is to HELP OUR MEMBERS BUSINESSES SUCCEED and PROSPER. OUR MEMBERS ARE THE PRODUCERS and MARKETERS of SPECIALTY EQUIPMENT PRODUCTS and SERVICES for THE AUTOMOTIVE AFTERMARKET. WE WILL DO THIS BY: A. PROACTIVE LEADERSHIP IN OUR INDUSTRY to HELP IT EXPAND DOMESTICALLY and WORLDWIDE. B. DELIVERING PROGRAMS, ACTIVITIES and INFORMATION IN RESPONSE to THE ONGOING and EMERGING NEEDS of OUR MEMBERS. C. EMPHASIZING EDUCATION to HELP MEMBERS FOCUS ON and ACHIEVE ACCEPTABLE WORLD-CLASS QUALITY STANDARDS. D. LEGISLATIVE and REGULATORY ADVOCACY. E. PRODUCING THE INDUSTRYS LEADING TRADE SHOW.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

138.95%of revenue went to mission work100.0% of expenses · Program services

$89.17spent for every $100 of revenueRevenue covered expenses this year.

$2.97in assets for every $1 spent this yearSome assets cannot be spent right away.

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What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $617,349 for MIKE SPAGNOLA (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$20,614,542

Mission workProgram services$28,643,673138.95% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$28,643,673138.95% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2021CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 138.95% of revenue

2020Expense mix: 100.6% mission · 0.0% management · 0.0% fundraisingTotal expenses: 84.62% of revenue

Money in and money out

Revenue$59,257,762

Expenses$52,837,303

Annual surplus $6,420,459 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$28,643,673 · 54.2% of expenses

See all reported dollar amounts

Revenue$59,257,762

Expenses$52,837,303

Assets$156,988,127

Income$88,476,994

Mission work (program services)$28,643,673

Grants given$12,431,305

Average grant$243,751

Stocks and bonds$58,842,125

Accounting fees$141,924

Investing fees$688,138

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MIKE SPAGNOLAPRESIDENT AND CEO · 40 hrs/week $617,349Base $586,689 · Other $30,660

KAREN BAILEY-CHAPMANVP, GOVT & LEGAL AFFAIRS · 40 hrs/week $467,715Base $443,879 · Other $23,836

GEORGE AFREMOWFORMER CFO · 40 hrs/week $425,878Base $386,438 · Other $39,440

TOM GATTUSOVICE PRESIDENT, EVENTS · 40 hrs/week $366,690Base $339,354 · Other $27,336

RJ DE VERAVICE PRESIDENT, MARKETING · 40 hrs/week $365,483Base $342,483 · Other $23,000

WARREN KOSIKOVVICE PRESIDENT, SALES · 40 hrs/week $321,931Base $291,431 · Other $30,500

MICHAEL GOODPRESIDENT, PRI · 40 hrs/week $275,316Base $261,181 · Other $14,135

DARIN D MRAZSR. DIRECTOR IT · 40 hrs/week $262,374Base $238,662 · Other $23,712

WILLIAM MILLERFORMER SENIOR VP, OPERATIONS $217,874

RYAN STUTZMANCFO · 40 hrs/week $193,081Base $183,389 · Other $9,692

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

MIKE SPAGNOLAPRESIDENT AND CEO

KAREN BAILEY-CHAPMANVP, GOVT & LEGAL AFFAIRS

GEORGE AFREMOWFORMER CFO

TOM GATTUSOVICE PRESIDENT, EVENTS

RJ DE VERAVICE PRESIDENT, MARKETING

WARREN KOSIKOVVICE PRESIDENT, SALES

MICHAEL GOODPRESIDENT, PRI

DARIN D MRAZSR. DIRECTOR IT

WILLIAM MILLERFORMER SENIOR VP, OPERATIONS

RYAN STUTZMANCFO

MELANIE WHITECHAIR ELECT

TIM MCCARTHYTREASURER

TED WENTZBOARD MEMBER

STEVE WHIPPLEBOARD MEMBER (THRU 07/24)

RICH BUTLERBOARD MEMBER

NORRIS MARSHALLBOARD MEMBER

MELISSA SCOLESBOARD MEMBER

BILL BADERBOARD MEMBER

MARCUS UMLAUFFBOARD MEMBER

LINDSEY HUBLEYBOARD MEMBER (THRU 07/24)

LARRY MONTANTEBOARD MEMBER (THRU 07/24)

KYLE FICKLERCHAIRMAN

KIM PENDERGASTBOARD MEMBER

KELLY OESTEBOARD MEMBER

KATHRYN REINHARDTBOARD MEMBER

JAMES LAWRENCEIMMEDIATE PAST CHAIR & SECRETARY

DOUG LANEBOARD MEMBER

BRIAN REESEBOARD MEMBER (THRU 07/24)

About this charity

Recognized since: January 1970
Location: 1575 VALLEY VISTA DR, DIAMOND BAR, CA 91765-3914
County: Los Angeles
In care of: % GEORGE T AFREMOW
Primary officer: RYAN STUTZMAN, CFO

How to reach them

WebsiteVisit the charity’s website Phone(909) 978-6707 Officer phone(909) 978-6719

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BAKER TILLY ADVISORY GROUP LP
NTEE classification: Mutual & Membership Benefit (Y)
IRS tax category: Mutual & Membership Benefit
Grant-giving organization: Yes