Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: CONVENTION & TRADE SHOW

  total $46,892,623 · excluded $46,892,623

• 2b · Program service revenue: MEMBERSHIP DUES

  total $4,923,017 · related or exempt $4,923,017

• 2c · Program service revenue: MEMBERSHIP PROGRAMS

  total $1,802,988 · related or exempt $1,802,988

• 2d · Program service revenue: CONFERENCE REVENUE

  total $429,567 · related or exempt $429,567

• 2e · Program service revenue: COUNCIL ACTIVITIES

  total $232,997 · related or exempt $232,997

• 3 · Investment income

  total $4,625,716 · unrelated business -$20,599 · excluded $4,646,315

• 6a · Gross rents

  real property $417,320

• 6b · Less rental expenses

  real property $173,433

• 6c · Rental income or loss

  real property $243,887

• 6d · Net rental income or loss

  total $243,887 · excluded $243,887

• 7a · Gross sales of assets other than inventory

  securities $29,123,466

• 7b · Less cost or other basis and sales expenses

  securities $29,045,799

• 7c · Gain or loss

  securities $77,667

• 7d · Net gain or loss

  total $77,667 · excluded $77,667

• 11a · Other revenue: MISCELLANEOUS

  total $29,300 · excluded $29,300

• 11e · Other revenue, total

  $29,300

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $243,169

• 5 · Compensation of officers, directors and key employees

  total $1,471,442

• 7 · Other salaries and wages

  total $16,665,049

• 9 · Other employee benefits

  total $51,419

• 10 · Payroll taxes

  total $1,199,840

• 11b · Fees: legal

  total $1,012,726

• 11c · Fees: accounting

  total $141,924

• 11d · Fees: lobbying

  total $659,293

• 11f · Fees: investment management

  total $688,138

• 11g · Fees: other

  total $7,004,416

• 12 · Advertising and promotion

  total $2,496,914

• 13 · Office expenses

  total $1,752,757

• 14 · Information technology

  total $1,894,012

• 16 · Occupancy

  total $811,251

• 17 · Travel

  total $1,379,997

• 19 · Conferences, conventions and meetings

  total $10,523,752

• 22 · Depreciation, depletion and amortization

  total $2,177,394

• 23 · Insurance

  total $2,028,375

• 24a · Other expenses: TAXES

  total $367,470

• 24b · Other expenses: ENTERTAINMENT

  total $107,052

• 24c · Other expenses: MISCELLANEOUS

  total $89,783

• 24d · Other expenses: TRADEMARKS

  total $71,130

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,820,914 · end of year $6,883,699

• 2 · Savings and temporary cash investments

  beginning of year $8,422,103 · end of year $10,671,835

• 4 · Accounts receivable

  beginning of year $921,315 · end of year $2,835,185

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,084,638 · end of year $1,491,600

• 10a · Land, buildings and equipment: cost or other basis

  $32,489,508

• 10b · Land, buildings and equipment: accumulated depreciation

  $11,574,547

• 10c · Land, buildings and equipment, net

  beginning of year $21,868,768 · end of year $20,914,961

• 11 · Investments: publicly traded securities

  beginning of year $56,597,284 · end of year $58,842,125

• 12 · Investments: other securities

  beginning of year $32,116,588 · end of year $34,974,715

• 13 · Investments: program-related

  beginning of year $1,000 · end of year $1,000

• 14 · Intangible assets

  beginning of year $6,294,274 · end of year $5,606,846

• 15 · Other assets

  beginning of year $10,755,126 · end of year $14,766,161

• 17 · Accounts payable and accrued expenses

  beginning of year $5,800,754 · end of year $5,482,878

• 19 · Deferred revenue

  beginning of year $26,542,120 · end of year $29,411,459

• 25 · Other liabilities

  beginning of year $31,620 · end of year $31,620

• 27 · Net assets without donor restrictions

  beginning of year $112,507,516 · end of year $122,062,170

The filer's explanations (Part III)

PART I, LINE 1A

TRAVEL FOR COMPANIONS - WHEN ACCOMPANIED BY HIS SPOUSE THE PRESIDENT/CEO WILL BE REIMBURSED FOR REASONABLE AND NECESSARY BUSINESS EXPENSES INCURRED.

PART I, LINE 4A

WILLIAM MILLER AND GEORGE AFREMOW RECEIVED SEVERANCE DURING THE YEAR. DETAILS OF THE AGREEMENT ARE CONFIDENTIAL BUT ARE AVAILABLE UPON REQUEST.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SEMA GARAGE DETROIT LLC

  TO PROVIDE MANUFACTURERS WITH ACCESS TO ADVANCED PRODUCT DEVELOPMENT TOOLS · MI · income $501,216 · assets $2,138,759

  Directly controlled by SEMA

• SEMA GARAGE DIAMOND BAR LLC

  TO PROVIDE MANUFACTURERS WITH ACCESS TO ADVANCED PRODUCT DEVELOPMENT TOOLS · CA · income $1,086,498 · assets $958,367

  Directly controlled by SEMA

• SEMA CERTIFIED EMISSIONS LLC

  EMISSIONS TESTING · CA · income $151,200 · assets $4,026,583

  Directly controlled by SEMA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• PERFORMANCE AFTERMARKET PUBLICATION INC

  C · PUBLISHING · CA · 100% owned · share of income $225,997 · share of assets $2,584,923 · controlled entity

  Directly controlled by SEMA