Civic Intelligence

Spri Inc

990 • Fiscal year 2025 • EIN 36-3169484

Mar 01, 2024 to Feb 28, 2025 • Filed on Sep 26, 2025

60 Hickory Drive 6100Waltham, MA 02451

(781) 647-7026

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

0.68x

Higher debt load relative to assets than 93% of similar nonprofits.

2025 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

84th percentile

0.50x

Higher debt load relative to revenue than 84% of similar nonprofits.

2025 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

39th percentile

1.6%

Higher net margin than 39% of similar nonprofits.

2025 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2025 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

47th percentile

4.5%

Faster asset growth than 47% of similar nonprofits.

2025 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

60th percentile

7.7%

Faster revenue growth than 60% of similar nonprofits.

2025 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$768,549

Down $72,425 (-8.6%) from 2022

Net Assets

Down

$244,455

Down $158,389 (-39%) from 2022

Liabilities

Up

$524,094

Up $85,964 (+20%) from 2022

Revenue

Up

$1,055,925

Up $205,151 (+24%) from 2022

Expenses

Up

$1,038,701

Up $247,203 (+31%) from 2022

Net Income

Down

$17,224

Down $42,052 (-71%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $490,687Liabilities 2011: $55,385Net Assets 2011: $435,3022011Assets 2012: $491,438Liabilities 2012: $56,782Net Assets 2012: $434,6562012Assets 2013: $522,468Liabilities 2013: $47,752Net Assets 2013: $474,7162013Assets 2014: $626,496Liabilities 2014: $120,016Net Assets 2014: $506,4802014Assets 2015: $668,837Liabilities 2015: $154,982Net Assets 2015: $513,8552015Assets 2017: $681,647Liabilities 2017: $56,680Net Assets 2017: $624,9672017Assets 2018: $849,816Liabilities 2018: $148,440Net Assets 2018: $701,3762018Assets 2019: $812,946Liabilities 2019: $92,777Net Assets 2019: $720,1692019Assets 2020: $783,528Liabilities 2020: $98,218Net Assets 2020: $685,3102020Assets 2022: $840,974Liabilities 2022: $438,130Net Assets 2022: $402,8442022Assets 2025: $768,549Liabilities 2025: $524,094Net Assets 2025: $244,4552025

Highlighted filing

2025

Assets$768,549
Liabilities$524,094
Net Assets$244,455

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $495,4692011Expenses 2012: $519,3972012Expenses 2013: $519,8372013Revenue 2014: $602,026Expenses 2014: $570,262Net Income 2014: $31,7642014Revenue 2015: $678,172Expenses 2015: $670,797Net Income 2015: $7,3752015Revenue 2017: $754,548Expenses 2017: $706,381Net Income 2017: $48,1672017Revenue 2018: $794,624Expenses 2018: $711,739Net Income 2018: $82,8852018Revenue 2019: $769,248Expenses 2019: $753,266Net Income 2019: $15,9822019Revenue 2020: $831,965Expenses 2020: $882,547Net Income 2020: -$50,5822020Revenue 2022: $850,774Expenses 2022: $791,498Net Income 2022: $59,2762022Revenue 2025: $1,055,925Expenses 2025: $1,038,701Net Income 2025: $17,2242025

Highlighted filing

2025

Revenue$1,055,925
Expenses$1,038,701
Net Income$17,224
Jump To
Filing Snapshot
Filing Period
Mar 1, 2024 to Feb 28, 2025
Signed
Sep 26, 2025
Return Version
2024v5.2
Gross Receipts
$1,055,925
Mission and Program Overview

Mission

To increase the impact of its members in the marketplace, and to further expand the usage of their products and services through the exchange, development, and publication of technical and marketing information.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$428,714$452,690▲ $23,976
Accounts Receivable$98,028$153,147▲ $55,119
Cash and Non-Interest-Bearing Accounts$164,180$106,326▼ $57,854
Prepaid Expenses and Deferred Charges$44,772$56,386▲ $11,614
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$735,694$768,549▲ $32,855
Liabilities
Deferred Revenue$454,531$479,883▲ $25,352
Accounts Payable and Accrued Expenses$62,625$44,211▼ $18,414
Total Liabilities$517,156$524,094▲ $6,938
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$218,538$244,455▲ $25,917
Total Net Assets Fund Balance$218,538$244,455▲ $25,917
Total Liabilities and Net Assets / Fund Balance$735,694$768,549▲ $32,855

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$1,456$1,456
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad Van DamImmediate Past President
Scott CarpenterPresident
Brian ChamberlanPresident-elect
Bob LeclareAssociate Director
Chris MaderAssociate Director
Colin GriswoldAssociate Director
Dan WiseAssociate Director
Rick MontoyaAssociate Director
Warren BarberAssociate Director
Al JanniDirector
Frank GrecoDirector
Helmut BakerDirector
Jim KirbyDirector
Joel KingDirector
Jordan ScottDirector
Keith BergDirector
Kyle BoyceDirector
Lance ReedDirector
Mark MalinDirector
Matt MitchellDirector
Matt SayerDirector
Mike GiangiacomoDirector
Mike GulleyDirector
Ryan Van WertDirector
Steve WaddingDirector
Theodore YoungDirector
Walter McintoshDirector
Mike DarschSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Chadwick Collins (tk Sebastian Llc)Technical Consulting Services3128 GRANDVIEW WAY, Westfield, IN 46074$216,413
Center For Association Management INCManagement Services60 HICKORY DRIVE UNIT 6100, Waltham, MA 02451$146,833
The Hickman GroupBuilding Code Consultation1140 NW 95TH AVE, Plantation, FL 33322$104,193
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,039,683
Investment Income
$15,283
Other Revenue
$959
Change in Net Assets
$17,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,038,701
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$325,180--$325,180
Conferences and Meetings$156,234$5,952-$162,186
Fees for Services Management$126,420$20,580-$147,000
Fees for Services Other$105,020--$105,020
Fees for Services Legal-$58,408-$58,408
All Other Expenses$46,488$8,462-$54,950
Advertising$46,654--$46,654
Fees for Services Accounting-$28,249-$28,249
Other Expenses$16,362$1,317-$16,362
Office Expenses$1,881$3,717-$5,598
Insurance-$3,310-$3,310
Total Functional Expenses$908,706$129,995$0$1,038,701
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The members elect the 8 associate members of the governing body or their delegates.

Form 990, Part VI, Section A, Line 7A

The members elect the 8 associate members of the governing body or their delegates.

Form 990, Part VI, Section A, Line 7B

The members approve any changes in the by-laws of the organization.

Form 990, Part VI, Section A, Line 8B

Each committee does not have the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The committee reviews the form 990 before it is signed and filed.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Spri Inc
EIN
36-3169484
Phone
7816477026
Address
60 HICKORY DRIVE 6100, WALTHAM, MA 02451

Signing Officer

Name
Scott Carpenter
Title
President
Phone
6159372708
Signed
2025-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Carpenter
Formed
1996
Legal Domicile
Md
Voting Board Members
28
Independent Board Members
28
Employees
0
Volunteers
40

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Joyce Ripianzi CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Codes support: program service expenses 105,020. Management and general expenses 0. Fundraising expenses 0. Total expenses 105,020.

Financial Statement Notes

PART X, LINE 2:

The association accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. The association has determined that there are no uncertain tax positions that qualify for either recognition or disclosure in the financial statements on february 28, 2025. The association's information returns are subject to examination by the federal and state jurisdictions.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/TitleTxt0IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASSOCIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASSOCIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASSOCIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASSOCIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20ASSOCIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21ASSOCIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt028
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01055925
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt028
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0325180
IRS990/InformationTechnologyGrp/TotalAmt0325180
IRS990/InsuranceGrp/ManagementAndGeneralAmt03310
IRS990/InsuranceGrp/TotalAmt03310
IRS990/InvestmentIncomeGrp/ExclusionAmt015283
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015283
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01456
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt01456
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO INCREASE THE IMPACT OF ITS MEMBERS IN THE MARKETPLACE, AND TO FURTHER EXPAND THE USAGE OF THEIR PRODUCTS AND SERVICES THROUGH THE EXCHANGE, DEVELOPMENT, AND PUBLICATION OF TECHNICAL AND MARKETING INFORMATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0218538
IRS990/NetAssetsOrFundBalancesEOYAmt0244455
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt08693
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0218538
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0244455
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03717
IRS990/OfficeExpensesGrp/ProgramServicesAmt01881
IRS990/OfficeExpensesGrp/TotalAmt05598
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0STATISTICAL REPORTS
IRS990/OtherExpensesGrp/Desc1EVENTS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3TRADE SHOWS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01317
IRS990/OtherExpensesGrp/ProgramServicesAmt033002
IRS990/OtherExpensesGrp/ProgramServicesAmt126981
IRS990/OtherExpensesGrp/ProgramServicesAmt224484
IRS990/OtherExpensesGrp/ProgramServicesAmt316362
IRS990/OtherExpensesGrp/TotalAmt033002
IRS990/OtherExpensesGrp/TotalAmt126981
IRS990/OtherExpensesGrp/TotalAmt225801
IRS990/OtherExpensesGrp/TotalAmt316362
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0959
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IRS990/OtherRevenueTotalAmt0959
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IRS990/PrincipalOfficerNm0SCOTT CARPENTER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES AND AS
IRS990/ProgramServiceRevenueGrp/Desc1CONFERENCES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0817094
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1222589
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0817094
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1222589
IRS990/ProgSrvcAccomActy2Grp/Desc0CONFERENCES, CONVENTIONS AND MEETINGS WHICH PROVIDE THE OPPORTUNITY FOR ALL MEMBERS OF THE INDUSTRY TO GATHER AND DISCUSS ISSUES, PROBLEMS, ETC.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0338148
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0222589
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATIONAL PROGRAMS WHICH PROVIDE NEW IDEAS, UPDATES AND EXCHANGE OF INFORMATION WITHIN THE FIELD. REPORTS RELATED TO THE INDUSTRY WHICH PROVIDE INFORMATION TO MEMBERS SO THAT THEY MAY MONITOR PRODUCT USAGE BY GENERIC TYPE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0176140

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