Security Industry Alarm Coalition
- Assets
- $480.1k
- Revenue
- $642.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Frisco, TX
- Founding
- 05/2003
- Data as of
- 12/2023
- EIN
- 06-1661424
Organization Overview
Security Industry Alarm Coalition is located in Frisco, TX. The organization was established in 2003. 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, Security Industry Alarm Coalition employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Security Industry Alarm Coalition 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, Security Industry Alarm Coalition generated $642.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $710.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 9 years. 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
TO CREATE A STRUCTURE FOR ALL INTERESTED PARTIES TO COME TOGETHER UNDER THE BANNER OF "DISPATCH REDUCTION AND "ALARM MANGEMENT AND THROUGH A COORDINATED EFFORT MAXIMIZE THE IMPACT OF FALSE DISPATCH & ALARM MANAGEMENT ACROSS NORTH AMERICA BY MAINTAINING A LIAISON WITH NATIONAL OR STATE LAW ENFORCEMENT LEADERSHIP, WHILE EDUCATING AND EMPOWERING LOCAL ALARM COMMUNITIES TO PROACTIVELY FOSTER RELATIONSHIPS WITH LAW ENFORCEMENT BEFORE A CRISIS EXISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAW ENFORCEMENT OUTREACH - TRAINING/SUPPORT - ATTEND LOCAL, STATE & NATIONAL LAW ENFORCEMENT MEETINGS TO SHARE OUR BEST PRACTICES AND MODEL ORDINANCES TO HELP THEM MANAGE ALARM OPERATIONS. ALSO ATTEND COUNCIL MEETINGS AND WORKSHOPS SUPPORTING CHIEFS AND SHERIFFS BY ANSWERING QUESTIONS AND SHARING KNOWLEDGE. AS A RESULT HUNDREDS OF ORDINANCES GET MODIFIED EACH YEAR BASED ON OUR RECOMMENDATIONS.
ALARM MANAGEMENT COMMITTEE FACILITATION - ATTEND STATE CHIEFS OF POLICE ASSOCIATION MEETINGS TO HELP SET-UP, MANAGE OR FACILLITATE ALARM COMMITTEES MADE UP OF CHIEFS AND LOCAL/STATE ALARM DEALERS TO HELP THEM COMMUNICATE BETTER AND SELF-REGULATE (MANAGE) ALARM ISSUES. NOW HAVE 22 STATE CHIEFS COMMITTEES IN PLACE. ONCE FORMED WE CONTINUE TO SERVICE THESE COMMITTEES AND RECOMMEND JOINT ORDINANCES TO ALL OTHER LAW ENFORCEMENT WITHIN THE STATE.
ALARM DEALER OUTREACH/TRAINING/ORDINANCE SUPPORT - WE ATTEND STATE, LOCAL AND REGIONAL MEETINGS EXPLAINING BEST PRACTICES WE PROMOTE TO LAW ENFORCEMENT AND COOPERATIVE EFFORTS REQUIRED BY THEM TO SUPPORT THE NATIONAL EFFORT. TOUCH HUNDRED IF NOT A THOUSAND OR MORE DEALERS EACH YEAR WITH OUR OUTREACH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Bonifas Director | Trustee | 1 | $0 |
Brandon Freedman Director | Trustee | 1 | $0 |
Tony Mucci Director | Trustee | 1 | $0 |
Tim Creenan Chairman | Trustee | 1 | $0 |
Holly Borgmann Director | Trustee | 1 | $0 |
Kevin Stone Director | Trustee | 1 | $0 |
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 | $634,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $634,773 |
| Total Program Service Revenue | $0 |
| Investment income | $8,076 |
| 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 | $642,849 |
| 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. | $299,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,958 |
| Pension plan accruals and contributions | $28,318 |
| Other employee benefits | $0 |
| Payroll taxes | $21,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,559 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $27,156 |
| Information technology | $1,040 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,898 |
| All other expenses | $7,593 |
| Total functional expenses | $710,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,857 |
| Savings and temporary cash investments | $385,210 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $480,067 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $480,067 |
| Total liabilities and net assets/fund balances | $480,067 |