Fispa Inc
- Assets
- $450.8k
- Revenue
- $134.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Hutchinson, KS
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 59-3379948
Organization Overview
Fispa Inc is located in Hutchinson, KS. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fispa Inc 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 12/2021, Fispa Inc generated $134.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $108.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION WAS FOUNDED TO REPRESENT THE INTERESTS OF INTERNET SOLUTION PROVIDERS THROUGH EDUCATIONAL DISCOUTS ON PRODUCTS AND SUPPORT QUALITY STANDARDS AND PRACTICES FOR INTERNET SOLUTION PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE ANNUAL CONVENTION PROVIDES A FORUM FOR CONTACT WITH FELLOW MEMBERS AND VENDORS TO DISCUSS MATTERS OF IMPORTANCE TO INTERNET BASED SERVICE BUSINESSES. MONTHLY WEBINARS ARE AVAILABLE TO THE ASSOCIATION MEMBERS. EACH WEBINAR PROVIDES INFORMATION ON TARGETED TOPICS OF INTEREST TO INTERNET BASED SERVICE BUSINESSES. A "LIST-SERVE" WEB BASED COMMUNITY FORUM PROVIDES CONSTANT CONTACT BETWEEN MEMBERS FOR CURRENT DISCUSSIONS ON DEVELOPING ISSUES IN THE INDUSTRY.
MEMBERSHIP DUES ARE REQUIRED TO PARTICIPATE IN ANY RESALE PROGRAM, TO ATTEND THE ANNUAL CONFERENCE AT A DISCOUNTED PRICE, AND TO BE INCLUDED IN AND HAVE ACCESS TO THE LIST-SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle Ferrell Acctng/oper | Officer | 35 | $49,000 |
Stephanie Nugent Membership D | Officer | 25 | $26,516 |
Paul Chapman Treasurer | OfficerTrustee | 2 | $0 |
Elise Brentnall Secretary | OfficerTrustee | 10 | $0 |
Chris Frost President | OfficerTrustee | 10 | $0 |
Jack Cathey Vice Preside | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $70,305 |
| Investment income | $0 |
| 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 | $64,259 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,564 |
| 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. | $75,516 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,550 |
| Advertising and promotion | $2,024 |
| Office expenses | $2,478 |
| Information technology | $6,588 |
| 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 | $1,616 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,926 |
| All other expenses | $0 |
| Total functional expenses | $108,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,200 |
| Savings and temporary cash investments | $137,179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,135 |
| 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 | $38,292 |
| 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 | $450,806 |
| Accounts payable and accrued expenses | $11,235 |
| Grants payable | $0 |
| Deferred revenue | $170,000 |
| 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 | $181,235 |
| Net assets without donor restrictions | $269,571 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $450,806 |
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