2025-02-17T10:12:03-06:00 2024-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2023-07-01 205938240 SPECIALTY EQUIPMENT WARRANTY ALLIANCE SPEC 9099786707 1575 S VALLEY VISTA DRIVE DIAMOND BAR CA 91765 RYAN STUTZMAN CFO 9099786719 2025-02-13 1 1 LAUREN A HAVERLOCK P00545829 8185771900 2025-02-13 2023 2025-03-06 01:10:19Z SEMA DATA MIKE SPAGNOLA 1575 S VALLEY VISTA DRIVE DIAMOND BAR CA 91765 3272142 0 X WWW.SEMADATA.ORG X 2006 CA THE SEMA DATA MISSION IS TO SUPPORT THE AFTERMARKET AUTO PRODUCTS INDUSTRY, INCREASE SALES OF SPECIALTY AUTO PARTS AND ACCESSORIES THROUGH THE CREATION OF A UNIVERSALLY ADOPTED CENTRALIZED DATA REPOSITORY FOR THE SEMA MARKET AND TO ENCOURAGE, EDUCATE AND TRAIN SUPPLIERS TO TAKE OWNERSHIP OF, AND MAINTAIN THEIR PRODUCT DATA. 4 4 22 4 0 0 1479900 1026906 1994336 2245236 0 0 0 0 3474236 3272142 0 0 0 0 2097008 2076918 0 0 0 1797024 1535939 3894032 3612857 -419796 -340715 886439 555376 270982 280634 615457 274742 X SEE SCHEDULE OTHE SEMA DATA PROGRAM MISSION IS TO SUPPORT THE AFTERMARKET AUTO PRODUCTS INDUSTRY, INCREASE SALES OF SPECIALTY AUTO PARTS AND ACCESSORIES THROUGH THE CREATION OF A UNIVERSAL ADOPTED CENTRALIZED DATA REPOSITORY FOR THE SEMA MARKET, AND TO ENCOURAGE, EDUCATE AND TRAIN SUPPLIERS TO TAKE OWNERSHIP OF, AND MAINTAIN THEIR PRODUCT DATA. THIS IS BEING ACCOMPLISHED WITH THE DESIGN AND IMPLEMENTATION OF A SOPHISTICATED PRODUCT INFORMATION MANAGEMENT SOLUTION (PIMS) THAT INCLUDES COMPREHENSIVE ONLINE TOOLS FOR SUPPLIERS TO ON-BOARD, VALIDATE TO INDUSTRY STANDARDS AND SECURELY STORE AND DISTRIBUTE THEIR PRODUCT DATA, SUPPLEMENTED BY COMPREHENSIVE LIVE HELP DESK SERVICES AS NEEDED. ADDITIONALLY, RECEIVERS OF PRODUCT DATA ARE PROVIDED PRODUCT DATA EXPORTS DESIGNED ESPECIALLY TO THEIR SPECIFIC FORMATTING REQUIREMENTS, AND CAN MANAGE CONTENT, FREQUENCY AND DELIVERY FORMAT OF DATA EXPORTS THROUGH AN ONLINE INTERFACE. 0 0 SEE SCHEDULE OTHE SEMA DATA PROGRAM MISSION IS TO SUPPORT THE AFTERMARKET AUTO PRODUCTS INDUSTRY, INCREASE SALES OF SPECIALTY AUTO PARTS AND ACCESSORIES THROUGH THE CREATION OF A UNIVERSALLY ADOPTED CENTRALIZED DATA REPOSITORY FOR THE SEMA MARKET AND TO ENCOURAGE, EDUCATE AND TRAIN SUPPLIERS TO TAKE OWNERSHIP OF, AND MAINTAIN THEIR PRODUCT DATA. THIS IS BEING ACCOMPLISHED WITH THE DESIGN AND IMPLEMENTATION OF A SOPHISTICATED PRODUCT INFORMATION MANAGEMENT SOLUTION (PIMS) THAT INCLUDES COMPREHENSIVE ONLINE TOOLS FOR SUPPLIERS TO ONBOARD, VALIDATE TO INDUSTRY STANDARDS AND SECURELY STORE AND DISTRIBUTE THEIR PRODUCT DATA, SUPPLEMENTED BY COMPREHENSIVE LIVE HELP DESK SERVICES AS NEEDED. ADDITIONALLY, RECEIVERS OF PRODUCT DATA ARE PROVIDED PRODUCT DATA EXPORTS DESIGNED ESPECIALLY TO THEIR SPECIFIC FORMATTING REQUIREMENTS, AND CAN MANAGE CONTENT, FREQUENCY AND DELIVERY FORMAT OF DATA EXPORTS THROUGH AN ONLINE INTERFACE.SEMA DATA ACQUIRED PARTSHUB, A COMPREHENSIVE CATALOG MANAGEMENT SOLUTION THAT WILL ENHANCE A PARTICIPATING MANUFACTURER'S ABILITY TO CREATE AND UPDATE INDUSTRY STANDARDIZED PRODUCT INFORMATION, REGARDLESS OF THEIR PRODUCT DATA KNOWLEDGE OR EXPERTISE.INTEGRATING PARTSHUB'S INTERFACE WITH THE SDC PRODUCT INFORMATION MANAGEMENT SYSTEM MAKES IT EASY FOR MANUFACTURERS TO ORGANIZE AND UPDATE THEIR DATA FOR INDUSTRY RESELLERS. THE UPDATED INTERFACE ALSO ALLOWS POSSIBLE DATASETS THAT CAN EASILY BE EXPORTED IN FORMATS THAT MEET RESELLER NEEDS.ADDITIONAL FEATURES INCLUDE: CLOUD-BASED, ALL-IN-ONE SOLUTION FOR PIES/ACES/DIGITAL ASSETS, IN-LINE EDITS AND REAL-TIME VALIDATIONS, BUILT-IN WORKFLOWS WITH VIEW ONLY AND EDIT PERMISSIONS, IMPORT AND EXPORT TO EXCEL OR BULK EDIT IN-APP, RECEIVER-SPECIFIC SCORECARDS AND READINESS REPORTS, ONE-CLICK EXPORTS TO RESELLERS (XML, XLS, ETC.), COMMENTING SYSTEM FOR SEAMLESS COLLABORATION 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 22 1 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 0 0 0 X RYAN STUTZMAN 9099786719 1575 SOUTH VALLEY VISTA DRIVE DIAMOND BAR CA 91765 KYLE FICKLER CHAIR ELECT THRU 07/23), CHAIRMAN (AS OF 07/23) 3.00 7.00 X X 0 0 0 JAMES LAWRENCE CHAIR THRU 07 23),IM PAST CHAIR/SEC. (AS OF 07/23) 3.00 7.00 X X 0 0 0 MELANIE WHITE BOARD MEM THRU 07/23),CHAIR ELECT (AS OF 07/23) 3.00 7.00 X X 0 0 0 TIM MCCARTHY TREASURER 3.00 7.00 X X 0 0 0 TIM MARTIN SECRETARY (THRU 07/23) 3.00 7.00 X X 0 0 0 GEORGE AFREMOW VP & CFO (THRU 05/24) 1.00 42.00 X 0 357923 31040 RYAN STUTZMAN CFO (AS OF 05/24) 1.00 42.00 X 0 0 0 MIKE SPAGNOLA PRESIDENT & CEO 1.00 42.00 X 0 643791 31000 GIGI HO VICE PRESIDENT 40.00 0.00 X 247525 0 15748 KENNETH SHERN SOFTWARE DEVELOPER 40.00 0.00 X 148606 0 0 ROBERT WATSON SALES MANAGER 40.00 0.00 X 151248 0 7375 DARROW BLAKE SOFTWARE DEVELOPER 40.00 0.00 X 129628 0 9647 STEPHANIE JONES BUSINESS DIRECTOR 40.00 0.00 X 123704 0 7348 DYLAN COPPELLA LEAD SOFTWARE DEVELOPER 40.00 0.00 X 121379 0 7210 WILLIAM MILLER FORMER SENIOR VP, OPERATIONS 0.00 40.00 X 0 618009 31346 CHRISTOPHER J KERSTING FORMER PRESIDENT & CEO 0.00 0.00 X 0 468750 0 922090 2088473 140714 6 1 1 0 0 1026906 1026906 MEMBERSHIP DUES 900003 1728267 1728267 SALES/MISC INCOME 900003 516969 516969 2245236 3272142 2245236 0 0 237481 1506600 38597 159472 134768 13425 339972 22456 271130 400119 68180 53264 340783 26610 3612857 87855 46557 23780 18286 2659815 2231031 769567 428784 5237 61749 886439 555376 246173 214366 24809 5773 0 60495 270982 280634 X 615457 274742 615457 274742 886439 555376 -340715 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 2659815 2231031 428784 428784 ADVANCES TO VENDORS- CORPORATE 3680 RIGHT OF USE ASSET 58069 61749 RIGHT OF USE LEASE LIABILITY 60495 60495 X PART X, LINE 2: THE ASSOCIATION AND SEWA HAVE BEEN RECOGNIZED AS ORGANIZATIONS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND THE CORRESPONDING CALIFORNIA PROVISION. THE SCHOLARSHIP FUND HAS BEEN RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE CORRESPONDING CALIFORNIA PROVISION. THE ASSOCIATION IS SUBJECT TO INCOME TAXES FOR UNRELATED BUSINESS INCOME, IF ANY, REALIZED IN CONNECTION WITH UNRELATED BUSINESS ACTIVITIES. NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED FOR PAPI AS IT HAS NET OPERATING LOSS CARRYFORWARDS AVAILABLE TO OFFSET CURRENT AND FUTURE TAXABLE INCOME FOR FEDERAL INCOME TAX PURPOSES OF APPROXIMATELY $6,718,000 AND $6,611,000 AS OF JUNE 30, 2024 AND 2023, RESPECTIVELY, AND OPERATING LOSS CARRYFORWARDS AVAILABLE TO OFFSET CURRENT AND FUTURE TAXABLE INCOME FOR CALIFORNIA INCOME TAX PURPOSES OF APPROXIMATELY $5,331,000 AND $4,982,000, RESPECTIVELY. SUCH CARRYFORWARDS BEGAN TO EXPIRE IN FISCAL YEAR ENDED JUNE 30, 2024, FOR FEDERAL INCOME TAX AND JUNE 30, 2030, FOR CALIFORNIA TAX PURPOSES. PAPI HAS PROVIDED A VALUATION ALLOWANCE TO OFFSET ALL DEFERRED TAX ASSETS DUE TO THE UNCERTAINTY OF REALIZATION. SEMA HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2024 AND 2023. THE ASSOCIATION, THE SCHOLARSHIP FUND, AND SEWA FILE EXEMPT ORGANIZATION INCOME TAX RETURNS. THE ASSOCIATION FILES AN UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH CALIFORNIA. PAPI FILES A CORPORATE INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH CALIFORNIA. THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. 1 0 0 MIKE SPAGNOLA PRESIDENT & CEO 0 440348 0 167531 0 35912 0 30000 0 1000 0 674791 0 0 WILLIAM MILLER FORMER SENIOR VP, OPERATIONS 0 505818 0 107932 0 4259 0 30000 0 1346 0 649355 0 0 CHRISTOPHER J KERSTING FORMER PRESIDENT & CEO 0 0 0 0 0 468750 0 0 0 0 0 468750 0 0 GEORGE AFREMOW VP & CFO (THRU 05/24) 0 296605 0 28490 0 32828 0 30000 0 1040 0 388963 0 0 GIGI HO VICE PRESIDENT 213264 0 26638 0 7623 0 12698 0 3050 0 263273 0 0 0 ROBERT WATSON SALES MANAGER 150613 0 0 0 635 0 7375 0 0 0 158623 0 0 0 PART I, LINE 3 SEMA, A RELATED ORGANIZATION, SETS THE TOP MANAGEMENT OFFICIAL'S COMPENSATION USING ONE OR MORE OF THE METHODS DESCRIBED ON LINE 3. PART I, LINE 4A: CHRISTOPHER KERSTING RETIRED AND RECEIVED THE THIRD INSTALLMENT OF THE SEPARATION SETTLEMENT DURING THE YEAR. DETAILS OF THE SETTLEMENT ARE CONFIDENTIAL, BUT ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CLASSES OF MEMBERS. CLASS A MEMBER SHALL BE THE SPECIALTY EQUIPMENT MARKET ASSOCIATION & PEFORMANCE RACING, INC. (SEMA) WHICH SHALL EXERCISE ALL POWERS OF MEMBERSHIP OF SEWA. THE CLASS A MEMBER SHALL HAVE THE SOLE RIGHT TO ELECT AND REMOVE DIRECTORS IN ITS SOLE AND ABSOLUTE DISCRETION AND SHALL HAVE THE SOLE RIGHT TO EFFECT MERGERS, DISSOLUTION, DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION, OR AMEND OR REPEAL THESE BYLAWS. CLASS B MEMBERS SHALL HAVE THOSE RIGHTS, PRIVILEGES AND OBLIGATIONS THAT ARE DELINEATED IN THE ARTICLES OF INCORPORATION, AS MAY BE SET OUT IN THE BYLAWS, AND AS MAY FROM TIME TO TIME BE DETERMINED BY THE SEMA DATA BOARD OF DIRECTORS, WITH SUCH DISTINCTIONS BETWEEN CLASSES OF MEMBERS AS SHALL BE WARRANTED. NO INDIVIDUAL MEMBER HAS A RIGHT TO RECEIVE DISTRIBUTIONS OF INCOME FROM SEWA, OR ASSETS OF THE ORGANIZATION. SHOULD THE ORGANIZATION DISSOLVE, THEN ANY REMAINING ASSETS WOULD GO TO ANOTHER 501(C)(6) CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A SEE ANSWER TO LINE 6 ABOVE. FORM 990, PART VI, SECTION A, LINE 7B SEE ANSWER TO LINE 6 ABOVE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES AND THEREFORE NO MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN ACCOUNTING FIRM. MANAGEMENT REVIEWS THE RETURN AND THE CFO SIGNS THE FORM 990. THE SEMA BOARD OF DIRECTORS HAS AUTHORIZED THE AUDIT REVIEW COMMITTEE IN CONJUNCTION WITH MANAGEMENT TO REVIEW AND APPROVE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE DIRECTORS ARE REQUIRED TO CONFIRM RECEIPT AND REVIEW OF THE CONFLICT OF INTEREST POLICY UPON COMMENCEMENT AND ANY POLICY UPDATES. THE DIRECTORS ARE REQUESTED TO REPORT ANY NEW POTENTIAL CONFLICTS AT THE QUARTERLY BOARD OF DIRECTORS MEETINGS. IN THE EVENT A MEMBER OR KEY STAFF BELIEVES THAT THERE IS A POTENTIAL CONFLICT OF INTEREST, OR THE APPEARANCE OF A CONFLICT OF INTEREST, HE/SHE SHALL BRING THE RELEVANT FACTS TO THE ATTENTION OF THE APPROPRIATE BOARD OF DIRECTORS. UPON NOTICE OF SUCH CIRCUMSTANCES, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST IS IN EVIDENCE AND IF THERE IS SUCH A CONFLICT OF INTEREST, HOW IT IS TO BE ADDRESSED. IT IS UNDERSTOOD THAT CERTAIN INSTANCES OF CONFLICT OF INTEREST MAY BE RESOLVED BY DISCLOSURE AND OTHERS REQUIRE RECUSAL. IN THE EVENT IT IS LATER DETERMINED THAT A BOARD MEMBER HAD A CONFLICT OF INTEREST, SUCH CONFLICT SHALL NOT AFFECT THE VALIDITY OF ANY VOTE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL IS DETERMINED BY A RELATED ORGANIZATION, SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING, INC. (SEMA). SEMA'S COMPENSATION COMMITTEE USES AN INDEPENDENT COMPENSATION CONSULTANT AND COMPENSATION SURVEYS TO DETERMINE THE COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL AND THE FOUR VICE PRESIDENTS OF THE ORGANIZATION. THE COMPENSATION COMMITTEE MEETS PERIODICALLY AS NEEDED TO UNDERTAKE COMPENSATION REVIEW. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC ACCESS TO DOCUMENTS ARE AVAILABLE UPON REQUEST, THE DOCUMENTS ARE MAILED WITHIN 30 DAYS. SPECIALTY EQUIPMENT MARKET ASSOCIATION &PERFORMANCE RACING INC 1575 SOUTH VALLEY VISTA DRIVE DIAMOND BAR CA 91765 952544340 TRADE ASSOCIATION CA 501(C)(6) N/A N/A 0 SEMA MEMORIAL SCHOLARSHIP FUND 1575 SOUTH VALLEY VISTA DRIVE DIAMOND BAR CA 91765 954131888 SCHOLARSHIPS DC 501(C)(3) N/A SEMA 0 SEMA FEST INC 1575 SOUTH VALLEY VISTA DRIVE DIAMOND BAR CA 91765 871373521 SOCIAL WELFARE ORGANIZATION IN 501(C)(4) N/A SEMA 0 DRIVING FORCE FUND 320 S HENRY STREET ALEXANDRIA VA 22314 932831445 SOCIAL WELFARE ORGANIZATION VA 501(C)(4) N/A SEMA 0 PERFORMANCE AFTERMARKET PUBLICATIONS INC 1575 SOUTH VALLEY VISTA DRIVE DIAMOND BAR CA 917650910 954198456 PUBLISHING CA N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0