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Filing year 2024

SPRING MANUFACTURERS INSTITUTE INC

Elgin, Illinois·EIN 06-0607885·6
Total revenue
$707k
Total assets
$279k
Total expenses
$549k
Reported officers
18
Mission

SERVING, SUPPORTING AND EDUCATING NORTH AMERICAN PRECISION SPRING MANUFACTURERS IN THEIR PURSUIT OF COMPETITIVENESS IN WORLD MARKETS.

Executive compensation, broken down

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Director
Median to 75th percentile
$120k
$130k
Base
$81k
Bonus
Other
Benefits
$24k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 17 unpaid individuals.

Up 7%
from 2023

From $113k in 2023 to $120k in 2024.

$113k
2023
$120k
2024
In today's dollarsEst.
Up 4% in real terms$125k to $130k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 7% from 2023 to 2024, while revenue rose 9%.

$113k in 2023 to $120k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

SPRING MANUFACTURERS INSTITUTE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$646k
$627k
2023
$707k
$549k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SPRING MANUFACTURERS INSTITUTE INC

What does the Chief Executive Officer of SPRING MANUFACTURERS INSTITUTE INC earn?

In 2024, the Chief Executive Officer of SPRING MANUFACTURERS INSTITUTE INC received $120,440 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SPRING MANUFACTURERS INSTITUTE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at SPRING MANUFACTURERS INSTITUTE INC falls between the median and the 75th percentile.

What are SPRING MANUFACTURERS INSTITUTE INC's revenue and expenses?

In 2024, SPRING MANUFACTURERS INSTITUTE INC reported $707k in total revenue and $549k in total expenses on its IRS Form 990.

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